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1st Puc Accountancy Midterm Question Paper Nov 2017-Mandya PDF
1st Puc Accountancy Midterm Question Paper Nov 2017-Mandya PDF
1st Puc Accountancy Midterm Question Paper Nov 2017-Mandya PDF
EE
I P.U.C. MID-TERM EXAMINATION, NOVEMBER-?OI7
Time :3.15 hours
2) 3) 4) 1)
: Allsub questions of Section-A should be answer. Provide working notes wherever
necessary. 15 Minutes of Extra Time have been allotted for the candidates Figures in the right
hand margin indicate full marks.
to read the questions.
Answer 2. 3. 1.
Section - A any EIGHT of the fottowing questions,
Each carries One
mark.
8x1=8
4. 5. 6. 7. L
has written a book called Summa in 1494. Expand : GMP. Which (a)
L
=
of A+C
the following (b) A is =
correct? L-C
(c)
C=
A-L
(d)
C
= Name one type of Cash Book.
What type of transaction is recorded in sales book? Capital account balance is a
A+L
-
balance.
10. 9.
State any one type of Error. A (a)
bill Receipt
of exchange (b)
is Loan
an acknowledgment (c)
Debt of
:
13.
15. 16. 12.
14.
18. 17.
Section - B any FIVE of the following questions,
Each carries Two marks
each.
5
x2=10 What State State What What What State What is any the are is is any is Capital
two Accounting Concepts. rules of Debit and Credit of Assets Account. contra Entries? Bank
Reconciliation Statement? Trial Balance?
two causes of Depreciation. Revenue receipt?
Section - C Answer 19.
Classity a) b) c) d) e) f)
any FOUR of the fotlowing questions, Each carries Six
marks.
4x6=24
Cash O/s Buildings lnterest Purchases Purchases the Salary A/c foltowing on Nc A/c Nc
lnvestment Returns
Accounts A/c A/c in to Assets, Capital, j) g) h) i) k) l)
Liabilities, Expenses and lncomes. ComPuter A/c Wages A/c Sales A/c Creditors A/c B/R A/c
Debtors A/c 20.
Enter the following transaction in Analytical petty cash book. 01-10-2017 Received cash from
main cashier Rs.
1
Rs. 100
150
(P.T.O)
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-2- From the following transactions, prepare purchases book. 01-09-2017 Bought goods from
Ananda Rs. 8,000 06-09-2017 Purchased goods from Vijay Rs. 6,000 10-09-2017 Bought
goods from Naveen Rs. 5,000 16-09-2017 Raju supplie goods to us Rs. 4,000 24-09-2017
Bought goods from Ravi for cash Rs. 3'000 30-09-2017 Purchased goods from Kavery Rs.
2,000 From the following padiculars, prepare a Trial Balance as on 31-3-2017'
2l 3) 4\ 1)
5) 6) 7\ 8) 9)
Purchases A/c Sales A/c Bank Loan A/c Machinery A/c Cash A/c CapitalA/c Debtors A/c
Creditors A/c Bills Receivable A/c 10) Bills payable Alc Rectify the lollowing errors assuming
that the errors detected after the differences in Trial Balance is placed to a) b) c) d) e) f)
suspense account. A credit purchases Rs. 1,000 received The total of sales Rs. 8,000 paid A
credit sale of Payment of salary of Rs. 2,000 from Mahesh has been debited to his account.
from Viiay has been credited to his account. returns book has been overcast by Fls. 1,000. to
Kumar has been debited to his account Bs. 800. Rs. 5,000 to Arun has been credited to Arjun's
account'
Rs. 3,000 has been posted twice to salary account'
Record the following transactions in simple cash book'
Bs. 01-08-2017 Cash n
Rs. 95,000 1,36,000 20,000 50,000 46,000 1,00,000 80,000 17,000 4,000 2,000
24.
06-08-2017 10-08-2017 02-08-2017 Cash Paid Bought to
cash
Ravi 21.
10,000 2,000 6,000
16-08-2017 30-08-2017 20-08-2017 26-08-2017 28-08-2017 Sold Cash Paid Paid
Received
goods for
cash
Bank
2,000 7,000 2,000 4,000 1,000 2,000
ZS. From the following balances, prepare Trading Account for the year ended 31-3-2017'
Rs. (a)
Opening Stock
2,00,000 (b)
Purchases
10,00,000 (c)
Sales
20,00,000 (d)
Wages
1,00,000 (e)
Closing Stock
3,00,000
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-3-
Answer 26.
Journalise any FouR the or the rouowing
questions,::H";;rLr" r*"ue
marks. following Transactions in the books
of Mr. Rahul.
01-01-2013 Started business with cash 03-01-2013 Opened Bank A/c with Vijaya Bank
05-01-2013 Bought goods forcash 08-01-2013 Cash sales 10-01-2013 Purchased furnitures
from Mandya Traders 15-01-2013 Received Commission 18-01-2013 Paid cash to Mandya
Traders in full settlement of the Account 20-01-2013 Cash Purchases 24-01-2013 Cash
withdrawn from Bank 26-01-20'13 Paid Rent 30-01-2013 Paid Salary by cheque 27.
Prepare two column cash book from the following transactions.
4x12=48
Rs. 1,00,000 30,000 20,000 18,000 10,000 2,000 9,500 5,000 10,000 4,000 6,000
01-4-2017
Opening balance: Cash Rs. Bank Rs. 03-4-2017 Bought goods for cash 06-4-2017 Received
from Karthik by cheque 10-4-2017
Cash deposited into Bank 12-4-2017
Sold goods for cash 16-4-2017 PaidforTelephonecharges 20-4-2017 Paid to
Raghu by cheque 24-4-2017
Paid for Rent 26-4-2017 Receivedlnterest 30-4-2017 Withdrew cash for personal
use 28.
Enter the following transactions in proper subsidiary books. 2017 Aug.
Rs. 30,000 50,000 20,000 20,000 25,000 40,000 2,000 3,000 2,900 10,000 2,000
01
Purchased goods from Sharath Rs. 3,500 2017 20'17 2017 2017 2017 Aug.
Aug. Aug. Aug.02 Aug.
06 07 A4
10
Sold Credit Sold Bought Fleturned goods goods sales from defective to to to Kiran Aswin
Sundar Raju Rs. to and Rs. Kiran Rs. 4,500 Sons 4,500 4,000
Rs. on Rs. 1,000 account, 15,000
(Gross)
less 10% trade discount.
2017 2017 Aug.
Aug.12 16
Returned defective goods from Sundar Rs. 1,000
2017 Aug. 2017 Aug.
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Credit purchased from Anand Rs. 10,000 Dinesh bought goods from us on account Rs. 5,000
Cash sales to Vinay Rs. 3,000 2Q17
Aug.24
Sent a credit note to Dinesh Rs. 1,000 2017 Aug.25 Bough 15 units from
Jayanth at Rs. 200 per unit. 29.
c) d) a) b) From Cheque Bank Bank Dividend the following charges balance issued, on shares
as debited particulars but per collected not cash in presented the of book Mr. pass by Vinod, Rs.
the book fro 50,000
bank payment Prepare only and Rs. credited Rs. Bank 400.
6,000
Reconciliation in the pass book statement Rs. 8,000.
as on March 31,2017.
(
01 02 03 04 05 06 07 08 09 10
11 12 13 14
(
Credit
Opening Stock
20,000 Purchases & Sales
80,000 Returns
400 Wages
12,000 Salary
9,000 Miscellaneous lncome Rent Drawings and Capital
4,000 Debtors and Creditors
12,000 Cash in hand
6,000 lnvestments
20,000 Buildings
86,000 Furniture
20,000 Salary
3,800
160,00;
1,200-
12,000 6,000 80,000 14,000
Total 2,73,20O 2,73,2OO Adiustments
1) Closing Stock Rs.24,000 2) Depreciate Furniture and Building at 10% 3) Provision for
bad-debts at 5% on Debtors 4) O/s Salary Rs. 1,200
Section -
E (Practical Oriented Questions) Answer 33.
Write Sl.No. any the TWO Assets
accounting of the following equation questions. and findout Each missing carries figures.
Five
(
marks.
2x$=10
(
Liabilities
(
Capital
a 2,00,000 1,20,000 ? b 1,80,000 ?
90,000
c ?
30,000 90,000
34. 35.
Draft prepare
a specimen machinery of account lnvoice with for two immaginary years with figures.
immaginary figures under written down value method'
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