1st PUC Accountancy Question Bank Practical Oriented Questions

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Karnataka 1st PUC Accountancy Question Bank Practical Oriented Questions

1st PUC Practical Oriented Questions

Question 1.
Mention the accounting equation and also give examples with balance sheet.
Answer:
Accounting equation => Capital = Assets + Liability
Example:
(i) Anil started business with cash Rs. 50000 Accounting equation => Capital = Assets + Liabilities
∴ Capital = 50,000, Assets (cash) = 50,000
∴ 50,000 =50,000

(ii) Purchase goods for Rs. 20,000
Capital = 50,000, Cash = 50,000-20,000 = 30,000 Stock = 2,000
∴ Capital = Cash + Stock
50,000 = 30,000 + 20,000

Question 2.
Write the specimen of accounting cycle.2009, 2011(S), 2008, 2009, 2010(N), 2012(N)
Answer:

Question 3.
Pass journal entries from the ledger given. 2009(S)

Answer:

Question 4.
Prepare the format of a bills of exchange. 2008(N), 2009, 2010. 2011(S), 2012(N) and (S)
Answer:

Question 5.
Give the speciman of an Invoice. 2011(S), 20011(N)
Answer:

Question 6.
Write the speciman of debit note. 2009, 2010(N) 2009(S)
Answer:

Question 7.
Write the speciman of credit note.
Answer:
Specimen of Credit note

Question 8.
Write the accounting equation find out missing figures. 2009(N)

Answer:
Accounting equation
Asset = Capital + Liabilities
(i) 40,000 = Capital-20,000
Capital = 40,000 -20,000
Capital = 20,000

(ii) Assets = 15,000 + Liabilities + 20,000
∴ Assets = 45,000

(iii) 50,000 = Liabilities + 2,000
Liabilities = 50,000 – 20,000
∴ Liabilities = 30,000

Question 10.
Prepare a trading a/c with five imaginary figures. 2008(N), 2010(S), 2012(N)
Answer:

Question 11.
Write the specimen of profit and loss account with imaginary figures.
Answer:

Question 12.
Prepare Balance sheet speciman with imaginary figures. 2010(S)
Answer:

Question 13.
Prepare a Trial balance with ten imaginary figures. 2008(S)
Answer:

Question 14.
Prepare a capital ledger a/c for the following transaction.
01- 07 – 2008 Savith commenced business with cash Rs. 20000 machinery Rs. 10000 and building Rs. 15000.
18 – 07 – 2008 She withdraw Rs. 5000
20 – 07 – 2008 the netprofit earned rs. 1,000
Answer:

Question 15.
Write the specimen of journal and ledger
Answer:

Question 16.
Write the specimen of simple cash book with five imaginary items. 2010(N), 2008, 2010(S)
Answer:

Question 17.
Prepare a machinery account for two years with imaginary figures under
(a) Straight line method
(b) Diminishing balance method.
Answer:

Question 18.
Prepare a statement of affairs with five imaginary figures.
Answer:

Question 19.
Draw a block diagram of main components of computer.
Answer: