Accountancy (2018) | Class 11 (First Year) | AHSEC | Assam Higher Secondary – Previous Year Question Paper

Accountancy (2018) | Class 11 (First Year) | AHSEC | Assam Higher Secondary – Previous Year Question Paper



Full Marks: 100

Time : 3 Hours

The figures in the margin indicate full marks for the questions.

  1. (a) Fill in the blanks: (1×4=4)
    • Accounting records only the transactions of
    • Assets= liabilities+ .
    • Excess of                capital over                   capital represents loss.

(b) State whether the following statements are true or false: (1×4=4)

    • Closing stock is usually not shown in the Trial Balance-
    • A Bank Reconciliation Statement is prepared by customer of a bank-
    • The full form of CPU is Current Processing Unit-
    • The SQL is used to access data in a database-
  1. Write the meaning of Accounting. (2)
  2. What do you mean by Accounting Standard? (2)
  3. What is a Trial Balance? (2)
  4. Write any two distinctions between Provision and Reserves. (2)
  5. Write any two features of incomplete records. (2)

7(a) Explain briefly about three users of accounting information. (3)

(b) Mention three qualitative characteristics of accounting information. (3)

8(a) Explain the going concern concept. (3)

(b) Explain the money measurement concept. (3)

9(a) Mention three distinctions between Journal and Ledger. (3)

(b) Mention three types of transactions recorded in Journal Proper. (3)

10(a) Explain briefly three advantages of Database Management System. (3)

(b) Write short notes on Structured Query Language (SQL). (3)

11(a) Mention three distinctions between Statement of Affairs and Balance Sheet. (3)

(b) How Profit or loss is ascertained by Statement of Affairs method in case of incomplete records? (3)

12(a) What is Bill of Exchange? Explain the terms ‘Drawer’, ‘Drawee’ and ‘Payee’ in connection with Bill of Exchange. (2+3=5)

(b) Write five distinctions between Bills of Exchange and Promissory Note. (5)

13 (a) Mention five uses of computers in Accounting. (5)

(b) Define Computer. Mention three features of Computer. (2+3=5)

14(a) On 1st January, 2014, a bill of Rs. 15,000 due after three months has been drawn by Madhur on suresh. Sureh accepted the bill and returned the same to Madhur. On the due date, Suresh dishonoured the bill and nothing charge payable was Rs. 200. Pass Journal entries in the books of Madhur in each of the following circumstances.

  1. Madhur endorsed the bill in favour of Nayan immediately.
  2. The bill is discounted at 12 p.c. per annum immediately. (5)

(b) What is accommodation Bill? Mention three purposes of drawing an accommodation Bill. (2+3=5)

15(a) Write five distinctions between Capital Expenditure and Revenue Expenditure. (5)

(b) What is Trading Account? Write three objectives of preparing trading account. (2+3=5)

16(a) From the following incomplete records of Mr. Bhuban, a trader, ascertain the profit or loss of his business for the year ended on 31.3.14

On 31st March, 2014, his position was as follows-

Plant & Machinery

Furniture & fixtures

Bills Receivable

Sundry Debtors

Sundry Creditors

Closing Stock

Cash in hand

Cash at Bank









During the year, Mr. Bhuban introduced Rs. 12,000 as additional capital and withdrew Rs 9,700 for personal use. His capital as on 1st April, 2013 was Rs. 99,750.

(b) Write five limitations of incomplete records. (5)

17(a) Pass necessary Journal entries to rectify the following errors. (5)

  • 850 received from Saurav was debited to Gaurav Account.
  • Goods of Rs. 750 withdrawn for personal use were not recorded in the books.
  • 380 being Purchase return was posted to the debit of Purchase Account.

(b) Write three advantages and two limitations of Trial Balance. (2+3=5)

18(a) From the following information of Mr. Das, prepare a Trading Account for the year ended on 31st March, 2014. (5)

Stock (As on 1st April,2013)


Purchase Return


Sales Return


Carriage Inward

Carriage Outward











Additional Information:

(i) Stock on 31st March, 2014 Rs. 20,530.

(ii) Wages outstanding Rs. 250.

(b) Explain with examples the following terms (i) Current Assets, (ii) Current Liabilities. (5)

19(a) Prepare a Bank Reconciliation Statement as on 31.3.14 from the following Particulars: (8)

  • Bank Balance (Dr.) as on 31.3.2014 was Rs. 90,000 as per Cash Book.
  • Out of Rs. 30,000 paid to creditors by cheques, cheques amounting to Rs. 14,000 were enchased by him after 31.3.2014.
  • Cheques of Rs. 16,000 deposited into bank on 28.3.2014 but not collected by bank before 31.3.2014.
  • Bank charges of Rs. 1,000 and interest on deposits Rs. 2,000 were recorded in the Pass Book only.
  • Dividend collected and credited by the bank but not recorded in the cash book Rs. 1,500.
  • A cheque of Rs. 850 deposited and credited by the bank was recorded in the cash book Rs. 580.

(b) What is Bank Reconciliation Statement? Discuss five causes of agreement between the balances as per pass book and cash book. (3+5=8)

20(a) A company purchased 2 machines on 01.01.2012 at a total cost of Rs. 4, 00,000. On 01.07.2014, it sold one of the machines originally costing Rs. 2, 00,000 for Rs. 1, 80,000. Prepare Machinery Account and Depreciation Account for three years assuming that the company provides depreciation @10% p.a. on the original cost. The accounting year ends on 31st March each year. (4+4=8)

(b) What do you mean by depreciation? Discuss six causes of providing depreciation. (2+6=8)

21(a) Prepare a triple Column Cash Book from the following information. (8)


October1: Cash in hand- 6,000

Cash at Bank- 38,000

October4: Cash Sales- 25,000

October7: Deposited into Bank- 15,000

October9: Received cheque from Mr. Baruah which is deposited into bank on the same day- 8,000

October10: Rent Paid by cheque- 3,000

October18: Paid by cheque to Mr. Kishore Rs. 6,700 in full settlement of his debt- 7,000

October23: Withdraw from bank for office use- 3,000

October25: Withdraw from bank for personal use- 2,000

October30: Salaries Paid- 6,000

(b) Explain the following terms: (Any four)

(i) Contra Entry

(ii) Petty cash book

(iii) Trade discount

(iv) Cash discount

(v) Imprest system

(vi) Double column cash book

  1. The following is the Trail Balance of Mr. Rajnish as on 31st March, 2014.

Trail Balance

        Debit         Amount        Credit       Amount

Cash at Bank

Cash in hand


Bills receivable




Closing Stock












Bank loan


Interest Received

Provision for

doubtful debt

Trading A/c

(Gross Profit)









Additional Information:

1) Maintain Provision for doubtful debt at 5% on debtors.

2) Depreciate Machinery @10% P.a.

3) Outstanding Salary Rs. 1,200

Prepare Profit & Loss Account of Mr. Rajnish for the year ended on 31.3.14 and a Balance Sheet as on that date.



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