Manipur Cohsem Class 11 Accountancy — Real Previous-Year Papers

Interest allowed by the bank will be recorded in the cash book in – (a) Bank column on the debit side (b) Bank column on the credit side (c) Cash column on the debit side (d) Cash column on the credit side

Depreciation for business is – (a) Expenses (b) Income (c) Gain (d) Liability

Profit or loss on realization of depreciation fund investment is transferred to – (a) Profit Loss A/c (b) The Asset A/c (c) Depreciation Fund A/c (d) Trading A/c

When one error is counter-balanced by the other, such error is known as – (a) Error of omission (b) Error of commission (c) Error of principle (d) Compensating error

Bije returned goods amounting to Rs. 4,200 but was recorded as Rs. 2,400 in his account. In rectifying entry, Bije's A/c will be credited to – (a) Rs. 1,800 (b) Rs. 4,200 (c) Rs. 2,400 (d) Rs. 6,600

If closing stock appears in the Trial Balance, it will be shown in – (a) Trading Account (b) Balance Sheet (c) Profit and Loss Account (d) Trading Account and Balance Sheet

Income Tax paid by sole trader should be – (a) Debited to Profit and Loss A/c (b) Debited to Trading A/c (c) Deducted from capital (d) Ignored altogether

Write one advantages of Book Keeping to a businessman.

State the nature of information required by Investors.

What is Accounting Standard ?

Why is the entire life of the business enterprise divided into time intervals ?

What is residual value of an asset ?

How is the profit on sales of fixed asset transferred ?

How are errors rectified in Accounting ?

The following question consists of two statements, one is Assertion (A) and the other is Reason (R). Assertion (A) : Suspense Account may show either a debit or credit balance. Reason (R) : Suspense Account always shows a debit balance. In the context of the above two statements, which of the following is correct ? (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (b) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). (c) Assertion (A) is true but Reason (R) is false. (d) Assertion (A) is false but Reason (R) is true.

A debtor who owes Rs. 2,00,000 to the company is rumoured to be declared insolvent. Will you disclose this information in the book ?

What are dual aspects of each transactions ?

What are the accounts recorded in Impersonal Ledger ?

"Credit purchase of Fixed Assets are recorded through transfer voucher". Explain.

Write any two advantages of original cost of depreciation.

How is the secret reserve created ?

Read the following Case Study and answer the questions that follow : After preparing Trial Balance by X Enterprise, it was found that the Trial Balance did not agree. While checking the Book of Accounts of the firm, the following errors have been located. (i) Goods returned to Ranibai for Rs. 5,000 was posted to the credit of her account. (ii) Purchase of Furniture for Rs. 10,000 was debited to Purchases A/C. Identify the types of errors in the above cases.

State two advantages of work sheet.

Explain accounting as a source of information.

How are accounting standards helpful for accountants and auditors? OR Why is International Financial Reporting Standard needed ?

What are the characteristics of Goods and Service tax ?

Enter the following transactions in the Cash book with Cash and Bank column : | 2025 | Particulars | Rs. | |---|---|---| | June, 1 | Cash in hand | 800 | | | Bank overdraft | 5,700 | | 7 | Received a cheque from Bhushan | 3,250 | | 9 | Deposited the above cheque into Bank | | | 12 | Paid to Bahvana by cheque | 2,425 | | 15 | Bhushan's cheque returned dishonored | | | 20 | Withdraw from bank for office use | 250 | | 25 | Cheque received from Pama Lal and endorsed it in favour of Kamal on 28th June | 1,200 | | 30 | Income Tax paid by cheque | 150 | | | Bank charges | 25 | OR Record the following transactions in the Purchase Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% : 2025. Nov. 3 Purchased Goods from Shiva Furniture Store, Imphal : 50 Chairs @ Rs. 2,000 each 5 Tables @ Rs. 10,000 each Less 10% Trade Discount Nov. 10 Purchased furniture from Mahen Co. Calcutta valued Rs. 2,00,000 Less 12½ % Trade Discount Nov. 18 Purchased furniture from Fashion House, Thangmeiband of the list price of Rs. 2,50,000 Less 15% Nov. 20 Purchased from Imphal Furniture, Singjamei : 100 chairs @ Rs. 1,800 each Nov. 25 Purchased from Mohon Sons furniture of the value of Rs. 20,000 for cash

Prepare the Bank Reconciliation Statement with the following particulars for the period 31st December, 2025. (a) Overdraft as per Pass Book on 31-12-2025 Rs. 7,600 (b) Cheque deposited but not collected by the bank Rs. 8,560 (c) Incidental charge not recorded in Cash Book Rs. 80 (d) Cheques were issued for Rs. 7,800 but only Rs. 4,400 were presented for payment (e) Insurance premium paid by bank but not recorded in the Cash book Rs. 4,200 (f) On 31st December, 2025 cash was deposited in bank Rs. 285 but the cashier debited the bank column with Rs. 485 by mistake

State which of the following receipts would be treated as capital receipts and revenue receipts and give reasons : (a) Received Rs. 5,00,000 from the issue of shares and the expenses of issue amounted to Rs. 10,000 (b) Received Rs. 1,00,000 as yearly subsidy from State government (c) Compensation received from Improvement Trust for compulsory removal of business to another place (d) Investment which was purchased in 2017 for Rs. 10,00,000 sold for Rs. 12,00,000 OR On 31st December, 2025 a merchant's Profit and Loss A/C showed a credit balance of Rs. 7,000. You find that he has committed certain mistakes and omitted certain entries. Pass necessary entries : (a) Unexpired Insurance Rs. 300 has not been taken into account. (b) An amount of Rs. 1,100 paid on wages for erection of new machinery is charged to wages account. (c) Goods worth Rs. 500 returned to Jamuna Das were included in stock but not entered in the Sales Return Book. (d) Salaries unpaid Rs. 1,000 had not been taken into account

Read the following Case Study and answer the questions that follow : After preparing the Trading Account for the year ended 31st March, 2025 of Manoj Enterprises, there was gross profit of Rs. 1,50,000. While preparing the Profit and Loss Account, the accountant first recorded all indirect expenses amounting to Rs. 45,000 and other incomes amounting to Rs. 10,000 earned during the year and finally determined the net result of the business. (a) State the first step in the preparation of the Profit and Loss Account. (b) Why are indirect expenses debited to Profit and Loss Account. (c) Give any one item of income that is transferred to the credit side of the Profit and Loss Account. (d) What is the final result shown by the Profit and Loss Account?

On 1st January, 2024 M/S. Gopal Keishna had a Bad Debts Reserve of Rs. 650. On 31st December, 2024 the total Debtor amounted to Rs. 18,400 out of which Rs. 400 were bad and had to be written off. The firm wants to maintain a Bad Debts Reserve of 5% at debtors. On 31st December, 2025 total Debtors amounted to Rs. 10,320 out of which Rs. 320 had to be written off as bad debts. The Reserve for Bad Debts is to be maintained as 6% of Debtors. Show the Reserve for Bad Debts Account for the year 2024 and 2025. OR The information given below is taken from the records of J.K. Traders for the two years ended on 31st March, 2024 and 2025. | | 2024 (Rs.) | 2025 (Rs.) | |---|---|---| | Opening Inventory | 21,000 | 19,000 | | Revenue from Operation | 1,42,700 | 1,56,000 | | Closing Inventory | 19,000 | 16,300 | | Gross profit | 20,500 | 30,000 | From this information calculate for each of the two years ending 31st March. (a) Purchases, and (b) Gross profit as a percentage of Revenue from operations.

What is Trial Balance ? Write its features. OR What is Bank Reconciliation Statement ? State the reasons for disagreement.

On 1st January, 2021 a machinery was purchased by Golak Nath for Rs. 50,000. On July, 2022 addition were made to the extent of Rs. 10,000. On April, 2023 further addition was made to the extent of Rs. 6,400. On 30th June, 2024 machinery, the original value of which was Rs. 8,000 in 1st January, 2021 was sold for Rs. 6,000. Depreciation is charged @ 195 p.a. on the original cost. Show the Machinery A/c for the year from 2021 to 2024 in the books of Golak Nath. He closed his books on 31st December every year. OR A company had bought machinery for Rs. 2,00,000 including a boiler worth Rs. 20,000. The Machinery account had been credited for depreciation on the reducing instalment system for the past four years @ 10% p.a. During the fifth i.e. the present year, the boiler becomes useless on account of damage to some vital parts, the damaged boiler being sold for Rs. 4,000. Write up machinery account.

What is Final Account ? Discuss their objectives. OR What is Balance Sheet ? Why it is prepared ?

From the following particulars prepare Profit and Loss Account and Balance Sheet on 31st December, 2025. | Particulars | Rs. | Particulars | Rs. | |---|---|---|---| | Cash at Bank | 3,028 | Salaries | 2,580 | | Petty Cash Book Balance (Dr.) | 18 | Interest on Investment @ 10% p.a. | 500 | | Sundry Debtors | 2,000 | General office expenses | 480 | | Stock on December 31st, 2025 | 1,384 | Commission Received | 144 | | Sundry Creditors | 1,036 | Postage and Telegram | 312 | | Stationary | 108 | Interest on Investment | 12 | | Rent | 300 | Office Furniture | 1,050 | | Telephone Charges | 156 | Capital on 1st January, 2025 | 3,400 | | Bank Charges | 24 | Gross Profit | 7,468 | | Travelling Expenses | 120 | | | The following adjustments are to be made : (a) Provide Rs. 84 for Rent owing (b) Salaries outstanding on 31st December, 2025 Rs. 100 (c) Prepaid Rates Rs. 40 are to be carried forward to the next year. (d) Commission Received in advance Rs. 24. (e) Interest on Investment Rs. 38 has accrued but not due. OR From the following balances extracted from the book of a trader after his Trading Account had been completed, prepare Profit and Loss A/c and Balance Sheet for the year ending 31st December, 2024 : | Particulars | Rs. | Rs. | |---|---|---| | Gross Profit | | 31,500 | | Office Salaries | 8,400 | | | General Expenses | 6,300 | | | Discount Allowed and Received | 455 | 560 | | Provision for Doubtful Debts | | 210 | | Debtors and Creditors | 6,300 | 4,900 | | Insurance | 420 | | | Premises | 42,000 | | | Bad Debts | 280 | | | Vehicles | 5,600 | | | Provision for Depreciation on Vehicles | | 1,400 | | Stock on 31st December, 2024 | 2,800 | | | Bank | 1,750 | | | Cash | 560 | | | Drawing | 2,100 | | | Capital | | 24,395 | | Loan | | 14,000 | Adjustments : (a) Depreciation is to be provided at 10% on the cost of Vehicles. (b) The Provision for Doubtful Debts is to be adjusted to 5% of debtors. (c) The Insurance premium is for the year ending 31st March, 2025. (d) A payment of Rs. 270 due on general expenses.