KENDRIYA VIDYALAYA SANGATHAN HYDERABAD REGION

HALF YEARLY EXAMINATION 2024-25

CLASS -XI SUB: ACCOUNTANCY

TimeAllowed:3 Hours MaximumMarks:80

GENERAL INSTRUCTIONS:

(i) The question papercontains34 questions. All questions are compulsory.

(ii) Question No. 1 to 20 carries 1 mark each.
(iii) Question No.21 to26 carries 3 mark each.
(iv) Question No.27 to 29carries 4 mark each.
(v) Question No. 30 to 34 carries 6 mark each.
(vi) There is no overall choice. However, an internal choice has been
provided in 5 questions of one mark, 2 questions of three marks, 1
question of four marks And 2 questions of six marks.

Q No QUESTION MARKS
1 Which one of the following is not recorded in his books of accounts? 1
a) Withdraw Rs. 10,000 from business for personal use by the owner.
b) Proprietor withdraw Rs. 20,000 from bank account of firm to pay the school fees of his son.
c) Proprietor withdraw Rs. 12,000 from his personal bank account to pay the school fees of his
son.
d) Goods taken worth Rs. 3,000 for personal use.
2 Which of the following is not a step in the process of accounting? 1
(a) Recording transactions in the books of original entry. (b) Posting to Ledger.
(c) Preparation of Trial Balance. (d) Payment of Tax.
3 Due to which Concept qualitative transactions are not recorded in the books: 1
(a) Business Entity Concept (b) Money Measurement Concept
(c) Historical cost Concept (d) Dual Aspect Concept
4 Due to which of the following, contingent liabilities are shown in the Balance Sheet: 1
(a) Dual Aspect Concept (b) Convention of Full Disclosure
(c) Convention of Materiality (d) Going Concern Concept
5 Rohan returned goods worth Rs. 20,000 to Radhelal as he found defective. Which document will 1
be prepared by Radhelal.
a) Invoice /Bill b. Debit note c. Credit Note d. Credit voucher
OR
When a trader sells goods on credit, he prepares …………….. which contains the name of party to
whom goods are sold, the rate and quantity and total amount of sale.
a) Cash memo b) invoice c)debit note d) receipt
6 The process of transferring of items from a journal to their respective ledger accounts is called as. 1
(a) Entry (b) Arithmetic (c) Balancing (d) Posting
7 GAAP means- 1
a. Generally accepted accounting principles
b. Generally accepted accounting policies
c. Generally accepted accounting procedures
d. Globally accepted accounting principles

1
OR
Accounting standards are formulated by-
A) By Planning Commission
B) Institute Of Chartered Of Accountants Of India
C) Companies Act
D) By Institute Of Company Secretary Of India
8 Find the correct statement: 1
(a) Credit the increase in assets (b) Credit the increase in expenses
(c) Debit the increase in revenue (d) Credit the increase in capital
9 Purchase of fixed assets on credit is originally recorded in 1
(a) Purchases book (b) Ledger (c) Cash book (d) Journal proper
10 Which equation is incorrect 1
a) assets= liabilities +capital
b) capital = assets – liabilities
c) liabilities= assets – capital
d) assets = liabilities – capital
11 If both debit and credit aspect of a transaction are recorded in the cash book, it is 1
called………………
(a) Contra Entry (b) Compound Entry
(c) Single Entry (d)Complex Entry
OR
Imprest system is followed in the case of-
A) purchase book B) sales book C) petty cash book D) cash book
12 Assertion (A): Overdraft balance as per Pass Book means negative balance as per Pass Book. 1

Reason (R): An overdraft balance is treated as negative figure in a Bank Reconciliation

Statement.
Based on the above statements, which of the options is correct.

a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of
Assertion (A).
b) Both Assertion (A) and Reason (R) are correct and Reason (R) is correct explanation of
Assertion (A).
c) Assertion (A) is correct but Reason (R) is not correct.
d) Assertion (A) is not correct but the Reason (R) is correct.
13 A Bank Reconciliation Statement is made up using the ……… 1
a) The bank column of the Cashbook and the Bank Statement
b) The Cash column of the Cashbook and Bank statement
c) Bank column of the cash book and cash column of the Cashbook
d) None of the above
14 Bank charges Rs. 500 credited twice in cash book. What should be done in Bank Reconciliation 1
statement , if balance as per cash book is starting point?
(a) Rs. 500 must be deducted (b) Rs. 500 must be added
(c) Rs. 1,000 must be deducted (d) Rs. 1000 must be added
OR
Which of the following is balance as per Pass Book , given
i) Debit balance of cash book Rs. 25,000
ii) Cheque issued for Rs. 18,000 out of which only Rs. 4,000 were presented for payment
a) 39,000 b) 11,000
c) 29,000 d) 21,000

2
15 If the original cost is ₹ 1,36,000, salvage value is ₹ 10,000 and useful 1
life is six years, depreciation will be ...............under straight line
method.
a) 18,000 b) 19,000 c) 21,000 d) 25,000
OR
Profit on sale of asset is used to create –
a) general reserve b) specific reserve c) capital reserve d) all of above
16 …………….refers to writing off intangible assets 1
a) amortisation b) depreciation
c) depletion d) Obsolescence
17 Assertion – In written down value method, rate of depreciation gets reduced every year. 1
Reason- In case of written down value method, the balance of asset is never reduced to zero level.
a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of
Assertion (A).
b) Both Assertion (A) and Reason (R) are correct and Reason (R) is correct explanation of
Assertion (A).
c) Assertion (A) is correct but Reason (R) is not correct.
d) Assertion (A) is not correct but the Reason (R) is correct.
18 Credit sale of Rs.10,000 made to Saran was passed through purchase book. The proper entry for 1
rectification was the following:
(a) Saran A/c Dr. 10,000 To Sales A/c 10,000
(b) Saran A/c Dr. 20,000 To Purchases A/c 20,000
(c). Saran A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000
(d) None of the above
19 Rs. 550 wrongly entered as Rs.500 in the books is termed as error of: 1
(a) Omission (b) Commission (c) Principle (d) Compensating
20 When the rule of double entry are not strictly followed, error caused are called error of- 1
a) Omission (b) Principle (c) compensating (d) commission
21 Explain any three the qualitative characteristics of Accounting Information 3
OR
Distinguish between ‘Cash basis’ and ‘Accrual basis’ of Accounting
22 What do you mean by GST? Explain its types. 3
23 Record the following transactions in the Sales Book of Modern Furniture House. 3
2020
June2:Sold to five star Furniture Store, Patiala on credit
150 chairs @Rs.1,800 each
36 tables @Rs.5,000each
Trade Discount@ 20%
June5: Sold to Vishal Furniture House, Amritsar
10 almirah @ Rs.11,000 each
5 Sofa [email protected],000each
Trade discount @15%
June20: Sold to Parkash furniture Mart for cash
[email protected],000each
Trade discount @ 5%
24 State any three causes of difference between Cash Book balance and Pass Book balance due to 3
time gap.
25 Explain the meaning of any three of following terms- 3
(i)Expenditure ii) Non Current Asset iii) Creditors iv) Inventory
26 Distinguish between Straight Line Method and Written Down Value Method. 3
Or
Differentiate between provision and reserve.

3
27 Identify and explain the Accounting Principles/Concepts/Conventions followed or violated in the 4
following situations: (2+2)
a. Depreciation is to be charged as per one method one after one year.
b. Goods withdrawn by owner for his personal use has not been recorded in books of accounts.
Or
1. Describe relevance of accounting concepts/principles in accounting.
2. Name the concept / assumption related to the following statements:
a) The cost of stationery is accounted as an expense and not shown as an asset (in financial
statements.
(b) Provision for discount on creditors is not created.
(c) The owner of the business shows his capital as a liability and not shown as an asset
28 Prepare Accounting Equation from the following transactions: 4
1. Amrisha started business with cash Rs. 30,000 and Goods Rs. 50,000.
2. Purchased goods from Rupali for cash Rs.20,000 and on credit Rs.15,000.
3. Sold goods (costing Rs.45,000) for Rs. 65,000 out of which Rs. 40,000 received in cash.
4. Outstanding Rent Rs. 2,000.
29 Prepare the Trial Balance of M/s Sunny enterprises as at 31st March, 2022. There is no need to 4
balance it.
Particulars Amount(Rs)
Bank Overdraft 85,000
Sales 8,10,000
Purchases Return 22,500
Debtors 4,00,500
Wages 96,000
Capital 1,58,750
Purchases 4,45,000
Cash in Hand 8,500
Creditors 2,15,000
Sales Return 15,750
Equipment 25,000
Opening Stock 3,00,500
30. Journalise the following transactions: 6
1. Received a cheque from J. peter Rs. 5,450. Allowed him a discount Rs. 150. Cheque is
immediately deposited into bank.
2. Purchase machinery Rs. 50,000 by cheque and installation charges of machinery Rs. 2,500
paid in cash.
3. Paid income tax Rs. 20,000 by cheque
4. Ajith is declared insolvent. Received from his Official Receiver 40 paise in a rupee on a debt
of Rs.70,000.
5.Provide 12% interest on capital amounting to Rs. 10,00,000.
6. Goods given away as charity Rs. 10,000
31 M/s Ruchi traders started their cash book with the following balances on 1st July 2020 6
Cash in hand ₹1354 and bank overdraft balance in current a/c ₹ 7560.
He had following transactions in the month of July 2020.
2020 Cash sales Rs.2,300
July 03
05 Purchased goods paid by cheque Rs.6,000
10 Sold goods and received cheque deposited into bank on same Day Rs.20,000
18 Purchased motor car by cheque Rs.15,000
20 Cheque received from Manisha and deposited into bank same day Rs.10,000
22 Cash sales Rs.7,000
25 Manisha’s cheque dishonoured
28 Cash withdrawn for personal use Rs.500

4
32 On 30th June, 2024, the bank column of Mohan Kapoor's Cash Book showed a debit balance of
Rs.12,000. On checking the Cash Book with bank statement, you find that: -
1. Cheques paid into Bank Rs. 8,000, but out of these only cheques of Rs. 6,500 were cleared
and credited by the Bankers up to 30th June.
2. Cheques of Rs. 9,200 were issued but out of these only cheques of Rs. 7,000 were presented
for payment up to 30th June.
3. The receipt column of the Cash Book has been undercast by Rs.200.
4. The Pass Book shows a credit of Rs. 330 as interest on investments collected by bankers and
debit of Rs. 60 for bank charges.
5. On 29th June a Customer deposited Rs. 3,000 direct in the bank account but it was entered
only in the Pass Book.
Prepare a Bank Reconciliation Statement.

Or
On 30th June, 2024 the Pass Book of Sh. Mahabir Prashad showed a balance of Rs. 22,000. On
comparing the Pass Book with Cash Book the following differences were found: -
1. Mahabir Prashad had paid into the Bank on 26th June four cheques for Rs.3,000; Rs. 6,000; Rs.
8,000 and Rs. 10,000. Of these, the cheque for Rs. 6,000 was credited by the bank in July 2024.
2. On 23rd June three cheques were drawn for Rs. 12,000; Rs.13,000 and Rs. 16,000. The first
two cheques were presented to the bank for payment in June and the third in July 2024.
3. Cheques amounting to Rs.3,600 were deposited in the bank but no entry was passed in the
Cash Book.
4. Bank charges entered in Cash Book twice Rs. 50.
5. Cheque received entered twice in the Cash Book Rs. 3,200.
Prepare a Bank Reconciliation Statement as on 30th June 2024
33 Rectify the following errors which were detected before preparing trial balance 6
a) Credit sales to Arun Rs. 7,000 were recorded as Rs. 7,200
b) Goods purchased from Sam for Rs.6,000 omitted to record.
c) Goods returned from Esha Rs. 2,000 were recorded in purchase return book
d) Amount withdrawn by the proprietor Rs.500 for personal use debited in office expenses
account.
e) Cash paid for stationery Rs.100 recorded twice in the cashbook.
f) Furniture purchased from Mahesh of Rs.5000 wrongly entered in purchase book
34 On April 1, 2022, Z Ltd. Purchased a plant for Rs.5,00, 000.On 1st October in the same year, 6
additional plant costing Rs.2,00,000 was purchased. On 1st October 2023, the plant purchased on
1st April 2022, having become obsolete was sold off for Rs.2,65,000. On 1st July 2024, new plant
was purchased for Rs.8,00,000 and on the same date plant purchased on 1sr October 2022 was
sold for Rs.1,70,000. The Firm provides depreciation @10% p.a. on original cost on 31st March
every year. You are required to show i)Plant Account ii) Provision for depreciation a/c
OR
On 1st April 2019, Sun Ltd purchased a machinery for Rs.3,90,000 on which they spent Rs.5,000
for carriage, Rs,2,000 for brokerage, Rs. 2,500 for installation and Rs.500 for iron pad. On 1st
November 2020, they purchased another machinery for Rs.1,00,000 and immediately spent
Rs.20,000 on its overhauling. On 30th September 2021, the machinery purchased in 2017 was sold
at a loss of Rs.1,27,800. The company charged depreciation @10% on written down value basis.
Accounts are closed on 31st March every year. Prepare machinery account up to 31st
March ,2022.
***