CBSE Class 11 Accountancy Revision Assignment Set I

Read and download free pdf of CBSE Class 11 Accountancy Revision Assignment Set I. 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

Revision Class 11 Accountancy Assignment Pdf

Class 11 Accountancy students should refer to the following printable assignment in Pdf for Revision in standard 11. This test paper with questions and answers for Grade 11 Accountancy will be very useful for exams and help you to score good marks

Class 11 Accountancy Assignment for Revision

1. Methods of preparing trial balance?

2. Define depreciation?

3. Explain internal users and external users of accounting information?

4. Explain debit note and credit note?

5. Prepare machinery account:

a. A company purchased machinery for Rs.50,000 on 01-07-1999. Another machinery costing Rs.10,000 was purchased on 01-09-2000. On 31-12-2001 machinery purchased in 1999 was sold at a loss of Rs.5,000. The company charges depreciation @15% on diminishing balance method. Accounts are closed on Dec. 31st each year.

6. The following balances appears in the books of Kanthi & Sons;

01-01-2006 machinery account Rs.40,000

01-01-2006 provision for depreciation Rs.18,000

01-01-2006 they decided to sell a machinery for Rs.4,350. This machine was purchased in January 2002 for Rs.8,000. The firm has been charging depreciation @ 10% p.a. on straight line method. Prepare machinery account and provision for depreciation account on 31-12-2006.

7. Explain the meaning of following terms:

a. Drawings

b. Creditors

c. Debtors

d. Expenses

e. Expenditure

f. Revenues

g. Gains

h. Profits

i. Losses

j. Entity

k. Transaction

l. Goods

m. Purchases

n. Sales

o. Voucher

p. Discount

q. Liabilities

r. Assets

s. Stock

8. Prove that the accounting information tallies after each of the following transactions;

a. Started business with cash ₹ 1,00,000 building ₹ 50,000

b. Depreciation of building ₹ 2,000

c. Purchased goods ₹ 3,000 from Banu

d. Sold goods costing ₹ 1,000 for ₹ 1,500

e. Prepaid insurance ₹ 300

f. Outstanding salary ₹ 1,000

g. Interest on drawings ₹ 500

h. Interest on capital ₹ 200

i. Paid salary ₹ 2,000

9. Enter the following transactions in the cash book with cash & bank columns:

01-12-2010 Cash in hand 50,000 Cash at bank ₹ 25,000

02-12-2010 Paid to Rajan by cheque ₹ 500

03-12-2010 Received a cheque from Raju ₹ 3,000

Please click the below link to access CBSE Class 11 Accountancy Revision Assignment Set I


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