Sub. code 103
NEB — GRADE XI
Set A
Model Question
Class 11 Accounting Model Question Set A
The candidates are required to give their answers in their own words as far as practicable. The figures in the margin indicate full marks.
Pass Marks : 32
सबै प्रश्नको उत्तर दिनुहोस् । (Attempt All Questions)
This model question paper is for Class 11 Accounting, Set A (subject code 103), carrying full marks of 75 with a pass mark of 32, to be completed within 3 Hours. Model answers are available for questions that have one — reveal them with a free account (a few reveals) or a paid plan (unlimited).
Group A
Very short answer question
Define accounting and mention any one of its functions.
What is meant by the business entity concept?
State any two advantages of maintaining a bank account for a business.
What is a journal proper?
Define petty cash book.
What is meant by a suspense account?
Define depreciation.
What is a statement of affairs?
Mention any one feature of a non-profit-making organization.
What is a journal voucher in government accounting?
State the meaning of budget head in government accounting.
Group B
Short Answer Questions
A. State accounting process in brief.
B. Prepare accounting equation from following details :
a. Started business with cash Rs. 200,000 and furniture Rs. 500,000.
b. Purchase goods worth Rs. 80,000 on cash and Rs. 70,000 on credit.
c. Paid house rent Rs. 90,000.
d. Sold goods costing Rs. 20,000 on cash Rs. 25,000.
Prepare a double-column cash book from the following transactions.
Baisakh 1: Started business with cash Rs. 1,50,000 and bank balance Rs. 2,50,000.
Baisakh 5: Purchased goods for Rs. 45,000 by cheque.
Baisakh 10: Deposited cash Rs. 60,000 into bank.
Baisakh 18: Received a cheque of Rs. 35,000 from a customer and deposited it into bank.
Baisakh 25: Withdrew Rs. 20,000 from bank for office use.
Baisakh 29: Paid office rent Rs. 12,000 in cash.
Prepare a Bank Reconciliation Statement from the following particulars.
Bank Reconciliation Statement
a. Balance as per Cash Book Rs. 95,000.
b. Cheques amounting to Rs. 48,000 were issued, but only Rs. 30,000 were presented for payment.
c. Cheques of Rs. 65,000 were deposited, but only Rs. 42,000 were credited by the bank.
d. Bank collected interest Rs. 4,500.
e. Bank charges Rs. 1,200.
f. A customer directly deposited Rs. 15,000 into the bank account.
Rectify the following accounting errors and calculate the provision for doubtful debts.
a. Rectify the following errors.
i. Furniture purchased for Rs. 30,000 was debited to Purchases Account.
ii. Goods sold to Hari for Rs. 18,000 were recorded in his account as Rs. 8,000.
iii. Repairs of machinery Rs. 6,000 were debited to Machinery Account.
b. Calculate the new provision for doubtful debts and the amount charged to Profit and Loss Account.
Given:
Sundry Debtors = Rs. 80,000
Existing Provision = Rs. 3,000
Further Bad Debts = Rs. 5,000
New Provision Rate = 5%
A. An unadjusted trial balance of 'A' trading concern is given below
:
Particulars | Debit (Rs.) | Particulars | Credit (Rs.) |
Land and building | 4,00,000 | Capital | 4,25,000 |
Debtors | 2,25,000 | Creditors | 1,20,000 |
Bank balance | 1,45,000 | Sales | 5,15,000 |
Salary | 80,000 | Loan | 2,50,000 |
Office expenses | 40,000 | ||
Purchase | 3,80,000 | ||
Cash | 25,000 | ||
Prepaid insurance | 15,000 | ||
Total | 13,10,000 | Total | 13,10,000 |
Additional information:
a. Land appreciated by
b. Salary outstanding Rs. 1,500
c. Prepaid insurance expired Rs. 10,000
Required: Adjusted Trial Balance
Prepare Machinery Account for three years under the Straight-Line Method.
A company purchased machinery for Rs. 5,00,000 on 1st January 2023. On 1st July 2024, additional machinery costing Rs. 2,00,000 was purchased. Depreciation is charged at 10% per annum under the straight-line method. Accounts are closed on 31st December every year.
Prepare Profit and Loss Account and Balance Sheet from the following balances.
The following balances are extracted from the books of Everest Traders on 31st Ashadh 2082.
Debit Balances | Amount (Rs.) | Credit Balances | Amount (Rs.) |
|---|---|---|---|
Salaries | 45,000 | Gross Profit b/d | 1,20,000 |
Rent | 18,000 | Creditors | 35,000 |
Insurance | 12,000 | Bank Loan | 80,000 |
Debtors | 65,000 | Capital | 2,00,000 |
Machinery | 2,00,000 | ||
Cash | 30,000 | ||
Furniture | 50,000 | ||
Advertisement | 15,000 | ||
Total | 4,35,000 | Total | 4,35,000 |
Adjustments:
a. Outstanding salaries Rs. 5,000.
b. Prepaid insurance Rs. 3,000.
c. Depreciation on machinery 10% and furniture 5%.
d. Create a provision for doubtful debts at 5%.
Prepare Income and Expenditure Account of a Non-Profit-Making Organization.
The following Receipts and Payments Account of a social welfare club is given for the year ended 31st Ashadh 2082.
Receipts | Amount (Rs.) | Payments | Amount (Rs.) |
|---|---|---|---|
Opening Cash Balance | 20,000 | Salaries | 35,000 |
Subscriptions | 90,000 | Rent | 24,000 |
Entrance Fees | 25,000 | Sports Expenses | 18,000 |
Donations | 40,000 | Printing and Stationery | 8,000 |
Interest Received | 5,000 | Furniture Purchased | 50,000 |
Closing Cash Balance | 45,000 | ||
Total | 1,80,000 | Total | 1,80,000 |
Adjustments:
a. Outstanding subscriptions Rs. 10,000.
b. Outstanding salaries Rs. 5,000.
c. 50% of entrance fees are to be capitalized.
d. Depreciation on furniture Rs. 5,000.
Calculate profit or loss under the Single Entry System and prepare government journal vouchers.
a. The following information is available from a business maintaining accounts under the Single Entry System.
Particulars | Beginning (Rs.) | Ending (Rs.) |
|---|---|---|
Cash | 25,000 | 40,000 |
Debtors | 60,000 | 85,000 |
Stock | 75,000 | 95,000 |
Furniture | 1,20,000 | 1,10,000 |
Creditors | 50,000 | 65,000 |
Bank Loan | 40,000 | 30,000 |
Additional information:
Additional Capital = Rs. 30,000
Drawings = Rs. 24,000
Required: Calculate profit or loss using the Statement of Affairs Method.
b.Pass necessary journal vouchers for the following government transactions.
i. Paid office rent Rs. 20,000 through DTCO.
ii. Purchased office furniture worth Rs. 45,000 through DTCO.
On 1 st January, 2018 ABC Company purchased a motor van at Rs. 6,00,000. On 1 st July, 2019, company purchased another van worth Rs. 8,00,000. On 1 st July 2020, the first motor van was sold bearing the loss of Rs. 50,000 and on the same date company purchased another van for Rs. 10,00,000. Depreciation was charged @ 10% p.a. under fixed installment method. The accounts of the company were closed on 31 st December each year.
Required: Motor Van account for the first three years
Group C
Long Answer Questions
The following transactions of Himalayan Enterprises took place during the month of Baisakh 2082:
Baisakh 1: Started business with cash Rs. 3,00,000.
Baisakh 3: Purchased goods on credit from Ramesh Rs. 80,000.
Baisakh 8: Sold goods for cash Rs. 65,000.
Baisakh 12: Purchased furniture for cash Rs. 35,000.
Baisakh 18: Paid Ramesh Rs. 48,000 in full settlement of his account of Rs. 50,000 and received discount of Rs. 2,000.
Baisakh 22: Paid office expenses Rs. 12,000.
Baisakh 28: Withdrew cash for personal use Rs. 15,000.
Required:
a. Prepare journal entries. [3]
b. Prepare Cash Account and Ramesh Account. [3]
c. Prepare a Trial Balance as on Baisakh 28, 2082. [2]
The following information relates to Annapurna Trading Concern for the year ended 31st Ashadh 2082. Prepare the Statement of Profit or Loss and Statement of Financial Position from the following balances and adjustments.
Trial Balance
Particulars | Amount (Rs.) |
|---|---|
Sales | 7,50,000 |
Cost of goods sold | 4,50,000 |
Commission income | 15,000 |
Salaries | 85,000 |
Rent | 36,000 |
Advertisement | 24,000 |
Machinery | 3,00,000 |
Furniture | 80,000 |
Debtors | 1,20,000 |
Cash at bank | 75,000 |
Capital | 3,20,000 |
Drawings | 20,000 |
Bank loan | 1,50,000 |
Creditors | 90,000 |
Additional Information
Closing stock was valued at Rs. 1,40,000.
Commission income accrued but not yet received was Rs. 5,000.
Salaries outstanding amounted to Rs. 10,000.
Rent prepaid amounted to Rs. 6,000.
Advertisement was fully paid during the year.
Depreciation on machinery was Rs. 30,000.
Depreciation on furniture was Rs. 4,000.
A provision for doubtful debts of Rs. 6,000 is to be created.
The Trial Balance has a credit excess of Rs. 25,000. Use a debit suspense balance provisionally.
Required:
a. Prepare the Statement of Profit or Loss for the year ended 31st Ashadh 2082. [4]
b. Prepare the Statement of Financial Position as on 31st Ashadh 2082. [4]
What is Government Accounting?Explain the Features of the New Government Accounting System (NGAS)
The following budget and expenditure details relate to a government office for the month of Chaitra 2082.
Budget Head | Annual Budget (Rs.) | Expenditure up to Falgun (Rs.) | Chaitra Expenditure (Rs.) |
|---|---|---|---|
Employee Remuneration | 9,00,000 | 5,80,000 | 75,000 |
Office Materials | 1,50,000 | 85,000 | 20,000 |
Water and Electricity | 80,000 | 45,000 | 8,000 |
Travelling Expenses | 1,20,000 | 65,000 | 15,000 |
House Rent | 2,40,000 | 1,60,000 | 20,000 |
Furniture and Fixtures | 3,00,000 | 1,80,000 | 45,000 |
Total | 17,90,000 | 11,15,000 | 1,83,000 |
Additional information: Travelling advance of Rs. 10,000 remains outstanding for settlement.
Required:
a. Prepare a Statement of Expenditure for the month of Chaitra 2082. [5]
b. Explain any three objectives of the New Government Accounting System (NGAS). [3]
Paper Overview & Analysis
Set A
Year
Model Question
Type
75
Full Marks
32
Pass Marks
3 Hours
Duration
22
Question Items
Question Type Breakdown
Group Breakdown
Chapter Breakdown
| Book Keeping & Accounting | 3 items | 2 marks |
| Subsidiary books | 2 items | 2 marks |
| Government accounting | 2 items | 2 marks |
| Double entry system and accounting equation | 1 item | 1 mark |
| Accounting for non profit organizations | 1 item | 1 mark |
| Cash book | 1 item | 5 marks |
Chapter breakdown covers 10 of 22 question items on this paper — the rest aren't tagged to a chapter yet.