BANSAL COACHING CENTRE (B.C.C)
BANSAL INSTITUTE OF MODERN STUDIES (BIMS)
BANSAL COLLEGE OF MANAGEMENT AND INFORMATION TECHNOLOGY (BCMIT)
CLASS-XI (P1-ACCOUNTS)
Max. Marks: 75
Monthly Test
Time Allowed: 3 Hour’s
1. What is book-keeping?
(2)
2. Define Book-keeping.
(2)
3. What are the objectives of book-keeping?
(2)
4. What are the advantages of book-keeping?
(2)
5. What information can a businessman obtain from his book-keeping?
(2)
6. What do you mean by accounting?
(2)
7. Define Accounting.
(2)
8. What is accounting process?
(2)
9. What are the differences between book-keeping and accounting?
(3)
10. Explain the inter-relationship between book-keeping, accounting and accountancy.(3)
11. Briefly explain the users and their need for accounting information.
(3)
12. What are the branches of accounting?
(2)
13. Write short notes on :
a) Debtors
b) Creditors
c) Stock
14. Briefly explain the following terms
(3)
a) Voucher
b) Invoice
c) Account
15. Write short note on
(3)
a) Revenue
b) Purchase
c) Assets
16. What are the basic assumptions of accounting?
(2)
17. What do you mean by business entity assumption?
(2)
18. Write short notes on the following assumption.
(2)
a) Money measurement
b) Accounting period
19. What do you mean by going concern assumption?
(3)
20. What are the basic concepts of accounting?
(3)
21. What do you understand by revenue realisation concept?
(3)
22. What do you mean by historical cost concept?
(3)
23. Describe the following concepts
(2)
a) Matching
b) Full disclosure
24. What do you understand by verifiable and objective evidence concept?
(3)
25. Explain in detail the modifying principles of accounting. (3)
26. Explain the meaning of Double Entry System. (2)
27. What are the advantages of Double Entry System? (2)
28. How are accounts classified (2)
29. Classify the following items into real, personal and nominal accounts
(3)
a. Capital
b. State Bank of India
c. Purchases
d. Electricity Charges
e. Goodwill
f. Outstanding rent
30. Journalise the following transactions of Mrs.Rama
Rs. 2004,
Jan 1 Mrs.Rama commenced business with cash 30,000
2 Paid into bank 21,000
3 Purchased goods by cheque 15,000
7 Drew cash from bank for office use 3,000
15 Purchased goods from Siva 15,000
20 Cash sales 30,000
25 Paid to Siva 14,750
Discount Received 250
31 Paid rent 500
Paid Salaries 2,000
31. Journalise the following transactions of Mr.Moorthi
Rs. 2004,
June 3 Received cash from Ramkumar 60,000
4 Purchased goods for cash 15,000
11 Sold goods to Damodaran 22,000
13 Paid to Ramkumar 40,000
17 Received from Damodaran 20,000
20 Bought furniture from Jagadeesan 5,000
27 Paid rent 1,200
30 Paid salary 2,500
32. What is ledger?
33. Explain the utilities of a ledger.
34. What is a Loose-Leaf Ledger?
35. What is posting?
36. What are the steps in posting?
(3)
(3)
(2)
(2)
(2)
(2)
(2)
GOOD LUCK… GOOD LUCK… GOOD LUCK… GOOD LUCK…GOOD LUCK… GOOD LUCK…