Class 11 Accountancy| Mid-Term Practice Paper Solutions 2026-27 (Part 1) | Q1 to Q20 | GNCT

Welcome to the complete solution series for the Class 11 Accountancy Mid-Term Practice Paper (2026-27), based on the official DoT, GNCT of Delhi syllabus. In this Part 1 video, we cover Section A in detail, providing step-by-step solutions for Question 1 to Question 20. If you are a Class 11 commerce student looking for accurate practice paper solutions, important MCQ breakdowns, and clear explanations of core accounting concepts, this video is designed for you. We tackle Multiple Choice Questions, Assertion-Reasoning, Fill-in-the-blanks, and Matching questions, giving you the logic behind every single answer. Pause the video before each answer is revealed to test your own preparation. Watch till the end to master the objective section, and make sure to subscribe so you don't miss Part 2, where we will solve the short and long answer questions (Journal Entries, Cash Book, and BRS). ⏱️ Chapter Timestamps 00:00 – Introduction & Exam Format (80 Marks / 3 Hours) 01:30 – Q1 to Q5: Accounting Information, Current Assets, Trade Discount, Conservatism & GST 08:31 – Q6 to Q10: Source Documents, Dual Aspect, Petty Cash & Business Entity Concepts 16:30 – Q11 to Q16: Going Concern, Vouchers, Account Matching, Subsidiary Books & Accounting Equation 26:56 – Q17 to Q20: Source Documents, Cash Basis, Invoice Value Calculation & Sales Return Book 📚 What You Will Learn in This Video • Fundamental Concepts: Understand the core qualities of accounting information, the classification of current assets (like Debtors), and why trade discounts are never recorded in the books. • Accounting Principles (Assertion-Reasoning): Master key concepts like Conservatism (understating profit), Dual Aspect, Money Measurement, Business Entity, and the Going Concern assumption. • Books of Original Entry: Learn the exact purpose of Source Documents, Vouchers, Petty Cash Books (Imprest System), Purchases Books, and Sales Return Books. • Practical Calculations: Step-by-step calculation of total invoice value involving List Price, Trade Discount, and CGST/SGST, plus how bank transactions affect the Cash Book vs. Pass Book balances. • Accounting Equation: See how taking a loan and instantly repaying a creditor affects total assets, liabilities, and capital. 🎬 Watch the next lesson: Class 11 Accountancy Mid-Term Solutions 2026-27 (Part 2) | Q21 to Q26 👇    • Class 11 Accountancy | Mid-Term Practice P...   📋 Class 11 Commerce Complete Playlist: 👇    • Accounts (Class - 11th)   #Class11Accountancy #MidTermExam2026 #CBSEClass11 #AccountancySamplePaper #CommerceStudents #AccountsMCQ #ExamPreparation #Commercetoppers #Class12Commerce #Class11Commerce #Commerce