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I PUC ACCOUNTANCY POQ /2019-20, , I PUC ACCOUNTANCY, Practical Oriented Questions & Answers, 1. Draw a diagram of Accounting Process., , 2. Write the Accounting Equation and find the missing figures., SL NO., 1, 2, 3, , ASSETS (`), 4,00,000, ?, 5,50,000, , LIABILITIES(`), 2,50,000, 2,75,000, ?, , CAPITAL(`), ?, 1,50,000, 1,40,000, , 1. Capital = Assets – Liabilities, = 400000 – 250000, = 150000., 2.. Assets = Liabilities + capital, = 275000+150000, =425000., 3. Liabilities = Assets – Capital, = 550000 – 140000, = 440000, 3. Pass Journal Entries from Ledger Accounts with five entries., Dr., DATE, , Srinivas’s Account, PARTICULARS, , J.F, , AMOUNT, (`), , Date, , Cr, Particulars, , 08/03/2005, , To Sales A/c, , 3,500, , 12/03/2005, , By Cash A/c, , 21/03/2005, , To Sales A/c, , 2,000, , 18/03/2005, , By S. return A/c, , 5,500, , J.F, , AMOUNT, (`), 5,000, 500, , 5,500, , 1

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I PUC ACCOUNTANCY POQ /2019-20, , Journal entry in the books of ______, DATE, , PARTICULARS, , L.F, , 08/03/2005 Srinivas’s A/c, , Dr, , -, , DEBIT(`), , CREDIT (`), , 3,500, , -, , To Sales A/c, , 3,500, , (Being sold goods on credit), 12/03/2005 Cash A/c, , Dr, , -, , 5,000, , -, , -, , 5,000, , 500, , -, , -, , 500, , 2,000, , -, , -, , 2,000, , 11,000, , 11,000, , To Srinivas’s A/c, (Being cash received from, srinivas), 18/03/2005 Sales Returns A/c, , Dr, , -, , To Srinivas’s A/c, (Being returned goods by, srinivas), 21/03/2005 Srinivas’s A/c, , Dr, , To Sales A/c, (Being sold goods on credit), TOTAL, , 4. Draft a Specimen of Debit Voucher., , Debit Voucher, Name of Firm : TCS LTD, Voucher No : 121, , Date :30/12/2017, , Credit Account :Cash, Amount :`3,00,000, Debit Accounts, , Amount(`), , S. No., , Code, , Account Name, , 1., , 1601, , Machinery, , 2,00,000, , Machinery, bought, , 2., , 1602, , Furniture, , 1,00,000, , Furniture bought, , Authorised By :, , Prepared By :, , 2, , Narration (i.e., Explanation)

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I PUC ACCOUNTANCY POQ /2019-20, , 5. Draft a Specimen of Credit Voucher., , Credit Voucher, Name of Firm :TCS Ltd, Voucher No : 112, , Date :30/12/2017, , Debit Account : Cash, Amount :`1,50,000, Credit Accounts, , S. No., , Code, , 1., , 1401, , Mahesh, , 2., , 1402, , Suresh, , Amount(`), , Account Name, , Narration (i.e., Explanation), , 1,00,000 Cash received, 50,000 Cash received, , Authorised By :, , Prepared By :, , 6. Draw a component chart of GST, , 3

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I PUC ACCOUNTANCY POQ /2019-20, , 7. Prepare a Trial Balance with 10 imaginary figures., Trial Balance as on 31/12/2010, Sl., No., , Name of the Accounts, , L.F., , Debit (`), , Credit (`), , 1., , Capital, , -, , -, , 50,000, , 2., , Drawings, , -, , 2,000, , -, , 3., , Purchases, , -, , 20,000, , -, , 4., , Sales, , -, , -, , 25,000, , 5., , Returns inwards, , -, , 500, , -, , 6., , Buildings, , -, , 55,000, , -, , 7., , Commission Received, , -, , -, , 3,000, , 8., , Outstanding Salary, , -, , -, , 2,000, , 9., , Rent, , -, , 2,000, , -, , 10., , Discount Allowed, , -, , 500, , -, , Total, , -, , 80,000, , 80,000, , 8. Prepare Machinery A/c for 2 years with imaginary figures under Straight Line, Method (SLM)., Dr., Date, 01/01/2005, , Machinery A/c, Particulars, To Bank A/c, , AMT(`), , Date, , 1,00,000, , 31/12/2005, , (Cost of Machinery), , Cr., Particulars, By Depreciation A/c, , By Balance C/d (B/F), , 1,00,000, To Balance b/d, , 20,000, , (1,00,000X20/100), 31/12/2005, , 01/01/2006, , AMT(`), , 80,000, , 80,000, , 1,00,000, 31/12/2006, , By Depreciation A/c, , 20,000, , (1,00,000X20/100), 31/12/2006, , By Balance C/d (B/F), , 80,000, 01/01/2007, , To Balance b/d, , 60,000, , 80,000, , 80,000, , 9. Prepare Machinery A/c for 2 years with imaginary figures under Written down, value method (WDVM)., Dr., , Machinery A/c, Date, , 01/01/2008, , Particulars, To Bank A/c, , AMT(`), , Date, , 10,000, , 31/12/2008, , (Cost of Machinery), , Cr., Particulars, By Depreciation A/c, , AMT(`), 1,000, , (10,000X10/100), 31/12/2008, , 4, , By Balance C/d (B/F), , 9,000

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I PUC ACCOUNTANCY POQ /2019-20, , 10,000, 01/01/2009, , To Balance b/d, , 9,000, , 10,000, 31/12/2009, , By Depreciation A/c, , 900, , (9,000X10/100), 31/12/2009, , 9,000, 01/01/2010, , To Balance b/d, , By Balance C/d (B/F), , 8,100, , 9,000, , 8,100, , 10. Draw a Specimen of Cheque, , 11. Draw five types of crossing on the cheque, , 5

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I PUC ACCOUNTANCY POQ /2019-20, , 12. Prepare Trading A/c with five imaginary figures., Trading Account for the year ending 31/03/2016, Dr., , Cr., Particulars, , AMT(`), , To Opening Stock, , Particulars, , 1,00,000 By Sales A/c, , To Purchases, , 12,00,000 By Closing Stock A/c, , To Direct expenses, , AMT(`), 24,00,000, 1,40,000, , 1,20,000, , To Gross profit C/d (B/F), , 11,20,000, 25,40,000, , 25,40,000, By Gross Profit B/d, , 11,20,000, , 13. Prepare Balance Sheet with five imaginary figures., Balance sheet as on 31/03/2016, Liabilities, Capital, , AMT (`), 14,000, , Assets, , AMT (`), , Plant and Machinery, , 7,520, , Add: Net profit, , 5,580, , Investments, , 20,000, , Less: Drawings, , (2,000), , 17,580 Cash in hand, , 600, , Creditors, , 2,400 Closing Stock, , 9,160, , Loan from Shankar, , 4,000 Sundry Debtors, , 6,700, , Loan from Bank, , 4,000, , Bank O/D, , 16,000, 43,980, , 43,980, , 14. Prepare Opening Statement of Affairs with five imaginary figures., Statement of Affairs as on 1-4-2016, (To find out Opening Capital), Liabilities, , Bills Payable, Creditors, Bank overdraft, Opening Capital(b/f), , AMT (`), , Assets, , 5000, 25000, 20000, 50000, , Cash in hand, Bills Receivables, Closing stock, Debtors, Building, , 1,00,000, , AMT (`), , 15000, 10000, 20000, 10000, 45000, 1,00,000, , 15. Prepare Closing Statement of Affairs with five imaginary figures., Statement of Affairs as on 31-3-2017, (To find out Closing Capital), Liabilities, , Bills Payable, Creditors, Bank overdraft, , AMT (`), , Assets, , 5000 Cash in hand, 25000 Bills Receivables, 20000 Closing stock, 6, , AMT (`), , 15000, 10000, 20000

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I PUC ACCOUNTANCY POQ /2019-20, , Closing Capital(b/f), , 50000 Debtors, Building, 1,00,000, , 10000, 45000, 1,00,000, , 16. Draw a Block Diagram of Main Components of Computer, , *****, DATED: 19/11/2019, , 7