CBSE

Sample Paper 15
CLASS 11 - ACCOUNTANCY

Time Allowed : 180 mins Maximum Marks : 80

General Instructions:

1. This question paper contains 34 questions. All questions are compulsory.

2. This question paper is divided into two parts, Part A and B.

3. Question 1 to 17 and 27 to 29 carries 1 mark each.

4. Questions 18 to 20 and 30 to 32 carries 3 marks each.

5. Questions from 21 to 23 carries 4 marks each.

6. Questions from 24 to 26, 33 and 34 carries 6 marks each.

Part A

1 Which of the following details is usually provided on the source documents? [1]
a) All of these

b) Date

c) Nature of transaction

d) Parties involved

2 Assertion (A): Qualitative aspects of the business unit are completely ignored [1]
from the books while preparing financial statements.
Reason (R): Window dressing refers to the practice of manipulating accounts so
as to conceal vital facts, so that the financial statements may disclose a more
favourable position than the actual position.

a) Both A and R are true and R is the correct explanation of A.

b) Both A and R are true but R is not the correct explanation of A.

c) A is true but R is false.

d) A is false but R is true.

3 Rule of Debit and Credit for Impersonal account is [1]
a) Dr. the receiver and Cr. the giver

b) Dr. all expenses and Cr. all gains&Dr. what goes out and Cr. what comes in

c) Dr. all expenses and Cr. all gains

d) Dr. what goes out and Cr. what comes in

4 If the Owner’s Equity is 20,000 and Creditors Equity is 40,000. What will be the [1]
assets of the firm?

a) 80000

b) 60000
c) 40000

d) 20000

OR

For which of the following transactions, capital account will be increased and
decreased by the same amount?

a) Interest on drawings provided

b) Income received in advance

c) Bad debts on the insolvency of a debtor

d) Outstanding expenses paid

5 Which of the following source documents is used for depositing cash or cheques [1]
into bank?

a) Pay note

b) Counterfoil

c) Cash slip

d) Pay - in - slip

6 Which of these concepts is a process of giving and take with the event as the end [1]
result of it?

a) Measurement

b) Financial information
 c) Communication

d) Transactions

OR

What accounting method is followed for the recording of transactions?

a) Single entry system

b) Double Entry System

c) Chronological system

d) Cash Basis System

7 Features of reserves are: [1]

a) It is created out of divisible profits

b) Their creation is voluntary

c) All of these

d) They are available for distribution as dividends

8 Which account will be debited if proprietor pays₹ 5,000 as life insurance [1]
premium from business cash?

a) Bank A/c

b) Drawings A/c

c) Cash A/c

d) Insurance A/c

OR

Which of the following is not a type of personal account?

a) Ram’s A/c

b) Investment A/c

c) SBI Bank A/c

d) Atul’s Capital A/c

9 According to the Business Entity Concept: [1]

1. transactions between the business and its owners are not recorded.
 2. transactions between the business and its owners are recorded
considering them to be one single entity.

3. transactions between the business and its owners are recorded from the
business point of view.

4. None of these

a) Statement (c) is correct

b) Statement (d) is correct

c) Statement (a) is correct

d) Statement (b) is correct

10 The accounting principle that conforms to the tendency of accountants to resolve [1]
uncertainty and doubt in favour of understanding assets and revenues and
overstating liabilities and expenses is known as

a) Consistency

b) Conservatism

c) Materiality

d) Industry practice

11 ________ reserve may or may not involve any receipts of cash. [1]
a) Revenue

b) Specific

c) General

d) Capital

12 The term current assets include: [1]

a) Building

b) Machinery

c) Debtors

d) Motor Vehicle

13 Opening entry is recorded: [1]

a) anytime during the year.
 b) at the closing of the accounting year

c) in the middle of the accounting year

d) at the beginning of the accounting year

14 Voucher is prepared for: [1]

a) Cash/Credit purchase

b) Cash received and paid

c) All of these

d) Cash/Credit sales

15 Any expenditure, the full benefit of which is received during one accounting [1]
period is termed as:

a) Capital Expenditure

b) Current Liability

c) Current Asset

d) Revenue Expenditure

OR

Current assets do not include

Stock, Short term investment, Prepaid expenses, Unearned income

a) Prepaid expenses

b) Short term investment

c) Stock

d) Unearned income

16 Transactions that cannot be recorded in any special journal are recorded in [1]
journal called the ________.

a) Journal

b) Cash book

c) Ledger

d) Journal proper
17 Reserve created for maintaining a stable rate of dividend is termed as [1]
a) Specific Reserves

b) Capital Reserves

c) General Reserves

d) Dividend equalization fund

18 A ledger provides a number of utilities. List any three such utilities. [3]
OR

Journalise the following transactions:

1. Sold goods to Raman of the list price of₹ 10,000 at a trade discount of 5%.
Received full payment in cash.

2. Goods are given away as charity₹ 1,000.

3. Charge interest on capital of₹ 5,00,000 @ 7% p.a.

4. Outstanding wages₹ 3,000.

5. ₹ 5,000 due from Sunny are now bad debts.

6. ₹ 50,000 cash sales (of goods costing ₹ 40,000).

19 Explain the accounting principle of matching. [3]

OR

Differentiate between Cash Basis of accounting and Accrual Basis of accounting

on the basis of timing of recording of an income.

20 Distinguish between debtors and creditors; profit and gain. [3]

21 From the following Ledger Balances draw up the Trial Balance: [4]
22 Enter the following transactions of M/S Rama Prasad in Cash Book: [4]

23 On 31st March, 2023, Bank Statement of Gopal shows credit balance of₹ 33,570 [4]
whereas Cash Book showed debit balance of ₹ 53,000.

It was observed that the differences were because of the following:

1. Cheques and drafts sent to the bank but not collected and credited,
amounted to₹ 7,900 while cheque for ₹ 2,000 was received unpaid.

2. Three cheques drawn for₹ 3,000; ₹ 1,500 and ₹ 2,000 respectively were
not presented for payment till 30th April, 2023.

3. Bank has paid a cheque of₹ 10,000 but it has not been entered in the Cash
Book and a cheque of ₹ 5,000 which was discounted with the bank was
dishonoured by the drawee on the due date.
4. Bank has charged₹ 130 as its commission for collecting outstation
 cheques and had credited an interest of ₹ 100 in the account.

5. A wrong debit of₹ 5,000 was made by the bank, which was reversed on
4th April, 2023. Prepare Bank Reconciliation Statement as on 31st March,
2023.

OR
The Cash Book of Mr. Sharma showed a balance, of 3,560 as on 31st Dec. 2013 at
the bank whereas Pass Book showed a balance of Rs. 4,230. Comparison of the
Cash Book and Pass Book revealed the following:
1. The Bank has debited Mr. Sharma With Rs. 460, the annual premium of his
life Policy according to his standing instructions and Rs. 20 as Bank
charges.
2. Mr. Sharma paid into the Bank cheques totalling Rs. 3,100 on Dec. 26,
2013 of which those for Rs. 2,500 were collected in December. One cheque
for Rs. 200 was returned dishonoured on 2nd Jan. 2014.

3. The Bank has credited Mr. Sharma by Rs. 1,600, the proceeds of a bill.

4. Cash collected, on 31st Dec. 2013 totalling Rs. 850 was entered in the Cash
Book in the Bank column on the same date but banked on 2.1.2014.

5. Mr. Sharma issued cheques totalling Rs. 2,300 in the month of Dec. out of
which cheques for Rs. 1,000 have not been presented for payment for
payment till 31st Dec.

24 Record the following transactions in the Journal of Arun: [6]

OR

Enter the following transactions in the Journal of Govind:

25 There was a difference of₹ 430 in a Trial Balance. It was placed on the Debit side [6]
of a Suspense A/c. Later on, the following errors were discovered. Pass rectifying
entries and prepare Suspense A/c.

1. Purchases book was overcast by₹ 100

2. Sales book was overcast by₹ 1,000

3. Goods for₹ 800 purchased from Vinay, though entered in the purchase
book, has not been posted to his account.

4. An amount of₹ 500 has been posted to the credit side of the commission
account instead of ₹ 570

5. Goods sold to Divya for₹ 4,400 has been posted to her account as ₹ 4,000

6. Goods sold to X for₹ 750 were recorded in the purchase book.

OR
Rectify the following errors which were detected before preparing the Trial
Balance:
1. The total of Sales Book carried forward₹ 5,000 less.
 2. A credit sale to Geeta₹ 6,300 posted as ₹ 3,600.

3. A credit sale to Krishna₹ 2,400 posted as ₹ 4,200.

4. A credit sale to Pratibha₹ 3,000 credited to her account.

5. A credit sale to Monika₹ 5,600 credited as ₹ 6,500.

26 Discuss in detail the straight - line method and written down value method of [6]
depreciation. Distinguish between the two and also give situations where they
are useful.

OR

Following balance appear in the books of M/s Anandi as on 1 𝑠𝑡 April2022:

On 1𝑠𝑡 April 2022, they decided to dispose offmachinery for₹ 8,400, which was
purchased on 1 𝑠𝑡 April 2018 for ₹ 16,000.
You are required to prepare Machinery Account, Provision for Depreciation
Account and Machinery Disposal A/c for the 2022 - 23. Depreciation was charged
at 10% p.a. on original cost method.

Part B

27 Generally, accounts under single entry system are maintained by: [1]
a) Sole trader

b) Government

c) Society

d) Company

OR
If the Opening capital is₹ 60,000, drawings ₹ 5,000, capital introduced during the
period ₹ 10,000, closing capital ₹ 90,000. The value of profit earned during the
period will be:

a) ₹ 30,000

b) ₹ 20,000

c) ₹ 25,000
 d) ₹ 40,000

28 Which of the following is not a part of financial statements: [1]

a) Trial Balance

b) Trading Account

c) Profit and Loss Account

d) Balance Sheet

29 Income tax in case of sole trader is treated as [1]

a) Business expenses

b) Personal expenses

c) Owner expense

d) Debtors expenses

OR

Outstanding Expenses are related to:

a) Last year

b) Next year

c) Following year

d) Current year

30 Explain the objects of preparing Profit and Loss Account. [3]

31 State whether the following expenditures are capital or revenue in nature: [3]
1. Second - hand car was purchased for₹ 1,00,000. ₹ 10,000 were spent on
its overhauling.

2. ₹ 25,000 paid for the installation of a new machine.

3. Repairs for₹ 5,000 necessitated by negligence.

4. Annual insurance premium paid for the car.

5. Cost of air - conditioning of the office of the General Manager.

32 Amit is a trader. While preparing his final accounts on 31 𝑠𝑡 March, 2022, he made [3]
a provision for doubtful debts @ 4%of the sundry debtors amounting to ₹ 42,000.
During the year ended 31 𝑠𝑡 March, 2023, doubtful debts amounted to ₹ 3,400. On
31 𝑠𝑡 March, 2023, sundry debtors were ₹ 56,500 and the provision for doubtful
 debts was maintained at the same rate. Show the entries to record the above
matters in Amit’s Ledger Accounts.
33 Karori Mai does not keep his books properly. Following information is available [6]

from his books

During the year, Karori Mai sold his private car for₹ 50,000 and invested this
amount into business. He withdrew from the business ₹ 1,500 per month upto
31st October, 2022andthereafter ₹ 4,500 per month as drawings.
You are required to prepare a statement of profit or loss and a statement of
affairs as at 31st March, 2023.

OR

Vikas maintains his books of accounts on a single entry system. He provides the
followinginformation from his books. Find out additional capital introduced in
the business during the year 2012 - 13.

34 From the following particulars taken out from the books of SanjayGeneral Store, [6]
prepare Trading and Profit & Loss Account for the year ended 31𝑠𝑡 March,
2023and Balance Sheet as at that date: -
The following information is relevant: -
1. Closing Stock₹ 55,000. Stock valued at ₹ 10,000 was destroyed by fire on
18 𝑡ℎ March, 2023 but the Insurance Company admitted a claim of ₹ 6,800
only which was received in April, 2023.

2. Stationery for₹ 150 was consumed by the Proprietor.

3. Goods costing₹ 1,200 were given away as charity.

4. A new Signboard costing₹ 1,500 is included in Advertising.

2 1
5. Rent is to be allocated3 rd to Factory and 3 rd to Office.

6. Depreciate machinery by 10% and Motor Car by 20% p.a.

OR

The trial balance of M/s Taj & Co as on 31st December, 2013 was as follows.
Prepare the trading and profit and loss account for the year ended 31st
December, 2013 and the balance sheet after considering the following
information.

1. Depreciation on Furniture to be charged @10%.

2. Debtors include an item of Rs 500 due from a customer who has become
insolvent.

3. Provision for doubtful debts @ 5% on sundry debtors is to be maintained.

4. Goods valued at Rs 1,500 destroyed by fire and insurance company

admitted a claim forRs 1,000.

5. Stock on 31st December, 2013 was Rs 12,550