RANBIR SINGH MODEL SCHOOL, DARYAPUR

MID TERM EXAMINATION (2025-26)

GRADE XI (COMMERCE)

SUBJECT: ACCOUNTANCY

TIME: 3 HOURS M. MARKS: 80 MARKS

GENERAL INSTRUCTIONS:

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

compulsory.
2. Question Nos.1 to 20 carries 1 mark each.
3. Questions Nos. 21 to 26 carry 3 marks each.
4. Questions Nos. from 27 to 29 carry 4 marks each.
5. Questions Nos. from 30 to 34 carry 6 marks each.
6. There is no overall choice. However, an internal choice has been
provided in some questions.

Multiple Choice Questions (20 * 1= 20)

Q1. Which concept ensures only those transactions are recorded that can be
expressed in monetary terms?
A. Going Concern B. Accounting Period
C. Money Measurement concept D. Accrual concept
Q2. The qualitative characteristic that financial information should be free
from bias and error describes:
A. Relevance B. Reliability
C. Understandability D. Comparability
Q3. Which of the following terms from Ch-2 correctly describes “an
amount owed by the business”?
A. Asset B. Liability B. Recognizing revenue when earned, not when cash received
C. Revenue D. Capital C. Only recording cash transactions
D. Recognizing expenses when paid
Q4. According to the dual aspect principle in the double entry system, every
transaction: Q10. Which process is depicted by the “processing of data into financial
A. Involves only cash receipts information”?
B. Affects only one aspect of the accounting equation A. Recording B. Classification
C. Has equal and simultaneous debit and credit effects C. Summarisation D. Reporting
D. Is recorded only in the journal
Q11. Which of the following best describes the scope of accounting?
Q5. Owner’s capital ₹40,000. Assets increased by ₹15,000. Liabilities A. Only financial planning
increased by ₹5,000. What is the capital after these changes? B. Recording, classifying, summarising, interpreting, and communicating
A. ₹50,000 B. ₹60,000 C. Only reporting to management
C. ₹55,000 D. ₹45,000 D. Only tax calculation
Q6. Bought office equipment ₹8,000 (cash) and paid off liabilities by Q12. The principle that assumes business operations will continue
₹2,000. Net cash effect? indefinitely is called:
A. ₹6,000 decrease B. ₹10,000 decrease A. Historical Cost B. Conservatism
C. ₹6,000 increase D. ₹2,000 increase C. Going Concern D. Consistency
OR Q13. Paid ₹3,000 to supplier by cheque and received ₹2,000 from debtor in
cash. These affect which books?
Assets ₹70,000, Liabilities ₹30,000. What is capital? A. Journal, Ledger, Cash Book
A. ₹40,000 B. ₹70,000 B. Cash Book, Journal, then Ledger
C. ₹100,000 D. ₹30,000 C. Only Cash Book
Q7. If assets increase by ₹25,000 and liabilities decrease by ₹5,000, what’s D. Only Journal
the change in owner’s equity? Q14. Goods purchased on credit ₹12,000; cash sales ₹5,000; paid salaries
A. ₹30,000 increase B. ₹20,000 increase ₹2,000 by cheques. Identify relevant books and total ledger postings.
C. ₹20,000 decrease D. ₹30,000 decrease A. Purchases Book, Cash Book, Cash Book; ₹19,000
Q8. Paid creditor ₹7,000 via bank. Which columns are affected and what is B. Purchases Journal, Sales Journal, Cash Book; ₹19,000
net bank effect? C. General Journal only; ₹19,000
A. Cash column decreases by ₹7,000 D. Purchases Book, Cash Book; ₹14,000
B. Bank column decreases by ₹7,000 Q15. In a two-column cash book, Discounting received ₹1,000 and Cheque
C. Bank decreases and cash increases ₹7,000 Deposited ₹5,000 entries go to which columns?
D. No effect on cash or bank A. Cash Dr ₹1,000; Bank Dr ₹5,000
Q9. Explain how the accrual concept enhances the relevance of accounting B. Discount Cr ₹1,000; Bank Dr ₹5,000
information. Among the options, which best illustrates accrual? C. Bank Cr ₹1,000; Bank Dr ₹5,000
A. Recording rent paid in advance when received D. Discount Dr ₹1,000; Cash Cr ₹5,000
Q16. Bought goods ₹20,000 + 12% GST (cash) and sold goods ₹15,000 + Opening capital ₹1,00,000; purchased furniture ₹20,000 (bank); sold goods
12% GST (credit). Which accounts get posted and total GST? ₹50,000 + 5% GST (cash); paid salaries ₹10,000 (cash); paid GST on
A. Purchases, Sales, GST Input ₹2,400, GST Output ₹1,800 purchase ₹2,400. Prepare journal entries. (3)
B. Purchases, GST Input ₹2,400, Sales, GST Output ₹1,800
C. Cash, Sales, GST only Q22. From subsidiary books: Credit sales ₹40,000; Credit purchase
D. Only Sales and Purchases Journal ₹30,000; cash paid to supplier ₹10,000; cash received from debtor
₹15,000. Prepare Cash Book (two columns). (3)
Q17. Which of the following is recorded in a Special Purpose Subsidiary
Book? Q23. Beginning assets ₹1,50,000; liabilities ₹40,000; drawings ₹10,000;
A. Cash receipts profit ₹30,000 earned during period. Find closing capital and ending assets
B. Cash payments if liabilities remained same. (Use accounting equation). (3)
C. Credit refutals Q24. What do you understand by balancing of Accounts?
D. Credit sales (Sales Book)
OR
Q18. Cash Book shows cash receipts ₹8,000 and payments ₹3,000, Bank
receipts ₹5,000 and payments ₹2,000. Balances? Sales ₹1,00,000 + 18% GST (credit), Purchases ₹60,000 + 18% GST
A. Cash ₹5,000; Bank ₹3,000 (cash), GST paid ₹2,000 in cash.
B. Cash ₹11,000; Bank ₹7,000 Prepare GST Output, GST Input and Cash Book entries. (3)
C. Cash ₹3,000; Bank ₹2,000
D. Cash ₹5,000; Bank ₹2,000 Q25. Journalize and post to ledger: Purchased goods ₹25,000 (credit); Paid
for expenses ₹3,000 (cash); Sold goods ₹18,000 (credit); Received ₹8,000
Q19. When a firm maintains a Cash book, it need not maintain: from debtor by cheque; Owner withdrew ₹5,000 cash. (4)
A. Journal Proper
B. Purchases Book Q26. Prepare a Journal and Ledger (Purchases and Sales Accounts) for
C. Sales Book following: Credit sales ₹35,000; Credit purchases ₹25,000; Returns Inward
D. Bank and Cash Book records ₹2,000; Returns Outward ₹1,500; Cash paid to supplier ₹10,000; Cash
received from customers ₹12,000. (4)
Q20. Goods are purchased on Cash are recorded in the: Q27. Compute new capital if opening capital ₹60,000; profit ₹18,000;
A. Purchase Book drawings ₹8,000; additional capital introduced ₹10,000; assets increased by
B.Sales Book ₹15,000; liabilities increased by ₹5,000. (4)
C. Cash Book
Q28. Record journal entries and post to bank column:
D. Purchase Return Book
Q21. Starting capital ₹80,000 (cash). Purchased inventory ₹25,000 (credit), Received cheque ₹20,000 for sale; Paid for purchase ₹12,000 via bank;
paid creditor ₹10,000 via bank, received ₹15,000 from debtor cash, paid Bank paid insurance ₹2,000; Bank overdraft interest ₹500. (4)
rent ₹5,000 cash. Prepare journal entries..
Q29. Closing capital ₹1,20,000; Drawings ₹15,000; Profit ₹25,000. What
OR was the opening capital? If assets ₹2,00,000 and liabilities ₹80,000, was the
figure consistent? (4)
Q30. Journalize GST: Sold goods ₹80,000 + 12% GST (credit); Purchased Bank Overdraft 3,500
goods ₹50,000 + 12% GST (credit); Paid GST input ₹6,000 in cash;
Received payment ₹40,000 including GST from customer; Prepare GST 03 Paid Wages 200
input/output balances. 05 Cash Sales 7,000
OR 10 Cash deposited into bank 4,000
Prepare entries: Sold goods ₹30,000 + 18% GST (cash); Purchased goods 15 Goods Purchased and paid by Cheque 2,000
₹15,000 + 18% GST (credit); Paid ₹2,700 GST input in cash; Received
₹10,000 from debtor. Prepare journal and GST accounts. (4) 15 Paid Rent 800

Q31. Prepare Subsidiary Books, Cash Book and Ledger for: Bought
stationery ₹5,000 (cash); Paid for repairs ₹2,000 (cash); Sold goods on
credit ₹10,000; Received ₹5,000 from debtor; Bought machinery ₹8,000
(credit).
OR
Who are the users of accounting information? What is the need of
Accounting? (6)
Q32. Opening balances: Cash ₹15,000; Bank ₹30,000. Deposited cash into
Bank ₹5,000; Withdraw cash ₹3,000 for personal use; Received cheque
₹12,000 from debtor; Paid creditor by cheque ₹8,000, Withdrew from Bank
₹5,000, Paid trade expenses ₹600, Paid telephone expenses by Cheque
₹800. Prepare two-column Cash-Book. (6)
Q33. Record in Journal proper: Drew a Bill of ₹3,000 on Raman which he
accepted and returned, Write-off bad debts ₹1,200; Received insurance
claim ₹500; Discount allowed ₹300; Discount received ₹400, Goods of
₹2,000 destroyed by fire, for which the insurance company accepted a
claim of ₹1,600. (6)
Q34. Prepare double column cash book for the following:
(6)
July 2017 ₹

01 Cash in hand 7,500