CBSE Class 11 Accountancy Sample Paper Set K

CBSE Class 11 Accountancy Sample Paper Set K.Sample Papers are the very important for every student. The sample papers should be practiced to gain extra marks in examinations. The sample papers have been prepared based on pattern of last year examinations and as per latest changes in the syllabus. Students, teachers and parents can download all CBSE educational material and very well prepared worksheets from this website.  All CBSE educational material is developed by our panel of teachers, have also been submitted by CBSE teachers and students. 

1) Name two external users of accounting information. 

2) What do you mean by accounting standards? 

3) What is owner’s equity? Give an equation for owner’s equity. 

4) What is capital reserve? Give any two example of capital reserve. 

5) What do you mean by Amortisation? 

6) What do you mean by cost of goods sold? How is it calculated?

7) From the following balances prepare a trial balance.

Cash in hand          10,000        salaries                 15,000

Sales                     90,000       capital                    25,000

Bank overdraft       27,000       purchase return          9,000

Creditors              25,000        Machinery                39,000

Investment          10,000         carriage outward         5,000

Bad debts             3,000          building                   1,09,000

8) What do you mean by error of Principle? Give one example. 

9) Calculate gross profit and cost of goods sold from the following information: 

Net Sales 1,00,000

Gross profit is 25% on cost.

10) What is accounting ?Explain any three qualitative characteristics of accounting. 

11) What do you mean by sub-division of journal? What are its advantages? 

12) Journalise the following transactions: 

a) Goods worth Rs 4,000 were given as charity out of business.

b) Received Rs. 500 as bad debts written off last year.

c) Purchased goods for cash Rs 1,000 and credit Rs 500

d) Paid rent in advance Rs 1,000.

13) Rectify the following errors. 

a) A credit item of Rs 83 has been debited to a personal account, as Rs 38.

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