{"id":13686,"date":"2018-04-10T10:39:03","date_gmt":"2018-04-10T05:09:03","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=13686"},"modified":"2024-11-08T10:07:54","modified_gmt":"2024-11-08T04:37:54","slug":"cbse-sample-papers-class-11-accountancy","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-11-accountancy\/","title":{"rendered":"CBSE Sample Papers Class 11 Accountancy 2024-25"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-11-accountancy\/#CBSE_Sample_Papers_Class_11_Accountancy_2024-25\" >CBSE Sample Papers Class 11 Accountancy 2024-25<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-11-accountancy\/#Class_11_%E2%80%93_Accountancy_Sample_Paper_%E2%80%93_01_2024-25\" >Class 11 &#8211; Accountancy Sample Paper &#8211; 01 (2024-25)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-11-accountancy\/#CBSE_Sample_Papers_for_Class_11_All_Subjects\" >CBSE Sample Papers for Class 11 All Subjects<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-11-accountancy\/#Why_Choose_myCBSEguide_for_Exam_Preparation\" >Why Choose myCBSEguide for Exam Preparation?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>Get ready for your <strong>Class 11 Accountancy exams<\/strong> with the updated <strong>CBSE sample papers<\/strong> for the 2024-25 session, available for free download on <strong><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\">myCBSEguide App<\/a> and <a href=\"https:\/\/mycbseguide.com\/\">myCBSEGuide website<\/a><\/strong>. These sample papers are designed based on the latest <strong>CBSE exam pattern<\/strong>, <strong>marking scheme<\/strong>, and <strong>blueprint<\/strong>, ensuring your practice with the most accurate material.<\/p>\n<p>The updated <strong>marking scheme<\/strong> and <strong>blueprint<\/strong> help you understand the exam structure, topic weightage, and question types. Practicing these sample papers will improve your time management and exam strategy.<\/p>\n<p>You can download all materials, including sample papers, the <strong>marking scheme<\/strong>, and the <strong>blueprint<\/strong>, in <strong>PDF format<\/strong> from the <strong>myCBSEguide app<\/strong> or website. These resources cover key Accountancy topics like <strong>journal entries<\/strong>, <strong>final accounts<\/strong>, and <strong>bank reconciliation statements<\/strong>, all created by expert educators.<\/p>\n<p><strong>Download <a href=\"https:\/\/mycbseguide.com\/cbse-sample-papers-class-11.html\">CBSE Sample Papers for Class 11<\/a> Accountancy<\/strong> to practice and prepare effectively for your upcoming exams. These sample papers are designed to help you familiarize yourself with the exam pattern and improve your problem-solving skills.<\/p>\n<p>Start your exam preparation today with <strong>myCBSEguide<\/strong> and ensure you\u2019re fully prepared for your <strong>CBSE Accountancy exam<\/strong>.<\/p>\n<p style=\"text-align: center;\"><strong><a class=\"button\" href=\"https:\/\/mycbseguide.com\/dashboard\/category\/1411\/type\/2\">Download Accountancy Sample Papers\u00a0as PDF<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Sample_Papers_Class_11_Accountancy_2024-25\"><\/span><strong>CBSE Sample Papers Class 11 Accountancy 2024-25<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We at myCBSEguide provide CBSE Class 11 Sample Papers of Accountancy for the year 2024 with solutions in PDF format for free download. This CBSE model question paper follows NCERT textbooks and the CBSE syllabus. All students must check the latest syllabus and marking scheme. Sample papers for Class 11 Accountancy and other subjects are available for download as PDFs on the mobile app too. myCBSEguide provides sample papers with solutions for the academic session 2024-25.<\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Class_11_%E2%80%93_Accountancy_Sample_Paper_%E2%80%93_01_2024-25\"><\/span><strong>Class 11 &#8211; Accountancy Sample Paper &#8211; 01 (2024-25)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Class 11 &#8211; Accountancy<br \/>\nSample paper &#8211; 01 (2024-25)<\/strong><\/p>\n<hr \/>\n<p><b>Maximum Marks: 80<br \/>\nTime Allowed: : 3 hours<\/b><\/p>\n<hr \/>\n<p><b>General Instructions:<\/b><\/p>\n<ol start=\"1\">\n<li>This question paper contains 34 questions. All questions are compulsory.<\/li>\n<li>This question paper is divided into two parts, Part A and B.<\/li>\n<li>Question 1 to 17 and 27 to 29 carries 1 mark each.<\/li>\n<li>Questions 18 to 20 and\u00a030 to 32 carries 3 marks each.<\/li>\n<li>Questions from 21\u00a0to 23 carries 4 marks each.<\/li>\n<li>Questions from 24 to 26, 33 and 34 carries 6 marks each.<\/li>\n<\/ol>\n<hr \/>\n<p style=\"text-align: center;\"><strong>Part<\/strong><b> A<\/b><\/p>\n<ol>\n<li>For which of the following, non-cash voucher is prepared?\n<div>a) Credit sale of fixed assets<\/div>\n<div>b) Credit sale of goods<\/div>\n<div>c) All of these<\/div>\n<div>d) Credit sale of investments<\/div>\n<\/li>\n<li><strong>Assertion (A):<\/strong>\u00a0Environmental protection groups are one of the multiple external users of accounting information.<br \/>\n<strong>Reason (R):<\/strong> Social responsibility groups want to know the impact of business on the environment and the steps taken by an enterprise for the protection of the environment.<\/p>\n<div>a) Both A and R are true and R is the correct explanation of A.<\/div>\n<div>b) Both A and R are true but R is not the correct explanation of A.<\/div>\n<div>c) A is true but R is false.<\/div>\n<div>d) A is false but R is true.<\/div>\n<\/li>\n<li>Debit mean\n<div>a) a decrease in asset<\/div>\n<div>b) an increase in the proprietor\u2019s equity<\/div>\n<div>c) an increase in asset<\/div>\n<div>d) an increase in liability<\/div>\n<\/li>\n<li>Goods costing Rs.15,000 were sold for cash at a profit of 20%. By what amount cash increase\n<div>a) Rs.13,000<\/div>\n<div>b) Rs.12,000<\/div>\n<div>c) Rs.18,000<\/div>\n<div>d) Rs.15,000<\/div>\n<p><b>OR<\/b><\/p>\n<p>If the capital is Rs.300000, cash is Rs.200000, Machinery is 300000. What is the amount of liabilities<\/p>\n<div>a) Rs.200000<\/div>\n<div>b) Rs.800000<\/div>\n<div>c) Rs.500000<\/div>\n<div>d) Rs.700000<\/div>\n<\/li>\n<li>Which of the following source documents is used for depositing cash or cheques into bank?\n<div>a) Pay note<\/div>\n<div>b) Counterfoil<\/div>\n<div>c) Cash slip<\/div>\n<div>d) Pay-in-slip<\/div>\n<\/li>\n<li>Radheshyam is a furniture dealer. Which one of the following will not be recorded in his books?\n<ol start=\"1\">\n<li>Purchase of Timber for Rs 50,000<\/li>\n<li>Sofa set worth Rs 40,000 taken to his home<\/li>\n<li>Sale of household furniture for Rs 5,000<\/li>\n<li>Dining table of Rs 30,000 given to his friend as a gift<\/li>\n<\/ol>\n<div>a) Only A<\/div>\n<div>b) Only D<\/div>\n<div>c) Only B<\/div>\n<div>d) Only C<\/div>\n<p><b>OR<\/b><\/p>\n<p>Book-keeping is mainly concern with:<\/p>\n<div>a) All of these<\/div>\n<div>b) Recording financial data relating to business operations and classifying it.<\/div>\n<div>c) Designing for system recording, classifying and summarizing.<\/div>\n<div>d) Interpreting data for internal and external users.<\/div>\n<\/li>\n<li>Reserves are important because they help in:\n<ol start=\"1\">\n<li>meeting the future contingencies<\/li>\n<li>strengthening the financial position of the business<\/li>\n<li>redemption of liabilities like debenture<\/li>\n<\/ol>\n<div>a) (A)<\/div>\n<div>b) All of these<\/div>\n<div>c) (B)<\/div>\n<div>d) (C)<\/div>\n<\/li>\n<li>Sale of goods to Rahul for cash is debited to:\n<div>a) Rahul A\/c<\/div>\n<div>b) Sales A\/c<\/div>\n<div>c) Stock account<\/div>\n<div>d) Cash A\/c<\/div>\n<p><b>OR<\/b><\/p>\n<p>Sundry Creditors Account is a:<\/p>\n<div>a) Liability Account<\/div>\n<div>b) Asset account<\/div>\n<div>c) Capital Account<\/div>\n<div>d) Revenue Account<\/div>\n<\/li>\n<li>As per the business entity assumption, the business is different from the\n<div>a) Proprietor<\/div>\n<div>b) Politics<\/div>\n<div>c) Government<\/div>\n<div>d) Banker<\/div>\n<\/li>\n<li>Which of the following methods need not remain consistent from year to year?\n<div>a) Method of stock valuation : LIFO, FIFO or HIFO<\/div>\n<div>b) Method of depreciation: Straight line or Written down value<\/div>\n<div>c) None of these<\/div>\n<div>d) Both Method of depreciation: Straight line or Written down value and Method of stock valuation : LIFO, FIFO or HIFO<\/div>\n<\/li>\n<li>Which of the following is objective of provision?\n<div>a) To meet unknown losses and liabilities<\/div>\n<div>b) To meet anticipated losses and liabilities<\/div>\n<div>c) To hold funds<\/div>\n<div>d) Accumulate fund<\/div>\n<\/li>\n<\/ol>\n<div>Get access to <strong>CBSE Class 11 Accountancy sample papers<\/strong> for the 2024-25 session, featuring a variety of questions based on the latest syllabus and exam pattern. These sample papers are a must-have for your exam preparation.<\/div>\n<div>\n<p>To enhance your exam preparation, download the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\"><strong>myCBSEguide App<\/strong><\/a>, your one-stop solution for comprehensive study materials. The app provides everything you need for <strong>CBSE<\/strong>, <strong>NCERT<\/strong>, <strong>JEE (Main)<\/strong>, <strong>NEET-UG<\/strong>, and <strong>NDA<\/strong> exam preparation. Access a wide range of resources, including <strong>sample papers<\/strong>, <strong>solutions<\/strong>, <strong>NCERT Exemplar solutions<\/strong>, <strong>revision notes<\/strong>, and more, all designed to help you master key concepts and practice effectively. Whether you&#8217;re looking for subject-specific resources or full exam preparation, <a href=\"https:\/\/mycbseguide.com\/\"><strong>myCBSEguide<\/strong><\/a> has it all.For educators, the <strong>Examin8 App<\/strong> allows teachers to create customized question papers with their own name and logo, making it easy to design personalized assessments. Both apps are designed to offer convenience and help you stay on top of your studies. Download <strong>myCBSEguide App<\/strong> today and take your exam preparation to the next level, while teachers can use the\u00a0<a href=\"https:\/\/examin8.com\/\"><strong>Examin8 App<\/strong><\/a> for creating tailored exams for students.<\/p>\n<\/div>\n<ol>\n<li>The nature of capital is\n<div>a) an income<\/div>\n<div>b) a liability<\/div>\n<div>c) an expense<\/div>\n<div>d) an asset<\/div>\n<\/li>\n<li>The advantages of Purchase Book are:\n<div>a) All of these<\/div>\n<div>b) Knowledge of total price of goods purchased on credit<\/div>\n<div>c) Easiness in preparing ledger<\/div>\n<div>d) Price of goods purchased from each supplier<\/div>\n<\/li>\n<li>The capital of a business 10,000, creditors are 4,000, the total assets are :\n<div>a) 14000<\/div>\n<div>b) 6000<\/div>\n<div>c) 8000<\/div>\n<div>d) 4000<\/div>\n<\/li>\n<li>Which of the following is an asset?\n<div>a) Sales Return<\/div>\n<div>b) Purchases<\/div>\n<div>c) Interest Received<\/div>\n<div>d) Machinery<\/div>\n<p><b>OR<\/b><\/p>\n<p>Which of the following is an intangible asset?<\/p>\n<div>a) Machinery<\/div>\n<div>b) Bill receivable<\/div>\n<div>c) Patents<\/div>\n<div>d) Furniture<\/div>\n<\/li>\n<li>Total of Purchase Column in Purchase Book is posted to:\n<div>a) Purchases A\/c &#8211; Cr.<\/div>\n<div>b) Sales A\/c &#8211; Cr.<\/div>\n<div>c) Sales A\/c &#8211; Dr.<\/div>\n<div>d) Purchases A\/c &#8211; Dr.<\/div>\n<\/li>\n<li>________ is the reserve, which is created for some specific purpose and can be utilised only for that purpose.\n<div>a) Capital reserve<\/div>\n<div>b) Specific reserve<\/div>\n<div>c) Revenue reserve<\/div>\n<div>d) General reserve<\/div>\n<\/li>\n<li>Explain the procedure of balancing personal accounts.<b>OR<\/b>Pass journal entries for the following transactions:<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\"><strong>2023<\/strong><\/th>\n<th scope=\"col\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jan 6<\/td>\n<td>Sold goods to Neetu of the list price of Rs 2,00,000 at trade discount of 20%.<\/td>\n<\/tr>\n<tr>\n<td>Jan 8<\/td>\n<td>Neetu returned goods of the list price of Rs 5,000.<\/td>\n<\/tr>\n<tr>\n<td>Jan 15<\/td>\n<td>Received from Neetu the full payment under a cash discount of 4%.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>Name the accounting concept or convention associated with the following\n<ol start=\"1\">\n<li>Assets are recorded at cost, irrespective of the market price.<\/li>\n<li>Life of a business should be divided into smaller periods.<\/li>\n<li>Accounting transactions should be free from bias of accountants and others.<\/li>\n<\/ol>\n<p><b>OR<\/b><\/p>\n<p>Which financial statements are prepared under Ind-AS?<\/li>\n<li>Explain the following terms with examples:\n<ol start=\"1\">\n<li>Capital Expenditure<\/li>\n<li>Non-Current Assets<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>To practice more questions &amp; prepare well for exams, download\u00a0<b data-stringify-type=\"bold\"><a href=\"https:\/\/mycbseguide.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-sk=\"tooltip_parent\" data-stringify-link=\"http:\/\/myCBSEguide.co\">myCBSEguide.com<\/a><\/b><b data-stringify-type=\"bold\">\u00a0<\/b>App. It provides complete study material for CBSE, NCERT, JEE (main), NEET-UG and NDA exams. Teachers can use\u00a0<b data-stringify-type=\"bold\"><a href=\"http:\/\/examin8.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-sk=\"tooltip_parent\" data-stringify-link=\"http:\/\/Examin8.com\">Examin8.com<\/a><\/b><b data-stringify-type=\"bold\">\u00a0<\/b>App to create similar papers with their own name and logo.<\/p>\n<p>The <strong>CBSE Class 11 Accountancy sample papers<\/strong> are essential tools to boost your preparation. These papers offer insights into the types of questions you can expect and help you improve your time management during exams.<\/p>\n<ol>\n<li>Following balances were extracted from the books of Ritesh on 31st March, 2023. You are required to prepare a Trial Balance. The amount required to balance should be entered as capital.<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\"><\/th>\n<th scope=\"col\">\u20b9<\/th>\n<th scope=\"col\"><\/th>\n<th scope=\"col\">\u20b9<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Purchases<\/td>\n<td>1,70,000<\/td>\n<td>Drawings<\/td>\n<td>7,700<\/td>\n<\/tr>\n<tr>\n<td>Stock (1st April, 2022)<\/td>\n<td>24,000<\/td>\n<td>Returns Inward<\/td>\n<td>3,500<\/td>\n<\/tr>\n<tr>\n<td>Sales<\/td>\n<td>1,05,000<\/td>\n<td>Premises<\/td>\n<td>5,28,000<\/td>\n<\/tr>\n<tr>\n<td>Sundry Debtors<\/td>\n<td>23,800<\/td>\n<td>Sundry Creditors<\/td>\n<td>16,100<\/td>\n<\/tr>\n<tr>\n<td>Discount Received<\/td>\n<td>3,500<\/td>\n<td>Discount Allowed<\/td>\n<td>2,800<\/td>\n<\/tr>\n<tr>\n<td>Carriage Outwards<\/td>\n<td>700<\/td>\n<td>Carriage Inwards<\/td>\n<td>1,400<\/td>\n<\/tr>\n<tr>\n<td>Cash in Hand<\/td>\n<td>3,500<\/td>\n<td>Cash at Bank<\/td>\n<td>17,500<\/td>\n<\/tr>\n<tr>\n<td>Machinery<\/td>\n<td>1,24,500<\/td>\n<td>General Expenses<\/td>\n<td>2,100<\/td>\n<\/tr>\n<tr>\n<td>Provision for Depreciation on Machinery<\/td>\n<td>24,200<\/td>\n<td>Bad Debts Written off<\/td>\n<td>2,450<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Provision for Doubtful Debts<\/td>\n<td>2,380<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>Prepare a Cash Book with Cash and Bank Columns from the following transaction:<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>2017<\/td>\n<td><\/td>\n<td>Rs<\/td>\n<\/tr>\n<tr>\n<td>Jan. 1<\/td>\n<td>Cash in hand Rs 5,000, Bank overdraft Rs 1000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Jan. 2<\/td>\n<td>Deposited into bank<\/td>\n<td>1000<\/td>\n<\/tr>\n<tr>\n<td>Jan. 3<\/td>\n<td>General Expenses paid<\/td>\n<td>600<\/td>\n<\/tr>\n<tr>\n<td>Jan. 7<\/td>\n<td>Purchased goods from Mudit on credit<\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td>Jan. 10<\/td>\n<td>Drew from bank for personal use<\/td>\n<td>1,200<\/td>\n<\/tr>\n<tr>\n<td>Jan. 12<\/td>\n<td>Paid to Mudit in full settlement<\/td>\n<td>1,800<\/td>\n<\/tr>\n<tr>\n<td>Jan. 15<\/td>\n<td>Recovered from Sunny, who owe Rs 3,000<\/td>\n<td>1,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>The Cash Book of a merchant showed an overdraft balance of \u20b9 15,700 on 31st December 2023. On comparing it with the Pass Book, the following differences were noted:\n<ol start=\"1\">\n<li>Cheques amounting to \u20b9 12,250 were deposited into the bank, out of which cheques for \u20b9 8,200 have been credited in the Pass Book on 2nd January, 2024.<\/li>\n<li>Cheques were issued amounting to \u20b9 8,300 of which cheques for \u20b9 2,000 have been cashed upto 31st Dec.<\/li>\n<li>A cheque of \u20b9 4,250 issued to a creditor, has been entered in the Cash Book as \u20b9 4,520.<\/li>\n<li>Bank charges of \u20b9 180 on 30th November 2023 and \u20b9 240 on 30th December 2023 have not been entered in the Cash Book.<\/li>\n<li>A B\/R for \u20b9 6,000 discounted with the bank is entered in the Cash Book without recording the discount charges of \u20b9 300.<\/li>\n<li>A cheque for \u20b9 2,000 deposited into the bank appear in the Pass Book, but not recorded in the Cash Book.<\/li>\n<li>A cheque for \u20b9 3,700 deposited into the bank appear in the Pass Book, was recorded in the cash column of the Cash book.<br \/>\nYou are required:<\/p>\n<ol start=\"1\">\n<li>to make appropriate adjustments in the cash book, bringing down the correct balance, and<\/li>\n<li>to prepare a bank reconciliation statement with the adjusted balance.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><b>OR<\/b><\/p>\n<p>On 31st March, 2023, Bank Statement of Gopal shows credit balance of \u20b9 33,570 whereas Cash Book showed debit balance of \u20b9 53,000.<br \/>\nIt was observed that the differences were because of the following:<\/p>\n<ol start=\"1\">\n<li>Cheques and drafts sent to the bank but not collected and credited, amounted to \u20b9 7,900 while cheque for \u20b9 2,000 was received unpaid.<\/li>\n<li>Three cheques drawn for \u20b9 3,000; \u20b9 1,500 and \u20b9 2,000 respectively were not presented for payment till 30th April, 2023.<\/li>\n<li>Bank has paid a cheque of \u20b9 10,000 but it has not been entered in the Cash Book and a cheque of \u20b9 5,000 which was discounted with the bank was dishonoured by the drawee on the due date.<\/li>\n<li>Bank has charged \u20b9 130 as its commission for collecting outstation cheques and had credited an interest of \u20b9 100 in the account.<\/li>\n<li>A wrong debit of \u20b9 5,000 was made by the bank, which was reversed on 4th April, 2023. Prepare Bank Reconciliation Statement as on 31st March, 2023.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><strong>Download the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\">myCBSEguide App<\/a><\/strong> for <strong>CBSE<\/strong>, <strong>JEE<\/strong>, <strong>NEET<\/strong>, and <strong>NDA exam preparation<\/strong>. Teachers can use the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\"><strong>Examin8 App<\/strong><\/a> to design customized papers with their name and logo.<\/p>\n<p>Make sure you are fully prepared for the exam by downloading the <strong>CBSE sample papers for Class 11 Accountancy<\/strong>. These sample papers include solutions and explanations to help you understand key concepts and scoring techniques.<\/p>\n<ol>\n<li>Pass Journal entries for the following transactions:\n<ol start=\"1\">\n<li>Monika started business with Cash \u20b9 3,00,000, Stock \u20b9 5,00,000 and building \u20b9 25,00,000.<\/li>\n<li>Construction of power-back room \u20b9 1,00,000.<\/li>\n<li>Paid insurance premium for stock \u20b9 15,000 and self \u20b9 7,000.<\/li>\n<li>Goods destroyed by fire \u20b9 80,000, Insurance Claim lodged.<\/li>\n<li>Commission received \u20b9 25,000, 20% being received in advance.<\/li>\n<li>Insurance company paid 80% in full and final settlement.<\/li>\n<li>Salaries paid \u20b9 48,000 and due \u20b9 22,000.<\/li>\n<li>Provide Depreciation on Building @ 10% per annum.<\/li>\n<\/ol>\n<p><b>OR<\/b><\/p>\n<p>Journalise the following transactions:<\/p>\n<ol start=\"1\">\n<li>Bought goods for Rs 5,000 plus CGST and SGTS @ 6% each.<\/li>\n<li>Sold goods to Mehtab for Rs 50,000, charged CGST and SGST @ 6% each.<\/li>\n<li>Sold goods to Arpana for Rs 60,000 against cheque, charged IGST @ 12%<\/li>\n<li>Computer purchased by Atul &amp; Co., Delhi for office use from HP Ltd., Greater Noida (UP) for Rs 50,000 plus IGST @ 12%, payment made by cheque.<\/li>\n<li>Paid Telephone bill of Rs 5,000 plus CGST and SGST @ 6% each.<\/li>\n<li>Goods that were purchased paying CGST and SGST @ 6% each costing Rs 1000 given as charity.<\/li>\n<\/ol>\n<\/li>\n<li>A Trial Balance showed excess credit of \u20b9 2,728, which were placed in a suspense account. Later on the following errors were located. Pass rectifying entries and prepare Suspense A\/c.\n<ol start=\"1\">\n<li>\u20b9 825, the total of purchase return book has been posted to the debit of sales return account.<\/li>\n<li>Goods purchased from Sunil \u20b9 1,800 recorded in Sales Book as \u20b9 180<\/li>\n<li>An item of \u20b9 328 written off as a bad debt from Arvind Kumar has not been debited to Bad Debts Account.<\/li>\n<li>Goods purchased from X \u20b9 3,500 and from Y \u20b9 4,000, but were recorded in the purchase book as X \u20b9 4,000 and Y \u20b9 3,500<\/li>\n<li>Goods returned to Ritesh for \u20b9 2,600 was correctly recorded in the return outward book but was wrongly posted to his account as \u20b9 260<\/li>\n<li>A sum of \u20b9 2,210 stolen by an ex-employee stand debited to Suspense A\/c.<\/li>\n<li>A sum of \u20b9 500 written off as depreciation on Machinery, were not posted to the Machinery account.<\/li>\n<\/ol>\n<p><b>OR<\/b><\/p>\n<p>Pass necessary Journal entries to rectify the following errors:<\/p>\n<ol start=\"1\">\n<li>A credit sale of \u20b9 1,700 to Karan was posted to Kartik\u2019s Account.<\/li>\n<li>A cash sale of \u20b9 1,700 to Neema was posted to the credit of Neema.<\/li>\n<li>A credit sale of old furniture to Prince for \u20b9 1,700 was credited to the Sales Account.<\/li>\n<li>A credit sale of old furniture to Ronak for \u20b9 1,700 was posted as \u20b9 7,100.<\/li>\n<li>A cheque for \u20b9 640 received from Gautam was dishonoured and was posted to the debit of Sales Return Account.<\/li>\n<li>An amount of \u20b9 2,860 due from Rawat, written off as bad in previous year, was recovered and credited to his personal account.<\/li>\n<li>\u20b9 10,000 paid for the electricity bill of the proprietor\u2019s residence was debited to Electricity Expenses Account.<\/li>\n<li>An amount of \u20b9 7,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases Account.<\/li>\n<li>An amount of \u20b9 15,000 withdrawn from bank by the proprietor for office use was debited to Drawings Account.<\/li>\n<li>\u20b9 8,000 salary paid to Vikas, an employee, debited to his personal account.<\/li>\n<\/ol>\n<\/li>\n<li>On 1<sup>st<\/sup>\u00a0April 2019, a Company purchased 6 machines for \u20b9 50,000 each. Depreciation at the rate of 10% p.a. is charged on Straight Line Method. The accounting year of the Company ends on 31<sup>st<\/sup>\u00a0March and the depreciation is credited to a separate Provision for Depreciation Account.<br \/>\nOn 1<sup>st<\/sup>\u00a0October, 2021, one machine was sold for \u20b9 30,000 and on 1<sup>st<\/sup>\u00a0April, 2022 a second machine was sold for \u20b9 24,000.<br \/>\nYou are required to prepare Machinery Account and Provision for Depreciation Account for four years ending 31<sup>st<\/sup>\u00a0March, 2023.<b>OR<\/b>Sharma &amp; Co. whose books are closed on 31<sup>st<\/sup>\u00a0March, purchased machinery for \u20b9 1,50,000 on 1<sup>st<\/sup>\u00a0April, 2020, Additional machinery was acquired for \u20b9 50,000 on 1<sup>st<\/sup>\u00a0October, 2020. Certain machinery which was purchased for \u20b9 50,000 on 1<sup>st<\/sup>\u00a0October, 2020 was sold for \u20b9 40,000 on 30<sup>th<\/sup>\u00a0September, 2022.<br \/>\nPrepare the Machinery Account and Accumulated Depreciation Account for all the years up to the year ended 31<sup>st<\/sup>\u00a0March, 2023. Depreciation is charged @ 10% p.a. on Straight Line Method. Also, show the Machinery Disposal Account.<\/li>\n<\/ol>\n<p>If you want to master <strong>Class 11 Accountancy<\/strong>, download the <strong>CBSE sample papers<\/strong> for effective exam practice. These sample papers provide comprehensive coverage of all topics in the <strong>Accountancy syllabus<\/strong>.<\/p>\n<p style=\"text-align: center;\"><b>Part B<\/b><\/p>\n<ol>\n<li>Profit = Capital at the end + ? &#8211; Capital introduced &#8211; Capital in the beginning.\n<div>a) Sales<\/div>\n<div>b) Journal<\/div>\n<div>c) Net Purchases.<\/div>\n<div>d) Drawings<\/div>\n<p><b>OR<\/b><\/p>\n<p>Incomplete records system suitable for which type of business:<\/p>\n<div>a) Tea shop<\/div>\n<div>b) Washer man<\/div>\n<div>c) All of these<\/div>\n<div>d) Flower shop<\/div>\n<\/li>\n<li>Calculate the amount of purchase from the following information. Purchase: \u20b9 280000, Return outward: \u20b9 5000, goods distributed as free sample: \u20b9 2000, goods costing \u20b9 1500 taken over by owner\n<div>a) \u20b9 269500<\/div>\n<div>b) \u20b9 273000<\/div>\n<div>c) \u20b9 27000<\/div>\n<div>d) \u20b9 271500<\/div>\n<\/li>\n<li>A&#8217;s Trial Balance provides you the following information:<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>Bad Debts<\/td>\n<td>\u20b9 3,000<\/td>\n<\/tr>\n<tr>\n<td>Provision for Bad Debts<\/td>\n<td>\u20b9 5,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>It is desired to maintain a provision of \u20b9 1,500 for doubtful debts, the amount to\u00a0be recorded in P &amp; L A\/c will be:<\/p>\n<div>a) \u20b9 4,500 in Dr.<\/div>\n<div>b) \u20b9 3,500 in Dr.<\/div>\n<div>c) \u20b9 500 in Dr.<\/div>\n<div>d) \u20b9 500 in Cr.<\/div>\n<p><b>OR<\/b><\/p>\n<p>Income received in advance is deducted from the income because of<\/p>\n<div>a) Revenue Recognition Concept<\/div>\n<div>b) Accrual Concept<\/div>\n<div>c) Matching Concept<\/div>\n<div>d) Prudence Concept<\/div>\n<\/li>\n<li>Ascertain Cost of Goods Sold from the following:<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td width=\"200\"><\/td>\n<td width=\"200\">\u20b9<\/td>\n<\/tr>\n<tr>\n<td width=\"200\">Opening Stock<\/td>\n<td width=\"200\">8,500<\/td>\n<\/tr>\n<tr>\n<td width=\"200\">Purchases<\/td>\n<td width=\"200\">30,700<\/td>\n<\/tr>\n<tr>\n<td width=\"200\">Direct Expenses<\/td>\n<td width=\"200\">4,800<\/td>\n<\/tr>\n<tr>\n<td width=\"200\">Indirect Expenses<\/td>\n<td width=\"200\">5,200<\/td>\n<\/tr>\n<tr>\n<td width=\"200\">Closing Stock<\/td>\n<td width=\"200\">9,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>From the following information, Gross Profit for the year ended 31<sup>st<\/sup>\u00a0March, 2023:<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Transaction<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Opening Stock (1<sup>st<\/sup>\u00a0April, 2022)<\/td>\n<td>50,000<\/td>\n<\/tr>\n<tr>\n<td>Freight and Packing<\/td>\n<td>20,000<\/td>\n<\/tr>\n<tr>\n<td>Sales<\/td>\n<td>3,80,000<\/td>\n<\/tr>\n<tr>\n<td>Goods purchased during the year<\/td>\n<td>2,80,000<\/td>\n<\/tr>\n<tr>\n<td>Closing Stock (31st March, 2023)<\/td>\n<td>60,000<\/td>\n<\/tr>\n<tr>\n<td>Packing Expenses on Sales<\/td>\n<td>12,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>Raman\u2019s Trial Balance as on 31<sup>st<\/sup>\u00a0March, 2023 gives the following information:<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Heads of Accounts<\/strong><\/td>\n<td><strong>Debit (\u20b9)<\/strong><\/td>\n<td><strong>Credit (\u20b9<\/strong><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Investment (rate of interest 10% p.a)<\/td>\n<td>5,00,000<\/td>\n<td>____<\/td>\n<\/tr>\n<tr>\n<td>Interest Received<\/td>\n<td>____<\/td>\n<td>45,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Show how the above items would appear in the Profit and Loss Account and Balance Sheet.<\/li>\n<li>Jatin keeps books under single entry system. His assets and liabilities were as under<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td width=\"89\"><strong>Items<\/strong><\/td>\n<td width=\"35\"><strong>31st\u00a0<\/strong><strong>March,<\/strong><strong>\u00a02012(Rs)<\/strong><\/td>\n<td width=\"34\"><strong>31st\u00a0<\/strong><strong>March,<\/strong><strong>\u00a02013(Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"89\">Cash<\/td>\n<td width=\"35\">2,000<\/td>\n<td width=\"34\">1800<\/td>\n<\/tr>\n<tr>\n<td width=\"89\">Sundry debtors<\/td>\n<td width=\"35\">78,000<\/td>\n<td width=\"34\">90,000<\/td>\n<\/tr>\n<tr>\n<td width=\"89\">Stock<\/td>\n<td width=\"35\">68,000<\/td>\n<td width=\"34\">64,000<\/td>\n<\/tr>\n<tr>\n<td width=\"89\">Plant and machinery<\/td>\n<td width=\"35\">1,20,000<\/td>\n<td width=\"34\">1,60,000<\/td>\n<\/tr>\n<tr>\n<td width=\"89\">Sundry creditors<\/td>\n<td width=\"35\">30,000<\/td>\n<td width=\"34\">29,800<\/td>\n<\/tr>\n<tr>\n<td width=\"89\">Bills payable<\/td>\n<td width=\"35\">\u2014<\/td>\n<td width=\"34\">10,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>During 2012-13, he introduced Rs 20,000 as new capital. He withdrew Rs 6,000 every month for his household expenses. Ascertain his profit for the year ended 31st March, 2013.<b>OR<\/b><\/p>\n<p>Mr Verma started a business with a capital of \u20b9 5,00,000. At the end of the year, his position was<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Items<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Cash in hand<\/td>\n<td>15,000<\/td>\n<\/tr>\n<tr>\n<td>Cash at bank<\/td>\n<td>70,000<\/td>\n<\/tr>\n<tr>\n<td>Sundry debtors<\/td>\n<td>1,20,000<\/td>\n<\/tr>\n<tr>\n<td>Stock<\/td>\n<td>2,40,000<\/td>\n<\/tr>\n<tr>\n<td>Furniture<\/td>\n<td>75,000<\/td>\n<\/tr>\n<tr>\n<td>Machinery<\/td>\n<td>2,00,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Sundry creditors at this date totalled \u20b9 80,000. During the year, he introduced a further capital\u00a0of \u20b9 1,50,000 and withdrew for household expenses \u20b9 90,000.<br \/>\nYou are required to calculate profit or loss during the year.<\/li>\n<li>From the following Adjustments and with the help of Trial Balance prepare a Trading A\/c, Profit and Loss A\/c and Balance Sheet as at 31<sup>st<\/sup>\u00a0March 2023:<br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Dr. Balances<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<td><strong>Cr. Balances<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Insurance charges<\/td>\n<td>2,400<\/td>\n<td>Capital<\/td>\n<td>1,70,000<\/td>\n<\/tr>\n<tr>\n<td>Salaries &amp; Wages<\/td>\n<td>19,400<\/td>\n<td>Sundry Creditors<\/td>\n<td>20,000<\/td>\n<\/tr>\n<tr>\n<td>Cash in hand<\/td>\n<td>200<\/td>\n<td>Sales<\/td>\n<td>1,20,000<\/td>\n<\/tr>\n<tr>\n<td>Cash at HDFC Bank<\/td>\n<td>19,500<\/td>\n<td>Returns Outwards<\/td>\n<td>1,200<\/td>\n<\/tr>\n<tr>\n<td>Trade Expenses<\/td>\n<td>400<\/td>\n<td>Provision for Doubtful Debts<\/td>\n<td>400<\/td>\n<\/tr>\n<tr>\n<td>Postage<\/td>\n<td>800<\/td>\n<td>Discount<\/td>\n<td>800<\/td>\n<\/tr>\n<tr>\n<td>Drawings<\/td>\n<td>6,000<\/td>\n<td>Rent of Premises, Sublet for one\u00a0year to 30<sup>th<\/sup>\u00a0Sept. 2023<\/td>\n<td>1,200<\/td>\n<\/tr>\n<tr>\n<td>Plant &amp; Machinery:-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Balance on 1<sup>st<\/sup>\u00a0April, 2022<\/td>\n<td>1,20,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Addition on 1<sup>st<\/sup>\u00a0Oct., 2022<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Stock on 1st April, 2022<\/td>\n<td>15,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Purchases<\/td>\n<td>82,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Returns Inward<\/td>\n<td>2,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>S. Debtors<\/td>\n<td>20,800<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Furniture &amp; Fixtures<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Freight<\/td>\n<td>2,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Carriage outwards<\/td>\n<td>500<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Rent, Rates &amp; Taxes<\/td>\n<td>4,600<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Printing &amp; Stationery<\/td>\n<td>1,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Input IGST<\/td>\n<td>7,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>3,13,600<\/strong><\/td>\n<td><\/td>\n<td><strong>3,13,600<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Adjustments:<\/strong><\/p>\n<ol start=\"1\">\n<li>Stock on 31<sup>s<\/sup>t March, 2023 was valued at \u20b9 24,000 and stationery unused at the end was \u20b9 250.<\/li>\n<li>The provision for doubtful debts is to be maintained at 6% on Sundry debtors.<\/li>\n<li>Create a provision for discount on debtors at 2%.<\/li>\n<li>Write off \u20b9 800 as bad debts.<\/li>\n<li>Provide depreciation on plant and machinery @ 10% p.a.<\/li>\n<li>Insurance is paid upto 30<sup>th<\/sup>\u00a0June, 2023.<\/li>\n<li>A fire occurred on 25<sup>th<\/sup>\u00a0March, 2023 in the Godown and Stock of the value of \u20b9 6,000 was destroyed. The stock was purchased paying IGST @ 18%. It was insured and the Insurance Co. admitted a claim of \u20b9 4,000.<\/li>\n<\/ol>\n<p><b>OR<\/b><\/p>\n<p>The trial balance of Ramesh Vyas as on 31st March, 2013 was as follows.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Name of Accounts<\/strong><\/td>\n<td><strong>Debit Balance(Rs)<\/strong><\/td>\n<td><strong>Credit Balance(Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Purchases\/sales<\/td>\n<td>81,25,250<\/td>\n<td>1,26,20,000<\/td>\n<\/tr>\n<tr>\n<td>Provision for doubtful debts<\/td>\n<td><\/td>\n<td>2,60 000<\/td>\n<\/tr>\n<tr>\n<td>Sundry debtors\/sundry creditors<\/td>\n<td>25,10,000<\/td>\n<td>15,26,300<\/td>\n<\/tr>\n<tr>\n<td>Bills payable<\/td>\n<td><\/td>\n<td>1,97,500<\/td>\n<\/tr>\n<tr>\n<td>Opening stock<\/td>\n<td>13,36,250<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Wages<\/td>\n<td>11,56,850<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Salaries<\/td>\n<td>2,78,750<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Furniture<\/td>\n<td>3,62,500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Postage<\/td>\n<td>2,11,300<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Power and fuel<\/td>\n<td>67,500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Trade expenses<\/td>\n<td>2,91,550<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Bad debts<\/td>\n<td>26,250<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Loan to Ram @ 10% 1st December, 2012)<\/td>\n<td>1,50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cash in hand and at bank<\/td>\n<td>5,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Trade expenses accrued but not paid<\/td>\n<td><\/td>\n<td>35,000<\/td>\n<\/tr>\n<tr>\n<td>Drawings A\/c\/capital A\/c<\/td>\n<td>2,22,600<\/td>\n<td>5,00,000<\/td>\n<\/tr>\n<tr>\n<td>Outstanding wages<\/td>\n<td><\/td>\n<td>1,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>1,52,38,800<\/td>\n<td>1,52,38,800<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Prepare the trading and profit and loss account for the year ended 31st March, 2013 and the balance sheet as at that date after taking into consideration the following information.<\/p>\n<ol start=\"1\">\n<li>Stock on 31st March, 2013 was Rs 6,27,500.<\/li>\n<li>Depreciation on furniture is to be charged @ 10%.<\/li>\n<li>Provision for doubtful debts is to be maintained @ 5% on sundry debtors.<\/li>\n<li>Sundry debtors include an item of Rs 25,000 due from a customer who has become insolvent.<\/li>\n<li>Goods of the value of Rs 75,000 have been destroyed by fire and insurance company admitted a claim for Rs 50,000<\/li>\n<li>Received Rs 60,000 worth of goods on 27th March, 2013 but the invocle of purchases was not recorded in purchases book.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><strong>Practice and prepare efficiently for your exams<\/strong> with the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\"><strong>myCBSEguide App<\/strong><\/a>, providing study resources for <strong>CBSE<\/strong>, <strong>JEE<\/strong>, <strong>NEET<\/strong>, and <strong>NDA<\/strong>. Teachers can create custom question papers using the <strong><a href=\"https:\/\/examin8.com\/\">Examin8<\/a> App<\/strong>.<\/p>\n<p><strong>CBSE Class 11 Accountancy sample papers<\/strong> help students understand the marking scheme and exam format. Practice with these sample papers to increase your chances of success in your <strong>CBSE Accountancy exam<\/strong>.<\/p>\n<p><strong>Class 11 &#8211; Accountancy<br \/>\nSample paper &#8211; 01 (2024-25)<\/strong><\/p>\n<hr \/>\n<p><strong>Solution<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Part A<\/strong><\/p>\n<ol>\n<li>(c) All of these<br \/>\n<b>Explanation:\u00a0<\/b>All of these<\/li>\n<li>(a) Both A and R are true and R is the correct explanation of A.<br \/>\n<b>Explanation:\u00a0<\/b>Both A and R are true and R is the correct explanation of A.<\/li>\n<li>(c) an increase in asset<br \/>\n<b>Explanation:\u00a0<\/b>A\u00a0debit\u00a0is an accounting entry that results in either an increase in assets or a decrease in liabilities.<\/li>\n<li>(c) Rs.18,000<br \/>\n<b>Explanation:\u00a0<\/b>Cash received is total of cost + profit i.e. 15,000 + profit (20%) 3,000\u00a0= Rs.18,000.\u00a0As goods are sold for Rs 18,000, so we will receive cash worth Rs 18,000 and cash will increase with Rs.18,000.<b>OR<\/b>(a) Rs.200000<br \/>\n<b>Explanation:\u00a0<\/b>Total assets = Cash + Machinery<br \/>\nTotal assets= \u00a0200000+300000<br \/>\nTotal Assets= 500000<br \/>\nNow basic accounting equation ;<br \/>\nAssets = Capital + liabilities<br \/>\n500000=300000+ Liabilities<br \/>\nLiabilities= 500000-300000<br \/>\nLiabilities= 200000<\/li>\n<li>(d) Pay-in-slip<br \/>\n<b>Explanation:\u00a0<\/b>Pay-in-slip<\/li>\n<li>(d) Only C<br \/>\n<b>Explanation:\u00a0<\/b>Sale of household (personal furniture) furniture for Rs. 5,000 will not be recorded in his book.<b>OR<\/b>(b) Recording financial data relating to business operations and classifying it.<br \/>\n<b>Explanation:\u00a0<\/b>Book-keeping includes two steps of accounting that are recording and classifying of financial transactions.<\/li>\n<li>(b) All of these<br \/>\n<b>Explanation:\u00a0<\/b><u><strong>Reserve:-\u00a0\u00a0<\/strong><\/u>Reserves out of profits are required for various purposes. Reserve are appropriation against profit. They help in meeting the unforeseen contingencies that may arise in the future, help in the expansion of the business. They may also be used to distribute dividends and pay off the liabilities like debentures.<\/li>\n<li>(d) Cash A\/c<br \/>\n<b>Explanation:\u00a0<\/b>Sale of goods to Rahul\u00a0for cash is debited to\u00a0Cash A\/c,\u00a0Cash\u00a0is collected when the\u00a0sale\u00a0is made.<b>OR<\/b>(a) Liability Account<br \/>\n<b>Explanation:\u00a0<\/b>Sundry Creditors\u00a0are the trade payables who come under the current liability.<\/li>\n<li>(a) Proprietor<br \/>\n<b>Explanation:\u00a0<\/b>According to the business entity concept, the task of measuring income and wealth is undertaken by accounting for an identifiable unit or entity. The Unit or entity so identified is treated different and distinct from its owners. Business and owner are different.<\/li>\n<li>(c) None of these<br \/>\n<b>Explanation:\u00a0<\/b>Methods of accounting are supposed to be consistent from year to year.<\/li>\n<\/ol>\n<p><a href=\"https:\/\/mycbseguide.com\/\"><strong>myCBSEguide App<\/strong><\/a> offers the best study material for <strong>CBSE<\/strong>, <strong>JEE<\/strong>, <strong>NEET<\/strong>, and <strong>NDA<\/strong> exams. Teachers can generate their own personalized papers with the<a href=\"https:\/\/examin8.com\/\"> <strong>Examin8 App<\/strong><\/a>, perfect for tailored assessments.<\/p>\n<p>If you want to master <strong>Class 11 Accountancy<\/strong>, download the <strong>CBSE sample papers<\/strong> for effective exam practice. These sample papers provide comprehensive coverage of all topics in the <strong>Accountancy syllabus<\/strong>.<\/p>\n<ol>\n<li>(b) To meet anticipated losses and liabilities<br \/>\n<b>Explanation:\u00a0<\/b>provision are made for anticipated losses due to convention of prudence<\/li>\n<li>(b) a liability<br \/>\n<b>Explanation:\u00a0<\/b>The nature of capital is\u00a0a liability. It is an internal liability.<\/li>\n<li>(a) All of these<br \/>\n<b>Explanation:\u00a0<\/b>All of these<\/li>\n<li>(a) 14000<br \/>\n<b>Explanation:\u00a0<\/b>Total assets= Liabilities+ capital<br \/>\nTotal assets= 4000+10000<br \/>\nTotal assets= 14000<\/li>\n<li>(d) Machinery<br \/>\n<b>Explanation:\u00a0<\/b>Machinery is an asset. It is non current asset.\u00a0 <b>OR<\/b>(c) Patents<br \/>\n<b>Explanation:\u00a0<\/b>When the technology of business is registered it is called patents so we cannot see or touch it so it is intangible assets of the business.<\/li>\n<li>(d) Purchases A\/c &#8211; Dr.<br \/>\n<b>Explanation:\u00a0<\/b>Purchases A\/c &#8211; Dr.<\/li>\n<li>(b) Specific reserve<br \/>\n<b>Explanation:\u00a0<\/b>Specific reserve<\/li>\n<li>The procedure of balancing personal accounts is as below:<br \/>\nAn Account is balanced like we have to add the bigger side either debit or credit whichever may be and write down the bigger ones in the parallel column. The debit column is bigger than the credit column. The difference is written on the credit side as &#8216;By Balance c\/d&#8217;. The totals are then entered in the two columns opposite one another and then on the debit side, the balance is written as To Balance b\/d&#8217; to show the debit balance in hand in the beginning of the next period or vice versa for the credit balance.<\/li>\n<\/ol>\n<p><b>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0OR\u00a0 <\/b><strong>In the books of ________<br \/>\nJournal\u00a0<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\">S. No.<\/th>\n<th colspan=\"2\" scope=\"col\">Particulars<\/th>\n<th scope=\"col\">L.F.<\/th>\n<th scope=\"col\">Dr. (\u20b9)<\/th>\n<th scope=\"col\">Cr.\u00a0(\u20b9)<\/th>\n<\/tr>\n<tr>\n<th scope=\"col\">2013<\/th>\n<th colspan=\"2\" scope=\"col\"><\/th>\n<th scope=\"col\"><\/th>\n<th scope=\"col\"><\/th>\n<th scope=\"col\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jan 06<\/td>\n<td>Neetu&#8217;s A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,60,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Sales A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,60,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(goods sold to Neetu of the list price of \u20b9 2,00,000 at trade discount of 20%)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Jan 08<\/td>\n<td>Sales Return A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>4,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Neetu&#8217;s A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>4,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(goods returned of the list price of \u20b9 5,000)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Jan 15<\/td>\n<td>Cash A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,49,760<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Discount Allowed A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>6,240<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Neetu&#8217;s A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,56,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(cash received from Neetu the full payment under a cash discount of 4%.)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><strong>Total<\/strong><\/td>\n<td><\/td>\n<td><strong>3,20,000<\/strong><\/td>\n<td><strong>3,20,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol>\n<li>Accounting concepts are a number of conceptual issues that one must understand in order to develop a firm foundation of how accounting\u00a0works.\n<ol start=\"1\">\n<li>Historical cost concept<\/li>\n<li>Accounting period concept<\/li>\n<li>Verifiable objective concept<\/li>\n<\/ol>\n<p><b>OR<\/b><\/p>\n<p>Financial Statements are prepared under Ind-AS include:<\/p>\n<ol start=\"1\">\n<li>Statement of Financial Position<\/li>\n<li>Statement of Comprehensive Income<\/li>\n<li>Statement of Changes in Equity<\/li>\n<li>Statement of Cash Flow\u00a0and<\/li>\n<li>Notes and Significant Accounting Policies<\/li>\n<li><strong>Capital expenditure:<\/strong>\u00a0refers to the expenditure on\u00a0an asset that is expected to provide utility to a business for more than one reporting period. Examples of capital expenditures are as follows: Buildings (included extended part),\u00a0Computer equipment (including installation charges).<\/li>\n<li><strong>Non-current assets:<\/strong>\u00a0are a company&#8217;s long-term investments for which the full value will not be realized within the accounting year. Examples of non-current assets include investments in other companies, intellectual property (e.g. patents), and property, plant and equipment.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><strong>Access complete study material for CBSE, JEE, NEET, and NDA<\/strong> exams by downloading the <a href=\"https:\/\/mycbseguide.com\/\"><strong>myCBSEguide App<\/strong><\/a>. Teachers can create custom question papers with their name and logo using <strong><a href=\"https:\/\/examin8.com\/\">Examin8<\/a>.<\/strong><\/p>\n<p>To perform well in your <strong>CBSE Class 11 Accountancy exams<\/strong>, download the <strong>sample papers<\/strong> available on our website. These papers are designed to reflect the latest exam trends and help you prepare strategically.<\/p>\n<ol>\n<li><strong>TRIAL BALANCE<\/strong><br \/>\nas on 31st March, 2023<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Heads of Accounts<\/strong><\/td>\n<td><strong>LF.<\/strong><\/td>\n<td><strong>Dr. Balance<\/strong>\u00a0<strong>(\u20b9)<\/strong><\/td>\n<td><strong>Cr. Balance\u00a0(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Purchases<\/td>\n<td><\/td>\n<td>1,70,000<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Stock (1st April 2022)<\/td>\n<td><\/td>\n<td>24,000<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Sales<\/td>\n<td><\/td>\n<td>&#8211;<\/td>\n<td>1,05,000<\/td>\n<\/tr>\n<tr>\n<td>Sundry Debtors<\/td>\n<td><\/td>\n<td>23,800<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Discount Received<\/td>\n<td><\/td>\n<td>&#8211;<\/td>\n<td>3,500<\/td>\n<\/tr>\n<tr>\n<td>Carriage Outwards<\/td>\n<td><\/td>\n<td>700<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Cash in Hand<\/td>\n<td><\/td>\n<td>3,500<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Machinery<\/td>\n<td><\/td>\n<td>1,24,500<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Provision for Depreciation<\/td>\n<td><\/td>\n<td>&#8211;<\/td>\n<td>24,200<\/td>\n<\/tr>\n<tr>\n<td>Drawings<\/td>\n<td><\/td>\n<td>7,700<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Returns Inward<\/td>\n<td><\/td>\n<td>3,500<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Premises<\/td>\n<td><\/td>\n<td>5,28,000<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Sundry Creditors<\/td>\n<td><\/td>\n<td>&#8211;<\/td>\n<td>16,100<\/td>\n<\/tr>\n<tr>\n<td>Discount Allowed<\/td>\n<td><\/td>\n<td>2,800<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Carriage Inwards<\/td>\n<td><\/td>\n<td>1,400<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Cash at Bank<\/td>\n<td><\/td>\n<td>17,500<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>General Expenses<\/td>\n<td><\/td>\n<td>2,100<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Bad Debts<\/td>\n<td><\/td>\n<td>2,450<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Provision for Doubtful Debts<\/td>\n<td><\/td>\n<td>&#8211;<\/td>\n<td>2,380<\/td>\n<\/tr>\n<tr>\n<td>Capital (Balancing Figure)<\/td>\n<td><\/td>\n<td>&#8211;<\/td>\n<td>7,60,770<\/td>\n<\/tr>\n<tr>\n<td><strong>Total<\/strong><\/td>\n<td><\/td>\n<td><u><strong>9,11,950<\/strong><\/u><\/td>\n<td><u><strong>9,11,950<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li><strong>Cash book<\/strong><br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"5\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"5\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<br \/>\n2017<\/strong><\/td>\n<td><strong>Particular<\/strong><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Cash (Rs)<\/strong><\/td>\n<td><strong>Bank (Rs)<\/strong><\/td>\n<td><strong>Date<br \/>\n2017<\/strong><\/td>\n<td><strong>Particular<\/strong><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Cash (Rs)<\/strong><\/td>\n<td><strong>Bank (Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Jan 1<\/td>\n<td>To Bal. b\/d<\/td>\n<td><\/td>\n<td>5,000<\/td>\n<td>________<\/td>\n<td>Jan 1<\/td>\n<td>By Bal. b\/d<\/td>\n<td><\/td>\n<td>________<\/td>\n<td>1,000<\/td>\n<\/tr>\n<tr>\n<td>Jan 2<\/td>\n<td>To Cash A\/c<\/td>\n<td>(C)<\/td>\n<td>________<\/td>\n<td>1,000<\/td>\n<td>Jan 2<\/td>\n<td>By Bank A\/c<\/td>\n<td>(C)<\/td>\n<td>1,000<\/td>\n<td>________<\/td>\n<\/tr>\n<tr>\n<td>Jan 15<\/td>\n<td>To Sunny&#8217;s Account<\/td>\n<td><\/td>\n<td>1,500<\/td>\n<td>________<\/td>\n<td>Jan 3<\/td>\n<td>By Gen. Exp.<\/td>\n<td><\/td>\n<td>600<\/td>\n<td>________<\/td>\n<\/tr>\n<tr>\n<td>Jan 31<\/td>\n<td>To Bal. c\/d<\/td>\n<td><\/td>\n<td>________<\/td>\n<td>1,200<\/td>\n<td>Jan 10<\/td>\n<td>By Drawings<\/td>\n<td><\/td>\n<td>________<\/td>\n<td>1,200<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Jan 12<\/td>\n<td>By Mudit<\/td>\n<td><\/td>\n<td>1,800<\/td>\n<td>________<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Jan 31<\/td>\n<td>By Bal. c\/d<\/td>\n<td><\/td>\n<td>3,100<\/td>\n<td>________<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>6,500<\/td>\n<td>2,200<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>6,500<\/td>\n<td>2,200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Note:<\/strong>\u00a0There will be no entry for a credit transactions. Only Cash and Bank transactions are recorded.<\/li>\n<li><strong>Adjusted Cash Book (Bank Column only)<\/strong><br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"4\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"4\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Amount<br \/>\n(\u20b9<\/strong><strong>)<\/strong><\/td>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Amount<br \/>\n(\u20b9<\/strong><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Cheque issued over casted<\/td>\n<td><\/td>\n<td>270<\/td>\n<td><\/td>\n<td>Balance b\/d<\/td>\n<td><\/td>\n<td>15,700<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Customer&#8217;s A\/c (direct deposit by customer)<\/td>\n<td><\/td>\n<td>2,000<\/td>\n<td><\/td>\n<td>Bank Charges A\/c (180 + 240)<\/td>\n<td><\/td>\n<td>420<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Customer&#8217;s A\/c (cheque not recorded in bank column)<\/td>\n<td><\/td>\n<td>3,700<\/td>\n<td><\/td>\n<td>Discounting charges A\/c (not recorded)<\/td>\n<td><\/td>\n<td>300<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Balance c\/d<\/td>\n<td><\/td>\n<td>10,450<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>16,420<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>16,420<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Bank Reconciliation Statement<br \/>\nas on December 31, 2023<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>S. No.<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Addition (\u20b9<\/strong><strong>)<\/strong><\/td>\n<td><strong>Subtract (\u20b9<\/strong><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Credit Balance (Overdraft) as per Amended Cash Book<\/td>\n<td><\/td>\n<td>10,450<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>Add:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Cheque issued but not presented (8,300 &#8211; 2,000)<\/td>\n<td>6,300<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>Less:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Cheque deposited but not credited<\/td>\n<td><\/td>\n<td>8,200<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Debit Balance (Overdraft) as per Pass Book<\/td>\n<td>12,350<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><strong>18,650<\/strong><\/td>\n<td><strong>18,650<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Amended cash book is prepared to make amounts correct and Bank Reconciliation Statement is prepared to rectify the errors.\u00a0 \u00a0<\/strong><b>OR<\/b><\/p>\n<p><strong>BANK RECONCILIATION STATEMENT<\/strong><br \/>\nas on 31st March, 2023<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\">Particulars<\/th>\n<th scope=\"col\">Plus Items (\u20b9)<\/th>\n<th scope=\"col\">Minus Items (\u20b9)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Balance as per Bank Statement (Cr.)<\/strong><\/td>\n<td><strong>33,570<\/strong><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cheques and drafts deposited but not yet collected and credited<\/td>\n<td>7,900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cheque deposited returned unpaid (Dishonoued)<\/td>\n<td><\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td>Cheques issued but not yet presented for payment<\/td>\n<td><\/td>\n<td>6,500<\/td>\n<\/tr>\n<tr>\n<td>Cheque paid by the bank but not entered in the Cash Book<\/td>\n<td>10,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cheque discounted dishonoured<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Bank Commission not recorded in Cash Book<\/td>\n<td>130<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Interest credited by the bank but not recorded in Cash Book<\/td>\n<td><\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>Wrong Debit by Bank<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>Balance as per Cash Book (Dr.) (\u20b9 61,600 &#8211; \u20b9 8,600)<\/strong><\/td>\n<td><\/td>\n<td><strong>53,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><u><strong>61,600<\/strong><\/u><\/td>\n<td><u><strong>61,600<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li><strong>Journal<\/strong><br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Dr. (\u20b9)<\/strong><\/td>\n<td><strong>Cr. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(i)<\/td>\n<td>Cash A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>3,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Stock A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>5,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Building A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>25,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Capital A\/c<br \/>\n(Business started by Monika)<\/td>\n<td><\/td>\n<td><\/td>\n<td>33,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(ii)<\/td>\n<td>Power-back Room A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Cash A\/c<br \/>\n(Power back room constructed)<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(iii)<\/td>\n<td>Drawing A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>7,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Insurance (Stock) A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>15,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Cash A\/c<br \/>\n(Insurance Premium paid for stocks &amp; self)<\/td>\n<td><\/td>\n<td><\/td>\n<td>22,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(iv)<\/td>\n<td>Insurance Co. A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>80,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To purchase A\/c<br \/>\n(Goods destroyed by fire Insurance Claim lodged)<\/td>\n<td><\/td>\n<td><\/td>\n<td>80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(v)<\/td>\n<td>Cash A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>25,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Commission A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Commission Received in advance A\/c<br \/>\n(Commission Received 20% in advance)<\/td>\n<td><\/td>\n<td><\/td>\n<td>5,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(vi)<\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>64,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Loss by fire A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>16,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Insurance Co. A\/c<br \/>\n(80% claim accepted by insurance co.)<\/td>\n<td><\/td>\n<td><\/td>\n<td>80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(vii)<\/td>\n<td>Salary A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>70,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Cash A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>48,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Outstanding Salary A\/c<br \/>\n(Salaries paid \u20b9 48,000 &amp; Outstanding \u20b9 22,000)<\/td>\n<td><\/td>\n<td><\/td>\n<td>22,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(viii)<\/td>\n<td>Depreciation A\/c (25,00,000\u00a0<span class=\"math-tex\">\u00d7<\/span>\u00a010%)<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>2,50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Building A\/c<br \/>\n(Depreciation charged on Building)<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>OR<\/b><\/p>\n<p><strong>Journal Entries<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Debit (Rs)<\/strong><\/td>\n<td><strong>Credit (Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"5\">(i)<\/td>\n<td>Purchase Account<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Input CGST Account<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>300<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Input SGST Account<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>300<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Cash Account<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>5,600<\/td>\n<\/tr>\n<tr>\n<td>(Being goods purchased for cash, paid CGST and SGST @ 6% each.)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"5\">(ii)<\/td>\n<td>Mehtab\u00a0A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>56,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Sales A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>50,000<\/td>\n<\/tr>\n<tr>\n<td>To Output CGST A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3,000<\/td>\n<\/tr>\n<tr>\n<td>To Output SGST A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3,000<\/td>\n<\/tr>\n<tr>\n<td>(Being goods sold to Mehtab, charged CGST and SGST @ 6% each)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"4\">(iii)<\/td>\n<td>Bank\u00a0A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>67,200<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Sales A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>60,000<\/td>\n<\/tr>\n<tr>\n<td>To Output IGST A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>7,200<\/td>\n<\/tr>\n<tr>\n<td>(Being the goods sold to Arpana, charged IGST @ 12% through cheque)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"4\">(iv)<\/td>\n<td>Computer\u00a0A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Input IGST\u00a0A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>6,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Bank A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>56,000<\/td>\n<\/tr>\n<tr>\n<td>(Being Computer purchased, paid IGST)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"5\">(v)<\/td>\n<td>Telephone Expenses A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Input CGST A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>300<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Input SGST A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>300<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To\u00a0Cash\/Bank A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>5,600<\/td>\n<\/tr>\n<tr>\n<td>(Being Telephone Expenses paid along with CGST and SGST@ 6% )<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"5\">(vi)<\/td>\n<td>Charity A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,120<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Purchase A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<tr>\n<td>To\u00a0Input CGST A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>60<\/td>\n<\/tr>\n<tr>\n<td>To\u00a0Input SGST A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>60<\/td>\n<\/tr>\n<tr>\n<td>(Being goods purchased already given as charity)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li><strong>Journal<\/strong><br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Debit Amount (\u20b9)<\/strong><\/td>\n<td><strong>Credit Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(i)<\/td>\n<td>Suspense A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,650<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Purchases Return A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>825<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Sales Return A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>825<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Total of Purchases Return Book posted to the debit of Sales Return Account now\u00a0rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(ii)<\/td>\n<td>Purchase A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Sales A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>180<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Sunil&#8217;s A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,980<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Purchases made from Sunil recorded as sale now\u00a0rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(iii)<\/td>\n<td>Bad Debts A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>328<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Suspense A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>328<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Amount written-off as bad debts omitted to be debited to Bad Debts Account now\u00a0rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(iv)<\/td>\n<td>Y&#8217;s A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To X&#8217;s A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Amount of purchases from X and Y wrongly recorded in Purchases Book now\u00a0rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(v)<\/td>\n<td>Ritesh&#8217;s A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>2,340<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Suspense A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,340<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Goods returned to Ritesh posted to his account as\u00a0\u20b9 260 instead of\u00a0\u20b9 2,600 now\u00a0rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(vi)<\/td>\n<td>Loss by Theft A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>2,210<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Suspense A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,210<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Amount stolen by an ex-employee debited to Suspense Account now\u00a0rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(vii)<\/td>\n<td>Suspense A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Machinery A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Depreciation omitted to be posted to Machinery Account now\u00a0rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Suspense Account<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"2\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"2\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Difference in Trial Balance (Balancing Figure)<\/td>\n<td>2,728<\/td>\n<td>By Bad Debts A\/c<\/td>\n<td>328<\/td>\n<\/tr>\n<tr>\n<td>To Purchases Return A\/c<\/td>\n<td>825<\/td>\n<td>By Ritesh&#8217;s A\/c<\/td>\n<td>2,340<\/td>\n<\/tr>\n<tr>\n<td>To Sales Return A\/c<\/td>\n<td>825<\/td>\n<td>By Loss by Theft A\/c<\/td>\n<td>2,210<\/td>\n<\/tr>\n<tr>\n<td>To Machinery A\/c<\/td>\n<td>500<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>4,878<\/strong><\/td>\n<td><\/td>\n<td><strong>4,878<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>OR<\/b><\/p>\n<p><strong>RECTIFYING JOURNAL ENTRIES<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>L.F.<\/strong><\/td>\n<td><strong>Dr. (\u20b9)<\/strong><\/td>\n<td><strong>Dr. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(i)<\/td>\n<td>Karan A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>1,700<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Kartik A\/c<br \/>\n(credit sale to Karan was posted to Kartik\u2019s Account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,700<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(ii)<\/td>\n<td>Neema A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>1,700<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Sales A\/c<br \/>\n(cash sale posted to credit of Neema\u2019s Account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,700<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(iii)<\/td>\n<td>Sales A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>1,700<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Furniture A\/c<br \/>\n(credit sale of old furniture credited to Sales Account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,700<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(iv)<\/td>\n<td>Furniture A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>5,400<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Ronak A\/c<br \/>\n(credit sale of old furniture to Ronak for \u20b9 1,700 posted as \u20b9 7,100, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>5,400<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(v)<\/td>\n<td>Gautam A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>640<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Sales Return A\/c<br \/>\n(dishonour of Gautam\u2019s cheque debited to Sales Return Account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>640<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(vi)<\/td>\n<td>Rawat A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>2,860<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Bad Debts Recovered A\/c<br \/>\n(bad debts recovered credited to personal account of Rawat, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,860<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(vii)<\/td>\n<td>Drawings A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>10,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Electricity Expenses A\/c<br \/>\n(payment of electricity bill of proprietor\u2019s residence wrongly debited to Electricity Expenses Account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>10,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(viii)<\/td>\n<td>Drawings A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>7,500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Purchases A\/c<br \/>\n(\u20b9 7,500 withdrawn from bank for personal use wrongly charged to Purchases Account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>7,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(ix)<\/td>\n<td>Cash A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>15,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Drawings A\/c<br \/>\n(cash withdrawn from bank for office use debited to Drawings Account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>15,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(x)<\/td>\n<td>Salary A\/c<\/td>\n<td>&#8230;Dr.<\/td>\n<td><\/td>\n<td>8,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Vikas A\/c<br \/>\n(salary paid to Vikas debited to his account, now rectified)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>8,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li><strong>MACHINERY ACCOUNT<\/strong><br \/>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"4\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"4\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Date<\/strong><\/td>\n<td colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2019<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td>2020<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Bank A\/c<\/td>\n<td><\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Balance c\/d<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine 1<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 1<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine (3,4,5,6)<\/td>\n<td><u>2,00,000<\/u><\/td>\n<td><u>3,00,000<\/u><\/td>\n<td><\/td>\n<td>Machine 3<\/td>\n<td><u>2,00,000<\/u><\/td>\n<td><u>3,00,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>3,00,000<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>3,00,000<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td>2020<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td>2021<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Balance b\/d<\/td>\n<td><\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Balance c\/d<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine 1<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 1<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine<br \/>\n(3,4,5,6)<\/td>\n<td><u>2,00,000<\/u><\/td>\n<td><u>3,00,000<\/u><\/td>\n<td><\/td>\n<td>Machine 3<\/td>\n<td><u>2,00,000<\/u><\/td>\n<td><u>3,00,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>3,00,000<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>3,00,000<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td>2021<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td>2021<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Balance b\/d<\/td>\n<td><\/td>\n<td>Oct. 01<\/td>\n<td colspan=\"2\">Provision for Depreciation A\/c<\/td>\n<td>12,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine 1<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td>Oct. 02<\/td>\n<td colspan=\"2\">Bank A\/c (sale of Machine 1)<\/td>\n<td>30,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td>Oct.<br \/>\n02<\/td>\n<td colspan=\"2\">Profit and Loss A\/c (Loss on Sale of Machine 1)<\/td>\n<td>7,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine<br \/>\n(3,4,5,6)<\/td>\n<td><u>2,00,000<\/u><\/td>\n<td>3,00,000<\/td>\n<td>2022<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Balance c\/d<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 3<\/td>\n<td><u>2,00,000<\/u><\/td>\n<td><u>2,50,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>3,00,000<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>3,00,000<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td>2022<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td>2022<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Balance b\/d<\/td>\n<td><\/td>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Provision for Depreciation A\/c<\/td>\n<td>15,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td>Apr.<br \/>\n01<\/td>\n<td colspan=\"2\">Bank A\/c (Sale of Machine 2)<\/td>\n<td>24,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Machine (3,4,5,6)<\/td>\n<td><u>2,00,000<\/u><\/td>\n<td><u>2,50,000<\/u><\/td>\n<td>Apr.<br \/>\n01<\/td>\n<td colspan=\"2\">Profit and Loss A\/c (Loss on Sale on Machine 2)<\/td>\n<td>11,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td>2023<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Balance c\/d (Machine 3,4,5,6)<\/td>\n<td><u>2,00,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>2,50,000<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>2,50,000<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>PROVISION FOR DEPRECIATION ACCOUNT<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"3\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"4\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Date<\/strong><\/td>\n<td colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2020<\/td>\n<td><\/td>\n<td><\/td>\n<td>2020<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Mar. 31<\/td>\n<td>Balance c\/d<\/td>\n<td>30,000<\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Depreciation A\/c<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 1<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 3<\/td>\n<td><u>20,000<\/u><\/td>\n<td><u>30,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><u><strong>30,000<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>30,000<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td>2021<\/td>\n<td><\/td>\n<td><\/td>\n<td>2020<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Mar.<br \/>\n31<\/td>\n<td>Balance c\/d<\/td>\n<td>60,000<\/td>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Balance b\/d<\/td>\n<td>30,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2021<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Depreciation A\/c<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 1<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 3<\/td>\n<td><u>20,000<\/u><\/td>\n<td><u>30,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><u><strong>60,000<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>60,000<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td>2021<\/td>\n<td><\/td>\n<td><\/td>\n<td>2021<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Oct. 01<\/td>\n<td>Machinery A\/c (Machine 1)\u00a0(5,000 + 5,000 + 2,500)<\/td>\n<td>12,500<\/td>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Balance b\/d<\/td>\n<td>60,000<\/td>\n<\/tr>\n<tr>\n<td>2022<\/td>\n<td><\/td>\n<td><\/td>\n<td>Oct. 01<\/td>\n<td colspan=\"2\">Depreciation A\/c (Machine 1)<\/td>\n<td>2,500<\/td>\n<\/tr>\n<tr>\n<td>Mar. 31<\/td>\n<td>Balance c\/d<\/td>\n<td>75,000<\/td>\n<td>2022<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Depreciation A\/c<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 2<\/td>\n<td>5,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Machine 3<\/td>\n<td><u>20,000<\/u><\/td>\n<td><u>25,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><u><strong>87,500<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>87,500<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td>2022<\/td>\n<td><\/td>\n<td><\/td>\n<td>2022<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Apr. 01<\/td>\n<td>Machinery A\/c (Machine 2)<\/td>\n<td>15,000<\/td>\n<td>Apr. 01<\/td>\n<td colspan=\"2\">Balance b\/d<\/td>\n<td>75,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(5,000 + 5,000 + 5,000)<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>2023<\/td>\n<td><\/td>\n<td><\/td>\n<td>2023<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Mar. 31<\/td>\n<td>Balance c\/d<\/td>\n<td><u>80,000<\/u><\/td>\n<td>Mar. 31<\/td>\n<td colspan=\"2\">Depreciation A\/c (Machine 3)<\/td>\n<td><u>20,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><u><strong>95,000<\/strong><\/u><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><u><strong>95,000<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Working Notes:<\/strong><br \/>\n<strong>WN1:<\/strong>\u00a0Calculation of Profit &amp; Loss on Sale of Machine 1<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Value of Machinery on Apr. 01,2019<\/td>\n<td>50,000<\/td>\n<\/tr>\n<tr>\n<td><em>Less:\u00a0<\/em>Depreciation<\/td>\n<td><u>(5,000)<\/u><\/td>\n<\/tr>\n<tr>\n<td>Value of Machinery on Apr. 01,2020<\/td>\n<td>45,000<\/td>\n<\/tr>\n<tr>\n<td><em>Less:<\/em>\u00a0Depreciation<\/td>\n<td><u>(5,000)<\/u><\/td>\n<\/tr>\n<tr>\n<td>Value of Machinery on Apr. 01, 2021<\/td>\n<td>40,000<\/td>\n<\/tr>\n<tr>\n<td><em>Less:<\/em>\u00a0Depreciation for 6 months<\/td>\n<td><u>(2,500)<\/u><\/td>\n<\/tr>\n<tr>\n<td>Value of Machinery on Oct. 01, 2021<\/td>\n<td>37,500<\/td>\n<\/tr>\n<tr>\n<td><em>Less:<\/em>\u00a0Sale Value<\/td>\n<td><u>(30,000)<\/u><\/td>\n<\/tr>\n<tr>\n<td><strong>Loss on Sale<\/strong><\/td>\n<td><u><strong>7,500<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>OR<\/b><\/p>\n<p><strong>In The Books of Sharma &amp; Co.<br \/>\nMachinery Account<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"4\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"4\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>J.F.<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>J.F.<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2020<br \/>\nApr. 01<\/td>\n<td>To Bank (I)<\/td>\n<td><\/td>\n<td>1,50,000<\/td>\n<td>2021<br \/>\nMar. 31<\/td>\n<td>By Balance c\/d<\/td>\n<td><\/td>\n<td>2,00,000<\/td>\n<\/tr>\n<tr>\n<td>Oct 01<\/td>\n<td>To Bank (II)<\/td>\n<td><\/td>\n<td>50,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>2,00,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>2,00,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2021<br \/>\nApr. 01<\/td>\n<td>To Balance b\/d<\/td>\n<td><\/td>\n<td>2,00,000<\/td>\n<td>2022<br \/>\nMar.31<\/td>\n<td>By Balance c\/d<\/td>\n<td><\/td>\n<td>2,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>2,00,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>2,00,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2022<br \/>\nApr. 01<\/td>\n<td>To Balance b\/d<\/td>\n<td><\/td>\n<td>2,00,000<\/td>\n<td>2022<br \/>\nSep 30<\/td>\n<td>By Machinery Disposal A\/c<\/td>\n<td><\/td>\n<td>50,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Mar. 31, 2023<\/td>\n<td>By Balance c\/d<\/td>\n<td><\/td>\n<td>1,50,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>2,00,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>2,00,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Accumulated Depreciation Account\u00a0<\/strong><\/p>\n<table class=\"responsive\" border=\"1\" width=\"944\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"5\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"5\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>J.F.<\/strong><\/td>\n<td><strong>Amount\u00a0(\u20b9)<\/strong><\/td>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>J.F.<\/strong><\/td>\n<td><strong>Amount\u00a0(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2021<br \/>\nMar. 31<\/td>\n<td>To Balance c\/d<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2021<br \/>\nMar. 31<\/td>\n<td>By Depreciation<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>I<\/td>\n<td>15,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>I<\/td>\n<td>15,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>II<\/td>\n<td><u>2,500<\/u><\/td>\n<td><\/td>\n<td>17,500<\/td>\n<td><\/td>\n<td>II (for 6 months)<\/td>\n<td><u>2,500<\/u><\/td>\n<td><\/td>\n<td>17,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>17,500<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>17,500<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2022<br \/>\nMar. 31<\/td>\n<td>To Balance c\/d<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2021<br \/>\nApr. 01<\/td>\n<td>By Balance b\/d<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>I<\/td>\n<td>30,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>I<\/td>\n<td>15,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>II<\/td>\n<td><u>7,500<\/u><\/td>\n<td><\/td>\n<td>37,500<\/td>\n<td><\/td>\n<td>II<\/td>\n<td>2,500<\/td>\n<td><\/td>\n<td>17,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2022<br \/>\nMar. 31<\/td>\n<td>By Depreciation<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>I<\/td>\n<td>15,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>II<\/td>\n<td><u>5,000<\/u><\/td>\n<td><\/td>\n<td>20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>37,500<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>37,500<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2022<br \/>\nSep\u00a030<\/td>\n<td>To Machinery disposal (II)<\/td>\n<td><\/td>\n<td><\/td>\n<td>10,000<\/td>\n<td>2022<br \/>\nApr. 01<\/td>\n<td>By Balance b\/d<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Mar. 31, 2023<\/td>\n<td>To Balance c\/d (I)<\/td>\n<td><\/td>\n<td><\/td>\n<td>45,000<\/td>\n<td><\/td>\n<td>I<\/td>\n<td>30,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>II<\/td>\n<td><u>7,500<\/u><\/td>\n<td><\/td>\n<td>37,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Sep. 30<\/td>\n<td>By Depreciation (II)<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Mar. 31, 2023<\/td>\n<td>By Depreciation (I)<\/td>\n<td><\/td>\n<td><\/td>\n<td>15,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>55,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>55,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Machinery Disposal Account<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"4\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"4\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>J.F.<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>J.F.<\/strong><\/td>\n<td><strong>Amount\u00a0(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2022<br \/>\nSep. 30<\/td>\n<td>To Machinery A\/c<\/td>\n<td><\/td>\n<td>50,000<\/td>\n<td>2022<br \/>\nSep. 30<\/td>\n<td>By Accumulated Depreciation A\/c<\/td>\n<td><\/td>\n<td>10,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Sep. 30<\/td>\n<td>By Bank A\/c<\/td>\n<td><\/td>\n<td>40,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>50,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>50,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>W.N.:<\/strong><br \/>\nCalculation of Profit or Loss on sale of Machine II:<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount\u00a0<\/strong><strong>(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Original Cost Oct. 01, 2020<\/td>\n<td>50,000<\/td>\n<\/tr>\n<tr>\n<td>Less: Accumulated Depreciation<\/td>\n<td>(10,000)<\/td>\n<\/tr>\n<tr>\n<td>Book Value on Sept. 30, 2022<\/td>\n<td>40,000<\/td>\n<\/tr>\n<tr>\n<td>Less: Sale Value<\/td>\n<td>(40,000)<\/td>\n<\/tr>\n<tr>\n<td>Profit\/Loss<\/td>\n<td>NIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Depreciation is charged through the straight-line method so the same amount of depreciation is charged each year on the original cost of the asset.<\/li>\n<\/ol>\n<p>Access <strong>Class 11 Accountancy sample papers<\/strong> designed according to the latest <strong>CBSE guidelines<\/strong>. These papers are an excellent way to evaluate your understanding of the subject and ensure you&#8217;re exam-ready.<\/p>\n<p style=\"text-align: center;\"><b>Part B<\/b><\/p>\n<ol>\n<li>(d) Drawings<br \/>\n<b>Explanation:\u00a0<\/b>Drawings<b>OR<\/b>(c) All of these<br \/>\n<b>Explanation:\u00a0<\/b>The single entry system is suitable\u00a0for small businesses because Double entry is costly.<\/li>\n<li>(d) \u20b9 271500<br \/>\n<b>Explanation:\u00a0<\/b>purchases = 280000 &#8211; 5000 &#8211; 2000 &#8211; 1500 = 271500<\/li>\n<li>(d) \u20b9 500 in Cr.<br \/>\n<b>Explanation:\u00a0<\/b>\u20b9 500 in Cr.<b>OR<\/b>(b) Accrual Concept<br \/>\n<b>Explanation:\u00a0<\/b>Accrual Concept<\/li>\n<li>Cost of Goods Sold = Beginning Inventory + Purchases + Direct Expenses &#8211; Ending Inventory<br \/>\n= \u20b9\u00a08,500 + \u20b9\u00a030,700 + \u20b9\u00a04,800 &#8211; \u20b9\u00a09,000<br \/>\n= \u20b9\u00a035,000<\/li>\n<li><strong>TRADING ACCOUNT<\/strong><br \/>\nas at March 31, 2023<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"2\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"2\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Opening Stock A\/c<\/td>\n<td>50,000<\/td>\n<td>By Sales A\/c<\/td>\n<td>3,80,000<\/td>\n<\/tr>\n<tr>\n<td>To Freight and Packing A\/c<\/td>\n<td>20,000<\/td>\n<td>By Closing Stock A\/c<\/td>\n<td>60,000<\/td>\n<\/tr>\n<tr>\n<td>To Purchase A\/c<\/td>\n<td>2,80,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Gross Profit A\/c (b\/f)<\/td>\n<td>90,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>4,40,000<\/strong><\/td>\n<td><\/td>\n<td><strong>4,40,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Working Notes:-<\/strong><\/p>\n<ol start=\"1\">\n<li>Gross Profit =\u00a0Sales + Closing Stock &#8211; (Opening Stock + Goods Purchased + Freight and Packing)<br \/>\n= 3,80,000 + 60,000 &#8211; (50,000 + 2,80,000 + 20,000)<br \/>\n= 4,40,000 &#8211; 3,50,000<br \/>\nGross Profit = 90,000<\/li>\n<li>Packing Expenses on the sales is an indirect Expenses,\u00a0so we cannot include it in calculation of Gross profit.<\/li>\n<\/ol>\n<\/li>\n<li><strong>In the Books of Raman<br \/>\nProfit and Loss Account<br \/>\nfor the year ended 31<sup>st<\/sup>\u00a0March, 2023<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td><strong>Amount\u00a0(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Interest Received<\/td>\n<td>45,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Add: Accrued Interest<\/td>\n<td>5,000<\/td>\n<td>50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Balance Sheet of Raman<br \/>\nas at 31<sup>st<\/sup>\u00a0March, 2023<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td><strong>Amount (\u20b9)<\/strong><\/td>\n<td colspan=\"2\"><strong>Assets<\/strong><\/td>\n<td><strong>Amount\u00a0(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Investment A\/c<\/td>\n<td>5,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Add: Accrued Interest<\/td>\n<td>5,000<\/td>\n<td>5,05,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li><strong>Statement of Affairs<\/strong><br \/>\n<strong>(as on 31st March, 2012)<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td><strong>Amt(Rs)<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td><strong>Amt(Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Sundry Creditors<\/td>\n<td>30,000<\/td>\n<td>Cash<\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td>Capital(Balancing figures)<\/td>\n<td>2,38,000<\/td>\n<td>Sundry Debtors<\/td>\n<td>78,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Stock<\/td>\n<td>68,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Plant and Machinery<\/td>\n<td>1,20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>2,68,000<\/strong><\/td>\n<td><\/td>\n<td><strong>2,68,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Statement of Affairs<\/strong><br \/>\n<strong>(as on 31st March, 2013)<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td><strong>Amt (Rs)<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td><strong>Amt (Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Sundry Creditors<\/td>\n<td>29,800<\/td>\n<td>Cash<\/td>\n<td>1,800<\/td>\n<\/tr>\n<tr>\n<td>Bills Payable<\/td>\n<td>10,000<\/td>\n<td>Sundry Debtors<\/td>\n<td>90,000<\/td>\n<\/tr>\n<tr>\n<td>Capital(Balancing figures)<\/td>\n<td>2,76,000<\/td>\n<td>Stock<\/td>\n<td>64,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Plant and Machinery<\/td>\n<td>1,60,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>3,15,800<\/strong><\/td>\n<td><\/td>\n<td><strong>3,15,800<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Statement of Profit or Loss<\/strong><br \/>\n<strong>(for the year ended\u00a031st March, 2013)<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Amt (Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Capital at 31st March, 2013<\/td>\n<td>2,76,000<\/td>\n<\/tr>\n<tr>\n<td>(+) Drawings Made During 2102-13(6000\u00a0<span class=\"math-tex\">\u00d7<\/span>12)<\/td>\n<td>72,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>3,48,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(-) Fresh Capital Introduced\u00a0During the year<\/td>\n<td>20,000<\/td>\n<\/tr>\n<tr>\n<td>Adjusted capital on 31st March, 2013<\/td>\n<td><strong>3,28,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(-) Capital at 31st March, 2012<\/td>\n<td>2,38,000<\/td>\n<\/tr>\n<tr>\n<td>Profit Made During 2012-13<\/td>\n<td><strong>90,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>OR<\/b><\/p>\n<p><strong>STATEMENT OF PROFIT OR LOSS<\/strong><\/p>\n<table border=\"1\" cellspacing=\"1\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Closing Capital (W.N.1)<\/td>\n<td><\/td>\n<td>6,40,000<\/td>\n<\/tr>\n<tr>\n<td>Add: Drawings<\/td>\n<td><\/td>\n<td><u>90,000<\/u><\/td>\n<\/tr>\n<tr>\n<td>Amount<\/td>\n<td><\/td>\n<td>7,30,000<\/td>\n<\/tr>\n<tr>\n<td>Less: Opening Capital<\/td>\n<td>(5,00,000)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Less: Additional Capital<\/td>\n<td><u>(1,50,000)<\/u><\/td>\n<td><u>(6,50,000)<\/u><\/td>\n<\/tr>\n<tr>\n<td><strong>Profit at the end of the year<\/strong><\/td>\n<td><\/td>\n<td><strong>80,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Working note 1.<strong>STATEMENT OF AFFAIRS<br \/>\nat the end of the year&#8230;&#8230;&#8230;&#8230;&#8230;..<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\"><strong>Liabilities<\/strong><\/th>\n<th scope=\"col\"><strong>\u20b9<\/strong><\/th>\n<th scope=\"col\"><strong>Assets<\/strong><\/th>\n<th scope=\"col\"><strong>\u20b9<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Sundry Creditors<\/td>\n<td>80,000<\/td>\n<td>Cash in Hand<\/td>\n<td>15,000<\/td>\n<\/tr>\n<tr>\n<td>Closing Capital<br \/>\n(Balancing Figure)<\/td>\n<td>6,40,000<\/td>\n<td>Cash at Bank<\/td>\n<td>70,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Sundry Debtors<\/td>\n<td>1,20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Stock<\/td>\n<td>2,40,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Furniture<\/td>\n<td>75,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Machinery<\/td>\n<td>2,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>7,20,000<\/strong><\/td>\n<td><\/td>\n<td><strong>7,20,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>It is noted that when the capital at the beginning of the year and at the close of the year\u00a0is compared and capital at the end is more than the capital in the beginning the result is profit.<\/li>\n<\/ol>\n<p><strong>CBSE sample papers for Class 11 Accountancy<\/strong> are available for free download. Start practicing today to get a clear idea of what to expect in your <strong>Accountancy exam<\/strong> and improve your preparation.<\/p>\n<ol>\n<li><strong>TRADING AND PROFIT &amp; LOSS ACCOUNT<br \/>\nfor the year ending 31<sup>st<\/sup>\u00a0March, 2023<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"3\"><strong>Dr.<\/strong><\/td>\n<td colspan=\"3\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Opening Stock<\/td>\n<td><\/td>\n<td>15,000<\/td>\n<td>By Sales<\/td>\n<td>1,20,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Purchases<\/td>\n<td>82,000<\/td>\n<td><\/td>\n<td>Less: Returns Inwards<\/td>\n<td><u>(2,000)<\/u><\/td>\n<td>1,18,000<\/td>\n<\/tr>\n<tr>\n<td>Less: Return outwards<\/td>\n<td><u>(1,200)<\/u><\/td>\n<td><\/td>\n<td>By Closing Stock<\/td>\n<td><\/td>\n<td>24,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>80,800<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Less: Loss by Fire (Goods)<\/td>\n<td><u>(6,000)<\/u><\/td>\n<td>74,800<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Freight<\/td>\n<td><\/td>\n<td>2,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Gross Profit c\/d<\/td>\n<td><\/td>\n<td>50,200<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><strong>1,42,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>1,42,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Insurance charges<\/td>\n<td>2,400<\/td>\n<td><\/td>\n<td>By Gross Profit b\/d<\/td>\n<td><\/td>\n<td>50,200<\/td>\n<\/tr>\n<tr>\n<td>Less: Prepaid Insurance (2,400<span class=\"math-tex\">\u00d7312<\/span>)<\/td>\n<td><u>(600)<\/u><\/td>\n<td>1,800<\/td>\n<td>By Discount<\/td>\n<td><\/td>\n<td>800<\/td>\n<\/tr>\n<tr>\n<td>To Salaries &amp; Wages<\/td>\n<td><\/td>\n<td>19,400<\/td>\n<td>By Rent of Premises sublet<\/td>\n<td>1,200<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Trade Expenses<\/td>\n<td><\/td>\n<td>400<\/td>\n<td>Less: Rent received in advance (6 months)<\/td>\n<td><u>(600)<\/u><\/td>\n<td>600<\/td>\n<\/tr>\n<tr>\n<td>To Postage<\/td>\n<td><\/td>\n<td>800<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Carriage outwards<\/td>\n<td><\/td>\n<td>500<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Rent, Rates &amp; Taxes<\/td>\n<td><\/td>\n<td>4,600<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Printing &amp; Stationery<\/td>\n<td>1,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Less: Unused<\/td>\n<td><u>(250)<\/u><\/td>\n<td>750<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Bad Debts<\/td>\n<td>800<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Add: New Provision for Doubtful Debts<\/td>\n<td><u>1,200<\/u><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>2,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Less: Old Provision for Doubtful Debts<\/td>\n<td><u>(400)<\/u><\/td>\n<td>1,600<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Provision for Discount on Debtors<\/td>\n<td><\/td>\n<td>376<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Depreciation on Plant and Machinery:-<br \/>\n10% on\u00a0\u20b9 1,20,000 for one year<\/td>\n<td>12,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Add: 10% on\u00a0\u20b9 5,000 for 6 months<\/td>\n<td><u>250<\/u><\/td>\n<td>12,250<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Loss by fire (Note 1)<\/td>\n<td><\/td>\n<td>3,080<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Net Profit transferred to Capital A\/c<\/td>\n<td><\/td>\n<td>6,044<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><strong>51,600<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>51,600<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>BALANCE SHEET<br \/>\nas at 31<sup>st<\/sup>\u00a0March, 2023<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td><\/td>\n<td><strong>Amount<br \/>\n(\u20b9)<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td><\/td>\n<td><strong>Amount<br \/>\n(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Sundry Creditors<\/td>\n<td><\/td>\n<td>20,000<\/td>\n<td>Cash in hand<\/td>\n<td><\/td>\n<td>200<\/td>\n<\/tr>\n<tr>\n<td>Rent received in advance<\/td>\n<td><\/td>\n<td>600<\/td>\n<td>Cash at HDFC Bank<\/td>\n<td><\/td>\n<td>19,500<\/td>\n<\/tr>\n<tr>\n<td>Capital<\/td>\n<td>1,70,000<\/td>\n<td><\/td>\n<td>Sundry Debtors<\/td>\n<td>20,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Add: Net Profit<\/td>\n<td><u>6,044<\/u><\/td>\n<td><\/td>\n<td>Less: Bad Debts<\/td>\n<td><u>(800)<\/u><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>1,76,044<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>20,000<\/strong><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Less: Drawings<\/td>\n<td><u>(6,000)<\/u><\/td>\n<td>1,70,044<\/td>\n<td>Less: Provision for Doubtful Debts<\/td>\n<td><u>(1,200)<\/u><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>18,800<\/strong><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Less: Provision for Discount on Debtors<\/td>\n<td><u>(376)<\/u><\/td>\n<td>18,424<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Insurance Company (claim)<\/td>\n<td><\/td>\n<td>4,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Closing Stock<\/td>\n<td><\/td>\n<td>24,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Stationery Unused<\/td>\n<td><\/td>\n<td>250<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Prepaid Insurance<\/td>\n<td><\/td>\n<td>600<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Input IGST (\u20b9 7,000 &#8211;\u00a0\u20b9 1,080)<\/td>\n<td><\/td>\n<td>5,920<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Furniture &amp; Fixtures<\/td>\n<td><\/td>\n<td>5,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Plant &amp; Machinery<\/td>\n<td>1,20,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Additions (1-10-2022)<\/td>\n<td><u>5,000<\/u><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>1,25,000<\/strong><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Less: Depreciation<\/td>\n<td><u>(12,250)<\/u><\/td>\n<td>1,12,750<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><strong>1,90,644<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>1,90,644<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Notes (1):<\/strong><br \/>\nAdjustment Entries for Loss of Stock by Fire:<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>(i)<\/strong><\/td>\n<td>Loss of Stock by Fire A\/c<\/td>\n<td>Dr.<\/td>\n<td>7,080<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Purchases A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>6,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Input IGST A\/c (18% of \u20b9 6,000)<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,080<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>(ii)<\/strong><\/td>\n<td>Insurance Company (Claim) A\/c<\/td>\n<td>Dr.<\/td>\n<td>4,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Profit &amp; Loss A\/c<\/td>\n<td>Dr.<\/td>\n<td>3,080<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Loss of Stock by Fire A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>7,080<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>OR<\/b><\/p>\n<p><strong>Trading and Profit and loss Account<\/strong><br \/>\nfor the year ended 31st March, 2013<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Dr<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>Cr<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>Amt(Rs)<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td><\/td>\n<td><strong>Amt(Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Opening Stock<\/td>\n<td><\/td>\n<td>13,36,250<\/td>\n<td>By Sales<\/td>\n<td><\/td>\n<td>1,26,20,000<\/td>\n<\/tr>\n<tr>\n<td>To purchases<\/td>\n<td>81,25,250<\/td>\n<td><\/td>\n<td>By Closing Stock<\/td>\n<td><\/td>\n<td>6,27,500<\/td>\n<\/tr>\n<tr>\n<td>Add : Omitted Purchases<\/td>\n<td>60,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Less : Loss of goods by fire<\/td>\n<td>(75,000)<\/td>\n<td>81,10,250<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Wages<\/td>\n<td><\/td>\n<td>11,56,850<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Power and Fuel<\/td>\n<td><\/td>\n<td>67,500<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Gross Profit transferred to Profit &amp; Loss A\/c<\/td>\n<td><\/td>\n<td>25,76,650<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>1,32,47,500<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,32,47,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Loss of goods by fire<\/td>\n<td><\/td>\n<td>25,000<\/td>\n<td>By Gross Profit b\/d<\/td>\n<td><\/td>\n<td>25,76,650<\/td>\n<\/tr>\n<tr>\n<td>To Salaries<\/td>\n<td><\/td>\n<td>2,78,750<\/td>\n<td>By\u00a0Provision for Doubtful Debts (Old Provision)<\/td>\n<td>2,60,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Postage<\/td>\n<td><\/td>\n<td>2,11,300<\/td>\n<td>Less : 5% Provision (New Provision)<\/td>\n<td>1,24,250<\/td>\n<td>1,35,750<\/td>\n<\/tr>\n<tr>\n<td>To Trade Expenses<\/td>\n<td><\/td>\n<td>2,91,550<\/td>\n<td>By accrued interest on Loan to Ram (10% on Rs.1,50,000 for 4 months)<\/td>\n<td><\/td>\n<td>5,000<\/td>\n<\/tr>\n<tr>\n<td>To Bad Debts<\/td>\n<td>26,250<\/td>\n<td>3,040<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Add : Further Bad Debts<\/td>\n<td>25,000<\/td>\n<td>51,250<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Depreciation on Furniture<\/td>\n<td><\/td>\n<td>36,250<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Net Profit Transferred to Capital A\/c<\/td>\n<td><\/td>\n<td>18,23,300<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>27,17,400<\/td>\n<td><\/td>\n<td><\/td>\n<td>27,17,400<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Balance Sheet<\/strong><br \/>\nas at 31st March,2013<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td><\/td>\n<td><strong>Amt(Rs)<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td><\/td>\n<td><strong>Amt(Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Current Liabilties<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>Current Assets<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Creditors<\/td>\n<td>15,26,300<\/td>\n<td><\/td>\n<td>Claim by Insurance Company<\/td>\n<td><\/td>\n<td>50,000<\/td>\n<\/tr>\n<tr>\n<td>Add : Omitted Purchases<\/td>\n<td>60,000<\/td>\n<td>15,86,300<\/td>\n<td>Cash in Hand and at Bank<\/td>\n<td><\/td>\n<td>5,00,000<\/td>\n<\/tr>\n<tr>\n<td>Bills Payable<\/td>\n<td><\/td>\n<td>1,97,500<\/td>\n<td>Closing Stock<\/td>\n<td><\/td>\n<td>6,27,500<\/td>\n<\/tr>\n<tr>\n<td>Outstanding wages (note 1)<\/td>\n<td><\/td>\n<td>1,00,000<\/td>\n<td>Debtors<\/td>\n<td>25,10,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Trade Expenses Accrued (note1)<\/td>\n<td><\/td>\n<td>35,000<\/td>\n<td>Less : Bad Debts<\/td>\n<td>(25,000)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>Capital<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>24,85,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Opening Balance<\/td>\n<td>5,00,000<\/td>\n<td><\/td>\n<td>Less : Provision for doubtful debts<\/td>\n<td>(1,24,250)<\/td>\n<td>23,60,750<\/td>\n<\/tr>\n<tr>\n<td>Less : Drawings<\/td>\n<td>(2,22,600)<\/td>\n<td><\/td>\n<td>Loan to Ram<\/td>\n<td>1,50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>2,77,400<\/td>\n<td><\/td>\n<td>Add :Accrued Interest<\/td>\n<td>5,000<\/td>\n<td>1,55,000<\/td>\n<\/tr>\n<tr>\n<td>Add : Net Profit<\/td>\n<td>18,23,300<\/td>\n<td>21,00,700<\/td>\n<td><strong>Fixed Assets<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Furniture<\/td>\n<td>3,62,500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Less : Depreciation<\/td>\n<td>(36,250)<\/td>\n<td>3,26,250<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>40,19,500<\/td>\n<td><\/td>\n<td><\/td>\n<td>40,19,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Following entry will be passed to record the omitted purchases.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>Purchases A\/c<\/td>\n<td>Dr<\/td>\n<td>60,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Supplier (Creditor)<\/td>\n<td><\/td>\n<td><\/td>\n<td>60,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Note :<br \/>\n1. Since the amount of outstanding wages and Accrued trade expenses is given inside the Trial Balance, these will only be shown in Liability\u00a0\u00a0side of Balance sheet.<\/li>\n<\/ol>\n<p style=\"text-align: left;\"><strong>Download the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\">myCBSEguide App<\/a><\/strong> for <strong>CBSE<\/strong>, <strong>JEE<\/strong>, <strong>NEET<\/strong>, and <strong>NDA exams<\/strong> to access study resources, sample papers, and solutions. Teachers can easily generate personalized papers using <a href=\"https:\/\/examin8.com\/\"><strong>Examin8.com App<\/strong><\/a>.<\/p>\n<p>Practice with <strong>CBSE Class 11 Accountancy sample papers<\/strong> to get a thorough understanding of the <strong>CBSE exam pattern<\/strong> and enhance your confidence before the actual exam day.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Sample_Papers_for_Class_11_All_Subjects\"><\/span><strong>CBSE Sample Papers for Class 11 All Subjects<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-physics\/1340\/\"><strong>Physics<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-chemistry\/1356\/\"><strong>Chemistry<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-mathematics\/1371\/\"><strong>Mathematics<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-biology\/1388\/\"><strong>Biology<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-accountancy\/1411\/\"><strong>Accountancy<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-economics\/1423\/\"><strong>Economics<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-business-studies\/1740\/\"><strong>Business Studies<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-computer-science\/1852\/\"><strong>Computer Science<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-informatics-practices\/1874\/\"><strong>Informatics Practices<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-english-core\/1856\/\"><strong>English Core<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-%E0%A4%B9%E0%A4%BF%E0%A4%82%E0%A4%A6%E0%A5%80-%E0%A4%95%E0%A5%8B%E0%A4%B0\/1866\/\"><strong>Hindi Core<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-%E0%A4%B9%E0%A4%BF%E0%A4%82%E0%A4%A6%E0%A5%80-%E0%A4%90%E0%A4%9A%E0%A5%8D%E0%A4%9B%E0%A4%BF%E0%A4%95\/1868\/\"><strong>Hindi Elective<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-history\/1870\/\"><strong>History<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-political-science\/1880\/\"><strong>Political Science<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-geography\/1864\/\"><strong>Geography<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-sociology\/1882\/\"><strong>Sociology<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11-physical-education\/1878\/\"><strong>Physical Education<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-11\/1339\/\">Other Subjects<\/a><\/strong><\/li>\n<\/ul>\n<p>Looking for <strong>Class 11 sample papers<\/strong> for the 2024-25 session? Visit <strong>myCBSEguide<\/strong> for free downloads of sample papers in <strong>Physics<\/strong>, <strong>Chemistry<\/strong>, <strong>Biology<\/strong>, <strong>History<\/strong>, <strong>Political Science<\/strong>, <strong>Economics<\/strong>, <strong>Geography<\/strong>, <strong>Computer Science<\/strong>, <strong>Home Science<\/strong>, <strong>Accountancy<\/strong>, and <strong>Business Studies<\/strong>.<\/p>\n<p>MyCBSEguide provides a wide selection of high-quality <strong>CBSE sample papers<\/strong> with <strong>solutions<\/strong> to help you prepare effectively for the upcoming exams. These sample papers are designed by expert educators and follow the latest <strong>CBSE exam pattern<\/strong>. In addition to sample papers, myCBSEguide offers <strong>chapter-wise test papers<\/strong> for focused practice, <strong>NCERT solutions<\/strong>, <strong>NCERT Exemplar solutions<\/strong>, <strong>quick revision notes<\/strong>, <strong>CBSE guess papers<\/strong>, and <strong>important question papers<\/strong> to boost your exam readiness.<\/p>\n<p>Whether you are preparing for <b>Accountancy<\/b>\u00a0or any other subject, the resources on myCBSEguide cover every aspect of the syllabus, helping you strengthen your understanding and improve your time-management skills for exams.<\/p>\n<p>Access all these resources easily through the <strong>myCBSEguide app<\/strong> or website. All materials are available for free, ensuring that you have everything you need for your <strong>Class 11 Accountancy Sample Papers or other exams Sample Papers<\/strong> without any additional cost. Download now and start your preparation today for CBSE Sample Papers Class 11 Accountancy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_Choose_myCBSEguide_for_Exam_Preparation\"><\/span>Why Choose myCBSEguide for Exam Preparation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Comprehensive Study Resources<\/strong><br \/>\nmyCBSEguide offers an extensive range of study materials, including chapter-wise test papers, <strong>NCERT solutions<\/strong>, quick revision notes, and important question papers, ensuring well-rounded preparation for \u00a0exams.<\/p>\n<p><strong>2. Expert-Designed Content<\/strong><br \/>\nDesigned by experienced educators, myCBSEguide\u2019s <strong>sample papers<\/strong> and study materials are aligned with the latest exam trends. This helps students concentrate on crucial topics and avoid common mistakes during exams.<\/p>\n<p><strong>3. User-Friendly Interface<\/strong><br \/>\nThe <strong>myCBSEguide app<\/strong> and website feature an intuitive interface, making it easy for students to quickly find and access study resources. This ensures an efficient and effective study experience.<\/p>\n<p><strong>4. Free Access for All Students<\/strong><br \/>\nAll the study materials, including <strong>sample papers<\/strong> and solutions, are available for free, making <strong>high-quality exam preparation<\/strong> accessible to every student, without additional costs.<\/p>\n<p><strong>5. Time-Saving and Efficient<\/strong><br \/>\nWith all the necessary study resources centralized in one place, myCBSEguide saves valuable time, allowing students to focus on studying instead of searching for materials across multiple platforms.<\/p>\n<p>If you are searching for the best CBSE Sample Papers Class 11 Accountancy, you can get them from the most recommended website <a href=\"https:\/\/mycbseguide.com\/\">MyCBSEGuide<\/a> for free.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get ready for your Class 11 Accountancy exams with the updated CBSE sample papers for the 2024-25 session, available for free download on myCBSEguide App and myCBSEGuide website. These sample papers are designed based on the latest CBSE exam pattern, marking scheme, and blueprint, ensuring your practice with the most accurate material. The updated marking &#8230; <a title=\"CBSE Sample Papers Class 11 Accountancy 2024-25\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-11-accountancy\/\" aria-label=\"More on CBSE Sample Papers Class 11 Accountancy 2024-25\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":29657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1418,1339],"tags":[322,163,1527,12,1959,1967,1340],"class_list":["post-13686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountancy","category-cbse-sample-papers","tag-accountancy","tag-cbse-class-11","tag-cbse-question-paper","tag-cbse-sample-papers","tag-cbse-sample-papers-2024","tag-cbse-sample-papers-2025","tag-model-question-papers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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