11 Accountany HY 24-25_124549

Gopi Radha Primary School & Girls Inter College
Ravindrapuri, Varanasi
Half Yearly Examination [2024-25]
Class- XI
Subject : Accountancy (156)
Time: 3 hrs 15 min M.M. – 100
Student’s Name : Invigilator’s Signature :
Instructions:
(i) The first 50 minutes are allotted for the candidates to read the question paper.
(ii) All questions are compulsory.
(iii) Question number 1 to 10 are multiple choice.
(iv) Question number 11 to 20 are very short answer type question and each to be
answer in about 30 words.
(v) Question number 21 to 26 are short answer type question and each is to be answer
in about 100 words.
(vi) Question number 27 to 30 are long answer type question. Solve them.
Multiple Choice Questions: (1 × 10 = 10)

1. Internal user of accounting information is / are:
(a) Potential investors (b) Management
(c) Employees (d) All of these
2. Goods means:
(a) Commodity to be bought and sold
(b) Commodity to be bought but not for sold
(c) Commodity to be used as an asset
(d) All of these
3. Various names of accounting principles are:
(a) Assumptions (b) Conventions
(c) Concepts (d) All of these
4. As per Income Tax Act, accounting period is from:
(a) 1st January to 31st December (b) 1st April to 31st March
(c) 1st July to 30th June (d) Diwali to Diwali
5. Which equation is correct out of the following?
(a) Assets = Liabilities – Capital (b) Assets = Capital – Liabilities
(c) Assets = Liabilities +¿ Capital (d) None of these
1
6. Tangible assets do not include:
(a) Goodwill (b) Stock (c) Furniture (d) Cash
7. Accounting Standards are needed:
(a) To bring uniformity in the financial statements of different enterprises
(b) To limit the area within which accountant has to function
(c) To bring clarity in accounting terminology
(d) All of these
8. Journal is a book of:
(a) Original entry (b) Final entry (c) Normal entry (d) None
9. GST came into effect from:
(a) 1st April 2017 (b) 1st July 2017
st
(c) 1 April 2014 (d) 1st July 2014
10. Cash book does not record transactions of:
(a) Cash nature (b) Credit nature
(c) Both of these (d) None of these
Very short answer type questions: (2 × 10 = 20)
11. Give a one point of distinction between bookkeeping and accounting.
12. What do you mean by Receipts?
13. What is convention of conservatism?
14. Write any two advantages of accrual basis of accounting.
15. What is cash basis of accounting?
16. Write any two merits of accounting standard.
17. What is accounting standard?
18. What is double entry system?
19. Define voucher.
20. Name the types of GST.
Short answer type questions: (5 × 6 = 30)
21. Discuss any five advantages of accounting.
22. Define any two of following:
a). Discount and its types
b). Liabilities and its types
c). Inventory and its types
23. Define any two accounting concepts.
24. Write some advantages of GST.
25. What is Ledger? Also define its advantages.
26. Distinguish between Journal and Ledger.
2
Long answer type questions: (10 × 4 = 40)
27. Prepare Accounting equation for the following:
a. Kulkarni started business with cash 5,00,000
b. He purchased furniture for cash 50,000
c. He purchased goods on credit 1,40,000
d. He sold goods costing 50,000 for cash 46,000
e. He sold goods costing 60,000 on credit 80,000
OR
Describe the rules of debit and credit according to American approach or
modern approach.
28. Record the following transactions in the Journal of Vishal Bros.:
2024
April 1 Commenced Business with Cash 2,50,000
2 Purchase Machinery 1,00,000
2 Purchase goods from Mohan for Cash 50,000
3 Goods Purchased from Ajay 70,000
4 Goods Returned to Ajay 10,000
8 Goods Sold to Rajiv for Cash 1,20,000
11 Full Amount Due to Ajay was Paid -
13 Salary Due to Clerk 25,000
21 Goods Sold to Samir 45,000
30 Charged Depreciation on Machinery 1,000
OR
Define Journal and its features. Also explain its any two advantages and
two disadvantages.
29. Enter the following in M/s Mukerjee & Bros. Single Column Cash Book:
2024
May 1 Balance of Cash in hand 50,000
3 Purchased goods for cash 22,000
7 Purchased goods 15,000
10 Purchased goods from Gopi 30,000
13 Purchased goods from Gopi for cash 10,000
15 Sold goods 20,000
18 Sold goods to Vishwakarma 45,000
20 Sold goods to Raghunandan for cash 18,000
25 Received commission 5,000
30 Paid rent 10,000
OR
Cash Book is a Journalised Ledger. Explain.
3
30. Enter the following transactions in the Purchase Book of Pawan Electric
Store, Lucknow, UP charged CGST @ 6% and SGST @ 6%:
2024
June 2 Purchased from Surya Electric Store, Varanasi, UP
50 Tubelights @ 80 each
12 Table Fans @ 750 each
Trade Discount @ 10%
June 10 Purchased from Sunny Light House, Panaji, Goa for cash
50 Table Lamps @ 725 each
June 22 Bought from New Light Traders, Kanpur, UP
40 Ceiling Fans @ 600 each
10 Electronic Irons @ 800 each
OR
Define Purchase Return Book and Sales Return Book with their blank
format.

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Gopi Radha Primary School & Girls Inter College

Student’s Name : Invigilator’s Signature :

Multiple Choice Questions: (1 × 10 = 10)

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