DELHI PUBLIC SCHOOL JAMMU

SAMPLE PAPER

HALF YEARLY (2025-26)

Class XI Sub-Accountancy
MM: 80 Time: 3 Hours

General instructions :

1. This question paper comprises of only one part. There are 34 questions in the question
paper. All questions are compulsory.
2. Question nos. 1 to 20 are very short answer type questions carrying 1 mark each.
3. Question nos. 21 to 26 are short answer type–I questions carrying 3 marks each.
4. Question nos. 27 to 29 are short answer type-II questions carrying 4 marks each.
5. Question no. 30 to 34are long answer type questions carrying 6 marks.

1. The person, firm or institution who does not pay the price in cash for the goods purchased or the
services received is called-
(a) Creditor
(b) Proprietor
(c) Debtor
(d)None of these.
2. In India, the accounting standard board was set up in the year-
(a) 1972
(b) 1977
(c) 1956
(d) 1932.
3. The basic accounting postulates are denoted by –
(a) Concepts
(b) Book – keeping
(c) Accounting standards
(d) None of these.
4. As per American Belief, Accounts are of how many types-
(a) Two
(b) Three
(c) Five
(d) Four.
5. Income tax is treated as-
(a) Business Expense
(b) Direct Expense
(c) Personal Expense
(d) Indirect Expense.
6. The person, firm, or institution who does not pay the price in cash for the goods purchased or the
services received is called ______.
(a) Creditor
(b) Proprietor
(c) Debtor
(d) None of these
7. IFRS are:
a) Principles based accounting standards
b) Rule based accounting standards
c) Partially rule and partially principles
d) None of the options
8. A liability arises because of:
a) Credit transaction
b) Cash transaction
c) None of the options
d) Cash and credit transaction
9. A concept that a business enterprise will not be sold or liquidated in the near future is known as :
(a) Going concern
(b) Economic entity
(c) Monetary unit
(d) None of the above
10. Use of common unit of measurement and common format of reporting promotes
(a) Comparability
(b) Understandability
(c) Relevance
(d) Reliability
11. Sales of Goods to Ram is debited to
(a) Ram
(b) Cash A/c
(c) Sales A/c
(d) Stock A/c
12. The nature of Accrued income is
(a) Revenue
(b) Liability
(c) Expenses
(d) Asset
13.Why transactions are first recorded in journal?
14. Namita has returned goods worth ₹25,900 to Namrita. Which ‘Source document’ will be
prepared by Namrita?
A. Invoice B. Debit note C. Credit note D. Cash Memo 1
15. The head under which transactions pertaining to a person, institution, firm, expenses, assets etc.
is recorded is called……..
16. Find the correct statement 1
A. Decrease in income is credited B. Increase in expenses is credited
C. Increase in revenue is debited D. Increase in capital is credited
17. Mr Raj, an electronic goods dealer, gifted a microwave of value Rs. 30,000 to his friend Rohan
and recorded it in books as drawing. Is he correct?
18. Valuation of stock to be made either at its book value or its market value whichever is
less” It is stated by which accounting concept? 1
(a) Cost
(b) Money measurement
(c) Objectivity
(d) Prudence

15. To determine financial position of a business ………..is prepared.

16. Match the following:

1. Asset (a) Bank

2. Personal account (b) Furniture

3. income tax (c) Real account

4. Asset installation expense (d) Personal account.

17. i) From the following information calculate the value of total assets of the firm:
Capital in the beginning- Rs. 4,50,000, Revenue earned during the year- Rs. 2,00,000,
Expenses incurred- 1,50,000, Drawings during the year- Rs. 20,000, Creditors- Rs 1,20,000,
Bank Loan- 70,000, Current Assets- Rs. 1,70,000 3
18. Give an example for each of the following types of transactions
(a) Decrease in assets and decrease in liability
(b) Increase in cash and increase in capital
(c) Decrease in one asset and increase in another asset. 3

19. Why is the evidence provided by source documents important to accounting? 3

July ₹
2017

01 Paid cartage 500

02 STD charges 40

02 Bus fare 200

03 Postage 30

04 Refreshment for employees 80

06 Courier charges 300

08 Refreshment of customer 50

22. Rahul sold 100 cricket bats to V. Sports @ Rs. 5,000 each less 25% trade discount and 2% cash
discount if V Sports pays the amount within 14 days of sale. V Sports paid the amount within 14
days. What will be the journal entries for the above transactions in the books of Rahul? 3
23. Prepare a Purchase Day book of Shiv Stationery from the following information. 4
2018 Purchased from Gagan Stationery Mart on credit
June 1 (a) 70 dozen pencils @ ₹ 25 dozen
(b) 10 dozen registers @ ₹ 15 per register
June 10 Purchased from Amrit Furniture
2 tables @ ₹ 1,500 per table.
June 15 Purchased 3 dozen ink pots @ ₹ 80 per dozen from Mehar paper
Company and received cash discount of ₹ 50
24. State the differences between accrual and cash basis of accounting 4
25. Explain any three of the following accounting conventions 4
a. Full Disclosure b. Conservation
26. Prepare a Trial Balance from the balances extracted from the books of Archit as at 31/3/2022
Sales 3,00,000 Closing stock (Unadjusted) 25,000 Salary and wages 5,000 Outstanding
advertising expenses 5,000 Investment 2,00,000 Opening stock 50,000 Purchases 2,00,000
Discount received 1,500 Carriage inwards 1,500 Interest on investments 20,000 Capital 1,05,000
6
27. Journalise the following transactions:
(a) A debtor from whom ₹1000 was due became insolvent and his acc is to be written off as bad
(b) Cash withdrawn from bank ₹5000
(c) Depreciate Machinery worth ₹3000 @10% for the full year
(d) Paid interest on loan ₹250
(e) Cash withdrawn from bank for pursonal use ₹200
(f) Paid carriage on purchase ₹200 and carriage on sales ₹100
32. . Record the following transactions in the double column Cash Book of ‘Vertika’. Prepare
Journal proper if required. 6
1/1/22 Cash in hand ₹2,500 and at bank ₹25,000
2/1/22 Received a cheque of ₹10,000 from Jeetansh
3/1/22 Paid Salaries by cheque ₹5,000 and cash ₹2000
4/1/22 Dividend collected by bank ₹2,500
5/1/22 Cheque received from Jeetansh deposited in bank
6/1/22 Withdrew ₹2,500 from bank for office use
33. a) On 31st March, 2021, Shukla’s Assets and liabilities are as under
Assets- Building Rs30,000, Machinery Rs. 10,000, Furniture Rs. 7,000, Debtors Rs 12,000,
Stock- 9,000, Bank Rs. 17,000
Liabilities- Bills Payable- 4,000, Raj;s Loan- 15,000, Creditors Rs.20,000
Pass opening Journal Entry on Ist April, 2021
b) Journalise the following Transactions:
I) Goods uninsured destroyed by the fire worth Rs. 6000
ii) Goods destroyed by the fire worth Rs. 2,000 and insurance company accepted claim Rs 1900
iii) Income Tax paid Rs. 5,000
iv) Paid cash Rs. 20,000 on installation of machinery.
34. Analyse the effect of each transaction and prove that the accounting equation(A = L + C) always
remains balanced.
i. Introduced Rs 4,00,000 as cash and Rs 25,000 by stock.
ii. Purchased plant for Rs 1,50,000 by paying Rs 7,500 in cash and balance at a later date.
iii. Deposited Rs 3,00,000 into the bank.
iv. Purchased office furniture for Rs 50,000 and made payment by cheque.
v. Purchased goods worth Rs 40,000 for cash and for Rs 17,500 on credit.
vi. Goods amounting to Rs 22,500 was sold for Rs 30,000 on cash basis.
vii. Goods costing to 1 40,000 was sold for 1 62,500 on credit basis.
viii. Cheque issued to the supplier of goods worth Rs 17,500.
ix. Cheque received from customer amounting to Rs 37,500.
x. Withdrawn by owner for personal use Rs 12,500.
xi. Rent Outstanding Rs. 2,000
xii. Int on drawings charged @ 5%.