MBOSE Class 11 Question Paper 2023 for Accountancy

Total No. of Printed Pages – 10 (2)
HS/XI/Com/Ac/23
(b) The balances of ledger accounts are transfered
2023 to:
(i) Journal
ACCOUNTANCY
(ii) Balance Sheet
( Commerce )
(iii) Trial Balance
Full Marks : 80
(iv) Subsidiary Books
Time : 3 hours

The figures in the margin indicate full marks for the questions (c) According to which principle, all the possible
General Instructions: losses are taken into account but not profits:

(i) All questions are compulsory. (i) Principle of Dual Aspect

(ii) Marks are shown against each questions (ii) Principle of Historical Cost
(iii) This question paper is divided into two parts, Part-A (iii) Principle of Materiality
and Part-B.
(iv) Principle of Conservatism.

PART – A
(d) Generally the duration of an Accounting Period
1. Choose the correct answer: 1x8=8 is of :

(i) 6 months
(a) Internal users of accounting information are:
(i) Employees (ii) 3 months
(ii) Management
(iii) 12 months
(iii) Owners
(iv) 1 month.
(iv) All of the above

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(3) (4)

(e) Tax paid on purchases by manufacturer or seller (h) Reserve is
of goods and services is known as
(i) an appropriation of profit
(i) Output GST (ii) a charge against profit
(ii) Input GST (iii) a part of provision

(iii) Sales Tax (iv) none of the above.

(iv) All of the above.
2. Give one example of Intangible asset. 1

(f) A Bank Reconciliation Statement is prepared by:
3. Name any two services which are exempted from the
(i) Bank levy of GST. 1

(ii) Customers of the Bank
4. When is a credit note prepared? 1
(iii) Debtors

(iv) Suppliers. 5. State one limitation of Trial balance. 1

6. Define Accounting Principles. 1
(g) Sales made for cash is recorded in the cash book
on the :
7. What is the fundamental or basic accounting
(i) Credit side of cash column equation? 1

(ii) Debit side of bank column
8. Mention any two causes of Depreciation. 1
(iii) Credit side of bank column

(iv) Debit side of cash column. 9. Give three advantages of double entry system. 3

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(5) (6)

10. Bring out any three basic objectives of having 15. Prepare double column Cash Book from the following
accounting standards. 3 information : 6
April 1 : Cash is hand 2,800
11. Briefly explain any three qualitative characteristics of
April 1 : Cash at bank 7,000
accounting information. 3
June 5 : Cash sales 6,000 plus CGST
and SGST @ 6% each.
12. Journalise the following transactions of M/s Shillong
Agency: 4 June 18 : Paid into the bank 3,000

2021 June 30 : Withdrew from Bank for
Personal use 1,500
April 1 Started Business with cash 50,000

April 16 Sold goods to Anil 4,000 June 30 : Paid rent 700 plus CGST and
plus CGST and SGST @ 6% each. SGST @ 6 % each.

April 30 Paid wages for the month 1,000

16. From the following information prepare a Bank
13. Show the accounting equation on the basis of the Reconciliation statement as on 31st March 2022. 6
following transactions: 4
(i) Debit balance as per cash book 12000
(i) Sam started business with cash 50,000.
(ii) Cheques issued but not presented for payment
(ii) Sam purchased furniture for cash 5,000. 3000.

(iii) He purchased goods for cash 30,000. (iii) Cheques deposited but not credited into account
1800.
(iv) Good costing 25,000 were sold on credit
35,000. (iv) Bank interest credited 180.

(v) Bank charges debited 60.
14. Distinguish between source documents and vouchers.
(any four points of differences) (vi) Direct deposit by customer in bank 1400.
4

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(7) (8)

17. ABC Ltd purchased a machinery on 1st April 2018 for 20. Give the formula to calculate cost of good sold. 1
3,50,000. It purchased another machinery on
1st July 2019 for 1,50,000 and another machinery
was purchased for 1,00,000 on 1st January 2021.
Depreciation is provided @ 10% p.a. on straight line
21. What are bad debts? 1
method. On 1st October 2021 the first machine which
was purchased on 1 st April 2018 was sold for
2,00,000.
Prepare machinery account for 4 years assuming
books of accounts are closed on 31st of March every 22. Calculate Gross profit when : 4
year. 8
Total purchase during the year – 4,00,000

Returns outwards – 10,000
PART – B

Direct expenses – 30,000
18. Returns outward is deducted from : 1
(i) Sales 2
3 of the goods are sold for – 3,05,000
(ii) Capital
(iii) Net Profit
(iv) Purchases 23. What is Profit and Loss account? How does it differ
from Trading account? 4
19. Outstanding expenses are : 1
(i) Liabilities
(ii) Assets
24. Bring out the differences between Capital
(iii) Revenue expenditure and Revenue expenditure. 4
(iv) Drawing

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(9 ) (10 )

25. From the following Trial Balance as on 31st March Additional Information :
2022. Prepare Trading and Profit and Loss account
(i) Stock in hand on 31st March 2022 5000
and Balance Sheet as at that date. 8
(ii) Salaries 500 and wages 500 were unpaid
Particulars Debit Credit
(iii) 25 included in Office Cleaning Expenses are
prepaid.
Opening Stock 2,500 –
(iv) Interest on Investment for last six months was
Purchases and Sales 20,000 50,000 accrued but not received.
Returns 2,500 1,000
Buildings 10,000

Wages 2,500 –
Debtors and Creditors 5,000 2,500
Interest – 500
Salaries 5,000 –
Machinery 15,000 –
Carriage inward 1,000 –
Carriage outward 2,500 –
Rent, Rates and Taxes 5,000 –
Capital – 24,500
Drawings 1,000
Office Expenses 1,000
Office Cleaning Expenses 500
Investment @ 20% p.a. 5,000
78,500 78,500

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