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

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 D 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? [1}

Q. 2. Which source document is used for recording entries in Sales Book? [1]

Q.3. A sold goods to B for no,ooo on January 15, 2013 and drew a bill payable after 2 months. B accepted it and returned to A. On the due date, A sent someone to realise the payment but B refused to honour the bill. Identify the value missing in the above case. [VB] [1]

Q. 4. Pass entries for the following: [3]

(a) Out of Insurance premium paid this year. t 1,500 related to next year.
(b) Goods costing ₹ 20,000 sold to Manoj at a profit of 20% on cost less 10% trade discount.
(c) Goods worth ₹ 2,500 and cash ₹ 500 were given away as charity.

Q.5. Distinguish between cash basis and accrual basis of accounting. [3]

Q.6. What is a contra entry? How can you deal with this entry while preparing triple column cash book? [3]

Q.7. Following Trial Balance has been prepared wrongly .You are required to prepare a correct trial Balance. [4]

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

Q. 8. (a) Describe various branches of accounting.
(b) The management of ABC Ltd. changed depreciation method for the last three years. Which principle is not followed ? [VB] [4]

Q. 9. On 1st May, A drew and B accepted a bill at three months for ₹ 2,000. On 4th May, A discounted the [email protected] 6 per cent per annum and remitted half the proceeds to B. On 1st June, B drew and A accepted a bill at three months for ₹ 500. On 4th June, B discounted the bill @6% per annum and remitted half the proceeds to A. A and B agreed to share the discount equally. At maturity, A met his acceptance but B failed to meet his, and A had to pay for it. A then drew and B accepted a new bill at three months for the amount of the original bill plus ₹ 30 for interest. On
1st November, B became insolvent and paid to his creditors @ 50 paise in the rupee. Write up
the entries in A’s Journal. [4]

Q. 10. Briefly explain the limitations of Accounting. [6]

Q. 11. Bajaj Ltd. which depreciates its [email protected] 10% p.a. on the written down value method, provides you the following information: [6] Machinery A/c as on 1.1.2010 ₹ 5,00,000 Provision for Depreciation A/c as on 1.1.2010 ₹ 1,35,000
No depreciation is charged in the year of sale of machinery but full charge is being made for ₹the years during which the machinery is purchased.
On 1.7.2011, a new machinery was purchased for ₹ 80,000 and an old machinery purchased on 1.7.2008 for ₹ 60,000 was discarded but could not be sold immediately. However, it was expected to realise ₹ 10,000. Prepare (i) Machinery Account, (ii) Provision for Depreciation Account, and (iii) Machinery Disposal Account for the years 2010 and 2011.

Q. 12. Rectify the following entries: [6]

(i) Purchase of building was passed through purchase book amounting to ₹ 80,000.
(ii) Wages paid for construction of building was debited to wages account with ₹ 20,000.
(iii) Expenses of erecting of a shed amounting to ₹ 3,000 were debited to trade expenses account.
(iv) Wages paid for extension of building was debited to wages account amounting to ₹ 7,000.
(v) Repair to second hand car purchased was debited to repairs account with ₹ 18,000.
(vi) Material purchased for construction of building was debited to purchase account amounting to ₹ 28,000.

Q.13. Jagdeep Singh’s Cash book on 31st March, 2012 showed an overdraft balance of₹ 12,100 on his No. 1 Account at the bank. On investigation it is found that:

(a) Cheque drawn amounting to ₹ 4,200 had not been presented to the bank for payment.
(b) Cheque ₹ 3,600 entered in the Cash Book and paid into the bank had not been credited by the bank.
(c) The receipts side of the Cash Book had been under cast by₹ 1,000.
(d) Bank charges on’ 50 entered on the bank statement had not been entered in the Cash Book.
(e) A cheque for ₹ 5,200 drawn on the Account No.1 had been charged by the bank in error to the Account No.2.
(f) A dividend of ₹ 300 paid direct to the bank had not been entered in the Cash Book.
(g) A cheque for ₹ 700 received from a debtor paid into the bank dishonoured and shown as such by the Bank but no entry of dishonour had been made in the Cash Book.
(h) A cheque of₹ 420, drawn by Bank’s another customer of the same name, had been charged to Jagdeep’s bank account by error.

You are required:

(i) To show the necessary adjustments to be made in the Cash Book; and
(ii) To prepare a Bank Reconciliation Statement for No.1 Account as at 31st March, 2012. [HOTS] [8]

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

Part B – Financial Accounting II [40 Marks]

Q. 14. What is subscription? How is it treated in accounts of a NPO ? [1]

Q. 15. How is entrance fees treated In case of a NPO ? [1]

Q. 16. H Opening capital is less than closing capital, it shows: [1]

(a) Loss
(b) Profit
(c)No Profit – No Loss.
(d)Profit, if no additional capital is introduced.

Q.17. Calculate amount of medicine consumed for the year 2012. [3]

Opening Stock of Medicines 10,000 ₹
Opening Creditors of Medicines 9,000 ₹
Cash Purchase of Medicines during the year 30,000 ₹
Closing Stock of Medicines 15,000 ₹
Closing Creditors of Medicines 3,000 ₹

Q. 18. Ajay started business with a capital of₹ 2,25,000 on 1st April, 2011.During the year, he withdrew ₹ 40,000 for his personal use and introduced ₹ 7,000 as fresh capital. On 31st March 2012,his position of assets and liabilities stood as follows: [3]

Cash in hand 18,500 ₹
Stock 20,000 ₹
Bills receivable 25,000 ₹
Debtors 4,00,000 ₹
Creditors 1,50,000 ₹
Bills Payable 3,000 ₹

You are required to prepare Statement of Profit or Loss for the year ended 31st March, 2012.

Q.19. Make adjustment entries for the following in the books of A on 31st-March,2012 : [3]

(i) Closing Stock₹ 50,000.
(ii) Outstanding wages ₹ 2,000 and Outstanding salaries ₹ 3,000.
(iii) Interest on Capital ₹ 4,800, and Interest on Drawings ₹ 1,200.

Q.20. Explain the major components of DBMS. [4]

Q.21. How will you deal with the following items while preparing for the Bombay Women Cricket Club, its income and Expenditure account for the year ending 31.03.2008 and its balance sheet as on 31.03.2008 [4] .

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

Q.22.State the importance of MIS. . [6]

Q.23.The following is the Receipts and Payments Account of Ganga Club for the year ending on 31st Dec., 2012:

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

Locker’s Rent includes ₹ 60 for 2011 and ₹ 90 are still due. Rent includes ₹ 1,300 for 2011 and ₹ 1,300 are still outstanding; Printing and Stationery includes ₹ 312 for 2011 while ₹ 364 are still outstanding. Outstanding subscription for 2012 ₹ 468 and ₹ 350 are still receivable for special subscription for Governor’s party. Prepare Income and Expenditure Account with the help of above information. [HOTS] [6]

Q. 24. From the following Trial Balance, prepare a Trading and Profit & Loss Account for the year ended 31st March, 2012 and a Balance Sheet as on that date: [8]

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

The following adjustments are to be made:

1. Stock on 31-3-2012 was ₹ 3,250.
2. Depreciate Building @ 5%, Furniture @10%and Scooter @20%.
3. One-third of the commission received is in respect of work to be done next year.


Q. From the following Trial Balance 30th June, 2012 and prepare Trading and Profit & Loss A/c and Balance Sheet: [8]

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

Adjustments :

1. Sales include sale of Furniture on 30th June, 2012 at actual sale price of ₹ 750. The Book value of furniture sold on that date was ₹ 1,000.
2. ₹ 2,500 paid to Ajay against our acceptance were debited by mistake to Ajay’s A/c and from there it was included in the list of Sundry Debtors.
3. Depreciate furniture by 10% p.a. and Dead Stock by 30% p.a.

Sample Question Paper Solutions

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