On this page we have uploaded MBOSE HSSLC Class 11 Question Paper for Accountancy released by www.mbose.in. The question paper provided here from Meghalaya State Board. Download the 2020 question paper pdf as well.
Meghalaya State Board has published subject wise question paper for this year Class 11 students in its official portal www.mbose.in. Here we have published Class 11 MBOSE question paper 2020-21 for Accountancy subject. For more information regarding Meghalaya HSSLC Class 11 2020 Exam Date, Exam Pattern, Time, Date, How to prepare follow our website.
Meghalaya Board (MBOSE) HSSLC Class 11 Question Papers – Accountancy Subject
Class XI (Accountancy)
Question Paper 2020
Part – A
1.) Choose the correct answer:
(a) The process of transferring entries from books of original entry to the Ledger is known as
(i) Posting
(ii) Casting
(iii) Recording
(iv) Journalising.
(b) The concept that requires all assets to be recorded in the books of account at their purchase price is
(i) Money measurement concept
(ii) Cost concept
(iii) Accounting period concept
(iv) Full disclosure concept.
(c) Purchases refer to buying of
(i) Fixed assets
(ii) Stationery
(iii) Investment
(iv) Goods for sale.
(d) The firm has capital ₹300000 and liabilities ₹200000. Its assets would be
(i) ₹200000
(ii) ₹300000
(iii) ₹500000
(iv) ₹600000
(e) According to which of the following concept the ownership is separated from the business?
(i) Conservatism concept
(ii) Going concern concept
(iii) Entity concept
(iv) Consistency concept.
(f) A debit note is issued in case of
(i) Sales return
(ii) Purchase return
(iii) Both (i) & (ii)
(iv) None of these.
(g) Which Accounting Standard is applicable for valuation of inventories?
(i) AS – 1
(ii) AS – 2
(iii) AS – 7
(iv) AS – 8
(h) A Trial balance is
(i) An account
(ii) A statement
(iii) A subsidiary book
(iv) A principal book.
2.) Define Accounting
3.) State one qualitative characteristic of accounting information.
4.) Define the term ‘creditors’.
5.) Give an example of deferred revenue expenditure.
6.) Give one point of difference between Statement of Affairs and Balance Sheet.
7.) On which side of the Balance Sheet is ‘Accrued Income’ shown?
8.) What is an Accounting software?
9.) Explain any three roles of accounting.
10.) Distinguish between Provision and Reserve. (any 3 points).
(11) Rectify the following errors:
(a) Sales book has been overcast by ₹2000
(b) Repairs made on building for ₹14000 were debited to building A/c.
(c) Goods purchased for ₹8700 were posted as ₹870 to purchase A/c.
(d) Amount of ₹3500 paid to Kapil was wrongly credited to his account.
12.) Who are the external users of Accounting information’s?
13.) State the meaning of GST. Explain any two characteristics of GST.
14.) The cash book shows a bank balance of ₹7,800 as on 31st December, 2017. On comparing the cash book with pass book the following discrepancies were noted:
(a) Cheque deposited in bank but not credited ₹3,000.
(b) Cheque issued but not yet persented for payment ₹1,500.
(c) Insurance premium paid by the bank ₹2,000.
(d) Bank interest credited by the bank ₹400.
(e) Bank charges ₹100.
(f) Directly deposited by a customer ₹4,000. Prepare a Bank Reconciliation statement as on 31st December, 2017.
15.) A firm purchased a machine worth ₹60,000 on 1st April, 2015 and ₹5,000 was spent on its installation. On 1st October, 2016 an additional machinery costing ₹70,000 was purchased. On 1st April, 2017, the first machine purchased on 1st April, 2015, was sold for ₹45,000 and a new machine costing ₹50,000 was purchased on the same date.
Show Machinery A/c for the first three years on the basis of Straight Line Method if the rate of depreciation charged is 10% and books are closed on 31st March every year.
Part – B
16.) Choose the correct Answer:
(a) The arrangement of various assets and liabilities in a particular order is known as
(i) Grouping
(ii) Balancing
(iii) Marshalling
(iv) Summarising.
(b) Statement of affairs is prepared to ascertain
(i) Capital
(ii) Liabilities
(iii) Assets
(iv) Cash balance.
17.) Name two elements of a Computer System.
18.) What do you mean by Computerised Accounting System?
19.) What is a Database Management System?
20.) Distinguish between Capital expenditure and Revenue expenditure (any 4 points).
21.) Explain any four advantages of Computerised Accounting System.
22.) Calculate the amount of Total Sale of Mr. Amit from the following information for the year ended 31st March, 2018.
Total debtors as on 1st April, 2017 (₹40,000)
Total debtors as on 31st March, 2018 (₹35000)
Discount allowed (₹3000)
Bad debts (₹2000)
Return inwards (₹5000)
Cash received from debtors (₹100000)
Cash sales (₹150000)
(23) The following is the Trial Balance of Goel traders on 31st March 2018.
Debit Balance |
₹ | Credit Balance |
₹ |
Plant and Machinery |
290000 | Sundry creditors | 53350 |
Purchases | 165100 | Discount received |
2700 |
Cash at bank |
39550 | Return outward | 1000 |
Sundry Debtors | 4200 | Capital |
1000000 |
Furniture |
12000 | Sales | 268750 |
Carriage inward |
400 |
||
Land and Building |
790000 | ||
Stock (01-04-2017) |
4000 |
||
Interest |
600 | ||
Travelling expenses |
1300 |
||
Discount allowed |
1150 | ||
Return inward |
1800 |
||
Bills Receivable |
3600 | ||
Insurance |
2300 |
||
Wages |
3300 | ||
Salaries |
6500 |
||
1325800 |
1325800 |
Additional information:
(a) The stock on 31-03-2018 was valued at ₹ 4,890
(b) Provide depreciation on plant and machinery @10%
(c) Outstanding salaries was ₹2000 and unexpired insurance amounted to ₹1000.
Prepare Trading and Profit and Loss A/c for the year ended 31st March, 2018 and a Balance Sheet as on that date.
24.) What is Accounting Information System? Explain the relationship and data interface between the various sub-components of MIS.
Or
Explain any two Accounting Software’s known to you.