{"id":17691,"date":"2020-01-03T17:36:47","date_gmt":"2020-01-03T12:06:47","guid":{"rendered":"https:\/\/kseebsolutions.guru\/?p=17691"},"modified":"2021-07-02T15:31:22","modified_gmt":"2021-07-02T10:01:22","slug":"1st-puc-accountancy-model-question-paper-1","status":"publish","type":"post","link":"https:\/\/kseebsolutions.guru\/1st-puc-accountancy-model-question-paper-1\/","title":{"rendered":"1st PUC Accountancy Model Question Paper 1 with Answers"},"content":{"rendered":"<p>Students can Download 1st PUC Accountancy Model Question Paper 1 with Answers, Karnataka <a href=\"https:\/\/kseebsolutions.guru\/1st-puc-accountancy-model-question-papers-with-answers\/\">1st PUC Accountancy Model Questions with Answers<\/a> helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations.<\/p>\n<h2>Karnataka 1st PUC Political Science Model Question Paper 1 with Answers<\/h2>\n<p>Time: 3.15 minutes<br \/>\nMax. Marks: 100<\/p>\n<p style=\"text-align: center;\">SECTION &#8211; A<\/p>\n<p><span style=\"color: #0000ff;\">I. Answer any 8 questions each carries 1 mark. (1 \u00d7 8 = 08)<\/span><\/p>\n<p>Question 1.<br \/>\nWhat is accounting?<br \/>\nAnswer:<br \/>\nAccounting is an art of recording, classifying, measuring and summarizing in terms of money, of the business transaction.<\/p>\n<p>Question 2.<br \/>\nWhat is cost concept?<br \/>\nAnswer:<br \/>\nAn assets acquired by a concern is recorded in the books of accounts at cost called cost concept.<\/p>\n<p>Question 3.<br \/>\nClassify the English system of account.<br \/>\nAnswer:<br \/>\nThe three types of accounts under English system are:<\/p>\n<ul>\n<li>Personal account<\/li>\n<li>Real account<\/li>\n<li>Nominal account<\/li>\n<li>Revaluation or valuation account<\/li>\n<\/ul>\n<p>Question 4.<br \/>\nWhat are contra entries?<br \/>\nAnswer:<br \/>\nA single transaction entering both the side of two or three column cash book called contra entries.<\/p>\n<p>Question 5.<br \/>\nWhat is Trial balance?<br \/>\nAnswer:<br \/>\nTrial balance is the list of all debit and credit balances of accounts taken out from the ledger at a given period.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 6.<br \/>\nWhat is Bills Payable?<br \/>\nAnswer:<br \/>\nA bill which is accepted by a party and for which he has to pay money called bills payable. Bills payable is a liability.<\/p>\n<p>Question 7.<br \/>\nMention any four items appeared in Trading account debit side.<br \/>\nAnswer:<br \/>\nThe items appeared in trading a\/c debit side are:<\/p>\n<ol>\n<li>Purchases<\/li>\n<li>Wages<\/li>\n<li>Freight charges<\/li>\n<li>Factory expenses<\/li>\n<\/ol>\n<p>Question 8.<br \/>\nWhat is Adjusted closing capital under Single Entry system?<br \/>\nAnswer:<br \/>\nUnder single entry system adjusted capital means, closing capital adjusted with drawings and additional capital called adjusted capital [Closing capital + Drawings &#8211; Additional Capital = Adjusted Capital].<\/p>\n<p>Question 9.<br \/>\nState any two types of computers.<br \/>\nAnswer:<br \/>\nThe types of computer are:<\/p>\n<ol>\n<li>Super Computer<\/li>\n<li>Main Frame Computer<\/li>\n<li>Mini Computer<\/li>\n<li>Micro Computer.<\/li>\n<\/ol>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 10.<br \/>\nWhat is computerised accounting system?<br \/>\nAnswer:<br \/>\nIt is an accounting information system that processes the financial transaction and events as per GAAP.<\/p>\n<p style=\"text-align: center;\">SECTION &#8211; B<\/p>\n<p><span style=\"color: #0000ff;\">II. Answer any 5 questions each carries 2 marks. (2 \u00d7 5 = 10)<\/span><\/p>\n<p>Question 11.<br \/>\nIf accounting information is not clearly presented, which of the qualitative characteristics of accounting is violated?<br \/>\nAnswer:<br \/>\nIf accounting information is not clearly presented, then the qualitative characteristics like comparability, reliability &amp; understandability are violated.<\/p>\n<p>Question 12.<br \/>\nState the two systems of book-keeping.<br \/>\nAnswer:<br \/>\nThe two systems of book-keeping are:<\/p>\n<ol>\n<li>Single entry system of book-keeping.<\/li>\n<li>Double entry system of book-keeping.<\/li>\n<\/ol>\n<p>Question 13.<br \/>\nWrite the rule of capital a\/c under American system.<br \/>\nAnswer:<br \/>\nCapital a\/c rule, under American system is:<\/p>\n<p>\u201cDebit decrease in capital.<br \/>\nCredit increase in capital\u201d.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 14.<br \/>\nState any one reasons for the difference between cash book balance and pass book balance.<br \/>\nAnswer:<br \/>\nThe differences between cash and pass book casuse are:<\/p>\n<ol>\n<li>Cheque deposited into bank but not realised<\/li>\n<li>Cheque issued to parties but not presented<\/li>\n<li>Any expenses directly debited by bank book and not in the cash book.<\/li>\n<li>Any income directly received by bank and not recorded by business.<\/li>\n<\/ol>\n<p>Question 15.<br \/>\nState any two examples for errors of omission.<br \/>\nAnswer:<br \/>\nExamples for omission are:<\/p>\n<ol>\n<li>Purchase goods from Murthy not recorded in purchase book. It is a omission of original entry.<\/li>\n<li>Sold goods to Mary recorded in sales book but not posted to ledger. It is a omission of postings.<\/li>\n<\/ol>\n<p>Question 16.<br \/>\nWhy do you prepare final accounts?<br \/>\nAnswer:<br \/>\nFor knowing the exact financial position and financial result of the concern, final accounts to be prepared.<\/p>\n<p>Question 17.<br \/>\nWhat is meant by Voucher Entry?<br \/>\nAnswer:<br \/>\nVoucher entry is a proof of transaction which is also copy of transaction.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 18.<br \/>\nWhat is Capital reserve?<br \/>\nAnswer:<br \/>\nCapital reserve is created out of Capital profits which is used for writing off capital losses or issue of bonus shares.<\/p>\n<p style=\"text-align: center;\">SECTION &#8211; C<\/p>\n<p><span style=\"color: #0000ff;\">III. Answer any 4 questions each carries 6 marks. (6 \u00d7 4 = 24)<\/span><\/p>\n<p>Question 19.<br \/>\nWhat practical difficulties are encountered by a trader due to incompleteness of accounting records?<br \/>\nAnswer:<br \/>\nThe following are the difficulties that are encountered by a trader due to incompleteness of accounting records:<br \/>\na. Accuracy of accounts:<br \/>\nArithmetical accuracy of accounts cannot be ascertained, since proper records of accounts are not maintained. Consequently, Trial Balance cannot be prepared.<\/p>\n<p>b. Encourages fraud:<br \/>\nAs the arithmetical accuracy cannot be determined; so, this encourages fraud and provides sufficient scope for bluffing and carelessness.<\/p>\n<p>c. Difficult to ascertain correct profit or loss:<br \/>\nSince all expenses and income are not recorded, true profit or loss cannot be correctly ascertained.<\/p>\n<p>d. Difficult to analyse the true financial position:<br \/>\nAs profit or loss cannot be ascertained easily, so the balance sheet cannot be easily prepared. Hence, the absence of balance sheet will not reflect the true financial position of the business.<\/p>\n<p>e. Difficulty in comparison:<br \/>\nDue to the incomplete records and non-availability of previous years data, comparison is not possible. By the same token, comparisons with other firms are also not possible.<\/p>\n<p>f. Unacceptable to tax authorities:<br \/>\nIt does not reflect the true and acceptable presentation of expenses and revenues. Hence, these are not acceptable by the tax authorities.<\/p>\n<p>g. Raising funds:<br \/>\nSince analysis of solvency, profitability and liquidity of business cannot be done, it is difficult to raise fund from outside.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 20.<br \/>\nWrite a note accrual basis of accounting.<br \/>\nAnswer:<br \/>\nThe accrual method records income items when they are earned and records deductions when expenses are incurred. Accrual basis of accounting matches revenue to the time period in which they are earned and matches expenses to the time period in which they are incurred.<\/p>\n<p>While it is more complex than cash basis accounting, it provides much more information about the business. The accrual basis allows matching revenue to the expenses incurred in earning them giving more meaningful financial report.<\/p>\n<p>Question 21.<br \/>\nWrite the Advantage \/ Merits of incomplete records system.<br \/>\nAnswer:<br \/>\nThe important uses\/merits of incomplete records are:<\/p>\n<ol>\n<li>It is a simple and easy method of book &#8211; keeping.<\/li>\n<li>It is less costly, because only few books of accounts are maintained.<\/li>\n<li>Only personal and cash accounts are main trained.<\/li>\n<li>It is suitable for small business concern.<\/li>\n<li>Accounting knowledge is not much required<\/li>\n<\/ol>\n<p>Question 22.<br \/>\nExplain the disadvantages of Computerized Accounting.<br \/>\nAnswer:<br \/>\nDisadvantages of computerized accounting are as follows:<\/p>\n<ul>\n<li>Extremely high cost is involved in developing, introducing and using the system.<\/li>\n<li>Special training for personal is required.<\/li>\n<li>There is dependence on machines.<\/li>\n<li>There is an inability to check unanticipated errors.<\/li>\n<li>There are ill-effects on health.<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 23.<br \/>\nCalculate gross income from the following information:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79395\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-1.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 1\" width=\"687\" height=\"167\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-1.png 687w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-1-300x73.png 300w\" sizes=\"(max-width: 687px) 100vw, 687px\" \/><br \/>\nAnswer:<br \/>\nGross income = Net sales &#8211; Cost of goods sold<br \/>\n= \u20b9 9,800 &#8211; \u20b9 6,700 = \u20b9 3100<\/p>\n<p>Working Notes :<br \/>\na. Cost of goods sold = Opening stock + Net purchases + wages + freight &#8211; Closing stock<br \/>\n= \u20b9 1,000 + \u20b9 5,900 + \u20b9 700 + \u20b9 300 &#8211; \u20b9 1,200<br \/>\n= \u20b9 6,700<br \/>\nb. Net sales = Sales &#8211; Sales Returns<br \/>\n= \u20b9 10,000 &#8211; \u20b9 200<br \/>\n= \u20b9 9,800<br \/>\nc. Net Purchases = Purchase &#8211; Purchase returns<br \/>\n= \u20b9 6,000 &#8211; \u20b9 100<br \/>\n= \u20b9 5,900 (2+ 1 + 1 + 1)<\/p>\n<p>Question 24.<br \/>\nEnter the following transactions in a simple cash book for the month of Jan 2014. 2014<br \/>\nJan<br \/>\n1. Amar started business with \u20b9 80,000<br \/>\n4. Purchased goods for cash \u20b9 40,000<br \/>\n6. Received from Suresh \u20b9 20,000<br \/>\n10. Opened an account with Canara Bank by paying in \u20b9 5,000<br \/>\n15. Sold goods for cash \u20b9 30,000<br \/>\n16. Paid advertising charges \u20b9 2,000<br \/>\n20. Purchase office furniture for cash \u20b9 35,000<br \/>\n24. Paid for electricity charges \u20b9 1,000<br \/>\n28. Paid office rent \u20b9 2,000<br \/>\n30. Paid salaries to staff \u20b9 6,000<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79396\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-2.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 2\" width=\"731\" height=\"434\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-2.png 731w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-2-300x178.png 300w\" sizes=\"(max-width: 731px) 100vw, 731px\" \/><\/p>\n<p>Question 25.<br \/>\nFrom the following balance prepare a Trial Balance:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79397\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-3.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 3\" width=\"684\" height=\"206\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-3.png 684w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-3-300x90.png 300w\" sizes=\"(max-width: 684px) 100vw, 684px\" \/><br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79398\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-4.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 4\" width=\"728\" height=\"233\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-4.png 728w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-4-300x96.png 300w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79399\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-5.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 5\" width=\"729\" height=\"231\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-5.png 729w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-5-300x95.png 300w\" sizes=\"(max-width: 729px) 100vw, 729px\" \/><\/p>\n<p style=\"text-align: center;\">SECTION &#8211; D<\/p>\n<p><span style=\"color: #0000ff;\">IV. Answer any 4 questions each carries 12 marks. (12 \u00d7 4 = 48)<\/span><\/p>\n<p>Question 26.<br \/>\nJournalise the following transactions and open only the personal accounts in the ledger.<br \/>\nGovind started his business with the following :<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79400\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-6.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 6\" width=\"440\" height=\"290\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-6.png 440w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-6-300x198.png 300w\" sizes=\"(max-width: 440px) 100vw, 440px\" \/><br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79401\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-7.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 7\" width=\"731\" height=\"291\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-7.png 731w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-7-300x119.png 300w\" sizes=\"(max-width: 731px) 100vw, 731px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79402\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-8.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 8\" width=\"734\" height=\"412\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-8.png 734w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-8-300x168.png 300w\" sizes=\"(max-width: 734px) 100vw, 734px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79403\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-9.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 9\" width=\"731\" height=\"224\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-9.png 731w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-9-300x92.png 300w\" sizes=\"(max-width: 731px) 100vw, 731px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79404\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-10.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 10\" width=\"732\" height=\"202\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-10.png 732w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-10-300x83.png 300w\" sizes=\"(max-width: 732px) 100vw, 732px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79405\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-11.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 11\" width=\"731\" height=\"221\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-11.png 731w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-11-300x91.png 300w\" sizes=\"(max-width: 731px) 100vw, 731px\" \/><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 27.<br \/>\nX sold goods on credit to A\/c for \u20b9 5,000 on 10.04.2014. On the same date, A accepted a bill drawn by X payable after 3 months. On the due date, the bill is dishonoured by A. Noting charges paid by X amounted to \u20b9 200. Pass entries in the books of both the parties.<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79406\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-12.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 12\" width=\"732\" height=\"317\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-12.png 732w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-12-300x130.png 300w\" sizes=\"(max-width: 732px) 100vw, 732px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79407\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-13.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 13\" width=\"729\" height=\"314\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-13.png 729w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-13-300x129.png 300w\" sizes=\"(max-width: 729px) 100vw, 729px\" \/><\/p>\n<p>Question 28.<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79408\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-14.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 14\" width=\"730\" height=\"530\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-14.png 730w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-14-300x218.png 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79409\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-15.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 15\" width=\"730\" height=\"374\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-15.png 730w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-15-300x154.png 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><\/p>\n<p>Question 29.<br \/>\nFrom the following information prepare a statements showing profits for the year ended 31.12.2014 and a revised statement of affairs as on the that date.<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79410\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-16.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 16\" width=\"668\" height=\"186\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-16.png 668w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-16-300x84.png 300w\" sizes=\"(max-width: 668px) 100vw, 668px\" \/><br \/>\nDuring the year drawings amounted to \u20b9 1,600 and investment in 6% debentures of \u20b9 2,000 on 1.7.2014, which is treated as a business asset. Tools should be written down by 20%.<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79411\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-17.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 17\" width=\"731\" height=\"558\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-17.png 731w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-17-300x229.png 300w\" sizes=\"(max-width: 731px) 100vw, 731px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79412\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-18.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 18\" width=\"730\" height=\"548\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-18.png 730w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-18-300x225.png 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><\/p>\n<p>Notes :<br \/>\n1. The amount of debentures \u20b9 2,000 is treated as a business asset and also as additional capital introduced during the year.<br \/>\n2. The difference between the opening balance and closing balance of furniture is assumed to be sale of furniture. (4 + 5 + 5)<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 30.<br \/>\nEnter the following transactions in purchases book and post them into ledger accounts.<br \/>\n2014<br \/>\nApril 1.<br \/>\nPurchased from Kala Enterprises<br \/>\n100 bags of wheat at \u20b9 400 per bag<br \/>\n50 bags of rice at \u20b9 500 per<br \/>\nbag 50 bags of sugar at \u20b9 450 per bag<\/p>\n<p>April 10.<br \/>\nBought from M\/S Chandra &amp; Sons<br \/>\n200 bags of rice at \u20b9 400 per bag<br \/>\n20 bags of sugar at \u20b9 400 per bag<br \/>\nLess trade discount at 15%<\/p>\n<p>April 28.<br \/>\nPurchased from Brook-Bond India<br \/>\n100 cases of tea at \u20b9 150 per bag<\/p>\n<p>April 30.<br \/>\nPurchased from Satya Traders<br \/>\n100 bags sugar at \u20b9 350 per bag<br \/>\nSo cases of coffee powder at \u20b9 500 per case<br \/>\nLess trade discount at 5%<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79413\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-19.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 19\" width=\"737\" height=\"741\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-19.png 737w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-19-150x150.png 150w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-19-298x300.png 298w\" sizes=\"(max-width: 737px) 100vw, 737px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79414\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-20.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 20\" width=\"728\" height=\"489\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-20.png 728w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-20-300x202.png 300w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/p>\n<p>Question 31.<br \/>\nPrepare a Bank Reconciliation Statement as at 31.01.2014 from the following:<\/p>\n<ol>\n<li>Balance as per cash book (cr.) \u20b9 80,000<\/li>\n<li>Cheques sent to bank without entering in to cash book \u20b9 3,000.<\/li>\n<li>Cheques entered in cash book but not sent to Bank \u20b9 10,000<\/li>\n<li>Payment side of cash book is undercasts by \u20b9 1,000<\/li>\n<li>As per advice, book payment of \u20b9 5,000 omitted in cash book<\/li>\n<li>Bank charges entered twice in cash book \u20b9 100.<\/li>\n<li>Customer\u2019s cheque of \u20b9 4,000 was dishonoured but not entered in cash book.<\/li>\n<li>Issued cheques of \u20b9 3,000 later on dishonoured without an entry in cash book.<\/li>\n<li>Collection of bill by bank of \u20b9 20,000 only appeared in pass Book,<\/li>\n<li>Cheques sent to bank for collection \u20b9 50,000 but passbook collected \u20b9 49,980, difference being bank commission.<\/li>\n<li>Cheques received of \u20b9 5,000 entered twice in cash book.<\/li>\n<\/ol>\n<p>Answer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79415\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-21.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 21\" width=\"729\" height=\"480\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-21.png 729w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-21-300x198.png 300w\" sizes=\"(max-width: 729px) 100vw, 729px\" \/><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 32.<br \/>\nOn 01.04.2009, a company purchased Machinery for \u20b9 60,000. On 30.09.2011, a part of the Machinery which was purchased on 01.04.2009 costing \u20b9 10,000 was sold for \u20b9 7,000. On 01.04.2012 new Machinery was purchased for \u20b9 20,000. Depreciation was charged at 10% p.a. on straight line method. Accounts are closed on 31st March every year. Show Machinery a\/c and Depreciation A\/c for the period ending 31.03.2013.<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79416\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-22.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 21\" width=\"730\" height=\"348\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-22.png 730w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-22-300x143.png 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79417\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-23.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 23\" width=\"729\" height=\"564\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-23.png 729w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-23-300x232.png 300w\" sizes=\"(max-width: 729px) 100vw, 729px\" \/><\/p>\n<p style=\"text-align: center;\">SECTION &#8211; E<\/p>\n<p><span style=\"color: #0000ff;\">V. Answer any 2 questions each carries 5 marks. (5 \u00d7 2 = 10)<\/span><\/p>\n<p>Question 33.<br \/>\nPrepare a statement of affairs using five imaginary figures.<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79418\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-24.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 24\" width=\"730\" height=\"279\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-24.png 730w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-24-300x115.png 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><\/p>\n<p>Question 34.<br \/>\nDraft a specimen of an invoice.<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79419\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-25.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 24\" width=\"730\" height=\"462\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-25.png 730w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-25-300x190.png 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2019\/11\/KSEEB-Solutions.png\" alt=\"KSEEB Solutions\" width=\"172\" height=\"16\" \/><\/p>\n<p>Question 35.<br \/>\nPrepare a specimen of Bills of Exchange.<br \/>\nAnswer:<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79420\" src=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-26.png\" alt=\"1st PUC Accountancy Model Question Paper 1 with Answers image - 26\" width=\"727\" height=\"238\" srcset=\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-26.png 727w, https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2020\/11\/1st-PUC-Accountancy-Model-Question-Paper-1-with-Answers-image-26-300x98.png 300w\" sizes=\"(max-width: 727px) 100vw, 727px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students can Download 1st PUC Accountancy Model Question Paper 1 with Answers, Karnataka 1st PUC Accountancy Model Questions with Answers helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations. Karnataka 1st PUC Political Science Model Question Paper 1 with Answers Time: 3.15 minutes Max. Marks: 100 SECTION &hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/17691"}],"collection":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/comments?post=17691"}],"version-history":[{"count":0,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/17691\/revisions"}],"wp:attachment":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/media?parent=17691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/categories?post=17691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/tags?post=17691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}