Practice Question for class 8, Accountancy


Subject: Accountancy
                                                                Full Mark: 50
Class: VIII                                              Time: 1.5 Hrs
Candidates are required to give their answers according to the given instruction.
Attempt all the questions:
Group-A
Answer the following questions in one sentence: 5×1=5
1. What is the personnel function of an office concerned with?
2. What is an office assistant?
3. What is the full form of WWW?
4. Who is the father of double entry system?
5.   Write the rules of debit and credit according to personal account.
Group-B
Answer the following questions in short:               10×5=50
6.   What is an office? Write any four functions of office.
7.   Explain any five qualifications of office assistant in brief.
8.   Who is an office chief? Explain any four functions of office chief.
9.   What is office resource? Define any four importance of office resources.
10. What is communication? Explain any four means of communication in brief.
11. Differentiate between Government accounting and Commercial accounting.
12. What is double entry system of book-keeping? Explain its four features.
13. Prepare purchase book from the following transactions of XYZ Company:
a. Shrawan 2, Purchased from Ram Company, Baneshwor:
11jackets @ Rs. 3,500 each
14 coats @ Rs. 3000 each
b. Shrawan 10, Purchase from Cloth Stores, Kathmandu:
10 pants @ Rs. 900 each.
7 pair of shocks @ Rs. 200 per pair.
9 shirts @ Rs. 270 each
14. Enter the following transaction into cash book with cash and Discount column:
Jan 4:     Bank Balance Rs. 40,000
Jan 7:     Withdrawn cash for office use Rs. 6,000
Jan 13:   Hari paid Rs. 3,500 in full settlement of his debt through cheque Rs. 4,500
Jan 22:   Cash deposited into bank Rs. 2,500
15. The following are the transactions of Mahan Electronics Enterprises. Prepare the sales book and Sales A/C.
a. Sold to Rita:
2 sets 20” Samsung TV @ Rs. 30,000
4 sets LG TV @ Rs. 22,000
(Trade Discount @ 10% on both sales)
b. Sold old vehicle to Hari, Koteshwor for Rs. 2,00,000
c. Sold to Priya, Anamnagar:
6 pieces of calculators @ Rs. 700 each
4 sets of mobile phone @ Rs. 2,500 each
Group-C
Give long answers to the following questions:       2×10=20
16. Explain the importance of office to an organization.
17. The following transactions are extracted from the books of Asha Stores. Prepare the journal entries:
a. On 2074-1-1,        Commenced a business by depositing
                                 Rs. 2,00,000 in bank.
b. On 2074-1-4,        Purchased goods from Bhawana for
                                 Rs. 20,000 and issued a cheque of Rs. 15,000 as partial payment.
c. On 2074-1-8,        Purchased a machinery for Rs. 25,000 through cheque.
d. On 2074-1-18,      Withdrawn from bank for office use Rs. 40,000
e. On 2074-1-20,      Received interest Rs. 2,000
f.  On 2074-1-23,      Paid commission Rs. 4000 through cheque.
g. On 2074-1-25,      Depreciation provided on machinery
                                 Rs. 3,000
h. On 2074-1-27,      Paid to Bhawana Rs. 4,500 in full settlement of her account.
i. On 2074-1-30,       Salary Rs. 5,000 and wages Rs. 3,000 paid by cheque.
Best of Luck

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