CBSE Class 11 Accountancy Question Paper Set 2 Solved

CBSE Class 11 Accountancy Question Paper Set 2 Solved. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

1 Is cash memo a source document or an accounting voucher?

2 Real accounts are related with:-

(a) Capital

(b) Assets

(c) Liabilities

(d) Income and gains

3 Jitender purchased goods from Ramesh having list price of Rs. 5,000 on cash basis at 8% trade discount and 5% cash discount. Half the amount was paid by him. The amount of discount account in his books will be:

(a) Rs. 400 (b)Rs.250 (c) Rs.230 (d)Rs.115

4 An accountant feels that since sales book is maintained, there is no need to open sales account. Is he correct in his views?

5 A company purchased goods for Rs. 5,00,000 and sold 80% of such goods during the year. The market value of remaining goods was Rs. 90,000.The company valued the closing stock at cost. Is the company correct?

6 Distinguish between “Receipts and Payments account” and “Income and Expenditure account” on the basis of nature of items recorded therein.

7 How will you deal with following items while preparing the final accounts of a club for the year ending 31st March 2014?

Stock of stationery Rs. 4,000(on 1.4.13) and Rs. 3,000(on 31.3.14)

Creditors for stationery Rs.7,200(on 1.4.13) and Rs. 5,400(on 31.3.14)

Amount paid for stationery during the year 2013-14 Rs.25,000.

8 From the following information calculate the amount of subscription to be credited to the Income & Expenditure account for the year ended 2013-14

Subscription received during the year Rs. 80,000

Subscription outstanding on 31.12.13 Rs.26,000

Subscription outstanding on 31.12.14 Rs.6,000

Subscription received in advance on 31.12.13 Rs.15,000

Subscription received in advance on 31.12.14 Rs.10,000

Subscription of Rs.2,000 are still in arrears for the year 2012-13.

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