Sani
DELH PUBLICSCHOOL
BANGALORE EAST
UNTT TEST- 1(2025-2026)
SUBJECT: ACCOUNTANCY
CLASS: XI
DATE: 07/07/2025 MAX-MARKS: 40
TIME:1% HOURS
NAME:
GENERAL INSTRUCTIONS:
All questions are compulsory.
Read all the questions carefully
Marks for each question are indicated against it.
This question paper consists of 3pages.
1. Which ofthe following will not be recorded in the books of accounts?
(a) Sale of furniture (1)
(b) Payment of office rent
(c) Quality of StaffT
(d) Purchase of goods
2. Which ofthe following is the first step in the accounting process? (1)
(a) Recording the transaction
(b) ldentifying the transactions
(c)Summarising the transaction
(d)Classifying the information
3.Creditor isthe person towhom amount is payable due to a purchase of goods on credit, whereas,
a person from whom amount is receivable due to a sale of goods on credit. ()
(a) Banker
(b) Employer
(c) Debtor
(d) Owner
4. Which of thefollowing is a liability?
(a) Buildings
(b) Interest paid
(c) Outstanding salaries
(G) Stock
5. When business transactions are being recorded in the books of accounts on the basis of cash being eceived
or paid, then the business is said to be following (D
(a) Book keeping
(b) Credit basis of accounting
(c) Accrual basis of accounting
() Cash basis of accounting
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Assertion(A): Accrual basis of accounting gives true and fair vjew of
the financial nosition of the business.
6. Reason (R): Accrual basis of accounting requires that incomes earned. whether received or not, and
expenses incurred whether paid or not should be accounted. (1)
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correctexplanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the eorrect explanation of Assertion
(A)
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R)is true.
7. The liabilities of a firm are 4000; the capital of the firm is 6000. The assets of the firm are (1)
(a) 3000
(b) 5000
(c) 8000
() 10,000
8. Purchase of goods by cash has the following impact on an accounting equation. ()
(a) Increase in an asset and decrease in a liability.
(b) Increase in an asset and decrease in another asset.
(c) Decrease in an asset and decrease in a liability.
-(d) Decrease in a liability and decrease in another liability.
9. When a building is purchased for cash, account is debited and account is credited. (1)
(a) Cash and building
(b) Purchases and building
(c) Building and cash
(d) Purchases and cash
10. The threeclassifications of Personal accounts are Natural Personal Accounts, Artificial Personal
Accounts and (1)
(a) Non- personal Accounts
(b)Representative Personal Accounts
(c) Non -representative Accounts
(d) None of the Above
11. Explain the following accounting terms with an example each. (3)
(a) Capital expenditure
(b) Intangible assets
(c) Current Liabilities
12. Which accounts are debited in the following transactions? (3)
(a) Furniture is purchased for cash.
(b) Sold goods for cash.
(C) Paid Salaries
13. State the nature of accounts (Real, Personal or Nominal) and show which will be debited and credited. (4)
(a) Discount allowed
(b) Furniture purchased
(c) Interest received
(d) Capital introduced
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4. Rajucommenced business with 500,000. He purchased machinery worth 100,000. He also purchased
goods worth ? 1,50,000 on credit and 40,000 for cash. He decided to reduce the value of Machinery by
Z10,000 every year. He sold ? 25,000 worth of goods for cash and 30,000 worth of goods to Seema
on credit. He paid ? 500 for electricity and 2000 for rent, but did not pay insurance premium of ? 1000
for the current year. Toexpand his business, he brought in additional cash of ? S0,000 into the business by
selling his house and took aloan of 60,000froni Bank. He withdrew goods worth 5000 for personal use.
Determine the amount of the following items. (4)
(a) Total capital (c) Outstanding expenses
(b) Purchase price of Fixed Asset () Long term liability
(c) Purchases (g) Drawings
(d) Sales (h) Depreciation
15. Ramakrishna provides the following information about his income and expenses for the year ended 31
March 2025. (4)
Particulars Amount
Expenses paid 80,000
Expenses paid in advance included in 80,000 40,000
Expenses not yet paid 20,000
Income received 1,20,000
Income received in advance (included in 1,20,000) 15,000
Income not yet recejved 12,000
Determine his income if he adopts;
(a) Cash Basis of Accounting (b) Accrual Basis of Accounting
16.Discuss any three advantages and three disadvantages of Accounting. (6)
17. Prepare Accounting Equation on the basis of the following: (6)
i. Karan started business with cash 1,60,000.
ii. He purchased furniture for cash l6,000. .
iii. He paid rent 1,600.
iv. He purchased goods on credit 24,000.
v. He sold goods costing 16,000 for R40,000 for cash
vi. Withdrew cash for personal use R2000.
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