Accountancy Question Paper 2025 [AHSEC Class 11 Accountancy Question Papers New Syllabus]

Accountancy Question Paper 2025
AHSEC Class 1 Accountancy Question Papers

[Accountancy Class 11 Question Paper, AHSEC Question Papers, Accountancy, 2024]

Full Marks: 80

Pass Marks: 24

Time: 3 hours

Give the answers of Part-A in the OMR Answer-Sheet provided.

ALLOTMENT OF MARKS

Part-A

Q. Nos. 1 to 40 carry 1 mark each: 1x40 = 40

Part-B

Q. Nos. 41 to 50 carry 2 marks each (any five out of ten): 2x5 = 10

Q. Nos. 51 to 58 carry 3 marks each (any five out of eight): 3x5 = 15

Q. Nos. 59 to 63 carry 5 marks each (any three out of five): 5x3 = 15

Total = 80

The figures in the margin indicate full marks for the questions.

PART-A (Marks: 40)

Choose the correct answer: 1x40=40

1. According to going-concern concept, a business is viewed as having

(a) a limited life

(b) a very long life

(c) an indefinite life

(d) None of the above

2. A Balance Sheet shows the financial position of a firm

(a) for a given period

(b) on a particular point of time

(c) over the years

(d) for the whole life of the firm

3. Recording of the business transactions in a systematic way is called

(a) Accounting

(b) Recording

(c) Journalizing

(d) Book-keeping

4. The amount drawn by a businessman for his personal use is

(a) capital

(b) drawing

(c) expenditure

(d) loss

5. In India, the Accounting Standard Board was set up in the year

(a) 1972

(b) 1977

(c) 1956

(d) 1932

6. Which of the following is a cash transaction?

(a) Sold goods

(b) Sold goods to Mr. Ram

(c) Sold goods to Mrs. Sita on credit

(d) Sold goods to Mr. Laxman on account

7. Ledger is a book of ______ in Accounting.

(a) all non-cash transactions

(b) secondary entry

(c) original entry

(d) all cash transactions

8. Return of goods by a customer is recorded in

(a) purchase book

(b) sales book

(c) sales return book

(d) purchase return book

9. Credit balance of the Bank A/c in the cashbook shows

(a) overdraft

(b) cash deposited into our bank

(c) cash is withdrawn from the bank

(d) None of the above

10. Drawings falls under

(a) Personal A/c

(b) Real A/c

(c) Nominal A/c

(d) None of the above

11. Bank Reconciliation Statement compares with a bank

(a) cash payment journal

(b) cash receipt journal

(c) financial statement

(d) cashbook

12. If the Trial Balance does not tally after many efforts, then the ______ is opened.

(a) Purchase A/c

(b) Suspense A/c

(c) Sales A/c

(d) None of the above

13. If wages paid for the installation of new machinery is debited to the Wages A/c, it is

(a) Error of commission

(b) Error of principle

(c) Compensating error

(d) Error of omission

14. How many methods are there for preparing a Trial Balance?

(a) One

(b) Three

(c) Four

(d) None of the above

15. The loss of sales of assets is

(a) debited to Profit & Loss A/c

(b) reflected in Trial Balance credit side

(c) reflected in Balance Sheet

(d) debited to Trading A/c

16. Depreciation is charged on

(a) Current Assets

(b) Fixed Assets

(c) both Current Assets and Fixed Assets

(d) None of the above

17. Which of the following methods of depreciation is not recognized by Income-tax Law?

(a) Straight-line method

(b) Diminishing-balance method

(c) Both SLM and DBM

(d) None of the above

18. Choose the correct chronological order of ascertainment of the following profits from the Profit & Loss A/c:

(a) Operating Profit, Net Profit, Gross Profit

(b) Operating Profit, Gross Profit, Net Profit

(c) Gross Profit, Operating Profit, Net Profit

(d) Gross Profit, Net Profit, Operating Profit

19. Direct expenses are entered in

(a) Trading A/c

(b) Profit & Loss A/c

(c) Balance Sheet

(d) None of the above

20. Generally, incomplete records are maintained by

(a) trader

(b) society

(c) company

(d) government

21. Liabilities and assets amount ₹50,000 and ₹78,000 respectively. The difference amount will represent

(a) creditors

(b) debtors

(c) profit

(d) capital

22. Incomplete record mechanism of Book-keeping is

(a) scientific

(b) unscientific

(c) unsystematic

(d) Both (a) and (b)

23. The Trading and Profit & Loss A/c is prepared under

(a) summarizing

(b) recording

(c) classifying

(d) analysis and interpretation

24. Which of the following statements is correct?

(a) Book-keeping is a part of Accounting.

(b) Accounting is a part of Book-keeping.

(c) The terms 'Book-keeping' and 'Accounting' can be used interchangeably.

(d) Book-keeping is not a part of Accounting.

25. A liability arises because of

(a) credit transaction

(b) cash transaction

(c) both cash and credit transactions

(d) None of the above

26. Which of the following is not the qualitative features of Accounting?

(a) Completeness

(b) Reliability

(c) Understandability

(d) Relevance

27. The pioneer of Accounting is

(a) Arthur Field

(b) Gitman

(c) William Pickles

(d) Luca Pacioli

28. Which of the following accounts will be credited if machinery is purchased for cash?

(a) Capital A/c

(b) Fixed Assets A/c

(c) Machinery A/c

(d) Cash A/c

29. Amortization refers to writing off

(a) depleting assets

(b) wasting assets

(c) intangible assets

(d) fictitious assets

30. A person who owes money to the firm is called:

(a) debtor

(b) owner

(c) creditor

(d) None of the above

31. Out of the following, which is not a provision?

(a) Provision for Doubtful Debt

(b) Provision for Discount on Debtors

(c) Dividend Equalization Reserve

(d) Provision for Depreciation

32. The term 'Financial Statement' covers

(a) Profit & Loss Statement

(b) Balance Sheet and Profit & Loss Statement

(c) Balance Sheet and Profit & Loss Appropriation A/c

(d) All of the above

33. How would revenue from sale of goods and services be classified?

(a) Operating outflow

(b) Operating inflow

(c) Investing inflow

(d) Financing inflow

34. Which of the following would not affect Bank Reconciliation Statement?

(a) Dishonoured cheque

(b) Discount received

(c) Bank interest

(d) Cheque not presented

35. Overdraft means ______ balance of cashbook.

(a) closing

(b) debit

(c) opening

(d) credit

36. Rent paid is a

(a) Personal A/c

(b) Real A/c

(c) Nominal A/c

(d) Liabilities A/c

37. Recording is made in Journal Proper of

(a) opening entries

(b) closing entries

(c) adjustment entries

(d) All of the above

38. The sales book is a part of

(a) Journal

(b) Trading A/c

(c) Balance Sheet

(d) Ledger

39. Purchase of furniture on credit is recorded in

(a) Journal Proper

(b) Sales Book

(c) Cashbook

(d) Purchase Book

40. Trial Balance is a/an

(a) account

(b) statement

(c) information

(d) None of the above

PART-B (Marks: 40)

Answer any five of the following questions: 2x5=10

41. Write the meaning of Accounting.

42. What is GAAP?

43. Write two types of source document.

44. Mention two functions of Trial Balance.

45. Mention two functions of Provision for Bad and Doubtful Debt.

46. What is entity assumption?

47. Mention two types of transactions recorded in Journal Proper.

48. What is journalizing?

49. What is incomplete record?

50. What is capital expenditure?

Answer any five of the following questions: 3x5=15

51. Explain three features of petty cashbook.

52. Explain any three needs for preparing a Bank Reconciliation Statement.

53. Explain any three limitations of GAAP.

54. Mention any three distinctions between Cash Basis and Accrual Basis of Accounting.

55. What is meant by adjustment entry in Final Accounts? Give two examples of adjustment entry.

56. How is profit or loss ascertained by Statement of Affairs method in case of incomplete records?

57. Journalize the following transactions:

Date	Particulars
2024 April
1	Commenced business with cash - ₹1,00,000
3	Purchased goods from Sarma Store - ₹15,000 on credit
5	Withdrawn cash from bank for office use - ₹5,500

58. Mention any three objectives of Goods and Services Tax.

Answer any three of the following questions: 5x3=15

59. Prepare Triple-column Cashbook with the following transactions:

Date	Particulars	Amount (₹)
2024 April
1	Started business with cash	2,50,000
2	Deposited cash into bank	1,00,000
3	Bought goods by cheque	1,500
4	Received cheque from Mr. Gupta	5,000
	Allowed him discount	250
12	Paid into bank in cash	3,000
	Paid into bank Mr. Gupta's cheque	5,000
25	Drew from bank for office use	2,000
30	Paid wages in cash	400

60. Pass Journal Entries to rectify the following errors:

(i) ₹850 received from Saurav was debited to Gaurav A/c.

(ii) Goods of ₹750 withdrawn for personal use was not recorded in the books.

(iii) ₹380 being purchase return was posted to the debit of Purchase A/c.

61. Prepare a Bank Reconciliation Statement as on 31st December, 2023 from the following particulars:

(i) Bank balance as per passbook - ₹5,240

(ii) Cheque issued but not presented for payment - ₹4,050

(iii) Cheques deposited but not entered in the passbook - ₹1,400

(iv) Bank debited ₹80 as bank charges.

(v) ₹5,000 wrongly credited by bank in our passbook.

(vi) Bank interest credited by bank - ₹250

(vii) Bills receivable ₹950 discounted but later dishonoured and no entry has been passed in the cashbook for this.

62. From the following Trial Balance of M/s Kalita Enterprise as on 31st December, 2023, prepare -

(a) Trading and Profit & Loss A/c for the year ended 31st December, 2023; and

(b) Balance Sheet as on that date:

Trial Balance

As on 31st December, 2023

Particulars	Debit (₹)	Credit (₹)
Bad Debts	600
Advertisement	2,000
Building	18,000
Drawings	3,000
Opening Stock	8,400
Sundry Debtors	15,000
Salaries	12,400
Bills Receivables	6,000
Rent	3,500
Carriage Inwards	1,450
Furniture	4,950
Wages	6,400
Purchases	38,000
Octroi Duty	875
Purchase Return		1,400
Provision for Doubtful Debt		400
Sales		66,275
Interest Received		400
Creditors		4,200
Outstanding Wages		900
Capital		45,000
Total	1,20,575	1,20,575

Adjustments:

(i) Salaries Prepaid - ₹400

(ii) Closing Stock - ₹9,750

(iii) Make Provision for Bad Debt - ₹500

63. Distinguish between (any two) 2½x2=5

(a) Capital Expenditure and Revenue Expenditure

(b) Capital Receipts and Revenue Receipts

(c) Capital Profit and Revenue Profit

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