Ahsec Class 11 Accountancy Question Paper - 2025| ASSEB BOARD
2025
ACCOUNTANCY
(Commerce)
Full Marks: 80
Pass Marks: 24
Time: 3 hours
The figures in the margin indicate
full marks for the questions
PART-A
(Marks: 40)
Choose the correct answer: 1x40=40
1. According to going-concern concept, a business is
viewed as having
(a) a limited
life
(b) a very long
life
(c) an
indefinite life
(d) None of the
above
2. A Balance Sheet shows the financial position of a firm
(a) for a given
period
(b) on a
particular point of time
(c) over the
years
(d) for the
whole life of the firm
3. Recording of the business transactions in a systematic
way is called
(a) Accounting
(b) Recording
(c) Journalizing
(d) Book-keeping
4. The amount drawn by a businessman for his personal use
is
(a) capital
(b) drawing
(c) expenditure
(d) loss
5. In India, the Accounting Standard Board was set up in
the year
(a) 1972
(b) 1977
(c) 1956
(d) 1932
6. Which of the following is a cash transaction?
(a) Sold goods
(b) Sold goods
to Mr. Ram
(c) Sold goods
to Mrs. Sita on credit
(d) Sold goods
to Mr. Laxman on account
7. Ledger is a book of ______in Accounting.
(a) all non-cash
transactions
(b) secondary
entry
(c) original
entry
(d) all cash
transactions
8. Return of goods by a customer is recorded in
(a) purchase
book
(b) sales book
(c) sales return
book
(d) purchase
return book
9. Credit balance of the Bank A/c in the cashbook shows
(a) overdraft
(b) cash
deposited into our bank
(c) cash is
withdrawn from the bank
(d) None of the
above
10. Drawings falls under
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) None of the
above
11. Bank Reconciliation Statement compares with a bank
(a) cash payment
journal
(b) cash receipt
journal
(c) financial
statement
(d) cashbook
12. If the Trial Balance does not tally after many
efforts, then the
(a) Purchase A/c
(b) Suspense A/c
(c) Sales A/c
(d) None of the
above ________is opened.
13. If wages paid for the installation of new machinery
is debited to the Wages A/c, it is
(a) Error of
commission
(b) Error of
principle
(c) Compensating
error
(d) Error of
omission
14. How many methods are there for preparing a Trial
Balance?
(a) One
(b) Three
(c) Four
(d) None of the
above
15. The loss of sales of assets is
(a) debited to
Profit & Loss A/c
(b) reflected in
Trial Balance credit side
(c) reflected in
Balance Sheet
(d) debited to
Trading A/c
16. Depreciation is charged on
(a) Current
Assets
(b) Fixed Assets
(c) both Current
Assets and Fixed Assets
(d) None of the
above
17. Which of the following methods of depreciation is not
recognized by Income-tax Law?
(a)
Straight-line method
(b)
Diminishing-balance method
(c) Both SLM and
DBM
(d) None of the
above
18. Choose the correct chronological order of
ascertainment of the following profits from the Profit & Loss A/c:
(a) Operating
Profit, Net Profit, Gross Profit
(b) Operating
Profit, Gross Profit, Net Profit
(c) Gross
Profit, Operating Profit, Net Profit
(d) Gross
Profit, Net Profit, Operating Profit
19. Direct expenses are entered in
(a) Trading A/c
(b) Profit &
Loss A/c
(c) Balance
Sheet
(d) None of the
above
20. Generally, incomplete records are maintained by
(a) trader
(b) society
(c) company
(d) government
21. Liabilities and assets amount 50,000 and 78,000
respectively. The difference amount will represent
(a) creditors
(b) debtors
(c) profit
(d) capital
22. Incomplete record mechanism of Book-keeping is
(a) scientific
(b) unscientific
(c) unsystematic
(d) Both (a) and
(b)
23. The Trading and Profit & Loss A/c is prepared
under
(a) summarizing
(b) recording
(c) classifying
(d) analysis and
interpretation
24. Which of the following statements is correct?
(a) Book-keeping
is a part of Accounting.
(b) Accounting
is a part of Book-keeping.
(c) The terms
'Book-keeping' and 'Accounting' can be used interchangeably.
(d) Book-keeping
is not a part of Accounting.
25. A liability arises because of
(a) credit
transaction
(b) cash
transaction
(c) both cash
and credit transactions
(d) None of the
above
26. Which of the following is not the qualitative
features of Accounting?
(a) Completeness
(b) Reliability
(c)
Understandability
(d) Relevance
27. The pioneer of Accounting is
(a) Arthur Field
(b) Gitman
(c) William
Pickles
(d) Luca Pacioli
28. Which of the following accounts will be credited if
machinery is purchased for cash?
(a) Capital A/C
(b) Fixed Assets
A/c
(c) Machinery
A/c
(d) Cash A/c
29. Amortization refers to writing off
(a) depleting
assets
(b) wasting
assets
(c) intangible
assets
(d) fictitious
assets
30. A person who owes money to the firm is called:
(a) debtor
(b) owner
(c) creditor
(d) None of the
above
31. Out of the following, which is not a provision?
(a) Provision
for Doubtful Debt
(b) Provision
for Discount on Debtors
(c) Dividend
Equalization Reserve
(d) Provision
for Depreciation
32. The term 'Financial Statement' covers
(a) Profit &
Loss Statement
(b) Balance
Sheet and Profit & Loss Statement
(c) Balance
Sheet and Profit & Loss Appropriation A/c
(d) All of the
above
33. How would revenue from sale of goods and services be
classified?
(a) Operating
outflow
(b) Operating
inflow
(c) Investing
inflow
(d) Financing
inflow
34. Which of the following would not affect Bank
Reconciliation Statement?
(a) Dishonoured
cheque
(b) Discount
received
(c) Bank
interest
(d) Cheque not
presented
35. Overdraft means _______balance of cashbook.
(a) closing
(b) debit
(c) opening
(d) credit
36. Rent paid is a
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) Liabilities
A/c
37. Recording is made in Journal Proper of
(a) opening
entries
(b) closing
entries
(c) adjustment
entries
(d) All of the
above
38. The sales book is a part of
(a) Journal
(b) Trading A/c
(c) Balance
Sheet
(d) Ledger
39. Purchase of furniture on credit is recorded in
(a) Journal
Proper
(b) Sales Book
(c) Cashbook
(d) Purchase
Book
40. Trial Balance is a/an
(a) account
(b) statement
(c) information
(d) None of the
above
PART-B
(Marks: 40)
Answer any five of the following questions: 2x5=10
41. Write the meaning of Accounting.
42. What is GAAP?
43. Write two types of source document.
44. Mention two functions of Trial Balance.
45. Mention two functions of Provision for Bad and Doubtful
Debt.
46. What is entity assumption?
47. Mention two types of transactions recorded in Journal
Proper.
48. What is journalizing?
49. What is incomplete record?
50. What is capital expenditure?
Answer any five of the following questions: 3x5=15
51. Explain three features of petty cashbook.
52. Explain any three needs for preparing a Bank
Reconciliation Statement.
53. Explain any three limitations of GAAP.
54. Mention any three distinctions between Cash Basis and
Accrual Basis of Accounting.
55. What is meant by adjustment entry in Final Accounts?
Give two examples of adjustment entry.
56. How is profit or loss ascertained by Statement of
Affairs method in case of incomplete records?
57. Journalize the following transactions:
|
Date |
Particulars |
|
2024 April |
|
|
1 |
Commenced
business with cash - ₹1,00,000 |
|
3 |
Purchased
goods from Sarma Store - ₹15,000 on credit |
|
5 |
Withdrawn
cash from bank for office use - ₹5,500 |
58. Mention any three objectives of Goods and Services Tax.
Answer any three of the following questions: 5x3=15
59. Prepare Triple-column Cashbook with the following
transactions:
|
Date |
Particulars |
Amount (₹) |
|
2024 April |
|
|
|
1 |
Started business
with cash |
2,50,000 |
|
2 |
Deposited cash
into bank |
1,00,000 |
|
3 |
Bought goods
by cheque |
1,500 |
|
4 |
Received cheque
from Mr. Gupta |
5,000 |
|
|
Allowed him
discount |
250 |
|
12 |
Paid into bank
in cash |
3,000 |
|
|
Paid into
bank Mr. Gupta’s cheque |
5,000 |
|
25 |
Drew from
bank for office use |
2,000 |
|
30 |
Paid wages in
cash |
400 |
60. Pass Journal Entries to rectify the following errors:
(i) ₹850
received from Saurav was debited to Gaurav A/c.
(ii) Goods of ₹750
withdrawn for personal use was not recorded in the books.
(iii) ₹380 being
purchase return was posted to the debit of Purchase A/c.
61. Prepare a Bank Reconciliation Statement as on 31st
December, 2023 from the following particulars:
(i) Bank balance
as per passbook - ₹5,240
(ii) Cheque
issued but not presented for payment - ₹4,050
(iii) Cheques
deposited but not entered in the passbook - ₹1,400
(iv) Bank
debited ₹80 as bank charges.
(v) ₹5,000
wrongly credited by bank in our passbook.
(vi) Bank
interest credited by bank - ₹250
(vii) Bills
receivable ₹950 discounted but later dishonoured and no entry has been passed
in the cashbook for this.
62. From the following Trial Balance of M/s Kalita
Enterprise as on 31st December, 2023, prepare –
(a) Trading and
Profit & Loss A/c for the year ended 31st December, 2023; and
(b) Balance
Sheet as on that date:
Trial Balance
As on 31st
December, 2023
|
Particulars |
Debit (₹) |
Credit (₹) |
|
Bad Debts |
600 |
|
|
Advertisement
|
2,000 |
|
|
Building |
18,000 |
|
|
Drawings |
3,000 |
|
|
Opening Stock |
8,400 |
|
|
Sundry
Debtors |
15,000 |
|
|
Salaries |
12,400 |
|
|
Bills Receivables |
6,000 |
|
|
Rent |
3,500 |
|
|
Carriage Inwards |
1,450 |
|
|
Furniture |
4,950 |
|
|
Wages |
6,400 |
|
|
Purchases |
38,000 |
|
|
Octroi Duty |
875 |
|
|
Purchase Return |
|
1,400 |
|
Provision for
Doubtful Debts |
|
400 |
|
Sales |
|
66,275 |
|
Interest Received |
|
400 |
|
Creditors |
|
4,200 |
|
Outstanding wages |
|
900 |
|
Capital |
|
45,000 |
|
Total |
1,20,575 |
1,20,575 |
Adjustments:
(i) Salaries
Prepaid - ₹400
(ii) Closing
Stock - ₹9,750
(iii) Make
Provision for Bad Debt - ₹500
63. Distinguish between (any two) 22x2=5
(a) Capital
Expenditure and Revenue Expenditure
(b) Capital
Receipts and Revenue Receipts
(c) Capital
Profit and Revenue Profit
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