Accountancy Past Paper PDF

## 9.8 Questions 1. From the alternatives given below, write the correct answer along with its serial number against each bit: | Question | | Answer | |:---|:---|:---| | 3,000 paid as wages for erection of a machine should be debited to: | | (b) Machinery Account | | Sale of old office furnitur...

## 9.8 Questions 1. From the alternatives given below, write the correct answer along with its serial number against each bit: | Question | | Answer | |:---|:---|:---| | 3,000 paid as wages for erection of a machine should be debited to: | | (b) Machinery Account | | Sale of old office furniture should be credited to: | | (d) Office Furniture Account | | Goods worth 500 given as charity should be credited to: | | (b) Charity Account | | 300 received from Ms. Smita whose account was previously written off as Bad Debt should be credited to: | | (b) Bad Debts Recovered Account | | A Trial Balance is prepared to locate: | | (d) Partial omission | | A suspense Account will give: | | (b) Credit Balance | | On purchase of old building, the amount of 20,000 spent on its repairs should be debited to: | | (b) Building Account | ## Rectification of Errors | Question | | Answer | |:---|:---|:---| | If sales Account is overcast, it will not affect: | | (a) Cost of goods produced | | When Suspense Account is shown in the Trial Balance, it will also be shown in: | | (c) Balance sheet | | Treating capital expenditure as revenue expenditure is a/an: | | (b) Error of Principle | | White-washing expenses of an existing building amounting to 10,000 will be debited to: | | (b) Repairs & Maintenance A/c | | Wages paid to labourer ₹ 5,000 was credited to wages account as ₹50,000. In rectification entry wages account will be debited with: | | (c) ₹ 55,000 | **Ans:** [i (b), ii (d), iii (c), iv (b), v (d), vi (d), vii (b), viii (a), ix (c), x (b), xi (b), xii (c)]