MBOSE Class 11 Question Paper 2020 for Accountancy

Total No. of Printed Pages – 9 (2)
HS/XI/Com/Ac/20
(b) The concept that requires all assets to be recorded
2020 in the books of account at their purchase price is
(i) Money measurement concept
ACCOUNTANCY
( Commerce ) (ii) Cost concept

Full Marks : 80 (iii) Accounting period concept

Time : 3 hours (iv) Full disclosure concept.

The figures in the margin indicate full marks for the questions
(c) Purchases refer to buying of
General Instructions:
(i) Fixed assets
(i) This question paper contains two parts, Part-A and
Part-B.
(ii) Stationery
(ii) Marks are indicated against each questions
(iii) Investment
(iii) All questions are compulsory.
(iv) Goods for sale.

PART – A

1. Choose the correct answer: 1x8=8 (d) The firm has capital 3,00,000 and liabilities
2,00,000. Its assets would be
(a) The process of transferring entries from books of
original entry to the Ledger is known as (i) 2,00,000
(i) Posting
(ii) 3,00,000
(ii) Casting
(iii) 5,00,000
(iii) Recording
(iv) Journalising. (iv) 6,00,000

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(3) (4)

(e) According to which of the following concept the (h) A Trial balance is
ownership is separated from the business?
(i) An account
(i) Conservatism concept (ii) A statement

(ii) Going concern concept (iii) A subsidiary book
(iv) A principal book.
(iii) Entity concept

(iv) Consistency concept.
2. Define Accounting 1

3. State one qualitative characteristic of accounting
(f) A debit note is issued in case of
information. 1
(i) Sales return
4. Define the term ‘creditors’. 1
(ii) Purchase return
5. Give an example of deferred revenue expenditure. 1
(iii) Both (i) & (ii)

(iv) None of these. 6. Give one point of difference between Statement of
Affairs and Balance Sheet. 1

7. On which side of the Balance Sheet is ‘Accrued
(g) Which Accounting Standard is applicable for
Income’ shown? 1
valuation of inventories?

(i) AS – 1 8. What is an Accounting software? 1

(ii) AS – 2
9. Explain any three roles of accounting. 3
(iii) AS – 7
10. Distinguish between Provision and Reserve. (any 3
(iv) AS – 8 points). 3

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(5) (6)

11. Rectify the following errors: 4 15. A firm purchased a machine worth 60,000 on 1st
April, 2015 and 5,000 was spent on its installation.
(a) Sales book has been overcast by 2,000.
On 1st October, 2016 an additional machinery costing
(b) Repairs made on building for 14,000 were 70,000 was purchased. On 1st April, 2017, the first
debited to Building A/c. machine purchased on 1st April, 2015, was sold for
(c) Goods purchased for 8,700 were posted as 870 45,000 and a new machine costing 50,000 was
to Purchase A/c. purchased on the same date.
(d) Amount of 3,500 paid to Kapil was wrongly Show Machinery A/c for the first three years on
credited to his account. the basis of Straight Line Method if the rate of
depreciation charged is 10% and books are closed on
31st March every year. 8
12. Who are the external users of Accounting
Informations? 4
PART – B
13. State the meaning of GST. Explain any two
characteristics of GST. 6
16. Choose the correct Answer : 1x2=2
14. The cash book shows a bank balance of 7,800 as on (a) The arrangement of various assets and liabilities
31st December, 2017. On comparing the cash book in a particular order is known as
with pass book the following discrepancies were (i) Grouping
noted : 6
(ii) Balancing
(a) Cheque deposited in bank but not credited
3,000. (iii) Marshalling
(b) Cheque issued but not yet persented for payment (iv) Summarising.
1,500.
(c) Insurance premium paid by the bank 2,000. (b) Statement of affairs is prepared to ascertain
(d) Bank interest credited by the bank 400. (i) Capital
(e) Bank charges 100. (ii) Liabilities
(f) Directly deposited by a customer 4,000.
(iii) Assets
Prepare a Bank Reconciliation statement as on
31st December, 2017. (iv) Cash balance.

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(7) (8)

17. Name two elements of a Computer System. 1 23. The following is the Trial Balance of Goel Traders on
31st March, 2018.
18. What do you mean by Computerised Accounting
Debit Balance Credit Balance
System? 1
Plant and Machinery 2,90,000 Sundry creditors 53,350
19. What is a Database Management System? 1 Purchases 1,65,100 Discount received 2,700

Cash at bank 39,550 Return outward 1,000
20. Distinguish between Capital expenditure and
Revenue expenditure (any 4 points). 4 Sundry Debtors 4,200 Capital 10,00,000

Furniture 12,000 Sales 2,68,750
21. Explain any four advantages of Computerised
Accounting System. 4 Carriage inward 400

Land and Building 7,90,000
22. Calculate the amount of Total Sale of Mr. Amit
Stock (01-04-2017) 4,000
from the following information for the year ended
31st March, 2018. 4 Interest 600

Total debtors as on 1st April, 2017 40,000 Travelling expenses 1,300

Discount allowed 1,150
Total debtors as on 31st March, 2018 35,000
Return inward 1,800
Discount allowed 3,000
Bills Receivable 3,600
Bad debts 2,000
Insurance 2,300
Return inwards 5,000 Wages 3,300

Cash received from debtors 1,00,000 Salaries 6,500

Cash sales 1,50,000. 13,25,800 13,25,800

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(9 )

Additional Information:

(a) The stock on 31-03-2018 was valued at 4,890.

(b) Provide depreciation on Plant and Machinery
@ 10%.

(c) Outstanding salaries was 2,000 and unexpired
insurance amounted to 1,000.

Prepare Trading and Profit and Loss A/c for the year
ended 31st March, 2018 and a Balance Sheet as on
that date. 6

24. What is Accounting Information System? Explain the
relationship and data interface between the various
sub-components of MIS. 8

Or

Explain any two Accounting Softwares known to you.

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