SUMMATIVE Assessment II

March 2010
Design of the Question Paper
Type of questions No. of questions Marks for each
question
Total
marks
MCQs 16 1 16
Short answer questions 16 3 2
!on" answer questions # 16
!on" answer questions ## 6 2
32 questions $% marks
&uration of the e'amination will (e 3 ) 3 * hours.
+,aluation will (e -one from followin" topics
.nit /ournal 2%
.nit 0 !e-"er 2%
.nit 6 1ecor-in" an- postin" of cash transaction 2%
.nit 2 Trial (alance 2%
$% marks

SAMPLE QUESTION PAPER-I
ELEMENTS OF BOOK-KEEPING & ACCOUNTANCY
CLASS IX
TIME : 3Hrs. Marks-80
General Instructions:
1. The Question Paper has 32 questions in all.
2. All questions are compulsory.
3. Questions from serial No. 1 to 16 are multiple choice questions. These are to be
answered by writin the correct option in your answer sheet.
!. Attempt all parts of a question toether.
Q.1 Business transactions are recorded:-
(a) in chronoloical order
(!) "eekl#
(c) at the end o$ the %onth
Q.& Trial Balance is 're'ared enerall# $or a 'articular 'eriod "hich is (
(a) "eek
(!) %onth
(c) Quarter
(d )ear

Q.3 *oods returned o$ +s. ,00-- !# .nil "ill !e entered in-
(a) /urchases Book
(!) /urchases +eturns .-c
(c) 0ales Book
(d) 0ales +eturns Book
Q.1 /ur'ose o$ 0ales Book is-
(a) To record all sales %ade !# the 2r%
(!) To record 'a#%ent due to creditors
(c) To record all credit sales %ade !# the 2r%
(d) to record credit sales o$ oods %ade !# the 2r%
Q., 0alaries 'aid to sta3 "ill !e de!ited to "hich .-c(
(a) 0alar# .-c
(!) 4ash .-c
(c) 0ta3 .-c
(d) E5'ense .-c
Q.6 . leder is called a !ook o$ :-
(a) /ri%ar# entr#
(!) 0econdar# entr#
(c) 7inal entr#
Q.8 . 9eder .ccount is 're'ared $ro%:-
(a) e:ents
(!) transactions
(c) ;ournal
Q.8 4ash !ook is used to record.
(a) .ll 4ash recei'ts onl#.
(!) .ll 4ash 'a#%ents onl#
(c) .ll 4ash < credits sales
(d) .ll recei'ts < 'a#%ents o$ 4ash
.Q.= >h# is ;ournal called a !ook o$ oriinal entr#(

Q.10 Transactions entered on the de!it side o$ cash !ook are 'osted to "hich side
o$ concerned leder .ccount(
Q.11 I$ the total o$ the de!it side o$ cash !ook e5ceeds the total on the credit side
"hat does it indicate.
Q.1&. >hat is the %eanin o$ I%'rest 0#ste% o$ /ett# 4ash(
Q.13. >hat is %eant !# the ter% Trial Balance(
Q.11. Is .ree%ent o$ Trial Balance the 2nal 'roo$ $or accurac# o$ accounts(
Q.1,. ?a%e the t"o %ethods o$ 're'arin a Trial Balance.
Q.16. >hat is the %eanin o$ 9eder(
Q.18. /re'are the /urchases Book 7ro% the $ollo"in details:-
(a). /urchase o$ oods costin +s. ,000 $ro% M-s. +a%esh :ide in:oice no. 1&0
dated 1,.0=.&00=
(!). /urchase o$ 7i5ed .ssets costin +s. 8000 $ro% M-s. +enu :ide in:oice no. 016
dated &0.0=.&00=.
(c) /aid "aes +s. 600 in cash :ide recei't no.16 dated &,.0=&00=.
Q.18. 4lassi$# the $ollo"in under the three t#'es o$ accounts ( +eal@ ?o%inal or
/ersonal):
(a) Ara"ins (!) 4ash
(c) 4a'ital (d) Machiner#
(e) Bank ($) Ae'reciation
Q.1= . *i:e an# three uses o$ a leder.
Q.&0 Ai3erntiate !et"een ;ournal and 9eder on the !asis o$ an# three 'oints.
Q.&1 4ash Book is !oth a ;ournal < a leder (E5'lain)
Q.&&.*i:e three e5a%'les o$ entries "hich a''ear in a B;ournal /ro'erC.
Q.&3 . >rite an# three li%itation o$ 're'arin a Trial Balance.
Q.&1. 0tate "hether the $ollo"in "ill ha:e de!it or credit !alance (
(a) 0ales (!) /urchase +eturn (c) 4a'ital (d) 0alar#
(e) +ent /aid ($) /urchases
Q.&,. Enter the $ollo"in transactions in a a''ro'riate 0u!sidiar# Books o$
+a%esh $or the %onth o$ ;anuar# &00=:
Aate Transactions +s.
;an.1
;an.,.
;an.1,
;an.&,
0old oods to +a%
/urchased oods $ro% Hari +a%
+eturned oods to Hari +a%
+a% +eturned *oods
,@000
&@000
,00
800
Q.&6. +earrane the $ollo"in ste's in 're'arin leder:
1. Enter the rele:ant a%ount in the Ba%ountC colu%n .
&. +ecord the 'ae no. o$ the ;ournal .
3. Identi$# in the 9eder the account in "hich transactions are to !e recorded.
1. Enter the date o$ the transaction in the date colu%n.
Q.&8. Insert the $ollo"in in Ta!ular /ett# 4ash Book. Dn 1
0t
7e!. &00= +s. 10 "ere
i:en to 'ett# cash clerk.
1
7e!&00= Transactions .%ount (+s.)
1.
&.
8.
1&.
11.
1,
4ho"kidarCs >aes
/encils
+ail"a#s $reiht on .ccount o$ !ooks
/ostae 0ta%'s
Telera%s
0undr# E5'enses
1,.00
,.&,
&.31
1.&,
&.11
0.,6
&8. >hat is the %ain o!Eecti:e o$ 're'arin a Trial Balance(
1
Q.&=. ;ournalise the $ollo"in transactions 6
Aate Transactions +s.
&00=
;an.1
;an.3
;an .8
;an.&0
;an.&,
;an.30
0tarted !usiness "ith cash
0old *oods to +ohan
*oods 'urchased $ro% 0ohan
/aid +ent
4o%%ission +ecei:ed
Machinar# 'urchased
,0@000
10@000
&0@000
,00
&00
10@000
Q.30. /ass the ;ournal Entries o$ M-s. +a% Traders. /ost the% to the 9eder $ro% the
$ollo"in transactions: 6
Aate Transactions +s.
&00=
.'ril 1
.'ril 3
.'ril ,
.'ril 1,
4o%%enced Business "ith cash
/urchased 7urniture
*oods 'urchased
4ash 0ales
1@,0@000
&,@000
30@000
10@000
Q.31.7ro% the $ollo"in in$or%ation@ dra" u' a Trial Balance in the !ooks o$ 0hri
0u!hash 4hand as on 31
st
March@&00=: 6
Transactions +s. Transactions +s.
4a'ital
/urchases
4ash in Hand
4ash at Bank
Electricit# e5'.
0tationer#
DFce EGui'%ent
0undr# Ae!tors
Machiner#
0alaries
1@,0@000
10@000
8@000
8@,00
1@800
,00
&@100
8@000
1@60@000
11@100
0ales
0undr# 4reditor
+ent
7urniture
Bank 9oan
In:est%ent
4o%%ission 'aid
D'enin 0tock
4o%%ission +ecei:ed
/ostae < Telera%

1@0,@100
,@000
&@000
16@000
10@000
6@000
1@0,0
3@&00
1@&00
8,0
Q.3&./re'are a 4ash Book "ith discount colu%n o$ 0hri 0h#a% $ro% the $ollo"in
transaction. Enter the $ollo"in in 0hri 0h#a%Cs 4ash Book and sho" the Balance:
&00=
March 1 Balance o$ cash in Hand +s. &,@000
March 3 +ent 'aid +s. &@000
March , /urchased oods $or cash +s. 10@000
March 10 0tationer# 'urchased +s. &@,00
March 1& 0old *oods $or 4ash $or +s. 8@000
March 1, 4ash recei:ed $ro% +a% +s. =80 and discount allo"ed +s.&0
March 18 4ash 'aid to 0h#a% +s.=,0 and discount +ecei:ed +s.,0
March &, >aes /aid +s. &@000 6
ELEMENTS OF BOOK-KEEPING & ACCOUNTANCY
SAMPLE PAPER-I
Marking Sch!
Q.1. (a)
Q.&. (d)
Q.3. (d)
Q.1.(d)
Q.,. (a)
Q.6. (c)
Q.8. (c)
Q.8. (d)
Q.=. It is a !asic !ook o$ oriinal entr# in "hich transactions are anal#sed !e$ore
the# are 'osted in the leder.
Q.10. 4redit 0ide.
Q.11. 4ash in hand at the end o$ the 'eriod.
Q.1&. Hnder the I%'rest s#ste%@ the Head cashier %akes the rei%!urse%ent o$ the
a%ount s'ent !# the 'ett# cashier.
Q.13. Trial Balance is a state%ent "hich sho"s either the !alance or total a%ounts
o$ de!it ite%s and credit ite%s o$ all accounts in the leder and the cash and !ank
!alances.
Q.11. ?o
Q.1,. (a) Balance Method (!) Total .%ount Method
Q.16. . 9eder is a 'rinci'al !ook "hich contains all the accounts to "hich the
transactions recorded in the !ooks o$ oriinal entr#.
Q.18. /urchase Book Balance +s. ,@000
Q.18 (a) /ersonal .ccount (!) +eal .ccount (c) /ersonal .ccount (d) +eal
.ccount (e) /ersonal .ccount ($) ?o%inal .ccount
Q.1=. (i) It 'ro:ides co%'lete in$or%ation a!out all accounts in one !ook.
(ii) It $acilitates the 're'aration o$ 2nal accounts.
(iii) It ena!les to ascertain "hat the %ain ite%s o$ re:enues@ e5'enses@
assests and lia!ilities are and o$ "hat a%ounts.
Q.&0.
/oint o$
Aistinction
;ournal 9eder
1. ?ature
&. 0tae o$
+ecordin
3. Balancin
It is a !ook o$ 'ri%ar#
entr#
+ecordin in the Eournal
is the 2rst stae.
;ournal is not !alanced
It is a !ook o$ 2nal entr#
+ecordin in the leder is the
second stae.
.ll leder accounts (e5ce't
no%inal accounts) are !alanced in
the leder
Q.&1. The 4ash Book is a !ook o$ oriinal entr# since transactions are recorded $or
the 2rst ti%e $ro% the source docu%ent. The 4ash Book is a leder in the sense that
it is desined in the $or% o$ a 4ash .ccount and records 4ash recei'ts on the de!it
side and cash 'a#%ents on the credit side@ Thus@ the 4ash Book is !oth a Eournal
and a leder.
Q.&&.(i) Dutstandin E5'enses. (ii) /re'aid E5'enses (iii) Entries $or Aishonor o$
Bills.
Q.&3. 9i%itation o$ a Trial Balance- . Trial Balance is not a conclusi:e 'roo$ o$ the
accurac# o$ the !ooks o$ accounts since certain t#'es o$ errors re%ain e:en "hen
the Trial Balance tallies. The $ollo"in errors do not a3ect the Trial Balance at all.
(a) Error o$ /rinci'le@ (B) 4o%'ensatin error@ (c) Error o$ co%'lete o%ission (d)
Error o$ +ecordin in the !ooks o$ oriinal entr#.
Q.&1 (a) 4redit (!) 4redit (c) 4redit (d) Ae!it (e) Ae!it ($) Ae!it
Q.&,. 0ales Book +s. ,@000@ /urchase Book +s. &@000@ /urchase +eturn Book
+s. ,00@ 0ales +eturn Book +s. 800.
Q.&6 In order o$ 3-1-&-1.
Q.&8. Total /a#%ent +s. &6.81
Balance c-d +s. 13.1=
*rand Total +s. 10.00
4ash +eGuired +s. &6.81
Q.&8. (i) To ascertain the arith%etical accurac# o$ 9eder accounts.
(ii) To hel' in locatin errors.
(iii) To $acilitate the 're'aration o$ 2nancial state%ents.
Q.&=
Aate /articulars Ae!it (+s.) 4redit (+s.)
&00=
;an.1
4ash .-c Ar.
To 4a'ital .-c
(Bein the !usiness started "ith
cash)
,0@000
,0@000
;an.3 +ohan Ar.
To 0ales .-c
(Bein the oods sold to +ohan)
10@000
10@000
;an.8 /urchase .-c Ar.
To 0ohan
(Bein the oods 'urchased $ro%
0ohan)
&0@000
&0@000
;an.&0 +ent .-c Ar.
To 4ash .-c
(Bein the rent 'aid)
,00
,00
;an. &, 4ash .-c Ar.
To 4o%%ission +ecei:ed
.-c
(Bein the co%%ission recei:ed)
&00
&00
;an.30 Machinar# .-c Ar.
To 4ash .-c
(Bein the %achiner# 'urchased)
10@000
10@000
1@&0@800 1@&0@800
Q.30. Balance o$ $ollo"in leder 4ash .-c +s. 1@ 3,@000@ 7urniture .-c +s.
&,@000@ /urchase .-c +s. 30@000@ 0ales .-c +s. 10@000.
Q.31. Trial Balance Total +s. &@ 81@600.
Q.3&. 4ash Book Balance 4-A +s. 16,30.00@ Aiscount Ar. +s. &0.00@ Aiscount 4r. +s.
,0.00.