CBSE Class 11 Accountancy Question Paper Set K Solved

Read and download CBSE Class 11 Accountancy Question Paper Set K Solved designed as per the latest question paper pattern and Class 11 examination guidelines issued by CBSE, NCERT and KVS. The past year Question Papers for Class 11 Accountancy have been provided with solutions which will help students to assess their performance and find out topics in Accountancy Class 11 which they need to improve to get better marks in Class 11 exams. After solving these last year papers also refer to solved Sample Papers for Class 11 Accountancy available on our website to build strong understanding of the subject

Accountancy Question Paper Class 11

Students can refer to the below Class 11 Accountancy Question Paper designed to help students understand the pattern of questions that will be asked in Class 11 exams. Please download CBSE Class 11 Accountancy Question Paper Set K Solved

Accountancy Class 11 Question Paper

1 In marriage ceremony of an employee, the owner of furniture manufacturing enterprise gifted him a furniture, costing Rs.50,000. Will it be recorded in the books of accounts?

2 What are the different elements of a computer system? 

3 Name any two external user of Accounting information. 

4 On which basis of accounting, Income & Expenditure Account is prepared? 

5 Which concept (principle) assumes that a business enterprise will not be liquidated in the near future?

6 The following particulars have been taken from the Receipts & Payments Account of a sports club. You are required to show the following items in the final accounts of a not-for-profit organization.

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7 From the following information prepare a Trading Account for the year ended 31st March 2017.

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8 Prepare Bharti’s Account from the following details.

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9 State and explain the advantages of computerized accounting system. 

10 Pass journal entries for the following transactions:

(i) Spent Rs.6,000 as wages for installation of machinery.

(ii) Salary payable to the secretary Rs.16,000 is due.

(iii) Sold goods to Rano for cash, list price is Rs.4,000 at 10% trade discount and 5% cash discount.

11 Prepare a Sales Book from the following transactions of Nigam Furniture House.

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12 Calculate the amount to be debited to Income and Expenditure Account from the following for 2015-16

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Amount paid for stationery during 2015-16 is Rs. 5,780

13 What do you mean by Accounting? Explain its main objectives?

14 Explain the meaning of following basic terms of Accounting.

(a) Assets, (b) Liabilities, (c) Capital and (d) Drawings

15 Explain the following : (a) Dual Aspect Concept and (b) Conservatism or Prudence Concept. 

16 Mr. Ali started a business with capital of Rs.5,00,000. At the end of the year his position was:

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Sundry Creditors on this date totaled Rs.80,000. During the year he introduced a further capital of Rs.1,50,000 and withdrew for household expenses Rs.90,000. You are required to calculate Profit or Loss during the year.

17 From the following information, calculate the amount of subscriptions outstanding as on 31st March 2009:

A club has 250 members each paying an annual subscription of Rs.1,000. The Receipts & Payments Account for the year showed a sum of Rs.2,65,000 received as subscriptions. The following additional information is provided.

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18 Define a ‘Computer’. Differentiate between manual and computerized accounting system.

19 On 31st January, 2017 Cash Book showed an overdraft balance of Rs.50,000. On comparing it with Pass Book, the following differences were noticed.

(i) On 27th January, cheques amounting Rs.5,360 were sent to bank, but o ut of these one cheque of Rs.920 was credited on 2nd February and one cheque of Rs.180 was returned by bank dishonoured on 4th February.

(ii) During the month of January, cheques were issued worth Rs.6,680. Out of these, cheques worth Rs.5,480 were presented for payment on 5th February.

(iii) As per standing order, the bank had paid the following amounts during January 2017.

(a) Life Insurance Premium Rs.680.

(b) Electricity Bill Rs.576.

(iv) Banker collected Rs.600 as dividend on share.

(v) Banker gave wrong credit for Rs.600.

(vi) Interest charged on overdraft by the bank Rs.500.

Prepare a Bank Reconciliation Statement on 31st January 2017.

20 A ledger keeper could not agree the trial balance. The following errors were subsequently discovered.

(i) Amount payable to Abhi for repairs done to computer Rs. 1,500 and computer supplied Rs.

9,500, were entered in the Sales Return as Rs. 10,000.

(ii) An item of Rs.5,000 relating to Prepaid Insurance Account was omitted to be brought forward from the previous year’s books.

(iii) A discount of Rs. 27,250 allowed to a customer has been credited to him as Rs. 26,740.

(iv) An amount of Rs. 5,000 due from Vishwas which had been wr itten off as Bad Debts in previous year was recovered and had been posted to the personal account of Vishwas.

(v) Goods purchased for Rs. 1,000 have been posted to the debit of the supplier, Daksh & Co.

(vi) Furniture amounting to Rs. 19,800 purchased on credit from Quality Furniture Co. An entry for Rs.18,900 was passed in the Purchases Book. Pass rectifying Journal entries.

21 From the following Receipts & Payments A/c and additional information given below, prepare Income and Expenditure A/c on 31st March 2017 and Balance Sheets of Genius Literacy Organisation as at 31st March 2016 and 2017

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Additional Information : (i) Subscription outstanding for 31st March 2016 Rs.2,000 and for 31st March 2017 Rs.1,500.

(ii) On 31st March 2017 salary outstanding Rs.600, and one month rent paid in advance.

(iii) On 1st April 2016 organisation owned Furniture Rs.12,000 and Books Rs.5,000.

22 Carriage transport company purchased 5 trucks at a cost of Rs. 2,00,000 eac h on 1st July 2011. The company writes off depreciation @20% p.a. on original cost and closes its books on 31st March, every year. On 1st January 2014, one of the trucks is involved in an accident and is completely destroyed. Insurance company has agreed to pay Rs. 70,000 in full settlement of the claim. On the same date, the company purchased a second hand truck for Rs. 1,00,000 and spent Rs. 20,000 on its overhauling. Prepare Truck account, Provision for Depreciation account for the three years ended 31st March 2014 and Truck Disposal account.

23 On 15th January 2016 Sachin sold goods for Rs.30,000 to Narain and drew upon latter a bill for the same amount payable after 3 months. The bill was accepted by Narain. The bill was discounted by Sachin from his bank for Rs.29,250 on 31st January 2016. On maturity the bill was dishonoured. He further agreed to pay Rs.10,500 in cash including Rs.500 interest and accepted a new bill for two months for the remaining Rs.20,000. The new bill was endorsed by Sachin in favour of his creditor Kapil for debt of Rs.20,000. The new bill was duly met by Narain on maturity. Give the journal entries in the book of Sachin

24 Suresh started business on 1st April, 2016 with a capital of Rs.30,000. The following Trial Balance was drawn up from his books at the end of the year.

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The value of stock as at 31st March, 2017 was Rs.26,000. You are required to prepare his Trading and Profit & Loss Account for the year ended 31st March 2017 and a Balance Sheet as at that date after taking the following facts into account.

(i) Interest on capital is to be provided at 6% p.a.

(ii) An additional capital of Rs.10,000 was introduced by Suresh on 1st October 2016.

(iii) Plant & Fixtures are to be depreciated by 10% p.a.

(iv) Salaries outstanding as at 31st March 2017 amounted to Rs.500.

(v) Accrued interest on investment amounted to Rs.750.

(vi) Rs.500 are Bad Debts and a Provision for Doubtful Debt is to be created at 5% on the balance of Debtors.

 

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Previous Year Question Paper Accountancy Class 11

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The past year question papers CBSE Class 11 Accountancy Question Paper Set K Solved covers all the topics which have been suggested by CBSE in their Class 11 Accountancy syllabus for the current year. By doing all CBSE Class 11 Accountancy Question Paper Set K Solved PYP (previous year papers) you will understand the regular questions and MCQ questions for Class 11 Accountancy which are always asked and learn them so that you can get full marks in those questions.

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Accountancy Previous Year Question Papers Class 11 with Solutions

We have provided CBSE Class 11 Accountancy Question Paper Set K Solved with solutions. You will be able to understand the type of answers which you should write in Class 11 Accountancy exams to score good marks. You should attempt all the last year question paper for Class 11 and Class 11 Accountancy MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers. This way you will be able to identify your weak areas and also understand how the teachers of Class 11 Accountancy set their questions in the exams.

CBSE Class 11 Accountancy Previous Year Question Papers with solutions

We have provided the last 10 years Class 11 Accountancy Question Papers. Students who want to practice question papers from all previous years can easily get them on studiestoday. We are the leading website in India from which you can download all the latest Class 11 Accountancy study material for free as per the CBSE syllabus for Class 11 Accountancy for the current academic year.
 

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