Karnataka 1st PUC Model Question Paper 2027 for Accountancy (Paper 2)

FOR KARNATAKA CLASS 11 PREPARATION

Karnataka 1st PUC
Model Question Paper
2027 for Accountancy
(Paper 2)
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-2
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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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I. a g PART – A
Choose the correct answer from the choices given: (5×1=5)
1. Accounting records transactions in terms of;
a] Selling units
b] Monetary units
c] Production units
d] Marketing units

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2. Income tax worth ₹5,000 of the proprietor paid by a firm, the account to be debited is;

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a] Income tax A/c
b] Bank A/c
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c] Drawings A/c
d] Expenses A/c

3. Cash discount is provided on;
a] Prompt payment
b] Sale
c] Purchases
d] Delayed payment

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4. According to fixed installment method, the depreciation is calculated on;

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a] Balance amount

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b] Original cost

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c] Scrap value
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a d] Market value

5. Among following, who is external user of financial statements?
a] Owner
b] Creditor
c] Manager
d] Employee

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2026-27 ACCOUNTANCY MQP – 2 1

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II. Fill in the blanks by choosing the appropriate answers from those given in the brackets. (5×1=5)
( Credit, Financial, balances, Purchases returns, Consumption, Debit )
6. GST is a destination based tax on _____of goods and services.
7. Debit note is the basis for recording ______book.
8. Normally the cash book shows debit balance, pass book shows ______balance.
9. The trial balance is usually prepared with the ________ of accounts.
10. Balance sheet shows _____ position of the business enterprise.

III. Match the following: (5×1=5)
11. A B
a Goods i Free reserve
b Accounting concepts ii Products
c Difference in Trial balance iii Added to capital
d General reserve iv Basic assumptions
e Interest on capital v Suspense account
vi Deducted from capital

IV. Answer the following questions in One word or One sentence each: (5×1=5)
12. Give an example of voucher.
13. Name any one type of transaction recorded in the Journal Proper.
14. Pass book is the statement of account of the customer maintained by the bank.(State true or false)
15. Expand COGS.
16. On which side of the balance sheet, prepaid expenses are shown?

PART – B
V. Answer any three questions, each question carries 2 marks: (3×2= 6)
17. Define accounting.
18. Mention any two accounting concepts.
19. Why is Bank reconciliation statement is prepared?
20. State two basic objectives of preparing financial statements.
21. Give the journal entry for outstanding salary ₹5,000.

PART – C
VI. Answer any three questions, each question carries 6 marks: (3×6= 18)
22. Prepare Accounting Equation on the basis of the following:
a] Harish started business with cash ₹2,00,000
b] Purchased goods for cash ₹1,40,000
c] Sold goods for cash ₹10,000

2026-27 ACCOUNTANCY MQP – 2 2

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c. o 23. Prepare a petty cash book from the following information. The imprest

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2026
Jan. 01 Paid Cartage 60
Jan. 03 Paid Postage 50
Jan. 06 Refreshments to customers 110
Jan. 10 Courier charges paid 80
Jan. 12 Pen pencil and rubber purchased 130

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24. Enter the following transactions in Purchases book.
2026
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March 01
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Purchased goods from Ashok traders ₹20,000 at 10% trade discount
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08 Bought goods from Ramya traders of ₹10,000 on credit
10 Purchased goods from Shashidhar and company ₹18,000 on credit
15 Purchased old Motor car from Hemant on credit for ₹25,000
25 Ravi sold goods to us worth ₹5,000 at 5% trade discount

25. Rectify the following errors:
a] An amount of ₹1,000 spent on repairs to machinery has been debited to machinery account.
b] An amount of ₹2,000 withdrawn by the proprietor has been debited to office expenses account.
c] A sum of ₹3,000 received from Radha has been credited to Sudha.

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d] An amount paid towards salary of ₹4,000 has been debited to rent account.

26. From the following balances obtained from them
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records of Mr. Shankar, prepare the Trading

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Account for the year ending 31st March ,2026.
Particulars
Opening Stock
a ₹
2,00,000
Purchases for the year 20,00,000
Sales for the year 35,00,000
Carriage inwards 10,000
Closing stock is valued 5,00,000

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PART - D

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

27. Journalise the following transactions
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2026

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Jan,1 Business started with cash ₹1,00,000
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ag Jan,2 Opened bank Account with SBI ₹ 5000
Jan,5 Purchased goods for cash ₹10,000
Jan,8 Sold goods to Suma ₹20,000
Jan,10 Goods returned from Suma ₹2, 000
Jan,15 Cash received from Suma ₹17,500 in full settlement of her Account
Jan,20 Paid for stationary ₹1,000
Jan,23 Paid rent by cheque ₹4,000

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2026-27 ACCOUNTANCY MQP – 2 3

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Jan,25 Drew for personal use ₹3,000
Jan,28 Purchased furniture on credit from Siddeshwar Steels, Hubli ₹10, 000
Jan,30 Salary paid ₹5,000

28. Record the following transactions in two column cash book of Sagar and balance it:

Date Particulars ₹
2026
Feb.01 Bank balance 50,000
Cash balance 40,000
Feb.02 Paid insurance premium by cheque 8,000
Feb.05 Cash sales 25,000
Feb.08 Cash purchases 18,000
Feb.10 Cash deposited in to the bank 19,000
Feb.12 Telephone bill paid by cheque 2,500
Feb.15 Withdrawn cash from the bank for personal use 5,000
Feb.16 Cash withdrawn from bank for office use 10,000
Feb.18 Received cheque from Anand for full settlement of his A/c of 10,500
₹11,000 and deposited into the bank
Feb.22 Cartage paid in cash 1,500

29. Enter the following transactions in Sales book and Sales Return book and post them into ledger
accounts.
2026, Jan.01.Goods sold to Sachin ₹5,000
05. Sold goods to Suresh ₹12,000
13. Sold goods to Sundar ₹30,000
17. Goods returned by Sundar worth ₹5,000
20. Mahesh bought goods from us ₹10,000
30. Allowances claimed by Mahesh for shortage ₹500

30. From the following particulars, prepare Bank Reconciliation Statement
as on 31st March, 2026
a] Bank balance as per pass book ₹40,000.
b] Cheques issued, but not presented for payment ₹7,000.
c] Cheques paid into bank, but not collected by the bank₹6,000.
d] Interest on investments amounting to ₹1,500 appeared only in the pass book.
e] Direct deposit into the bank by a customer ₹2,000
f] Interest on bank deposits ₹4,300 credited in the pass book only.
g] Bank charges ₹300 debited in the pass book only.

31. M/s Shaha & Sons acquired a Machine for ₹90,000 on 01.07.2023 and spent
₹10,000 for its installation. On 01.10.2025, they purchased another machine for ₹60,000.
On 30-11-2025 they sold the Machine, which was purchased 01-07- 2023, for ₹75,000.
The firm writes off depreciation at the rate of 10% p.a. under Reducing Balance Method.
Books of accounts are closed on 31st March every year.
Prepare Machinery Account and Depreciation A/c the first 3 years

2026-27 ACCOUNTANCY MQP – 2 4

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32. From the following Trail Balance, prepare financial statements for the year ended March 31 st, 2026.

Debit Balances ₹ Credit Balances ₹
Machinery 8,000 Capital 18,000
Cash at Bank 2,000 Sales 32,000
Cash in hand 1,000 Sundry Creditors 9,000

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Wages 2,000 Commission received 600

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Purchases 16,000

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Stock on 1-4-2025 12,000
Sundry Debtors
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8,800
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Bills Receivable 5,800
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Rent 900
Legal expense 500
General expenses 1,600
Bad debts 1,000
Total 59,600 59,600
Adjustments:
1] Stock on 31-3-2026 ₹16,000.

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2] Depreciate machinery at 10%

4] Provide PDD at 5% on sundry debtors. .
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3] Rent prepaid ₹200.

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5] Commission received in advance ₹400.
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2026-27 ACCOUNTANCY MQP – 2 5

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