CBSE Board Class 11 Accountancy Sample Papers 2011

CBSE Board Sample Papers 2011 for Class 11 Accountancy


Time: Three Hours
Maximum Marks: 100

Note: The question paper is divided into two sections A and B. Attempt all questions of
Section A and any one question of Section B:

Section A

Note: All questions are compulsory

1.Give an example each of capital expenditure and revenue expenditure.

2.What is the legal provision of Profit sharing ratio if nothing is given in ‘Partnership Deed”?

3.A student of Accountancy feels that a Simple Cash Book always shows a credit balance. Give your opinion.

4.Define anyone of the following:
i) Vouchers
ii) Supporting Vouchers
iii) Accounting Vouchers

5.What is Bank Reconciliation Statement?

6.Give the names of any four assets in liquidity order.

7.Give the formulae of ‘Sacrificing ratio’ and ‘Gaining Ratio’.

8.Explain in brief the term ‘Accounting’ and give any two differences between book-keeping and Accounting.

9.What is ‘going-concern Assumption’? Explain briefly its significance.

10.The Capital of is a business concern is Rs. 1,00,000. The value of assets is Rs. 2,00,000. Complete the accounting equation with four suitable liabilities assuming imaginary figures.

11.Suppose the bank account in your ledger shows a credit balance. What will be the effect of following transactions in your pass book balance.
(i) One of your customers deposit some amount directly into your bank account.
(ii) Bank Charged interest on the amount overdrawn by you.
(iii)A cheque deposited last week by you has been dishonoured. Bank charged some amount on account of it.
(iv)Under your standing instructions Bank paid your insurance premium to the Insurance Company.

12.A, B and C are equal partners. B retires on March 1, 1997 and his share is taken over by A and C in the ratio of 3:5. Profits upto Dec.97 is Rs. 18,000. Total

13.Goodwill of the firm is Rs. 24,000. How much will B get from A and C for goodwill and how much will he get for profit for 1997? Pass necessary journal entries.

14.What is meant by the term ‘Forfeiture of Shares’? Can forfeited shares be reissued at discount? If so, to what extent? Where would you transfer the balance left in the shares forfeited account of the reissue of such shares?

15.A Ltd. Co. having a nominal capital of Rs. 20,00,000 divided into 2,00,000 equity shares of Rs. 10 each, offered to the public for subscription 1,00,000 equity shares at a premium of Rs. 2 per share payable as:

On application
On allotment
On Ist Call
On final Call

16.All the shares offered were applied for and alloted. The allotment money was received in full. A shareholder holding 100 shares failed to pay the first call and his shares were forfeited. These shares were reissued at Rs. 6 per share, Rs. 7 per share paid up. Final call has not been made.

17.(a) Stock on hand on 31.3.98 was Rs. 3,250
(b) Depreciate Building at 5%, Furniture and fittings @ 10% and Motor Vehicle by Rs.
(c) Rs. 85 is due for interest on Bank Overdraft.
(d) Salaries Rs. 300 and Taxes Rs. 120 are outstanding.
(e) Insurance is prepaid to the extent of Rs. 100.
(f) One fifth of the commission received is in respect of the work to be done next year.

18.Prepare Trading and Profit and Loss Account for the year ended 31st March 98 and Balance Sheet as on that date.

19.Prepare Accounting Vouchers:
Transfer of Share Application money to share capital A/c Rs. 20,000 and share Allotment money received Rs. 40,000
Prepare Transfer Voucher from the supporting voucher based on 1998 May I Purchased goods from M/s Ajay
Brothers vide Bill No. 100/- Rs. 3,000
i) Prepare a Debit voucher from the supporting voucher based on 1998 May 10 Wages paid vide wage sheet No. 21 Rs. 1,000
ii) Prepare a credit voucher from the following 1998
May 15 Withdraw cash from bank for office use vide cheque No. 1785 Rs. 1,500

Section B

Attempt any one question of section B:

20.How will you interpret the ratio calculated in the above question?
Calculate the funds from operation from the information given below:
Net Profit for the year
Rs. 65,000
Profit on sale of Building
Goodwill written off
Depreciation provided during the year
Machinery Costing Rs. 800 sold

21.a) Write short notes on:

ii)Entrance fees

b) i) Calculate what amount of subscription will be posted to Income and Expenditure A/c for the year ending 31st December 1997:

Subscription received during the year

For 1996-Rs.80
For 1997-Rs.4,220
For 1998-Rs. 160

There are 450 members, each paying Rs. 4,460 as annual subscription of Rs. 10, Rs. 90 were in arrears for 1996 at the beginning of 1997.

ii)Why do we prepare Income & Expenditure A/c in place of P&L A/c for Non Trading organization

c)From the information given below, prepare Income and Expenditure A/c for the year ended Dec. 31, 1997