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BAL BHARATI PUBLIC SCHOOL, PITAMPURA, DELHI-110034
CLASS-XI- OD paper
HALF YEARLY
SUBJECT: ACCOUNTS
MM: 100
Time:3 hours

Q1.Give an example for a transaction that will increase in liability and

increase in another asset
(1)
Q2. What are representative personal account
(1)
Q3.What do you mean by accounting standards
(1)
Q4. What is meant by Trial Balance?
(1)
Q5. Give two examples of Wasting Assets?
(1)
Q6. What is contingent liability
(1)
Q7. Give one difference between cash discount and trade discount(1)
Q8 Accounting equation is true under all circumstances. True\ False
Explain with examples
(2)
Q9. Classify the following accounts into Real, Nominal & Personal
accounts:
(2)
i.
ii.

Cash A/c
Prepaid salary

iii. Rent outstanding

iv Furniture

Q10. What do the following balances of the given accounts inform:

(2)

Credit Balance of bank a/c

Debit Balance of commission A/c
Q11 Give three advantages of double entry system of book keeping
(3)
Q12 . Prepare Machine account:
Purchased machine for
80000
Sold machine for
20000
More machine was purchased
50000
Depreciated machine was sold for 5000
Q 13. Give three limitations of journal
Q 14. Write three causes of depreciation
Q15. Write short notes on
(a) Accounting concept
(b) Bank reconciliation statement
Q16. Explain briefly
(a) Cost concept
(b) Dual aspect concept
(c)
Separate Entity concept

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(2)

(3)
(3)

(3)

(3x3)

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Q17. On 1 January 2008, a merchant purchased some furniture
costing71500 whose estimated useful life is 10 years. Its scrap value after
10 years is estimated as 6500. Additional furniture was purchased on 1st
Jan 2009 amounting to 12350 whose residual value is 650 and some
additions made on 1st July 2011 amounted to 10920 whose residual is
520. Both the additional furnitures estimated life is also for 10 years.
You are required to prepare Furniture Account for the first four years
assuming depreciation is charged on the fixed instalment basis.
(8)
Q18. Prepare the necessary LEDGERS from the following
transactions:
Jan 1
Jan 3
Jan 4
Jan 5
Jan 6
Jan 8
Jan 9
Jan 10

(8)

Started business with cash 60000

Purchased goods from Mohan 30000
Returned goods to Mohan 10000
Paid to Mohan 19800 in full settlement of his account
Sold goods for cash 25000
Sold goods to Mahesh 50000
Received from Mahesh 48000
Paid salary 8000

Q19 Enter the following in the Cash Book for the month of Jan 2011
Cash in hand 3000
Bank overdraft
5000
Cash deposited in bank 6000
Cash withdrawn from bank 4000
Cheque received from Ram 8000
Rams cheque dishonoured
Bank has charged for its services
300
Ram directly deposited in bank
5000
Interest charged by bank 400
Q20 Prepare the trial as on 31 Dec 2010
Capital
115000
Debtors
82800
Creditors
29325
Machinery
156400
Stock (opening)
46000
Sales
368000
Wages
17894
Purchases
195500
Drawings
17940
Sales return
14260
Interest ( credit )
3312
Discount received

(8)

1633

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(8)

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Bill receivable

22586

Bank overdraft

28750

Interest on Overdraft

4140

Purshase return

11500

Q21. Prepare Bank Reconciliation Statement as on 31st March2008 from

the following transactions:
(8)
Debit balance as per bank column of the cash book 300000
1. Cheques issued to creditors but not presented for payment 72000
2. Dividend received by bank 5000
3. Interest allowed by bank 1250
4. Cheques deposited in bank for collection but not collected 15400
5. Bank charges 200
6. Cheque deposited in bank dishonoured but no intimation received
320
7. Bank paid house tax on our behalf but no information received in
this regard from bank 350
Q22 Journalise the following Transactions:
(1x12=12)
1. Balance as on 1st Jan,2009Cash in hand 5000, Ram(debtor)
6000, stock 10000, furniture 20000, creditors 2000 loan
15000
2. Received cash of 20000 from Lata against bad debts of 25000
written off last year
3. 10000 cash and goods worth 20000 stolen by an employee
4. Paid life insurance premium 1000
5. Sold goods to Sanjay at a list price of 50000 @ 10% trade
discount
6. Sanjay was declared insolvent and final dividend of 40 paisa
in a rupee was received from him
7. Rent due to landlord 3000
8. Old machinery was sold at a loss of 10% costing 50000
9. Purchased a 2nd hand machinery at 20000 and spent 2000 on
its repair.
10.50000 was withdrawn by the proprietor for the marriage of
his daughter
11. Goods worth 2000 were destroyed by fire
12. Placed an order with Ram for supply of goods worth 50000

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Q23. From the following information prepare necessary subsidiary books

of M/s Gaurav
(12)
Jan 1
Jan 3

Gaurav started business with cash 50000

Opened a bank account 20000

Jan 5

Goods purchased from shanker 3000

Jan 7

Goods returned to shanker 500

Jan 10

Purchased goods for cash 4000

Jan 19
Jan 20
Jan 29
Jan 30
1 Feb
2 Feb
3 Feb

Sold goods to Amit 1000

Returned goods by Amit 300
Purchased stationery from Ganesh 5000
Purchased from Sinha goods worth 16000 trade discount 10%
Goods sold to Ram for cash 3000
Paid rent 2000
Paid to Sinha by cheque

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