CBSE Sample for Class 11 Accountancy (Solved) – Set B

Accountancy Question Paper consists of two parts A and B, all the questions in both the parts are compulsory. Important note while answering to this paper is that all the questions of a part should be answered together. Part A of this paper is based on Financial Accounting I and Part B is based on Financial Accounting II. Please note that the paper given here is only a sample. Set B of Solved CBSE Sample Paper for Class 11 Accountancy is given below with its solutions.

Sample Question Paper

Part A – Financial Accounting I [50 Marks]

Q.l. What is the purpose of a ledger? [1]

Q. 2. How will you show interest on drawings in accounting equation? [HOTS][l]

Q. 3. What is meant by Journal proper? [3]

Q. 4. Briefly explain three causes of difference in the Cash Book and Pass Book balances. [3]

Q. 5. What are the objectives of Accounting Standards? [3]

Q.6. Enter the following transactions in sales (journal) book of M/s. Bansal electronics: [3]

01 Sold to Amit Traders as per bill no.4321
20 Pocket Radio @ 70 per Radio
2 T.V. sets, B & W @ 800 Per T.V.

10 Sold to Arun Electronics as per bill no.4351
5 T.V. sets B & W @ ₹ 3,000 per T.V.
2 T.V. sets Colour @ ₹ 4,800 per T.V.

22 Sold to Handa Electronics as per bill no.4399
10 Tape recorders @ ₹ 600 each
5 Walkman @ ₹ 300 each

28 Sold to Harish Trader as per bill no.4430
10 Mixer Juicer Grinder @ ₹ 800 each.

Q.7. (a) Mr. Mittal is an accountant of a company. He passed a dummy entry without transaction proof in order to match the trial balance of the company. He did not tell this to his boss. What value is missing in Mr. Mittal’s conduct?

(b) There is an item appearing in the trial balance as “business gift”. On audit of the accounts it was found that this item reflects the bribe given to a government official which shown as business gift. Do you think the company is following the right value in the conduct of its business? [VB][4]

Q.8. Is accountancy an art or a science or both? Explain with reasons. [4]

Q.9. On Jan 01, 2012 Siya sold goods worth ₹ 18,000 to Sadhna and drew upon the latter a bill of exchange for the same amount payable after two months. Sadhna accepted Siya’s draft and returned the same to Siya after acceptance. Siya endorsed the bill immediately in favour of her creditor Seeta. Five days before the maturity of the bill Sadhna requested Siya to cancel the bill since she was short of funds. She further requested to draw a new bill upon her including interest of ₹ 200. Siya accepted Sadhna’s request. Siya took the bill from Seeta by making the payment to her in cash and cancelled the same. Then she drew a new bill upon Sadhna as agreed. The new bill was payable after one month. The new bill was duly met by Sadhna on maturity. Record the necessary journal entries in the books of Siya. [4]

Q.10. Explain in brief, the limitations of financial accounting. [6]

Q.11. Rectify the following errors: [6]

(i) Repairs made on Building for ₹ 1,00,000 were debited to Building a/c.
(ii) Rent paid ₹ 12,000 to Landlord was debited to Landlord a/c.
(iii) Wages paid for installation of Machinery of₹ 7,000 was debited to Wages a/c.
(iv) Salary paid to Accountant (Mr. Ram) on’ 15,000 was debited to Ram a/c.
(v) ₹ 32,000 paid for purchase of Computer was charged to Office Expenses a/c.
(vi) Amount of₹ 7,500 withdrawn by proprietor for personal use was debited to Miscellaneous Expenses a/c.

CBSE Sample for Class 11 Accountancy (Solved) - Set B

Q. 13. On checking Ram’s Cash Book with the Bank statement of his overdraft current account for the month of November, 2012, you find the following: [HOTS] [8]

(i) Cash Book showed an overdraft of₹ 45,000.
(ii) The payment side of the Cash Book had been under cast by ₹ 1,500.
(iii) A cheque for ₹ 7,500 drawn on his saving account has been shown as drawn on his current account.
(iv) Cheques amounting to ₹ 70,000 drawn and entered in the Cash Book had not yet been presented.
(v) Cheques amounting to ₹ 60,000 sent to the bank for collection,though entered in the Cash Book,had not been credited by the bank.
(vi) Bank charges of₹ 750 as per Bank Statement had not been taken into the Cash Book.
(vii) Dividends of₹ 25,000 had been paid direct into the bank and not entered in the Cash Book. You are required to prepare a Bank Reconciliation Statement on 30th November, 2012.


Q. Enter the following transactions in cash book.

CBSE Sample for Class 11 Accountancy (Solved) - Set B

Part B – Financial Accounting II [40 Marks]

Q. 14. What is fund based accounting? [1]

Q. 15. Priya runs a Non Profit organisation to provide free education to poor students. What value is fol1owed here? [VB][I]

Q. 16. A Statement of Affairs is similar to the :

(a) Balance sheet
(b) Trial balance
(c) Trading Account
(d) Profit & Loss Account [1]

Q. 17. Agra Club has 300 members each paying annual subscription of₹ 150 each. In the year 2012 it received ₹ 42,500 on account of subscription which included ₹ 5,000 for the year 2013 and ₹ 2,500 for the year 2011. Find the amount of Subscription outstanding at the end of the year 2012

Q. 18. Himanshu maintains his books on single entry system. His position was as under on 1st January,2012

Cash in hand ₹ 600; Cash at Bank ₹ 11,000; Stock ₹ 11,200; Debtors ₹ 6,914; Furniture ₹ 400; Sundry Creditors ₹ 8,114.

The position of Himanshu on 31st December, 2012 was as follows:

Cash in hand ₹ 760; Cash at Bank ₹ 4,800; Stock ₹ 9,360; Debtors ₹ 9,240; Furniture ₹ 500; Creditors ₹ 6,000.

He withdrew ₹ 13,000 from business on 2nd January, 2012 out of which he spent ₹ 11,200 for purchasing of a motor-car for business. Taking the above into consideration, find out the profit of Himanshu.

Q. 19. Explain the following adjustment and their treatment in Final Accounts:
(i) Loss of stock by fire
(ii) Goods given away as charity and samples.
(iii) Goods taken by proprietor for personal use. [3]

Q.20. Explain main components used in computer. [4]

Q. 21. Calculate the amount which will be posted to income and expenditure account for the year ending 31st March, 2012: [HOTS] [4]

CBSE Sample for Class 11 Accountancy (Solved) - Set B

Q. 22. What are the advantages of AlS (Accounting Information System) ? [6]

Q.23. The following is the Receipts and Payments Account of Calcutta Women’s Sports Club for the year ended 31st December, 2012.

CBSE Sample for Class 11 Accountancy (Solved) - Set B
CBSE Sample for Class 11 Accountancy (Solved) - Set B

Additional Information :
(i) Donations are for instituting a prize fund.
(ii) Subscription in arrears ₹ 3,000 and pre-received ₹ 500.
(ill) Salary is paid @ ₹ 2,500 per month.
(iv) Salary of ₹ 1,000 is prepaid.
(v) Rent is paid for 3 years in advance.
(vi) Bar stock unused ₹ 8,000 and stationery unused ₹ 2,500.
(vii) Sundry persons owed ₹ 1,500 for advertisement in Club’s year-book.
You are required to prepare Income and Expenditure Account for the year ended 31st Dec., 2012.  [6}

Q. 24. Prepare Trading and Profit & Loss Account and Balance sheet from the following Trial Balance as on March 31, 2012. [8]

CBSE Sample for Class 11 Accountancy (Solved) - Set B

Additional Information:

(a) Closing stock is valued at ₹ 25,000.
(b) Goods costing ₹ 32,000 purchased from Agra are still in transit.
(c) Apprenticeship premium is for two years. For one year, it is in advance.
(d) Depreciate Plant and Machinery @ 10% and Furniture @ 20%.
(e) Wages of ₹ 5,000 are outstanding.


The following is the trial balance of Mr. Rajeev Gautam on 31st March, 2012. [8]

CBSE Sample for Class 11 Accountancy (Solved) - Set B

Taking into account the following adjustments, prepare Trading and Profit & Loss Account and the Balance Sheet:

(a) Stock on hand on 31st March, 2011 is ₹ 1,36,000.
(b) Machinery is to be depreciated @ 10% and patents @ 20%.
(c) Salary for the month of March, 2012 amounting to ₹ 30,000 were unpaid.
(d) Insurance includes a premium of ₹ 1,700 due in next year.
(e) Wages include a sum of ₹ 40,000 spent on the erection of cycle shed for employees and
(f) A provision for bad debts is to be created to the extent of 5% on Sundry debtors.

Sample Question Paper Solutions

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