HALF YEARLY EXAM

XI-ACCOUNTANCY

TIME-1.5 HOURS M.M=40

NOTE-1) Attempt all the problems

2) Avoid cutting and overwriting

Ques-1- Define meaning of Book-keeping, accounting and accountancy [2+2+2]

Ques-2- From the following information prepare an accounting equation and balance
sheet [1.5x4=6]

a) Commencement of business with cash – rs 10000

b) Goods amounting to rs 2000 purchased for cash
c) Goods (cost price rs. 400) sold for cash rs. 500
d) Amount withdrew by proprietor for his personal use rs 40

Ques-3- Explain in brief rules of debit and credit [4]

Ques-4- Explain in brief various types of accounts with suitable examples [4]

Ques-5- Pass journal [1x10=10]

a) Commencement of business with cash- rs 10000

b) Goods amounting to rs 2000 purchased for cash
c) Salary paid by cheque- rs 200
d) Amount deposited with bank-rs 30
e) Rent outstanding- rs 20
f) Salary prepaid- rs 5
g) Bad debts recovered- rs 5
h) Charge interest on capital- rs 5
i) Goods destroyed by fire- rs 5
j) Mr. X from whom we have to receive rs 500 being declared insolvent and a
final composition of 25 paise received from rs.1 from his estate

Ques-6- Prepare simple cash book [2x5=10]

Cash in hand- 10,000

Received rs. 1000 from Mr. X

Paid rs. 50 to Y
Paid rent rs. 20
Received interest rs.5
Paid advertisement expenses rs.5