Bihar Board Model Question Paper Accountancy Class XI – 1

Model Paper Class XI

ACCOUNTANCY

Time : 3 Hrs. Total Marks : 100

General Instructions:

(i). All Questions are compulsory

(ii). There is No negative marking for any wrong answer.

(iii). Questions are in two sections.

OBJETIVE QUESTIONS:

1. ER relationship can be made :
(a) one to one (b) one to many

2. Main functions of Accounting Information system are :
(a) Datacollection (b) Data Storage
(c) Document Preparation (d) All of above

3. Following are the features of Accounting Information system :
(a) Objective (b) Structure

4. Advantages of computerized Accounting are :
(a) Timely Reporting (b) Secured

5. Excess of Assets over Liabilities is called :
(a) Creditors (b) Profit

6. One who draws the bill is called :
(a) Drawer (b) Drawce

7. According to Single Eintry system, drawings is udded at the time of calculating profit to :
(a) Closing capital (b) Opening capital
(c) Not in any capital (d) None of these

8. For the test of mathematical accurancy of Ledger we make :
(a) Profit & loss A/c (b) Balance sheet

9. Errors disclosed by Trial Balance are :
(a) error of addition or subtraction (b) Entering wrong amount
(c) Omission of the posting of any entry (d) All of above

10. Bank Reconcilliation statement is prepared by :
(a) Businessman (b) By Bank

11. Head Cashier advances a certainamount to petty cashier for petty expenses in the beginning of a
month, is called :
(a) Cash (b) Imprest Amount

12. Which journalizing Goods are known as :
(a) Purchases and sales (b) Stock
(b) Purchase Return & Sales Return (d) All of above

13. Accounting period concept means :
(a) Duration of 12 months (b) Duration of Accounting works
(c) Duration of Business (b) All of above

14. Accounting standard Board was established in :
(a) 1971 (b) 1999 (c) 1977 (d) 1980

15. Full form of GAAP :
     (a) General Advanced Accounting Principle
     (b) Generally Accepted Accounting Principle
     (c) Generally Accepted Advanced Principle
     (d) None of these

16. From Trading Account we get :
(a) Gross Profit/loss (b) Net Profit/loss

17. Drawings is .............. to Capital :
(a) Added (b) Subtracted

18. Desentures are :
(a) Fixed Liabilities (b) Current Liabilities

19. Working Capital = ..........
     (a) Current Liabilities — Current Assets
     (b) Current Assets — Current Liabilites
     (c) Current Assets — Fixed Assets
     (d) Fixed Liabilities — Fixed Assets

20. Those Liabilities which are not Liabilities at present but after some special incident, they may become
liabilities are called :
(a) Fixed liabilities (b) Current liabilities
(c) Contigent liabilities (d) None of these

21. Cross Profit = Sales – ?
(a) Net profit (b) Purchases

22. When opening stock is transferred to Trading Account then :
(a) Trading A/c is credified (b) Opening Stock is credifed
(c) Both (d) None of these

23. Advertisement Expresses are :
(a) Capital Expenditure (b) Revenue Expenditure
(c) Deterred Revenue Expenditure (d) None of above

24. Capital ntroduced by the owner is :
(a) Revenue Receipts (b) Capital Receipts

25. Commission in cross profit can be calculated by :
(a) Cross Profit × Rate/100 (b) Net Profit × Rate/100
(c) Gross Profit × Rate/100 + rate (d) Cross Profit × Rate/100 – rate

Instructions : Q. No. 26-30 From the two statements are given. You have choose from the following options :

     (a) If both statements are true and statement I is the correct explanation of statement I.
     (b) It both the statement are true but statement II is not the correct explanation of statement I.
     (c) If statement I is true but statement II is tabe.
     (d) If statement I is tabe but statement II is true.

26. Statement I – When case comes, it is debited.
Statement II – Cash is a real A/c.

27. Statement I – When we get discount, it is debited.
Statement II – Discount is a Nominal A/c.

28. Statement I – Prepaid commission is a personal A/c.
Statement II – All those accounts which we related to outstanding items and prepaid items are called Representative Personal A/c.

29. Statement I – Own business is not something. A business is as much as a few others have to make do.
Statement II – the sum of assets of a business are equal to liabilities.

30. Statement I – Every transactions have you aspects/sides.
Statement I – Profit and loss are two sides of a business.

Instructions : Q. No. 31-34 there are two columns. You have to match the correct options of column–I to column–II.

Column I	Column II
31. Currebt Liab	(a) Outstanding Exp
32. Current Assets	(b) Goodwill
33. tangible Assets	(c) Machinery
34. Intangible Assets	(d) Prepaid Exp

Instructions : In Q. No. 35 there is a paragraph followed by three questions. You have to mark correct alternative from the option given in those questions.

35. X Ltd. purchased a machinery on 1st Jan 1994 for Rs. 55000 and spent 3000 on its cartage and Rs. 2000 on its erection. x Ltd. writes off depreciation (a) 10% p.a on original cost. You have to calculate :

(i). Machinery A/c will be debited by what amount ?
(a) 55,000 (b) 58000 (c) 60,000 (d) 1,00,000

(ii). Depreciation will be charged annually :
(a) 5,000 (b) 3,000 (c) 6,000 (d) None

(iii). After charging deprciation amount will balance in Machinery A/c at the end of Ist year :
(a) 55,000 (b) 54,000 (c) 60,000 (d) None

Instructions : Q. No. 35 In there may be more than one correct answer. You have to marks all the correct answers.

     (i). Following are the objectives of preparing Trial Balance.
         (a) Knowledge of Balances     (b) Comparative Decisions
         (c) Detection of Errors           (d) Ascertatin of profit & loss.

(ii). Different Methods of preparing Trial Balance is :
(a) Balance Method (b) Total Method

    (iii). Following are the errors :
        (a) Errors of omssion         (b) Error of Principle
        (c) Compensating Errors    (d) three-sided errors

Post Comment

OR Post Comment Using Your FaceBook Account