Sample Question Paper 3 - Accountancy, Class 11 | Sample Papers for Class 11 Commerce PDF Download

 Page 1


  
 
CBSE XI  | Accountancy 
Sample Paper ? 3 
 
     
 
CBSE 
Class XI Accountancy 
Sample Paper – 3 
Questions  
Time: 3 hours Max. Marks: 90 
  
General Instructions: 
1. All questions are compulsory.  
2. Show your working notes clearly. 
 
 
1. Is Accounting a Science or an Art?  [1] 
 
2. What is meant by a Cash Memo? [1] 
 
3. Why are the rules of Debit and Credit same for Liability and Capital?  [1] 
 
4. What do you mean by Posting? [1] 
 
5. Write any three objectives of Book-keeping.  [3] 
 
6. Rectify the following errors by passing entries:  [3] 
i. `2,000 received from Ramesh wrongly entered as from Suresh. 
ii. The Purchase Book was under cast by `300. 
iii. Total of Sales return was under cast by `500 
 
7. Distinguish between Cash Discount and Trade Discount?  [3] 
 
8. Explain Revenue Recognition and Verifiable objective concept of accounting. [3] 
 
9. Explain the purpose of creating provisions.  [4] 
 
10. Prepare Trial Balance from the following information: Bank overdraft `28,000, Cash in hand `4,000, 
Purchase return `8,000, Sundry expenses `24,000, Sales return `16,000, Salaries `16,000, Purchases 
`56,000, Sales `88,000, Creditors `24,000, Debtors `16,000, Stock (opening) `20,000, Machinery 
`40,000, Capital `44,000.  [4] 
 
11. Basu accepted a bill drawn by Nandu amounted to `4,000 and payable after four months. Nandu 
discounted it with banker @ 18% per annum. On the due date, bill was dishonoured. Bank paid `40 as 
noting charges. After one month Basu paid the amount due to Nandu. Pass Journal entries in the books of 
Nandu only.  [4] 
 
12. Prepare Single Column Cash Book of Vinod from the following transactions:  [4] 
Aug. 1 Business started with cash `10,000 
Aug. 2 Purchased goods for cash `6,000 
Aug. 5 Purchased furniture for office use `1,000. 
Aug. 7 Goods sold for cash `4,000. 
Aug. 9 Goods purchased from Ram on credit `4,000. 
Aug. 10 Commission received `500. 
Aug. 15 Paid to Ram `2,000. 
Page 2


  
 
CBSE XI  | Accountancy 
Sample Paper ? 3 
 
     
 
CBSE 
Class XI Accountancy 
Sample Paper – 3 
Questions  
Time: 3 hours Max. Marks: 90 
  
General Instructions: 
1. All questions are compulsory.  
2. Show your working notes clearly. 
 
 
1. Is Accounting a Science or an Art?  [1] 
 
2. What is meant by a Cash Memo? [1] 
 
3. Why are the rules of Debit and Credit same for Liability and Capital?  [1] 
 
4. What do you mean by Posting? [1] 
 
5. Write any three objectives of Book-keeping.  [3] 
 
6. Rectify the following errors by passing entries:  [3] 
i. `2,000 received from Ramesh wrongly entered as from Suresh. 
ii. The Purchase Book was under cast by `300. 
iii. Total of Sales return was under cast by `500 
 
7. Distinguish between Cash Discount and Trade Discount?  [3] 
 
8. Explain Revenue Recognition and Verifiable objective concept of accounting. [3] 
 
9. Explain the purpose of creating provisions.  [4] 
 
10. Prepare Trial Balance from the following information: Bank overdraft `28,000, Cash in hand `4,000, 
Purchase return `8,000, Sundry expenses `24,000, Sales return `16,000, Salaries `16,000, Purchases 
`56,000, Sales `88,000, Creditors `24,000, Debtors `16,000, Stock (opening) `20,000, Machinery 
`40,000, Capital `44,000.  [4] 
 
11. Basu accepted a bill drawn by Nandu amounted to `4,000 and payable after four months. Nandu 
discounted it with banker @ 18% per annum. On the due date, bill was dishonoured. Bank paid `40 as 
noting charges. After one month Basu paid the amount due to Nandu. Pass Journal entries in the books of 
Nandu only.  [4] 
 
12. Prepare Single Column Cash Book of Vinod from the following transactions:  [4] 
Aug. 1 Business started with cash `10,000 
Aug. 2 Purchased goods for cash `6,000 
Aug. 5 Purchased furniture for office use `1,000. 
Aug. 7 Goods sold for cash `4,000. 
Aug. 9 Goods purchased from Ram on credit `4,000. 
Aug. 10 Commission received `500. 
Aug. 15 Paid to Ram `2,000. 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 3 
 
     
 
Aug. 18 Goods sold to Hari on credit `5,000. 
Aug. 24 Received from Hari `4,000. 
Aug. 28 Stationery purchased `300 
Aug. 31 Rent paid `700 and withdrew for personal use `2,800. 
 
13. Vinod has the following transactions. Show accounting equation for the same:  [4] 
i. Commenced business with Cash `50,000; Stock `30,000 and Machinery `20,000. 
ii. Goods purchased on credit `10,000 
iii. Rent Received `5,000. 
iv. Sold goods costing `9,000 for Cash `12,000. 
 
14. Prepare a Bank Reconciliation Statement on 31 December 2009 for the following when overdraft as per 
pass book is `20,000: [6] 
i. Cheques issued, but not presented for payment `25,000. 
ii. Interest on bank overdraft charged by the bank, but not entered in cash book `1,000. 
iii. Cheque deposited but not collected `22,000. 
iv. Insurance premium `500 paid by bank under s standing order but not recorded in cash book. 
 
15. A company purchased on 1
st 
July, 2015 machinery costing `30,000. It further purchased machinery on 1
st
 
January, 2016 costing `20,000 and on 1
st
 October, 2016 costing `10,000. On 1
st
 April, 2017, one-third of 
the machinery installed on 1
st
 July, 2015 became obsolete and was sold for `3,000. 
The company follows financial year as accounting year. 
Show how the Machinery Account would appear in the books of company if depreciation is charged 
@10% p.a. on Written Down Value Method. [8] 
 
16. The amount paid to obtain license to carry out business is a Capital Expenditure or Revenue Expenditure?[1] 
 
17. What is meant by hardware component of a computer?  [1] 
 
18. Opening capital `1,40,000, profit for the year `40,000, drawings `14,000. During the year proprietor sold 
ornaments of his wife for `40,000 and invested the same in the business. Calculate closing capital. [3] 
 
19. From the following information, calculate the amount of subscriptions outstanding for the year 2008-
2009: A club has 250 members and each paying an annual subscription of `1,000. The Receipts and 
Payments account for the year showed a sum of `2,65,000 received as subscriptions. The following 
additional information is provided: Subscription outstanding on 31st March, 2008 `40,000 Subscription 
received in advance on 31st March, 2009 `30,000 Subscriptions received in advance on 31st March, 2008 
`12,00  [3] 
 
20. Vinod maintains his account on Single Entry System. Calculate his profit on 31st March, 2013 from the 
following information:  [6] 
Particulars 1 April 2012 31 March 2013 
Cash in hand 3,000 1,000 
Bank Balance 9,000 7,000 
Furniture 4,000 4,000 
Stock 2,000 6,000 
Creditors 8,000 6,000 
Debtors 6,000 8,000 
During the year his drawings were `2,000 and additional capital invested `4,000. 
 
Page 3


  
 
CBSE XI  | Accountancy 
Sample Paper ? 3 
 
     
 
CBSE 
Class XI Accountancy 
Sample Paper – 3 
Questions  
Time: 3 hours Max. Marks: 90 
  
General Instructions: 
1. All questions are compulsory.  
2. Show your working notes clearly. 
 
 
1. Is Accounting a Science or an Art?  [1] 
 
2. What is meant by a Cash Memo? [1] 
 
3. Why are the rules of Debit and Credit same for Liability and Capital?  [1] 
 
4. What do you mean by Posting? [1] 
 
5. Write any three objectives of Book-keeping.  [3] 
 
6. Rectify the following errors by passing entries:  [3] 
i. `2,000 received from Ramesh wrongly entered as from Suresh. 
ii. The Purchase Book was under cast by `300. 
iii. Total of Sales return was under cast by `500 
 
7. Distinguish between Cash Discount and Trade Discount?  [3] 
 
8. Explain Revenue Recognition and Verifiable objective concept of accounting. [3] 
 
9. Explain the purpose of creating provisions.  [4] 
 
10. Prepare Trial Balance from the following information: Bank overdraft `28,000, Cash in hand `4,000, 
Purchase return `8,000, Sundry expenses `24,000, Sales return `16,000, Salaries `16,000, Purchases 
`56,000, Sales `88,000, Creditors `24,000, Debtors `16,000, Stock (opening) `20,000, Machinery 
`40,000, Capital `44,000.  [4] 
 
11. Basu accepted a bill drawn by Nandu amounted to `4,000 and payable after four months. Nandu 
discounted it with banker @ 18% per annum. On the due date, bill was dishonoured. Bank paid `40 as 
noting charges. After one month Basu paid the amount due to Nandu. Pass Journal entries in the books of 
Nandu only.  [4] 
 
12. Prepare Single Column Cash Book of Vinod from the following transactions:  [4] 
Aug. 1 Business started with cash `10,000 
Aug. 2 Purchased goods for cash `6,000 
Aug. 5 Purchased furniture for office use `1,000. 
Aug. 7 Goods sold for cash `4,000. 
Aug. 9 Goods purchased from Ram on credit `4,000. 
Aug. 10 Commission received `500. 
Aug. 15 Paid to Ram `2,000. 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 3 
 
     
 
Aug. 18 Goods sold to Hari on credit `5,000. 
Aug. 24 Received from Hari `4,000. 
Aug. 28 Stationery purchased `300 
Aug. 31 Rent paid `700 and withdrew for personal use `2,800. 
 
13. Vinod has the following transactions. Show accounting equation for the same:  [4] 
i. Commenced business with Cash `50,000; Stock `30,000 and Machinery `20,000. 
ii. Goods purchased on credit `10,000 
iii. Rent Received `5,000. 
iv. Sold goods costing `9,000 for Cash `12,000. 
 
14. Prepare a Bank Reconciliation Statement on 31 December 2009 for the following when overdraft as per 
pass book is `20,000: [6] 
i. Cheques issued, but not presented for payment `25,000. 
ii. Interest on bank overdraft charged by the bank, but not entered in cash book `1,000. 
iii. Cheque deposited but not collected `22,000. 
iv. Insurance premium `500 paid by bank under s standing order but not recorded in cash book. 
 
15. A company purchased on 1
st 
July, 2015 machinery costing `30,000. It further purchased machinery on 1
st
 
January, 2016 costing `20,000 and on 1
st
 October, 2016 costing `10,000. On 1
st
 April, 2017, one-third of 
the machinery installed on 1
st
 July, 2015 became obsolete and was sold for `3,000. 
The company follows financial year as accounting year. 
Show how the Machinery Account would appear in the books of company if depreciation is charged 
@10% p.a. on Written Down Value Method. [8] 
 
16. The amount paid to obtain license to carry out business is a Capital Expenditure or Revenue Expenditure?[1] 
 
17. What is meant by hardware component of a computer?  [1] 
 
18. Opening capital `1,40,000, profit for the year `40,000, drawings `14,000. During the year proprietor sold 
ornaments of his wife for `40,000 and invested the same in the business. Calculate closing capital. [3] 
 
19. From the following information, calculate the amount of subscriptions outstanding for the year 2008-
2009: A club has 250 members and each paying an annual subscription of `1,000. The Receipts and 
Payments account for the year showed a sum of `2,65,000 received as subscriptions. The following 
additional information is provided: Subscription outstanding on 31st March, 2008 `40,000 Subscription 
received in advance on 31st March, 2009 `30,000 Subscriptions received in advance on 31st March, 2008 
`12,00  [3] 
 
20. Vinod maintains his account on Single Entry System. Calculate his profit on 31st March, 2013 from the 
following information:  [6] 
Particulars 1 April 2012 31 March 2013 
Cash in hand 3,000 1,000 
Bank Balance 9,000 7,000 
Furniture 4,000 4,000 
Stock 2,000 6,000 
Creditors 8,000 6,000 
Debtors 6,000 8,000 
During the year his drawings were `2,000 and additional capital invested `4,000. 
 
  
 
CBSE XI  | Accountancy 
Sample Paper ? 3 
 
     
 
21. Calculate value of Opening Stock from the following information: Cash sales `80,000; credit sales 
`3,30,000; sales return `10,000; Purchases `2,48,000; Purchase return `8,000; carriage inwards 
`16,000; closing stock `72,000; Rate of gross profit is 40% on sales. [6] 
22. Explain the Tailor-made software.  [6] 
 
23. From the following particulars, prepare Income and Expenditure Account on 31-12-2006:  [6]   
 
24. From the following Trial Balance of M/s.Vinod and Sons as on 31st March 2010, prepare Trading and 
Profit & Loss Account and Balance Sheet. [8]  
Particulars ` Particulars ` 
Cash at Bank 6,000 Capital 50,000 
Cash in hand 900 Sales 1,77,000 
Advertisement 2,000 Creditors 25,000 
Rent, Rates and Taxes 10,000 Rent Received 525 
Carriage on sales 1,200 Purchase Returns 750 
Carriage on purchase 750   
Manufacturing wages 10,000   
Salaries 6,000   
Sundry debtors 45,000   
Bank charges 75   
Discount 350   
Opening stock 30,000   
Returns 1,000   
Purchases 60,000   
Plant and machinery 60,000   
Loan to Ram 20,000   
Adjustments: 
i. Stock in hand at the end `35,000. 
ii. Charge 20% of the advertisement this year. 
iii. Charge interest on loan given to Ram @ 9% p.a. 
iv. Create 5% provision for bad and doubtful debts.