CBSE Class 11 Accountancy Sample Paper Set 10 Solved

Read and download PDF of CBSE Class 11 Accountancy Sample Paper Set 10 Solved designed as per the latest curriculum and examination pattern for Class 11 issued by CBSE, NCERT and KVS. The latest Class 11 Accountancy Sample Papers have been provided with solutions so that the students can solve these practice papers and then compare their answers. This will help them to identify mistakes and improvement areas in Accountancy Standard 11 which they need to study more to get better marks in Grade 11 exams. After solving these guess papers also refer to solved Class 11 Accountancy Question Papers available on our website to build strong understanding of the subject

1 What are the two accounting systems to record financial transactions in the books of account?

2 A firm has received a large order to supply goods. Will it be recorded in the books of account of the firm? Give reason

3 What is ‘Accrual Basis of Accounting’? 

4 Which accounting principle requires that personal expenses of proprietor or partners should be debited to Drawings Account?

5 State three differences between Book Keeping and Accounting.

6 Define Accounting. Discuss three objectives of Accounting. 

7 Qualitative characteristics are attributes that make accounting information useful to users. Explain these qualitative characteristics.

8 Name and explain two internal users and two external users of accounting information. 

9 Accounting has certain limitations. Discuss any four.

10 Explain the terms (a)Capital, (b)Liabilities, (c)Assets and (d)Drawings.

11 Give a brief explanation of the following accounting conventions.

(a) Full Disclosure (b) Consistency (c) Materiality (d) Conservatism

12 Define ‘Accounting Standards’. State any three objectives of Accounting Standards. 

13 Enter the following transactions in Surya’s Account and balance the same.

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 1

14 The following Trial Balance is not correct. Draw the correct one.

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 2

15 Prepare an Analytical Petty Cash Book on the Imprest System from the following:

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 3

16 Rohit has the following transactions. 

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 4

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 5

Prepare the accounting equation to show the effect of the above transactions on the assets, liabilities and capital.

17 Pass journal entries for the following transactions.

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 6

18 Prepare Cash Book with Bank Column of Bhaskar, Lucknow from the following transactions

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 7

19 Enter the following transactions in the subsidiary books and post them into ledger.

CBSE Class 11 Accountancy Sample Paper Set 10 Solved 8




1 The two accounting systems are

(i) Double Entry System

(ii) Accounts from Incomplete Records or Single Entry System

2 No, it will not be recorded in the books of accounts because it is not a transaction. 

3 ‘Accrual Basis of Accounting’ means the transaction is recorded at the time when it is entered into and not when the settlement takes place.

4 Accounting Entity or Business Entity Principle. 

5 Basis of differences between Book Keeping and Accounting:

Scope, Stage, Objective, Nature of Job, Performance, Special Skills (any three)

6 Accounting is a systematic process of identifying, measuring, recording, classifying, summarizing, interpreting and communicating financial information.

Objectives of Accounting :

(i)Maintaining Accounting Records

(ii)Determining Profit or Loss

(iii)Determining Financial Position (Discuss)

7 Qualitative characteristics of accounting :

Reliability, Relevance, Understandability, Comparability (Discuss the points)

8 Internal Users – Owners, Management, Employees & Workers

External Users – Banks & Financial Institutions, Investors, Creditors, Government, Researchers, Consumers & Public (Any two of each)

9 Limitations of Accounting

(i)Accounting is not fully exact

(ii)Unrealistic information

(iii)Accounting ignores the qualitative elements

(iv)Accounting ignores the effect of price level changes

(v)Accounting may lead to window dressing. (Explain any four)

10 (a)Capital – The amount invested in an enterprise by the proprietor or by partners.

(b)Liabilities- It means amount owed by the business.

(c)Assets – Properties owned by an enterprise.

(d)Drawings – It is the amount withdrawn or goods taken by the proprietor or partners for personal use.


Please click on below link to download CBSE Class 11 Accountancy Sample Paper Set 10 Solved



Click to View or Download pdf file
Click for more Accountancy Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

CBSE Class 12 Evaluation Criteria 2021

SUMMARY OF THE POLICY FOR TABULATION OF MARKS FOR CLASS XII BOARD EXAMINATIONS 2021   1(a) Due to cancellation of the Board examinations, the assessment of theory portion of 80/70/60/50/30 marks will be done by the school based on the following:     Class...

Moderation of Marks Class 11 and 12 Board Exams

The portal for moderation and finalization of results for Class-12 is being opened from 16.07.2021 to 22.07.2021. As Board has to declare the result latest by 31.07.2021, schools have been requested to follow the schedule strictly and complete the moderation within...

CBSE asks schools to load Class 12 Internal Assessment Marks

This has a reference to the letter no CBSE/COORD/2021 dated 11.02.2021 regarding conduct of the School-Based Assessment (Internal Assessment/Practical/ Project) of Class-XII and uploading the marks by 11.06.2021. It has been observed that some schools have not been...

FAQs on Policy for Tabulation of Marks for Class 10 Board Exams

ON POLICY Question.1 How CBSE will declare the result of Class-X? Answer. Results of Class X Board will be declared on the basis of an objective criterion developed by the Board vide Notification no.CBSE/CE/2021 dated 01.05.2021. Question.2. If any candidate is not...

CBSE Board Examination Scheme of Assessment 2021 2022

A. Academic session to be divided into 2 Terms with approximately 50% syllabus in each term: The syllabus for the Academic session 2021-22 will be divided into 2 terms by following a systematic approach by looking into the interconnectivity of concepts and topics by...

Studies Today