Karnataka 1st PUC Model Question Paper 2027 for Accountancy (Paper 1)

FOR KARNATAKA CLASS 11 PREPARATION

Karnataka 1st PUC
Model Question Paper
2027 for Accountancy
(Paper 1)
EXAM YEAR TYPE SUBJECT

Karnataka Class 11 2027 Sample Paper Accountancy

Notes · Sample Papers · Previous Year Papers · Mock Tests

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Government of Karnataka

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Department of School Education(Pre-University)
2026-27 FIRST PUC MODEL QUESTION PAPER-1
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SUBJECT: ACCOUNTANCY (30) MAXIMUM MARKS: 80
TIME: 03 HOURS NUMBER OF QUESTIONS: 32

INSTRUCTIONS:
1. The question paper contains four parts A, B, C and D.

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Part-A contains four sections I, II, III and IV

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2. Provide working notes wherever necessary.

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3. 15 minutes extra has been allotted for candidates to read the questions.
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4. Figures in the right hand margin indicate full marks.
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5. For Part-A questions, only the first written answers will be considered for evaluation.

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PART – A
I. Choose the correct answer from the choices given: (5×1=5)
1. Accounting equation is based on;
a] Cost concept
b] Separate entity concept
c] Dual aspect concept
d] Accrual concept

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2. The book in which all accounts are maintained is known as;

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a] Cash book

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b] Journal
c] Purchases book
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d] Ledger
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3. If wages paid for installation of new machinery is debited to wages account, it is;
a] An error of commission
b] An error of principle
c] Compensating error
d] An error of omission

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4. Among following, who is internal user of financial statements?
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a] Bank

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b] Government

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c] Society

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d] Owner

5. Outstanding expense is ______of the business;
a] A Liability
b] An Asset
c] An Expense
d] An extraordinary loss

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2026-27 ACCOUNTANCY MQP – m 1as
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II. Fill in the blanks by choosing the appropriate answers from those given in the brackets. (5×1=5)
( Debit, Less, Provision, Journal proper, Business, More)
6. Accounting is the language of______.
7. Asset sold on credit are recorded in________.
8. When money is withdrawn from the bank, the bank____ the account of the customer.
9. ______is a charge against the revenue of the current period.
10. Closing stock is valued at cost price or market price whichever is______.

III. Match the following: (5×1=5)
11. A B
a Documentary evidence i Petty cash book
b Increase in Asset ii Withdrawal exceeds deposits
c Imprest system iii Voucher
d Overdraft iv Appear twice
e Adjustment items v Debit
vi Credit

IV. Answer the following questions in One word or One sentence each: (5×1=5)
12. Expand GST
13. Cash book is both a ledger account and subsidiary book. (State True or False)
14. Give an example for error of commission.
15.What is depreciation?
16. Name any one financial statement.

PART – B
V. Answer any three questions, each question carries 2 marks: (3×2=6)
17. State any two objectives of accounting.
18. Give the meaning of Double entry system of accounting.
19. State any two causes for the difference between Cash book balance and Pass book balance.
20. Calculate Net profit;
Gross profit ₹2,00,000
Indirect expenses ₹1,40,000
Interest received ₹ 20,000
21. Write the journal entry for accrued (outstanding) incomes.

PART – C
VI. Answer any three questions, each question carries 6 marks: (3×6=18)

22. Classify the following accounts into Assets, Liabilities, Capital, Expenses/Losses and Revenue/gains.
a Cash A/c g Computer A/c
b Capital A/c h Salary A/c
c Bank loan A/c i Sales A/c
d Machinery A/c j Purchases A/c
e Rent paid A/c k Creditors A/c
f Commission received A/c l Drawings A/c

2026-27 ACCOUNTANCY MQP – 1 2

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se 23. Record the following
Date
transactions in the
Particulars ag
petty cash book under
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imprest
₹
2026
April 01 Received cash from head cashier 500
05 Paid for stationery 100
10 Postage charges 50
15 Cartage 170
20 Xerox charges 130
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24. Enter the following transactions in Sales book.

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2026
March 01
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Sold goods to Asha traders ₹10,000 at 10% trade discount
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Sold goods to Ramya traders of ₹7,000 on credit
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10 Sold goods to Shankar and company ₹8,000 on credit
15 Sold old Motor car to Hemant on credit for ₹25,000
25 Sold goods to Ravi ₹5,000 at 5% trade discount

25. From the following ledger balances, prepare Trial balance as on 31-03-2026
Sl.No Head of Accounts ₹
1 Purchases 95,000
2 Sales 1,36,000

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3 Bank loan 20,000

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4 Machinery 50,000

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5 Cash 46,000
6 Capital
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Debtors
Creditors a 80,000
17,000
9 Bills receivable 4,000
10 Bills payable 2,000

26. From the following particulars, prepare Balance sheet as on 31-03-2026
Account name ₹ Account name ₹

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Capital 1,00,000 Drawings 20,000

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Land & Building 40,000 Machinery 40,000

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Furniture 25,000 Sundry creditors 20,000

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Cash in hand 15,000 Closing stock 22,000

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Bank loan 32,000 Net profit 10,000

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PART - D
VII. Answer any three questions. Each question carries 12 marks: (3×12=36)

27. Journalise the following transactions in the books of Anand traders;
2026
Jan 01 Commenced business with cash ₹40,000
02 Opened account in bank by depositing ₹5,000
03 Bought goods from Ramesh ₹10,000
05 Sold goods to Vishal ₹15,000
08 Returned goods to Ramesh ₹300
12 Vishal returned goods to us ₹500
15 Paid Ramesh ₹9,500 and earned discount of ₹200
18 Received cheque from Vishal ₹10,000 and the balance by cash ₹4,500
20 Withdrew cash ₹1,000 for personal use
25 Paid salary ₹2,000

28. Record the following transactions in two column cash book of Sagar and balance it.
Date Particulars ₹
2026 Cash balance 35,000
April 01
01 Bank balance 80,000
05 Insurance premium paid by cheque 6,000
10 Cash Sales 25,000
12 Cash purchases 28,000
15 Cash deposited into bank 19,000
18 Telephone bill paid by cheque 2,500
20 Withdrew cash from bank for personal use 5,000
22 Cash withdrawn from bank for office use 10,000
25 Received cheque from Anand on account and deposited it into bank 12,000

29. Enter the following transactions in proper subsidiary books.
2026
June 01. Goods sold to Sachin ₹5,000
03. Purchased goods from Kushal traders ₹2,500.
05. Sold goods to Suresh ₹12,000
08. Sold goods to Kiran ₹35,000 less 10% trade discount
10. Purchased goods from Mohan for ₹15,000 less 5% trade discount
13. Sold goods to Sundar ₹30,000
17. Goods returned by Sundar worth ₹5,000
20. Goods returned to Mohan ₹4,750(net)
22. Sold goods to Thamos ₹2,000 for cash
25. Purchased goods from Naveen ₹20,000
28. Returned goods to Naveen worth ₹1,000
30. Allowances claimed by Suresh for shortage ₹500

2026-27 ACCOUNTANCY MQP – 1 4

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c. o 30. From the following particulars, prepare Bank Reconciliation Statement

e as on March 31, 2026. m
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se a) Bank balance as per Cash book ₹75,000
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a ₹8,000
b) Cheques issued but not cashed prior to March 31,2026
c) Direct deposit by a customer into our bank account ₹6,000
d) Bank charges debited in pass book only ₹500
e) Cheques paid into bank, but not cleared before March 31,2026 ₹7,000
f) Interest credited in the pass book only ₹1,000
g) Insurance premium paid by the bank understanding advice ₹800.

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31. On 1st April 2023, Someshwar Co. Ltd., purchased a Machine for ₹1,75,000 and spent ₹25,000

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for its installation. On 30-09-2024 it purchased another Machine for ₹1,00,000. On 01-01-2026,

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it sold the Machine which was purchased on 30-09-2024 for ₹90,000.

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The Company charges depreciation at 10% p.a. on Straight Line Method. The accounts are
closed on 31st March every year. Prepare Machinery Account and Depreciation Account for first
three years.

32. From the following Trial balance and adjustments given below, prepare Trading and Profit and
Loss Account for the year ending 31-03-2026 and the Balance sheet on that date.
Trial balance as on 31-03-2026
Name of the Account Debit(₹) Credit (₹)

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Capital - 2,50,000

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Drawings 25,000 -

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Land and Building 50,000 -
Plant and Machinery
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Purchases and Sales
Returns a 4,00,000
50,000
5,00,000
40,000
Stock on 01-04-2025 75,000 -
Furniture 94,000 -
Salaries 11,500 -
Insurance 5,000 -
Debtors and Creditors 76,000 55,000

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Bank Loan - 20,000

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Commission - 4,000
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Wages 12,000 -

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Cash in hand 40,500 -

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Total 8,69,000 8,69,000

a Adjustments:
1) Stock on 31-03-2026 was valued at ₹26,000
2) Insurance prepaid to the extent of ₹500
3) Outstanding salaries ₹5,000
4) Depreciate Plant and Machinery by 10%
5) Make provision for doubtful debts at 5% on debtors.

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2026-27 ACCOUNTANCY MQP – m 5as
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