1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 25 Boleshankara

You can Download Chapter 25 Boleshankara Questions and Answers Pdf, Notes, Summary, 1st PUC Kannada Textbook Answers, Karnataka State Board Solutions help you to revise complete Syllabus and score more marks in your examinations.

Karnataka 1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 25 Boleshankara

Boleshankara Questions and Answers, Notes, Summary

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1st PUC Accountancy Question Bank Chapter 11 Accounts From Incomplete Records

You can Download Chapter 11 Accounts From Incomplete Records Questions and Answers, Notes, 1st PUC Accountancy Question Bank with Answers Karnataka State Board Solutions help you to revise complete Syllabus and score more marks in your examinations.

Karnataka 1st PUC Accountancy Question Bank Chapter 11 Accounts From Incomplete Records

1st PUC Accounts From Incomplete Records One Mark Questions and Answers

Question 1.
Write the meaning of Statement of affairs.
Answer:
It is just like a balance sheet. A statement which shows the values of Assets and Liabilities of a business on a given date. This statement helpful to find out capitals of a business.

Question 2.
What is Adjusted closing capital under Single Entry system?
Answer:
Under single entry system adjusted capital means, closing capital adjusted with drawings and additional capital called adjusted capital [Closing capital + Drawings – Additional Capital = Adjusted Capital).

Question 3.
What is the object of preparing statement of affairs?
Answer:
Single Entry System is incomplete, unscientific method of book keeping. For the purpose of finding out capital, Balance sheet equation is applied. The difference between Asset and Liability treated as capital [Assets – Liability = Capital].

Question 4.
If opening capital is ‘60,000, drawings ‘5,000, additional capital’ 10,000, closing capital ‘90,000, what will be the profit earned?
Answer:
Profit = Closing capital + Drawings – (Additional capital + Opening capital)
Profit = 90,000 + 5,000 – (10,000 + 60,000) Profit = 25,000.

KSEEB Solutions

Question 5.
Define Single Entry System.
Answer:
Prof: Eric Kholar defines Single Entry System as “a system of book keeping in which as a rule, only records of cash and persons are maintained; it is always in complete double entry, varying with circumstances”.

Question 6.
Write two features of Single Entry System.
Answer:
The two features of single entry system are.
(a) Both the aspect each and every transactions are not recorded under single entry system.
(b) Under this system all kinds of accounts are not maintained.

Question 7.
Mention any two merits of Single Entry System.
Answer:
The two advantages or merits of single entry systems are:
(a) It is a simple and easy method of book-keeping.
(b) It is less costly, because only few books of accounts are maintained.

Question 8.
State any Two de-merits of Single Entry System.
Answer:
Two disadvantages or demerits of single entry system is

  1. Both the aspects of each and every transactions are not recorded under this system. So it is incomplete system of records.
  2. Not possible to find out correct profit or loss of a concern.

Question 9.
Differentiate Single Entry System and Double Entry System.
Answer:

Single Entry System Double Entry System
1. In this system each and every transactions are not recorded 1. In this system both the aspects are recorded for every transactions.
2. It is an incomplete, unscientific method of book-keeping 2. It is a complete, scientific and satisfactory method of book-keep

Question 10.
Mention the different types of Single Entry System.
Answer:
Three types of single entry systems are:
(a) Pure Single Entry System
(b) Simple Single entry system
(c) Quasi Single Entry system.

KSEEB Solutions

Question 11.
How do you ascertain profit or loss under Single Entry System?
Answer:
Under single entry system profit or loss of a concern can be found in two ways. They are Statement of Affairs method. Conversion of single entry to double entry system method.

Question 12.
Write the Balance Sheet Equation.
Answer:
Balance Sheet Equation.
Assets = Capital + Liability.

Question 13.
Differentiate Statements of Affairs and Balance sheet.
Answer:

Statement of affairs Balance sheet
1. It is prepared under single entry system 1. It is prepared under double entry system
2. It states estimated value of assets and liabilities. 2. It states real value of assets and liabilities of a business concern

Question 14.
What is statement of Profit or Loss?
Answer:
Statement of Profit or Loss is a statement prepared under single entry system. It is prepared for the purpose of ascertaining Profit or Loss of a business in a given period.

Question 15.
How do you calculate gross profit under single entry system?
Answer:
The differences between closing capital and opening capital adjusted with additional capital and drawings called Gross profit or gross loss [closing capital + drawings – Additional capital – opening capital = gross profit]

Question 16.
Mention the books maintained under Single Entry System.
Answer:
The books maintained under single entry system are
(a) Cash Book
(b) Debtors and Creditors personal a/c
(c) Few Subsidiary books.

Question 17.
Write any Four examples of Assets mentioned in statement of Affairs.
Answer:
The assets recorded in statement of affairs are: Land and Building, Machinery, Debtors and Cash are Four Examples of Assets.

Question 18.
Write any Four examples of income consider while preparing statement of Profit or Loss.
Answer:
Income recorded in statement of profit or loss are:
(a) Rent Receivable
(b) Commission receivable
(c) Appreciation of Building
(d) Insurance prepaid.

KSEEB Solutions

Question 19.
State the meaning of incomplete records?
Answer:
Accounts that are not recorded as per the double entry system are known as incomplete records. According to Kohler (Dictionary for Accountants), single entry system is defined as, “A system of book-keeping in which as a rule, only records of cash and of personal accounts are maintained; it is always incomplete double entry, varying with circumstances.”

1st PUC Accounts From Incomplete Records Additional Questions

Question 1.
What are dis-advantages of single entry system?
Answer:
The important de-merits of incomplete records are
a. Under incomplete records arithmetical accuracy cannot be checked
b. Due to incomplete records, there will be scope and mis appropriation of funds.
c. Not possible to finitude true profit or loss of a business concern.
d. It never disclose correct financial position of a business concern.
e. This system not reliable by legal authority.

Question 2.
What are the differences between double entry system and single entry system?
Answer:
The important de-merits of incomplete records are:

Single Entry System Double Entry System
1. Treated as unscientific or incomplete methods of book keeping 1. Treated as complete and scientific method of book keeping
2. The purpose of preparing is to ascertain capital as on particular date. 2. The purpose of preparing is to find out financial position of the concern.
3. It shows only the estimated financial position of the concern. 3. It shows realistic financial position for a given period
4. Om mission of Assets and liabilities cannot be easily traced 4. Any missing items can be easily traced.
5. It is prepare with the help of some ledger a/c and statements. 5. It is prepared on the basis of ledger a/c balances.

Question 3.
Write the Advantage / Merits of incomplete’records system.
Answer:
The important uses/merits of incomplete records are:

  • It is a simple and easy method of book – keeping.
  • It is less costly, because only few books of accounts are maintained.
  • Only personal and cash accounts are main trained.
  • It is suitable for small business concern.
  • Accounting knowledge is not much required

Question 4.
Explain the procedure of ascertaining profit under incomplete records.
Answer:
The steps or procedure for finding out profit under incomplete system of book keeping. Closing Capital Add: Drawings
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -1

Question 5.
Explain the special features of accounts from incomplete records.
Answer:
Special features of accounts from incomplete records are:

  • Both the aspect of each and every transactions are not recorded.
  • Under this system all kinds of accounts are maintained.
  • It is simple and easy method of book keeping.
  • It is less costly.
  • It is not very supportive to find out exact profit of the business concern.
  • Not possible to find out correct profit or loss of a concern.

KSEEB Solutions

Question 6.
Aniketh gives you the following information. Find out his profit or loss.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -2
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -3

Question 7.
Manmohan started his business on 01.01.2008 with a capital of ₹ 4,50,000. On 31.12.2008, his position was as under:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -4
He owed ₹ 30, 000 to his friend Ashok on th at date. He withdrew ₹ 6,000 p.m. for his household purposes. Ascertain his profit or loss for the year ending 31.12.2008.
Answer:
Opening Capital 4,50,000
Closing Capital = Assets – Liability
4,77,000 – 30,000 = 4,47,000
Drawings = 6,000 × 12 = 72,000
Additional Capital = W.L
Profit =. 4,47,000 + 72,000 – 4,50,000 = 69,000

Question 8.
From the following, calculate the capital at the beginning:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -5
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -6

KSEEB Solutions

1st PUC Accounts From Incomplete Records Six Marks Questions and Answers

Question 1.
What are the possible reasons for keeping incomplete records?
Answer:
The possible reasons for keeping incomplete records are:
a. Simple method: Proprietors, who do not have the proper knowledge of accounting principles, find it much convenient and easier to maintain their business records under this system.

b. Less time consuming: Maintaining books according to the single entry system is less time consuming, as only few books are to be maintained. Further, the books are not as comprehensive as they are under double entry system.

c. Less expensive: It is an economical mode of maintaining records, as there is no need to appoint specialized accountant.

d. Flexible: Owner may record transactions as per his/her own needs. It can be easily adjusted or changed whenever needed.

Question 2.
Distinguish between statement of affairs and balance sheet.
Answer:

Basis of Difference Statement of Affairs Balance Sheet
Objective It is prepared to determine the amount of capital at a particular date. It is prepared to ascertain the true financial position.
Reliability It is bases on estimates; hence, it is less reliable. It is based on sophisticated and well developed principles; hence, it is more
Accounting Method

It is prepared from incomplete records of business transactions under single entry

It is prepared when accounts are maintained under double entry system.
Omission Omission of assets and liabilities cannot be easily identified. Omission of assets and liabilities can be easily identified, as omission will lead to mismatch of either sides of the balance sheet.

Question 3.
What practical difficulties are encountered by a trader due to incompleteness of accounting records?
Answer:
The following are the difficulties that are encountered by a trader due to incompleteness of accounting records:
a. Accuracy of accounts: Arithmetical accuracy of accounts cannot be ascertained, since proper records of accounts are not maintained. Consequently, Trial Balance cannot be prepared.

b. Encourages fraud: As the arithmetical accuracy cannot be determined; so, this encourages fraud and provides sufficient scope for bluffing and carelessness.

c. Difficult to ascertain correct profit or loss: Since all expenses and income are not recorded, true profit or loss cannot be correctly ascertained.

d. Difficult to analyse the true financial position: As profit or loss cannot be ascertained. easily, so the balance sheet cannot be easily prepared. Hence, the absence of balance sheet will not reflect the true financial position of the business.

e. Difficulty in comparison: Due to the incomplete records and non-availability of previous years’ data, comparison is not possible. By the same token, comparisons with other firms are also not possible.

f. Unacceptable to tax authorities: It does not reflect the true and acceptable presentation of expenses and revenues. Hence, these are not acceptable by the tax authorities.

g. Raising funds: Since analysis of solvency, profitability and liquidity of business cannot be done, it is difficult to raise fund from outside.

KSEEB Solutions

1st PUC Accounts From Incomplete Records Twelve Marks Questions and Answers

Question 1.
What is meant by a ‘statement of affairs’? How can the profit or loss of a trader be ascertained with the help of statement of affairs?
Answer:
Statement of Affairs is like a balance sheet, which shows the estimated values of assets and liabilities.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -7

Question 2.
When liabilities are more than assets, then the balancing figure is denoted by Capital Deficiency in the assets side of the statement of affairs.
Answer:
When the assets’ balance exceeds liabilities’ balance, the balancing figure is denoted by capital in liabilities side of the statement of affairs.
For ascertaining profit or loss, if capital in the beginning is not given, then opening statement of affairs is prepared in order to calculate the capital in the beginning. Once the opening capital and closing capital is calculated, as Statement of profit or loss is prepared to determine the amount of profit earned or loss incurred during the accounting period.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -8
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -9

Question 3.
Is it possible to prepare the profit and loss account and the balance sheet from the incomplete book of accounts kept by a trader? Do you agree? Explain.
Answer:
The profit and loss account and the balance sheet can be prepared from the incomplete book ‘ of accounts through Conversion method. According to this method, incomplete records are converted into double entry records. In case of incomplete records, details of some transactions are easily available like cash sales, cash purchases, creditors, debtors; however, there are number of transactions, the details of which may not be available directly. Yet, these details can be found out indirectly or logically. Some of the important items that are vital for preparing balance sheet are given below,
a. Opening capital
b. Closing capital
c. Credit purchases
d. Cash purchases
e. Credit sales
f. Cash sales
g. Payment from debtors
h. Payment to creditors
i. Opening stock
j. Closing stock
Below are given are the steps included in the conversion method in a chronological order:
a. If opening capital is not given, then the first step is to prepare opening statement of affairs that gives the opening capital.

b. The second step is to prepare cash book that gives the opening or the closing cash and bank balancer.

c. The next step is to prepare total debtors account. It is prepared in order to find one of the missing figures, such as credit sales, opening debtors, closing debtors and cash received from debtors.

d. The subsequent step is to prepare total creditors account to ascertain one of the missing figures, such as credit sales, opening creditors, closing creditors and cash paid to the creditors.

e. The last step is to prepare final accounts. On the basis of the missing figures ascertained in each of the above steps, along with other mentioned information, Trading and profit and loss account and balance sheet can be prepared.

KSEEB Solutions

Question 4.
Explain how the following may be ascertained from incomplete records:
a. Opening capital and closing capital
b. Credit sales and credit purchases
c. Payments to creditors and collection from debtors
d. Closing balance of cash.
Answer:
a. Opening capital and closing capital: Opening capital can be ascertained by preparing opening statement of affairs at the beginning of the accounting period and closing capital can be ascertained by preparing closing statement of affairs at the end of the accounting period.

b. Credit sales and credit purchases: Credit sales are ascertained as the balancing figure of the total debtors account and credit purchases are ascertained as the balancing figure of the total creditors account.

c. Payments to creditors and collection from debtors can be ascertained by preparing total creditors account and total debtors account respectively.

d. Closing balance of cash may be ascertained by preparing cash account.

Question 5.
M/s Saniya sports equipment does not keep proper records. From the following information find out profit or loss and also prepare balance sheet for the year ended December 31, 2005
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -10
Drawings ₹ 10,000 p.m. for personal use, fresh capital introduce during the year ₹ 2,00,000. A bad debts of ₹ 2,000 and a provision of 5% is to be made on debtors. Outstanding salary ₹ 2,400, prepaid insurance ₹ 700, depreciation charged on furniture and machine @ 10% p.a.

Question 6.
From the following information calculate the amount to be paid creditors: ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -11 (2)
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -12 (1)
Cash paid to creditors = 4,40,0175

Question 7.
Find out the credit purchases from the following: ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -13
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -14
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -15

KSEEB Solutions

Question 8.
From the following information calculate total purchases. ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -16
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -17
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -18
Total purchase = Cash purchase + credit purchases = 1,29,000+2,01,500 = 3,30,500

Question 9.
The following information is given ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -19
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -20

Question 10.
From the following, calculate the amount of bills accepted during the year.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -21
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -22
Calculated purchases during the year

Question 11.
Find out the amount of bills matured during the year on the basis of information given below :
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -23
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -24

Question 12.
Prepare the bills payable account form the following and find out missing figure if any:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -25
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -26

KSEEB Solutions

Question 13.
Calculate the amount of bills receivable during the year. ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -27
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -28

Question 14.
Calculate the amount of bills receivable dishonoured from the following information. ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -29
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -30

Question 15.
From the details given below. Find out the credit sales and total sales.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -31 (1)
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -32
Total sales = cash sales + credit sales
= 80,000 + 2,82,300
= 3,62,300

Question 16.
From the following information. Prepare the bills receivable account and total debtors account for the year ended December 31, 2005.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -33
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -34

KSEEB Solutions

Question 17.
prepare the suitable accounts and find out the missing figures if any ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -35
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -36
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -37
Question 18.
From the following information ascertain the opening balance of sundry debtors and closing balance of sundry creditors.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -38
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -39
The rate of gross profit is 25% on selling price and out of the total sales ₹ 85,000 was for cash sales.
(Hint: Total sales = 4,00,000 = 3,00,000*100/75)
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -40
Total sales = Cash sales + Credit sales
Total sales = cost of goods sold + Gross profit
Cost of goods sold = opening stock + purchases – closing stock
= 30,000 + 2,95,000 – 25,000
= 3,00,000
Gross profit is 25% on sales i.e. 1/4 on sales so 1/3 on cost i.e. 1/4-1 = 1/3
Gross profit = 3,00,000 * 1/3 = 1,00,000
Total sales = 3,00,000 + 1,00,000
= 4,00,000
Total sales = cash sales + credit sales
4,00,000 = 85,000 + credit sales
Credit sales = 4,00,000 – 85,000
= 3,15,000

Question 19.
Mrs. Bhavana keeps his books by single entry system. You’re required to prepare final accounts of her business for the year ended December 31,2005. Her records relating to cash receipts and cash payments for the above period showed the following particulars:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -41
The followng information is also avaliable:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -42
All her sales and purchases were on credit. Provide depreciation on plant and building by 10% and machinery by 5%, make a provision for bad debts by 5%.
(Ans : Gross profit: ₹ 95,000 ; Net profit: ₹ 41,250 : Total of balance sheet: ₹ 5,75,250).

KSEEB Solutions

1st PUC Accounts From Incomplete Records Numerical Questions

Ascertainment of profit or loss by statement of affairs method
Question 1.
Following information is given below prepare the statement of profit or loss: Capital at the end of the year ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -43
Answer
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -44

Question 2.
Ramesh started his business on January 01, 2005 with a capital of ₹ 2,25,000. On December 31,2005 his position was as under: ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -45
He owned ₹ 22,500 from his friend Susheel on that date. He withdrew ₹ 4,000 per month for his household purposes: Ascertain his profit or loss for this year ended December 31, 2010.
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -46
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -47

Question 3.
From the information given below ascertain the profit for the year : ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -48
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -49
Question 4.
From the following information, calculate capital at the beginning :
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -50
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -51

KSEEB Solutions

Question 5.
Following information is given below : calculate the closing capital
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -52
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -53
Closing Capital = 40,000
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -54

Question 6.
Mrs. Manu started firm with a capital of ₹ 4,00,000 on 1st July 2005. She borrowed from her friends a sum of ₹ 1,00,000 @ 10% per annum (interest paid) for business and brought a further amount to capital ₹ 75,000 on Dec. 31, 2008, her position was:c?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -55 (1)
He withdrew ₹8,000 per month for the year. Calculate profit or loss for the year and show your working clearly.
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -56

Question 7.
Mr. Rakesh does not keep proper records of his business he provided following information, you are required to prepare a statement showing the profit or loss for the year. ?
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -57
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -58
Ascertainment of statement of affairs at the beginning and at the end of the year and calculation of profit or loss.
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -59

Question 8.
Mr. Akash keeps his books on incomplete records following information is given below :
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -60
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -61
During the year he withdrew ₹ 22,500 and introduced ₹ 12,500 as further capital in the business compute profit or loss of the business.
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -62
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -63

KSEEB Solutions

Question 9.
Krishna does not keep proper books of account. Following information is given below:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -64
During the year he introduced ₹ 20,000 and withdrew ₹ 12,000 from the business. Prepare the statement of profit or loss on the basis of given information Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -65
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -66

Question 10.
Mr. Mahesh maintains his books of accounts from incomplete records. His books provide the information :
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -67
He withdrew ₹ 600 per month for personal expenses. He sold his investment of ₹ 32,000 at 2% premium and introduced that amount into business.
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -68
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -69

Question 11.
Mr. Rajesh does not keep full double entry records. His balance as on January 01,2013 is as.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -70
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -71
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -76
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -77

KSEEB Solutions

Question 12.
Mr. Santhosh does not keep his books properly. Following information is available from his books.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -78
During the year Mr. Santhosh sold his private car for ₹ 25,000 and invested this amount into the business. He withdrew from the business ₹ 750 per month upto July 31,2012 and thereafter ₹ 2,250 per month as drawings. You are required to prepare the statement of profit or loss and statement of affair as on December 31,2005.
Answer:
His position at the of the year is:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -79
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -80

Question 13.
Ms. Sahand has not kept proper books of accounts prepare the statement of profit or loss for the year ending December 31,2008 from the following information:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -81
The following adjustments were made:
(a) Ms Sahana withdrew cash ₹ 5,000 per month for private use.
(b) Depreciation @ 5% on car and furniture @ 10%.
(c) Outstanding Rent ₹ 6,000
(d) Fresh capital introduced during the year ₹ 30,000.
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -82
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -83
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -89

KSEEB Solutions

Question 14.
M/s Soniya Sports Equipment does not keep proper records. From the following information find out profit or loss and also prepare balance sheet for the year ended December 31,2004.
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -85
Drawing ₹ 5,000 p.m. for personal use. Fresh capital introduce during the year ₹ 1,00,000. A bad debts of ₹ 1,000 and a provision of 5% is to be made on debtors. Outstanding salary ₹ 1,200, prepaid insurance ₹ 350. Depreciation charged on furniture and machine @ 10% p.a.
Answer:
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -86
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -87
1st PUC Accountancy Question Bank Chapter 11. Accounts From Incomplete Records -88

1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 15 Jivake Indhana

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Karnataka 1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 15 Jivake – Indhana

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1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 14 Devarigondu Arji

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Karnataka 1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 14 Devarigondu Arji

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1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 14 Devarigondu Arji 1
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1st PUC Kannada Textbook Answers Sahitya Sanchalana Chapter 13 Holige Yantrada Ammi 1
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2nd PUC Biology Question Bank Chapter 12 Biotechnology and its Applications

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Karnataka 2nd PUC Biology Question Bank Chapter 12 Biotechnology and its Applications

2nd PUC Biology Biotechnology and its Applications Ncert Text Book Questions and Answers

Question 1.
Crystals of Bt toxin produced by some bacteria do not kill the bacteria themselves because
(a) bacteria are resistant to the toxin
(b) toxin is immature;
(c) toxin is inactive;
(d) bacteria encloses toxin in a special sac.
Answer:
(c) Bacillus thuringiensis forms protein crystals during a particular phase of their growth. These crystals contain a toxic insecticidal protein. Actually, the Bt toxin protein exists as inactive protoxins but once an insect ingests the inactive toxin, it is converted into an active form of toxin due to the alkaline pH of the insect gut which solubilise the crystals. The activated toxin binds to the surface of midgut epithelial cells and creates pores that cause cell swelling and lysis and eventually cause the death of the insect, but it does not harm Bacillus itself.

Question 2.
What are transgenic bacteria? Illustrate using any one example. (CBSE – 2006)
Answer:
Bacteria carrying foreign genes are called transgenic bacteria. For example, two DNA sequences (A and B chains of human insulin) were introduced into the plasmid of bacteria E.coli. The leans genic bacteria start producing insulin chains.

Question 3.
Compare and contrast the advantages and disadvantages of the production of genetically modified crops.
Answer:
Advantages of GM crops:

  • Genetic modification has made crops more tolerant to abiotic stresses (cold, drought, heat, salt.)
  • Viral resistance can be introduced.
  • Over ripening, losses can be reduced. Example: Flavr Savr Tomato.
  • Enhanced nutritional value of food. Example: Golden Rice.
  • Reduced reliance on chemical pesticides.

Disadvantages of GM crops:

  • Transgenes in crop plants can endanger native species.
  • Example: The gene for Bt toxin expressed in pollen may end natural pollinators such as honeybees.
  • Weeds also become resistant.
  • Products of transgenes may be allergic or toxic.
  • They cause damage to the natural environment.

KSEEB Solutions

Question 4.
What are Cry proteins? Name an organism that produces it. How has man exploited this protein to his benefit?
Answer:
Cry proteins are protein responsible for killing lepidopteran insect and their larvae (also called Bt toxin). It is secreted by Bacillus thuringienesis. Man exploited gene encoding this toxin, by transferring it into cotton genome with the help of Agrobacterium TDN A as vector.

Question 5.
What is gene therapy? Illustrate using the example of adenosine deaminase (ADA) deficiency,
Answer:
It is a collection of methods which allows correction of a gene defect that has been diagnosed in a child or embryo. In gene therapy, normal genes are inserted into a person’s cells or tissues to treat a hereditary defect. Gene therapy is being tried for sickle cell anaemia and Severe Combined Immuno Deficiency (SCID).

In some children, ADA deficiency can be cured by bone marrow transplantation. In others, it can be treated by enzyme replacement therapy, in which functional ADA is given to the patient by injection. However, both of these approaches are not completely curative.

In gene therapy, lymphocytes from the blood of the patient are grown in a culture outside the body. A functional ADA cDNA (using a retroviral vector) is then introduced into these lymphocytes, which are subsequently returned to the patient. Because these cells are not immortal, the patient requires a periodic infusion of such genetically engineered lymphocytes. However, if the gene isolated from marrow cells producing ADA is introduced into cells at early embryonic stages, the disease could be cured permanently.

Question 6.
Diagrammatically represent the experimental steps in cloning and expressing a human gene (say the gene for growth hormone) into a bacterium like E. coli?
Answer:
The given diagram represents the experimental steps in cloning and expressing a human gene for growth hormone into a bacterium E. coli.
2nd PUC Biology Question Bank Chapter 12 Biotechnology and its Applications 1

Question 7.
Can you suggest a method to remove oil (hydrocarbon) from seeds based on your understanding of rDNA technology and the chemistry of oil?
Answer:
To remove oil from seeds using recombinant DNA technology would involve:

  • Identifying the genes that code for oil production.
  • Deleting these genes from the seed genome.
  • Splicing back together with the remaining DNA.
  • Putting it back into the cell.

It will not be very easy because the oils are made up of fatty acids and glycerol. Since fatty acids are important components of the cell membrane system, deleting or switching off of its genes might affect the cell structure itself.

Question 8.
Find out from the internet what is golden rice.
Answer:
Golden rice is transgenic rice having gene coding for vitamin A synthesis enzyme. Golden rice was developed by the Swiss Federal Institute of Technology, rich in vitamin A (beta carotene). The rice grains are golden yellow in colour due to colour it gets from the beta carotene.

Question 9.
Does our blood have proteases and nucleases?
Answer:
No, our blood does not contain enzyme proteases and nucleases. If these two enzymes were there in the blood, it causes the degeneration of blood cells and lining cells of blood cells.

Question 10.
Consult the internet and find out how to make orally active protein pharmaceuticals. What is the major problem to be encountered?
Answer:
Proteinaceous drugs cannot be taken orally because they can be degraded by the proteases of our alimentary canal. To counteract this problem or to make an orally active protein pharmaceutical, it must be coated by a film that is resistant to protein degrading enzymes.

2nd PUC Biology Biotechnology and its Applications Additional Questions and Answers

2nd PUC Biology Biotechnology and its Applications One Mark Questions

Question 1.
Name the organism whose genetic material has been altered using genetic engineering techniques.
Answer:
Genetically Modified Organisms (GMO).

Question 2.
Genetically modified cotton is named Bt cotton. What does the prefix ‘Bt’ mean?
Answer:
Cotton containing a toxin gene from Bacillus thuringiensis

Question 3.
Through whom Bt toxin protein originates?
Answer:
By Bacillus thuringiensis.

Question 4.
Biopiracy affects developing countries like India more than industrialized nations because our country is rich in ………………. and …………………. related to bio-resources.
(Bioetics / Biodiversity/Biopatent, Traditional resources/Traditional cultivation/Traditional knowledge)
Answer:
Biodiversity and Traditional knowledge

KSEEB Solutions

Question 5.
Full form of RNAi.
Answer:
RNA interference (RNAi).

Question 6.
What GEAC?
Answer:
Genetic engineering Approval committee.

Question 7.
Name the scientific name of bacteria in which be form organism toxin.
Answer:
Bacillus thuringiensis.

Question 8.
A multinational company outside India tried to sell new varieties of turmeric without proper patent rights. What is such an act referred to as?
Answer:
Biopiracy

Question 9.
What is Hirudin?
Answer:
It is a protein which prevent blood dotting.

2nd PUC Biology Biotechnology and its Applications Two Marks Questions

Question 1.
In case of Bt Cotton how does the toxic insecticide protein produced by the bacterium kill the insect pest but not the cells of Bacillus thuringiensis where the toxic protein is generated?
Answer:
The toxin produced by Bacillus thuringiensis is an endotoxin called cry protein. It is crystalline and nontoxic when formed being in the protoxin stage. As it reaches the gut of insects, the cry protein is converted into toxic and soluble state. It attaches the receptors present on the epithelial cells of the gut produces pores and kills the cells resulting in the death of the insects.

Question 2.
What are the 4 main objectives of genetically modified crop plants? (CBSE 2008)
Answer:

  • Higher nutritional value eg: Vitamin. A in golden rice
  • Abiotic stresses- Increased tolerance to drought etc.
  • Post Harvest losses- Prevention of over-ripening and other post-harvest losses.
  • Insect and Pest resistance. eg: Bt-cotton.

Question 3.
Define transgenic organisms (CBSE 2006)
Answer:
They are organisms which have been modified genetically through the introduction of genes of another organism artificially by the technique of genetic engineering instead of conventional hybridisation.

Question 4.
How is early detection of diseases possible using molecular diagnostics?
Answer:

  • Low concentration of viral or bacterial DNA in the host cell/body can be detected much before the symptoms of the disease appear i.e. early detection of disease is possible
  • Clones of genes can be used to as probe to detect the presence of mutual alleles in cancer suspected patients.

Question 5.
Name any two biological products that are produced in transgenic animals and mention their uses.
Answer:

  • a-1- antitrypsin is used to treat emphysema.
  • a-lactalbumin is produced in the milk of the transgenic cow, Rosie, this is a nutritionally more balanced product for human babies than normal cow milk.

Question 6.
Bacillus thuringiensis makes our environment pesticide-free. Comment.
Answer:
Bacillus thuringiensis produces a toxin called Bt toxin. Gene for Bt toxin has been cloned from bacteria and been expressed in plants to provide resistance to pests. In this manner, many plants are produced. So in the future, this makes our environment pesticide-free.

KSEEB Solutions

Question 7.
What is the cause of adenosine deaminase deficiency in a person?
Answer:
It is due to the deletion of the gene coding for the enzyme adenosine deaminase, this enzyme is crucial for the functioning of the immune system.

Question 8.
Briefly describe the RNA interference process for preventing nematode infestation of plants.
Answer:
RNA interference (RNAi) takes place in all eukaryotic organisms as a method of cellular defense. This method involves the silencing of a specific mRNA due to a complementary double-stranded RNA molecule that binds to it and prevents translation of mRNA. The source of this complementary RNA could be from injection by viruses having RNA genomes or mobile genetic elements.

Question 9.
Why does Bt toxin not kill the bacillus? How does it kill the insect larvae?
Answer:

  • When Bt toxin is ingested by an insect, it is converted into its active form when exposed to the alkaline pH in the gut.
  • The activated toxin binds to the surface of the epithelial cells of the midgut creates pores.
  • Water enters the cells and causes their swelling and lysis.

Question 10.
Write the advantages of recombinant therapeutics?
Answer:
The recombinant therapeutics do not induce any unwanted immunological response like the similar products of non-human origin such therapeutics are highly effective.

Question 11.
How is ELISA used to detect pathogens in the body?
Answer:

  • Pathogens are detected by the presence of antigens, which may be a protein or glycoprotein.
  • Pathogens can be also be detected by the presence of antibodies synthesized against the pathogens.

2nd PUC Biology Biotechnology and its Applications Three Marks Questions

Question 1.
What is genetically modified (GM) food? Give two examples.
Answer:
Genetically modified food (GM food): The food substances produced from genetically modified crops or transgenic crops is called GM food. This food differs from conventionally developed varieties in the following aspects :

  • GM food contains an antibiotic resistance gene itself.
  • It contains protein produced by transgene, e.g. Cry protein in insect resistance varieties.
  • These GM foods contain enzyme produced by the antibiotic resistance gene that was used during gene transfer by recombinant DNA technology.

Examples of GM Crops, Food, and Fruits:

1. Flavr Savr Tomato: It is the first food containing genetically engineered DNA. . These tomatoes contain genes for antibiotic resistance for kanamycin.

2. Maize: GM maize has a bacterial gene that increases its resistance to pests and
diseases. It also has a gene for ampicillin resistance which is harmful for us, therefore the introduction of GM maize is opposed by many European countries. ,

3. Rape oilseed: It is a new type of plant that contains genes for resistance to the herbicide Basta. It has more potential, dangers and can become a weed and would be impossible to control with Basta. It could cross-fertilize with relatives such as wild mustard, thus, spreading the resistance to wild plants. Such type of environmental risks could occur with genetically modified rapeseed crop. They might also affect food chains in unpredictable ways.

Question 2.
Mention three reasons for the success of the green revolution in India.
Answer:

  • Use of improved verities of crops
  • Employing better management practice
  • Use of agrochemicals such as fertilizers and pesticides.

Question 3.
Enumerate the fields of application of biotechnology.
Answer:
The applications of biotechnology include

  • Molecular diagnostics
  • Bioremediation
  • Waste treatment
  • Energy production
  • Therapeutics.

Question 4.
Explain the steps involved in the production of genetically engineered insulin.
Answer:
Insulin used for diabetes was earlier extracted from the pancreas of slaughtered cattle and pigs. Insulin consists of two short polypeptide chains, chain A and chain B that are linked together by disulphide bridge.

In mammals, including humans, insulin is synthesised as a prohormone which contains an extra stretch called the C peptide. This C peptide is not present in the mature insulin and is removed during maturation into insulin. The main challenge for the production of insulin using rDNA techniques was getting insulin assembled into a mature form.

In 1993 Eily Lilly an American company prepared two DNA sequences corresponding to A and B, chain of human insulin and introduced them in the plasmid of E.coli to produce insulin chains, Chains A and B were produced separately, extracted, and combined by creating disulphide bonds to form human insulin.

Question 5.
Name any 6 plants where Bt toxin-producing genes have been included.
Answer:

  • Cotton
  • Tomato
  • Rice
  • Potato
  • Soybean
  • Com.

2nd PUC Biology Biotechnology and its Applications Five Marks Questions

Question 1.
Two of the steps involved in producing nematode-resistant tobacco plants base on the process of RNA I are mentioned below. Write the missing steps in the proper sequence.
Answer:

2nd PUC Biology Question Bank Chapter 12 Biotechnology and its Applications 2

  • Nematode specific genes
  • Production of both sense and antisense RNAs
  • Double strand RNA
  • Silencing specific mRNAs of nematode
  • Death of nematodes
  • Protection of transgenic plants from nematodes.

KSEEB Solutions

Question 2.
Describe the application of genetic engineering in the field of Agriculture and Medicine.
Answer:
(A) Application of Genetic engineering or Biotechnology in Agriculture: Genetic engineering is found to be very beneficial in agriculture. Its important use in agriculture are:
1. Increase in photosynthetic efficiency: An increase in photosynthetic efficiency of crop plants can be achieved by introducing suitable Carbon dioxide Fixation Gene (cfx) from any plant into the crop plants.

2. Transfer of nitrogen-fixing ability: Number of symbiotic and non-symbiotic micro-organisms have a capacity of fixing atmospheric nitrogen. Nitrogen fixers are found to possess nitrogen-fixing gene (nif genes) which are located on chromosomes or plasmids. Introduction of nif gene in crop plants results inability in crop plants to fix atmospheric nitrogen and reduction in the use of chemical nitrogen fertilizers.

3. Disease resistance in crop plants: Plant breeders at present are developing high-yield varieties by transferring genes for disease resistance through conventional breeding.

4. Plant tissue in crop improvement: Some of the areas of plant improvement where tissue culture has been applied with success are as follows :

  • Rescuing hybrids through embryo culture.
  • Multiplication of germplasm.
  • Production of disease-free plants.
  • Production of haploid through another culture.
  • Somaclonal variation.
  • Somatic hybridization.
  • Cryopreservation of germplasm.

5. VAM (Vesicular-Arbuscular Mycorrhiza) fungi with Rhizobium can boost the yields: Recently there has been a new dimension to this farm practice by the way of increasing Rhizobium inoculation effect by simultaneous inoculating seeds with VAM as well as Rhizobium culture. VAM is a structural modification of hyphae helping in absorption and storage of phosphorus.

(B) Application of Genetic engineering in the Medical field:

  1. Hereditary diseases like color-blindness, haemophilia which are caused by recessive genes and also many inborn metabolic disorders due to defective genes as alkaptonuria, phenylketonuria can be cured with gene therapy.
  2. Substances like vitamins, hormones, amino acids and antibodies can be synthesized in bacteria by introducing the genes which code these substances. In this way, bacteria can be used as biofactories for the synthesis of these substances.
  3. Production of insulin: Insulin is a medicine used for the treatment of diabetes. Initially, it is derived from animals (pig and cows) but today it is produced by gene splicing.
  4. Hepatitis-B vaccine: Hepatitis-B is a viral disease of the liver. Today this vaccine is prepared with the help of genetic engineering.

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