11th ACCOUNTANCY PADVIKSHA BLOG ONLINE TEST
TOTAL MARKS: 30
DURATION: 1:30 Hours
PART A - 15 MARKS
ATTEND ALL QUESTIONS
I- MCQ MULTIPLE CHOICE QUESTIONS: EACH QUESTION CARRIES 1 MARK ( TOTAL MARKS - 5)
1. ‘Cash withdrawn by the proprietor from the business for his personal use’ causes
(a) Decrease in assets and decrease in owner’s capital
(b) Increase in one asset and decrease in another asset
(c) Increase in one asset and increase in liabilities
(d) Increase in asset and decrease in capital
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2. Prepaid rent is a
(a) Nominal A/c
(b) Personal A/c
(c) Real A/c
(d) Representative personal A/c
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3. J.F means
(a) Ledger page number
(b) Journal page number
(c) Voucher number
(d) Order number
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4. Main objective of preparing ledger account is to
(a) Ascertain the financial position
(b) Ascertain the profit or loss
(c) Ascertain the profit or loss and the financial position
(d) Know the balance of each ledger account
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5. A firm has assets of ` 1,00,000 and the external liabilities of ` 60,000. Its capital would be
(a) ` 1,60,000
(b) ` 60,000
(c) ` 1,00,000
(d) ` 40,000
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II - SHORT ANSWER QUESTIONS - TOTAL- 10 MARKS - EACH QUESTION CARRIES 2 MARKS
1. Enter the following transactions in the journal of Manohar who is dealing in textiles: 2018
March
date
1 Manohar started business with cash 60,000
2 Purchased furniture for cash 10,000
3 Bought goods for cash 25,000
6 Bought goods from Kamalesh on credit 15,000
8 Sold goods for cash 28,000 10 Sold goods to Hari on credit 10,000
14 Paid Kamalesh 12,000
18 Paid rent 500 25 Received from Hari 8,000
28 Withdrew cash for personal use 4,000
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2. Give the golden rules of double entry accounting system.
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3. Deepak is a dealer in stationery items. From the following transactions, pass journal entries for the month of January and February, 2018.
Jan. `
1 Commenced business with cash 2,00,000
2 Opened a bank account by depositing cash 1,00,000
3 ‘A 4 papers’ sold on credit to Padmini and Co. 60,000
4 Bills received from Padmini and Co. for the amount due
5 Bills received from Padmini and Co. discounted with the bank 58,000
Feb.
15 Bills of Padmini and Co. dishonoured
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4. The following balances appeared in the books of Vinoth on Jan 1, 2018 Assets: Cash ` 40,000; Stock ` 50,000; Amount due from Ram ` 20,000; Machinery ` 40,000 Liabilities: Amount due to Vijay ` 10,000 Pass the opening journal entry and post them to Vinoth’s Capital account.
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5. What is Debit and Credit balance?
PART B - 15 MARKS
EACH QUESTION CARRIES 5 MARKS
1. Enter the following transactions in the books of Ganesan and post them into ledger. 2017 `
Oct
1 Started business with cash 25,000
5 Deposited into bank 12,500
10 Purchased furniture and payment by cheque 2,000
15 Goods purchased for cash 5,000
19 Sold goods to Vasu on credit 4,000
22 Goods worth Rs. 500 taken for personal use
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2. Give Journal entries for the following transactions and post them to Cash a/c and Sales A/c.
2017 `
Aug
10 Sold goods and cheque received but not deposited 30,000
14 Sold goods on credit to Gopi 12,000
20 Received cash from Gopi 12,000
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3. Briefly explain about steps in journalising.
!!ALL THE BEST EVERYONE!!