{"id":21938,"date":"2020-01-30T12:28:07","date_gmt":"2020-01-30T06:58:07","guid":{"rendered":"https:\/\/kseebsolutions.guru\/?p=21938"},"modified":"2021-07-02T15:26:19","modified_gmt":"2021-07-02T09:56:19","slug":"1st-puc-accountancy-previous-year-question-paper-march-2019-north","status":"publish","type":"post","link":"https:\/\/kseebsolutions.guru\/1st-puc-accountancy-previous-year-question-paper-march-2019-north\/","title":{"rendered":"1st PUC Accountancy Previous Year Question Paper March 2019 (North)"},"content":{"rendered":"

Students can Download 1st PUC Accountancy Previous Year Question Paper March 2019 (North), Karnataka 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

Karnataka 1st PUC Accountancy Previous Year Question Paper March 2019 (North)<\/h2>\n

Time: 3.15 minutes
\nMax. Marks: 100<\/p>\n

Instructions:<\/p>\n

    \n
  1. All sub-questions of section – A should be answered continuously at one place.<\/li>\n
  2. Provide Working notes wherever necessary.<\/li>\n
  3. 15 minutes of extra time have been allotted for the candidates to read the questions<\/li>\n
  4. Figures in the right hand margin indicate full marks.<\/li>\n<\/ol>\n

    Section -A<\/span><\/p>\n

    I. Answer any EIGHT of the following questions. Each carries ONE mark: ( 8 \u00d7 1 = 8 )<\/span><\/p>\n

    Question 1.
    \nAccounting begins with the identification of transactions and ends with the preparation
    \nof _________ statements.
    \nAnswer:
    \nFinancial.<\/p>\n

    Question 2.
    \nAccounting equation is based on
    \n(a) Cost concept
    \n(b) Separate entity concept
    \n(c) Dual Aspect concept
    \n(d) Accrual concept
    \nAnswer:
    \nDual Aspect concept.<\/p>\n

    Question 3.
    \nThe process of transferring journal entry to individual accounts is called _________.
    \nAnswer:
    \nLedger Posting.<\/p>\n

    Question 4.
    \nGoods purchased on cash are recorded in this
    \n(a) Purchases Book
    \n(b) Sales Book
    \n(c) Cash Book
    \n(d) Purchases Returns book
    \nAnswer:
    \n(c) Cash book.<\/p>\n

    \"KSEEB<\/p>\n

    Question 5.
    \nTrial balance is a statement (State True\/False).
    \nAnswer:
    \nTrue.<\/p>\n

    Question 6.
    \nState any one feature of Bills of Exchange.
    \nAnswer:<\/p>\n

      \n
    1. It must be in writing<\/li>\n
    2. It is an order to make payment.<\/li>\n<\/ol>\n

      Question 7.
      \nGive an example for Fixed Assets.
      \nAnswer:
      \nBuilding a\/c or Machinery a\/c.<\/p>\n

      Question 8.
      \nGive the meaning of Adjusted Closing Capital.
      \nAnswer:
      \nAdjusted closing capital = (Closing capital + drawings – additional capital).<\/p>\n

      Question 9.
      \nExpand \u2018MIS\u2019.
      \nAnswer:
      \nManagement Information System.<\/p>\n

      \"KSEEB<\/p>\n

      Question 10.
      \nWrite any one type of Accounting Software
      \nAnswer:<\/p>\n

        \n
      1. Tally<\/li>\n
      2. Business Accounts(or)<\/li>\n
      3. Excel<\/li>\n<\/ol>\n

        Section – B<\/span><\/p>\n

        II. Answer any Five of the following questions. Each carries TWO marks: ( 5 \u00d7 2 = 10 )<\/span><\/p>\n

        Question 11.
        \nDefine Accounting.
        \nAnswer:
        \nIt is the art of recording, classifying and summarising in a significant manner and in terms of money transactions and events which are in part atleast of financial character and interpreting the results thereof.<\/p>\n

        Question 12.
        \nState any two differences between single entry and double entry system of book keeping
        \nAnswer:
        \nSingle Entry System:<\/p>\n

          \n
        1. It is an unscientific method.<\/li>\n
        2. It is incomplete system of accounting<\/li>\n<\/ol>\n

          Double Entry System:<\/p>\n

            \n
          1. It is a scientific method.<\/li>\n
          2. It is complete system of accounting<\/li>\n<\/ol>\n

            \"KSEEB<\/p>\n

            Question 13.
            \nWrite the rules of debit and credit of Liabilities accounting
            \nAnswer:<\/p>\n

              \n
            • Rules for Debit & Credit of liabilities a\/c<\/li>\n
            • Debit decreases.<\/li>\n
            • Credit increases.<\/li>\n<\/ul>\n

              Question 14.
              \nWhat is Bank Reconciliation statement?
              \nAnswer:
              \nIt is a statement showing the difference between Cashbook balance and pass book balance are found out and suitable adjustments are made to reconcile each other.<\/p>\n

              Question 15.
              \nGive any two examples for errors of commission.
              \nAnswer:<\/p>\n

                \n
              1. Credit Sales to Mohan \u20b9 10,000 were recorded as \u20b9 1,000 in the sales book<\/li>\n
              2. Credit purchases from \u20b9 Kiran 5,000 were recorded as \u20b9 500 in the purchase book.<\/li>\n<\/ol>\n

                Question 16.
                \nName any two types of reserves.
                \nAnswer:<\/p>\n

                  \n
                1. General Reserve<\/li>\n
                2. Capital Reserve<\/li>\n
                3. Revenue Reserve<\/li>\n<\/ol>\n

                  Question 17.
                  \nWhat is capital expenditure?
                  \nAnswer:
                  \nCapital expenditure is an expenditure in which benefit of expenditure extends more than one accounting period. It is non recurring in nature.<\/p>\n

                  \"KSEEB<\/p>\n

                  Question 18.
                  \nWhat do you mean by report?
                  \nAnswer:
                  \nReport is a document in written \/ printed form which presents information in an organized manner to the management for decision making.<\/p>\n

                  Section – C<\/span><\/p>\n

                  III. Answer any FOUR of the following questions. Each carries SIX marks : ( 4 \u00d7 6 = 24 )<\/span><\/p>\n

                  Question 19.
                  \nClassify the following accounts into Assets. Liabilities, Capital, Revenue\/Gains and – Expenses\/Losses.
                  \na) Drawings A\/c
                  \nb) Sales A\/c
                  \nc) Purchases A\/c
                  \nd) Cash A\/c
                  \ne) Salaries A\/c
                  \nf) Buildings A\/c
                  \ng) Machinery A\/c
                  \nh) Creditors A\/c
                  \ni) Purchases Return A\/c
                  \nj) Bills receivable A\/c
                  \nk) O\/S wages A\/c
                  \nl) Interest on Investment A\/c
                  \nAnswer:
                  \na) Capital A\/c – Drawings A\/c
                  \nb) Revenue A\/c – Sales A\/c
                  \nc) Expenses A\/c – Purchases A\/c
                  \nd) Assets A\/c – Cash A\/c
                  \ne) Expenses A\/c – Salaries A\/c
                  \nf) Assets A\/c – Buildings A\/c
                  \ng) Assets A\/c – Machinery A\/c
                  \nh) Liabilities A\/c – Creditors A\/c
                  \ni) Expenses A\/c – Purchase return A\/c
                  \nj) Assets A\/c – Bills Receivable
                  \nk) Liabilities A\/c – O\/S Wages
                  \nl) Revenue A\/c – Interest on Investment<\/p>\n

                  \"KSEEB<\/p>\n

                  Question 20.
                  \nEnter the following transactions in an Analytical Petty Cash Book:<\/p>\n\n\n\n\n\n\n\n
                  01-04-2018<\/td>\nReceived cash from main cashier \u20b9 1,000<\/td>\n<\/tr>\n
                  06-04-2018<\/td>\nPaid for postage stamps \u20b9 240<\/td>\n<\/tr>\n
                  12-04-2018<\/td>\nPurchased stationery \u20b9 220<\/td>\n<\/tr>\n
                  18-04-2018<\/td>\nTaxi Hire charges paid \u20b9 140<\/td>\n<\/tr>\n
                  26-04-2018<\/td>\nPaid for printing \u20b9 300<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                  Answer:
                  \n\"1st
                  \n\"1st<\/p>\n

                  Question 21.
                  \nFrom the following transactions prepare sales book for the month February 2018 in the books of Priyanka Traders.<\/p>\n\n\n\n\n\n\n\n\n
                  2018<\/td>\n<\/td>\n<\/tr>\n
                  Feb. 05<\/td>\nSold 4 bags of Wheat flour at \u20b9 500 each to Ashoka Hotel.<\/td>\n<\/tr>\n
                  Feb. 12<\/td>\nSold 2 boxes of spices at \u20b9 800 per box to Amar on account.<\/td>\n<\/tr>\n
                  Feb. 18<\/td>\nVikas bought from us 5 kg. coffee powder at \u20b9 700 per kg trade discount at 8%.<\/td>\n<\/tr>\n
                  Feb. 20<\/td>\nSold to Hema 5 kgs of sugar at \u20b9 35 per kg for cash.<\/td>\n<\/tr>\n
                  Feb. 28<\/td>\nSold 4 bags of rice at \u20b9 3,000 per bag to Rajesh.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                  Answer:
                  \n\"1st<\/p>\n

                  \"KSEEB<\/p>\n

                  Question 22.
                  \nFrom the following ledger balance, prepare the Trial Balanee as on 31st<\/sup> March 2018.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                  S.No.<\/td>\nParticulars<\/td>\nBalance (\u20b9)<\/td>\n<\/tr>\n
                  1.<\/td>\nPurchases A\/c<\/td>\n95,000<\/td>\n<\/tr>\n
                  2.<\/td>\nSales A\/c<\/td>\n1,36,000<\/td>\n<\/tr>\n
                  3.<\/td>\nBank Loan A\/c<\/td>\n20,000<\/td>\n<\/tr>\n
                  4.<\/td>\nMachinery A\/c<\/td>\n50,000<\/td>\n<\/tr>\n
                  5.<\/td>\nCash A\/c<\/td>\n46,000<\/td>\n<\/tr>\n
                  6.<\/td>\nCapital A\/c<\/td>\n1,00,000<\/td>\n<\/tr>\n
                  7.<\/td>\nDebtors A\/c<\/td>\n80,000<\/td>\n<\/tr>\n
                  8.<\/td>\nCreditors A\/c<\/td>\n17,000<\/td>\n<\/tr>\n
                  9.<\/td>\nBills Receivable A\/c<\/td>\n4,000<\/td>\n<\/tr>\n
                  10.<\/td>\nBills Payable A\/c<\/td>\n2,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                  Answer:
                  \n\"1st<\/p>\n

                  Question 23.
                  \nCompute cost of goods sold for the year 2017.<\/p>\n\n\n\n\n
                  Particulars<\/td>\nAmount (\u20b9)<\/td>\n<\/tr>\n
                  Stock on 01-04-2016<\/p>\n

                  Stock on 31-03-2017<\/p>\n

                  Purchases during the year<\/p>\n

                  Sales during the year<\/p>\n

                  Wages<\/td>\n

                  		3,00,000<\/p>\n

                  4,00,000<\/p>\n

                  15,00,000<\/p>\n

                  20,00,000<\/p>\n

                  1,20,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                  Answer:
                  \nCost of goods sold = opening stock + purchases + direct expenses – closing stock
                  \n\"1st<\/p>\n

                  \"KSEEB<\/p>\n

                  Question 24.
                  \nFind out the Credit Sales by preparing Total Debtors Account.<\/p>\n\n\n\n\n\n\n\n\n
                  Particulars<\/td>\nAmount (\u20b9)<\/td>\n<\/tr>\n
                  Opening balance of Debtors<\/td>\n35,000<\/td>\n<\/tr>\n
                  Closing balance of Debtors<\/td>\n42,000<\/td>\n<\/tr>\n
                  Sales returns<\/td>\n2,000<\/td>\n<\/tr>\n
                  Cash received from Debtors<\/td>\n50,000<\/td>\n<\/tr>\n
                  Discount to customers<\/td>\n3,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                  Answer:
                  \n\"1st<\/p>\n

                  Question 25.
                  \nBriefly explain any Six advantages of computerised Accounting system.
                  \nAnswer:<\/p>\n

                    \n
                  1. Speed<\/li>\n
                  2. Accuracy<\/li>\n
                  3. Reliability<\/li>\n
                  4. Up-to-date<\/li>\n
                  5. Real time user-interface<\/li>\n
                  6. Legibility.<\/li>\n<\/ol>\n

                    Section – D<\/span><\/p>\n

                    IV. Answer any FOUR of the following questions. Each carries TWELVE marks: ( 4 \u00d7 12 = 48 )<\/span><\/p>\n

                    Question 26.
                    \nJournalise the following transactions in the hooks of Shri Naresh<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                    April – 01<\/td>\nStarted business with cash \u20b9 1,00,000<\/td>\n<\/tr>\n
                    April – 03<\/td>\nCash paid into hank \u20b9 30,000<\/td>\n<\/tr>\n
                    April – 06<\/td>\nCash purchases \u20b9 30,000<\/td>\n<\/tr>\n
                    April – 10<\/td>\nSold goods to Mohan \u20b9 20,000<\/td>\n<\/tr>\n
                    April – 13<\/td>\nGoods returned from Mohan \u20b9 3,000<\/td>\n<\/tr>\n
                    April-15<\/td>\nReceived commission \u20b9 2,000<\/td>\n<\/tr>\n
                    April – 18<\/td>\nDrew from hank for personal use \u20b9 3,000<\/td>\n<\/tr>\n
                    April – 20<\/td>\nCash received from Mohan in full settlement of his account \u20b9 16,500<\/td>\n<\/tr>\n
                    April – 26<\/td>\nPaid Rent by cheque \u20b9 4,000<\/td>\n<\/tr>\n
                    April – 28<\/td>\nPurchased furniture from Kishor \u20b9 10,000<\/td>\n<\/tr>\n
                    April – 30<\/td>\nPaid for salary \u20b9 5,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                    Answer:
                    \n\"1st
                    \n\"1st<\/p>\n

                    \"KSEEB<\/p>\n

                    Question 27.
                    \nRecord the following transactions in Two-column Cash Book of Mr. Sagar and balance it.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                    May – 01<\/td>\nBank balance \u20b9 50,000<\/td>\n<\/tr>\n
                    May – 01<\/td>\nCash balance \u20b9 10,000<\/td>\n<\/tr>\n
                    May – 02<\/td>\nPaid insurance premium by cheque \u20b9 8,000<\/td>\n<\/tr>\n
                    May – 05<\/td>\nCash sales \u20b9 25,000<\/td>\n<\/tr>\n
                    May – 08<\/td>\nCash purchases \u20b9 18,000<\/td>\n<\/tr>\n
                    May – 10<\/td>\nCash deposited into Bank \u20b9 19,000<\/td>\n<\/tr>\n
                    May – 12<\/td>\nTelephone Bill paid by cheque \u20b9 2,500<\/td>\n<\/tr>\n
                    May – 15<\/td>\nWithdrawn cash from bank for personal use \u20b9 5,000<\/td>\n<\/tr>\n
                    May – 16<\/td>\nCash withdrawn from bank for office use \u20b9 10,000<\/td>\n<\/tr>\n
                    May – 20<\/td>\nReceived a cheque from Anand \u20b9 10,500 and deposited into bank<\/td>\n<\/tr>\n
                    May- 24<\/td>\nCartage paid in cash \u20b9 1,500<\/td>\n<\/tr>\n
                    May – 30<\/td>\nA cheque received from Kumar \u20b9 5,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                    Answer:
                    \n\"1st
                    \n\"1st<\/p>\n

                    Question 28.
                    \nFrom the following information prepare Bank Reconciliation Statement as on December 31, 2017.
                    \na) Bank balance as per cash book \u20b9 20,000
                    \nb) Cheque issued but not presented for payment prior to Dec. 31, 2017 \u20b9 4,000
                    \nc) Interest on investment collected by the bank and credited in the passbook only \u20b9 2,000.
                    \nd) Bank charges debited in the passbook only \u20b9 100.
                    \ne) Cheque paid into bank, but not cleared before December 31,-2017 \u20b9 3,000.
                    \nf) Interest credited in the passbook only \u20b9 400
                    \nAnswer:
                    \n\"1st<\/p>\n

                    Question 29.
                    \nOn 01-01-2014 a firm purchased Machinery Costing \u20b9 80,000. On 01-07-2016, it sold the machinery for \u20b9 60,000 and on the same date a new machine was purchased for \u20b9 20,000. Depreciation was charged annually at 10% pa. on Straight Line Method.
                    \nAccounts are closed on 31st March every year. Show the Machinery account and Depreciation Account for first Four years.
                    \nAnswer:
                    \nCalculation of profit or loss on sale of Machinery
                    \nMachinery purchased on 1.1.2014
                    \nCosting \u20b9 80,000
                    \nDepreciation charged for
                    \n\"1st
                    \n\"1st
                    \n\"1st
                    \n\"1st<\/p>\n

                    \"KSEEB<\/p>\n

                    Question 30.
                    \nOn 01-04-2015 Sadhana drew a bill nil Savitlia for \u20b9 50,000 payable after 3 months. Savitha accepted the bill and returned it to Sadhana. On the same date, Sadhana – endorsed the bill to Kumar. On the above date, the bill is discounted by Kumar at 12% p.a. on the due date the bill is honoured.
                    \nPass the Journal Entries in the books of Sadhana. Savitha and Kumar.
                    \nAnswer:
                    \n\"1st
                    \n\"1st
                    \n\"1st
                    \n\"1st<\/p>\n

                    Question 31.
                    \nFrom the following Ledger balances and adjustments, prepare Trading and Profit and Loss A\/c and a Balance Sheet.
                    \n\"1st
                    \nAdjustments :
                    \n1) Stock as on 31st March 2018, was \u20b9 10,000.
                    \n2) Insurance prepaid \u20b9 100.
                    \n3) O\/S salaries \u20b9 200.
                    \n4) Depreciate buildings by 5% p.a.
                    \n5) Provide PBD at 5% p.a. on debtors.
                    \nAnswer:
                    \n\"1st<\/p>\n

                    \"KSEEB<\/p>\n

                    Question 32.
                    \nSonali keeps her hooks under single entry system. From the following information, prepare statement of Profit and Loss and a Revised Statement of Affairs as on 31st<\/sup> March 2018.
                    \n\"1st
                    \nDuring the year Sonali withdrew \u20b9 500 per month from the business for her private use and also used goods worth \u20b9 1,000 for household purpose. She had brought in \u20b9 5,000 as additional capital during the year.
                    \nAdjustments:
                    \n1) Furniture is to be depreciated by 10% p.a.
                    \n2) Provide Interest on Capital at 5% p.a. on opening capital only.
                    \n3) PBD is to be created at 5% p.a. on debtors.
                    \n4) Commission Receivable \u20b9 1,200
                    \nAnswer:
                    \n\"1st<\/p>\n

                    Section – E<\/span><\/p>\n

                    V. Answer any TWO of the following questions. Each carries FIVE marks: ( 2 \u00d7 5 = 10 )<\/span><\/p>\n

                    Question 33.
                    \nWrite the accounting Equation for each item and find out the missing figures
                    \n\"1st
                    \nAnswer:
                    \n(a) Capital = Assets – Liabilities
                    \n= 150,000-60,000 = 90,000
                    \n(b) Liabilities = Assets – Capital
                    \n= 1,00,000-55,000 = 45,000
                    \n(c) Assets = Liabilities + Capital
                    \n= 34,000 + 46,000 = 80,000<\/p>\n

                    Question 34.
                    \nPrepare a Machinery Account for two years with imaginary figures under written down value method.
                    \nAnswer:
                    \n\"1st<\/p>\n

                    \"KSEEB<\/p>\n

                    Question 35.
                    \nPrepare a Specimen of Promissory Note.
                    \nAnswer:
                    \n\"1st<\/p>\n","protected":false},"excerpt":{"rendered":"

                    Students can Download 1st PUC Accountancy Previous Year Question Paper March 2019 (North), 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 Accountancy Previous Year Question Paper March 2019 (North) Time: 3.15 minutes Max. Marks: 100 …<\/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\/21938"}],"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=21938"}],"version-history":[{"count":0,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/21938\/revisions"}],"wp:attachment":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/media?parent=21938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/categories?post=21938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/tags?post=21938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}