Unit Test
Class XI.C Accountancy Marks :20
Time :1 hrs
1. What you mean by Balance Sheet? [2]
2. Explain the concept of Income statements with a sample
format.[6]
3. List out the uses of preparing Income statement and position
statement. [2]
4.
Prepare a Trading Account for the year ended 31st December
2016 from the following balances: [5]
|
Items
|
Rs.
|
Items
|
Rs.
|
|
Opening
Stock
|
4,00,000
|
Purchases
Return
|
1,20,000
|
|
Purchases
|
20,00,000
|
Sales
Return
|
2,00,000
|
|
Sales
|
50,00,000
|
Carriage on
Purchase
|
80,000
|
|
Freight and
Octroi
|
65,000
|
Carriage on
sales
|
1,00,000
|
|
Wages
|
3,00,000
|
Factory
Rent
|
1,20,000
|
|
Factory
Lighting
|
1,08,000
|
Office Rent
|
75,000
|
|
Coal, Gas
and Water
|
22,000
|
Import Duty
|
3,20,000
|
Closing Stock
is valued at Rs. 6,00,000.
5.
From the following particulars, prepare a Profit & Loss Account for
the year ending 31st December, 2017. [5]
|
|
Rs.
|
|
Rs.
|
|
Gross
Profit
|
21,05,000
|
Discount
allowed
|
30,000
|
|
Trade
Expenses
|
20,000
|
Lighting
|
7,800
|
|
Carriage on
Sales
|
1,00,000
|
Commission
Received
|
8,400
|
|
Office
Salaries
|
1,58,000
|
Bad-debts
|
12,000
|
|
Postage and
Telegram
|
7,200
|
Discount
(Cr.)
|
6,000
|
|
Office Rent
|
75,00
|
Interest on
Loan
|
22,000
|
|
Legal
Charges
|
4,000
|
Stable
Expenses
|
14,000
|
|
Audit Fee
|
16,000
|
Export Duty
|
23,000
|
|
Donation
|
11,000
|
Miscellaneous
Receipts
|
5,000
|
|
Sundry
Expenses
|
3,600
|
Unproductive
Expenses
|
41,000
|
|
Selling
Expenses
|
53,200
|
Travelling
Expenses
|
25,000
|
