{"id":14983,"date":"2024-02-18T09:54:30","date_gmt":"2024-02-18T04:24:30","guid":{"rendered":"https:\/\/wordpress-505192-1602719.cloudwaysapps.com\/?p=14983"},"modified":"2024-02-19T17:59:57","modified_gmt":"2024-02-19T12:29:57","slug":"tamil-nadu-11th-accountancy-previous-year-question-paper-june-2019-english-medium","status":"publish","type":"post","link":"https:\/\/samacheerkalviguru.com\/tamil-nadu-11th-accountancy-previous-year-question-paper-june-2019-english-medium\/","title":{"rendered":"Tamil Nadu 11th Accountancy Previous Year Question Paper June 2019 English Medium"},"content":{"rendered":"

Students can Download Tamil Nadu 11th Accountancy Previous Year Question Paper June 2019 English Medium Pdf, Tamil Nadu 11th Accountancy Model Question Papers<\/a>\u00a0helps you to revise the complete Tamilnadu State Board New Syllabus and score more marks in your examinations.<\/p>\n

TN State Board 11th Accountancy Previous Year Question Paper June 2019 English Medium<\/h2>\n

General Instructions:<\/p>\n

    \n
  1. The question paper comprises of four parts<\/span>.<\/li>\n
  2. You are to attempt all the parts. An internal choice of questions is provided wherever applicable.<\/li>\n
  3. All questions of Part I, II, III, and IV are to be attempted separately.<\/li>\n
  4. Question numbers 1<\/span> to 20<\/span> in Part I<\/span> are Multiple Choice Questions of one mark<\/span> each.
    \nThese are to be answered by choosing the most suitable answer from the given four alternatives and writing the option code and the corresponding answer.<\/li>\n
  5. Question numbers 21<\/span> to 30<\/span> in Part II<\/span> are two-mark<\/span> questions. These are to be answered in about one or two sentences.<\/li>\n
  6. Question numbers 31<\/span> to 40<\/span> in Part III<\/span> are three-mark<\/span> questions. These are to be answered in above three to five short sentences.<\/li>\n
  7. Question numbers 41<\/span> to 47<\/span> in Part IV<\/span> are five-mark<\/span> questions. These are to be answered in detail Draw diagrams wherever necessary.<\/li>\n<\/ol>\n

    Time: 2.30 Hours
    \nMaximum Marks: 90<\/p>\n

    Part – I<\/span><\/p>\n

    Answer all the questions. Choose the correct answer: [20 \u00d7 1 = 20]<\/span><\/p>\n

    Question 1.
    \nFinancial position of a business is ascertained on the basis of ________.
    \n(a) Journal
    \n(b) Trial balance
    \n(c) Balance Sheet
    \n(d) Ledger
    \nAnswer:
    \n(c) Balance Sheet<\/p>\n

    Question 2.
    \nWho is considered to be the internal user of the financial information?
    \n(a) Creditor
    \n(b) Employee
    \n(c) Customer
    \n(d) Government
    \nAnswer:
    \n(b) Employee<\/p>\n

    Question 3.
    \n\u201cBook-keeping is an art of recording business dealings in a set of books\u201d is said by
    \n(a) R.N.Carter
    \n(b) Menhar
    \n(c) J.R.Batlibai
    \n(d) Kohler
    \nAnswer:
    \n(c) J.R.Batlibai<\/p>\n

    \"Tamil<\/p>\n

    Question 4.
    \nIn India, Accounting Standards are issued by ______.
    \n(a) Reserve Bank of India
    \n(b) Accountant General of India
    \n(c) The Institute of Chartered Accountants of India
    \n(d) The Cost and Management Accountant of India
    \nAnswer:
    \n(d) The Cost and Management Accountant of India<\/p>\n

    Question 5.
    \nOutstanding wages is a ________.
    \n(a) Nominal account
    \n(b) Personal account
    \n(c) Real account
    \n(d) Representative personal account
    \nAnswer:
    \n(d) Representative personal account<\/p>\n

    Question 6.
    \nThe process of finding the net amount from the totals of debit and credit columns in a ledger is known as ______.
    \n(a) Casting
    \n(b) Posting
    \n(c) Journalising
    \n(d) Balancing
    \nAnswer:
    \n(d) Balancing<\/p>\n

    Question 7.
    \nThe total of the debit column is short by \u20b9 500 in the trial balance. This difference will be _____.
    \n(a) Debited to suspense account
    \n(b) Credited to suspense account
    \n(c) Adjusted to any of the debit balance
    \n(d) Adjusted to any of the credit balance
    \nAnswer:
    \n(a) Debited to suspense account<\/p>\n

    Question 8.
    \nPurchase of fixed assets on credit basis is recorded in:
    \n(a) Purchases book
    \n(b) Sales book
    \n(c) Purchases returns book
    \n(d) Journal proper
    \nAnswer:
    \n(d) Journal proper<\/p>\n

    Question 9.
    \nIn Triple column cash book, the balance of bank overdraft brought forward will appear in ______.
    \n(a) Cash column credit side
    \n(b) Cash column debit side
    \n(c) Bank column debit side
    \n(d) Bank column credit side
    \nAnswer:
    \n(d) Bank column credit side<\/p>\n

    \"Tamil<\/p>\n

    Question 10.
    \nA bank reconciliation statement is prepared with the help of ______.
    \n(a) Bank statement
    \n(b) Petty Cash book
    \n(c) Cash book
    \n(d) Bank statement and bank column of the cash book
    \nAnswer:
    \n(d) Bank statement and bank column of the cash book<\/p>\n

    Question 11.
    \nThe total of purchases book was undercast. Which of the following accounts should be credited in the rectifying journal entry?
    \n(a) Purchases account
    \n(b) Creditors account
    \n(c) Suspense account
    \n(d) Debtors account
    \nAnswer:
    \n(c) Suspense account<\/p>\n

    Question 12.
    \nThe difference in trial balance is taken to _______.
    \n(a) The capital account
    \n(b) The trading account
    \n(c) The suspense account
    \n(d) The profit and loss account
    \nAnswer:
    \n(c) The suspense account<\/p>\n

    Question 13.
    \nUnder the written down value method of depreciation, the amount of depreciation is ________.
    \n(a) Decreasing every year
    \n(b) Uniform in all the years
    \n(c) Increasing every year
    \n(d) Fluctuating every year
    \nAnswer:
    \n(a) Decreasing every year<\/p>\n

    Question 14.
    \nAdvertisement expenses amounted to \u20b9 5 crores to introduce a new product is _______.
    \n(a) Capital expenditure
    \n(b) Revenue expenditure
    \n(c) Deferred revenue expenditure
    \n(d) Capital receipt
    \nAnswer:
    \n(b) Revenue expenditure<\/p>\n

    Question 15.
    \nShort term loan is ________.
    \n(a) Liquid liability
    \n(b) Current liability
    \n(c) Fixed liability
    \n(d) Contingent liability
    \nAnswer:
    \n(b) Current liability<\/p>\n

    Question 16.
    \nBank overdraft should be shown ________.
    \n(a) In the trading account
    \n(b) On the assets side
    \n(c) Profit and Loss account
    \n(d) On the liabilities side
    \nAnswer:
    \n(d) On the liabilities side<\/p>\n

    Question 17.
    \nClosing stock is valued at _______.
    \n(a) Cost price
    \n(b) Market price
    \n(c) Cost price or market price whichever is higher
    \n(d) Cost price or net realisable value whichever is lower
    \nAnswer:
    \n(d) Cost price or net realisable value whichever is lower<\/p>\n

    Question 18.
    \nPrepaid salary will be shown on _______.
    \n(a) Debit side of trading account
    \n(b) Assets side of Balance sheet
    \n(c) Debit side of profit and loss account
    \n(d) Both (b) and (c)
    \nAnswer:
    \n(d) Both (b) and (c)<\/p>\n

    Question 19.
    \nOne of the limitations of computerised accounting system is ________.
    \n(a) System failure
    \n(b) Accuracy
    \n(c) Versatility
    \n(d) Storage
    \nAnswer:
    \n(a) System failure<\/p>\n

    \"Tamil<\/p>\n

    Question 20.
    \nAccounting software is an example of _______.
    \n(a) Utility software
    \n(b) System software
    \n(c) Application software
    \n(d) Operating software
    \nAnswer:
    \n(c) Application software<\/p>\n

    Part – II<\/span><\/p>\n

    Answer any seven questions in which question No. 30 is compulsory: [7 \u00d7 2 = 14]<\/span><\/p>\n

    Question 21.
    \nComplete the accounting equation
    \n\"Tamil
    \n\"Tamil
    \nAnswer:
    \n\"Tamil<\/p>\n

    Question 22.
    \nPrepare Furniture A\/c from the following transactions.<\/p>\n\n\n\n\n\n\n
    2017<\/td>\n<\/td>\n\u20b9<\/td>\n<\/tr>\n
    Jan. 1<\/td>\nFurniture in hand<\/td>\n20,000<\/td>\n<\/tr>\n
    Jan. 1<\/td>\nPurchased furniture for cash<\/td>\n10,000<\/td>\n<\/tr>\n
    Jan. 30<\/td>\nSold furniture<\/td>\n4,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Answer:
    \n\"Tamil<\/p>\n

    Question 23.
    \nPrepare a trial balance with the following information:
    \n\"Tamil
    \nAnswer:
    \n\"Tamil
    \n\"Tamil<\/p>\n

    \"Tamil<\/p>\n

    Question 24.
    \nEnter the following transactions in the Purchases book of M\/s. Subhashree Home Appliances.
    \n\"Tamil
    \nAnswer:
    \n\"Tamil<\/p>\n

    Question 25.
    \nWhat is bank reconciliation statement?
    \nAnswer:
    \nIf every entry in the cash book matches with the bank statement, then bank balance will be the same in both the records. But, practically it may not be possible. When the balances do not agree with each other, the need for preparing a statement to explain the causes arises. This statement is called bank reconciliation statement (BRS).<\/p>\n

    Question 26.
    \nRectify the following errors discovered before the preparation of trial balance:
    \n(a) Returns inward book was undercast by \u20b9 1,000
    \n(b) Returns outward book was overcash by \u20b9 2,000
    \nAnswer:
    \n(a) Returns inward book should be debited \u20b9 1,000
    \n(b) Returns outward book should be debited \u20b9 2,000<\/p>\n

    \"Tamil<\/p>\n

    Question 27.
    \nWhat is annuity method of calculating depreciation?
    \nAnswer:
    \nTo calculate the amount of depreciation, annuity factor is used. Annuity factor can be found out from the annuity table or by using formula.
    \nAmount of depreciation is computed as follows:
    \nAmount of depreciation = Annuity factor \u00d7 Original cost of the asset.<\/p>\n

    Question 28.
    \nWhat is meant by deferred revenue expenditure?
    \nAnswer:
    \nAn expenditure which is revenue expenditure in nature, the benefits of which is to be derived over a subsequent period or periods is known as deferred revenue expenditure.<\/p>\n

    Question 29.
    \nWrite the components of Computerised Accounting System (CAS)?
    \nAnswer:
    \nComponents of CAS can be classified into six categories, namely,<\/p>\n

      \n
    • Hardware<\/li>\n
    • Software<\/li>\n
    • People<\/li>\n
    • Procedure<\/li>\n
    • Data<\/li>\n
    • Connectivity.<\/li>\n<\/ul>\n

      Question 30.
      \nThe Trial balance as on 31st December 2018 is given below:<\/p>\n\n\n\n\n\n
      Particulars<\/td>\nDebit<\/td>\nCredit<\/td>\n<\/tr>\n
      Loan @ 10% p.a<\/td>\n–<\/td>\n4,00,000<\/td>\n<\/tr>\n
      Interest paid on loan<\/td>\n30,000<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      Pass adjusting entry for interest on loan outstanding \u20b9 10,000
      \n<\/span>Answer:
      \n\"Tamil<\/p>\n

      PART – III<\/span><\/p>\n

      Answer any seven questions in which question No. 40 is compulsory: [7 \u00d7 3 = 21]<\/span><\/p>\n

      Question 31.
      \nWrite the objectives of Accounting.
      \nAnswer:
      \nFollowing are the objectives of accounting:<\/p>\n

        \n
      • To keep a systematic record of financial transactions and events<\/li>\n
      • To ascertain the profit or loss of the business enterprise<\/li>\n
      • To ascertain the financial position or status of the enterprise<\/li>\n
      • To provide information to various stakeholders for their requirements<\/li>\n
      • To protect the properties of an enterprise and<\/li>\n
      • To ascertain the solvency and liquidity position of an enterprise<\/li>\n<\/ul>\n

        \"Tamil<\/p>\n

        Question 32.
        \nIn a Business concern \u201cOnly monetary transactions are recorded in accounting\u201d. Why?
        \nAnswer:
        \nThis concept implies that only those transactions, which can be expressed in terms of money, are recorded in the accounts. Since, money serves as the medium of exchange transactions expressed in money are recorded and the ruling currency of a country is the measuring unit for accounting.<\/p>\n

        Transactions which do not involve money will not be recorded in the books of accounts.
        \nFor example, working conditions in the work place, strike by employees, efficiency of the management, etc. will not be recorded in the books, as they cannot be expressed in terms of money.<\/p>\n

        Question 33.
        \nComplete the missing information:
        \n\"Tamil
        \nAnswer:
        \n\"Tamil<\/p>\n

        Question 34.
        \nBalan who has a car driving school gives you the following ledger balances. Prepare trial balance as on 31st December, 2016.
        \n\"Tamil
        \nAnswer:
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 35.
        \nPrepare bank reconciliation statement as on 31st December, 2017 from the following information:
        \n(a) Balance as per bank statement (pass book) is \u20b9 25,000
        \n(b) No record has been made in the cash book for a dishonour of a cheque for \u20b9 250
        \n(c) Cheques deposited into bank amounting to \u20b9 3,500 were not yet collected
        \n(d) Bank charges of \u20b9 300 have not been entered in the cash book.
        \n(e) Cheques issued amounting to \u20b9 9,000 have not been presented for payment
        \nAnswer:
        \n\"Tamil<\/p>\n

        Question 36.
        \nCalculate the amount of depreciation and depreciation rate from the following by using \u2018straight line method\u2019.<\/p>\n\n\n\n\n\n\n\n\n
        <\/td>\n\u20b9<\/td>\n<\/tr>\n
        Purchase price of a machinery<\/td>\n2,00,000<\/td>\n<\/tr>\n
        Transportation cost<\/td>\n2,000<\/td>\n<\/tr>\n
        Installation cost<\/td>\n18,000<\/td>\n<\/tr>\n
        Estimated scrap value<\/td>\n10,000<\/td>\n<\/tr>\n
        Estimated life<\/td>\n10 years<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Answer:
        \n\"Tamil
        \nNote:
        \nCost of the asset = Purchase price + Transportation cost + Installation cost
        \n= 2,00,000 + 2,000 + 18,000 = \u20b9 2,20,000<\/p>\n

        Question 37.
        \nWrite any three differences between capital, revenue and deferred revenue expenditure.
        \nAnswer:
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 38.
        \nFrom the following details for the year ended 31st March, 2018, prepare trading account:
        \n\"Tamil
        \nAnswer:
        \n\"Tamil<\/p>\n

        Question 39.
        \nThe Trial Balance of Mr.Aravind on 31.3.15 shows capital \u20b9 15,00,000. During that year he withdrew \u20b9 1,00,000 for his personal use.
        \nAdjustment: Charge interest on drawings at 5%
        \nPass adjusting entry and transfer entry.
        \nAnswer:
        \nInterest on drawings = \u20b9 1,00,000 \u00d7 5\/100 = \u20b9 5000. The adjusting entry is:
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 40.
        \nPass Adjusting Entries for the following adjustments in the books of Mr.MuraIi.
        \n(a) Closing stock – \u20b9 10,000
        \n(b) Interest received in advance – \u20b9 5,000
        \n(c) Depreciation on Machinery – \u20b9 8,500
        \nAnswer:
        \n\"Tamil<\/p>\n

        Part – IV<\/span><\/p>\n

        Answer all the questions: [7 \u00d7 5 = 35]<\/span><\/p>\n

        Question 41.
        \n(a) Mrs. Saraswathy is a sole trader dealing in sports items. From the following transactions, pass journal entries for the month of March, 2017.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        \n

        March<\/p>\n<\/td>\n

        		<\/td>\n\n

        \u20b9<\/p>\n<\/td>\n<\/tr>\n

        1<\/td>\nCommenced business with cash<\/td>\n5,00,000<\/td>\n<\/tr>\n
        2<\/td>\nCash deposited into bank<\/td>\n2,50,000<\/td>\n<\/tr>\n
        3<\/td>\nPurchased goods from Ravi<\/td>\n1,00,000<\/td>\n<\/tr>\n
        4<\/td>\nSales made to Kumar, who deposited the money through CDM<\/td>\n20,000<\/td>\n<\/tr>\n
        5<\/td>\nSold goods to Vivek, on credit<\/td>\n50,000<\/td>\n<\/tr>\n
        6<\/td>\nCash purchases<\/td>\n30,000<\/td>\n<\/tr>\n
        7<\/td>\nDividend directly received by bank<\/td>\n3,000<\/td>\n<\/tr>\n
        8<\/td>\nSalaries paid through ECS<\/td>\n6,000<\/td>\n<\/tr>\n
        9<\/td>\nMoney withdrawn from ATM<\/td>\n9,000<\/td>\n<\/tr>\n
        10<\/td>\nCricket balls donated to a trust<\/td>\n2,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Answer:
        \n\"Tamil
        \n\"Tamil<\/p>\n

        [OR]<\/p>\n

        (b) The following errors were located after the preparation of the trial balance. Assume that their exists a suspense account. Rectify them.
        \n(i) Bought goods from Lakshmi on credit for \u20b9 500. Credited to her account as \u20b9 50.
        \n(ii) Purchased machinery for cash \u20b9 2,000 was posted to machinery account.
        \n(iii) Salaries \u20b9 2,800 were posted as \u20b9 18,000
        \n(iv) The total of sales book \u20b9 890 was carried forward as \u20b9 980
        \n(v) The total of purchase book was undercast by \u20b9 1,000
        \nAnswer:
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 42.
        \n(a) Show the direct ledger postings for the following transactions:<\/p>\n\n\n\n\n\n\n\n
        2015<\/td>\n<\/td>\n\u20b9<\/td>\n<\/tr>\n
        June 1<\/td>\nSubash commenced business with cash<\/td>\n50,000<\/td>\n<\/tr>\n
        June 5<\/td>\nSold goods for cash<\/td>\n10,000<\/td>\n<\/tr>\n
        June 8<\/td>\nGoods purchased for cash<\/td>\n5,000<\/td>\n<\/tr>\n
        June 20<\/td>\nGoods purchased from Shankar on credit<\/td>\n6,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Answer:
        \n\"Tamil
        \n\"Tamil
        \n\"Tamil
        \n\"Tamil<\/p>\n

        [OR]<\/p>\n

        (b) Enter the following transactions in three column cash book of Mr. Raja.
        \n\"Tamil
        \nAnswer:
        \n\"Tamil<\/p>\n

        Question 43.
        \n(a) Prepare accounting equation for the following transactions.<\/p>\n\n\n\n\n\n\n\n
        (i) Mrs. Rani started business with cash<\/td>\n\u20b9 50,000<\/td>\n<\/tr>\n
        (ii) Opened bank account with a deposit of<\/td>\n\u20b9 10,000<\/td>\n<\/tr>\n
        (iii) Bought goods from Ravi on credit for<\/td>\n\u20b9 12,000<\/td>\n<\/tr>\n
        (iv) Sold goods (costing 10,000) for<\/td>\n\u20b9 15,000<\/td>\n<\/tr>\n
        (v) Salaries paid for<\/td>\n\u20b9 5,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Answer:
        \n\"Tamil<\/p>\n

        (b) From the following information, prepare the necessary subsidiary books for Nalanda Book stores.
        \n\"Tamil
        \nAnswer:
        \n\"Tamil
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 44.
        \n(a) Ram and Co. purchased on 1st April 2014, a plant and machinery for \u20b9 6,50,000 and spend \u20b9 50,000 on its installation. After having used it for three years, it was sold for \u20b9 4,00,000. Depreciation is to be provided every year at the rate of 15% per annum on the fixed instalment method. Accounts are closed on 31st March every year. Prepare plant and machinery account and depreciation account for three years.
        \nAnswer:
        \nWorkings:
        \n\"Tamil
        \n\"Tamil<\/p>\n

        [OR]<\/p>\n

        (b) From the following balances obtained from the books of Mr. Ramesh, prepare trading and profit and loss account.
        \n\"Tamil
        \nClosing stock on December 31.12.17 was \u20b9 10,000\/-
        \nAnswer:
        \n\"Tamil
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 45.
        \n(a) Enter the following transactions in Rahim’s petty cash book with analytical columns under imprest system:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        2017<\/td>\n<\/td>\n\u20b9<\/td>\n<\/tr>\n
        Jan. 1<\/td>\nBalance on hand<\/td>\n250<\/td>\n<\/tr>\n
        Jan. 1<\/td>\nCash received from chief cashier<\/td>\n1,750<\/td>\n<\/tr>\n
        Jan. 2<\/td>\nPurchased pencil, rubber and paper<\/td>\n200<\/td>\n<\/tr>\n
        Jan. 4<\/td>\nSent documents to Head office by Registered post<\/td>\n150<\/td>\n<\/tr>\n
        Jan. 5<\/td>\nTravelling expenses paid to salesman<\/td>\n200<\/td>\n<\/tr>\n
        Jan. 17<\/td>\nPaid for sundry expenses<\/td>\n80<\/td>\n<\/tr>\n
        Jan. 19<\/td>\nPaid for office expenses<\/td>\n100<\/td>\n<\/tr>\n
        Jan. 11<\/td>\nPaid for letter pad<\/td>\n175<\/td>\n<\/tr>\n
        Jan. 13<\/td>\nPaid to Amutha on account<\/td>\n65<\/td>\n<\/tr>\n
        Jan. 15<\/td>\nPaid for repairs to furniture<\/td>\n80<\/td>\n<\/tr>\n
        Jan. 18<\/td>\nCarriage paid<\/td>\n90<\/td>\n<\/tr>\n
        Jan. 20<\/td>\nBrought postal stamps<\/td>\n50<\/td>\n<\/tr>\n
        Jan. 22<\/td>\nPaid for telephone charges<\/td>\n175<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Answer:
        \n\"Tamil<\/p>\n

        [OR]<\/p>\n

        (b) From the following particulars of Meenakshi Traders, prepare a bank reconciliation statement as on 31st March 2018.
        \n(i) Debit balance as per cash book \u20b9 10,500.
        \n(ii) Cheque deposited into bank amounting to \u20b9 5,500 credited by bank, but entered twice in the Cash book.
        \n(iiii) Cheques issued and presented for payment amounting to \u20b9 7,000 omitted in the cash book.
        \n(iv) Cheque book charges debited by the bank \u20b9 200 not recorded in the cash book.
        \n(v) Cash of \u20b9 1,000 deposited by a customer of the business in cash deposit machine not recorded in the cash book.
        \nAnswer:
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 46.
        \n(a) The following are the extracts from the trial balance:<\/p>\n\n\n\n\n
        Particulars<\/td>\nDr. (\u20b9)<\/td>\nCr.(\u20b9)<\/td>\n<\/tr>\n
        Sundry Debtors Bad debts<\/p>\n

        Provision for doubtful debts<\/td>\n

        		75,000<\/p>\n

        5,000<\/td>\n

        		2,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Additional Information:
        \n(i) Additional bad debts \u20b9 5,000
        \n(ii) Provision for bad and doubtful debts @ 5% on sundry debtors.
        \nYou are required to pass necessary adjusting entries and show how these items will appear in profit and loss account and balance sheet.
        \nAnswer:
        \n\"Tamil
        \n\"Tamil<\/p>\n

        [OR]<\/p>\n

        (b) Record the following transactions in the sales book and sales returns book of M\/s. Roobini and Co., and post them to ledger.
        \n\"Tamil
        \nAnswer:
        \n\"Tamil
        \n\"Tamil
        \n\"Tamil<\/p>\n

        \"Tamil<\/p>\n

        Question 47.
        \n(a) Consider the following balances, extracted from the books of Jain as on 31st December 2016. Prepare the final accounts.
        \n\"Tamil
        \nAdjustments:
        \n(i) Salaries outstanding for December, 2016 amounted to \u20b9 600
        \n(ii) Provide depreciation on furniture @ 10% p.a
        \n(iii) Provide Interest on capital for the year @ 5 % p.a
        \n(iv) Stock on 31st December, 2016 \u20b9 14,000
        \nAnswer:
        \n\"Tamil
        \n\"Tamil<\/p>\n

        [OR]<\/p>\n

        (b) Write the advantages of Computerised Accounting System.
        \nAnswer:
        \nAdvantages of Computerised Accounting System:
        \nThe main advantages of computerised accounting system are as follows:<\/p>\n

        Faster processing: Computers require far less time than human beings in performing a particular task. Therefore, accounting data are processed faster using a computerised accounting system.<\/p>\n

        Accurate information: There is less space for error because only one account entry is needed for each transaction unlike repeated posting of the same accounting data in manual system.<\/p>\n

        Reliability: Computer systems are immune to boredom, tiredness or fatigue. Therefore, these can perform repetitive functions effectively and are highly reliable.<\/p>\n

        Easy availability of information: The data are easily available and Can be communicated to different users at the same time.<\/p>\n

        Up-to-date information: Account balances will always be up to date since the records are automatically updated as and when accounting data are entered or stored.<\/p>\n

        Efficiency: The computer based accounting system ensures better use of time and resources.<\/p>\n

        Storage and retrieval: Computer based systems require a fractional amount of physical space as compared to the books of accounts in the form of journals, ledgers and accounting registers.<\/p>\n

        Works as a motivator to employees: Employees using computer systems feel more valued as they are trained and specialised for the job.<\/p>\n

        Automated document production: Accounting reports like trial balance and financial statements are generated automatically and are easily accessible just by a click of the mouse.<\/p>\n

        MIS Reports: It is easier to monitor and control the business using the real time management reports generated by the computerised information systems.<\/p>\n","protected":false},"excerpt":{"rendered":"

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