Karnataka 1st PUC Accountancy Model Paper 2024: Kannada Medium and English Medium PDF

Karnataka 1st PUC Accountancy Model Paper 2024: KSEAB, DPUE has recently published Karnataka 1st PUC Accountancy Model Question Paper 2024 in its official portal. In this page we have given Karnataka Class 11 Accountancy Model Question Paper in PDF. The Board has also published Blue Print of I PUC on dpue-exam.karnataka.gov.in.

Contents

Karnataka 1st PUC Accountancy Model Paper 2024: Kannada Medium and English Medium PDF Karnataka 1st PUC Accountancy Model Question Paper 2024: Overview

Karnataka 1st PUC Accountancy Model Question Paper 2024: Overview

Board – Karnataka State Board.
Class – Class 11.
Topic – Karnataka 1st PUC Model Paper.
Subject – Accountancy.
Year – 2023 – 24.

Section –A

(I) Choose the correct answer from the choices given:

(1) Accounting records transactions in terms of

(a) Selling units

(b) Monetary units

(d) Measuring units

(2) How many sides does an account have?

(a) One

(b) Two

(d) Four

(3) Passbook is a copy of:

(a) Copy of customer Account

(b) Bank column of cash book

(d) Copy of receipts and payments

(4) If wages paid for installation of new machinery is debited to wages Account, it is:

(a) An error of commission.

(b) An error of principle.

(d) An error of omission

(5) If the opening capital is ₹ 50,000 as on April 01, 2022 and additional capital introduced ₹ 10,000 on January 01, 2023. Interest charge on capital 10% p.a. The amount of interest on capital shown in profit and loss account as on March 31, 2023 will be:

(a) ₹ 3,000

(b) ₹ 4,000

(d) ₹ 6,000

(II) Fill in the blanks by choosing the appropriate answers from those given in the brackets:

(credit, debit, capital, prepaid expenses, petty cash book, double column cash book)

(6) Assets = Liabilities + ________

(7) Cash book maintained to record small expenses is called____________.

(8) Normally, the cash book shows a debit balance, passbook shows _________ balance.

(9) Assets account balances are _________ balance.

(10) The expenses paid which are related to the next year are called _________

(III) Match the following

(11)

A	B
(a) Assets	(i) Double column cash book
(b) Basis of accounting	(ii) Depreciation
(c) Contra entries	(iii) Capital expenditure
(d) Wear and tear of an asset	(iv) Cash basis
(e) Purchase of fixed asset	(v) Revenue expenditure
	(vi) Economic resources of an enterprise

(IV) Answer the following questions in one word or one sentence each:

(12) Expand CGST.

(13) Name any one type of cash book.

(14) State any one types of Reserves.

(15) Give any one example for capital receipt.

(16) Balance sheet is an account. (State True/False)

Part – B

(V) Answer any three questions. Each question carries 2 marks:

(17) Define Accounting.

(18) State any two Accounting concepts.

(19) What is bank overdraft?

(20) State any two examples for Current Asset.

(21) Give the journal entry for the following adjustment:

(a) Outstanding salary ₹3,500

Part – C

(VI) Answer any three questions, each question carries 6 marks:

(22) Use Accounting Equation to show the effect of the following transactions of Ravi Traders.

(a) Started business with cash ₹ 1, 00, 000

(b) Bought goods for cash ₹ 20, 000

(23) Record the following transactions in purchase journal of City Stationeries for the month of July 2023.

2023

July 01 Bought from Ravindra traders:

10 Note books at ₹25 each

20 Registers at ₹ 50 each, less trade discount @ 5%.

July 05 Purchased from Gokul stationeries:

20 colour books at ₹75 each

100 packs of pens at ₹ 40 each.

July 10 Purchased from Hema book house for cash:

20 Accountancy textbook at ₹ 105 each.

July 15 Purchased 20 colour pencil boxes from Ganga stationeries ₹ 120 Per box.

(24) Enter the following transactions in the petty cash book under the Imprest system and balance it.

Date	Particulars	₹
2023
Feb 01	Received a cheque towards petty cash	500
02	Paid cartage on goods	25
06	Paid taxi fare	70
08	Postage and Telegram	30
12	Stationery purchased	65
15	Wages paid	50

(25) From the following particulars given below Prepare a Trial Balance as on 31-03-2023

Sl.NO	Particulars	Balance (₹)
1	Purchases	95,000
2	Sales	1,36,000
3	Bank loan	20,000
4	Machinery	50,000
5	Cash	46,000
6	Capital	1,00,00
7	Debtors	80,000
8	Creditors	17,000
9	Bills receivable	4,000
10	Bills payable	2,000

(26) From the following balances obtained from the records of Mr. Ravi, Prepare the Trading Account for the year ending 31st March 2023.

	₹
Opening Stock	2,00,000
Purchases for the year	20,00,000
Sales for the year	35,00,000
Carriage inwards	10,000
Closing stock is valued	5,00,000

Part – D

(VII) Answer any three questions. Each question carries 12 marks:

(27) Journalising the following transactions in the books of Shree Raju:

2023	Jan, 01	Commenced business with cash ₹ 40,000
“	Jan,05	Bought goods from Ravi ₹10,000
“	Jan,08	Sold goods to Vinayak ₹ 15,000
“	Jan,10	Returned goods to Ravi ₹ 300
“	Jan, 12	Vinayak returned us goods ₹ 300
“	Jan,15	Paid Ravi ₹ 5,000 by cash and the balance through cheque
“	Jan,22	Received cheque from Vinayak ₹ 10,000 and the balance received by cash
“	Jan, 27	Withdrawn Cash of ₹ 1,000 and goods worth ₹ 500 for domestic use.
“	Jan, 30	Paid for printing charges ₹ 500

(28) Record the following transactions in double column cash book and balance it:

Date	Particulars	₹
2023
April 01	Cash balance Bank balance	15,000 2,20,000
April 02	Insurance premium paid by cheque	6,000
April 04	Issued a cheque for goods purchased	28,000
April 05	Sold goods and received cheque from Rahul	19,000
April 08	Sold goods to Mohan and get the amount transferred to our bank account	36,000
April 10	Paid rent by cheque	12,000
April 11	Paid wages	3,500
April 13	Bought goods from Amith on credit	65,000
April 15	Sold goods to Mamatha and received a cheque	56,000
April 20	Mamatha’s cheque deposited in to the bank
April 28	Paid to Amith by cheque	65,000

(29) Enter the following transactions in the proper subsidiary books:

2023

Jan 01 Goods sold to Sachin ₹5,000

Jan 04 Purchased from Kushal traders ₹2,480.

Jan 06 Sold goods to Manish traders ₹2,100

Jan 07 Sachin returned goods ₹600

Jan 08 Rerurned to Kushal traders ₹280.

Jan 12 Purchased goods from Kunal traders ₹ 5,700 less 10% trade discount.

Jan 15 Sold to Sri chand brothers ₹6,600 less 5% trade discount.

Jan 20 Return outwards to Kunal traders ₹ 1,000 less 10% trade discount.

Jan 24 Bought of Naresh ₹ 4,060.

Jan 26 Furniture purchased from Tharun ₹ 3,200.

Jan 29 Chand brothers returned goods ₹ 500.

Jan 30 Sold to Mukesh ₹ 3,300.

Jan 31 Mukesh returned goods ₹ 300.

(30) From the following particulars, prepare Bank Reconciliation Statement as on 31^stMarch 2023:

(a) Bank balance as per pass book ₹40,000.

(b) Cheques issued, but not presented for payment ₹ 7,000.

(d) Interest on investments amounting to ₹ 1,500 appeared only in the pass book.

(e) Direct deposit into the bank by a customer ₹ 2,000

(f) Interest on bank deposits ₹ 4,300 credited in the pass book only.

(g) Bank charges ₹ 300 debited in the pass book only.

(31) On 01-04-2019, Shashi Co. Ltd., purchased a Machinery costing ₹ 45,000 and spent ₹ 5,000 for its installation. On 31-03-2021 the machinery was sold for ₹ 40,000. On 01-04-2021, the new machinery was bought for ₹ 85,000. Depreciation was charged at 10% p.a. under Straight Line Method. Accounts are closed on 31^st March every year.

Prepare – (a) Machinery A/c and

(32) Prepare final accounts for the year ending March 31^st2023, from the Trail Balance and adjustments given below.

Trail balance as on 31-3-2023.

Name of accounts	Debit (₹)	Credit (₹)
Drawings and capital	5,000	30,000
Opening Stock	13,200
Purchases and sales	40,000	60,000
Debtors and creditors	10,000	8,500
Salary	500
Bad debts	300
Printing and stationary	1,200
Wages	1,000
Postage	800
Bills Receivables and Bills Payables	3,000	3,000
Furniture	7,500
Cash in hand	1,500
Bank overdraft		2,000
Machinery	18,000
Commission received		1,500
Advertisement	3,000
Total	1,05,000	1,05,000

Adjustments:

(1) Closing stock ₹10,300.

(2) Depreciate machinery at 5% and furniture at 10%.

(3) Create provision for doubtful debts at 5% on debtors and discount on debtors at 2%.

Click Here to Download this PDF: Accountancy Model Question Paper

You can download more Karnataka Board 1st PUC model question papers here – Karnataka Class 11 Model Paper

Karnataka 1st PUC Accountancy Model Paper 2024: Kannada Medium and English Medium PDF