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Accountancy Worksheet for CBSE XI Students

The document is an accountancy worksheet for students of Everwin Group of CBSE Schools, dated January 17, 2025. It includes various exercises such as calculating gross profit, closing stock, preparing trading accounts, and profit and loss accounts based on provided financial data. The worksheet aims to enhance students' understanding of accounting principles and practices.

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hanithraj15
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132 views4 pages

Accountancy Worksheet for CBSE XI Students

The document is an accountancy worksheet for students of Everwin Group of CBSE Schools, dated January 17, 2025. It includes various exercises such as calculating gross profit, closing stock, preparing trading accounts, and profit and loss accounts based on provided financial data. The worksheet aims to enhance students' understanding of accounting principles and practices.

Uploaded by

hanithraj15
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

EVERWIN GROUP OF CBSE SCHOOLS

(Kolathur-Maduravoyal-Mathur-Perambur-Surapet-Madurantakam-Rajamangalam-Paruthipattu)
XI ACCOUNTANCY WORKSHEET

Date: 17.01.2025

1. Calculate gross profit when total purchases during the year are Rs.
8,00,000; returns outward Rs. 20,000; direct expenses Rs. 60,000
and 2/3rd of the goods are sold for Rs. 6,10,000.
2. Calculate Closing Stock from the following details:

Rs. Rs.

Opening Stock 20,000 Purchases 70,000

Cash Sales 60,000 Credit sales 40,000

Rate of Gross Profit on cost 33 1/3 %

3. From the following information, prepare trading account for the year
ended 31st March, 2023 Cash purchases Rs. 4,50,000; credit
purchases Rs. 27,00,000; returns inward Rs. 60,000; cash sales Rs.
4,80,000; credit sales Rs. 33,00,000; returns outward Rs. 30,000;
freight inwards Rs. 9,000; carriage inwards Rs. 9,000; wages and
salaries Rs. 12,000; opening stock Rs. 4,50,000; closing stock Rs.
2,64,000 but its market value is Rs.2,52,000.
4. From the following information, prepare the trading account for the
year ended 31st March, 2023

Amt Amt
(Rs.) (Rs.)

Opening
3,00,000 Wages 6,000
Stock

Purchases 8,40,000 Freight 10,800

Carriage
Closing stock 2,40,000 3,000
inwards

The percentage of gross profit on sales is 20%.

5. From the following information, prepare the Profit and Loss A/c for
the year ended 31st March 2024
Rs.

Gross Profit 1,20,000

Rent 5,000

Salary 35,000

Commission paid 19,000

Interest on Loan 5,000

Advertisement 8,000

Interest received 8,000

Discount received 6,000

Printing and stationery 4,000

Legal charges 10,000

Bad debts 2,000

Loss by fire 6,000

Depreciation 4,000

6. Following is the trial balance of Kartik Makkar as on 31st March,


2023

Name of Debit Name of Credit


Account Amount Account Amount
(Rs.) (Rs.)
Stock on 1 st Discount
20,000 1,500
April, 2022 Received

Return
Purchases 1,16,000 5,200
outwards

Wages 4,000 Sales 1,97,300

Returns
7,040 Bills payable 6,000
inwards
Carriage on Sundry
4,720 11,200
purchases creditors

Carriage on Creditors for


1,420 1,000
sales rent

Office salaries 9,600 Capital 80,000

Duty on
imported 5,400 Loan from Raj 20,000
goods

Rent and taxes 4,800 Commission 2,400

Cash 2,200

Bank balance 15,640

Bad debts 1,200

Discount
1,280
allowed

Land and
40,000
building

Scooter 13,200

Scooter
1,700
repairs

Bills
7,000
receivable

Commission 3,600

Sundry
50,800
Debtors

Interest on
3,000
Raj's Loan

Drawings 12,000

3,24,600 3,24,600

====== ======
Prepare a trading and profit and loss account for the year ended on 31st
March, 2023 and the balance sheet as at that date. The stock on 31st
March, 2023 was Rs. 44,000.

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