CBSE Class 11 Accountancy Introduction to Accounting Worksheet Set 05

Download Class 11 Accountancy Worksheets for Chapter 01 Introduction to Accounting

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Practice Worksheet
CBSE Class 11th Accountancy
Topic: Introduction of Accounting

 
 
Very Short Question:-

Q1) What do you mean by Current Liabilities?
Ans: Those liabilities which are paid within a year are known as Current liabilities.
 
Q2) What are Current Assets? 
Ans: Current Assets are those assets which can be converted into cash within 1 year are known as current assets.
 
Q3) When does Cash discount Allowed? 
Ans: Cash discount is allowed at the time of early payment.
 
Q4) What is called Profit in a business? 
Ans: When income is excess over expenses in a particular year are known as Profit.
 
Q5) What is Loss?
Ans: When expenses are in excess over income in an accounting year is known as loss.


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Exam Preparation Worksheet for Class 11 Accountancy Chapter 01 Introduction to Accounting

Download Practice Sheet: Chapter 01 Introduction to Accounting (Class 11 Accountancy)

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Concept Clarification for Chapter 01 Introduction to Accounting

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Are these Accountancy Class 11 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 11 Accountancy Introduction to Accounting Worksheet Set 05 includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 11.

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Daily practice with these Accountancy worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 11 students get more marks in CBSE exams.

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