Sample Question Paper 4 - Accountancy, Class 11 | Sample Papers for Class 11 Commerce PDF Download

 Page 1


  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
CBSE 
Class XI Accountancy 
Sample Paper – 4 
Questions  
Time: 3 hours Max. Marks: 90 
  
General Instructions: 
1. All questions are compulsory.  
2. Show your working notes clearly. 
 
 
1. What is meant by Book keeping?  [1] 
 
2. What is meant by invoice or bill?  [1] 
 
3. What is capital receipts with example.  [1] 
 
4. Give two examples of Liquid Assets. [1] 
 
5. Explain any three internal users of accounting information. [3] 
 
6. Rectify the following entries by passing entries: [3] 
i. A credit sale of `2,000 to Ram was posted to Raman’s Account. 
ii. Goods costing `1,000 (Market price`1,500) were taken by proprietor for personal use, not recorded 
anywhere. 
iii. Sales book was overcast by `600. 
 
7. Write any three objectives of Accounting Standards. (AS)  [3] 
 
8. Explain Consistency assumption and Revenue Recognition principal of accounting. [3] 
 
9. Give any two difference between Reserves and Provisions.  [4] 
 
10. Prepare Trial Balance from the following information: [4] 
Bank overdraft `80,000 
Purchase `3,90,000 
Outstanding Expenses `20,000 
Sales `4,20,000 
Rent paid in advance `30,000 
Purchase Return `10,000 
Opening stock `1,10,000 
Fixed Assets `2,00,000 
Interest Received `15,000 
Bank Loan `1,85,000 
 
11. On 1
st
 April, 2015 Vinod sold goods to Mohan worth `60,000. 
Mohan accept the bill for `60,000 for two months .  
The bill is payable at ICICI Bank Delhi, on the same day Vinod gives bill to the banker for the collection 
(after two months). On the due date bill was honoured and Vinod received the due amount. Give entries 
in the books of Vinod and Mohan.  [4] 
Page 2


  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
CBSE 
Class XI Accountancy 
Sample Paper – 4 
Questions  
Time: 3 hours Max. Marks: 90 
  
General Instructions: 
1. All questions are compulsory.  
2. Show your working notes clearly. 
 
 
1. What is meant by Book keeping?  [1] 
 
2. What is meant by invoice or bill?  [1] 
 
3. What is capital receipts with example.  [1] 
 
4. Give two examples of Liquid Assets. [1] 
 
5. Explain any three internal users of accounting information. [3] 
 
6. Rectify the following entries by passing entries: [3] 
i. A credit sale of `2,000 to Ram was posted to Raman’s Account. 
ii. Goods costing `1,000 (Market price`1,500) were taken by proprietor for personal use, not recorded 
anywhere. 
iii. Sales book was overcast by `600. 
 
7. Write any three objectives of Accounting Standards. (AS)  [3] 
 
8. Explain Consistency assumption and Revenue Recognition principal of accounting. [3] 
 
9. Give any two difference between Reserves and Provisions.  [4] 
 
10. Prepare Trial Balance from the following information: [4] 
Bank overdraft `80,000 
Purchase `3,90,000 
Outstanding Expenses `20,000 
Sales `4,20,000 
Rent paid in advance `30,000 
Purchase Return `10,000 
Opening stock `1,10,000 
Fixed Assets `2,00,000 
Interest Received `15,000 
Bank Loan `1,85,000 
 
11. On 1
st
 April, 2015 Vinod sold goods to Mohan worth `60,000. 
Mohan accept the bill for `60,000 for two months .  
The bill is payable at ICICI Bank Delhi, on the same day Vinod gives bill to the banker for the collection 
(after two months). On the due date bill was honoured and Vinod received the due amount. Give entries 
in the books of Vinod and Mohan.  [4] 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
12. Prepare a Bank Reconciliation Statement of Mr. Rivij Jain on 31
st
 May 2012 from the following:  [4] 
i. Dr. Balance as per Pass book `50,000.  
ii. Cheque issued to Mr. Ram for `2,000 not entered in Cash Book. 
iii. Mr. Dhanam (Debtor) deposited an amount of `1,000 directly into the bank account of Mr. Rivij Jain. 
iv. Cheque Received from Mr. Guru for `6,000, entered in cash book but not sent to bank. 
v. There was a credit in the pass book for `600 and another credit for `200 for interest. 
vi. Bank charges `500entered twice in cash book. 
 
13. Following transactions are of M/s Rakesh Kumar and Sons for the month of April, 2015. Prepare their 
Purchase Book:  [4] 
Apr. 5       Purchase on credit from M/s Raj Mills: 
 100 pieces long cloth @ `80 
 50 pieces shirting @ `100 
Apr. 8    Purchased for cash form M/s Ambika Mills: 
 50 pieces muslin @ `120 
Apr. 15    Purchased on credit from M/s Sagar Mills:  
 20 pieces coating @ `1,000 
 10 pieces shirting @ `90 
Apr. 20    Purchased on credit from M/s Bharat Typewriters Ltd.: 
 5 Typewriters @ `1,400 each 
 
14. Record the following transactions of Mr. Kaushal in a cash book with cash and bank columns for the 
month October 2015. [6] 
1: Cash Balance `35,000; Bank Balance `22,000. 
5: Paid for printing and stationery `9,400. 
8: Cash sales `25,000. 
9: Cash purchases `28,000. 
10: Deposited cash into bank `3,000. 
12: Withdrew from bank for personal use `2,500. 
14: Received bearer cheque from Arjun in full and final settlement `7,700 and deposited same into bank. 
16: Withdrew from bank for office use `7,000. 
18: Received cash from Sahil on account `6,500. 
21: Received bearer cheque from Akhil `4,500. 
22: Paid legal charges `2,300 by cheque. 
24: Paid for carriage `500. 
28: Cheque received from Akhil deposited into bank for collection. 
31: Paid telephone bill `2,000.  
 
15. Vinod Ltd. purchased a machinery of `3,00,000 on 1st July, 2012 and `3,00,000 on 1st November 2012. A 
company purchased one more machinery on 1st Janurary 2013 for `2,00,000. A company sold one 
machinery for `2,10,000 on 31st march 2014 which was purchased on 1st July 2012. Company purchased 
on second hand machinery on the same date for `1,00,000. Rate of the depreciation is 10% by Straight 
Line Method and closes it’s accounts on 31st December every year. 
Prepare Machinery Account, Machinery Disposable Account and Provision for Depreciation A/c. [8] 
 
16.  What is Single Entry System?  [1] 
 
17. Where will you record a specific donation received, while preparing accounts for Non- profit 
organisation.  [1] 
 
Page 3


  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
CBSE 
Class XI Accountancy 
Sample Paper – 4 
Questions  
Time: 3 hours Max. Marks: 90 
  
General Instructions: 
1. All questions are compulsory.  
2. Show your working notes clearly. 
 
 
1. What is meant by Book keeping?  [1] 
 
2. What is meant by invoice or bill?  [1] 
 
3. What is capital receipts with example.  [1] 
 
4. Give two examples of Liquid Assets. [1] 
 
5. Explain any three internal users of accounting information. [3] 
 
6. Rectify the following entries by passing entries: [3] 
i. A credit sale of `2,000 to Ram was posted to Raman’s Account. 
ii. Goods costing `1,000 (Market price`1,500) were taken by proprietor for personal use, not recorded 
anywhere. 
iii. Sales book was overcast by `600. 
 
7. Write any three objectives of Accounting Standards. (AS)  [3] 
 
8. Explain Consistency assumption and Revenue Recognition principal of accounting. [3] 
 
9. Give any two difference between Reserves and Provisions.  [4] 
 
10. Prepare Trial Balance from the following information: [4] 
Bank overdraft `80,000 
Purchase `3,90,000 
Outstanding Expenses `20,000 
Sales `4,20,000 
Rent paid in advance `30,000 
Purchase Return `10,000 
Opening stock `1,10,000 
Fixed Assets `2,00,000 
Interest Received `15,000 
Bank Loan `1,85,000 
 
11. On 1
st
 April, 2015 Vinod sold goods to Mohan worth `60,000. 
Mohan accept the bill for `60,000 for two months .  
The bill is payable at ICICI Bank Delhi, on the same day Vinod gives bill to the banker for the collection 
(after two months). On the due date bill was honoured and Vinod received the due amount. Give entries 
in the books of Vinod and Mohan.  [4] 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
12. Prepare a Bank Reconciliation Statement of Mr. Rivij Jain on 31
st
 May 2012 from the following:  [4] 
i. Dr. Balance as per Pass book `50,000.  
ii. Cheque issued to Mr. Ram for `2,000 not entered in Cash Book. 
iii. Mr. Dhanam (Debtor) deposited an amount of `1,000 directly into the bank account of Mr. Rivij Jain. 
iv. Cheque Received from Mr. Guru for `6,000, entered in cash book but not sent to bank. 
v. There was a credit in the pass book for `600 and another credit for `200 for interest. 
vi. Bank charges `500entered twice in cash book. 
 
13. Following transactions are of M/s Rakesh Kumar and Sons for the month of April, 2015. Prepare their 
Purchase Book:  [4] 
Apr. 5       Purchase on credit from M/s Raj Mills: 
 100 pieces long cloth @ `80 
 50 pieces shirting @ `100 
Apr. 8    Purchased for cash form M/s Ambika Mills: 
 50 pieces muslin @ `120 
Apr. 15    Purchased on credit from M/s Sagar Mills:  
 20 pieces coating @ `1,000 
 10 pieces shirting @ `90 
Apr. 20    Purchased on credit from M/s Bharat Typewriters Ltd.: 
 5 Typewriters @ `1,400 each 
 
14. Record the following transactions of Mr. Kaushal in a cash book with cash and bank columns for the 
month October 2015. [6] 
1: Cash Balance `35,000; Bank Balance `22,000. 
5: Paid for printing and stationery `9,400. 
8: Cash sales `25,000. 
9: Cash purchases `28,000. 
10: Deposited cash into bank `3,000. 
12: Withdrew from bank for personal use `2,500. 
14: Received bearer cheque from Arjun in full and final settlement `7,700 and deposited same into bank. 
16: Withdrew from bank for office use `7,000. 
18: Received cash from Sahil on account `6,500. 
21: Received bearer cheque from Akhil `4,500. 
22: Paid legal charges `2,300 by cheque. 
24: Paid for carriage `500. 
28: Cheque received from Akhil deposited into bank for collection. 
31: Paid telephone bill `2,000.  
 
15. Vinod Ltd. purchased a machinery of `3,00,000 on 1st July, 2012 and `3,00,000 on 1st November 2012. A 
company purchased one more machinery on 1st Janurary 2013 for `2,00,000. A company sold one 
machinery for `2,10,000 on 31st march 2014 which was purchased on 1st July 2012. Company purchased 
on second hand machinery on the same date for `1,00,000. Rate of the depreciation is 10% by Straight 
Line Method and closes it’s accounts on 31st December every year. 
Prepare Machinery Account, Machinery Disposable Account and Provision for Depreciation A/c. [8] 
 
16.  What is Single Entry System?  [1] 
 
17. Where will you record a specific donation received, while preparing accounts for Non- profit 
organisation.  [1] 
 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
18. In 2014 the subscriptions received were `50,000. These subscriptions include `300 for 2013 and `400 
for 2015. On 31
st
 December, 2014 subscription due but not received were `500. The corresponding figure 
on 1
st
 January, 2014 was`600. What amounts should be credited to the income and Expenditure account 
as subscription of the year 2014? [3] 
 
19. Justify, whether books maintained by the single entry system is reliable as the books maintained by the 
double entry system.  [3] 
 
20. Following is the extract from a Trial Balance:  [4] 
Head of Accounts Dr. ` Cr. ` 
Machinery A/c 2,00,000  
Provision for Depreciation on Machinery A/c  80,000 
Depreciation on Machinery  20,000  
Furniture A/c 24,000  
Depreciation on Furniture 3,000  
Show necessary extracts from the Profit and Loss Account and the balance Sheet. 
 
21. Rupesh started a firm on 1
st
 April, 2015 with a capital of `10,000. On 1
st
 July 2016 he borrowed from his 
son Mr. Rohit a sum of ` 4000 @ 9% p.a. (interest not yet paid) for business and introduces a further 
capital of his own amounted to ` 1500. On 31
st
 March, 2016 his position was as follows Cash ` 600, stock 
`9,400, debtors `7000 and creditors `6000. Ascertain his profit or loss taking into account `2000 for his 
drawings during the year. [6] 
 
22. Explain Readymade and Customized software with advantages and limitations.  [6] 
 
23. Following is the Receipts & Payments Account of a Star Club for the year ending Dec. 31, 2015:  [8]   
Receipts ` Payments ` 
To Balance b/d 1,90,000 By Salaries 4,40,000 
To Subscriptions 6,70,000 By Sports Equipment 4,00,000 
To interest on investments 
@8% p.a. for full year 40,000 By Balance c/d 1,60,000 
Additional information: 
i. The club had received `30,000 for subscription in 2014 for 2015. 
ii. Salaries had been paid only for 11 months 
iii. Stock of sports equipment on 31
st
 December 2014 was `3,50,000 and on 31st December 2015 
`7,00,000. Prepare Income & Expenditure Account. 
 
24. From the following Trial Balance of M/s.Mehta and Sons as on 31st March. 2016, prepare Trading and 
Profit & Loss Account and Balance Sheet. [8]  
Particulars ` Particulars ` 
Cash in Hand 50 Bank overdraft 2,850 
Bank Balance 600 Creditors 2,500 
Debtors 3,800 Capital 12,500 
Bad debts 125 Provision for bad debts 200 
Stock (opening) 3,460 Sales 15,450 
Purchases 5,475 Purchase return 125 
Sales return 200 Commission 375 
Furniture & fittings 640   
Motor vehicles 6,250   
Buildings 7,500   
Advertisement 450   
Page 4


  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
CBSE 
Class XI Accountancy 
Sample Paper – 4 
Questions  
Time: 3 hours Max. Marks: 90 
  
General Instructions: 
1. All questions are compulsory.  
2. Show your working notes clearly. 
 
 
1. What is meant by Book keeping?  [1] 
 
2. What is meant by invoice or bill?  [1] 
 
3. What is capital receipts with example.  [1] 
 
4. Give two examples of Liquid Assets. [1] 
 
5. Explain any three internal users of accounting information. [3] 
 
6. Rectify the following entries by passing entries: [3] 
i. A credit sale of `2,000 to Ram was posted to Raman’s Account. 
ii. Goods costing `1,000 (Market price`1,500) were taken by proprietor for personal use, not recorded 
anywhere. 
iii. Sales book was overcast by `600. 
 
7. Write any three objectives of Accounting Standards. (AS)  [3] 
 
8. Explain Consistency assumption and Revenue Recognition principal of accounting. [3] 
 
9. Give any two difference between Reserves and Provisions.  [4] 
 
10. Prepare Trial Balance from the following information: [4] 
Bank overdraft `80,000 
Purchase `3,90,000 
Outstanding Expenses `20,000 
Sales `4,20,000 
Rent paid in advance `30,000 
Purchase Return `10,000 
Opening stock `1,10,000 
Fixed Assets `2,00,000 
Interest Received `15,000 
Bank Loan `1,85,000 
 
11. On 1
st
 April, 2015 Vinod sold goods to Mohan worth `60,000. 
Mohan accept the bill for `60,000 for two months .  
The bill is payable at ICICI Bank Delhi, on the same day Vinod gives bill to the banker for the collection 
(after two months). On the due date bill was honoured and Vinod received the due amount. Give entries 
in the books of Vinod and Mohan.  [4] 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
12. Prepare a Bank Reconciliation Statement of Mr. Rivij Jain on 31
st
 May 2012 from the following:  [4] 
i. Dr. Balance as per Pass book `50,000.  
ii. Cheque issued to Mr. Ram for `2,000 not entered in Cash Book. 
iii. Mr. Dhanam (Debtor) deposited an amount of `1,000 directly into the bank account of Mr. Rivij Jain. 
iv. Cheque Received from Mr. Guru for `6,000, entered in cash book but not sent to bank. 
v. There was a credit in the pass book for `600 and another credit for `200 for interest. 
vi. Bank charges `500entered twice in cash book. 
 
13. Following transactions are of M/s Rakesh Kumar and Sons for the month of April, 2015. Prepare their 
Purchase Book:  [4] 
Apr. 5       Purchase on credit from M/s Raj Mills: 
 100 pieces long cloth @ `80 
 50 pieces shirting @ `100 
Apr. 8    Purchased for cash form M/s Ambika Mills: 
 50 pieces muslin @ `120 
Apr. 15    Purchased on credit from M/s Sagar Mills:  
 20 pieces coating @ `1,000 
 10 pieces shirting @ `90 
Apr. 20    Purchased on credit from M/s Bharat Typewriters Ltd.: 
 5 Typewriters @ `1,400 each 
 
14. Record the following transactions of Mr. Kaushal in a cash book with cash and bank columns for the 
month October 2015. [6] 
1: Cash Balance `35,000; Bank Balance `22,000. 
5: Paid for printing and stationery `9,400. 
8: Cash sales `25,000. 
9: Cash purchases `28,000. 
10: Deposited cash into bank `3,000. 
12: Withdrew from bank for personal use `2,500. 
14: Received bearer cheque from Arjun in full and final settlement `7,700 and deposited same into bank. 
16: Withdrew from bank for office use `7,000. 
18: Received cash from Sahil on account `6,500. 
21: Received bearer cheque from Akhil `4,500. 
22: Paid legal charges `2,300 by cheque. 
24: Paid for carriage `500. 
28: Cheque received from Akhil deposited into bank for collection. 
31: Paid telephone bill `2,000.  
 
15. Vinod Ltd. purchased a machinery of `3,00,000 on 1st July, 2012 and `3,00,000 on 1st November 2012. A 
company purchased one more machinery on 1st Janurary 2013 for `2,00,000. A company sold one 
machinery for `2,10,000 on 31st march 2014 which was purchased on 1st July 2012. Company purchased 
on second hand machinery on the same date for `1,00,000. Rate of the depreciation is 10% by Straight 
Line Method and closes it’s accounts on 31st December every year. 
Prepare Machinery Account, Machinery Disposable Account and Provision for Depreciation A/c. [8] 
 
16.  What is Single Entry System?  [1] 
 
17. Where will you record a specific donation received, while preparing accounts for Non- profit 
organisation.  [1] 
 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
18. In 2014 the subscriptions received were `50,000. These subscriptions include `300 for 2013 and `400 
for 2015. On 31
st
 December, 2014 subscription due but not received were `500. The corresponding figure 
on 1
st
 January, 2014 was`600. What amounts should be credited to the income and Expenditure account 
as subscription of the year 2014? [3] 
 
19. Justify, whether books maintained by the single entry system is reliable as the books maintained by the 
double entry system.  [3] 
 
20. Following is the extract from a Trial Balance:  [4] 
Head of Accounts Dr. ` Cr. ` 
Machinery A/c 2,00,000  
Provision for Depreciation on Machinery A/c  80,000 
Depreciation on Machinery  20,000  
Furniture A/c 24,000  
Depreciation on Furniture 3,000  
Show necessary extracts from the Profit and Loss Account and the balance Sheet. 
 
21. Rupesh started a firm on 1
st
 April, 2015 with a capital of `10,000. On 1
st
 July 2016 he borrowed from his 
son Mr. Rohit a sum of ` 4000 @ 9% p.a. (interest not yet paid) for business and introduces a further 
capital of his own amounted to ` 1500. On 31
st
 March, 2016 his position was as follows Cash ` 600, stock 
`9,400, debtors `7000 and creditors `6000. Ascertain his profit or loss taking into account `2000 for his 
drawings during the year. [6] 
 
22. Explain Readymade and Customized software with advantages and limitations.  [6] 
 
23. Following is the Receipts & Payments Account of a Star Club for the year ending Dec. 31, 2015:  [8]   
Receipts ` Payments ` 
To Balance b/d 1,90,000 By Salaries 4,40,000 
To Subscriptions 6,70,000 By Sports Equipment 4,00,000 
To interest on investments 
@8% p.a. for full year 40,000 By Balance c/d 1,60,000 
Additional information: 
i. The club had received `30,000 for subscription in 2014 for 2015. 
ii. Salaries had been paid only for 11 months 
iii. Stock of sports equipment on 31
st
 December 2014 was `3,50,000 and on 31st December 2015 
`7,00,000. Prepare Income & Expenditure Account. 
 
24. From the following Trial Balance of M/s.Mehta and Sons as on 31st March. 2016, prepare Trading and 
Profit & Loss Account and Balance Sheet. [8]  
Particulars ` Particulars ` 
Cash in Hand 50 Bank overdraft 2,850 
Bank Balance 600 Creditors 2,500 
Debtors 3,800 Capital 12,500 
Bad debts 125 Provision for bad debts 200 
Stock (opening) 3,460 Sales 15,450 
Purchases 5,475 Purchase return 125 
Sales return 200 Commission 375 
Furniture & fittings 640   
Motor vehicles 6,250   
Buildings 7,500   
Advertisement 450   
  
 
CBSE XI  | Accountancy 
Sample Paper ? 4 
 
     
 
Interest on bank overdraft 118   
Taxes & insurance 1,250   
General expenses 782   
Salaries 3,300   
Adjustments: 
i. Stock in hand on 31-3-2016 Rs.5,750 
ii. Depreciate building @ 5%, furniture and fittings @ 10% and motor vehicles @ 20%. 
iii. Rs.85 is due for interest on bank overdraft. 
iv. Salaries Rs.300 and taxes Rs.120 are outstanding. 
v. One third of the commission received is in respect of work to be done next year. 
vi. Further Bad Debts `100 and make provision for doubtful debts @10%.