Class 11 Accountancy Half-Yearly Exams: Most Important Questions

The Class 11 Accounts half-yearly exam serves as a crucial benchmark for students transitioning into higher secondary commerce. It evaluates foundational clarity and highlights areas requiring extra attention prior to the final examinations.

Rather than relying purely on theoretical memorisation, students must practice core accounting equations, understand journalizing rules, and master various subsidiary book formats. Reviewing Class 11 Accountancy important questions offers a structured way to build confidence and boost exam performance.

Class 11 Accountancy Important Topics

Before diving into problem-solving, it is essential to map out the chapters that demand solid practice. Key focus areas include Basic Accounting Terms, Theory Base of Accounting, Accounting Equation, Journal Entries (with GST), Ledger Posting, and Subsidiary Books like Cash Book and Purchase Book.

The table below outlines key subtopics to streamline your Class 11 Accounts half-yearly preparation:

Class 11 Accountancy Half-Yearly Exam Important Questions

Building a strong grasp of both theory and practical accounting principles is key to scoring high. These Class 11 Accountancy important questions for half-yearly revision cover core syllabus areas and reflect Class 11 Accountancy expected questions commonly seen in exams.

Question 1

Find the opening capital of the firm from the following information given at the end of the year:

Total assets Rs. 1,20,000; external liabilities Rs. 40,000. During the year, the proprietor introduced additional capital of Rs. 30,000, withdrew Rs. 10,000 for personal use and earned a profit of Rs. 20,000.

A. Rs. 40,000

B. Rs. 80,000

C. Rs. 50,000

D. Rs. 60,000

Question 2

Pass journal entry for:

Nikku started business with cash of Rs. 80,000. Which accounts are affected and how?

A. Cash A/c Dr. Rs. 80,000 to Capital A/c Rs. 80,000

B. Capital A/c Dr. Rs. 80,000 to Cash A/c Rs. 80,000

C. Cash A/c Dr. Rs. 80,000 to Sales A/c Rs. 80,000

D. Purchases A/c Dr. Rs. 80,000 to Capital A/c Rs. 80,000

Question 3

Sold goods to Gill of list price Rs. 30,000 less 25% trade discount and 2% cash discount. Received a cheque of 50% amount which was deposited in the bank on the same day. What will be the amount debited to Bank A/c?

A. Rs. 11,250

B. Rs. 11,025

C. Rs. 22,500

D. Rs. 11,475

Question 4

Sold goods to Surya for Rs. 10,000 allowing him trade discount 20% and cash discount 5%. He paid 1/4th amount immediately by cash. What is the amount of Cash Discount allowed?

A. Rs. 500

B. Rs. 200

C. Rs. 100

D. Rs. 400

Question 5

A debtor, Hardik is declared insolvent. Received a cheque of 25 paisa in a rupee on a debt of Rs. 800 which was deposited in the bank. What is the amount credited to Hardik's Account?

A. Rs. 200

B. Rs. 600

C. Rs. 800

D. Rs. 250

Question 6

Goods Rs. 60,000 destroyed in fire and only Rs. 45,000 received from Insurance Company. The amount credited to Purchases A/c and debited to Loss by Fire A/c (net loss) respectively will be:

A. Rs. 60,000 and Rs. 15,000

B. Rs. 45,000 and Rs. 15,000

C. Rs. 60,000 and Rs. 45,000

D. Rs. 15,000 and Rs. 60,000

Question 7

Neeraj purchased goods from Hima of the list price of Rs. 1,20,000 at 10% Trade Discount. Returned goods to Hima of the list price of Rs. 10,000. What is the net purchase price recorded in Purchase A/c?

A. Rs. 1,20,000

B. Rs. 1,08,000

C. Rs. 99,000

D. Rs. 1,10,000

Question 8

Disha & Co., Haryana sold goods to Divya & Sons, Haryana of List Price Rs. 50,000 less 10% Trade Discount and 2% Cash Discount as payment is made at the time of sales. Rate of CGST and SGST is 9% each. What is the Total Invoice Value?

A. Rs. 45,000

B. Rs. 44,100

C. Rs. 52,038

D. Rs. 51,930

Question 9

Ashish & Co., Delhi purchased goods from Sakshi & Daughter, Delhi of List Price Rs. 80,000 less Trade Discount 25% and 2% Cash Discount. Ashish & Co. paid half the amount immediately by cheque. Rate of CGST and SGST is 9% each. What is the amount debited to Purchase A/c?

A. Rs. 80,000

B. Rs. 60,000

C. Rs. 59,400

D. Rs. 70,692

Question 10

Under intra-state movement of goods, which types of GST are applied?

A. IGST only

B. CGST and SGST

C. CGST and IGST

D. SGST and IGST

Question 11

In Double Column Cash Book, when entire cash balance is deposited into bank retaining a fixed amount of cash in hand, it results in:

A. Simple entry only

B. Contra entry

C. No entry in Cash Book

D. Adjustment entry only

Question 12

Entry passed for goods withdrawn by proprietor for personal use is:

A. Drawings A/c Dr. To Cash A/c

B. Capital A/c Dr. To Sales A/c

C. Drawings A/c Dr. To Purchases A/c

D. Purchases A/c Dr. To Drawings A/c

Question 13

Purchased from Shyam Furniture House, Delhi: 10 Chairs @ Rs. 2,000 per Chair on credit by a cloth merchant. Where will this transaction be recorded?

A. Purchase Book

B. Cash Book

C. Journal Proper

D. Sales Book

Question 14

Which of the following accounting concepts states that expenses incurred to earn revenue in a period should be recognized in the same period?

A. Going Concern Assumption

B. Accrual Concept

C. Matching Concept

D. Prudence Concept

Question 15

If total assets of a business are Rs. 1,50,000 and capital is Rs. 1,00,000, then external liabilities will be:

A. Rs. 2,50,000

B. Rs. 50,000

C. Rs. 1,00,000

D. Rs. 1,50,000

Also Check: Class 11th Half Yearly Exam Important Questions for Accounts 

Class 11 Accountancy Half-Yearly Exam Important Questions PDF

A dedicated practice question sheet helps systematically work through numerical entries, ledger postings, and accounting equation balances. Reviewing solved illustrations alongside multiple-choice exercises develops speed and accuracy for timed assessments.

Class 11 Accounts Half-Yearly Exam Preparation Plan

Structured study habits eliminate confusion during exam week. Implementing a stage-wise plan keeps Class 11 Accounts exam preparation smooth and well-managed.

Last-Minute Revision Tips for Class 11 Accountancy

Use these last-minute revision tips to strengthen your accounting fundamentals, revise important entries and formats, and improve accuracy in your Class 11 Accountancy exam. 

• Review accounting rules under both Traditional (Golden Rules) and Modern Approaches.

• Memorise basic accounting equation formulas ($Assets = Liabilities + Capital$) and their variations.

• Pay close attention to Trade Discount vs. Cash Discount treatments in journal entries.

• Remember that Trade Discounts are never recorded separately in the books of accounts.

• Practice contra entries in two-column cash books (cash deposited or withdrawn from bank).

• Revisit special journal entries: Depreciation, Bad Debts, Interest on Capital, and Goods given as Charity.

• Maintain clean formats for Ledger, Cash Book, and Subsidiary Books with proper headings and L.F. columns.

By revising these important questions, accounting concepts, journal entries, GST rules, and practical formats, students can strengthen their Class 11 Accountancy preparation. Consistent practice, careful calculations, and clear presentation can help improve accuracy and confidence in the half-yearly exam.