Rayat Shikshan Sanstha, Satara First Semester Examination 2021-2022 Book-Keeping & Accountancy PDF

Rayat Shikshan Sanstha, Satara Std - XTth First Semester Examination 2021 - 22 Marks - 50 Time - 2.30 Hrs. Sub - Book -Keeping & Accountancy Pages - 2 1. A) Answer the fo...

Rayat Shikshan Sanstha, Satara Std - XTth First Semester Examination 2021 - 22 Marks - 50 Time - 2.30 Hrs. Sub - Book -Keeping & Accountancy Pages - 2 1. A) Answer the following a Directed. 15 1) Do you agree or Disagree with the following statement. 5 i) Trade Discount is Recorded in Cash Book. i) Narration is required for every entry. i) Bills payable is an assets of the Business. iv) GST stands for Goods & Sales Tax. V) Book - Keeping is an art, science and professional B) Select the Most appropriate alternatives from those given below and rewrite the statement. 1) Surplus of income over Expenses is a) Profit b) Deficit C) Loss d) FiFancial statement 2) Every Journal entry require a) Casting b) Posting c) Narration d) Journalisin 3) Th person who draws the cheque and signs on it is the a) Drawer ,b) Drawee c) Payee d) all of the above 4) Debtors Account shows... balance. a) Real b) Negative c) Credit d) Debit. 5) Radha's Account is a type of Account. a) Nominal b) Personal c) Real d) Expenses. C) Write the word /term /phrase which can subsititute each of the following Statement. 5 1) Left hand side of an acCount. 2) Amount invested in business þy the propreite. 3) The entry which is recorded on both side of cash Book 4) Principal of Book of account. 5) Page number of the ledger. 2, G0ve the accounting equations for the following transaction. 5 1, Mr. Mehta started business with 8,000 2. Purchased goods on credit from Ashwin 1200. 3. Purchased furniture from S. M. furniture mart on credit 6000. Sold goods to Anand worth 10,000 WithdrewW cash for personal use 2500.  Std. 11'h (2) Sub. - Book-keeping&Accountancy 3. Journalise the following transactions in the book's of Ghadage General Stores. For the month AprlI2021 10 1. Commenced business with Cash 80,000 3. Purchased goods from Kiran Rs. 40,000 on credit. 5. Paid rent Rs., 2000. 10. Sold goods to Mr. Vikas 5,500 on credit. 15. Purchased furniture of R 30,000 @GST 18%. 18. Received a Bearer cheque of 25000 from Mr. Vikas. 21. Paid to Kiran by cheque of Dena Bank 20,000. 30. Paid salary 5000. 4. Prepare the following ledger Account with the help of journalentries passed is question No. 3. 10 1) Cash Account 2) Vikas Account. 3) Purchase Account. 4) Salary Account. 5) Kiran Account. 5. Rec rd the following transaction in purchase book sales book, purchase Return book sales Return book of Shreyas Traders, Pune, July 2021. 10 1. Purchased goods from Neelskamal Stores 33,000 @ 5% trade Discount half the amount was paid immediately. 3. Invoiced goods of 27,750 to Dhaval Traders. 4. Sonali invoiced goods 14,000 to us @ 4% Traders Discount as per our order dated 27June 2018. 5. Sold goods of 30,000 on credit to Sourabl & son... @7% TD. 12. Sent aDebit Note to Neelkam stores 3000. (Gr.... 14. SentaCredit Note to Dhaval Traders of 3550. 19. Received Debit Note from Sonali 1000 (Gross). 21. Sent Credit Note to Sourabh & Sons 4675 (N...) 25. Purchase goods of 6600from Seema Stores and paid carriage 240. 30. Purchased furniture for office. Use 23000 from Bharat Furniture on credit.