CBSE Class 11 Accountancy Revision Worksheet Set 04 Solved

Class 11 Accountancy Practice Set: All Chapters

Review targeted practice sets for Class 11 Accountancy All Chapters. Built according to official educational guidelines for the 2026-27 academic year, these downloadable worksheets support daily revision and core concept reinforcement.

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CBSE Class 11 Accountancy Revision Worksheet Set D Solved 1

CBSE Class 11 Accountancy Revision Worksheet Set D Solved 2

VALUE POINTS 

1. Financial statement consist of :

(a) Trial Balance
(b) Trading and Profit and Loss account
(c ) Balance Sheet
(d) Both (b) & (c )

Ans: (d)

2. State any three Limitations of Single Entry System.

Ans:
a) Arithmetical accuracy cannot be proved
b) no control on assets
c) correct profit or loss cannot be determined.

3. Classify the following into capital expenditure or revenue expenditure or deferred revenue expenditure:

a) Payment of wages amounting to ₹.2,50,000 for construction of building.- CE
b) Cost of purchasing old machinery for ₹.12,000 and cost of its repair ₹.10,000. The machinery was installed in the factory at a cost of ₹.3,000.-CE
c) Advertising suspense .-DRE
d) Cost of air-conditioning of the office of the General Manager- CE.

4. Mr. Ashok does not keep his books properly. Following information is available from his books.

CBSE Class 11 Accountancy Revision Worksheet Set D Solved 3

During the year Mr. Ashok sold his private car for ₹. 50,000 and invested this amount into the business. He withdrew from the business ₹. 1,500 per month up to July 31, 2019 and thereafter ₹. 4,500 per month as drawings. You are required to prepare the statement of profit or loss and statement of affair as on December 31, 2019.

Ans:
Opening Capital - ₹.21,400

Closing Capital - ₹.25,500
Loss incurred - ₹.12,900

5. The following is the trial balance of Mr. S.Kapur on 31st March , 2019

CBSE Class 11 Accountancy Revision Worksheet Set D Solved 4

Prepare Trading and Profit and Loss account and the Balance sheet after taking into the following adjustments:
a) Stock in hand on 31st March 2019 is 13,600
b) Machinery is to be depreciated at the rate of 10% and patents at the rate of 20%.
c) Salaries for the month of March, 2019 amounting to 3,000 were unpaid.
d) Insurance includes a premium of 170 for the next year.
e) Wages include a sum of 4,000 spent on the erection of cycle-shed for employees and customers.
f) A provision for bad and doubtful debts is to be created to the extent of 5% on sundry debtors

Ans: Trading and Profit and Loss a/c : Gross Profit – 87,430 ;
Net Profit – 32,550
Balance sheet - 1,79,660


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Download CBSE Practice Material: Class 11 Accountancy All Chapters

All Chapters Printable Worksheet for Class 11 Accountancy

Access structured practice worksheets for All Chapters designed in alignment with the latest CBSE curriculum for Class 11 Accountancy. These printable problem sets help students build accuracy and prepare effectively for school tests.

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Built using the official NCERT book for Class 11 Accountancy, these practice materials provide reliable academic guidance. Pair your practice with our recommended NCERT solutions to master optimal problem-solving approaches.

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Follow up your worksheet practice by attempting the interactive online Accountancy MCQ test for this chapter to evaluate your execution speed. All platform resources are free to access.

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Are these Accountancy Class 11 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 11 Accountancy Revision Worksheet Set 04 Solved includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 11.

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Yes, we have provided detailed solutions for CBSE Class 11 Accountancy Revision Worksheet Set 04 Solved to help Class 11 and follow the official CBSE marking scheme.

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Daily practice with these Accountancy worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 11 students get more marks in CBSE exams.

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