Question

ROYAL
Global School
MID TERM EXAMINATION
SUBJECT: ACCOUNTANCY
CLASS: XI
ACADEMIC YEAR: 2020 - 21
Time allowed: 1 Hour 15 Minutes
Maximum marks - 30
General Instructions:
(i) All questions are compulsory.
(ii) Marks are indicated against each question.
(iii) Give calculations or working notes where ever required.
1. Prepare an Accounting Equation from the following:
a. Started business with cash 2,00,000, Stock worth 50,000 and Furniture 25,000
b. Purchased goods on credit worth 50,000.
c. Sold three-fifth of the total goods at a profit of 20% on credit.
d. Received cash 30,000 for the above sale and took over half of the remaining goods for
personal purpose
4

Answer 1

Answer:

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