CBSE Class 11 Accountancy Sample Paper Set 7

CBSE Class 11 Accountancy Sample Paper Set 7. 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. If accounting information is based on facts and it is verifiable by documents, it has the quality of

a) Relevance

b) Reliability

c) Understandability

d) Comparability.

2. Which of these in not a fundamental accounting assumption?

a) Going Concern

b) Consistency

c) Accrual

d) Materiality

3. Accrual concept is based on:

a) Matching principle

b) Dual aspect principle

c) Cost Principle

d) Going concern concept.

4. Credit purchases of furniture will be recorded through which voucher?

a) Debit voucher

b) Credit voucher

c) Cash voucher

d) Transfer voucher

5. Goods costing Rs. 20,000/- is sold at a profit of 20% on cost and trade discount is allowed @10 and cash discount of 10% ia also allowed. Half the payment was received at the time of sale. What is the amount of cash received at the time of sale?

a) Rs. 9,720/-

b) Rs. 10,800/-

c) Rs. 11,880/-

d) Rs. 10,820/-.

6. Which of the following may have both Dr. or Cr. Balance?

a) Only cash column of cash book.

b) Only bank column of cash book.

c) Both cash and bank Column

d) Neither bank nor cash column.

7. Distinction between Cash basis of Accounting and Accrual basis of accounting.

8. Give example for each of the following type of transactions:

a) Increase in asset and increase in liability.

b) Decrease in asset and decrease in liability.

c) Decrease in asset and decrease in owner’s capital.

Please click the link below to download CBSE Class 11 Accountancy Sample Paper Set 7.