Q.

1 Accounting a include
(1)
(A) Book-keeping
(B) Does not include book-keeping
(C) May or may not include book-keeping
(D) None of these which of the

Q. 2 Following is not a business transaction - (1)

(A) Purchase of goods for resale amount Rs. 50,000
(B) Paid salaries and wages amounted to Rs. 10,000
(C) Paid rent for office premises Rs. 5,000
(D) Purchase a LCD for personal use Rs. 29,500

Q.3 Explin any Two function of book-keeping? (1)

Q.2 Explain any Two limitation of accounting.
(1)
Q.3 Explain business entity concept.
(3)
Q.4 Explain the meaning of any Four of them-
(4)
(A) Debtors (B) Drawings (C) Creditors (D) Assets (E) Capital (F) Sales
Q.5 Show the effect of following transaction on accounting equations-(8)
(i) Mr Manoj started business with Cash Rs 2,30,000
(ii) He purchased goods for cash Rs. 50000
(iii) He sold goods (costing Rs. 40000) in Rs. 35000
(iv) He purchased goods from Rahul Rs.55000
(v) He sold goods to Varun (costing 52000) Rs. 60000
(vi) He paid cash to Rahul in full settlement Rs.53000
(vii) Received cash from Varun in full settlement in Rs. 15000
(viii) Amount withdrawal by him for personal use Rs. 20000
(ix) Depreciation charged on building Rs. 10000
(x) Purchase goods from lucky Rs 10000

Q.6 Journalise the following transaction of M/s Malika fashion house (6)
June 05 Business started with cash Rs.
200000
June 08 Opened a bank account with SBI Bank Rs. 80000
June 12 Goods purchased on credit from M/s Gulmohar
. Fashion House Rs. 30000
June12 Purchase office machine paid by cheque Rs. 20000
June 18 Rent paid by cheque Rs. 5000
June 20 Sales of goods on credit two M/S Mohit brothers Rs. 10,000
June 22 Cash sales Rs. 15000
June 28 Received a cheque from M/S Mohit brothers Rs. 10000