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Class 11 Accountancy Previous Year Paper -1
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Page 1 Roll No. Time allowed : 3 hours General Instructions : 1. 2. 3. 4. 5. 7. 1 Acc CLASS-XI 6. Nothing should be written on the question paper. Scheme of choice : Question Paper is divided into two parts. Part-A (56 marks) and Part-B (24 marks). Both parts are compulsory. All parts of the question should be attempted at one place. ACCOUNTANCY (055) Write down the question number clearly before attempting the question. 25% of the marks allotted to the question would be deducted for not using correct format, narrations and working notes. Please check that this question paper contains 34 questions and 20 printed pages. (iii) 4 Mark - 1 question (1 from unit 2) (a) (b) Code : 1124-25 ACCT-A (i) 1 Mark -7 questions (2 from unit 1, 4 from unit 2 and 1 from unit 3) (ii) 3 Mark - 2 questions (1 from unit 1 and 1 from unit 2) (c) (d) (iy) 6 Mark - 2 questions (1 from unit 2 and 1 from unit 3) Maximum Marks : 80 Part-A Which of the following is not the objective of Accounting Standards? 1 To ensure uniformity in the preparation and presentation of financial statements. To ensure consistency, transparency and comparability of financial statements. To ensure the effect of diverse accounting policies and practices. To improve the reliability and credibility of financial statements. 1 Page 2 Roll No. Time allowed : 3 hours General Instructions : 1. 2. 3. 4. 5. 7. 1 Acc CLASS-XI 6. Nothing should be written on the question paper. Scheme of choice : Question Paper is divided into two parts. Part-A (56 marks) and Part-B (24 marks). Both parts are compulsory. All parts of the question should be attempted at one place. ACCOUNTANCY (055) Write down the question number clearly before attempting the question. 25% of the marks allotted to the question would be deducted for not using correct format, narrations and working notes. Please check that this question paper contains 34 questions and 20 printed pages. (iii) 4 Mark - 1 question (1 from unit 2) (a) (b) Code : 1124-25 ACCT-A (i) 1 Mark -7 questions (2 from unit 1, 4 from unit 2 and 1 from unit 3) (ii) 3 Mark - 2 questions (1 from unit 1 and 1 from unit 2) (c) (d) (iy) 6 Mark - 2 questions (1 from unit 2 and 1 from unit 3) Maximum Marks : 80 Part-A Which of the following is not the objective of Accounting Standards? 1 To ensure uniformity in the preparation and presentation of financial statements. To ensure consistency, transparency and comparability of financial statements. To ensure the effect of diverse accounting policies and practices. To improve the reliability and credibility of financial statements. 1 - 2. 3. 4A. Acc Which of the following statement is incorrect about GST ? (a) GST does not have cascading effect. (b) (c) (d) refers to the practice of manipulation of accounts to present a more favourable position of the business than the actual position. Identify one of limitation of Accounting from the above statement. (a) (c) (d) 25 (b) Ignores effect of Price Level Changes GST paid is termed as Output GST and GST collected as Input GST. GST paid is termed as Input GST and GST collected as Output GST. GST is a comprehensive Indirect Tax. (c) Accounting is not fully exact are : Affected by Window Dressing means decision-makers must interpret accounting information in the same sense as it is prepared and conveyed to them. The qualities that distinguish between good and bad communication in a message are fundametal to the (a) Relevancy and Understandability (a) Ignores the Price Level Changes (b) Reliability and Comparability (c) of the message. (d) Understandability and Understandability Comparability and Consistency 4B. The primary qualities that make accounting information useful for decision-making (b) Reliability and Comparability Relevance and freedom from bias OR Comparalbility and Consistency (d) Understandability 2 1 1 1 1 Page 3 Roll No. Time allowed : 3 hours General Instructions : 1. 2. 3. 4. 5. 7. 1 Acc CLASS-XI 6. Nothing should be written on the question paper. Scheme of choice : Question Paper is divided into two parts. Part-A (56 marks) and Part-B (24 marks). Both parts are compulsory. All parts of the question should be attempted at one place. ACCOUNTANCY (055) Write down the question number clearly before attempting the question. 25% of the marks allotted to the question would be deducted for not using correct format, narrations and working notes. Please check that this question paper contains 34 questions and 20 printed pages. (iii) 4 Mark - 1 question (1 from unit 2) (a) (b) Code : 1124-25 ACCT-A (i) 1 Mark -7 questions (2 from unit 1, 4 from unit 2 and 1 from unit 3) (ii) 3 Mark - 2 questions (1 from unit 1 and 1 from unit 2) (c) (d) (iy) 6 Mark - 2 questions (1 from unit 2 and 1 from unit 3) Maximum Marks : 80 Part-A Which of the following is not the objective of Accounting Standards? 1 To ensure uniformity in the preparation and presentation of financial statements. To ensure consistency, transparency and comparability of financial statements. To ensure the effect of diverse accounting policies and practices. To improve the reliability and credibility of financial statements. 1 - 2. 3. 4A. Acc Which of the following statement is incorrect about GST ? (a) GST does not have cascading effect. (b) (c) (d) refers to the practice of manipulation of accounts to present a more favourable position of the business than the actual position. Identify one of limitation of Accounting from the above statement. (a) (c) (d) 25 (b) Ignores effect of Price Level Changes GST paid is termed as Output GST and GST collected as Input GST. GST paid is termed as Input GST and GST collected as Output GST. GST is a comprehensive Indirect Tax. (c) Accounting is not fully exact are : Affected by Window Dressing means decision-makers must interpret accounting information in the same sense as it is prepared and conveyed to them. The qualities that distinguish between good and bad communication in a message are fundametal to the (a) Relevancy and Understandability (a) Ignores the Price Level Changes (b) Reliability and Comparability (c) of the message. (d) Understandability and Understandability Comparability and Consistency 4B. The primary qualities that make accounting information useful for decision-making (b) Reliability and Comparability Relevance and freedom from bias OR Comparalbility and Consistency (d) Understandability 2 1 1 1 1 5A. Angad gives following information about his income and expenses for the year ended 31st March, 2024 : Expenses paid Acc Expenses paid in advance (included in above mentioned) 1,60,000) Expenses not yet paid Income received Income received in advance (included in above mentioned 2,40,000) Income not yet received Determine his income if he adopts Cash Basis of Accounting. (a) 7 94,000 (c) 7 80,000 31st March, 2024 : Expenses paid Expenses not yet paid Income received (b) Expenses paid in advance (included in 1,60,000) Income not yet received (d) 40,000 OR 5B. Jayesh gives following information about his income and expenses for the year ended (a) 7 74,000 3,04,000 Income received in advance (included in 2,40,000) (c) Z 80,000 (b) 94,000 (d) 60,000 3 1,60,000 Determine his income if he adopts Accrual Basis of Accounting. 40,000 20,000 1,60,000 2,40,000 2,40,000 30,000 40,000 20,000 24,000 30,000 24,000 1 Page 4 Roll No. Time allowed : 3 hours General Instructions : 1. 2. 3. 4. 5. 7. 1 Acc CLASS-XI 6. Nothing should be written on the question paper. Scheme of choice : Question Paper is divided into two parts. Part-A (56 marks) and Part-B (24 marks). Both parts are compulsory. All parts of the question should be attempted at one place. ACCOUNTANCY (055) Write down the question number clearly before attempting the question. 25% of the marks allotted to the question would be deducted for not using correct format, narrations and working notes. Please check that this question paper contains 34 questions and 20 printed pages. (iii) 4 Mark - 1 question (1 from unit 2) (a) (b) Code : 1124-25 ACCT-A (i) 1 Mark -7 questions (2 from unit 1, 4 from unit 2 and 1 from unit 3) (ii) 3 Mark - 2 questions (1 from unit 1 and 1 from unit 2) (c) (d) (iy) 6 Mark - 2 questions (1 from unit 2 and 1 from unit 3) Maximum Marks : 80 Part-A Which of the following is not the objective of Accounting Standards? 1 To ensure uniformity in the preparation and presentation of financial statements. To ensure consistency, transparency and comparability of financial statements. To ensure the effect of diverse accounting policies and practices. To improve the reliability and credibility of financial statements. 1 - 2. 3. 4A. Acc Which of the following statement is incorrect about GST ? (a) GST does not have cascading effect. (b) (c) (d) refers to the practice of manipulation of accounts to present a more favourable position of the business than the actual position. Identify one of limitation of Accounting from the above statement. (a) (c) (d) 25 (b) Ignores effect of Price Level Changes GST paid is termed as Output GST and GST collected as Input GST. GST paid is termed as Input GST and GST collected as Output GST. GST is a comprehensive Indirect Tax. (c) Accounting is not fully exact are : Affected by Window Dressing means decision-makers must interpret accounting information in the same sense as it is prepared and conveyed to them. The qualities that distinguish between good and bad communication in a message are fundametal to the (a) Relevancy and Understandability (a) Ignores the Price Level Changes (b) Reliability and Comparability (c) of the message. (d) Understandability and Understandability Comparability and Consistency 4B. The primary qualities that make accounting information useful for decision-making (b) Reliability and Comparability Relevance and freedom from bias OR Comparalbility and Consistency (d) Understandability 2 1 1 1 1 5A. Angad gives following information about his income and expenses for the year ended 31st March, 2024 : Expenses paid Acc Expenses paid in advance (included in above mentioned) 1,60,000) Expenses not yet paid Income received Income received in advance (included in above mentioned 2,40,000) Income not yet received Determine his income if he adopts Cash Basis of Accounting. (a) 7 94,000 (c) 7 80,000 31st March, 2024 : Expenses paid Expenses not yet paid Income received (b) Expenses paid in advance (included in 1,60,000) Income not yet received (d) 40,000 OR 5B. Jayesh gives following information about his income and expenses for the year ended (a) 7 74,000 3,04,000 Income received in advance (included in 2,40,000) (c) Z 80,000 (b) 94,000 (d) 60,000 3 1,60,000 Determine his income if he adopts Accrual Basis of Accounting. 40,000 20,000 1,60,000 2,40,000 2,40,000 30,000 40,000 20,000 24,000 30,000 24,000 1 6. 7. Acc Identify the source document/Voucher from the given picture: (a) Voucher No S.No. Options : S.No. D. Authorised By : (c) Complex voucher (a) Debit voucher Match the following : A. Credit note Code B. Debit note Code C. Cash book Column1 Options : A-1, B-2, C-4, D-3 (c) A-2, B-1, C-4, D-3 Name of Firm : Debit Accounts Account Name Account Name Credit Accounts 1. Depreciation charged on Machinery 4. 2. Voucher 3. Amount (b) Journal voucher (d) Both (b) & (c) 4 Amount (b) (d) Narration (i.e. Expanation) Narration (i.e. Expanation) Prepared By : Column 2 Date : Prepared by Customer Prepared by Supplier Transfer Voucher Both principal and subsidiaries book A-1, B-4, C-1, D-2 A-2, B-1, C-3, D-4 1 1 Page 5 Roll No. Time allowed : 3 hours General Instructions : 1. 2. 3. 4. 5. 7. 1 Acc CLASS-XI 6. Nothing should be written on the question paper. Scheme of choice : Question Paper is divided into two parts. Part-A (56 marks) and Part-B (24 marks). Both parts are compulsory. All parts of the question should be attempted at one place. ACCOUNTANCY (055) Write down the question number clearly before attempting the question. 25% of the marks allotted to the question would be deducted for not using correct format, narrations and working notes. Please check that this question paper contains 34 questions and 20 printed pages. (iii) 4 Mark - 1 question (1 from unit 2) (a) (b) Code : 1124-25 ACCT-A (i) 1 Mark -7 questions (2 from unit 1, 4 from unit 2 and 1 from unit 3) (ii) 3 Mark - 2 questions (1 from unit 1 and 1 from unit 2) (c) (d) (iy) 6 Mark - 2 questions (1 from unit 2 and 1 from unit 3) Maximum Marks : 80 Part-A Which of the following is not the objective of Accounting Standards? 1 To ensure uniformity in the preparation and presentation of financial statements. To ensure consistency, transparency and comparability of financial statements. To ensure the effect of diverse accounting policies and practices. To improve the reliability and credibility of financial statements. 1 - 2. 3. 4A. Acc Which of the following statement is incorrect about GST ? (a) GST does not have cascading effect. (b) (c) (d) refers to the practice of manipulation of accounts to present a more favourable position of the business than the actual position. Identify one of limitation of Accounting from the above statement. (a) (c) (d) 25 (b) Ignores effect of Price Level Changes GST paid is termed as Output GST and GST collected as Input GST. GST paid is termed as Input GST and GST collected as Output GST. GST is a comprehensive Indirect Tax. (c) Accounting is not fully exact are : Affected by Window Dressing means decision-makers must interpret accounting information in the same sense as it is prepared and conveyed to them. The qualities that distinguish between good and bad communication in a message are fundametal to the (a) Relevancy and Understandability (a) Ignores the Price Level Changes (b) Reliability and Comparability (c) of the message. (d) Understandability and Understandability Comparability and Consistency 4B. The primary qualities that make accounting information useful for decision-making (b) Reliability and Comparability Relevance and freedom from bias OR Comparalbility and Consistency (d) Understandability 2 1 1 1 1 5A. Angad gives following information about his income and expenses for the year ended 31st March, 2024 : Expenses paid Acc Expenses paid in advance (included in above mentioned) 1,60,000) Expenses not yet paid Income received Income received in advance (included in above mentioned 2,40,000) Income not yet received Determine his income if he adopts Cash Basis of Accounting. (a) 7 94,000 (c) 7 80,000 31st March, 2024 : Expenses paid Expenses not yet paid Income received (b) Expenses paid in advance (included in 1,60,000) Income not yet received (d) 40,000 OR 5B. Jayesh gives following information about his income and expenses for the year ended (a) 7 74,000 3,04,000 Income received in advance (included in 2,40,000) (c) Z 80,000 (b) 94,000 (d) 60,000 3 1,60,000 Determine his income if he adopts Accrual Basis of Accounting. 40,000 20,000 1,60,000 2,40,000 2,40,000 30,000 40,000 20,000 24,000 30,000 24,000 1 6. 7. Acc Identify the source document/Voucher from the given picture: (a) Voucher No S.No. Options : S.No. D. Authorised By : (c) Complex voucher (a) Debit voucher Match the following : A. Credit note Code B. Debit note Code C. Cash book Column1 Options : A-1, B-2, C-4, D-3 (c) A-2, B-1, C-4, D-3 Name of Firm : Debit Accounts Account Name Account Name Credit Accounts 1. Depreciation charged on Machinery 4. 2. Voucher 3. Amount (b) Journal voucher (d) Both (b) & (c) 4 Amount (b) (d) Narration (i.e. Expanation) Narration (i.e. Expanation) Prepared By : Column 2 Date : Prepared by Customer Prepared by Supplier Transfer Voucher Both principal and subsidiaries book A-1, B-4, C-1, D-2 A-2, B-1, C-3, D-4 1 1Read More
FAQs on Class 11 Accountancy Previous Year Paper -1
| 1. What topics usually come in Class 11 Accountancy board exams based on previous year papers? |  |
Ans. Previous year papers reveal that CBSE Class 11 Accountancy consistently tests journal entries, ledger posting, trial balance preparation, bank reconciliation statements, and depreciation calculations. Students should focus on fundamental accounting concepts like the double-entry bookkeeping system, classification of accounts, and preparation of financial statements. Refer to mind maps and flashcards on EduRev to identify recurring question patterns and high-weightage topics that appear frequently across multiple examination years.
| 2. How much time should I spend solving previous year questions to score better in my Accountancy exam? | |
Ans. Solving previous year papers helps identify question formats, marking schemes, and time management strategies essential for scoring well. Students typically benefit from attempting at least 3-5 complete papers under exam-like conditions to build confidence and accuracy. Focus on understanding common mistakes in journal posting, ledger balancing, and financial statement preparation. Use worksheets and detailed solutions available to track improvement and refine weak areas before the final examination.
| 3. Why do I keep making errors in journal entries and ledger accounts when solving previous year Accountancy questions? | |
Ans. Common errors stem from misunderstanding the debit-credit rules for different account types and forgetting to record both sides of a transaction. Students often confuse asset accounts with liability accounts, leading to incorrect postings in ledger accounts. Review the fundamental principles of double-entry bookkeeping and practise narration writing for each journal entry. Using flashcards on accounting rules and attempting MCQ tests helps reinforce these concepts before attempting complex previous year problems.
| 4. What's the difference between a trial balance and a balance sheet, and how are both tested in CBSE previous year papers? | |
Ans. A trial balance verifies the arithmetical accuracy of ledger accounts by listing all debit and credit balances, while a balance sheet presents the financial position of a business on a specific date. Trial balance preparation is tested through calculations and error identification, whereas balance sheet questions require proper classification of assets, liabilities, and capital. Previous year papers emphasize understanding when and why these statements are prepared differently in accounting practice.
| 5. Which accounting concepts appear most frequently in Class 11 previous year question papers, and how should I prepare for them? | |
Ans. Recurring topics include bank reconciliation statements, depreciation methods (straight-line and diminishing balance), correction of errors, and preparation of financial statements from trial balances. These concepts demand both computational accuracy and conceptual clarity. Students should practise multiple variations of each question type to understand different scenarios. Refer to detailed notes, PPTs, and visual worksheets available to master these high-frequency topics and improve retention of accounting standards tested repeatedly.
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Document Description: Class 11 Accountancy Previous Year Paper -1 for Commerce 2026 is part of Accountancy Class 11 preparation. The notes and questions for Class 11 Accountancy Previous Year Paper -1 have been prepared according to the Commerce exam syllabus. Information about Class 11 Accountancy Previous Year Paper -1 covers topics like and Class 11 Accountancy Previous Year Paper -1 Example, for Commerce 2026 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Class 11 Accountancy Previous Year Paper -1.
Introduction of Class 11 Accountancy Previous Year Paper -1 in English is available as part of our Accountancy Class 11 for Commerce & Class 11 Accountancy Previous Year Paper -1 in Hindi for Accountancy Class 11 course. Download more important topics related with notes, lectures and mock test series for Commerce Exam by signing up for free. Commerce: Class 11 Accountancy Previous Year Paper -1
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