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Reds FS, , Date — 13/12/2021, , Raj Heights-The Global School, Periodic Assessment-II (2021-22), Class: XI (Commerce), , Subject: Accountancy, , , , Time: 1 Hour 30 Minutes MM: 40, , General Instructions: ; aia, This question paper contains two parts .Marks for questions are indicated below., , » Question no 1-12 are objective type questions carrying 1 mark each., Question no 13 -14 carries 3 marks each.(Answer any two), , Question no 15 - 16 carries 4 marks each .(Answer any two), Question no 17 carries 6 marks, , Question no 18 carries 8 marks, , VVVV, , , , PARTA, Objective Type Questions., , 1. Reserve arising from capital receipt are known as, , , , 2. Provision are... --- transaction. Internal / External., , , , 3. Provision is charge against ., , , , 4. Capital reserve may or may not involve any receipts of cash. Do you agree? ( Answer in one, sentence), , 5. Profit on sale of fixed asset is used to create .... + TESErVE., , , , 6. % 2000 paid as wages for installing a machine should be debited to, , a) Wages account b) Machinery account ¢) Capital account —_d) None of these., , 7. On purchase of old furniture, the amount of % 1000 spent on its repairs should be debited to., a) Repair account b) Furniture account —_c) Cash account d) none of these., , 8. Good of & 500 given as charity should be credited to, , a) Charity account b) Sale account c) Purchase account d) None of these., , 9. % 2000 received from smith whose account was previously written off as Bad Debts should be, credited to., , a) Bad Debts Recovered Account b) Smith’s Account —_c) Cash Account d) None of these., , 1|Page