Kendriya Vidyalaya Sangathan Kolkata Region
SAMPLE QUESTION PAPER
CLASS-XI
TERM-II (2021-22)
Subject: Accountancy (055)
Time Allowed : 2 Hours Max. Marks: 40
General Instructions:
1. This question paper comprises two Parts – A and B. There are 12 questions in the
question paper. All questions are compulsory
2. Both Parts are compulsory for all candidates.
3. Question nos. 1, 4, 5 and 6 are short answer type–I questions carrying 2 marks each.
4. Question nos. 7 to 10 are short answer type–II questions carrying 3 marks each
5. Question nos. 2, 3,11 and 12 are long answer type questions carrying 5 marks each.
6. There is no overall choice. However, an internal choice has been provided in 3 questions
of three marks and 1 question of five marks.
Part A: FINANCIAL ACCOUNTING- I
1. Give any two differences between Bills of Exchange and Promissory Note. 2
2. A owed to B Rs. 10,000. He gave a bill for the same on 12 April, 2021, payable 5
after 4
months . Immediately after receiving the bill, B endorsed it to C in payment of his
debt. On 12th May, C discounted the bill at 12% p.a. The bill is dishonoured on due
date and noting charge was Rs.500. Pass the necessary Journal entries in the
books of B and C .
3. Rectify the following errors. 5
1. Credit sales to Arindam Rs.7,000 were recorded in purchases book.
2. Credit purchases from Pankaj Rs. 9,000 were recorded in sales book.
3. No entry has been made for sales return of Rs. 450.
4. Rs.1,000 received from X has been credited to Y account.
5. An Office table purchased for Rs. 7,500 has been wrongly passed
through the Purchase book.
Part B: FINANCIAL ACCOUNTING- II
4. From the following information calculate Gross Profit and Cost of Goods Sold : 2
Sale Rs.5,00,000
Gross Profit 25% on Cost
5. Identify the following item as capital or Revenue: 2
a) Purchase of building
b) Carriage paid on purchase of goods
c) Carriage paid on purchase of machinery
d) Repayment of long term loan
6. Differentiate between Computerized accounting and Manual Accounting. (Any2) 2
7. Calculate Sales and gross profit from the following information. 3
Purchases 40,000 Direct Expenses 4,500
Opening Stock 8,000 Closing Stock 7,500
Rate of GP is 20% on cost
OR
Calculate cost of goods sold and gross profit from the following information.
Sales 62,500 Purchases 32,000
Sales Returns 500 Direct Expenses 4,200
Opening Stock 6,400 Closing Stock 7,200
8. Opening capital is Rs. 2,50,000 ; Closing capital is Rs .3,00,000 ; Drawing during 3
the year was Rs. 20,000 ; Additional capital Rs. 15,000. Calculate profit or Loss.
OR
Opening capital is Rs. 3,50,000 ; Closing capital is Rs. 4,00,000 ;drawing during
the year was Rs. 30,000; Additional capital Rs.85,000. Calculate profit or Loss.
9. Explain any three elements of computer system. 3
10. Explain three benefits of computerized accounting. 3
OR
Explain three limitations of computerized accounting.
11. From the following Trial Balance as on 31st March 2010, prepare Trading and 5
Profit & Loss Account.
Cash at Bank 6,000 Capital 50,000
Cash in hand 900 Sales 1,77,000
Advertisement 2,000 Creditors 25,000
Rent, Rates and 10,000 Rent Received 525
Taxes 1,200 Purchase 750
Carriage on sales 750 Returns
Carriage on purchase 10,000
Manufacturing wages 6,000
Salaries 45,000
Sundry debtors 75
Bank charges 350
Discount 30,000
Opening stock 1,000
Returns 60,000
Purchases 60,000
Plant and machinery 20,000
Loan to Ram
2,53,275 2,53,275
Adjustments:
(i) Stock in hand at the end Rs.35,000.
(ii) Charge 20% of the advertisement this year.
(iii) Charge interest on loan given to Ram @ 9% p.a.
(iv) Create 5% provision for bad and doubtful debts.
OR
From the following Trial Balance as on 31st March 2010, prepare Trading and
Profit & Loss Account.
Cash at Bank 8,000 Capital 52,000
Cash in hand 900 Sales 1,97,000
Advertisement 5,000 Creditors 25,000
Rent, Rates and 10,000 Rent Received 6,525
Taxes 3,200 Purchase Returns 750
Carriage on sales 750
Carriage on purchase 15,000
Manufacturing wages 6,000
Salaries 45,000
Sundry debtors 75
Bank charges 3,350
Discount 35,000
Opening stock 1,000
Returns 68,000
Purchases 60,000
Plant and machinery 20,000
Loan to Ram
2,81,275 2,81,275
Adjustments:
(i) Stock in hand at the end Rs.45,000.
(ii) Charge 30% of the advertisement this year.
(iii) Charge interest on loan given to Ram @ 6% p.a.
(iv) Create 5% provision for bad and doubtful debts.
12. Miss Radha maintains the books of accounts from incompletes records. His books 5
provide the information:
Particular 31st 31stMarch,2021
March,2020 Rs.
Rs.
Cash 1,200 1,600
Bills Receivable -- 2,400
Debtors 16,800 27,200
Stock 22,400 24,400
Investment 8,000
Furniture 7,500 8,000
Creditors 14,000 15,200
She withdrew Rs. 300 per month for personal expenses. She sold her
investment of Rs. 16,000 at 2% premium and introduced that amount into
business. You are required to calculate profit or loss.
