12 TH STD QUESTION PAPER

ACCOUNTANCY Total marks;100

PART -A ONE MARKS [CHOOSE&FILL UP 10*1=10

1.INTREST ON CAPITAL IS DEBITED ON ……… ACCOUNT

2.PROVISON FOR BAD &DOUBTFULDEBTS ID DEDUCTED FROM ………IN THE BALANCE SHEET

3.OUTSTANDING EXPENSES SHOWN ON THE ……………SIDE OF BALANCE SHEET

4.PREPAID EXPENSES ARE SHOWN ON THE………………SIDE OF BALANCE SHEET

5.DEPRECIATION IS DEDUCTED FROM THE CONCERRNED……….IN THE BALANCE SHEET

FILL UPS

6.RETURN INWARD ARE DEDUCTED FROM ( a.purchase b.sales c.return outwards)

7.CLOSING STOCK IS SHOWN IN (a.trading a/c b.profit &loss a/c c. trading &profitloss a/c )

8.INTRESTON DRAWINGS IS DEDUCDEDFROM ( a.incom a/c b.capital a/c c.expenses a/c)

OPENING STOCK IS SHOWN IN (a.balancesheet b.p& ll a/c c.trading a/c )

10.ALL THE ITEMS GIVEN IN THE ADJUSTMENTS WILL APPEAR IN ( a.three places b. two
places c. one places )
PART –B 3 MARKS

11.WHAT IS OUT STANDING EXPENSES ?

12.WHAT IS PREPAID EXPENSES?

13.WHAT IS BAD DEBTS?

14.WHAT IS ADJUSTING ENTRY ?

15.WRITE NOTE ON (BALANCE SHEET)?

PART-C 12 MARKS (ANY TWO) 12*2=24

16.HOW WILL THE FOLLOWING ADJUSTMENTS APPEAR IN THE BALANCE SHEET AS ON

31.12.2000

SUNDRY DEBTORS R.S 21000

BAD DEBTS TO BE WRITTEN OFF R.S 1000

PROVIDE @5%PROVISON FOR BAD&DEBTSAND 2% DISCOUNT

17.COMMISSION RECIVED GIVEN IN TRIAL BALANCE IS RS .1000 AS ON 31ST DEC 1994

.COMMISION ACCURED BUT NOT YET RECIVED RS.150 SHOW THE ADJUSTING ENTRY

18.THE TRIAL BALANCE SHOWS ON 31.3.2002 SUNDRY DRS RS. 125000

ADJUSTMENTS;

1.BAD DEBTS TOBE WRITTEN OF RS.5000

2.PROVIDE@5%PROVISON FORBADDOUBTFUL DEBDS

3.PROVIDE @2% PROVISION FOR DISCOUNT ON DEBDORS

(PASS ENTRIES AND SHOW HOW WILL APPEAR IN

THE FINAL ACCOUNTS )

PART –D ANY THREE 20 MARKS 3*2=60

19 THE TRIAL BALANCE OF SABARI AGENICESAS ON 31.3.2001

PARTICULARS RS. PARTICULARS RS.

BULDINGS 15000 CAPITAL 80000

DRAWINGS 1800 GENRAL RESERVE 20000

FURNITURE & FITTINGS 7500 LOAN FROM HARI @6% 15000

COMPUTER 25000 SALES 100000

INTREST ON LOAN 900 COMMISON RECIVED 7500

LOOSE TOOLS 6100 SUNDRY CRS 10000

PURCHASES 75000

STOCK ON 1.4.2000 25000

GENRAL EXPENSES 15000

FREIGHT INWARD 2000

FREIGHT OUTWARD 1000

SUNDRY DEBTORS 28000

BANK 20200

GOODWILL 10000

………....... ………....

232500 232500

…………..

ADJUSTMENTS ;

1.CLOSING STOCK IS RS.32000

2.DEPRECIATE COMPUTER 10%;.FURNITURE 10% BULDINGS 5%

3.PROVIDEFOR BAD DEBTS 5% AND DISCOUNT 2%

INTEST ON DRAWING@6% AND CAPITAL 8%

20 .THE FOLLOWING AN TRIAL BALANCEOF MR, D.MANIKANDAN AS ON 31.3.2003

PARTICLARS RS.

CAPITAL 120000

SALES 75000

PURCHASES 45000

SALARIES 6000

RENT 4500

INSURANCE PREMIUM 900

DRAWINGS 15000

MACHINERY 84000

BANK 13500

CASH 13500

STOCK(1.4.2002) 15600

DEBTORS 7500

CREDITORS 10500

…………….

205000

ADJUSTMENTS;

1.STOCK ON 31.4.2003 14700

2.SALARIES UNPAID 1000

3.RENT PAID IN ADVANCED 750

4.PROVISON FOR BAD DEBTS AS@5%

21.THE FOLLOWING OF TRIAL BALANCE OF MR.BALA 31.3.2002

PARTICULARS RS.

CAPITAL 40000

SALES 25000

PURCHASES 15000

SALARIES 2000

RENT 1500

INSURANCE 300

DRAWINGS 5000

MACHINERY 28000

BANK 4500

CASH 2000

STOCK (1.4.2001) 5200

DRS 2500

CRS 1000

……………..

66000

ADJUSTMENTS;

1.STOCK ON 31.3.2002 4900

2.SALARIES UNPAID 300

3.RENT PAID IN ADVANCE 200

4.INSURANCE PREPAID 90