Book Recommended by author : ULTIMATE BOOK OF ACCOUNTANCY (By Dr.

Vinod Kumar, Vishvas Publications)

CBSE TEST PAPER-01
Class - XI Accountancy (Ledger, Trial Balance and Bank Reconciliation Statement)
Topic : Ledger & Trial Balance

1. Prepare a Trial Balance from the following information: [4]

Capital Rs.15,000 ; Stock (1-1-2010) Rs. 3000 ; Cash at bank Rs. 1000 ; Cash in hand
Rs. 500 ; Machinery Rs.10,000 ; Furniture Rs.1,300 ; Purchases Rs.20,000 ; Wages
Rs.5,000 ; Carriage Rs.3,300 ; Salaries Rs.7,000 ; Discount allowed Rs.400 ; Discount
received Rs.500 ; Advertising Rs. 5000 ; Office expenses Rs.4000 ; Sales Rs.50,000 ;
Sundry debtors Rs.9000 ; Sundry creditors Rs.4000 ; Value of closing stock on 31st
December, 2010 was Rs.5,000.

2. Wrong Trial balance is given below, make it correct by following the modern [4]
accounting approach:
L.F Debit Balances Credit Balances
(Rs.) (Rs.)

Cash in hand 40,000

General Reserve 10,000
Purchases 27,000
Return inwards 3,000
Sundry Debtors 5,000
Goodwill 3,000
Stock (1 Jan) 4,000
Capital 32,000
Sales 30,000
Return outwards 1,000
Bad debts Reserves 500
Creditors 2,000
Commission paid 500
Bills Payable 6,000
Interest received 1,000

3. Enter the following transactions in the journal of Bunty, postto ledger and [8]
Prepare a trial balance?
2000
Jan.1 Assets : Cash in hand 20,000
cash at bank 35,000
Stock 15,000
furniture 4500

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 Nisha 20,000
Ashish 10,000
Liabilities : Ajay 13,500
Pankaj 21,500
Jan.4 Purchased goods from Pankaj 5000
Jan.7 Paid Ajay by cheque in full settlement of his account 13000
Jan.10 Sold goods to Nisha 11,000
Jan.12 Purchased goods from ajay 15,000
Jan.15 Sold goods to Ashish 6,000
Jan.18 Received cheque from Nisha 24,500
allowed her discount 1,500
Jan.25 Paid for stationery 1200
Jan.27 Paid rent by cheque 3500
Jan.30 Paid salaries 6500

4. Prepare Trial Balance from the following: [6]

Cash in hand Rs.2,000 ; Capital Rs.12,500 ; Sales Rs.15,000 ; Purchases Rs.10,000 ; Return
inward Rs.3,000 ; Return outward Rs.2,000 ; Salaries Rs.2,500 ; Bad debts reserve Rs.1,000
; Taxes and insurance Rs.500 ; Bad debts Rs.300 ; Creditors Rs.1,850 ; Commission
Received Rs.500 ; Bills Payable Rs.2,500 ; Sundry debtors Rs.5,200 ; Goodwill Rs.4,000 ;
Stock (opening) Rs.3,000 ; Drawings Rs.1,400 ; Interest on investment Rs.150 ; Furniture
Rs.600 ; Bills Receivable Rs.3,000.

5. Prepare Ledger Accounts from the following: [6]

Date Particulars L.F Debit Credit

Purchase A/c Dr. 5,000

To SamarJeet’s A/c 5,000
(Being goods purchased on credit)

Arjun’s A/c Dr. 1,000

To Sale A/c 1,000
(Being Goods sold on credit )

Purchase A/c Dr. 2,000

To Cash A/c 2,000
(Being goods purchased in cash)

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 Cash A/c Dr. 4,000
To Sale A/c 4,000
(Being goods sold in cash)

Sales Return/Return inward A/c Dr. 300

To Arjun 300
(Being goods return back by Arjun)

Samarjeet Dr. 500

To Purchase return/return outward 500
(Being goods return back to Samarjeet)
2,000
Sales Tax A/c Dr.
Cash A/c 2,000
(Being Sales Tax paid)

Prepare only ledger.

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