ww..

w
w ..
wwww wwww
www.Padasalai.Net - No.1 Educational Website in Tamilnadu
TODAY’S LEARNER! KVMHSS TOMMORROW’S LEADER!!!

K V MATRIC.HR.SEC. SCHOOL
N Ne e t t CREATIVITY * PROSPERITY* NNeett
ACHIEVEMENT
lalai .i.546, SATHY MAIN ROAD, KURUMBAPALAYAM, l a
l i
a .i. COIMBATORE – 641 107 lalai
assaa aa aa .

ddaa ss ddaass
**********************************************************************************************

. P
. Pa
12 STD – ACCOUNTANCY
a – IMPORTANT SUMS & THEORY QUESTIONS
UNIT – 1 .P.Paa
w ww w ww
ww1. wACCOUNTS FROM INCOMPLETE RECORDS www
IMPORTANT SUMS :
N Nett
e N Neett
lalai.i. l a
l i
a .i.
1) From the following particulars ascertain profit or loss:
l a
l i
a

et
assaa aass
₹aa
Capital at the beginning of the year (1st April, 2022) -
aadd
2,00,000
ad
a a
d s
a aa
s
. PP
. ₹ ₹
Capital at the end of the year (31st March, 2023) -
.
3,50,000
P
. P

.N
w w
w www
www
Additional capital introduced during the year -
₹
Drawings during the year - 40,000
w
w w
70,000

lai
2) From the following particulars ascertain profit or loss:

eett
Capital as on 1st April 2018 - ₹1,60,000
N N N Neett
l a
l i
a .i. l a
l i
a .i. l a
l i
a
sa
₹
assaa aa aa
Capital as on 31st March, 2019- 1,50,000

dd
₹aass
Additional capital introduced during the year - 25,000 ddaass
₹.P
. Paa . P
. Paa
ww
Drawings made during the year - 30,000
w w w
w
www www
da

3) From the following details, calculate the missing figure.

Closing capital as on 31.3.2023 - ₹1,90,000
Pa

Additional capital introduced during the year - ₹50,000

N Neett N Neett
l a
l i
a .i.
Drawings during the year - ₹30,000
l a
lai .i. l a
l i
a
assaa Opening capital on 01.04.2022 - ?
₹ a d
adaassaa
aaddaasaa
s
w.

Loss for the year ending 31.3.2023 - 40,000

ww . P
. P w
w . P
. P
w
www ₹
Capital as on 1st January, 2022- 27,500
w
www
4) From the following details, calculate the capital as on 31st December 2022
ww

Goods taken for the personal use of the proprietor- ₹ 5,000

Neett N Nee
Additional capital introduced during the year - ₹2,500
N tt
l a
l i
a .i. ₹
Profit for the year - 10,000.
l a
lai.i. l a
l i
a
assaa aasaa
s
5) From the following details, calculate the missing figure:
aadd ad
a a
d s
a aa
s
₹
.P
Capital as on 1st April, 2022-
ww . P 2,50,000
w
w. P
. P
w
www ₹
Capital as on 31st March, 2023 - 2,75,000
w
w w
w
₹
Additional capital introduced during the year - 30,000
Profit for the year - ₹15,000

N Neett
Drawings during the year ?
N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa aa aa
K.PUSHPARASU M.Com., M.Phil, B.Ed.,,, ACCOUNTANCY 11_ STD Page 1
P.G.T IN COMMERCE & ACADEMIC CO-ORDINATOR,
d d aas s K V MATRIC. HR. SEC. SCHOOL,
aass
COIMBATORE – 641 107
d
Kindly send me your PP a a
questions and answerkeys to us : PP da
Padasalai.Net@gmail.coma
 ww.. w
w ..
wwww wwww
www.Padasalai.Net - No.1 Educational Website in Tamilnadu
TODAY’S LEARNER! KVMHSS TOMMORROW’S LEADER!!!

K V MATRIC.HR.SEC. SCHOOL
N Ne e t t CREATIVITY * PROSPERITY* NNeett
ACHIEVEMENT
lalai .i.546, SATHY MAIN ROAD, KURUMBAPALAYAM,
l a
l i
a .i. COIMBATORE – 641 107 lalai
assaa aa aa .

ddaass ddaass
**********************************************************************************************

. P
. Pa
6) Following are the balances of RD as on 31st December 2022.
a .P.Paa
Particulars
www ₹
w w
w Particulars
₹
www
Bills receivable www
6,000 Machinery 60,000
Furniture 10,000 Bills payable 4,000
Cash

N Nett
e
4,000

N Neett Debtors 70,000

lalai.i.
Sundry creditors
l a
l i
a .i.
25,000 Stock
l a
l i
a
45,000

et
assaa s aa
s ssaa
Prepare a statement of affairs as on 31st December 2022 and calculate capital as at that date.

aaddaa ₹
7) On 1st April 2022, Murugan started his business with a capital of
ad
a a
d a 75,000. He did not maintain proper book of
. P
.P . P
. P

.N
w w
w www
accounts. Following particulars are available from his books as on 31.03.2023.
Particulars www ₹ www Particulars
₹

lai
Furniture 3,000 Bills payable 6,000

N Neett
Bills receivable
N Neett
7,000 Cash at bank 24,000

l a
l i
a .i.
Stock of goods
l a
l i
a .i.
18,000 Creditors
l a
l i
a 9,000
sa
assaa Cash
aaddaasaa
s 5,000 Debtors
aaddaassaa 16,000
Land
ww. P
. P 20,000
w
w . P
. P
buildings 10,000

w
www ₹ w
www
da

₹
During the year he withdrew 15,000 for his personal use.
He introduced further capital of 20,000 during the year. Calculate his profit or loss.
8) Dhanvin does not keep proper books of accounts. Following details are given from his records.
Pa

N Neett
Particulars
N Neett ₹ ₹ 1.4.2022 - 31.3.2023 -

l a
l i
a .i. Cash
l a
lai .i. l a
l i
a43,000 29,000

assaa Stock of goods

ad
adaassaa
aadda s
a aa
s 1,20,000 1,30,000
w.

Furniture
ww. P
. P w
w . P
. P 33,000 45,000
Sundry debtors w
www w
www 84,000 1,10,000
ww

Sundry creditors 1,05,000 1,02,000

Business premises 2,50,000 2,50,000

N Neett
Loan
N Neett 25,000 20,000

l a
l i
a .i. l a
lai..
₹i l a
l i
a
assaa aa aa
₹
During the year he introduced further capital of 45,000 and withdrew 2,500 per month from

ddaass d a
d s
a s
the business for his personal use. Prepare statement of profit or loss with the above information.
.P. Paa . P
. Paa
w w
w w w
w
www www

N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa aa aa
K.PUSHPARASU M.Com., M.Phil, B.Ed.,,, ACCOUNTANCY 11_ STD Page 2
P.G.T IN COMMERCE & ACADEMIC CO-ORDINATOR,
d d aas s K V MATRIC. HR. SEC. SCHOOL,
daass
COIMBATORE – 641 107

Kindly send me your PP a a

questions and answerkeys to us : PP da
Padasalai.Net@gmail.coma
 ww.. w
w ..
wwww wwww
www.Padasalai.Net - No.1 Educational Website in Tamilnadu
TODAY’S LEARNER! KVMHSS TOMMORROW’S LEADER!!!

K V MATRIC.HR.SEC. SCHOOL
N Ne e t t CREATIVITY * PROSPERITY* NNeett
ACHIEVEMENT
lalai .i.546, SATHY MAIN ROAD, KURUMBAPALAYAM,
l a
l i
a .i. COIMBATORE – 641 107 lalai
assaa aa aa .

ddaass ddaass
**********************************************************************************************

. P
. Paa .P Pa
9) KR does not keep proper books of accounts. Find the profit or loss made by him for the year ending 31st March, 2023.
. ₹a
www
Particulars ₹
w w
w 1.4.2022 - 31.3.2023 -

www
Debtors www 34,000 30,000
Creditors 60,000 72,000

N Nett
e
Bank balance

N Neett 14,000 (Cr.) 18,000 (Dr.)

lalai.i. Stock
l a
l i
a .i. l a
l i
a
12,000 16,000

et
assaa s aa
s s aa
s
Cash in hand 800 1,500
Furniture
aaddaa ad
a a
d a 40,000 40,000
. P
.P . P
. P

.N
Plant
w w
w www 80,000 80,000
www www
KR had withdrawn ₹ 50,000 for his personal use. He had introduced ₹16,000 as capital for expansion of his
business. A provision of 5% on debtors is to be made. Plant is to be depreciated at 10%

tt
lai tt
10) From the following details find out total sales made during the year.

i N
.i. Nee
Debtors on 1st April 2022 -₹50,000
i N
.i. Nee i
Returns inward -₹15,000
l a
l a l a
l a l a
l a
sa
assaa aadd
₹ sa
a s a
Cash received from debtors during the year - 1,50,000
a ₹
aaddaassaa
Bad debts - 5,000

w
₹
w . P
. P
Debtors on 31st March 2023 - 70,000
w
w . P
. PCash Sales 1,40,000

w
www w
www ₹
da

11) From the following particulars, calculate total sales.

Particulars ₹ Particulars

Debtors on 1st April 2021 1,50,000 Bills receivable dishonoured 10,000

Pa

N eett
Sundry debtors on 31st March,2022
N N Neett1,30,000 Sales return 40,000

l a
l i
a .i.Bills receivable on 31st March, 2022
l a
lai .i. l a
l i
a
30,000 Cash received from debtors 3,90,000

assaa Cash sales

ad
adaassaa aasaa
s
2,00,000 Bills receivable on 1st April 2021
aadd 40,000
w.

. P
. P
Cash received for bills receivable
ww w
w . P
.
90,000
P
w
www w
www
ww

12) From the following particulars calculate total purchases.

Particulars ₹ Particulars ₹

N eett
Sundry creditors on 1st April, 2022
N N Neett 75,000 Paid cash to creditors 3,70,000

l a
l i
a .i.Bills payable on 1st April, 2022
l a
lai.i. l a
l i
a
60,000 Purchases returns 15,000

assaa Creditors on 31st March, 2023

aaddaasaa
s d a
d s
a aa
s
50,000 Paid for bills payable
aa
1,00,000

.P. P
Bills payable on 31st March, 2023
w
w w
w. P
. P
80,000 Cash purchases 3,20,000
w
www w
www

N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa aa aa
K.PUSHPARASU M.Com., M.Phil, B.Ed.,,, ACCOUNTANCY 11_ STD Page 3
P.G.T IN COMMERCE & ACADEMIC CO-ORDINATOR,
d d aas s K V MATRIC. HR. SEC. SCHOOL,
daass COIMBATORE – 641 107

Kindly send me your PP a a

questions and answerkeys to us : PP da
Padasalai.Net@gmail.coma
 ww.. w
w ..
wwww wwww
www.Padasalai.Net - No.1 Educational Website in Tamilnadu
TODAY’S LEARNER! KVMHSS TOMMORROW’S LEADER!!!

K V MATRIC.HR.SEC. SCHOOL
N Ne e t t CREATIVITY * PROSPERITY* NNeett
ACHIEVEMENT
lalai .i.546, SATHY MAIN ROAD, KURUMBAPALAYAM,
l a
l i
a .i. COIMBATORE – 641 107 lalai
assaa aa aa .

ddaass d da s
a s
**********************************************************************************************

. P
. Paa .P.P a
13) From the following details you are required to calculate credit sales and credit purchases by preparing total debtors
a
www w ww
account, total creditors account, bills receivable account and bills payable account.

www Particulars ww
Opening (₹) w Closing (₹)
Debtors 60,000 55,000
Bills receivable 5,000 1,000

N Nett
e N Neett
lalai.i. Creditors
l a
l ai .i. l a
l i
a
25,000 28,000

et
assaa s aa
s s aa
s
Bills payable 2,000 3,000

aaddaa ad
a a
d a
. P
.P . P
. P

.N
Other information:
w w
w www
wwwParticulars (₹) www (₹) Particulars

Cash received from debtors 1,30,000 Cash paid to creditors 70,000

l a
l i
a N
.i. Neett Discount allowed to customers
lai
Cash received for bills receivable

l a
l i
a N
.i. Neett 14,000 Bad debts

l a
l i
5,500 Bills receivable dishonoured
a
3,500
1,200
sa
assaa aaddaa
Discount allowed by suppliers
saa
s
aaddaassaa
3,500 Payments against bill payable 7,000

ww. P
. P w
w . P
. P
w
www w
www
da

14) From the following details of AJP who maintains incomplete records, prepare Trading and Profit and Loss account for
the year ended 31st March, 2023 and a Balance Sheet as on the date.
Pa

N Neett Particulars

N Neet t
Opening (₹) Closing (₹)

l a
l i
a .i. Stock
l a
lai .
i . l a
l i
a1,00,000 50,000

assaa Sundry debtors

ad
adaassaa
a ad da s
a aa
s 2,50,000 3,50,000
w.

Cash
ww. P
. P w
w . P
. P 25,000 40,000

Furniture
Sundry creditors
w
www www w 10,000
1,50,000
10,000

1,75,000
ww

Other details:

N Neett Particulars
N Neet t (₹) (₹) Particulars

l a
l i
a .i. Cash received from debtors
l a
lai.i. l
5,35,000 Drawings
a
l i
a 40,000

assaa Sundry expenses

aaddaasaa
s a as aa
s
30,000 Discount received
ad
a d 20,000

.P.
Capital as on - 01.04.2023
w
w P w
w. P
. P
2,35,000 Discount allowed 25,000

w
www
Cash paid to creditors w
www 4,50, 000

N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa aa aa
K.PUSHPARASU M.Com., M.Phil, B.Ed.,,, ACCOUNTANCY 11_ STD Page 4
P.G.T IN COMMERCE & ACADEMIC CO-ORDINATOR,
d d aas s K V MATRIC. HR. SEC. SCHOOL,
daass COIMBATORE – 641 107

Kindly send me your PP a a

questions and answerkeys to us : PP da
Padasalai.Net@gmail.coma
 ww.. w
w ..
wwww wwww
www.Padasalai.Net - No.1 Educational Website in Tamilnadu
TODAY’S LEARNER! KVMHSS TOMMORROW’S LEADER!!!

K V MATRIC.HR.SEC. SCHOOL
N Ne e t t CREATIVITY * PROSPERITY* NNeett
ACHIEVEMENT
lalai .i.546, SATHY MAIN ROAD, KURUMBAPALAYAM,
l a
l i
a .i. COIMBATORE – 641 107 lalai
assaa aa aa .

ddaass ddaass
**********************************************************************************************

. P
. Paa .P.Paa
www w w
w
15) AK carries on grocery business and does not keep his books on double entry basis. The following particulars have been

www
extracted from his books. www
Particulars 01.04.2022 (₹) 31.03.2023 (₹)
Plant and machinery 20,000 20,000

N Nett
e N Neett
lalai.i. Stock
l a
l i
a .i. l a
l i
a
9,000 16,000

et
assaa s aa s aa
Sundry debtors 2,000 5,300

ddaa s d a
d a s
Sundry creditors
. P
.Paa . P
. Paa 5,000 4,000

.N
Cash at bank
w w
w www 4,000 6,000

www www
Other information for the year ending 31-03-2023 showed the following:

tt
lai t
Particulars (₹) (₹) Particulars

N Nee N Nee t
l a
l i
a .i. Total sales
l a
l i
a .
i . l a
l i
85,000 Purchases returns
a 2,000
sa
assaa Sales returns
Advertising aaddaasaa
s
aaddaas aa
s
1,000 Provide for doubtful debts
4,700 Carriage inwards
300
8,000
ww. P
. P w
w . P
. P
w
www
Cash paid to creditors
w
www
64,000 Drawings 2,000
da

Depreciate plant and machinery by 5%.

Prepare trading and profit and loss account for the year ending 31st March, 2023 and a balance sheet as on the date.
Pa

N Neett N Neett THEORY

l a
l i
a .i. l a
lai .i. l a
l i
a
assaa aa aa
16)What is meant by incomplete records?

ddaass ddaass
17) State the accounts generally maintained by small sized sole trader when double entry accounting system is not followed.
aa aa
w.

ww. P
. P
18) What is a statement of affairs?
w
w . P
. P
w
www
19)What are the features of incomplete records? w
www
ww

20) What are the limitations of incomplete records?

21)State the differences between double entry system and incomplete records.

N Neett N Neett
22) Differentiate between statement of affairs and balance sheet

l a
l i
a .i. l a
lai.i. l a
l i
a
assaa Prepared by: aa aa
****************************************************************************************************************************************

ddaass d a
d s
a s
.P. P aa . P
. Paa
w w
K.PUSHPARASU M.Com., M.Phil, B.Ed.,,,
w w w
w
www
P.G.T IN COMMERCE & ACADEMIC CO-ORDINATOR, www
K V MATRIC. HR. SEC. SCHOOL, KURUMBAPALAYAM,
COIMBATORE – 641 107, Mob. No. 93857 – 63859.

N Neett N N e e tt
lala .i. l a
l i
a .i.
***************************************************************************************************************************************
i l a
l i
a
assaa aa aa
K.PUSHPARASU M.Com., M.Phil, B.Ed.,,, ACCOUNTANCY 11_ STD Page 5
P.G.T IN COMMERCE & ACADEMIC CO-ORDINATOR,
d d aas s K V MATRIC. HR. SEC. SCHOOL,
daass COIMBATORE – 641 107

Kindly send me your PP a a

questions and answerkeys to us : PP da
Padasalai.Net@gmail.coma