RKG INSTITUTE

B - 193, Sector - 52, Noida

CLASS 11 - ACCOUNTANCY
Test 1
Time Allowed: 1 hour Maximum Marks: 40

1. Match the following: [1]

Column A Column B

(i) Purchase Dr
(a) Business started with cash
To cash

(ii) Wages Dr
(b) Bought Goods from Ram
To cash

(iii) Bank a/c Dr

(c) Bought goods from ram for cash
To capital a/c

(iv) Purchase Dr
(d) Wages paid
To ram

2. Match the following: [1]

Column A Column B

(a) A book of original entry (i) Narration

(b) Process of recording transation (ii) Jour

(c) Brief explanation of entry (iii) Journal

(d) French word from which Journal is derived (iv) Journalising

3. Match the following: [1]

Column A Column B

(a) Cash a/c Dr

(i) cash increases and loan increases
To sales a/c

(b) Cash a/c Dr

(ii) cash increases and debtors decreases
To bad debts recovered

(c) Cash a/c Dr

(iii) cash increase and goods decrease
To Loan a/c

(d) Cash a/c Dr

(iv) cash increase and bad debts decrease
To Debtors a/c

4. Match the following [1]

Column A Column B

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 (a) Drawings A/c (i) Does not appear in books

(b) Cash Discount (ii) Debited to Drawings a/c

(c) Trade Discount (iii) Withdrawl by proprietor

(d) Premium paid on life policy (iv) Appears in books

5. Match the following: [1]

Column A Column B

(a) Feature of JOurnal entry (i) does not provide required information rapidly

(b) Advantage of Journal entry (ii) for convinent recording of transaction

(c) Limitation of Journal (iii) transaction recorded on same day

(d) Requirement of journal (iv) easy to locate a particular entry

6. Match the following: [1]

Column A Column B

(a) Transfer of a journal entry from journal to ledger (i) Ledger

(b) Total of debit side of a/c is more than total of credit side of a/c (ii) purchase a/c

(c) Bound book of accounts (iii) Posting

(d) An account where total of purchase book is posted (iv) Debit balance

7. Should a transaction be first recorded in a journal or ledger? Why? [1]

8. State when is a capital account credited? [1]
9. Debts written-off as bad, if recovered subsequently credited to which account? [1]
10. What is an opening entry? [1]
11. The debts written-off as bad' if recovered subsequently are credited to which account? [1]
12. State whether the discount allowed is a cash discount or trade discount, if 100 washing [1]
machines are purchased by XYZ Ltd from Samsung, and it allowed a discount of Rs.20,000 for
purchase there of.
13. Which account should be debited, if wages are paid for installation of a machine? [1]
14. Name the column in the journal which is not filled at the time of journalising? [1]
15. Are debits or credits listed first in journal entries? Are debits or credits indented? [1]
16. What do you understand by ledger folio? [1]
17. State how will you record cash discount and trade discount in the books of accounts? [3]
18. Pass journal entries for the following transactions: [3]
i. Bought goods from Raj of the list price of Rs 30,000 at 15% trade discount.
ii. Settled the account of Raj by paying cash, under a discount of 4%.
iii. Bought goods for cash of the list price of Rs 1,50,000 at 20% trade discount and 5% cash
discount.
iv. Sold goods for cash of the list price of Rs 60,000 at 10% trade discount and 3% cash
discount.
19. Pass journal entries for the following transactions: [3]

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 2013

Jan 6 Sold goods to Meetu of the list price of Rs 2,00,000 at trade discount of 20%.

Jan 8 Meetu returned goods of the list price of Rs 5,000.

Jan 15 Received from Meetu the full payment under a cash discount of 4%.

20. Journalise the following transactions in the books of Madan. [3]

Sept Sold goods costing Rs 45,000 to Suresh at a profit of 33 13 % on cost less 20%. Trade
2 discount and paid carriage Rs 400 (to be charged from the customer).

Sept
Spent Rs 300 for refreshment of a customer.
5

Sept
Machinery purchased Rs 10,000 paid, installation expenses Rs 2,500.
7

Sept Sold goods costing Rs 40,000 to Prateek for cash at a profit of 25% on cost less 20% trade
9 discount and paid cartage Rs200 (not to be charged from the customer).

21. M/s. Vaish Traders, Delhi purchased 500 Parker Pens @ Rs.200 each less Trade Discount @ 15% [4]
from Luxor Pens Ltd., Delhi. CGST and SGST were levied @ 6% each. Further, Cash Discount
was allowed @ 5% as the payment was made within specified time. What will be the amount
of trade discount and cash discount?
22. Despite a number of advantages, a journal also suffers from various limitations. Give any [4]
three such limitations.
23. Journalise the following transactions [4]

Amount
2013
(Rs)

Mar 1 Raju started business with cash 1,00,000

Bought goods from Bobby for cash 80,000

13 Sold goods to Gudiya for cash 96,000

14 Bought goods from Rano 12,000

15 Sold goods to Guddu 14,400

26 Received from Guddu 14,000

Allowed him discount 400

27 Paid Ram cash 11,400

Discount allowed 600

28 Purchased furniture 20,000

30 Paid office expenses 2,000

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