Class 11 Sample Paper Accountancy (Half Yearly)

SAMPLE
PAPER
Half Yearly Examination

Prepared For
NCERT BASED SYLLABUS
Applicable For
CBSE BOARD AND STATE BOARD USING NCERT

WWW.

HALF YEARLY EXAMINATION
SAMPLE QUESTION PAPER
Class - XI Subject – Accountancy
Time – 3 Hours Maximum Marks-80

General Instruction
1. Attempt all questions
2. Show working notes where applicable.
3. Attempt all parts of a questions together.

1. Accounting cycle starts with [1]
a) Recording of transactions in ledger
b) Recording of transactions in journal
c) Preparing Trial Balance
d) Preparing Trading Account
2. Which of the following is not sub field of accounting? [1]
a) Financial Accounting
b) Book Keeping
c) Management Accounting
d) Cost Accenting
3. Current assets do not include [1]
a) Debtors
b) Bank Balance
c) Motor Car
d) Prepaid Expenses
4. Intangible assets do not include [1]
a) Patent
b) Trade mark
c) Stock
d) Prepaid Expenses
5. Current Liabilities do not include [1]
a) Bills Payable
b) Creditors
c) Outstanding Expenses
d) Debentures

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6. Which of the following is the Capital Expenditure [1]
a) Wages paid for repair of building
b) Wages paid for white washing of building
c) Wages paid for construction of building
d) Wages paid for cleaning of building
7. Livestock includes [1]
a) Stock
b) Goods
c) Animals
d) Life Insurance Policy
8. Wasting Assets do not include [1]
a) Patent
b) Trade mark
c) Land and Building
d) Mines
9. Which equation is incorrect out of the following [1]
a) Assets = Liabilities + Capital
b) Capital = Assets – Liabilities
c) Liabilities = Assets – Capital
d) Assets = Liabilities – Capital
10. Vouchers is prepared for [1]
a) Cash received and paid
b) Ledger Account
c) Source Documents
d) All of the above
11. Main elements of accounting equation are [1]
a) Capital Creditors and Bill Payable
b) Assets, Liabilities and Capital
c) Cash, Stock and Debtors
d) Bank Balance, Investments and Bills Receivable
12. As a result of the following transactions the total of accounting equating will be ………… [1]
i) Started business with cash Rs. 200000
ii) Computer purchased Rs. 50000
iii) Goods purchased on credit Rs. 60000
a) Rs. 310000
b) Rs. 250000
c) Rs. 210000
d) Rs. 260000
13. Loss of goods by fire should be credited to [1]
a) Sales Account

b) Loss Account
c) Profit and Loss Account
d) Purchase Account

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14. Goods costing Rs. 30000 supplied to Mohan at a profit on 25% on sales price less Trade
discount @ 5% will be credited to sales account with [1]
a) Rs. 35625
b) Rs. 38000
c) Rs. 37500
d) Rs. 34200
15. Paid to Rahul on behalf of Sanjay Rs. 12000 will be debited to [1]
a) Rahul’s personal Account
b) Sanjay’s Account
c) Drawings Account
d) Cash Account
16. Goods worth Rs. 7000 given away as charity would be credited to [1]
a) Sales Account
b) Purchase Account
c) Charity Account
d) Trustee Account
17. Salary due for the month of March will appear in …………….. side of cash book [1]
a) Receipt
b) Payment
c) Contra
d) None of the above
18. Debit Note is the source of writing [1]
a) A debit entry in an Account
b) A sale to a person
c) Sales Return Book
d) Journal Proper
19. Purchase Book is a part of [1]
a) The Journal
b) The ledger
c) The Trading Account
d) The Balance Sheet
20. Credit balance Show [1]
a) Losses and Liabilities
b) Liabilities and Incomes
c) Assets and Expenses
d) All of the above
21. Explain (a) Going Concern Concept [3]
(b) Money measurement Concept
22. “Every transaction has Debit and Credit aspects” Explain [3]
23. What is accounting? Explain any three Characteristics of accounting [4]

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24. Journalise the following transactions [4]
i) Purchased goods for Rs. 10000 from Ajay and supplied it to Vijay for Rs. 15000
ii) Purchased machinery for Rs. 50000 by cheque and installation charges of Rs. 5000 paid in
cash
iii) Shyam who owed us Rs. 15000 is declared insolvent and 50 paise in a rupee is received as
final dividend from his estate
iv) Receive a cheque from Suman Rs. 5450. Allowed him discount Rs. 150 cheque is
immediately deposited into bank.
25. Pass journal entries [4]
i) Interest on Capital
ii) Interest on Drawing
iii) Interest on Fixed Deposit
iv) Interest on Bank loan
v) Interest on investment
vi) Interest allowed by bank
vii) Interest charged by bank
viii) Bad Debts
26. Enter the following transactions in the purchase book of Modi Cloth House Ranchi [4]
2022
June1 Purchased from Mohit Brothers Ranchi vide invoice No. 101
50 Metre cotton cloth @ Rs. 400 per metre
160 Metre Woolen Cloth @ Rs. 250 per metre
Trade discount @ 20%
June 5 Purchased from Mohan Brothers Kanpur UP vide invoice No. 102
100 Metre Silk Cloth @ Rs. 300 per Metre
80 Metre cotton cloth @ Rs. 125 per Metre
Trade discount @ 10%
June 10 Purchased from Modern Furniture House Delhi
10 Chairs @ Rs 1000 per chair vide invoice No. 103
June 15 Purchased from Hira Lal & Sons Gujrat vide invoice No. 104
100 Metre woolen cloth @ Rs. 600 per Metre
Trade discount @ 15%
27. Record the following transactions in sales book of Mahesh Ranchi [4]
2020
June 1 Sold goods to Ruchika Electronic Ranchi
3 colour TV Sets @ Rs. 20000 each
10 Washing Machine @ Rs. 10000 each
Trade discount @ 20%
June 5 Sold to Garima Electronic Patna
5 Colour TV sets @ Rs. 15000 each

10 Music System @ Rs. 5000 each
Trade discount @ 25%

4

June 15 Sold to Vishal Electronic Kanpur
10 Washing Machine @ Rs. 7000 each
Trade discount @ 10%
28. From the following particulars. Prepare Simple Petty Cash Book for the month of June 2022
[6]
June 1 Balance in hand Rs. 500
June 1 Received for cash payment Rs. 5000
June 2 Paid for postage Rs. 100
June 3 Paid for stationary Rs. 150
June 4 Paid for carriage Rs. 250
June 5 Paid for conveyance Rs. 300
June 6 Paid for courier Rs. 100
June 7 Paid for office cleaning Rs. 150
June 8 Paid for Taxi Fair Rs. 350
June 9 Wages to casual laborers Rs. 300
June 10 Paid for repair of printer Rs. 400
June 11 Paid for refreshment Rs. 450
June 12 Paid for bus fare Rs. 100
June 13 Locks purchased Rs. 450
June 14 Telephone bill Rs. 300
June 15 Paid for cartage Rs. 150
June 16 Paid for repair of chairs Rs. 200
June 17 Paid for auto fare Rs. 100
June 18 Paid for refreshment Rs. 300
June 19 Paid for taxi fare Rs. 200
29. Prepare Accounting Equation from the following information [6]
2022
June 1 Started business with cash Rs. 100000
June 3 Goods purchased for cash Rs. 50000 and on credit Rs. 100000
June 5 Goods sold for cash Rs. 50000 (profit 25% on cost) and on credit
Rs. 100000 (profit 30% on sales)
June 7 Furniture purchased for cash Rs. 10000
June 9 Cash received from debtors Rs. 50000
June 11 Cash paid to creditors Rs. 20000 discount received Rs. 1000
30. Prepare Trial Balance as at 31.03.2022
Furniture 10000 Capital 100000
Purchase 20000 Debtors 50000
Sales 30000 Computer 40000
Carriage 5000 Wages 10000

Postage 15000 Salaries 30000
Stationery 10000 Advertisement 10000
Creditors 30000 Bank Loan 40000 [6]

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31. Record the following transactions in Double Column Cash Book [8]
2022
June 1 Cash in hand Rs. 30000 cash and bank Rs. 10000 (cr)
June 3 A cheque of Rs. 18000 received from debtors and discount allowed to
him @ 10%
June 5 Interest charged by bank Rs. 2000
June 7 A cheque of Rs. 10000 Issued to creditors
June 9 Cash deposited into bank Rs. 5000
June 11 Dividend collected by bank Rs. 5000
June 13 Goods sold for cash Rs. 20000
June 15 Goods purchased for cash Rs. 5000
June 17 Paid for Advertisement by cheque Rs. 10000
June 19 Salary paid by cheque Rs. 20000
June 21 Wages paid Rs. 1000
June 23 Income Tax paid Rs. 2000
32. Pass Journal entries :- [8]
2022
June 1 Started business with cash Rs. 100000 Goods Rs. 200000 and building
Rs 300000
June 3 Open a current account with SBI Rs. 50000
June 5 Goods purchased Rs. 100000, trade discount 10% cash discount 5%, 20% of
purchases are on cash basis
June 7 Goods sold Rs 200000 trade discount 20% cash discount 10%, 50% of sales
are on cash basis
June 9 Salaries paid Rs 36000 by cheque after deducting TDS @ 10%
June 11 Cash received from debtors and discount allowed to him @ 20% Rs. 1000
June 13 Cash paid to creditors Rs 9500 and discount received from him @ 5%
June 15 Wages paid Rs. 3000 and wages due Rs. 2000

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