CBSE Class 11 Accountancy Revision Assignment Set G

Read and download free pdf of CBSE Class 11 Accountancy Revision Assignment Set G. Get printable school Assignments for Class 11 Accountancy. Standard 11 students should practise questions and answers given here for Accountancy in Grade 11 which will help them to strengthen their understanding of all important topics. Students should also download free pdf of Printable Worksheets for Class 11 Accountancy prepared as per the latest books and syllabus issued by NCERT, CBSE, KVS and do problems daily to score better marks in tests and examinations

1. Explain the following terms

a. Assets      b. Capital      c. Drawings    d. Debtors

2. Define the following terms

a. Creditors    b. Revenue   c. Fixed assets   d. Voucher

3. Who are the accounting users? What purpose does it serve to various interest groups ?

4. What are account standards ?

5. Explain the accounting concepts

a. Cost concept

b. Revenue Recognisition concept

c. Money measurement concept

d. Consistency concept

6. Prepare accounting equation from the following :

a. Hameed stated business with cash Rs.20000

b. Purchased machinery for credit  Rs/40000

c. Paid to creditors in full settlement Rs/35000

d. Purchased goods for Cash Rs/20000

e. Sold goods for cash (costing Rs/8000) Rs/10000

7. Differentiate Trade discount and Cash discount.

8. Pass journal entries and post item into ledger accounts
a. Opened a bank account with SBI Rs 50000
b. Purchased goods from Manish for cash Rs 12000
c. Rent due to land lord Rs 5000
d. Withdrew from bank for private us Rs 10000
e. Goods withdrawn for personal use Rs 8000
9. Prepare a Sales book from the following details for M/s. Sukam & Co.

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