1 PRELIMINARY EXAMINATION JAN-FEB 2015 SUBJECT: ACCOUNTANCY CLASS: xI M/MARK: 90 TIME: 3 Hours General Instructions: (a) All questions are compulsory. (b) Draw proper format wherever required. (c) Marks are indicated against each question. (d) Use of Calculator is not allowed. (e) Write the MCQ answers in the answer-book. PART – A (FINANCIAL ACCOUNTING –I) 1. The basic function of financial accounting is to (1) (a) Interpret the financial data. (b) Assist the management in performing functions effectively. (c) Record all business transactions. (d) None of the above. 2. A liability arises because of (1) (a) Cash transactions (b) Credit transactions (c) Cash as well as credit transactions (d) None of the above. 3. Explain the following terms: (Any Three) (3) (a) Drawings (b) Tangible Assets (c) Expense (d) Trade Receivables. 4. Record the following transactions in the Sales book of M/s. Galaxy Stationery and post them in the Ledger. (3) BRILLIANT PUBLIC SCHOOL, SITAMARHI
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PRELIMINARY EXAMINATION JAN-FEB 2015
SUBJECT: ACCOUNTANCY
CLASS: xI
M/MARK: 90 TIME:3 Hours
General Instructions: (a) All questions are compulsory.
(b) Draw proper format wherever required.
(c) Marks are indicated against each question.
(d) Use of Calculator is not allowed.
(e) Write the MCQ answers in the answer-book.
PART – A (FINANCIAL ACCOUNTING –I)
1. The basic function of financial accounting is to (1) (a) Interpret the financial data.(b) Assist the management in performing functions effectively.(c) Record all business transactions.(d) None of the above.
2. A liability arises because of (1) (a) Cash transactions(b) Credit transactions(c) Cash as well as credit transactions(d) None of the above.
3. Explain the following terms: (Any Three) (3) (a) Drawings(b) Tangible Assets(c) Expense(d) Trade Receivables.
4. Record the following transactions in the Sales book of M/s. GalaxyStationery and post them in the Ledger. (3)
BRILLIANT PUBLIC SCHOOL, SITAMARHI
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2014 July 1 Sold to M/s Piyush Traders on credit 2 reams of white paper @ Rs.150 per ream July 5 Sold to M/s Rakesh & Co. 6 dozen inkpots @ Rs.120 per dozen July 10 Sold old newspapers Rs. 45. July 24 Sold to M/s Jaya & Co. on credit
10 Drawing Boards @ Rs. 100 per piece
5. Journalize the following transactions: (3) (a) Received cash from Shyam for a bad debt written off last year Rs.
500. (b) Sold goods to Mohan at the list price Rs.5000 less 20 % trade
discount and 2% cash discount and paid 50% by cheque. (c) Salaries due to Administrative staff Rs. 12,000.
6. Prepare Accounting Equation on the basis of following information: (3) (i) Started business with cash Rs. 1,50,000 . (ii) Paid cash for household expeses Rs.2,000. (iii) Received cash for dividend on shares Rs.780.
7. (i) What do you understand by Accounting Information? Name any one
external user of accounting information. (ii) State any two advantages of Accounting. (2+2=4)
8. On 31st December,2014, my cash book showed an overdraft of Rs.13,525. On scrunity the following were noticed: (4) (a) Cheques amounting to Rs.2,100 were paid into the bank on 29th
December, out of which only Rs.175 was credited by the bank. (b) Cheques for Rs.4,000 were issued out of which only one cheque for
Rs.600 was presented for payment. (c) There is a debit of Rs.150 for interest and Rs. 50 for bank charges in
the pass book , which is not entered in the cash book. (d) Rs. 250 debited to bank in cash book has been omitted to be banked.
Prepare a bank reconciliation statement to show the balance as per Pass Book.
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9. Prepare a three column from the following information: (4) 2014 June 1 Cash in hand Rs. 5,000; Bank Overdraft Rs. 1,000. 10 Received a cheque from Sohan Rs. 1,000 in full settlement of his account Rs. 1,010. 11 Cheque received on 10th June deposited. 12 Settled Suresh’s account of Rs. 780 by giving him a cheque of Rs. 750. 16 Cheque deposited returned dishonoured.
20 Repairs to computer Rs. 560.
10. Rectify the following errors by means of journal entries. (4) (i) Rs. 400 received from Mr. Dinesh was posted debit of his account. (ii) Purchase of goods from Pankaj omitted to be recorded in purchase
book Rs. 5,000. (iii) Rent paid by cheque entered in cash column Rs. 2000. (iv) Sales returns book was totaled short Rs.100.
11. Explain the following Accounting Principles with suitable examples: (6)
(any three only) (i) Accrual (ii) Full Disclosure (iii) Cost concept (iv)Prudence
12. On 1st January 2014, A sold goods to B for Rs. 1,00,000. He received Rs. 25,000 in cash and drew two bills , first for Rs.45,000 and second for Rs. 30,000 of two months each. Both the bills are duly accepted by B. First bill was endorsed to C in settlement of his account of Rs. 45,200 and second bill was discounted with Bank @ 12% p.a. On the due date the bill that was endorsed was dishonored. C paid Rs. 100 as noting charges.
B paid Rs. 20,000 and noting charges in cash and accepted a new bill for the balance at three months. The interest of Rs. 120 on the balance was paid in cash. On the due date of the new bill, B became insolvent and 40 paise in a rupee is recovered from his estate. Give the journal entries in the books of A and also highlight two values reflected in the above case.
OR
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Journalise the following transactions in the books of Naresh & state any two values from the following: (i) Suresh’s requests Naresh to renew his acceptance for Rs. 1,500 for
two months. Naresh agrees to it provided interest @ 20 % is paid in cash.
(ii) Naresh’s acceptance in favour of Ajay for Rs. 15,000 dishonoured due to lack of sufficient funds for which noting charges were paid by Ajay Rs. 20. Ajay agreed to receive the payment without any additional charge to be paid by cheque later on. (4+2=6)
13. The following balances appear in the books of M/s. Genius Traders:
Jan 1, 2012 Machinery Account Rs. 40,000
Jan 1, 2012 Provision for Depreciation Rs. 18,000
On 1st Jan, 2012 they decided to sell a machinery for Rs. 4,350. This
Machine was purchased in January 2008 for Rs. 8,000.
You are required to prepare Machinery A/c and “Provision for
Depreciation A/c” on 31st Dec,2012. Assuming the firm has been
charging depreciation @ 10% p.a. on straight line method.
OR
On 1st October,1991 Jupiter Transport Company purchased a Truck for
Rs. 4,00,000. On 1st April, 1993 this truck was involved in an accident
and was completely destroyed and Rs.3,00,000 were received from the
Insurance Company in full settlement. On the same date another truck
was purchased by the company for Rs. 5,00,000. The company writes off
20% depreciation p.a. on Written down value method. Give the Truck
account from 1991 to 1993. (8)
PART-B (FINANCIAL ACCOUNTING-II)
14. What is the net profit for a firm which has Operating Profit of Rs. 17000,
non-operating expenses Rs. 2,500 and non-operating income Rs. 3,400.
(a) Rs. 17,500
(b) Rs. 17,900
(c) Rs. 16,100
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(d) Rs. 22,900 (1)
15. Subscription received in advance is
(a) An asset, (b) Income, (c) Liability, (d) None of these. (1)
16. Non-cash expenditure such as Depreciation is not shown in Receipt and
Payment account. Why? (1)
17. What do you understand by Accounting Information System(AIS)? (1)
18. On the basis of the following information, calculate the amount that
will appear against the item ‘Stationery Used’ in the Income and
Expenditure Account for the year ended 31st march, 2012: (3)
Rs.
Stock of Stationery as at 1st April, 2011 12,000
Creditors for Stationery as at 1st April, 2011 25,600
Amount paid for Stationery during the year ended 31 .3.12 1,40,000
Stock of Stationery as at 31st March, 2012 23,200
Creditors for Stationery as at 31st March,2012 24,000
19. Briefly explain the three steps involved in the process of creating
Accounting Reports. (3)
20. From the following particulars of Achievers Club, calculate the amount
of Subscriptions outstanding for the year 2013-14. (4)
Achievers Club has 200 members each paying an annual subscription of
Rs. 1,000. The Receipts and Payments Account for the year showed a
sum of Rs. 2,05,000 received as Subscription. Additional information is
as follows: Rs.
Subscriptions Outstanding on 31st March, 2013 30,000
Subscriptions received in advance on 31st March, 2014 40,000
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Subscriptions received in advance on 31st March, 2013 14,000
21. Karuna commenced business on January 1, 2014 with a capital of Rs.
12,000. She immediately bought furniture and fixtures for Rs. 2,000. On
30th June, 2014 she borrowed Rs. 5,000 from her husband @ 9% p.a
(interest not yet paid) and introduced further capital of her own
amounting to Rs. 3,000. She withdrew at the rate of Rs. 500 p.m, at the
end of each month for household expenses. On 31st December,2014 her
position was as follows:
Cash in hand Rs. 3,800; Sundry Debtors Rs. 7,300; Stock Rs. 6,800; Bills
Receivable Rs. 1,600; Sundry creditors Rs. 500 and Owing for rent Rs.
150; furniture and fixtures to be depreciated by 10%.
Ascertain the profit or loss made by Karuna during 2014. (6)
22. From the following Receipts and Payments Account of Surfers Club and
from the given additional information, prepare Income and Expenditure
Account for the year ending 31st December,2014 and Balance Sheet as
on that date.
Receipt and Payments Account for the year ending 31st December,2014
Dr. Cr.
Receipts Amount(Rs.) Payments Amount(Rs.)
To Balance b/d
To Subscriptions
To Interest on
Investments @ 8%
p.a. for full year
1,90,000
6,60,000
40,000
8,90,000
By Salaries
By Sports Equipment
By Balance c/d
3,30,000
4,00,000
1,60,000
8,90,000
Additional information:
(i) The club had received Rs. 20,000 for subscription in 2013 for 2014.
(ii) Salaries had been paid only for 11 months.
(iii) Stock of sports equipment on 31st December,2013 was Rs.
3,00,000 and on 31st December, 2014 Rs. 6,50,000. (6)
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23. (a) Explain any three factors before sourcing an Accounting Software.
(b) Distinguish between Ready-to-use and Tailored –made on the basis of
Nature of Business; Cost of Installation ; Linkage to other Information
systems. (3+3=6)
24. From the following Trial Balance and adjustments of M/s. Mahesh Enterprises. Prepare Financial Statements for the year ended 31.3.2014
Capital Sales Interest received Discount received Commission Creditors Bills Payable
75,000 1,25,000
500 1,000 2,500
10,000 5,000
2,19,000
Adjustments: 1. Closing Stock was valued at Rs. 8,200. 2. Write off Rs. 500 as Bad debts. 3. Provide 5% for reserve for Bad and Doubtful Debts. 4. Building is re-valued at Rs. 50,000. 5. Calculate @10% p.a depreciation on Machinery. 6. Rs. 10,000 worth goods were destroyed due to fire and insurance
claim admitted for Rs. 8,500. (8)
BRILLIANT PUBLIC SCHOOL, SITAMARHI
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PRELIMINARY EXAMINATIONJAN-FEB 2015
General Instructions:
1) Answer to questions carrying 1 mark may be from one word to one sentence.
2) Answer to questions carrying 3 marks may be from 50 to 75 words.
3) Answer to questions carrying 4-5 marks may be about 150 words.
4) Answer to questions carrying 6 marks may be about 200 words.
1) If the values of mean and median are 40 and 48, find out the most probable value of mode: (1)
a) 48
b) 88
c) 64
2) Data represented through a histogram can help in finding graphically the: (1)
a) Mean
b) Mode
c) Median
3) World Bank wants to measure the degree of inequality in the distribution of income and wealth among
different countries of the world. The most suitable method of dispersion will be: (1)
a) Range
b) Interquartile range
c) Lorenz curve
SUBJECT: ECONOMICS
CLASS: xI M/MARK: 90 TIME:3 Hours
SECTION – A
BRILLIANT PUBLIC SCHOOL, SITAMARHI
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4) Classification of population of India in terms of years is an example of: (1)
a) Geographical classification
b) Quantitative classification
c) Chronological classification
5) Range is the: (1)
a) Difference between the largest and the smallest observations
b) Difference between the smallest and the largest observations
c) Average of the largest and the smallest observations
6) Distinguish between exclusive series and inclusive series. (3)
7) The following table shows the marks obtained by the students of a class in their tests in English:
Marks: 0-10 10-20 20-30 30-40 40-50
No. of
students
20 24 40 36 20
Calculate arithmetic mean using step-deviation. (3)
8) What do you mean by scatter diagrams? Draw a diagram to show perfect positive correlation between two
variables. (3)
OR
Calculate the rank coefficient of correlation of the following data:
X: 80 78 75 75 68 67 60 59
Y: 12 13 14 14 14 16 15 17
9) Convert the following cumulative frequency series into a simple frequency series. (4)
4 students obtained less than 10 marks
20 students obtained less than 20 marks
40 students obtained less than 30 marks
48 students obtained less than 40 marks
50 students obtained less than 50 marks
10) Explain different parts of statistical table. (4)
11) Show inequality in wages in two different firms using Lorenz Curve approach, given the following data: (6)
Wages (Rs.) 50-70 70-90 90-110 110-130 130-150
No. of
workers A
20 15 20 25 20
No. of
workers B
150 100 90 110 50
OR
Explain the construction of Lorenz Curve.
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12) Calculate the Cost of Living Index from the following data: (6)
Items Quantity consumed
in the given year
Price per unit in Rupees
Base Year Given Year
Rice
Pulses
Oil
Clothing
Housing
Miscellaneous
2 ½ qt x 12
3 kg x 12
2 L x 12
6 m x12
12 months
Expenditure of 12
months
12
0.4
1.5
0.75
20 per month
10 per month
25
0.6
2.2
10
30 per month
15 er month
13) Construct an index numbers for the year 2005 on the basis of 2004 of the data given below by Fisher’s
Method ideal formula: (6)
Items 2004 2005
Price Quantity Price Quantity
A
B
C
5
8
6
10
6
3
4
7
5
12
7
4
14) When was Reforms in China introduced? (1)
a) 1991
b) 1978
c) 1956
15) The 1st estimate on national income and per capita income was prepared by: (1)
a) V.K.R.V Rao
b) Dadabhai Naoroji
c) R.C. Dasi
16) The planning commission was setup in: (1)
a) 1948
b) 1950
c) 1951
17) What do you mean by liberalisation? (1)
18) What do you mean by devaluation of rupee? (1)
19) Short note on CPI. (3)
20) Describe the need for economic reforms. (3)
21) Underscore some of India’s most crucial economic challenges at the time of Independence. (3)
OR
What were the main causes of India’s agricultural stagnation during the colonial period?
SECTION – B
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22) Why was it necessary for a developing country like India to follow self-reliance as a planning objective? (4)
23) What is sectoral composition of an economy? Is it necessary that the service sector to contribute maximum
to GDP of an economy. Comment. (4)
OR
Highlight the salient features of India’s pre - independence occupational structure.
24) What are the achievements of the policy of LPG? Explain. (6)
25) Compare and contrast the development of India, Pakistan and China with respect to some salient human
development indicators. (6)
26) Indicate the volume and direction of trade at the time of independence. (6)
OR
Explain the factors responsible for the introduction of Economic Reforms in India.
Instructions for students:
1) These questions are based on one of the theme provided to you by the board.
2) Please ensure that you get a copy of the relevant themes from the school to refer while answering the
questions.
3) Each question carries 5 marks.
4) The suggested word limit for the question is 100-120 words. However depending on the question, your
answer could be shorter/longer. It is important to present your views, arguments and conclusion
logically, coherently in your own language; based on concepts learnt during teaching learning sessions
till class XI, their applicability with respect to the open text material and your own awareness of the
given theme.
Subject Economics (Code: 030)
Questions:
Questions Marks Theme
a) कच्च ेतले की मिठाई और खट्टा कच्चे तले के बीच अतंर।Differentiate between sweet crude and sour crude.
Marks-5 Theme -
I
b) आप भारत और दनुिया िें तले की कीितों के बीच एक ररश्ता िह ं हैकक लगता है? यदद हााँ, यह सिझा।Do you think that there is a relation between oil prices in India
and world? If yes, explain it.
Marks-5 Theme -
I
SECTION – c : OTBA
BRILLIANT PUBLIC SCHOOL, SITAMARHI
BRILLIANT PUBLIC SCHOOL, SITAMARHI
1
PRELIMINARY EXAMINATION-JAN 2015
General Instructions:
1. Question paper consists of 26 questions.
2. All questions are compulsory
3. 01 Mark question must be answered in 10 – 20 words.
4. 03 Marks question must be answered in 30 – 50 words.
5. 05 Marks question must be answered in 75 – 100 words.