Class 11 – Accountancy

Maximum Marks: 80 Time Allowed: : 3

hours

General Instructions:

1. This question paper contains 34 questions. All questions are compulsory.

2. This question paper is divided into two parts, Part A and B.
3. Question 1 to 16 and 24 to 26 carries 1 mark each.
4. Questions 17 to 19 carries 3 marks each.
5. Questions from 20 to 22 and 27 carries 4 marks each.
6. Questions from 23 and 28 carries 6 marks each.
Part A
1. For which of the following, non-cash voucher is prepared?
a) Credit sale of fixed assets
b) Credit sale of goods
c) All of these
d) Credit sale of investments
2. Assertion (A):Capital account. Is a representative personal account
Reason (R): increase in liabilities shown in debit side
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
3. Debit mean
a) a decrease in asset
b) an increase in the proprietor’s equity
c) an increase in asset
d) an increase in liability
4. Goods costing Rs.15,000 were sold for cash at a profit of 20%. By what
amount cash increase
a) Rs.13,000
b) Rs.12,000
c) Rs.18,000
d) Rs.15,000
5. If the capital is Rs.300000, cash is Rs.200000, Machinery is 300000
What is the amount of liabilities a) Rs.200000 b) Rs.800000 c) Rs.500000 d)
Rs.700000

6 Which of the following source documents is used for depositing cash or

cheques into bank?
a) Pay note
b) Counterfoil
c) Cash slip
d) Pay-in-slip
7 Radheshyam is a furniture dealer. Which one of the following will not be
recorded in his books?
A Purchase of Timber for Rs 50,000
B Sofa set worth Rs 40,000 taken to his home
C Sale of household furniture for Rs 5,000
D Dining table of Rs 30,000 given to his friend as a gift
a) Only A
b) Only D
 c) Only B
d) Only C
OR

Book-keeping is mainly concern with:

a) All of these
b) Recording financial data relating to business operations and classifying
it.
c) Designing for system recording, classifying and summarizing.
d) Interpreting data for internal and external users.

8 Sale of goods to Rahul for cash is debited to:

a) Rahul A/c
b) Sales A/c
c) Stock account
d) Cash A/c

9.Sundry Creditors Account is a:

a) Liability Account
b) Asset account
c) Capital Account
d) Revenue Account
10 As per the business entity assumption, the business is different from the
a) Proprietor
b) Politics
c) Government
d) Banker
11 The nature of capital is
a) an income
b) a liability
c) an expense
d) an asset

12 The advantages of Purchase Book are:

a) All of these
b) Knowledge of total price of goods purchased on credit
c) Easiness in preparing ledger
d) Price of goods purchased from each supplier

13. The capital of a business 10,000, creditors are 4,000, the total
assets are :
a) 14000
b) 6000
c) 8000
d) 4000
14. Which of the following is an asset?
a) Sales Return
b) Purchases
c) Interest Received
d) Machinery
15 Which of the following is an intangible asset?
 a) Machinery
b) Bill receivable
c) Patents
d) Furniture
16 Total of Purchase Column in Purchase Book is posted to:
a) Purchases A/c – Cr.
b) Sales A/c – Cr.
c) Sales A/c – Dr.
d) Purchases A/c – Dr.
17 Explain the procedure of balancing personal accounts.for the following
transactions:
2023

Jan 6 Sold goods to Neetu of the list price of Rs 2,00,000 at trade discount of 20%.

Jan 8 Neetu returned goods of the list price of Rs 5,000.

Jan 15 Received from Neetu the full payment under a cash discount of 4%.
18 Open a T shape account of debtor Ramesh
Sold goods to Ramesh on credit of Rs 25000
Cash received from Ramesh of Rs 10000
Discount allowed to him Rs.500
Goods returned by Ramesh of Rs. 5000.
19. journalise the following
a. purchased furniture and issued cheque 1500000
b. purchased machinery from sohan on credit 200000
c. bought furniture from hindu traders in cash 10000
d. bought computers from HP Noida ,paid amt by internet transfer
50000
e. paid cash of installition of second hand purchase machinery
10000
f. paid for repairing of building of 5000
20. give the journal entries for the following
i. Gross profit of 32000
ii. Net loss of 14,500
iii. Purchase return 7000
iv. Proprietor draw 10000 from capital
v. Sales return 4000
vi. Interest accured 500
vii. Insurance prepaid 3000
viii. Commision due to manager 6% on net profit after charging such
commission,net profit before charging comm. Rs106000
21. Following balances were extracted from the books of Ritesh on 31st
March, 2023. You are required to prepare a Trial Balance. The amount required
to balance should be entered as capital.
22. ₹ ₹

Purchases 1,70,000 Drawings 7,700

Stock (1st April, 2022) 24,000 Returns Inward 3,500

Sales 1,05,000 Premises 5,28,000

 22. ₹ ₹

Sundry Debtors 23,800 Sundry Creditors 16,100

Discount Received 3,500 Discount Allowed 2,800

Carriage Outwards 700 Carriage Inwards 1,400

Cash in Hand 3,500 Cash at Bank 17,500

Machinery 1,24,500 General Expenses 2,100

Provision for Depreciation on

24,200 Bad Debts Written off 2,450
Machinery

Provision for Doubtful

2,380
Debts
22 Prepare a Cash Book with Cash and Bank Columns from the
following transaction:
2017 Rs

Jan. 1 Cash in hand Rs 5,000, Bank overdraft Rs 1000

Jan. 2 Deposited into bank 1000

Jan. 3 General Expenses paid 600

Jan. 7 Purchased goods from Mudit on credit 2,000

Jan. 10 Drew from bank for personal use 1,200

Jan. 12 Paid to Mudit in full settlement 1,800

Jan. 15 Recovered from Sunny, who owe Rs 3,000 1,500

23 Pass Journal entries for the following transactions:

1Monika started business with Cash ₹ 3,00,000, Stock ₹ 5,00,000
and building ₹ 25,00,000.
2. Construction of power-back room ₹ 1,00,000.
3. Paid insurance premium for stock ₹ 15,000 and self ₹ 7,000.
4. Goods destroyed by fire ₹ 80,000, Insurance Claim lodged.
5. Commission received ₹ 25,000, 20% being received in advance.
6. Insurance company paid 80% in full and final settlement.
7. Salaries paid ₹ 48,000 and due ₹ 22,000.
8. Provide Depreciation on Building @ 10%
24 Profit = Capital at the end + ? – Capital introduced – Capital in the
beginning.
a) Sales
b) Journal
c) Net Purchases.
d) Drawings
25 Calculate the amount of purchase from the following information.
Purchase: ₹ 280000, Return outward: ₹ 5000, goods distributed as free
sample: ₹ 2000, goods costing ₹ 1500 taken over by owner
 a) ₹ 269500
b) ₹ 273000
c) ₹ 27000
d) ₹ 271500

26 During 2012-13, he introduced Rs 20,000 as new capital. He withdrew Rs

6,000 every month for his household expenses. Ascertain his profit for the
year ended 31st March, 2013.

27 Mr Verma started a business with a capital of ₹ 5,00,000. At the end of the

year, his position was

Items Amount (₹)

Cash in hand 15,000

Cash at bank 70,000

Sundry debtors 1,20,000

Stock 2,40,000

Furniture 75,000

Machinery 2,00,000
Sundry creditors at this date totalled ₹ 80,000. During the year, he introduced
a further capital of ₹ 1,50,000 and withdrew for household expenses ₹ 90,000.You
are required to calculate profit or loss during the year.

28. On 31st March Shri account shows following entries.Record them in proper books .

2025 march Bought goods for cash

1 5000
Purchased from hari 5 laptop @35000
each,5Desktop @25000 each less :trade discount
15%
20000
purchased computer & printer from computer mart
March 2 against chq for office use
15000
March 5
Deposited into Bank
March 7
Sold goods to radha ,Kanpur: 2 laptops @32000
each and 2 desktop @24000 each
March 10
March 14 Received chq from Radha on account 75000

Received another chq from radha in full settle ment 36000

March 16
Returned goods to hari 1 laptop and 1desktop with
trade discont