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CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)

Q: 2. What are the Advantages of Accounting?

The advantages of accounting are:Complete and Scientific Record - Accounting provides a complete record of financial transactions that take place during the accounting period of a firm or any entity.Financial Position - Financial statements like the balance sheet and profit and loss statements give a picture of the financial position and the performance of the entity.Year to Year Comparison - The financial data of one-year can be compared to that of previous years for heads like cost, sales, profit. The comparison can be done not just for the same entity but also with different entities for past years.

Sample Papers

CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)

Last updated date: 25th Apr 2024

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CBSE Sample Paper-1 for Class 11 Accountancy with Solutions - Free PDF Download

Students of Accountancy can score good marks in their exams by understanding the concepts and practicing them well through attempting sample papers. The experts at Vedantu have prepared Class 11 Accountancy sample papers with solutions that can help the students in revising their concepts. Accountancy can be a scoring subject like mathematics as it is a mix of theory and practical questions. The sample paper Class 11 Accountancy mock paper 1 has been designed on the same pattern as the CBSE Class 11 Accountancy paper.

This paper covers the complete and updated syllabus of Class 11 Accountancy. Students can learn about their mistakes while attempting the paper as solutions have been provided for all the questions. Class 11th Accountancy is the first year of this subject for students and they need to be clear with their concepts and the format of accounting books.

Importance of Accountancy for the Students of Class 11 CBSE Board

Accountancy is the systematic procedure of recognizing, documenting, categorizing, calculating, and summarising the financial data for entities that can either be individuals or entities like firms. The books of accounting help in giving a clear picture of the profit or loss for a given period of time. They help in understanding the nature and value of a firm’s assets, liabilities, and the equity of the owners/partners, etc.

Accounting aids an entity to assess its financial position in a transparent manner. The accounting books are used by the management to get a picture of the business position, so they know if the business is profitable or not and what course of action must be followed to reduce the losses if any and to increase the profits. By doing an analysis of the different accounting heads, they can gauge which accounts are giving losses and which ones are adding to the profits. Accountancy helps an entity to make significant economic decisions by analyzing past performance.

Accountancy Sample Paper for Class 11 CBSE Board

The sample paper of Accounts Class 11 is for a total of 90 marks and the time duration allotted to complete the paper is 3 hours. The pattern of the paper is as follows:

Very Short Answer Type Questions - 1 mark.
Short Answer Type Questions - ¾ marks.
Practical Questions - 6/8 marks.

The very short answer type questions mostly require a crisp one or two-line answer while the short answer type question is slightly lengthier than this. The practical questions will require the students to record journal entries, prepare a trial balance, a purchase book, accounting equations, prepare bank reconciliation statements, and prepare individual accounts.

Sample Paper for Class 11 Accountancy: The Curriculum

Sample paper class 11 Accountancy contains units from both parts namely Part A- Financial Accounting-I and Part B- Financial Accounting-II. These again comprise the following units.

CBSE Class 11 Accountancy

Part A - Financial Accounting-I
Unit-1	Unit-2
Basic terms and concepts of accountancy Introduction to accounting Theory base of accounting	Business transaction recording Special purpose books Ledger Bank reconciliation statement Reserves, depreciation and provisions Trial balance and error rectification
Part B - Financial Accounting-II
Unit-3	Unit 4
Financial statementsIncomplete records	Use of computer in accounting

Benefits of Class 11th Accounts Sample Paper

The sample paper prepares the students to take the exam with full confidence and reduces their anxiety towards the pattern of the paper.
Since this is the first exposure of the students to the subject of Accountancy, they do not have a clear picture of the kind of questions that will be asked in the exams. The sample paper gives them a clear idea of the pattern.
Solving the sample paper will help the students in framing their answers for the theoretical part of the question paper.
The solutions provided with the paper have been given in a detailed manner so that the students can understand the logic behind every answer.

Accountancy can be a high scoring subject but it requires practice and learning of important accounting concepts that are the foundation for the subject.

FAQs on CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)

1. What is the Advantage of Referring to the Class 11 Accountancy Sample Papers with Solutions?

There are several reasons why students of class 11 must refer to the sample paper of Accountancy class 11.

The papers have been prepared by experts after a careful study of the syllabus and the past years’ question papers.
The sample paper covers the complete updated syllabus.
By attempting the sample papers, students get an idea of the kind of questions that can be asked. They also understand the weightage given to chapters and concepts.
The sample paper provides detailed solutions to the questions which helps the students in framing their answers in the exams.
Students can time themselves while solving the paper and this will help them in understanding which questions take more time and which type of questions should be attempted first.

2. What are the Advantages of Accounting?

The advantages of accounting are:

Complete and Scientific Record - Accounting provides a complete record of financial transactions that take place during the accounting period of a firm or any entity.
Financial Position - Financial statements like the balance sheet and profit and loss statements give a picture of the financial position and the performance of the entity.
Year to Year Comparison - The financial data of one-year can be compared to that of previous years for heads like cost, sales, profit. The comparison can be done not just for the same entity but also with different entities for past years.

3. How to Answer Practical Questions in Accountancy?

To answer practical-based questions in Accountancy, students must go:

Record journal entries diligently.
Prepare trial balance, bank reconciliation statements.
Prepare purchase book etc.

A repeated practise of these things along with solving questions from CBSE sample papers for class 11 accountancy will help them handle practical problems confidently.

4. Why is Accounting Important?

Accounting is important due to a number of reasons. These are:

It arms the user with scientific financial transaction records.
It helps one realize the financial condition one is in.
You can compare the financial data of a year with that of the previous year(s).

5. What are the benefits of CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)?

The paper covers the complete syllabus of Class 11 Accountancy. A student can practice attempting this paper in 3 hours and check the answer he/she has written in that time with the solutions provided in this PDF. This will benefit the student by analyzing his/her shortcomings and strengths in this subject. A student can always refer to study material available on Vedantu to get an idea of the syllabus and sample papers for any subject. Sample papers are always helpful in scoring more marks.

6. What are time allotted and maximum marks one can score in CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)?

The paper has to be completed in 3 hours of time. Practical questions carry maximum marks (6/8 marks), short answers carry 3 or 4 marks and very short answers will carry 1 mark. It is advised to prepare a strategy as per the length of question and how much time one should spend on such questions. The ones carrying maximum marks should be given more time than the ones with short answer types. Students should practice solving very short answers as quickly as possible so that they get more time for other types of questions.

7. What is the paper pattern of CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)?

The paper is given in the sample as follows: There are 24 questions falling in one of the categories of very short answers, short answers and practical questions. The sample question paper of CBSE Class 11 Accountancy Sample Paper 1 follows this same pattern and solving this question will give students an idea about how to approach each question in the paper and how many marks they will score for each right answer.

8. How can I download CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)?

The CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25) is free to download from the website of Vedantu. You can find the blue button with “Download PDF” written on it. Click it and you can easily download the free PDF. This will enable the students to keep the copy of this paper with them offline and they can study anytime they want to. Vedantu helps students with many such study materials for their examinations.

You can avail all the well-researched and good quality chapters, sample papers, syllabus on various topics from the website of Vedantu and its mobile application available on the play store.

9. How are marking schemes and answers explained in CBSE Class 11 Accountancy Sample Paper-1 with Solutions (2024-25)?

Practical Questions = 6 or 8 marks, short answers = 3 or 4 marks and very short answers = 1 mark. The answers are written in simple and easy to understand language and tables are given as per the requirement. One can use this approach in examinations to score maximum marks. Students should read the solutions provided in this PDF which are provided by the experts in this field. They can form their own answers on the similar lines as well to gain good marks.