CBSE Class 11 Accountancy Sample Paper Set I. 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.
Q.1 If accounting information is based on facts and it is verifiable by documents it has the quality of –
a) Relevance b) Reliability c) Understandability d) Comparability
Q.2 Name any two external users of accounting information.
Q.3 State whether the following statements are true or false.
a) Accounts are prepared on the basis of historical costs.
b) Accounting makes a record of qualitative aspects of business.
Q.4 Huge loss occurred due to the strike of employees. Will it be recorded? Why or why not?
Q.5 What is a Voucher?
Q.6 The position of a businessman on 31st March 2010 was as follows :
Cash Rs. 5,000; Debtors Rs. 20,000; Machinery Rs. 60,000; Stock Rs. 25,000; Capital Rs. 75,000. Calculate his liabilities.
Q.7 Rent is paid by cheque. Which account will be credited and why?
Q.8 What is Trial Balance?
Q.9 Explain the meaning of any three of the following terms :
i) Revenue ii) Stock iii) Debtors iv) Assets
Q.10 Raja Ltd. purchased securities for Rs. 50 lakh. At the end of the year, the market value of such securities was Rs. 40 lakh. While preparing the financial statement, the company valued the securities at cost i.e. Rs. 50 lakh. Is it a correct treatment? Highlight any three values ignored by Raja Ltd.
Q.11 What are Accounting Standards? Explain any two advantages of Accounting Standards.
Q.12 On which side of the Trial Balance, the following Ledger Balances will appear –
i) Purchases Return'
ii) Bills Receivable
iii) Returns Inward
iv) Discount allowed
v) Bank Loan
Q.13 Explain any two qualitative characteristics of Accounting Information.
Q.14 Define Accounting. Explain any three main objectives of Accounting.
Q.15 i) Explain the meaning of ‘Money Measurement Principle’.
ii) ‘Every transaction has debit and credit aspects’. Explain.
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