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CBSE XI | Accountancy
Sample Paper-5
CBSE
Class XI Accountancy
Sample Paper-5
Questions
Time: 3 hours Max. Marks: 90
General Instructions:
1. All questions are compulsory.
2. Show your working notes clearly.
1. Why non-cash expenditure such as depreciation is not shown in the Receipts and Payments Account? [1]
2. Why are the rules for debit and credit same for both liabilities and capital? [1]
3. Dr. Khan, a retired army doctor running his own clinic has been advised by his accountant to follow
accrual basis of accounting instead of currently followed cash basis of accounting. What will be your
advice? [1]
4. Define revenue. [1]
5. Nikhil sold 500 yoga mats to Kalyan Sports @ 400 each less 25% Trade discount and 2% cash discount if
Kalyan Sports pays the amount in 15 days. Kalyan Sports paid the amount on 10
th
day. What will be the
amount with which sales account should be credited by Nikhil on the date of sale? [1]
6. Name any two source documents. [1]
7. In 2016-17, the subscriptions received were `42,000. These subscriptions include `600 for 2015-16 and
`800 for 2017-18. On March 31, 2017, the subscriptions due but not received were `1,000. The
corresponding amount on April 01, 2016 was `1, 200. What amount should be credited to the Income and
Expenditure Account as subscriptions for the year 2015-17? [3]
8. Calculate amount of stationery to be recorded in income and expenditure A/c for the year ending
31.03.2017: [3]
Stock on 01.04.2016 `8,400
Creditors on 01.04.2016 `9,000
Advance paid for stationery on 01.04.2016 `6,000
Stock on 31.03.2017 `5,000
Creditors on 31.03.2017 `3,600
Advance paid for stationery on 31.03.2017 `5,600
Amount paid for stationery during the year `37,000
9. On which side will the decrease in the following accounts be recorded? Also, mention the nature of the
account. [3]
(i) Adi (Proprietor) (iv) Salary Outstanding A/c
(ii) Fright A/c (v) Jay (Supplier)
(iii) Cartage A/c (vi) Karan (Customer)
10. Give two Difference between Gross Profit and Net Profit. [3]
11. Journalise the following transaction in the books of Ajay: [3]
Page 2
CBSE XI | Accountancy
Sample Paper-5
CBSE
Class XI Accountancy
Sample Paper-5
Questions
Time: 3 hours Max. Marks: 90
General Instructions:
1. All questions are compulsory.
2. Show your working notes clearly.
1. Why non-cash expenditure such as depreciation is not shown in the Receipts and Payments Account? [1]
2. Why are the rules for debit and credit same for both liabilities and capital? [1]
3. Dr. Khan, a retired army doctor running his own clinic has been advised by his accountant to follow
accrual basis of accounting instead of currently followed cash basis of accounting. What will be your
advice? [1]
4. Define revenue. [1]
5. Nikhil sold 500 yoga mats to Kalyan Sports @ 400 each less 25% Trade discount and 2% cash discount if
Kalyan Sports pays the amount in 15 days. Kalyan Sports paid the amount on 10
th
day. What will be the
amount with which sales account should be credited by Nikhil on the date of sale? [1]
6. Name any two source documents. [1]
7. In 2016-17, the subscriptions received were `42,000. These subscriptions include `600 for 2015-16 and
`800 for 2017-18. On March 31, 2017, the subscriptions due but not received were `1,000. The
corresponding amount on April 01, 2016 was `1, 200. What amount should be credited to the Income and
Expenditure Account as subscriptions for the year 2015-17? [3]
8. Calculate amount of stationery to be recorded in income and expenditure A/c for the year ending
31.03.2017: [3]
Stock on 01.04.2016 `8,400
Creditors on 01.04.2016 `9,000
Advance paid for stationery on 01.04.2016 `6,000
Stock on 31.03.2017 `5,000
Creditors on 31.03.2017 `3,600
Advance paid for stationery on 31.03.2017 `5,600
Amount paid for stationery during the year `37,000
9. On which side will the decrease in the following accounts be recorded? Also, mention the nature of the
account. [3]
(i) Adi (Proprietor) (iv) Salary Outstanding A/c
(ii) Fright A/c (v) Jay (Supplier)
(iii) Cartage A/c (vi) Karan (Customer)
10. Give two Difference between Gross Profit and Net Profit. [3]
11. Journalise the following transaction in the books of Ajay: [3]
CBSE XI | Accountancy
Sample Paper-5
1. Received from Vijay `50,000 by cheque allowed him discount of `2,000.
2. Purchased goods costing `30,000 against Cheque and availed discount of 3%.
3. Sold goods of `21,000 against cash and availed discount of 3%.
12. A firm purchased a machinery for `6,60,000 on 1
st
April 2016 and `40,000 is spent on its installation. Its
useful life is estimated to be of 10 years. Its estimated realisable or scrap value at the end of the period
was estimated at `20,000. Find out the amount of annual Depreciation and rate of Depreciation. [3]
13. Pass the necessary journal entries to rectifying the following errors: [4]
(i) A credit sale of `500 to Ramesh omitted to e recorded in the books
(ii) A credit sale of old furniture to Suresh for `500 omitted to be posted
(iii) Goods (Cost `1,000, Sale Price `1,100)taken away by the proprietor were not recorded anywhere
(iv) Goods (Cost `2,000, Sale Price `2,100)distributed as free samples among prospective customers
were not recorded anywhere
14. From the following information, prepare Trading Account for the year ended 31
st
March,2017:
Adjusted Purchases `4,40,000; Sales `5,64,000; Closing Stock `45,600; Freight and Carriage Inwards
`5,400; Wages `5,000; Freight and Cartage Outwards `4,000 [4]
15. Correct the following Trial Balance: [4]
Debit Balance ` Credit Balance `
Opening Stock 10,260 Debtors 4,500
Returns Outward 4,800 Carriage outwards 1,500
Salaries 3,600 Capital 16,560
Creditors 8,400 Machinery 5,400
Bank 13,500 Returned Inward 900
Carriage Inwards 1,800 Discount Received 1,200
Rent Received 900 Trade Expenses 1,800
Discount Allowed 600 Sales 42,000
Purchases 30,000 Building 6,000
Bill Payable 6,000
79,860 7,9,860
16. On 01.04.2016 the position of Rakesh was as under: [4]
Loan from friend `20,000, Cash `24,000, Bank `50,000, Stock `8,000, Debtors `36,000, Furniture
`16,000, Creditors `16,000.
His position on 31.03.2017 was as under:
Cash `5,000, Bank `9,600, Stock `15,000, Debtors `38,400, Furniture `19,200, Creditors `15,000.
During the year he repaid 50% of his friend’s Loan and withdrew `2,400 per quarter for domestic use.
Find profit or Loss after providing 10% depreciation on furniture and write off `1,200 and create a
provision of 5% on debtors.
17. Explain Money measurement concept in brief. Also mention two values considered by businessman by
following this concept. [4]
18. For the mutual accommodation of Rushi and Shashi on 1
st
April 2017, Rushi draw a four months bill on
Shashi for `4,000. Shashi returned the bill after acceptance of the same date. Rushi discounts the bill from
his bankers @6% per annum and remit 50% of the proceed to Shashi. On due date Rushi is unable to
send the amount due and therefore Shashi draws a bill for `7,000, which is duly accepted by Rushi.
Shashi discounts the bill for `6,600 and sends `1,300 to Rushi. Before the bill is due for payment Rushi
becomes insolvent. Later 25 paise in a rupee received from his estae.
Pass the journal entries in the books of Rushi. [6]
Page 3
CBSE XI | Accountancy
Sample Paper-5
CBSE
Class XI Accountancy
Sample Paper-5
Questions
Time: 3 hours Max. Marks: 90
General Instructions:
1. All questions are compulsory.
2. Show your working notes clearly.
1. Why non-cash expenditure such as depreciation is not shown in the Receipts and Payments Account? [1]
2. Why are the rules for debit and credit same for both liabilities and capital? [1]
3. Dr. Khan, a retired army doctor running his own clinic has been advised by his accountant to follow
accrual basis of accounting instead of currently followed cash basis of accounting. What will be your
advice? [1]
4. Define revenue. [1]
5. Nikhil sold 500 yoga mats to Kalyan Sports @ 400 each less 25% Trade discount and 2% cash discount if
Kalyan Sports pays the amount in 15 days. Kalyan Sports paid the amount on 10
th
day. What will be the
amount with which sales account should be credited by Nikhil on the date of sale? [1]
6. Name any two source documents. [1]
7. In 2016-17, the subscriptions received were `42,000. These subscriptions include `600 for 2015-16 and
`800 for 2017-18. On March 31, 2017, the subscriptions due but not received were `1,000. The
corresponding amount on April 01, 2016 was `1, 200. What amount should be credited to the Income and
Expenditure Account as subscriptions for the year 2015-17? [3]
8. Calculate amount of stationery to be recorded in income and expenditure A/c for the year ending
31.03.2017: [3]
Stock on 01.04.2016 `8,400
Creditors on 01.04.2016 `9,000
Advance paid for stationery on 01.04.2016 `6,000
Stock on 31.03.2017 `5,000
Creditors on 31.03.2017 `3,600
Advance paid for stationery on 31.03.2017 `5,600
Amount paid for stationery during the year `37,000
9. On which side will the decrease in the following accounts be recorded? Also, mention the nature of the
account. [3]
(i) Adi (Proprietor) (iv) Salary Outstanding A/c
(ii) Fright A/c (v) Jay (Supplier)
(iii) Cartage A/c (vi) Karan (Customer)
10. Give two Difference between Gross Profit and Net Profit. [3]
11. Journalise the following transaction in the books of Ajay: [3]
CBSE XI | Accountancy
Sample Paper-5
1. Received from Vijay `50,000 by cheque allowed him discount of `2,000.
2. Purchased goods costing `30,000 against Cheque and availed discount of 3%.
3. Sold goods of `21,000 against cash and availed discount of 3%.
12. A firm purchased a machinery for `6,60,000 on 1
st
April 2016 and `40,000 is spent on its installation. Its
useful life is estimated to be of 10 years. Its estimated realisable or scrap value at the end of the period
was estimated at `20,000. Find out the amount of annual Depreciation and rate of Depreciation. [3]
13. Pass the necessary journal entries to rectifying the following errors: [4]
(i) A credit sale of `500 to Ramesh omitted to e recorded in the books
(ii) A credit sale of old furniture to Suresh for `500 omitted to be posted
(iii) Goods (Cost `1,000, Sale Price `1,100)taken away by the proprietor were not recorded anywhere
(iv) Goods (Cost `2,000, Sale Price `2,100)distributed as free samples among prospective customers
were not recorded anywhere
14. From the following information, prepare Trading Account for the year ended 31
st
March,2017:
Adjusted Purchases `4,40,000; Sales `5,64,000; Closing Stock `45,600; Freight and Carriage Inwards
`5,400; Wages `5,000; Freight and Cartage Outwards `4,000 [4]
15. Correct the following Trial Balance: [4]
Debit Balance ` Credit Balance `
Opening Stock 10,260 Debtors 4,500
Returns Outward 4,800 Carriage outwards 1,500
Salaries 3,600 Capital 16,560
Creditors 8,400 Machinery 5,400
Bank 13,500 Returned Inward 900
Carriage Inwards 1,800 Discount Received 1,200
Rent Received 900 Trade Expenses 1,800
Discount Allowed 600 Sales 42,000
Purchases 30,000 Building 6,000
Bill Payable 6,000
79,860 7,9,860
16. On 01.04.2016 the position of Rakesh was as under: [4]
Loan from friend `20,000, Cash `24,000, Bank `50,000, Stock `8,000, Debtors `36,000, Furniture
`16,000, Creditors `16,000.
His position on 31.03.2017 was as under:
Cash `5,000, Bank `9,600, Stock `15,000, Debtors `38,400, Furniture `19,200, Creditors `15,000.
During the year he repaid 50% of his friend’s Loan and withdrew `2,400 per quarter for domestic use.
Find profit or Loss after providing 10% depreciation on furniture and write off `1,200 and create a
provision of 5% on debtors.
17. Explain Money measurement concept in brief. Also mention two values considered by businessman by
following this concept. [4]
18. For the mutual accommodation of Rushi and Shashi on 1
st
April 2017, Rushi draw a four months bill on
Shashi for `4,000. Shashi returned the bill after acceptance of the same date. Rushi discounts the bill from
his bankers @6% per annum and remit 50% of the proceed to Shashi. On due date Rushi is unable to
send the amount due and therefore Shashi draws a bill for `7,000, which is duly accepted by Rushi.
Shashi discounts the bill for `6,600 and sends `1,300 to Rushi. Before the bill is due for payment Rushi
becomes insolvent. Later 25 paise in a rupee received from his estae.
Pass the journal entries in the books of Rushi. [6]
CBSE XI | Accountancy
Sample Paper-5
19. Enter the following transactions in proper Subsidiary Books of Raja: [6]
2017 Particulars `
Jan 1 Sold goods to Ravi 5,250
Bought of Harish 7,800
Jan 2 Ravi returned goods 750
Sold to Dina Nath 5,500
Jan 2 Purchased goods from Mangal 7,000
Jan 4 Returned goods to Mangal 1,000
Jan 4 Bought of Devi Dayal 3,250
Jan 4 Sold to Zakir Hussain 3,500
Jan 5 Zakir Hussain returned goods 450
Jan 6 Sold to Ram Saran 5,000
Jan 6 Sold to Ghanshyam 3,000
Jan 7 Ram Saran returned goods 5,00
Jan 7 Bought of Devi Dayal 7,000
Jan 8 Returned goods to Devi Dayal 750
Jan 9 Purchased goods from Raghu Nath subject to a trade discount of 10% 10,000
Jan 10 Sold to Raja Ram goods subject to trade discount of 5% 5,000
20. On comparing the Cash Book of Mr. Amar with the Bank Pass Book, the following discrepancies were
noted: [6]
(i) Out of `20,500 paid in cash and by cheques into the bank on 27th March, cheque amounting to
`7,500 were collected on 7th April.
(ii) Cheque and cash amounting to `4,800 were deposited in bank on 26th March but credit was given
for `3,800 only.
(iii) Out of cheques amounting to `7,800 drawn on 26th March a cheque for `2,500 was encashed on
3rd April.
(iv) Cheques issued to creditor amounting to `20,000 on 25th March of which cheques worth `3,000
were presented to bank up to 31st March.
(v) A cheque for `1,000 entered in Cash Book but omitted to be banked on 31
st
March.
(vi) A cheque for `600 deposited into bank but omitted to be recorded in Cash Book and was collected
by the bank on 30th March.
(vii) A bill receivable for `520 previously discounted (Discount `20) with the bank had been
dishonoured but advice was received on 1
st
April.
(viii) A bill for `10,000 was retired/paid by the bank under a rebate of `150 but the full amount of the
bill was credited in the bank column of the Cash Book.
(ix) A cheque of `1,080 credited in the Pass Book on March 28 being dishonoured is debited again in
the Pass Book on 1
st
April. There was no entry in the Cash Book about the dishonour of the cheque
until 15th April.
(x) A cheque of `200 drawn on his Saving Deposit Account has been shown as drawn on Current
Account in Cash Book.
Prepare a Bank Reconciliation Statement as at 31
st
March if the Balance as per Cash Book on 31
st
March
was `39,570.
21. Following information is supplied to you by a shopkeeper: [6]
1st April,
2016 (`)
31st March,
2017 (`)
Cash 6,000 7,000
Sundry Debtors 68,000 64,000
Stock 59,000 87,000
Furniture 15,000 13,500
Page 4
CBSE XI | Accountancy
Sample Paper-5
CBSE
Class XI Accountancy
Sample Paper-5
Questions
Time: 3 hours Max. Marks: 90
General Instructions:
1. All questions are compulsory.
2. Show your working notes clearly.
1. Why non-cash expenditure such as depreciation is not shown in the Receipts and Payments Account? [1]
2. Why are the rules for debit and credit same for both liabilities and capital? [1]
3. Dr. Khan, a retired army doctor running his own clinic has been advised by his accountant to follow
accrual basis of accounting instead of currently followed cash basis of accounting. What will be your
advice? [1]
4. Define revenue. [1]
5. Nikhil sold 500 yoga mats to Kalyan Sports @ 400 each less 25% Trade discount and 2% cash discount if
Kalyan Sports pays the amount in 15 days. Kalyan Sports paid the amount on 10
th
day. What will be the
amount with which sales account should be credited by Nikhil on the date of sale? [1]
6. Name any two source documents. [1]
7. In 2016-17, the subscriptions received were `42,000. These subscriptions include `600 for 2015-16 and
`800 for 2017-18. On March 31, 2017, the subscriptions due but not received were `1,000. The
corresponding amount on April 01, 2016 was `1, 200. What amount should be credited to the Income and
Expenditure Account as subscriptions for the year 2015-17? [3]
8. Calculate amount of stationery to be recorded in income and expenditure A/c for the year ending
31.03.2017: [3]
Stock on 01.04.2016 `8,400
Creditors on 01.04.2016 `9,000
Advance paid for stationery on 01.04.2016 `6,000
Stock on 31.03.2017 `5,000
Creditors on 31.03.2017 `3,600
Advance paid for stationery on 31.03.2017 `5,600
Amount paid for stationery during the year `37,000
9. On which side will the decrease in the following accounts be recorded? Also, mention the nature of the
account. [3]
(i) Adi (Proprietor) (iv) Salary Outstanding A/c
(ii) Fright A/c (v) Jay (Supplier)
(iii) Cartage A/c (vi) Karan (Customer)
10. Give two Difference between Gross Profit and Net Profit. [3]
11. Journalise the following transaction in the books of Ajay: [3]
CBSE XI | Accountancy
Sample Paper-5
1. Received from Vijay `50,000 by cheque allowed him discount of `2,000.
2. Purchased goods costing `30,000 against Cheque and availed discount of 3%.
3. Sold goods of `21,000 against cash and availed discount of 3%.
12. A firm purchased a machinery for `6,60,000 on 1
st
April 2016 and `40,000 is spent on its installation. Its
useful life is estimated to be of 10 years. Its estimated realisable or scrap value at the end of the period
was estimated at `20,000. Find out the amount of annual Depreciation and rate of Depreciation. [3]
13. Pass the necessary journal entries to rectifying the following errors: [4]
(i) A credit sale of `500 to Ramesh omitted to e recorded in the books
(ii) A credit sale of old furniture to Suresh for `500 omitted to be posted
(iii) Goods (Cost `1,000, Sale Price `1,100)taken away by the proprietor were not recorded anywhere
(iv) Goods (Cost `2,000, Sale Price `2,100)distributed as free samples among prospective customers
were not recorded anywhere
14. From the following information, prepare Trading Account for the year ended 31
st
March,2017:
Adjusted Purchases `4,40,000; Sales `5,64,000; Closing Stock `45,600; Freight and Carriage Inwards
`5,400; Wages `5,000; Freight and Cartage Outwards `4,000 [4]
15. Correct the following Trial Balance: [4]
Debit Balance ` Credit Balance `
Opening Stock 10,260 Debtors 4,500
Returns Outward 4,800 Carriage outwards 1,500
Salaries 3,600 Capital 16,560
Creditors 8,400 Machinery 5,400
Bank 13,500 Returned Inward 900
Carriage Inwards 1,800 Discount Received 1,200
Rent Received 900 Trade Expenses 1,800
Discount Allowed 600 Sales 42,000
Purchases 30,000 Building 6,000
Bill Payable 6,000
79,860 7,9,860
16. On 01.04.2016 the position of Rakesh was as under: [4]
Loan from friend `20,000, Cash `24,000, Bank `50,000, Stock `8,000, Debtors `36,000, Furniture
`16,000, Creditors `16,000.
His position on 31.03.2017 was as under:
Cash `5,000, Bank `9,600, Stock `15,000, Debtors `38,400, Furniture `19,200, Creditors `15,000.
During the year he repaid 50% of his friend’s Loan and withdrew `2,400 per quarter for domestic use.
Find profit or Loss after providing 10% depreciation on furniture and write off `1,200 and create a
provision of 5% on debtors.
17. Explain Money measurement concept in brief. Also mention two values considered by businessman by
following this concept. [4]
18. For the mutual accommodation of Rushi and Shashi on 1
st
April 2017, Rushi draw a four months bill on
Shashi for `4,000. Shashi returned the bill after acceptance of the same date. Rushi discounts the bill from
his bankers @6% per annum and remit 50% of the proceed to Shashi. On due date Rushi is unable to
send the amount due and therefore Shashi draws a bill for `7,000, which is duly accepted by Rushi.
Shashi discounts the bill for `6,600 and sends `1,300 to Rushi. Before the bill is due for payment Rushi
becomes insolvent. Later 25 paise in a rupee received from his estae.
Pass the journal entries in the books of Rushi. [6]
CBSE XI | Accountancy
Sample Paper-5
19. Enter the following transactions in proper Subsidiary Books of Raja: [6]
2017 Particulars `
Jan 1 Sold goods to Ravi 5,250
Bought of Harish 7,800
Jan 2 Ravi returned goods 750
Sold to Dina Nath 5,500
Jan 2 Purchased goods from Mangal 7,000
Jan 4 Returned goods to Mangal 1,000
Jan 4 Bought of Devi Dayal 3,250
Jan 4 Sold to Zakir Hussain 3,500
Jan 5 Zakir Hussain returned goods 450
Jan 6 Sold to Ram Saran 5,000
Jan 6 Sold to Ghanshyam 3,000
Jan 7 Ram Saran returned goods 5,00
Jan 7 Bought of Devi Dayal 7,000
Jan 8 Returned goods to Devi Dayal 750
Jan 9 Purchased goods from Raghu Nath subject to a trade discount of 10% 10,000
Jan 10 Sold to Raja Ram goods subject to trade discount of 5% 5,000
20. On comparing the Cash Book of Mr. Amar with the Bank Pass Book, the following discrepancies were
noted: [6]
(i) Out of `20,500 paid in cash and by cheques into the bank on 27th March, cheque amounting to
`7,500 were collected on 7th April.
(ii) Cheque and cash amounting to `4,800 were deposited in bank on 26th March but credit was given
for `3,800 only.
(iii) Out of cheques amounting to `7,800 drawn on 26th March a cheque for `2,500 was encashed on
3rd April.
(iv) Cheques issued to creditor amounting to `20,000 on 25th March of which cheques worth `3,000
were presented to bank up to 31st March.
(v) A cheque for `1,000 entered in Cash Book but omitted to be banked on 31
st
March.
(vi) A cheque for `600 deposited into bank but omitted to be recorded in Cash Book and was collected
by the bank on 30th March.
(vii) A bill receivable for `520 previously discounted (Discount `20) with the bank had been
dishonoured but advice was received on 1
st
April.
(viii) A bill for `10,000 was retired/paid by the bank under a rebate of `150 but the full amount of the
bill was credited in the bank column of the Cash Book.
(ix) A cheque of `1,080 credited in the Pass Book on March 28 being dishonoured is debited again in
the Pass Book on 1
st
April. There was no entry in the Cash Book about the dishonour of the cheque
until 15th April.
(x) A cheque of `200 drawn on his Saving Deposit Account has been shown as drawn on Current
Account in Cash Book.
Prepare a Bank Reconciliation Statement as at 31
st
March if the Balance as per Cash Book on 31
st
March
was `39,570.
21. Following information is supplied to you by a shopkeeper: [6]
1st April,
2016 (`)
31st March,
2017 (`)
Cash 6,000 7,000
Sundry Debtors 68,000 64,000
Stock 59,000 87,000
Furniture 15,000 13,500
CBSE XI | Accountancy
Sample Paper-5
Sundry Creditors 20,000 18,000
Bills Payable 15,000 11,000
During the year the shopkeeper withdrew `2,500 per month for domestic purposes. He also borrowed
from a friend at 9% a sum of `20,000 on 1st October, 2016. He has not yet paid the interest. A provision
of 5% on debtors for doubtful debts is to be made.
Ascertain the profit or loss made by him during the period.
22. On 1
st
April, 2011, X Ltd purchased a machinery for `58,000 and spent `2,000 on its erection. On 1
st
Oct.
2011 an additional machinery costing `20,000 was purchased. On 1
st
Oct. 2013 the machine purchased
on 1
st
April 2011 was sold for `28,600 and on the same date, a new machine was purchased at a cost of `
40,000.
Show the Machinery Account for the first four years ending 31
st
March as per Written Down Value
Method taking the rate of depreciation at 10% p.a. [6]
23. Following is the Trial Balance of Aaditya Ltd. as on 31st March, 2017. You are required to prepare Final
Accounts: [8]
Dr. ` Cr. `
Sundry creditors 63,000
Sundry debtors 1,45,000
Capital 7,10,000
Drawings 52,450
Insurance 6,000
General expenses 30,000
Salaries 1,50,000
Patents 75,000
Machinery 2,00,000
Freehold land 1,00,000
Building 3,00,000
Stock on 1.4.2016 57,600
Carriage on purchases 20,400
Carriage on sales 32,000
Fuel and power 47,300
Wages 1,04,800
Returns outwards 5,000
Return inwards 6,800
Sales 9,87,800
Purchases 4,06,750
Cash at bank 26,300
Cash in hand 5,400
17,65,800 17,65,800
Following adjustments are to be made:
1. Stock on 31st March, 2017 was valued at `68,000.
2. A Provision for Doubtful Debts is to be created to the extent of 5% on Debtors.
3. Depreciate Machinery by 10%. Patents by 20%.
4. Wages include a sum of `20,000 spent on the erection of a cycle shed for employees and customers.
5. Salaries for the month of March 2017, amounted to `15,000 were unpaid.
6. Insurance includes a premium of `1,700 on a policy expiring on 30
th
September, 2017.
Page 5
CBSE XI | Accountancy
Sample Paper-5
CBSE
Class XI Accountancy
Sample Paper-5
Questions
Time: 3 hours Max. Marks: 90
General Instructions:
1. All questions are compulsory.
2. Show your working notes clearly.
1. Why non-cash expenditure such as depreciation is not shown in the Receipts and Payments Account? [1]
2. Why are the rules for debit and credit same for both liabilities and capital? [1]
3. Dr. Khan, a retired army doctor running his own clinic has been advised by his accountant to follow
accrual basis of accounting instead of currently followed cash basis of accounting. What will be your
advice? [1]
4. Define revenue. [1]
5. Nikhil sold 500 yoga mats to Kalyan Sports @ 400 each less 25% Trade discount and 2% cash discount if
Kalyan Sports pays the amount in 15 days. Kalyan Sports paid the amount on 10
th
day. What will be the
amount with which sales account should be credited by Nikhil on the date of sale? [1]
6. Name any two source documents. [1]
7. In 2016-17, the subscriptions received were `42,000. These subscriptions include `600 for 2015-16 and
`800 for 2017-18. On March 31, 2017, the subscriptions due but not received were `1,000. The
corresponding amount on April 01, 2016 was `1, 200. What amount should be credited to the Income and
Expenditure Account as subscriptions for the year 2015-17? [3]
8. Calculate amount of stationery to be recorded in income and expenditure A/c for the year ending
31.03.2017: [3]
Stock on 01.04.2016 `8,400
Creditors on 01.04.2016 `9,000
Advance paid for stationery on 01.04.2016 `6,000
Stock on 31.03.2017 `5,000
Creditors on 31.03.2017 `3,600
Advance paid for stationery on 31.03.2017 `5,600
Amount paid for stationery during the year `37,000
9. On which side will the decrease in the following accounts be recorded? Also, mention the nature of the
account. [3]
(i) Adi (Proprietor) (iv) Salary Outstanding A/c
(ii) Fright A/c (v) Jay (Supplier)
(iii) Cartage A/c (vi) Karan (Customer)
10. Give two Difference between Gross Profit and Net Profit. [3]
11. Journalise the following transaction in the books of Ajay: [3]
CBSE XI | Accountancy
Sample Paper-5
1. Received from Vijay `50,000 by cheque allowed him discount of `2,000.
2. Purchased goods costing `30,000 against Cheque and availed discount of 3%.
3. Sold goods of `21,000 against cash and availed discount of 3%.
12. A firm purchased a machinery for `6,60,000 on 1
st
April 2016 and `40,000 is spent on its installation. Its
useful life is estimated to be of 10 years. Its estimated realisable or scrap value at the end of the period
was estimated at `20,000. Find out the amount of annual Depreciation and rate of Depreciation. [3]
13. Pass the necessary journal entries to rectifying the following errors: [4]
(i) A credit sale of `500 to Ramesh omitted to e recorded in the books
(ii) A credit sale of old furniture to Suresh for `500 omitted to be posted
(iii) Goods (Cost `1,000, Sale Price `1,100)taken away by the proprietor were not recorded anywhere
(iv) Goods (Cost `2,000, Sale Price `2,100)distributed as free samples among prospective customers
were not recorded anywhere
14. From the following information, prepare Trading Account for the year ended 31
st
March,2017:
Adjusted Purchases `4,40,000; Sales `5,64,000; Closing Stock `45,600; Freight and Carriage Inwards
`5,400; Wages `5,000; Freight and Cartage Outwards `4,000 [4]
15. Correct the following Trial Balance: [4]
Debit Balance ` Credit Balance `
Opening Stock 10,260 Debtors 4,500
Returns Outward 4,800 Carriage outwards 1,500
Salaries 3,600 Capital 16,560
Creditors 8,400 Machinery 5,400
Bank 13,500 Returned Inward 900
Carriage Inwards 1,800 Discount Received 1,200
Rent Received 900 Trade Expenses 1,800
Discount Allowed 600 Sales 42,000
Purchases 30,000 Building 6,000
Bill Payable 6,000
79,860 7,9,860
16. On 01.04.2016 the position of Rakesh was as under: [4]
Loan from friend `20,000, Cash `24,000, Bank `50,000, Stock `8,000, Debtors `36,000, Furniture
`16,000, Creditors `16,000.
His position on 31.03.2017 was as under:
Cash `5,000, Bank `9,600, Stock `15,000, Debtors `38,400, Furniture `19,200, Creditors `15,000.
During the year he repaid 50% of his friend’s Loan and withdrew `2,400 per quarter for domestic use.
Find profit or Loss after providing 10% depreciation on furniture and write off `1,200 and create a
provision of 5% on debtors.
17. Explain Money measurement concept in brief. Also mention two values considered by businessman by
following this concept. [4]
18. For the mutual accommodation of Rushi and Shashi on 1
st
April 2017, Rushi draw a four months bill on
Shashi for `4,000. Shashi returned the bill after acceptance of the same date. Rushi discounts the bill from
his bankers @6% per annum and remit 50% of the proceed to Shashi. On due date Rushi is unable to
send the amount due and therefore Shashi draws a bill for `7,000, which is duly accepted by Rushi.
Shashi discounts the bill for `6,600 and sends `1,300 to Rushi. Before the bill is due for payment Rushi
becomes insolvent. Later 25 paise in a rupee received from his estae.
Pass the journal entries in the books of Rushi. [6]
CBSE XI | Accountancy
Sample Paper-5
19. Enter the following transactions in proper Subsidiary Books of Raja: [6]
2017 Particulars `
Jan 1 Sold goods to Ravi 5,250
Bought of Harish 7,800
Jan 2 Ravi returned goods 750
Sold to Dina Nath 5,500
Jan 2 Purchased goods from Mangal 7,000
Jan 4 Returned goods to Mangal 1,000
Jan 4 Bought of Devi Dayal 3,250
Jan 4 Sold to Zakir Hussain 3,500
Jan 5 Zakir Hussain returned goods 450
Jan 6 Sold to Ram Saran 5,000
Jan 6 Sold to Ghanshyam 3,000
Jan 7 Ram Saran returned goods 5,00
Jan 7 Bought of Devi Dayal 7,000
Jan 8 Returned goods to Devi Dayal 750
Jan 9 Purchased goods from Raghu Nath subject to a trade discount of 10% 10,000
Jan 10 Sold to Raja Ram goods subject to trade discount of 5% 5,000
20. On comparing the Cash Book of Mr. Amar with the Bank Pass Book, the following discrepancies were
noted: [6]
(i) Out of `20,500 paid in cash and by cheques into the bank on 27th March, cheque amounting to
`7,500 were collected on 7th April.
(ii) Cheque and cash amounting to `4,800 were deposited in bank on 26th March but credit was given
for `3,800 only.
(iii) Out of cheques amounting to `7,800 drawn on 26th March a cheque for `2,500 was encashed on
3rd April.
(iv) Cheques issued to creditor amounting to `20,000 on 25th March of which cheques worth `3,000
were presented to bank up to 31st March.
(v) A cheque for `1,000 entered in Cash Book but omitted to be banked on 31
st
March.
(vi) A cheque for `600 deposited into bank but omitted to be recorded in Cash Book and was collected
by the bank on 30th March.
(vii) A bill receivable for `520 previously discounted (Discount `20) with the bank had been
dishonoured but advice was received on 1
st
April.
(viii) A bill for `10,000 was retired/paid by the bank under a rebate of `150 but the full amount of the
bill was credited in the bank column of the Cash Book.
(ix) A cheque of `1,080 credited in the Pass Book on March 28 being dishonoured is debited again in
the Pass Book on 1
st
April. There was no entry in the Cash Book about the dishonour of the cheque
until 15th April.
(x) A cheque of `200 drawn on his Saving Deposit Account has been shown as drawn on Current
Account in Cash Book.
Prepare a Bank Reconciliation Statement as at 31
st
March if the Balance as per Cash Book on 31
st
March
was `39,570.
21. Following information is supplied to you by a shopkeeper: [6]
1st April,
2016 (`)
31st March,
2017 (`)
Cash 6,000 7,000
Sundry Debtors 68,000 64,000
Stock 59,000 87,000
Furniture 15,000 13,500
CBSE XI | Accountancy
Sample Paper-5
Sundry Creditors 20,000 18,000
Bills Payable 15,000 11,000
During the year the shopkeeper withdrew `2,500 per month for domestic purposes. He also borrowed
from a friend at 9% a sum of `20,000 on 1st October, 2016. He has not yet paid the interest. A provision
of 5% on debtors for doubtful debts is to be made.
Ascertain the profit or loss made by him during the period.
22. On 1
st
April, 2011, X Ltd purchased a machinery for `58,000 and spent `2,000 on its erection. On 1
st
Oct.
2011 an additional machinery costing `20,000 was purchased. On 1
st
Oct. 2013 the machine purchased
on 1
st
April 2011 was sold for `28,600 and on the same date, a new machine was purchased at a cost of `
40,000.
Show the Machinery Account for the first four years ending 31
st
March as per Written Down Value
Method taking the rate of depreciation at 10% p.a. [6]
23. Following is the Trial Balance of Aaditya Ltd. as on 31st March, 2017. You are required to prepare Final
Accounts: [8]
Dr. ` Cr. `
Sundry creditors 63,000
Sundry debtors 1,45,000
Capital 7,10,000
Drawings 52,450
Insurance 6,000
General expenses 30,000
Salaries 1,50,000
Patents 75,000
Machinery 2,00,000
Freehold land 1,00,000
Building 3,00,000
Stock on 1.4.2016 57,600
Carriage on purchases 20,400
Carriage on sales 32,000
Fuel and power 47,300
Wages 1,04,800
Returns outwards 5,000
Return inwards 6,800
Sales 9,87,800
Purchases 4,06,750
Cash at bank 26,300
Cash in hand 5,400
17,65,800 17,65,800
Following adjustments are to be made:
1. Stock on 31st March, 2017 was valued at `68,000.
2. A Provision for Doubtful Debts is to be created to the extent of 5% on Debtors.
3. Depreciate Machinery by 10%. Patents by 20%.
4. Wages include a sum of `20,000 spent on the erection of a cycle shed for employees and customers.
5. Salaries for the month of March 2017, amounted to `15,000 were unpaid.
6. Insurance includes a premium of `1,700 on a policy expiring on 30
th
September, 2017.
CBSE XI | Accountancy
Sample Paper-5
24. Given below is the Receipts and Payments Account of a Sakshi club for the year ended 31
st
March, 2017:[8]
Receipts And Payments Account
Dr. Cr.
Receipts ` Payments `
To Balance b/d 1,02,500 By Salaries 60,000
To Subscription: By Expenses 7,500
2015-16 4,000 By Drama Expenses 45,000
2016-17 2,05,000 By Newspapers 15,000
2017-18 6,000 2,15,000 By Municipal Taxes 4,000
To Donations 54,000 By Charity 35,000
To Proceeds of Drama
Tickets 95,000 By Investments 2,00,000
To Sale of Waste Paper 4,500 By Electricity Charges 14,500
By Balance c/d 90,000
4,71,000 4,71,000
Prepare club's Income and Expenditure Account for the year ended 31st March, 2017 and Balance Sheet
as at that date after taking the following information into account:
(i) There are 5,000 members, each paying an annual subscription of `50, `5,000 are still in arrears for
the year 2015-16.
(ii) Municipal Taxes amounted to `4,000 per year have been paid up to 30th June and `5,000 are
outstanding of salaries.
(iii) Building stands in the books at `5,00,000.
(iv) 6% interest has accrued on investments for five months.
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FAQs on Sample Question Paper 5 - Accountancy, Class 11 - Sample Papers for Class 11 Commerce
| 1. What are the basic principles of accountancy? |  |
Ans. The basic principles of accountancy include the principles of separate entity, going concern, historical cost, realization, accrual, consistency, prudence, materiality, and duality.
| 2. What is the difference between financial accounting and management accounting? | |
Ans. Financial accounting focuses on providing information to external stakeholders, such as investors and creditors, while management accounting focuses on providing information to internal stakeholders, such as managers and executives, for decision-making purposes.
| 3. How does the accounting equation (Assets = Liabilities + Equity) work? | |
Ans. The accounting equation represents the relationship between a company's assets, liabilities, and equity. It states that the total assets of a company are equal to the total liabilities plus the owner's equity. This equation must always be in balance.
| 4. What is the purpose of a trial balance in accounting? | |
Ans. A trial balance is a statement that lists all the general ledger accounts and their respective debit or credit balances. Its purpose is to ensure that the total debits equal the total credits, thus verifying the accuracy of the accounting records before preparing financial statements.
| 5. What are the different types of financial statements? | |
Ans. The different types of financial statements include the income statement, balance sheet, cash flow statement, and statement of changes in equity. These statements provide information about a company's financial performance, position, cash flows, and changes in owner's equity.
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