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Class-11 test
Duration-60min. 1. Explain the money measurement assumption. 2. Journalise the following transactions:
2005 Jan-1 Jan-3 Jan-5 Jan-8 Jan-12 Jan-14 Jan-16 Jan-19 Jan-19 Jan-19 Jan-19 Jan-19

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Business started with cash, goods and furniture of Rs.50000, 30,000and Rs.5,000 respectively Goods purchased from Anil of Rs.12,000 Commission received from Sumit Rs.480 Life insurance premium paid Rs.120 Cash sales Rs.3,000 Purchased machine by cheque Rs.11,000 Paid installation charges Rs.1,100 A loan raised from Dinkar Rs.2,000 and from his sister; Anu, Rs.5,000 Goods returned to Anil Rs.2,100 Final payment made to Anil Rs.10,400 Charge interest on capital on Rs.55,000 @ of 6%p.a, for two months. Ashok who owes Rs. 8,000 become insolvent and only 40% of the due is realised Stock remained Rs.30,000 at end. (9)

3. M/s Partap & sons, who are dealers in ready made garments, purchased the following:
2004 Jan 4 purchased from Raymonds house200 shirts @ Rs.80 per shirt 100 T-Shirts @ Rs.40 per piece. Add: Packing charges Rs.100 Less: trade discount 20% Jan 12 Purchased from Gopi garments150 Bush Shirts @ Rs.60 per piece 180 T- shirts @ 50 per piece Less:15% Jan 20 Purchased from Gupta furniture12 chairs @ Rs.250 per chair Jan 28 Purchased from jain bros. For cash120 T-shirts @ Rs.110 per piece. Prepare purchase book.

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4. Prepare trial balance from the balances:

Building Rs.60,000, machinery Rs. 17,000,return outward Rs. 2,600,bad debts Rs.2,800, cash Rs.400, discount received Rs.3,000, bank overdraft Rs. 10,000, creditors Rs. 50,000, purchases Rs.1,00,000, capital Rs.73,600, fixtures Rs 5,600, sales Rs.1,04,000, debtors Rs. 60,000,interest received Rs.2,600 (5)

5. Record the following transactions in a double coloumn cash book with cash and bank coloumn and
balance the book on 31st Mar.2005 2005 Mar-1 Balance on hand Rs.50 Mar-1 Balance at bank (overdrawn) Rs.400 Mar-3 Cash sales Rs.600 Mar-5 Paid for purchase of machinery by a crossed cheque Rs.1,000 Mar-8 Paid wages for erection of above machinery Rs.40 Mar-10 Received crossed cheque from Mr. A in full settlement of Rs.500, Rs.480 Mar-13 Issued a cheque to Mr. F on account Rs. 400 Mar-15 Withdrew from bank for office use Rs.500 Mar-16 Cash sales Rs.12,000 Mar-31 Paid life insurance premium of the life of proprietor, Mr. Patel Rs.80

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Class-11 test
Duration-50min. Max.marks-24

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1.The following is the trial balance of Mohan & sons on 31st march, 2005:
Debit Balances: cash in hand 540, cash at bank 2,630, purchases 40,675, returns inward 680, wages 10,480, fuel & power 4,730, carriage on sales 3,200, carriage on purchases 2,040, stock (1-4-2004) 5,760, buildings 30,000, freehold land 10,000, machinery 20,000, patents 7,500, salary 15,000, general exp.3,000, insurance 600, sundry debtors 14,500, drawings 5,245, Credit Balances: sales 98,780, returns outwards 500, capital 71,000, sundry creditors 6,300 Taking into a/c the following adjustment, prepare trading & profits & loss a/c & the balance sheet: (a) Stock in hand on 31st march, 2005 is Rs.6,800. (b) Machinery is to be depreciated @ 10% and patents @20%. (c) Salary outstanding Rs.1,500 (d) Insurance includes a premium of Rs.170 on a policy expiring on 30-9-2005 (e) Wages included a sum of Rs. 2,000 spent on the erection of a cycle shed for employees. (f) Provide for bad & doubtful debts @ 5% on sundry debtors. (8)

2.On 17th April 1994, X sold to Y for Rs. 8,000 and draws a bill for two months upon Y for the
amount due. Y accepted the bill and returned it to X. On due date the bill became dishonoured and X paid Rs. 40 as noting charges. Pass journal entries in the books of both the parties if The bill retained by the drawer till the date of maturity The bill is endorsed to Z on 20th May 1994 (8)

3. A company purchased a machine for Rs. 18,500 on 1st apr.2001 and spent Rs.1,000 on its
repair and Rs.500 on its installation. A second hand machine was purchased for Rs. 10,000 on 1st Oct.2002. On 1st Oct.2003 the machine purchased on 1st April 2001 was sold for Rs. 12,000 and a new machine was purchased for Rs. 15,000. Depreciation is charged at 10% p.a. on diminishing balance method. Show the machinery a/c from 2001-02 to 2003-04. (8)

Class-11 test
Duration-30min.
1. Journalise the following transactions and prepare cash a/c and Anils a/c. 2005 Jan-1 Business started with cash and goods of Rs.1,50000 and 30,000 Jan-3 Goods purchased from Anil of Rs.12,000 Jan-5 Commission received from D.V.Steel Rs.480 Jan-12 Cash sales Rs.3,000 out of which half amount deposited in bank Jan-14 Purchased machine by cheque Rs.11,000 Jan-16 Bank loan raised Rs. 25000 Jan-19 Goods returned to Anil Rs.2,100 Jan-19 Final payment made to Anil Rs.10,400 Jan-22 Charge interest on drawings on Rs.55,000 @ of 6% p.a. for five months. Jan-25 Ashok who owes Rs. 8,000 become insolvent and only 80% of the due is realised Jan-31 cheque recd. from Harsh and deposited into bank of Rs.22,000

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2. Prepare trial balance from the balances: Building Rs.60,000, machinery Rs. 17,000,return outward Rs. 2,600,bad debts Rs.2,800, cash Rs.400, discount received Rs.3,000, bank overdraft Rs. 10,000, creditors Rs. 50,000, purchases Rs.1,00,000, capital Rs.73,600, fixtures Rs 5,600, sales Rs.1,04,000, debtors Rs. 60,000,interest received Rs.2,600 (5) 3. Explain the money measurement assumption. (2)

4. Record the following transactions in a double coloumn cash book with cash and bank coloumn and balance the book on 31st Mar.2005 2005 Mar-1 Balance on hand Rs.50 Mar-1 Balance at bank (overdrawn) Rs.400 Mar-3 Cash sales Rs.600 Mar-5 Paid for purchase of machinery by a crossed cheque Rs.1,000 Mar-8 Paid wages for erection of above machinery Rs.40 Mar-10 Received crossed cheque from Mr. A in full settlement of Rs.500, Rs.480 Mar-13 Issued a cheque to Mr. F on account Rs. 400 (6) Mar-15 Withdrew from bank for office use Rs.500 Mar-16 Cash sales Rs.12,000 Mar-31 Paid life insurance premium of the life of proprietor, Mr. Patel Rs.80

Class-11 test
Duration-90min.
(1) Answer the following questions to the point: (a) (b) (c) (d) (e) Define accounting What are contra entries explain with example Explain imprest system of petty cash book Difference between straight line method and diminishing method Materiality concept and going concern concept

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(2) Record the following transactions in the journal of Ramnath and prepare accounts of
Cash, Surendra traders and Sales: 1-7 Started business with cash Rs. 60,000, machinery Rs. 30,000, and furnitureRs.15,000 5-7 purchased goods from surendra traders of rs.10000 less trade discount @ 10% 15-7 cleared the account of surendra traders by paying cash under a discount of 5% 23-7 cash Rs.5,000 was stolen from the iron safe of the trader. 30-7 sold goods to kitty list price Rs. 2,000, trade discount 10% and cash discount 5%. She paid the amount on the same day and availed the cash discount. (10)

(3) A company purchased a machine for Rs. 18,500 on 1st apr.2001 and spent Rs.1,000 on its repair and
Rs.500 on its installation. A second hand machine was purchased for Rs. 10,000 on 1st Oct.2002. On 1st Oct.2003 the machine purchased on 1st April 2001 was sold for Rs. 12,000 and a new machine was purchased for Rs. 15,000. Depreciation is charged at 10% p.a. on diminishing balance method. Show the machinery a/c from 2001-02 to 2003-04. (10)

(4) On 30th June 2001, the bank coloumn of cashbook showed a favourable balance of Rs. 4,280.
Comparison of cashbook and passbook revealed the following: (i) Out of the total cheques amounting to Rs. 12,560 sent to bank for collection, cheques of Rs. 7,460 were credited in the passbook up to June 30,2001. (ii) Out of the total cheques amounting to Rs. 9,500 issued, cheques amounting to Rs. 9,250 were debited in the pass book up to June 30,2001. (iii) Rent of building Rs. 2,800 were paid by the bank as per standing instructions of the proprietor. (iv) Rs.220 was debited by the bank on account of bank charges. (v) A cheque of Rs.4,000 received from a customer was recorded in the bank coloumn of cashbook but was not deposited in the bank. (vi) Interest and dividend on investment Rs. 1,230 was directly paid in the bank. (10)

Prepare a Bank Reconciliation statement and find out bank balance as per passbook as on June 30,2001.

(5) Enter the following transactions into double coloumn cashbook: 2006 Feb. 1 Bank Overdraft Cash in hand Feb. 7 Cheque recd. from Ram Discount allowed Feb. 9 Cheque recd. from Ram deposited into bank Feb. 15 Rams cheque dishonoured Feb.28 cheque recd. from Hira and endorsed it to Sunita 12,000 2,300 4,000 200 4,500 (10)

1. Journalise the following transactions:

2005 Jan-1 Jan-3 Jan-5 Jan-8 Jan-12 Jan-14 Jan-16 Jan-19 Jan-19 Jan-19 Jan-19 Jan-19 Business started with cash, goods and furniture of Rs.50000, 30,000and Rs.5,000 respectively Goods purchased from Anil of Rs.12,000 Commission received from Sumit Rs.480 Life insurance premium paid Rs.120 Cash sales Rs.3,000 Purchased machine by cheque Rs.11,000 Paid installation charges Rs.1,100 A loan raised from Dinkar Rs.2,000 and from his sister; Anu, Rs.5,000 Goods returned to Anil Rs.2,100 Final payment made to Anil Rs.10,400 Charge interest on capital on Rs.55,000 @ of 6%p.a, for two months. Ashok who owes Rs. 8,000 become insolvent and only 40% of the due is realised Stock remained Rs.30,000 at end.

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