CBSE Class 11 Accountancy Sample Paper Set 8 Solved

Read and download PDF of CBSE Class 11 Accountancy Sample Paper Set 8 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

CBSE Class 11 Accountancy Sample Paper Set 8 Solved. It’s always recommended to practice as many sample papers as possible before the examinations. Students can download the sample papers and also question papers of previous years to practice and score better marks in examinations. Refer to other links too for more sample papers. 

 

1. Proprietor of a firm has taken goods for his personal use. The accountant has accounted it as sale in them books of accounts. Is he correct in his accounting?

2. Give two examples of Intangible Assets.

3. In which basis of accounting, Outstanding expenses are not recorded?

4. What is meant by a ‘Trial Balance’?

5. Total of the purchases invoices recorded in the Purchases Book is posted to the debit side of the Purchases Account in the Ledger and credited to the accounts of suppliers. Do you agree? Give reasons.

6. Distinguish between Cash Basis of Accounting and Accrual Basis of Accounting on the basis of ‘reliability’ and ‘suitability’.

7. Explain any three advantages of Accounting.

8. Confidence and trust that the reported information is a reasonable representation of the actual items and events, that have occurred, depicts which qualitative characteristic of accounting information? Name and explain it.

Also explain any other two qualitative characteristics of the accounting information.

9. Due to a major loss in the current year, the accountant of the firm has not charged depreciation on fixed tangible assets. Whether his decision not to charge depreciation is correct? What will be the impact of the decision on financial statements?

10. (i) Mention any one difference between journal and ledger.

(ii) Mohan & Co. sold goods amounting to Rs.50,000 at a trade discount of 5% to GSC Co. As per the terms, if GSC Co. made full payment to Mohan & Co. within 15 days it will get Cash discount of 2%. GSC Co. paid the full amount within the stipulated time. Determine the amount of Cash discount that GSC Co. may get. Also pass a journal entry to record this transaction in the books of Mohan & Co.

11. a.Give an example for a transaction which results in :

         Increase in one liability, decrease in another liability.

b.Pass journal entries for the following:

Goods destroyed by fire Rs.80,000; Insurance Co. admitted and paid claim for 70% amount.

12. X started a business on 1st April, 2012 with a capital of Rs. 50,000 and a loan of Rs. 25,000 borrowed from Y. During 2012 – 13, he had introduced additional capital of Rs. 25,000 and had withdrawn Rs. 15,000 for personal use. On 31st March, 2013 his assets were Rs. 1,50,000. Calculate his closing capital as on 31st March, 2013 and profit made or loss incurred during the year 2012 – 13.

13. (i) Give two differences between Profit and Gain.

(ii) Distinguish between non - current assets and current assets by giving two examples of each.

 

 

Please click the link below to download CBSE Class 11 Accountancy Sample Paper Set 8 Solved

Tags: 

 


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

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...

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...

×
Studies Today