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Case Study Questions Class 11 Accountancy With Answers
Students should practice Case Study Questions for Class 11 Accountancy with Answers before appearing in Class 11 Accountancy Board exams. We have provided below the class 11 Accountancy Case Study questions based on each chapter in your NCERT Book for Class 11 Accountancy. These chapter-wise questions have been prepared by teachers based on the latest examination pattern and syllabus issued by CBSE, NCERT KVS. The following Case Study questions and answers will be really useful to understand the type of questions that can be asked in exams
Class 11 Accountancy Case Study Questions and Answers
Practicing by going through the past year and Case Study questions for CBSE Class 11 Accountancy is very important to prepare for the Grade 11 Accountancy exams. We have provided below the best collection of questions which can come in your exams.
Chapter Wise Important Questions for Class 11 Accountancy with Answers
Class 11 Accountancy Part 1 Chapter 1 Introduction to Accounting Chapter 2 Theory Base of Accounting Chapter 3 Recording of Transactions – I Chapter 4 Recording of Transactions – II Chapter 5 Bank Reconciliation Statement Chapter 6 Trial Balance and Rectification of Errors Chapter 7 Depreciation, Provisions and Reserves Chapter 8 Bill of Exchange
Class 11 Accountancy Part 2 Chapter 9 Financial Statements – I Chapter 10 Financial Statements – II Chapter 11 Accounts from Incomplete Records Chapter 12 Applications of Computers in Accounting Chapter 13 Computerised Accounting System
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Class 11 Accountancy Case Studies Questions
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CBSE introduced case-based questions in class 11 accountancy question papers last year to enhance and develop analytical and reasoning skills among students. Class 11 Accountancy Case Studies Questions are given in CBSE model question papers too. Last year sample case-based questions were released by the CBSE and immediately an air of confusion was created among all. This concept was uncharted territory for both students and teachers.
A hypothetical text was provided on the basis of which the student was required to solve the given case-based question asked by CBSE in the accountancy class 11 exam. Initially, the case-based questions appeared to be tedious for both the students and the teachers as they were unprepared to deal with the new pattern of questions but now a lot more clarity is there that has made the question paper quite student-friendly.
Case Study Questions in class 11 (Accountancy)
Case-based questions in Accountancy are considered to be quite challenging by the class 11 students. The questions need to be well prepared and adequately practiced before attempting the class 11 accountancy exam. The accountancy class 11 syllabus is a well-integrated program that facilitates the students to comprehend and learn the basic accounting theories/principles. The subject is the base of major accounting fundamentals that are studied in depth at an advanced level in class 12. For students appearing for grade 11 exams from the Commerce stream, Accountancy is a prime subject. Accountancy is considered to be the most difficult of all other core subjects in the class 11 commerce stream.
The subject is consuming and the case studies are termed to be troublesome for they do require conceptual clarity. To ace this CBSE exam, students need to put in the extra effort. Among all the core subjects of the Commerce stream i.e accountancy, economics and business studies, it’s accountancy that renders a tough time for the students because of its complex theories and principles. It is an arduous task to score well in the 11-grade accountancy examination without adequate practice and knowledge. Many students who opt for the commerce stream after their 10-grade exams target chartered accountancy as a career option, so the subject is of paramount importance for them.
Accountancy syllabus of class 11 CBSE
The entire Accountancy course is divided into 2 parts:
- Part A, Financial Accounting _ I
- Part B, Financial Accounting _ II
Most of the case study questions are centered around the exercises of NCERT textbooks. It is recommended to read the textbooks religiously. There are 2 prescribed textbooks for class 11 Accountancy that have been published by NCERT. But Accountancy has an extensive curriculum and students need to go through other reference books too. Adhering only to NCERT textbooks will not be adequate to achieve proficiency in this subject.
CBSE Class – 11
Accountancy (Code No. 055) Syllabus
Unit-1: Theoretical Framework | 25 | 12 | |
Unit-2: Accounting Process | 115 | 44 | |
Unit-3: Financial Statements of Sole Proprietorship | 60 | 24 | |
20 | 20 |
Case Study Passage (Accountancy class 11)
In these questions, the students would go through a paragraph with a hypothetical situation, based on which critical reasoning type questions will have to be answered by them. It is important for the students to inspect the passage carefully before trying to attempt the questions. In the coming examination cycle (2022-23), case-based questions will carry a weightage of around 15 to 20%. These questions can be centered on any chapter from the NCERT textbook for accountancy, class 11. Students need to brace well for the case-based questions prior to appearing for their accountancy examination as these questions require a thorough understanding of the key concepts in their syllabus. CBSE aims to increase the weightage of such questions in the years to come.
Kind of case-based Questions in Accountancy
Accountancy is a subject that deals with trade and commerce. The subject records allocate and outline the transactions of a business. The subject is for sure demanding thus requiring a greater effort from the students in order to strive for a perfect score. It is believed to be demanding but at the same time, it is scoring.
The case-based questions asked in the CBSE accountancy question paper for class 11 are of two types:
- Objective- Such questions are asked in the MCQ format
- Subjective- The questions would be answered briefly only but these questions are the ones that would require detailed analysis and application of some fundamental accountancy theories.
How To Prepare For Case-based Questions in Accountancy Grade 11
Students need to prepare well for the case-based questions before appearing for their class 11 Accountancy exams. Here are some tips which will help the student to solve the case-based questions at ease:
- Go through the provided text carefully
- Analyze the situation provided as part of the question asked
- Focus on following correct formats in your responses, accountancy is one subject where apart from the concepts students need to be careful about the formats.
- Brush up well on the theory portion of accountancy, this is the key to scoring a perfect score.
- Practice rigorously
- Provide to-the-point responses
Students need to solidify their concepts in order to ace the accountancy class 11 exam. Case studies can be easily solved if your key fundamentals are crystal clear. These simple points if kept in mind will definitely help the students to fetch good marks in case study questions in class 11 Accountancy .
Case study question examples in accountancy
Here are some given case study questions for CBSE class 11 Accountancy. If you wish to get more case study questions and other study material, download the myCBSEguide app now. You can also access it through our student dashboard.
Accountancy Case Study 1
Read the hypothetical text given and answer the following questions:
Sachin and Dravid are partners in firm sharing profits and losses in the ratio of 3:2. Their balance sheet is given below:
Balance Sheet as on 31.03.2017
On 01.04.2017, they admit Ashwin as a new partner into partnership on the following terms a) He brings in 40,000 as capital and 18,000 towards goodwill for 1/4th share in future profits b) Depreciate furniture by 10% and buildings are revalued at 45,000
- c) PDD is increased to 3,500
- d) Prepaid insurance * 2,000.
Prepare: i) Revaluation Account
. ii) Partners’ Capital Accounts
iii) New Balance
Accountancy Case Study 2
Ram and Shyam are two friends who both have just attended their first class of accountancy. The friends were intrigued by the different branches of accounting and their widespread application. Ram personally liked the branch of accounting in which fund flow statement and budgetary control is used and that branch helps in planning and controlling of operations. As the concept of accounting was further explored, they began discussing the different users of accounting. Ram said that he finds it interesting that even the employees demand information relating to business. Shyam said he finds more interesting the fact that even competitors want information on the relative strengths and weaknesses of the enterprise and for making comparisons, Shyam further said that even accounting helps owners to compare one year’s costs, expenses, and sales with those of other years. However, they were quite shocked by the fact that the management-worker relations were not taken into consideration in the accounting. Meanwhile, Ram and Shyam had an argument at the end of the discussion. Ram was saying that accounting is an art whereas Shyam was saying that accounting is a science. Their teacher came in and said something to them which made them stop the argument.
Q1. What might their teacher have said to solve their argument?
- Ram, please understand, Shetty is correct in this situation
(b) Shyam, please understand, Ram is correct In this situation.
(c) Both are correct
(d) None is correct
Q2. Shyam talked about which type of users of accounting?
(a) Internal users
(b) External users
(c) Both (a) and (b)
(d) None of these.
Q3. Which limitation of accounting is being talked about by them?
(a) Influenced by personal judgment
(b) Omission of qualitative information.
(c) Incomplete information
(d) Based on historical costs
Q4. Which advantage of accounting is being talked about by Shyam in the last part of the first para?
(a) Provides information regarding profit and loss
(b) Provides completes and systematic record
(c) Enables comparative study
(d) Evidence in legal matters
Q5. Which branch of accounting is liked by Ram?
(a) Financial accounting
(b) Cost accounting
(c) Management accounting
(d) Tax accounting
Accountancy Case Study 3
Read the following case study and answer questions
Sam and Jay started with Cash 10,000 and Machinery 1,00,000. They decided to set up a production line for PPE kits for. the protection from Covid 19 virus. As their demand rose, they decided to buy one more piece of machinery. For the same, they took bank overdraft and purchased the machinery. The quality of the company’s product was extremely high and therefore, it could develop a reputation for itself in the market and business was flourishing. After 1.5 years, their old machinery turned obsolete so they decided to sell the same. They sold it and got some cash proceeds. To further increase the brand presence among the concerned stakeholders, they decided to run advertisements from the cash proceeds of machinery sold. As more and more customers demanded their product, they decided to launch a discount for bulk purchases. The discount was not to be recorded in the books of accounts. This campaign was successful and they earned a lot of profits from the same.
Q1. Which type of discount is being discussed in the last part of the passage?
(a) Trade discount
(b) Cash discount
(d) Can’t be determine
Q2. Which asset is discussed in the line, “The quality of the company’s product was very high and therefore, it could develop a reputation for itself in the market and business was flourishing”?
(a) Tangible
(b) Intangible
(c) Current.
(d) Both (a) and (c)
Q3. Which type of liability is discussed in the passage?
(a) Non-current
(b) Current
(d) Can’t be determined
Q4. What was the capital initially invested?
(b) 1,00,000
(c) 1,10,000
Q5. The passage involves capital receipts (apart from initial capital invested).
Advantages of case study questions in Accountancy
The entire class 11 Accountancy syllabus is divided into 2 textbooks that are prescribed by NCERT. The examiner can ask case study questions from any chapter or concept. Students are expected to prepare themselves thoroughly. They ought to practice class 11 Accountancy case-based questions from the various options available to them, so as to ace the subject.
- Uplift the analytical skills of students
- Provide a well-rounded understanding of the concepts
- Enhance intellectual capabilities in students
- Help students to retain knowledge in their long-term memory
- The questions would help to discard the concept of rote learning
- Case studies encourage practical learning.
“Procrastination is the thief of time”
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Grade 11 Accounting September Term 3 Past Papers and Memos
Grade 11 Accounting September Term 3 Past Papers and Memos:
2023 Grade 11 Accounting September Term 3 Past Papers and Memos
Explore the latest Grade 11 Accounting September Term 3 Past Papers and Memos for 2023. These resources are ideal for exam preparation and understanding the current trends in question formats.
- Download EC Accounting Grade 11 September 2023 QP and Memo
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2022 Grade 11 Accounting September Term 3 Past Papers and Memos
Access the 2022 Grade 11 Accounting September Term 3 Past Papers and Memos . A valuable resource for revising and practicing problem-solving techniques.
- Download Accounting Grade 11 SEPT 2022 QP and Memo
2019 Grade 11 Accounting September Term 3 Past Papers and Memos
Prepare thoroughly with the 2019 Grade 11 Accounting September Term 3 Past Papers and Memos . These documents are crucial for understanding key concepts and exam expectations.
- Download Acc-Sept-2019-Gr11-QP-and-Memo
2016 Grade 11 Accounting September Term 3 Past Papers and Memos
Explore the 2016 Grade 11 Accounting September Term 3 Past Papers and Memos to help you prepare for exams and understand key concepts in Accounting.
- Download 2016 ACC SEPT QPMEMO
- Download 2016 ACC PROV. SEPT QPMEMO
2015 Grade 11 Accounting September Term 3 Past Papers and Memos
For more comprehensive practice, explore additional past papers and memos for Accounting from 2015.
- Download 2015 SEPT ACC QP MEMO
Additional Resources for Grade 11 Accounting
For a broad range of practice questions and answers, these additional papers and memos cover various topics and difficulty levels.
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Exam Papers and Study Notes for grade 10 ,11 and 12
Accounting(Grade 11)
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KZN March QP and Memo
LP March QP and Memo
LP June P1 and Memo
GP Project Term 2
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KZN June P1 and Memo
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FS Project T3 and Memo
Ekurhuleni N SEPT QP & Memo
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Project T3 and Memo
Exemplar NOV P1 and Memo
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April QP and Memo
Local April QP and Memo
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Gauteng Sept QP + Memo
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Sept QP and Memo
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Accounting Grade 11 SBA Tasks and Memos
This page contains the latest Accounting Grade 11 SBA Tasks and Memos. Content on this page will help you in your exams, tests, sba, assignments, and research tasks. Accounting focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. It deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports for use by interested parties.
The subject encompasses accounting knowledge, skills and values that focus on the financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.
Accounting Grade 11 is completed in 4 terms in a year: Term 1, Term 2, Term 3, and Term 4. It is done in all South African Provinces such as: Gauteng, Free State, Limpopo, North West, Mpumalanga, Western Cape, Northern Cape, Eastern Cape, and Kwazulu Natal. Accounting Grade 11 is done in English and Afrikaans languages, and consist of Paper 1 and Paper 2 Exams
Topics in the Accounting CAPS curriculum.
The following are the topics covered in Accounting Grade 11 which will guide you before exploring SBA Tasks and Memos.
- Accounting concepts
- GAAP principles
- Bookkeeping
- Accounting equation
- Final accounts and financial statements
- Salaries and wages
- Value-Added Tax
- Reconciliations
- Cost accounting
- Indigenous bookkeeping systems
- Fixed assets
- Internal control
List of Accounting Grade 11 SBA Tasks and Memos
PRESCRIBED ASSESSMENT CRITERIA AS PER CAPS INCLUDING PRACTICAL COMPONENTS / PATS
Task 1: Written report: 50 marks Weighting = 10 Task 2: Controlled test 1: 100 marks Weighting = 20
Task 3: Project: 50 marks Weighting = 20 Task 4: Mid-year exams: 200 marks Paper 1: 150 marks Paper 2: 150 marks Total: 300 marks Weighting = 20
Task 5: Case Study: 50 marks Weighting = 10 Task 6: Control Test 2: 100 marks Weighting = 20
Task 7: Year-end exam Paper 1: 150 marks Paper 2: 150 marks TOTAL: 300 marks
REVISED ASSESSMENT CRITERIA FOR 2020
Task 1: Written report: 50 marks Suggested weighting = 10 Task 2: Controlled test 1: 100 marks Suggested weighting = 20
Task 3: Assignment (100) Suggested weighting = 20 Task 4: NO Mid-year exams (-1
Task 5: Case Study: 100 marks Suggested weighting = 10 Task 6: NO Controlled test 2 (-1)
Task 7: Year-end Exam Paper 1: 150 marks Paper 2: 150 marks TOTAL: 300 marks
2021 Annual Teaching Plan: Accounting Grade 11
What is the purpose for accounting grade 11.
The reasons for learning Accounting Grade 11 in South Africa are the following:
- record, analyse and interpret financial and other relevant data in order to make informed decisions;
- present and/or communicate financial information effectively by using generally accepted accounting practice in line with current developments and legislation;
- develop and demonstrate an understanding of fundamental accounting concepts;
- relate skills, knowledge and values to real-world situations in order to ensure the balance between theory and practice, to enter the world of work and/or to move to higher education, and to encourage self-development;
- organise and manage own finances and activities responsibly and effectively;
- apply principles to solve problems in a judicious and systematic manner in familiar and unfamiliar situations, thus developing the ability to identify and solve problems in the context of the various fields of Accounting;
- develop critical, logical, and analytical abilities and thought processes to enable learners to apply skills to current and new situations;
- develop the following characteristics: – ethical behaviour – sound judgement – thoroughness – orderliness – accuracy – neatness;
- deal confidently with the demands of an accounting occupation manually and/or electronically.
Browse Accounting Courses to study after Matric in South Africa
Do you know that there are plenty of accounting Courses that you can study after you matric grade 12 in South Africa?
Accounting Grade 11 Assignments and memos
Importance of school-based assessment (sba) in south africa, related posts.
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accounting grade 11 school based assesment term case study question paper question topic marks suggested allocated time one periodic inventory 20 20 minutes ... FAC1502 Study unit 9 2021, unit 10, unit 11, unit 12, unit 13 2021. Business Literacy Assesment 1; Preview text. ACCOUNTING GRADE 11 SCHOOL BASED ASSESMENT TERM 3 CASE STUDY QUESTION ...
Chapter Wise Important Questions for Class 11 Accountancy with Answers. Class 11 Accountancy Part 1. Chapter 1 Introduction to Accounting. Chapter 2 Theory Base of Accounting. Chapter 3 Recording of Transactions - I. Chapter 4 Recording of Transactions - II. Chapter 5 Bank Reconciliation Statement. Chapter 6 Trial Balance and Rectification ...
Gr11 Case Study Term 3 2023 AB - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Accounting grade 11 term 3 case study 2023 gauteng
GRADE 11 Case Study Term 3 2020 ACCOUNTING MARKING GUIDELINE (MEMORANDUM) MARKS: 100 GENERAL PRINCIPLES: 1 Where calculations are required, award full marks for the final answer. If the answer is incorrect, mark the workings provided. If the working amount is shown as a final answer, award the relevant marks allocated for workings (Income ...
For students appearing for grade 11 exams from the Commerce stream, Accountancy is a prime subject. Accountancy is considered to be the most difficult of all other core subjects in the class 11 commerce stream. ... Part B, Financial Accounting _ II; Most of the case study questions are centered around the exercises of NCERT textbooks. It is ...
2019 Grade 11 Accounting September Term 3 Past Papers and Memos. Prepare thoroughly with the 2019 Grade 11 Accounting September Term 3 Past Papers and Memos. These documents are crucial for understanding key concepts and exam expectations. Download Acc-Sept-2019-Gr11-QP-and-Memo.
ACCOUNTING GRADE 11 SCHOOL BASED ASSESSMENT TERM 3 CASE STUDY 2021 NOTE: The case study should be administered in class under the supervision of the educator. Learners should not refer to the notes during the administration process. This question paper consists of 7 pages QUESTION TOPIC MARKS TIME ALLOCATED 1 Budgets 52 47 minutes
Grade 11 Accounting Task 5 - Case Study August 2022 1.3 The current inflation rate is 6%. Salary and wage increases were also 6%. Malusi is concerned about the control over certain costs. Refer to Information (c) below for a comparison of this year's costs with the costs of last year. Direct materials cost:
The solutions to the Gr 11 Term 3 and 4 revision material are to be used after the activities are completed to verify the accurateness of your work. Gr. 11 Accounting Term 3 & 4 Revision Solutions | WCED ePortal
Document Gr11 Case Study Term 3 2023 AB.pdf, Subject Accounting, from College of Business & IT Batkhela, Malakand Agency, Length: 5 pages, Preview: ACCOUNTING GRADE 11 SCHOOL BASED ASSESSMENT TASK 2023 CASE STUDY ANSWER BOOK Name of School: Name of Learner: Question Topic 1 Periodic Inventory 2 Cash Budget TOTAL Total Marks 25 Mark Obtained Moderated Mark 35 60 The answer book consists
SEPT QP and MEMO. NOV QP and MEMO. STUDY NOTES. Exam papers and Study notes for accounting. Grade 11. Download free question papers and memos. Study notes are available as well.
Accounting focuses on measuring financial performance and communicating financial information. Key principals are ethical behaviour, transparency and accountability. Learners will be able to record, analyse, present and interpret financial data to make informed financial decisions. They have to develop a deep understanding of concepts to relate ...
Accounting Grade 11 is completed in 4 terms in a year: Term 1, Term 2, Term 3, and Term 4. It is done in all South African Provinces such as: Gauteng, Free State, Limpopo, North West, Mpumalanga, Western Cape, Northern Cape, Eastern Cape, and Kwazulu Natal. Accounting Grade 11 is done in English and Afrikaans languages, and consist of Paper 1 ...
Cash surplus tot rec. less tot paym. (26 135) 4 760 11 800 Bank: opening balance 112 500 86 365 91 125 Bank: closing balance 86 365 91 125 102 925 50 Gr 11 Case study 2020 Marking guideline 1 1 Calculate the total amount to be debited to the owner's drawings account for December 2020.
Past exam papers for grade 11 Accounting. 2023-2012 past March, June, September, and November exam papers + memos. Available in Afrikaans and English. Download all question papers for free.
GRADE 11 Case Study Term 3 2020 ACCOUNTING MARKING GUIDELINE (MEMORANDUM) MARKS: 100 GENERAL PRINCIPLES: 1 Where calculations are required, award full marks for the final answer. If the answer is incorrect, mark the workings provided. If the working amount is shown as a final answer, award the relevant marks allocated
Case Studies Class 11 Chapter 2 - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Rani acted as a partner of Simplex Solutions by participating in business negotiations and giving the impression that she was a partner, even though she did not contribute capital or take part in management. As a result, she would be liable as a partner by estoppel if Seema does not ...
ACCOUNTING GRADE 11 TERM 3 CASE STUDY MARKING GUIDELINES QUESTIO N TOPIC MARKS One Periodic Inventory 20 Two Cash Budget 40 TOTAL 60 60 ÷ 1 = 50. This marking guidelines consist of 5 pages. QUESTION ONE : PERIODIC INVENTORY. 1 List ONE advantage and disadvantage of the periodic system.
CASE STUDY GRADE 11 ACCOUNTING GRADE 11 - 2021 SEPTEMBER CASE STUDY: MARKING GUIDELINES MARKS QUESTION 1 Budgets 52 QUESTION 2 Analysis and Interpretation of Financial Statements 48 TOTAL MARKS 100 100/2 = 50 These marking guidelines consist of 3 pages. QUESTION 1 Debtors' collection Schedule for July and August 2021 1. 1