HS 1st Year Book Keeping and Accountancy Question Paper 2022 | AHSEC Class 11 Accountancy Question Paper'2022 Commerce

AHSEC Class 11 Book Keeping and Accountancy  Question Paper 2022: In this page we have presented you the Book Keeping and Accountancy Question Paper 2022 Assam higher Secondary Education Council Examination.


HS 1st Year Book Keeping and Accountancy Question Paper 2022 | AHSEC Class 11 Accountancy Question Paper'2022 Commerce


[Class 11 Accountancy Question Paper, AHSEC Question Papers, Accountancy, 2022]


AHSEC HS 1ST YEAR QUESTION PAPERS

ACCOUNTANCY' 2022

Full Marks: 100

Pass Marks: 30

Time: Three hours

The figures in the margin indicate full marks for the questions

1. Fill in the blanks/Choose the correct answer/Write True or False of the following:     1x8=8

(a)       Accounting records only the transactions of _______ nature. 

(b)       The convention of conservation results in under-statement of _______. 

(c)        The rule for Personal Account is _______ the receiver and _______ the giver. 

(d)       Trial Balance is an account / a statement / an information. 

(e)       The sale value of an asset after it becomes useless is called _______. 

(f)        A bill of exchange is a conditional document. 

(g)       Outstanding rent is a revenue / liability. 

(h)       The full form of CPU is _______. 

2. Define Accounting.                     2

3. What is entity assumption?                     2

4. What is the principle of double-entry system of book-keeping?                              2

5. What is Suspense Account?                    2

6. What is the function of Provision for Bad and Doubtful Debts?                                2

7. Write three distinctions between Bill of Exchange and Promissory Note.                             3

8. What is meant by adjustment entry in final accounts? Give two examples of adjustment entry.               3

9. Write three limitations of incomplete records.                               3

Or

Mention three qualitative characteristics of accounting information. 

10. Explain money measurement concept.                            3

11. Explain three benefits of computerized accounting system.                   3

Or

Write three uses of database management system. 

12. What is accounting standard? Mention its three importances.                              5

13. Show the distinction between Journal and Ledger.                     5

Or

From the following particulars, prepare Sales Book of M/s Sharma Enterprise, deals in furniture: 

                 

Date

   

March 6

Sold  on credit to Bimal Stores 

 

5  almirah @ Rs. 650

 

5  tools @ Rs. 50

 

Less:  5% Trade Discount

March 12

Sold  to Bora Furniture House 

 

100  chairs @ Rs. 75

 

40  tables @ Rs. 60

 

Less:  Trade Discount 10%

March 18

Sold  on credit two old typewriters to Madan and Co. @ Rs. 800

March 28

Sold  to Satyabrata Baishya in cash 

 

1  sofa set @ Rs. 750

 

1  dining set @ Rs. 900

14. On 1st April, 2003, A drew a three months’ bill for Rs. 10,000 on B, who accepted the same and returned it to A. On 4th May, 2003, A discounted the bill with his banker @ 6% p.a. On due date, the bill was dishonoured by B and bank incurred noting charges of Rs. 15. Pass necessary Journal Entries in the books of A.     5

Or

What is transaction processing system? Discuss. 

15. Show the distinctions between Book-keeping and Accountancy.                       5

Or

What do you mean by Generally Accepted Accounting Principles? Explain ‘Recognise all losses anticipate no gain’. 

16. From the following incomplete records of Mr. Bhuban, a trader, ascertain the profit or loss of his business for the year ended on 31.03.2014:                          5

On 31st March, 2014, his position was as follows: 

     
   

Rs. 

Plant  and Machinery 

 

Furniture  and Fixtures 

 

Bills  Receivable 

 

Sundry  Debtors 

 

Sundry  Creditors 

 

Closing  Stock 

 

Cash  in Hand 

 

Cash  at Bank 

50,000

 

22,000

 

7,900

 

27,500

 

14,700

 

32,000

 

1,200

 

6,700

During the year, Mr. Bhuban introduced Rs. 12,000 as additional capital and withdrawn Rs. 9,700 for personal use. His capital as on 1st April, 2013 was Rs. 99,750.

Or

Explain the principles of determining Capital expenditure and Revenue expenditure. 

17. Explain the errors not detected by a Trial Balance.                     5

Or 

The following errors were detected during the accounting year before preparation of Trial balance. Pass Journal entries to rectify them: 

(1)       Goods purchased from Gunin Kalita on credit Rs. 4,000 was recorded in the purchase book as Rs. 400.

(2)       Goods amounting Rs. 5,000 have been sold on credit to Ram but no entry has been made in the books. 

(3)       An amount of Rs. 6,000 spent for the erection of machinery has been debited to Wages Account. 

18. State five distinctions between Statement of Affairs and Balance Sheet.                           5

Or

Define Ledger. Explain its importance in recording of business transactions. 

19. Prepare a Bank Reconciliation Statement as on 31/12/2007 from the following particulars:                     8

(1)       Bank balance as on 31/12/2007 as per Cashbook was Rs. 27,000.

(2)       Cheque paid into bank on 25th December, 2007 Rs. 7,500 but not collected by bank before 31/12/2007.

(3)       Cheques worth Rs. 9,500 issued prior to 31/12/2007 were not presented to the bank till 31/12/2007.

(4)       Interest on deposit credited in the Passbook Rs. 250 but not recorded in the Cashbook. 

(5)       Bank charges Rs. 300 recorded in the Passbook only. 

Or

Write in brief on the following:                  2x4=8

(a)       Source document. 

(b)       Single-entry system. 

(c)        Balancing of original entry. 

(d)       Methods of charging depreciation. 

20. The Machinery A/c of a firm showed a balance of Rs. 75,000 on 01/01/2000. A part of the machinery (whose book value on 01/01/2000 was Rs. 5,000) was sold for Rs. 3,500 on 01/04/2000. On 01/09/2000 new machine was purchased with Rs. 24,000. The firm charges depreciation @ 10% p.a. under reducing balance method and accounts are closed on 31st December each year. Prepare Machinery A/c in the books of the firm.                             8

Or

Who is a holder of a negotiable instrument? Discuss the rights of a holder of a negotiable instrument. 

21. Write eight advantages of subdivision of Journal.                        8

Or

Prepare a Triple-column Cash Book from the following information: 

         

2014

   

Rs. 

Oct 1

 

‘’

 

Oct 4

 

Oct 7

 

Oct 9

 

Oct 10

 

Oct 18

 

Oct 23

 

Oct 25

 

Oct 30

Cash  in hand 

 

Cash  at bank 

 

Cash  Sales 

 

Deposited  into bank 

 

Received  cheque from Mr. Barua which is deposited into bank on the same day

 

Rent  paid by cheque 

 

Paid  by cheque to Mr. K Rs. 6,700 in full settlement of his debt of Rs. 7,000

 

Withdrawn  from bank for office use 

 

Withdrawn  from bank for personal use 

 

Salaries  paid 

6,000

 

38,000

 

25,000

 

15,000

 

8,000

 

3,000

 

7,000

 

3,000

 

2,000

 

6,000

22. Following is the Trial Balance of Rahul, a businessman, as on 31st December, 2004. You are required to prepare: 

(1)       Trading A/c. 

(2)       Profit and Loss A/c for the year ended on 31/03/2004 and a Balance Sheet as on that date:                          8

                     

Debit 

Rs. 

Credit 

Rs. 

Building  

 

Opening  Stock

 

Furniture  

 

Sundry  Debtors 

 

Plant  and Machinery 

 

Purchase  

 

Bills  Receivable 

 

Carriage  Inward 

 

Carriage  Outward 

 

Discount  allowed 

 

Bad  Debts 

 

Return  Inward 

 

Salaries  

 

Wages  

 

Cash  at Bank 

1,60,000

 

64,000

 

50,000

 

80,000

 

1,50,000

 

2,80,000

 

45,000

 

2,400

 

2,100

 

1,400

 

1,900

 

3,600

 

48,000

 

46,000

 

20,500

Sundry  Creditors 

 

Bills  Payable 

 

Return  Outward 

 

Provision  for Doubtful Debts 

 

Capital  A/c

 

Sales  

60,000

 

25,000

 

3,000

 

2,500

 

3,84,400

 

4,80,000

Total

9,54,900

Total 

9,54,900

Adjustments

(1)       Closing Stock Rs. 75,000.

(2)       Outstanding Salaries Rs. 6,000 and Outstanding Wages Rs. 5,000.

(3)       Provision for Bad Debt is to be maintained @ 5% on Sundry Debtors. 

(4)       Depreciation is to be provided as follows: 

(a)       On Building @ 2½ %. 

(b)       On Plant and Machinery @ 15%.

(c)        On Furniture @ 20%. 

***

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