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 Page 1


 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
Half Yearly Exam 2014 
Accountancy 
Class – XI 
  
 Time allowed: 3 hours                                Maximum Marks: 100 
 
 General Instructions:  
(i) Answer the following questions. 
(ii) Q. No. 1 to 6 carrying 1 mark each. 
(iii) Q. No. 7 to 12 carrying 3 marks each. 
(iv) Q. No. 13 to 17 carrying 4 marks each. 
(v) Q. No. 18 to 22 carrying 6 marks each. 
(vi) Q. No. 23 to 25 carrying 8 marks each. 
 
 
1. Resignation by a Market Manager is not recorded in the books of accounts. Why? 
2. Name any two objectives of Accounting. 
3. Explain Consistency Convention. 
4. What do you understand by Posting? 
5. What is an Opening Entry? 
6. Define Accounting? 
7. Explain Double Entry System of Book Keeping. 
8. What are Fixed Assets? Give any two features. 
9. Differentiate between Trade and Cash Discounts. 
10. Explain Accounting Standards and give any three objectives. 
11. Classify the following as Assets, Liabilities, Expenses and Revenue Accounts. 
a) Investments 
b) Interest received 
c) Bank overdraft 
d) Depreciation 
e) Bad Debts 
f) Capital 
g) Goodwill 
h) Repairs 
i) Creditors 
j) Land 
k) Freight 
l) Bills payable 
12. On which side will the decrease in the following accounts will be recorded. 
a) Cash 
Page 2


 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
Half Yearly Exam 2014 
Accountancy 
Class – XI 
  
 Time allowed: 3 hours                                Maximum Marks: 100 
 
 General Instructions:  
(i) Answer the following questions. 
(ii) Q. No. 1 to 6 carrying 1 mark each. 
(iii) Q. No. 7 to 12 carrying 3 marks each. 
(iv) Q. No. 13 to 17 carrying 4 marks each. 
(v) Q. No. 18 to 22 carrying 6 marks each. 
(vi) Q. No. 23 to 25 carrying 8 marks each. 
 
 
1. Resignation by a Market Manager is not recorded in the books of accounts. Why? 
2. Name any two objectives of Accounting. 
3. Explain Consistency Convention. 
4. What do you understand by Posting? 
5. What is an Opening Entry? 
6. Define Accounting? 
7. Explain Double Entry System of Book Keeping. 
8. What are Fixed Assets? Give any two features. 
9. Differentiate between Trade and Cash Discounts. 
10. Explain Accounting Standards and give any three objectives. 
11. Classify the following as Assets, Liabilities, Expenses and Revenue Accounts. 
a) Investments 
b) Interest received 
c) Bank overdraft 
d) Depreciation 
e) Bad Debts 
f) Capital 
g) Goodwill 
h) Repairs 
i) Creditors 
j) Land 
k) Freight 
l) Bills payable 
12. On which side will the decrease in the following accounts will be recorded. 
a) Cash 
 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
b) Bank Overdraft 
c) Outstanding Salary Paid 
d) Prepaid Insurance 
e) Drawings 
f) Interest Received 
13. State the modern rules of Debit and Credit. 
14. Journalise the following entries: 
a) Goods worth Rs 500 taken by the proprietor for personal use. 
b) Received Rs 971 from Hari in full settlement of his account for Rs 1000. 
c) Received a dividend of 60 paise in a Rupee from Rajan, who owed us Rs 1000. 
d) Charged depreciation on plant Rs 1000. 
15. Explain the sub divisions of Journal. 
16. Pass the opening Journal Entry on the basis of the following information on 1
st
 April 2013 
and post them into Ledger Accounts. 
Cash in hand Rs 20,000 
Debtors Rs 60,000 
Stock of goods Rs 40,000 
Plants Rs 50,000 
Building Rs 1,00,000 
Creditors Rs 50,000 
17. Bring out the differences between Journal and Ledger. 
18. Prepare a simple cash book from the following transaction: 
2013         Rs. 
July 1
st
  Balance from last month    6,250 
July 3
rd
 Purchased goods for cash from Ram  4,250 
July 4
th
 Received cash from Amar    210 
July 9
th
 Paid trade expenses     146 
July 10
th
 Paid for Postage     15 
July 12
th
 Received from Kailas     1,500 
July 18
th
 Cash Purchases     1,415 
July 20
th
 Paid Rent      450 
July 22
nd
 Paid Balan on account Rs 250 less  
  10% discount      
July 23
rd
 Paid for furniture repair    50 
July 26
th
 Sold goods for cash     807 
July 31
st
 Drew cash for personal use    100 
19. Pass Journal Entries for the following transactions: 
a) Purchased goods from Vijay Rs 40,000 on 10% trade discount and 5% cash discount. Half 
of the amount was paid at the time of purchase. 
b) Sold goods to Anil Rs 20,000 allowed him 10% trade discount and 10% cash discount. 
Received half of the amount by cash and balance by Cheque. 
Page 3


 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
Half Yearly Exam 2014 
Accountancy 
Class – XI 
  
 Time allowed: 3 hours                                Maximum Marks: 100 
 
 General Instructions:  
(i) Answer the following questions. 
(ii) Q. No. 1 to 6 carrying 1 mark each. 
(iii) Q. No. 7 to 12 carrying 3 marks each. 
(iv) Q. No. 13 to 17 carrying 4 marks each. 
(v) Q. No. 18 to 22 carrying 6 marks each. 
(vi) Q. No. 23 to 25 carrying 8 marks each. 
 
 
1. Resignation by a Market Manager is not recorded in the books of accounts. Why? 
2. Name any two objectives of Accounting. 
3. Explain Consistency Convention. 
4. What do you understand by Posting? 
5. What is an Opening Entry? 
6. Define Accounting? 
7. Explain Double Entry System of Book Keeping. 
8. What are Fixed Assets? Give any two features. 
9. Differentiate between Trade and Cash Discounts. 
10. Explain Accounting Standards and give any three objectives. 
11. Classify the following as Assets, Liabilities, Expenses and Revenue Accounts. 
a) Investments 
b) Interest received 
c) Bank overdraft 
d) Depreciation 
e) Bad Debts 
f) Capital 
g) Goodwill 
h) Repairs 
i) Creditors 
j) Land 
k) Freight 
l) Bills payable 
12. On which side will the decrease in the following accounts will be recorded. 
a) Cash 
 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
b) Bank Overdraft 
c) Outstanding Salary Paid 
d) Prepaid Insurance 
e) Drawings 
f) Interest Received 
13. State the modern rules of Debit and Credit. 
14. Journalise the following entries: 
a) Goods worth Rs 500 taken by the proprietor for personal use. 
b) Received Rs 971 from Hari in full settlement of his account for Rs 1000. 
c) Received a dividend of 60 paise in a Rupee from Rajan, who owed us Rs 1000. 
d) Charged depreciation on plant Rs 1000. 
15. Explain the sub divisions of Journal. 
16. Pass the opening Journal Entry on the basis of the following information on 1
st
 April 2013 
and post them into Ledger Accounts. 
Cash in hand Rs 20,000 
Debtors Rs 60,000 
Stock of goods Rs 40,000 
Plants Rs 50,000 
Building Rs 1,00,000 
Creditors Rs 50,000 
17. Bring out the differences between Journal and Ledger. 
18. Prepare a simple cash book from the following transaction: 
2013         Rs. 
July 1
st
  Balance from last month    6,250 
July 3
rd
 Purchased goods for cash from Ram  4,250 
July 4
th
 Received cash from Amar    210 
July 9
th
 Paid trade expenses     146 
July 10
th
 Paid for Postage     15 
July 12
th
 Received from Kailas     1,500 
July 18
th
 Cash Purchases     1,415 
July 20
th
 Paid Rent      450 
July 22
nd
 Paid Balan on account Rs 250 less  
  10% discount      
July 23
rd
 Paid for furniture repair    50 
July 26
th
 Sold goods for cash     807 
July 31
st
 Drew cash for personal use    100 
19. Pass Journal Entries for the following transactions: 
a) Purchased goods from Vijay Rs 40,000 on 10% trade discount and 5% cash discount. Half 
of the amount was paid at the time of purchase. 
b) Sold goods to Anil Rs 20,000 allowed him 10% trade discount and 10% cash discount. 
Received half of the amount by cash and balance by Cheque. 
 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
c) Sold goods to Ajay for Rs 50,000 allowing 5% cash discount and 10% trade discount. Half 
of the amount was received by Cheque. 
20. Prove the Accounting Equation in the following transactions: 
a) Started business with cash Rs 10,000, building Rs 50,000 and furniture Rs 2,000 
b) Paid rent in advance Rs 300 
c) Purchased goods for cash Rs 5,000 and credit Rs 2,000 
d) Sold goods for cash Rs 8,000 costing Rs 7,000 
e) Paid salary Rs 450 and salary outstanding being Rs 100 
f) Bought motor cycle for personal use Rs 4,000 
21. Prepare a trial balance from the following information: 
Capital   2,00,000 
Bills payable  1,00,000 
Stock   70,000 
Bank Loan  1,50,000 
Bank Balance  1,80,000 
Sales   3,00,000 
Debtors  3,00,000 
Purchases  2,00,000 
22. Explain the following concepts. 
a) Realization concept 
b) Accrual concept 
c) Historical cost concept 
d) Materiality convention 
e) Matching concept 
f) Full Disclosure Principle 
Answer any two questions from the following. Each carries 8 marks. 
23. Journalise and post the following transaction into Ledger Accounts and prepare a Trial 
Balance. 
2013         Rs 
April 1
st
 Ramesh started business with cash   10,000 
April 2
nd
 Paid into bank     7,000 
April 3
rd
 Bought goods for cash    500 
April 4
th
 Drew a cash from bank for office use  100 
April 13
th
 Sold goods to Krishna on credit   150 
April 20
th
 Bought goods from Shyam    225 
April 24
th
 received from Krishna    145 
  Allowed him discount    5 
April 28
th
 Paid Shyam cash      215 
  Discount allowed     10 
April 30
th
  Cash sales      800 
April 30
th
 Paid salary      200 
Page 4


 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
Half Yearly Exam 2014 
Accountancy 
Class – XI 
  
 Time allowed: 3 hours                                Maximum Marks: 100 
 
 General Instructions:  
(i) Answer the following questions. 
(ii) Q. No. 1 to 6 carrying 1 mark each. 
(iii) Q. No. 7 to 12 carrying 3 marks each. 
(iv) Q. No. 13 to 17 carrying 4 marks each. 
(v) Q. No. 18 to 22 carrying 6 marks each. 
(vi) Q. No. 23 to 25 carrying 8 marks each. 
 
 
1. Resignation by a Market Manager is not recorded in the books of accounts. Why? 
2. Name any two objectives of Accounting. 
3. Explain Consistency Convention. 
4. What do you understand by Posting? 
5. What is an Opening Entry? 
6. Define Accounting? 
7. Explain Double Entry System of Book Keeping. 
8. What are Fixed Assets? Give any two features. 
9. Differentiate between Trade and Cash Discounts. 
10. Explain Accounting Standards and give any three objectives. 
11. Classify the following as Assets, Liabilities, Expenses and Revenue Accounts. 
a) Investments 
b) Interest received 
c) Bank overdraft 
d) Depreciation 
e) Bad Debts 
f) Capital 
g) Goodwill 
h) Repairs 
i) Creditors 
j) Land 
k) Freight 
l) Bills payable 
12. On which side will the decrease in the following accounts will be recorded. 
a) Cash 
 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
b) Bank Overdraft 
c) Outstanding Salary Paid 
d) Prepaid Insurance 
e) Drawings 
f) Interest Received 
13. State the modern rules of Debit and Credit. 
14. Journalise the following entries: 
a) Goods worth Rs 500 taken by the proprietor for personal use. 
b) Received Rs 971 from Hari in full settlement of his account for Rs 1000. 
c) Received a dividend of 60 paise in a Rupee from Rajan, who owed us Rs 1000. 
d) Charged depreciation on plant Rs 1000. 
15. Explain the sub divisions of Journal. 
16. Pass the opening Journal Entry on the basis of the following information on 1
st
 April 2013 
and post them into Ledger Accounts. 
Cash in hand Rs 20,000 
Debtors Rs 60,000 
Stock of goods Rs 40,000 
Plants Rs 50,000 
Building Rs 1,00,000 
Creditors Rs 50,000 
17. Bring out the differences between Journal and Ledger. 
18. Prepare a simple cash book from the following transaction: 
2013         Rs. 
July 1
st
  Balance from last month    6,250 
July 3
rd
 Purchased goods for cash from Ram  4,250 
July 4
th
 Received cash from Amar    210 
July 9
th
 Paid trade expenses     146 
July 10
th
 Paid for Postage     15 
July 12
th
 Received from Kailas     1,500 
July 18
th
 Cash Purchases     1,415 
July 20
th
 Paid Rent      450 
July 22
nd
 Paid Balan on account Rs 250 less  
  10% discount      
July 23
rd
 Paid for furniture repair    50 
July 26
th
 Sold goods for cash     807 
July 31
st
 Drew cash for personal use    100 
19. Pass Journal Entries for the following transactions: 
a) Purchased goods from Vijay Rs 40,000 on 10% trade discount and 5% cash discount. Half 
of the amount was paid at the time of purchase. 
b) Sold goods to Anil Rs 20,000 allowed him 10% trade discount and 10% cash discount. 
Received half of the amount by cash and balance by Cheque. 
 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
c) Sold goods to Ajay for Rs 50,000 allowing 5% cash discount and 10% trade discount. Half 
of the amount was received by Cheque. 
20. Prove the Accounting Equation in the following transactions: 
a) Started business with cash Rs 10,000, building Rs 50,000 and furniture Rs 2,000 
b) Paid rent in advance Rs 300 
c) Purchased goods for cash Rs 5,000 and credit Rs 2,000 
d) Sold goods for cash Rs 8,000 costing Rs 7,000 
e) Paid salary Rs 450 and salary outstanding being Rs 100 
f) Bought motor cycle for personal use Rs 4,000 
21. Prepare a trial balance from the following information: 
Capital   2,00,000 
Bills payable  1,00,000 
Stock   70,000 
Bank Loan  1,50,000 
Bank Balance  1,80,000 
Sales   3,00,000 
Debtors  3,00,000 
Purchases  2,00,000 
22. Explain the following concepts. 
a) Realization concept 
b) Accrual concept 
c) Historical cost concept 
d) Materiality convention 
e) Matching concept 
f) Full Disclosure Principle 
Answer any two questions from the following. Each carries 8 marks. 
23. Journalise and post the following transaction into Ledger Accounts and prepare a Trial 
Balance. 
2013         Rs 
April 1
st
 Ramesh started business with cash   10,000 
April 2
nd
 Paid into bank     7,000 
April 3
rd
 Bought goods for cash    500 
April 4
th
 Drew a cash from bank for office use  100 
April 13
th
 Sold goods to Krishna on credit   150 
April 20
th
 Bought goods from Shyam    225 
April 24
th
 received from Krishna    145 
  Allowed him discount    5 
April 28
th
 Paid Shyam cash      215 
  Discount allowed     10 
April 30
th
  Cash sales      800 
April 30
th
 Paid salary      200 
 
 
 
Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 
Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks 
24. Journalise, post them into Ledger Accounts and prepare a Trial Balance. 
2013         Rs 
Jan 1
st
  John started business with cash   50,000 
Jan 2
nd
  Purchased goods for cash    10,000 
Jan 5
th
  Purchased goods from Mohan   6,000 
Jan 7
th
  Paid into bank     5,000 
Jan 10
th
 Purchased furniture     2,000 
Jan 15
th
 Sold goods for each     7,000 
Jan 20
th
 Sold goods to Ram     5,000 
Jan 25
th
 Cash sales      3,500 
Jan 27
th
 Paid Mohan on account    3,000 
Jan 28
th
 Paid salaries      1200 
Jan 31
st
 rejected and returned 10% of goods    
supplied by Mohan 
25. Journalise, post them into Ledger Accounts and prepare a Trial Balance. 
2013         Rs 
March 1
st
 Rajan commenced business with cash  30,000 
March 2
nd
  Paid into bank     21,000 
March 3
rd
 Purchased goods     1,500 
March 7
th
 Drew cash from bank for office use   3,000 
March 10
th
 Sold goods to Hari     1,000 
March 15
th
 Purchased goods from Shyam   1,500 
March 20
th
 Cash Sales      3,000 
March 25
th
 Paid to Shyam     1,475 
  Discount allowed     25 
March 26
th
 Paid salaries      1,000 
March 31
st
 Goods (costing Rs 200, Sales price Rs 250) 
taken by the proprietor for personal use 
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FAQs on Accountancy Sample Paper class 11 SA1

1. What are the topics covered in the Accountancy Sample Paper class 11 SA1 exam?
Ans. The Accountancy Sample Paper class 11 SA1 exam covers topics such as accounting principles, financial statements, cash flow statements, trial balance, and financial ratios.
2. How can I prepare for the Accountancy Sample Paper class 11 SA1 exam?
Ans. To prepare for the Accountancy Sample Paper class 11 SA1 exam, you can start by understanding the basic accounting principles and concepts. You can also practice solving previous year question papers and sample papers. Additionally, you can refer to textbooks and study materials recommended by your teacher.
3. What is the duration of the Accountancy Sample Paper class 11 SA1 exam?
Ans. The duration of the Accountancy Sample Paper class 11 SA1 exam is typically 3 hours. However, the exact duration may vary depending on your school or board.
4. What is the passing criteria for the Accountancy Sample Paper class 11 SA1 exam?
Ans. The passing criteria for the Accountancy Sample Paper class 11 SA1 exam may vary depending on your school or board. However, generally, you need to score at least 33% marks in the exam to pass.
5. What are some important tips to keep in mind while writing the Accountancy Sample Paper class 11 SA1 exam?
Ans. Some important tips to keep in mind while writing the Accountancy Sample Paper class 11 SA1 exam include reading the questions thoroughly, managing time effectively, showing all calculations and workings, using proper accounting terminology, and presenting the answer in a neat and organized manner.
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