CBSE Class 11 Accountancy Bill of Exchange Assignment

CBSE Class 11 Accountancy Chapter 8 Bill of Exchange Fill In The Blanks Question. In case the bill gets dishonoured………..a/c is debited. Answer. Debtors Question. If maturity date of bill is national holiday then due date will be …… Answer. Previous…

CBSE Class 11 Accountancy Financial Statements Assignment

CBSE Class 11 Accountancy Chapter 9 Financial Statements Fill In The Blanks Question. Gross profit is Rs. 9,00,000 , Advertisement is Rs. 15,000. Salary Rs. 2,00,000, office expenses Rs. 40,000, Interest on long term loan Rs 25,000 , the amount of operating profit is Rs…

CBSE Class 11 Accountancy Accounts from Incomplete Records Assignment

CBSE Class 11 Accountancy Chapter 11 Incomplete Records Fill In The Blanks  Question. Rupesh started business with cash rs.10,000,on 1st july he borrowed rs,5000 from his friend, additional capital introduced by him rs.6000 during the year and he earn profit of…

CBSE Class 11 Accountancy Revision Assignment Set F

1. Enumerate the accounting functions or processes? 2. Define accounting? 3. Advantages of accounting? 4. Limitations of accounting? 5. Qualitative characteristics of accounting? 6. Basis of accounting? 7. What are the systems of accounting? 8. Explain the meaning of…

CBSE Class 11 Accountancy Revision Assignment Set E

Q1. Define Accountancy. Q2. Explain why the investors are interested in financial information. Q3. Is Book Keeping a part of Accounting? Explain. Q4. Explain any two objectives of Accounting Q5. Identify and explain the accounting concept involved in the following-: a)…

CBSE Class 11 Accountancy Revision Assignment Set D

Q1 What do you mean by source document?  Q2 Give two examples of current assets ?  Q3 What is the formula of Accounting Equation  Q4 State two kinds of transactions that Increase and Decrease Capital.  Q5 Define posting.  Q6 Cash paid to creditor Rs. 1,000 in full sattlement…

CBSE Class 11 Accountancy Revision Assignment Set C

Q1. Prepare Accounting Equation from the following – 1. Sandeep started business with cash Rs.1,00,000, goods Rs.20,000 and furniture Rs.50,000. 2. Purchased goods from Ram Rs.20,000 and for cash Rs.5,000. 3. Goods costing Rs.30,000 sold at a profit of 20% , half of the…

CBSE Class 11 Accountancy Revision Assignment Set B

1. A bill for Rs. 1,000 is drawn by A on B and accepted by the latter payable at the New Bank of India. Show what entries should be passed in the books of A under each of the following circumstances: a. If A retained the bill till the due date and then realised it on maturity…

CBSE Class 11 Accountancy Revision Assignment Set A

1. What do mean by error of principle? 2. Rectify the following errors? a) Purchases of goods of Rs.50,000 from Ford recorded as sales return. b) Sales of goods of Rs.1,50,000 to Rabindra recorded as purchases in the book. c) Paid cash to Sohan Rs. 65,000 recorded in the…

CBSE Class 11 Accountancy Journal Trial Balance Accounting Equation Assignment

CBSE Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors Fill In The Blanks Question. Returns Outwards A/c generally has a – – – – balance. Answer. Credit Question. Cash A/c always has a – – – – balance. Answer. Debit Question.…

CBSE Class 11 Accountancy Journal Entries Assignment

Pass journal entries for the followings 1. Raghu started business with cash Rs.80,000, goods Rs.40,000 and furniture Rs.20,000. 2. Sold goods to Shyam of the list price Rs.20,000 at trade discount of 10%. 3. Paid rent Rs.800, Trade expenses Rs.400and Travelling expenses Rs.…

CBSE Class 11 Accountancy Introduction To Accounting Assignment Set B

  Important Questions for NCERT Class 11 Accountancy Introduction to Accounting   Question Accounting   (a) includes Book Keeping. (b) does not include Book Keeping. (c) may or may not include Book Keeping. (d) None of these. Answer : A Question Which of…

CBSE Class 11 Accountancy Introduction To Accounting Assignment Set A

Very Short Answer Type Questions: Q1. “Accounting records transactions and events that can be measured in money terms”. Is this in your opinion, a limitation of accounting or an advantage? Support your views with reasons. Q2. Resignation by a Marketing Manager is not recorded…

CBSE Class 11 Accountancy Depreciation Assignment

 Important Questions for NCERT Class 11 Accountancy Depreciation  Question : A machine is purchased on 1st April, 2018 for Rs. 80,000. Expenses incurred on its installation is Rs. 20,000. The residual value at the end of its expected useful life of 4 years is…

CBSE Class 11 Accountancy Cash Book Assignment

CBSE Class 11 Accountancy Chapter 4 Cash Book MCQs Question. When a firm maintains cash book it need not to maintain: a. Journal proper b. Purchases book c. Sales book d. Cash &Bank A/c in ledger Answer. D Question. A person who is responsible for…