CBSE Class 11 Accountancy Question Paper Set 3 Solved

CBSE Class 11 Accountancy Question Paper Set 3 Solved. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

1 Is debit note a source document or an accounting voucher?

2 Nominal accounts are related with:-

(a) Capital

(b) Assets

(c) Liabilities

(d) Income and gains

3 A company purchased goods for Rs. 5,00,000 and sold 80% of such goods during the year. The market value of remaining goods was Rs. 90,000.The company valued the closing stock at cost. Is the company correct?

4 An accountant feels that since cash book is maintained, there is no need to open bank account. Is he correct in his views?

5 Jitender purchased goods from Ramesh having list price of Rs. 5,000 on cash basis at 8% trade discount and 5% cash discount. Half the amount was paid by him. The amount of discount account in his books will be:

(a) Rs. 400 (b)Rs.250 (c) Rs.230 (d)Rs.115

6 Distinguish between “Receipt and Payment account” and “Income and Expenditure account” on the basis of purpose.

7 (i) From the following information calculate operating profit:

Net profit                              Rs.4,00,000

Rent received                      Rs.40,000

Gain on sale of machine     Rs. 60,000

Interest paid on loans         Rs.80,000

Charity                                Rs.8,000

(ii) G Ltd imported from Germany one machinery for sale in India and another machinery for production purposes. Will you treat them goods or fixed assets?

8 How will you deal with following items while preparing the final accounts of a club for the year ending 31st March 2014?

Stock of stationery Rs. 4,000(on 1.4.13) and Rs. 3,000(on 31.3.14)

Creditors for stationery Rs.7,200(on 1.4.13) and Rs. 5,400(on 31.3.14)

Amount paid for stationery during the year 2013-14 Rs.25,000.

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