Class 11 Half Yearly Question Paper 2025-26 Accountancy

CBSE CLASS 11
Half Yearly Question Paper
Session 2025-26

ACCOUNTANCY

Exam CBSE Class 11
Subject Accountancy
Session 2025-26
Document Type Half Yearly Question Paper

Notes · Sample Papers · Previous Year Papers · Mock Tests

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Question Paper

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HALF YEARLY EXAMINATION
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CLASS: XI
SESSION: 2025-2026 a MM: 80
SUBJECT: ACCOUNTANCY (055) TIME: 3 HOURS

GENERAL INSTRUCTIONS:
1. This question paper contains 7 pages & 34 questions. All questions are compulsory.
2. Question 1 to 20 carries 1 mark each.
4. Questions 21 to 26 carries 3 marks each.

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5. Questions from 27 to29 carries 4 marks each.

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6. Questions from 30 to 34 carries 6 marks each.

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em is not recorded in the books of account? a
Q. Questions Marks

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No.
1
(a) Sales oflGoods
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Which of the following
a
a of salary
(b) Payment
(c) Quality of staff
(d) Purchase of Goods
2 Which attributes of accounting information depict common unit of measurement and common 1
format of reporting promotes?
(a) Comparability
(b) Understandability

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(c) Relevance
(d) Reliability

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3 Expenditure of revenue nature that gives benefit for more than one accounting period is 1

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categorized as _________

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(a) Deferred Revenue Expenditure
(b) Capital Expenditure
(c) Revenue Expenditure
(d) None of these
4 Qualitative characteristic of accounting includes _________ 1
(a) Reliability and Relevance
(b) Understandability and Comparability
(c) True and Fair, Reliability, Understandability and Comparability

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(d) None of the above.

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5 Which policy does Convention of Conservatism takes into account? 1

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(a) all prospective profits and prospective losses

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(b) all prospective profits and leaves out prospective losses

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(c) all prospective losses and leaves out prospective profits

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(d) None of the above
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Assertion (A):Under the accrual concept, revenues are recognized when they are earned, not 1
when cash is received.
Reason (R):The Accrual concept helps in matching revenues with related expenses.
(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation
of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of
the Assertion (A).
(c) Both Assertion (A) and Reason (R) are not correct.

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(d)Assertion (A)is correct but Reason (R) is not correct.

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OR
Which of the following is a capital expenditure?
(a) Wages
(b) Wages paid for construction of building.
(c) Repair expenses of building.
(d) Electricity expenses of building.
7 “It is a monetary benefit or advantage resulting from transactions which are incidental to 1
business.” Identify the accounting term.
(a) Income
(b) Revenue
(c) Profit
(d) Gain
OR
“Amount received from sale of goods and services provided to customers.” Identify the
accounting term.
(a) Revenue
(b) Income
(c) surplus
(d) None of the above.
8 Which type of tax is summed under GST? 1
(a) Income tax
(b) Corporation tax
(c) Value added tax
(d) Wealth tax
9 A ________ is sent when a sales invoice is overcast due to defective goods. 1
(a) Credit Note
(b) Debit Note
(c) Return note
(d) None of these
10 „X‟ commenced business on 1st April, 2024 with a capital of ₹6,00,000.On 31st March, 2025, 1
his assets were worth ₹8,00,000 and liabilities ₹50,000.Find out his closing capital.
(a) ₹7,50,000
(b) ₹14,00,000
(c) ₹5,50,000
(d) None of these
OR
The liabilities of a firm are ₹3000; the capital of the proprietor is ₹7000.The total assets are
___________
(a) ₹7,000
(b) ₹10,000
(c) ₹4,000
(d)None of these
11 What account is credited when proprietor withdraws cash? 1
(a) Drawings account
(b) Capital account
(c) Cash account
(d) Profit and Loss account
12 “Cheque received from Ajoy amounting Rs. 10,000 was endorsed to Vijoy” 1
Which of the following will be the proper way to record in the Cash Book?
(a) Bank column on debit side
(b) Bank column on credit side

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(d)No Entry

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13 Transfer vouchers are prepared to record ____________ 1
(a) cash transactions
(b) non-cash transactions
(c) both (a) and (b)
(d) None of these
OR
Credit purchase of furniture is recorded through ___________
(a) transfer voucher

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(b) cash voucher

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(c) debit voucher

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(d)credit voucher

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14 Bad debts earlier written off and now received, which account is credited? 1

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(a) Bad Debts account
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(b) Bad Debts Recovered account
(c) Miscellaneous Income account
(d) Debtors account
15 Assertion (A): Land Account being an asset has credit balance. 1
Reason (R): Expenses payable being a liability has debit balance.
(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation
of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct andReason (R) is the correct explanation of
the Assertion (A).

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(c) Both Assertion (A) and Reason (R) are not correct.
(d)Assertion (A)is correct but Reason (R) is not correct.

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OR

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What is the book called that contains a classified and permanent record of all transactions of

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business?
(a) Cash Book
(b) Ledger
(c) Journal
(d) Trial balance
16 Rahul's Fashion Store is a popular clothing retailer. The store owner, Rahul, wants to maintain 1
accurate records of his transactions. He has decided to use subsidiary books to record his daily
transactions.

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Rahul purchases goods worth ₹50,000 and furniture worth ₹80,000 from Rohan on credit. He

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also sells goods worth ₹20,000 to Priya on credit. Later, Rahul returns goods worth ₹5,000 to

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Rohan due to defects. Rahul also pays ₹10,000 to Rohan by a cheque as partial payment.

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Additionally, Rahul discovers that he has overpaid ₹2,000 in salaries to his employees and

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decides to adjust this amount in the next month's salary.

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Which subsidiary book should Rahul use to record the purchase of goods worth ₹50,000 from

a
Rohan on credit?
(a) Cash Book
(b) Purchases Book
(c) Journal Proper
(d) Sales Book
17 Which transaction does Rahul record in the Cash Book? 1
(a) He purchasedfurniture worth ₹80,000 from Rohan on credit
(b) He returns goods worth ₹5,000 to Rohan due to defects.

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(c) He also pays ₹10,000 to Rohan by cheque as partial payment.

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(d) He also sells goods worth ₹20,000 to Priya on credit
18 Which subsidiary book should Rahul use to record the adjustment of ₹2,000 overpaid in 1
salaries?
(a) Purchases Book
(b) Sales Book
(c) Cash Book
(d) Journal Proper
19 Mohan‟s bank reconciliation statement shows cheques deposited but not credited by bank of 1
₹3,800 and cheques issued but not presented by suppliers of ₹3,500.His bank balance as per
Cash Book is ₹25,000.Balance as per passbook statement is ____________
(a) ₹25,000
(b) ₹24,700
(c) ₹25,300
(d)₹32,300
OR
If balance in the bank statement shows ₹3,000 (Dr.) and there are deposits of ₹800 not yet
credited and unpresented cheques totaling ₹500, the balance in the cashbook should be
__________________
(a) ₹3300 (Cr.)
(b) ₹2700 (Cr.)
(c) ₹4300 (Cr.)
(d) ₹1700 (Dr.)
20 Which of the following is NOT an object for preparing a Trial Balance? 1
(a) To check the arithmetical accuracy of ledger accounts
(b) To provide a basis for preparing final accounts
(c) To record transactions in a chronological order
(d) To verify the correctness of ledger account balances
OR
Trial balance contains balances of ________
(a) Only personal and real accounts.
(b) Only personal and nominal accounts.
(c) Only nominal and real accounts.
(d) All accounts.
21 The fundamental qualitative characteristic of accounting information is „True and Fair.Besides 3
this explain others qualitative characteristics of accounting information useful to users. (Any
three)
OR
The primary function of accounting is to maintain systematic accounting records of financial
transactions and events. Besides this explain any 3 functions of accounting.
22 Briefly explain the following terms with example: 3
i) Capital Expenditure
ii) Revenue Expenditure
iii) Fictitious Assets
23 Distinguish between Cash Basis and Accrual Basis of Accounting on the basis of nature of 3
transactions, profit or loss and suitability.
24 State the nature of account (Personal, Real or Nominal) and show which will be debited and 3
which will be credited:
(i)Interest received
(ii)Discount allowed
(iii)Goods sold
OR

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Classify the following accounts into Personal,Real and Nominal accounts:

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(iii)Bank a g l
(iv)CarriageInwards
(v)Plant and Machinery
(vi)Interest paid
25 From the following particulars, prepare Petty Cashbook for the month of April, 2025: 3
Date Particulars ₹
2025

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April 1 Drew for petty cash 5,000

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April 3 Paid for postage 300

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April 5 Paid telephone bill 400

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April 8 Paid for cartage 140

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April09 Paid for postage 200
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April 12 Paid for sundries 100
April 27 Paid for stationery 300
If the imprest amount is ₹5,000,show what amount the petty cashier would be entitled to draw in
the beginning of the next month.
26 Prepare appropriate subsidiary book in the books of Lal &Co., Delhi from the following 3
transactions: 2025
April 6 Goods returned by Ganga Prasad and Co., Delhi.
2 Table Fans @ ₹1000 each
Less:Trade Discount 15%

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April 12 Prabhat Electricals, Agra returned defective Room Cooler ₹4,250

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27 Enter the following transactions in Purchases Book of M/s. Guru Brothers, Mumbai: 4

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2025

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April 1 Purchased goods from Joshi brothers, Mumbai vide invoice No.210:

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10 Philips Tubelights @ ₹200 each
50 Crompton Bulbs at ₹100 each
Trade discount is 10%
April 6 Purchased against cash 20 Havell‟s Tubelights @ 180 each less 10% Trade Discount
April 10 Purchased goods from Rajesh Electric store, Delhi vide Invoice No. 18:
25 Heaters @ 800 each, 10% Trade Discount
15 Crompton Fans @ 1,600 each, 10% Trade Discount
Paid Packing Charges ₹100

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April 15 Purchased a Laptop for Rs 50,000 from Computer Mart

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April 16 Purchased goods from Supreme Electric store, Delhi Vide Invoice No. 125

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5 dozen Philips bulbs@ ₹100 each

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25 power plugs @ 80 each

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Trade discount is 10% and freight charges are ₹75.

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28 Journalise the following transactions of Desai for April 2025 4
April 1 Sold goods to Param for ₹15,000 plus CGST and SGST @ 9% each
April 5 Goods returned by Param of ₹5000, being defective.
April 10Purchased goods from Hari of ₹1,00,000 less 10% trade discount plus CGST and SGST
@ 9% each. Paid by cheque immediately and availed 2% cash discount.
April 15Goods costing Rs 5000 were taken by the proprietor for personal use on which CGST
and SGST @ 9% was paid.
29 From the following list of balances, prepare a Trial Balance: 4
Capital A/c…………………………………………………..₹2,00,000

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Debtors A/c…………………………………………………. ₹45,000

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Fixed Assets A/c………………………………………….₹1,92,000
Sales A/c………………………………………………… ₹1,10,000
Returns Outward A/c…………………………………………₹1000
Bank Overdraft A/c………………………………………...₹11,000
Opening Stock A/c…………………………………………₹15,000
Creditors A/c……………………………………………….₹38,000
Purchases A/c……………………………………………...₹70,000
Returns Inward A/c……………………………………….....₹2000
Wages and Salaries A/c……………………………………₹30,000
Rent A/c………………………………………………………₹6000
30 Prepare the ledger accounts of Lakshman, Ram and Sales based on the following transactions: 6
April 1, 2025: Purchased goods from Lakshman on credit ₹80,000
April 2, 2025: Paid to Lakshman ₹60,000
April 3, 2025: Returned goods to Lakshman ₹12,000
April 4, 2025: Paid rent ₹8,000
April 5, 2025: Sold goods to Ram on credit ₹40,000
April 6, 2025: Purchased goods from Lakshman in cash ₹40,000
April 7, 2025: Received from Ram ₹30,000
April 8, 2025: Sold goods to Shankar on credit ₹60,000
April 9, 2025: Received from Ram the balance amount at 10% cash discount.
April 10, 2025: Purchased furniture ₹80,000
April 11, 2025: Sold goods to Ram in cash ₹20,000
31 What are the two internal users and four external users of accounting information and what are 6
their specific information needs?
32 Prepare the Accounting Equation on the basis of following: 6

1.Harish commenced business with cash. ₹1,50,000
2.Furniture purchased for cash. ₹2,000
3.Purchased goods from Mahesh on credit. ₹25,000
4.Sold goods costing ₹10,000 to Mohan for cash ₹14,000
5.Additional capital introduced. ₹20,000
6.Commission received in advance. ₹2,000
7.Paid to creditor Mahesh in settlement. ₹22,500
8.Sold goods (costing ₹15,000for ₹18,000 out of which ₹5,000 received in cash.
9.Depreciation on furniture provided @ 10%
OR
Prepare Two-column Cash Book of Mitali on the basis of following transactions:
2025
March 1 Cash in hand …………………………………………….₹2,20,000
Cash at bank…………………………………………….. ₹60,000
March 3Deposited in bank ………………………………………….₹80,000
March 4Goods purchased and issued a Cheque for the same……….₹34,000
March 7 Cash purchases …………………………………………..₹16,000
March 8 Paid Commission by cheque …………………………….₹12,000
March 9 Withdrew from bank for personal use …………………….₹2,500
March 12 Received from Ved in full settlement of his account of ₹6,000,
half of the amount was deposited into bank on the same day.
March 16 Interest collected by bank………………………………...₹14,000
March 20 Cash sales…………………………………………… …..₹42,000
March 22 Salaries paid ……………………………………………..₹40,000
March 22 Goods sold to Mona &Co.………………………………. ₹36,000

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after discount of ₹300 … …………………………………………..₹35,700

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March 26 Deposited the cheque received from Mona &Co into bank.
33 Journalise the following transactions: 6
2025 ₹
April 1 Shivam started business with cash ………₹1,00,000
April 2 Deposited in bank ………………………….₹70,000
April 3 Bought goods for cash ………………………₹5,000
April 4Drew cash from bank for office …………......₹1,000
April 13 Sold goods to Krishna ………………….….₹1,500

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April 20 Bought goods from Shyam ………………...₹2,250

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April 24 Received from Krishna …………………….₹1,500

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April 28 Paid cash to Shyam ………………………...₹2,150

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Discount allowed by him ………………….…………..₹100

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April 30 Cash Sales for the month …………………..₹8,000
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April 30 Paid Rent ……………………………………..₹500
April 30 Paid Salary to Ram …………………………₹3,000
34 Following information is of Roshan who requires you to reconcile his Cash Book with the Pass 6
Book balance:
Balance as per Cash Book ₹2,800
Cheques issued but not presented for payment ₹3,440
Cheques deposited but not credited ₹2,260
Additional Information:
(a)� Debit side of the Cash Book (bank column) is undercasted by ₹500.

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(b)� A cheque of ₹200 paid to a creditor has been entered by mistake in the Cash Column.
(c)� Bank charges ₹80 has not been entered in the Cash Book.

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On 31st March, 2025, the bank Pass Book of Surya Enterprises showed an overdraft of

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₹7,700.On the basis of the following particulars, prepare Bank Reconciliation Statement:
(i) Cheques issued before 31st March,2025 but not yet presented for payment amounted to
₹3500.
(ii) Cheques paid into the bank but a cheque amounting to ₹2,600, has not been collected yet.
(iii)Interest on loan amounting to ₹554, debited by the bank was not recorded in the Cash
Book.
(iv) A debtor deposited ₹4,800 directly into the bank but the information was received on 3rd
April, 2025.
(v)Payment side of Cash Book was totalled₹1000 short.

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