Tamil Nadu Dge Class 11 Accountancy — Real Previous-Year Papers

In Triple column cash book, the balance of bank overdraft brought forward will appear in (a) Cash column debit side (b) Cash column credit side (c) Bank column debit side (d) Bank column credit side

Small payments are recorded in a book called (a) Cash book (b) Purchase book (c) Bills payable book (d) Petty cash book

When money is withdrawn from bank, the bank (a) credit customer's account (b) debit customers account (c) debit and credit customer's account (d) none of these

Balance as per bank statement is ₹1,000. Cheque deposited, but not yet credited by the bank is ₹3,000. What is the balance as per bank column of the cash book? (a) ₹2,000 overdraft (b) ₹4,000 favourable (c) ₹1,000 overdraft (d) ₹1,000 favourable

Wages paid for installation of machinery wrongly debited to wages account is an error of (a) Partial omission (b) Principle (c) Complete omission (d) Duplication

In Microsoft Excel, ___ finance function calculating depreciation under Straight Line Method. (a) OS (b) SM (c) SLN (d) SLM

Which method shall be efficient, if repairs and maintenance cost of an asset increases as it grows older. (a) Straight line method (b) Reducing balance method (c) Sinking fund method (d) Annuity method

Interest on bank deposits is (a) Capital receipt (b) Revenue receipt (c) Capital expenditures (d) Revenue expenditures

Goodwill is classified as (a) A current asset (b) A liquid asset (c) A tangible asset (d) An intangible asset

Drawings appearing in the trial balance is (a) Added to the purchases (b) Subtracted from the purchases (c) Added to the capital (d) Subtracted from the capital

Net Loss is (a) Debited in capital account (b) Credited to capital account (c) Debited to drawings account (d) Credited to drawings account

Accrued interest on investment will be shown (a) On the credit side of profit and loss account (b) On the assets side of balance sheet (c) Both (a) (b) (d) None of these

Customised accounting software is suitable for (a) Small, conventional business (b) Large, medium business (c) Large, typical business (d) None of the above

Which one of the following is not a method of codification of accounts? (a) Access codes (b) Sequential codes (c) Block codes (d) Mnemonic codes

List any two functions of accounting

Define book-keeping.

Complete the accounting equation (a) Assets = Capital + Liabilities ₹1,00,000 = ₹70,000 + ? (b) Assets = Capital + Liabilities ₹2,00,000 = ? + ₹30,000

State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance a) Sundry debtors b) Sundry creditors c) Cash in hand d) Bank overdraft

Mention four types of subsidiary books

The following errors were detected before the preparation of trial balance. Rectify them. (a) Sales book is undercast by ₹100 (b) Purchases book is overcast by ₹400

Classify the following items into capital and revenue (i) Carriage paid on goods purchased. (ii) Registration expenses incurred for the purchase of land.

Give any two examples of readymade software

Name any two direct expenses and indirect expenses

Give the examples for Programming software

List the branches of accounting

"Only monetary transactions are recorded in accounting". Explain the statement.

Give the golden rules of double entry accounting system.

Distinguish between journal and ledger (any 3)

Prepare the trial balance from the following information | Name of the account | ₹ | Name of the account | ₹ | | --- | --- | --- | --- | | Bank loan | 2,00,000 | Purchases | 1,50,000 | | Bills payable | 1,00,000 | Sales | 3,00,000 | | Stock | 70,100 | Debtors | 4,00,000 | | Capital | 2,89,000 | Bank | 2,00,000 |

From the following transactions write up the Sales day book of M/s. Ram Co., a stationery merchant. 2017 Jan. 1 Sold to Anand Co. on credit 20 reams of White paper @ ₹150 per ream Jan. 2 Sold to Jagadish Sons on credit 9 dozen pens @ ₹360 per dozen Jan. 10 Sold old newspapers for cash @ ₹120 Jan. 15 Sold on credit M/s. Elango Co. 10 drawing boards @ ₹170 per piece Jan. 20 Sold to Kani Co., 4 writing tables at ₹1,520 per table for cash

Briefly explain about contra entry with examples.

From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31st December, 2016. (a) Balance as per cash book ₹7,130 (b) Cheque deposited but not cleared ₹1,000 (c) A customer has deposited ₹100 into the bank directly

Calculate the rate of depreciation under straight line method from the following information: Purchased a second hand machinery on 1.1.2016 for ₹38,000 On 1.1.2016 spent ₹12,000 on its repairs Expected useful life of machine is 4 years Estimated residual value ₹6,000

Pass adjusting entries for the following: (a) The closing stock was valued at ₹5,000 (b) Outstanding salaries ₹150 (c) Insurance prepaid ₹450.

Ananth is a trader dealing in textiles. For the following transactions, pass journal entries for the month of January, 2016. | Jan | Particulars | ₹ | | --- | --- | --- | | 1 | Commenced business with cash | 70,000 | | 2 | Purchased goods from X and Co. on credit | 30,000 | | 3 | Cash deposited into bank | 40,000 | | 4 | Bought a building from L and Co on credit | 68,000 | | 5 | Cash withdrawn from bank for office use | 9,000 | | 6 | Cash withdrawn from bank for personal use of Ananth | 4,000 | | 7 | Towels given as charities | 3,000 | | 8 | Shirts taken away by Ananth for personal use | 12,000 | | 9 | Sarees distributed as free samples | 3,000 | | 10 | Goods (table cloths) used for office use | 200 | OR Pass journal entries for the following transactions and post them to ledger. 2017 | Aug | Particulars | ₹ | | --- | --- | --- | | 1 | Dharma Started business with cash | 70,000 | | 6 | Cash received from Ganesan | 10,000 | | 10 | Rent paid | 3,000 | | | Received commission from Anand | 5,000 |

From the following balances extracted from the books of Raju a trader on automobiles, prepare trial balance as on 31st March, 2017. | Particulars | ₹ | Particulars | ₹ | | --- | --- | --- | --- | | Cash in hand | 5,800 | Direct expenses | 5,000 | | Discount received | 500 | Carriage outwards | 3,500 | | Creditors | 16,000 | Capital | 45,000 | | Buildings | 50,000 | Purchases | 45,700 | | Opening stock | 8,000 | Sales | 56,400 | OR From the following information, prepare the necessary subsidiary books for Nalanda Book Stores. 2017 Dec. 1 Bought from M/s. Uma Devi on credit 100 copies Business Statistics Book @ ₹80 each 100 copies Accountancy Book @ ₹180 each Dec. 7 Sold to Sridevi Co. on credit 200 copies Business Statistics @ ₹90 each 250 copies Accountancy books @ ₹170 each Dec. 10 Bought from Subha Co. 40 Copies Economics books @ ₹80 each Less: 15% Trade Discount Dec. 15 Returned to M/s. Uma Devi 10 copies of damaged Accountancy book for which cash is not received Dec. 18 Sold to Gupta Bros. on credit 200 copies of Economics book @ ₹85 each Dec. 25 Returned 6 copies of Economics books to Subha Co.

Prepare analytical petty cash book from the following particulars under imprest system: 2017 July 1 Received advance from cashier 2,000 7 Paid for writing pads and registers 100 8 Purchased white papers 50 10 Paid auto charges 200 15 Paid wages 300 18 Postal charges 100 21 Purchased stationery 450 23 Tips to coolies 60 25 Paid for speed post 150 27 Refreshment expenses 250 31 Paid to carriage 150 OR Record the following transactions in three column cash book of Gunasekaran. 2017 Jan 1 Cash in hand 50,000 1 Cash in bank 90,000 2 Goods sold on credit to Rohini 15,000 5 Cheque received from Rohini in full settlement and deposited into bank 14,500 6 Cash deposited into bank through cash deposit machine 18,000 7 Goods sold to Sridhar for ₹12,000. He made the payment of ₹11,800 by debit card in full settlement by availing a cash discount of ₹200. 10 Money withdrawn from bank for office use 2,000 12 Purchased goods from Raja for ₹10,000 and paid through credit card in full settlement by availing a cash discount of ₹200. 9,800 14 Nathiya who owed money made the payment through NEFT 18,000 27 Cheque of Rohini dishonoured

From the following information, prepare bank reconciliation statement to find out the bank statement balance as on 31st December, 2017. | Particulars | ₹ | | --- | --- | | 1. Balance as per cash book | 15,000 | | 2. Cheques deposited but not yet credited | 1,000 | | 3. Cheque issued and entered in the cash book before 31st December 2017 but not presented for payment until that date | 1,500 | | 4. Dividend directly received by bank | 200 | | 5. Direct payment made by bank for rent | 1,000 | | 6. Locker rent charged by the bank not recorded in cash book | 1,200 | | 7. Wrong debit given by the bank on 30th December 2017 | 500 | | 8. A payment made through net banking has been entered twice in the cash book | 300 | OR The following errors were located before the preparation of the trial balance. Rectify them. (a) Paid ₹900 to Arangan were wrongly debited to Angappan's account. (b) Sale of furniture for ₹730 was credited to sales account. (c) Purchase of goods from Bagya for ₹2,100 was wrongly passed through sales book. (d) Wages ₹1,000 paid on erection of machinery were debited to wages account.

Rectify the following journal entries. | Particulars | LF | Dr. ₹ | Cr. ₹ | | --- | --- | --- | --- | | A. Kumanan A/c Dr. | | 10,000 | | | To cash A/c | | | 10,000 | | (Salary paid to Kumanan) | | | | | B. Senguttuvan A/c Dr. | | 6,000 | | | To cash A/c | | | 6,000 | | (Rent paid to Senguttuvan) | | | | | C. Cash A/c Dr. | | 2,000 | | | To sale A/c | | | 2,000 | | (Furniture sold for cash) | | | | | D. Cash A/c Dr. | | 10,000 | | | To Kumararaja A/c | | | 10,000 | | (Goods sold to Kumararaja for cash) | | | | | E. Manimaran A/c Dr. | | 1,000 | | | To purchases A/c | | | 1,000 | | (Goods taken by the proprietor Mr. Manimaran for his personal use) | | | | OR Ramu Brothers purchased a machine on 1st July 2015 at a cost of ₹14,000 and spent ₹1,000 on its installation. The firm writes off depreciation at 10% of original cost every year. The books are closed on 31st December every year. Give journal entries and prepare machinery account and depreciation account for 2 years.

Classify the following receipts into capital and revenue. (i) Sale proceeds of goods ₹75,000 (ii) Loan borrowed from bank ₹2,50,000 (iii) Sale of investment ₹1,20,000. (iv) Commission received ₹31,000 (v) ₹1,400 wages paid in connection with the erection of new machinery. OR Following are the ledger balances of Devi as on 31st December, 2016. | Debit balance | ₹ | Credit balance | ₹ | | --- | --- | --- | --- | | Purchases | 25,000 | Goodwill | 40,000 | | Salaries | 11,790 | Sundry debtors | 20,900 | | Drawings | 4,500 | Furniture | 51,000 | | Opening Stock | 6,230 | General expenses | 3,230 | | Capital | 20,000 | Commission received | 2,730 | | Sales | 78,500 | Loan | 44,000 | | Carriage inwards | 21,500 | Cash at bank | 3,100 | | Bad debts | 600 | Provision for bad debts | 2,300 | Prepare trading and profit and loss account for the year ended 31st December, 2016 and balance sheet as on that date. (a) Stock on 31st December, 2016 ₹6,500. (b) Write off bad debts ₹600. (c) Make a provision for bad debts @ 5%. (d) Provide for discount on debtors @ 2%.

From the following information, prepare profit and loss account for the year ending 31st December, 2016. | Particulars | ₹ | Particulars | ₹ | | --- | --- | --- | --- | | Gross loss | 60,000 | Printing and stationery (office) | 2,000 | | Promotional expenses | 5,000 | Legal charges | 5,000 | | Distribution expenses | 15,000 | Bad debts | 1,000 | | Commission paid | 7,000 | Depreciation | 2,000 | | Interest on loan paid | 5,000 | Rent received | 4,000 | | Packing charges (on sales) | 4,000 | Loss by fire not covered by insurance | 3,000 | | Dividend received | 3,000 | | | OR (i) What are the various types of accounting software? (ii) State the input and output devices of a computer system.