XI B.K        Prelim       Nov. 2020          Marks 40      Time: 2 Hrs






Q.1) A) Fill in the blanks:                                                                                                 (05)

 

1)        ___________ discount is not recorded in the books of accounts.

a) Trade                     b) Cash                                 

c) GST                        d) VAT

 

2)        Recording of transaction in Journal is called ___________.

a) posting                  b) Journalising        

c) narration                d) prime entry

PADMA.jpg

3)        Every Journal entry require ___________.

a) casting                   b) posting                 

c) narration               d) journalising

 

4)         The amount withdrawn by the proprietor from the business for personal use should be debited to ________.            

            (a) Cash A/c              (b) Drawing A/c                   

(c) Bank A/c              (d) Capital A/c

 

5)         ________ is an account book in which business transaction are systematically recorded.

(a) Journal                (b) Cash book                      

(c) Ledger                  (d) Purchase book

 

B)        Write one word / term or phrase which can substitute each of the following statement.                                                                                                                        (05)

 

1)        Method of Accounting which records both aspects of transaction.

4)        Accounts of Assets and Properties.

5)        Accounts of Expenses and Losses and Incomes and Gains.

3)        A person to whom amount is payable.

5)        Excess of expenses over income

 

Q2:      Journalise the following transactions in the books of Ram Trading Company. (10)

2020

May

1          Started business with Cash ` 2,00,000 Bank Balance `4,00,000 and Building `3,00,000

3          Purchased goods from Ram of `50,000 at 18% GST.

5          Sold goods to Rakesh of `70,000 at 18% GST for Cash.

7          Paid for Repairs `5,000.

10        Placed an order with Ranveer and Sons for goods `60,000.

15        Paid for Wages `15,000

18        Purchased goods from Mohan of `1,00,000.

20        Paid for Conveyance Expenses `7,000

25        Purchased goods from Kishor of `50,000 at 28% GST and paid half the amount by Cheque.

31        Withdrew from Bank `10,000 for personal use.

 

Q3:     Journalise the following transactions in the books of Raj traders.        (10)

 

2020

April 1 Raj started business with Cash ` 4,00,000, Building ` 4,00,000.

PADMA.jpg4          Deposited Cash into Dena bank ` 70,000

7          Purchased Computer from Brijesh of ` 30,000 @ 18% GST and paid by Cheque.

10        Cash sales ` 90,000

12        Goods sold on credit to Ganesh ` 10,000 at 5% Trade Discount.

15        Ganesh returned goods of ` 950

18        Goods taken by Raj for his personal use ` 1,000

20        Paid Telephone Charges ` 500 and Taxi Fare ` 200 and carriage of ` 700

22        Paid Transport Charges ` 5,000.

24        Paid Audit Fees ` 5,000 by Cheque.

26        Purchased Furniture of ` 70,000 and amount paid by cheque @ 12% GST.

28        Sold Motor Car worth ` 1,00,000 @ 18% GST and amount received by cheque.

30        Paid cash to Riya ` 15,500, who allowed us discount ` 500.

 

Q4:     Define the following accounting terminologies:    (Any 5)                         (10)

1)        Goods                                    2) Creditors                                       3) Debtors

4)        Capital                                    5) Assets                                           6) Bad debts

7)         Solvent                                  8) Accounting year

 

 

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