CBSE Sample for Class 11 Accountancy (Solved) – Set C
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 C 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.1. What is meant by capital receipts? 
Q.2. Give two examples of liquid assets. 
Q.3. Cash book of XYZ Ltd. shows a payment called ‘Travel Expense’. However, this travel was a personal travel of the managing director with no relation to business. Do you think this is right? [VB] 
Q. 4. Prepare an accounting equation from the following: 
(i) Kunal started business with cash 2,50,000 ₹
(ii) He purchased furniture for cash 35,000 ₹
(iii) He paid commission 2,000 ₹
(iv) He purchased goods on credit 40,000 ₹
(v) He sold goods (costing ₹ 20,000) for cash 26,000 ₹
Q. 5. Explain principle of full disclosure. [HOTS]
Q. 6. Distinguish between Trial Balance and Balance-Sheet. 
Q. 7. Pass entries to rectify the following errors: 
(i) Purchased good from Ravi Rs. 500 passed through sales book.
(ii) Only Rs. 20 were recorded in Bill Receivable Book instead of Rs. 200.
(iii) A repair to Plant amounting to Rs. 1,000 has been changed to plant & Machine Alc.
(iv) A purchase of goods of Rs. 2,000 has been wrongly debited to Furniture Ale.
Q. 8. What is book keeping? Explain its objectives. 
Q. 9. Pass necessary Journal entries’ to rectify the following errors: 
(i) Goods returned to Mahima for ₹ 5,000, entered into Sales Returns Book.
(ii) Kajol returned goods worth ₹ 2,000, entered into Purchase Returns Book.
(iii) A credit purchase of₹ 3,000 from Ravina was recorded through Purchase Returns Book.
(iv) Goods worth ₹ 1,160 returned to Karishma, were recorded in Purchase Book as ₹ 1,106.
Q.10. Explain the qualitative characteristics of accounting information. 
Q.11. Prepare a Bank Reconciliation Statement from the following particulars :
(i) Credit Balance as per Pass Book on 30th June, 2011. 5,010 ₹
(ii) Cheques drawn but not presented for payment. 3,000 ₹
(iii) Cheques and drafts lodged into Bank but not collected until 2nd July, 2011. 2,900 ₹
(iv) A Bill Payable paid by Bank but not entered in Cash Book. 1,700 ₹
(v) The Bank Column of the receipt side of Cash Book under cast. 100
(vi) M/s Ram Lal and Sons, our agent, have remitted ₹ 3,500 for which there was no entry in Cash Book. 
Q. 12. On 15th April, 2012, B accepted three bills of exchange for ₹ 2,400: first bill for ₹ 700 for one month; second bill for ₹ 800 for two months; and third bill for ₹ 900 for three months duly written by A.
On 20th April, 2012, A endorsed the first bill to his creditor C to clear his account of₹ 710 and discounted the second bill on 22nd April with his bankers for ₹ 792. The third bill was retained by A till maturity.
The first bill was met on maturity but the second bill was dishonoured on due date. Bank paid ₹ 10 for noting charges. A charges B ₹ 15 for interest and drew on him a fourth bill for ₹ 825 for three months and B accepted it and returned. Bill No.3 and 4 were met on maturity.
Pass necessary Journal entries in the books of ‘A’. [HOTS]
Q. 13. On 1st January, 2009, Nagaji Bros., purchased six machineries for ₹ 15,000 each. Depreciation @10%p.a. on original cost of machines has been provided and accumulated in ‘Depreciation Provision Account’ on 31st December every year.
On 1st January, 2010 one machine was sold for ₹ 12,500 and on 1st January, 2011, a second machine was also sold for ₹ 13,000.An improved model with a cost oH 28,000 was purchased on 1st July, 2010 and the arrangement for providing depreciation was kept to be the same as for older machines. Show Machinery a/c, Provision for Depreciation a/c and Machinery Disposal a/c.
Q. Record the following transactions in the Cash Book of Ghasidas : 
Part B – Financial Accounting D [40 Marks]
Q.14. Mr. Pandey owner of XYZ Ltd firm contributed a large amount of money to a Not-For-Profit Organization. Highlight the values. [VB] 
Q. 15. How will you define Payments of Honorarium ? 
Q. 16. State anyone feature of incomplete records. 
Q. 17. As per Receipts and Payments Account for the year ended on March 31,2012, the subscriptions received is ₹ 2,50,000. Additional information given is as follows: 
(i) Subscription Outstanding on 1.4.2011;₹ 50,000.
(ii) Subscription Outstanding on 31.3.2012; ₹ 35,000.
(iii) Subscription Received in Advance as on 1.4.2011; ₹ 25,000.
(iv) Subscription Received in Advance as on 31.3.2012; ₹ 30,000.
Ascertain the amount of income from subscriptions for the year 2011-12.
Q. 18. Mr. Kapil does not keep proper records of his business and he provided the following information.
You are required to prepare a statement showing the profit or loss for the year 2011-12.
Opening Capital (01-04-2011) , 50,000
Closing Capital (31-03-2012) , 1,00,000
Additional capital introduced (2011-12) , 20,000
Drawings made during the year (2011-12) , 40,000 
Q. 19. Prepare specimen of a Balance Sheet in liquidity order with imaginary figures. 
Q. 20. What is the role of data as an element of computer? 
Q.21. From the information given below, draft receipts and Payments Account of Friends club, Delhi, for the year ended March 31, 2013:
Cash on April 1, 2012 ₹ 3,600, Subscriptions ₹ 37,600, donations ₹ 8000, Entrance Fees ₹ 4,300, Rent Realized from club Hall ₹ 5,250, Electric charges ₹ 3,440, Taxes ₹ 500, Salaries and wages ₹ 21,500, Honorarium to secretary ₹ 2,500, Interest Received on Investments ₹ 2,950, Printing and Stationery ₹ 350, Petty cash Payments ₹ 100, Insurance Premium Paid ₹ 310. [HOTS] 
Q.22. What are the advantages of ready made accounting software? 
Q. 23. From the following Receipts and Payments Account of a Club and from the additional information supplied, prepare Income and Expenditure Account for the year ended 31st December, 2012 : 
(a) The club has, 50 members each paying annual subscription of 25. Subscriptions outstanding on 31st Dec. 2011 were ₹ 300.
(b) On 31st December 2012 salaries outstanding amounted to f 100. Salaries paid included ₹ 100 for the year 2011.
(c) On 1-1-2012,the club owned Land and Building valued at ₹ 10,000, Furniture ₹ 600 and Books ₹ 500.
Q.24. Mr. Radhe Mohan gives you the following Trial Balance as on 31st December, 2011:
1. Closing Stock was taken on 31st December, 2011 and was then valued at ₹ 40,000.
2. Create provision for Doubtful Debts @ 5%.
3. Rent paid to Landlord was debited to his personal account.
Prepare Trading and Profit and Loss Account for the year ended 31st Dec., 2011 and a Balance Sheet as on that date. 
From the following balances extracted from the books of Sharma, prepare the Trading and Profit & Loss Account for the year ended 31st March, 2012 and a Balance Sheet as on that date after taking into consideration the adjustments given below: 
(a) Closing Stock was valued at ₹ 61,700.
(b) Depreciate [email protected] 10% and Sales [email protected]%.
(c) Outstanding Rent amounted to ₹ 900.
(d) Charge one-fourth of Salaries and Wages to Trading Account.