Class 11 Accounts Half-Yearly Exam 2026: Important Questions & Complete Revision

Preparing for the Class 11 Accounts Half-Yearly Exam 2026 can be challenging when students struggle with Journal Entries, GST, Ledger, Trial Balance, and Bank Reconciliation Statements (BRS). Regular numerical practice and clear concepts are essential to avoid common accounting errors.

For effective Class 11 Accountancy Half-Yearly Preparation 2026, revise key topics, practise numerical questions, and review mistakes. The revision material covers important concepts and questions to help students identify weak areas. PW's Class 11 Commerce online coaching also provides learning resources and practice support through available batches.

Class 11 Accountancy Half-Yearly Exam 2026 Important Topics for Complete Revision

For the Class 11 Accountancy Half-Yearly Exam 2026, students should revise every topic with MCQs, numerical questions and practical entries. The given details cover the following important topics for complete half-yearly revision.

Class 11 Accounts Important Questions 2026

The following Class 11 Accounts Half-Yearly Important Questions are based on the important topics. Students should first try each question on their own and then check the detailed solution in the attached PDF.

Journal Entries and GST Questions

1. Machinery was purchased for Rs. 50,000. Wages of Rs. 5,000 were paid for its installation. Pass the journal entry. Also pass the entry for depreciation on machinery of Rs. 1,000.

2. Hari purchased goods from Riya at a list price of Rs. 1,00,000 after a 20% trade discount. Half of the amount was paid immediately after a 5% cash discount. Pass the journal entry in Riya’s books.

3. Pass journal entries for rent paid, outstanding salary, interest on capital and bad debts recovered in cash.

4. Kavya Co. purchased goods from Meena with a trade discount, returned some goods, made payment in full settlement, and sold goods to Sonal with both trade and cash discounts. Journalise all transactions.

5. Pass entries for goods withdrawn by the owner, goods distributed as samples, goods given in charity, goods used for office furniture, goods destroyed by fire and goods lost in transit.

6. Sahil Ltd. purchased goods, sold goods, made purchase returns and received sales returns under CGST and SGST at 6% each. Pass all GST journal entries. Also record goods withdrawn for personal use and goods destroyed by fire where only part of the insurance claim is accepted.

Ledger and Trial Balance Questions

1. Sold goods to Vinit at a 20% trade discount. Later, a cheque was received and deposited in the bank. The remaining amount was received in full settlement. Pass journal entries and prepare Vinit’s Ledger Account.

2. A business started with cash and machinery. During the month, it purchased goods, made credit purchases, made cash and credit sales, paid rent, settled accounts with debtors and creditors, paid salary with an outstanding amount, and paid insurance partly for the next month. Prepare journal entries, ledger accounts and a Trial Balance.

3. Redraft a Trial Balance after identifying incorrect placement of debtors, creditors, opening stock, closing stock, plant and machinery, and capital.

4. A Trial Balance was prepared, but credit sales, cheque payment to creditors, purchase return and salary paid by cheque were not recorded. Show the effect of each missing transaction and prepare the revised Trial Balance.

Accounting Equation Questions

1. A business has machinery, stock, cash and creditors. Machinery is depreciated, goods are sold at a profit, and creditors are settled at a discount. Find opening capital, closing assets, liabilities and capital.

2. Prepare an Accounting Equation and Balance Sheet after these transactions: business started with cash and goods, building purchased for cash, goods purchased on credit, goods sold, insurance paid, salary outstanding, depreciation charged and cash withdrawn for personal use.

3. A business began with capital and later took a bank loan. Given closing assets and creditors, calculate closing capital and profit or loss for the year.

Cost of Goods Sold Questions

1. Calculate Cost of Goods Sold, Sales and Gross Profit when opening stock, purchases, purchase returns, direct expenses and closing stock are given. Gross profit is stated as a percentage of cost.

2. Identify which items are included while calculating Cost of Goods Sold: carriage inward, purchase return, sales return, sales and closing stock.

3. Explain whether the difference between Net Sales and Cost of Goods Sold is Gross Profit or Gross Loss in different cases.

Subsidiary Books and Cash Book Questions

1. Identify the correct book for credit purchase of machinery, cash purchase of goods, credit sale of goods, cash sale of furniture, salary paid and outstanding wages.

2. Prepare a Purchase Return Book with CGST, SGST and IGST for goods returned to suppliers located in Gujarat and outside Gujarat.

3. Complete a Sales Book by finding missing details such as trade discount and the total amount posted to the Sales Account.

4. Prepare a Double Column Cash Book from transactions including cash sales, cheque received from a customer, rent paid by cheque, cash deposited into bank, electricity paid in cash and stationery purchased through cheque.

5. Prepare a Non-Analytical Petty Cash Book under the Imprest System for expenses such as refreshment, postage, travel, copies, stationery, cartage and sundry expenses.

Bank Reconciliation Statement Questions

1. The Cash Book shows a bank overdraft. Cheques have been deposited but are not yet credited, some issued cheques are not presented, bank charges are not recorded, and the bank has made a wrong debit. Prepare a Bank Reconciliation Statement.

2. From an overdraft balance as per Cash Book, prepare BRS after considering cheques sent for collection, dishonoured cheque, unpresented cheques, standing instructions, dividend collected by bank, wrong credit by bank and interest on overdraft.

3. Prepare a Bank Reconciliation Statement from the Bank Statement balance after considering issued cheques not presented, deposited cheques not collected, bank commission, interest allowed, wrong debit by bank, cheque not sent to bank and dishonoured cheque.

Class 11 Accounts Half-Yearly Exam 2026 Revision PDF

Use the provided revision PDF alongside the important questions above. Rather than reading every solution passively, follow a three-step revision method.

Keep a separate record of common mistakes, such as incorrect debit and credit treatment, discount calculations, GST classification, ledger balancing and BRS adjustments. Revise this list before attempting another practice set.

For additional support with concepts and practice, students can explore PW Class 11 Commerce online courses and select resources appropriate to their board and syllabus.

Class 11 Accounts Half-Yearly Exam 2026: Preparation Tips

Follow this order for effective Class 11 Accounts Half-Yearly Preparation 2026:

1. Revise basic journal rules and debit-credit treatment.

2. Practise GST entries and transactions involving trade and cash discounts.

3. Post selected journal entries into Ledger Accounts.

4. Prepare a Trial Balance using ledger balances.

5. Revise accounting concepts and the Theoretical Framework through MCQs.

6. Solve Accounting Equation and Cost of Goods Sold questions.

7. Practise Subsidiary Books, Two-Column Cash Book and Petty Cash Book.

8. Solve Bank Reconciliation Statement questions with both favourable and overdraft balances.

9. Reattempt incorrect questions without looking at the solutions.

10. Complete a timed practice session to assess accuracy and time management.

Common Mistakes to Avoid in the Class 11 Accounts Half-Yearly Exam

Avoid these common mistakes in your Class 11 Accounts Half-Yearly Exam preparation to improve accuracy, strengthen concepts and score better in numerical and theory-based questions.

• Skipping working notes: Show calculations clearly, especially for discounts, GST and Cost of Goods Sold.

• Confusing trade discount with cash discount: Apply each discount according to the transaction terms.

• Posting incorrect ledger balances: Check the account side and balance carried down before preparing a Trial Balance.

• Using the wrong BRS treatment: Consider the starting balance and the nature of each adjustment.

• Ignoring theory-based questions: Revise accounting concepts, assumptions and conventions alongside numerical questions.

• Reading solutions without attempting questions: Solve independently before checking the provided answer.

• Ignoring mistakes during revision: Reattempt incorrect questions instead of moving directly to a new topic.

Students looking for structured learning can also review the current UDAY PRO Class 11 Commerce batch and Mission UDAY 2027 Class 11 Commerce batch. Check the current batch details to confirm the available classes, revision resources, tests and other features.

For Class 11 Accounts Exam Preparation 2026, do not only read solved answers. Attempt each question yourself, compare your working with the solution and identify the exact step where the mistake occurred. This approach makes revision more focused and helps you use your remaining preparation time effectively.

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