CBSE Class 11 Accountancy Sample Paper Set 1 Solved

CBSE Class 11 Accountancy Sample Paper Set 1 Solved. It’s always recommended to practice as many sample papers as possible before the examinations. Students can download the sample papers and also question papers of previous years to practice and score better marks in examinations. Refer to other links too for more sample papers. 

1.  XYZ Ltd. did not disclose all the significant information relating to the economic affairs in the financial statements in an understandable manner. Which accounting principle and human value is ignored? .

2.  Which qualitative characteristic of accounting information requires the use of common unit and common format of reporting?

3.  Why cash book is called a Principal book?

4.  Distinguish between Return inward book and Sales A/c.

5.  Ascertainment of profit after a very long period will be of no use because it will be too late to take corrective steps at that time .Identify the principal highlighted in the above statement.

6.  Explain any one advantage of ‘Imprest system of petty cash book’.

7.. “A firm prepares its books of accounts by manipulating certain transactions which helps them in evading tax.”

(i) State and explain which qualitative characteristic of accounting information the firm is ignoring?

(ii) Also state which limitation of accounting is highlighted in the above statement.

8.  (i) Jitender purchased goods from Ramesh costing Rs. 40,000, profit @20% on sales, at 8% trade discount and 5% cash discount. 70% the amount was paid by him. Pass the necessary journal entry.

(ii) State the utility of narration.

9. (i)What is the difference between Credit note and Debit note?

(ii) “Trial balance acts as a link between Ledger and final accounts.” Comment.

(iii) Can the Cash Account show a credit balance? Give reason in support of your answer.

10. Define Accounting and Accountancy. Also explain the relationship between the two.

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