CBSE Class 11 Accountancy Trial Balance Worksheet
CBSE Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors Fill In The Blanks Question. Machinery Rs. 40,000; Creditors Rs. 30,000. Cash Rs.36,000; Bank Rs. 10,000; Debtors Rs.45,000; Bills Payable Rs. 5,000; Stock Rs. 44,000; Suspense A/c…
CBSE Class 11 Accountancy Subsidiary books Worksheet
Special Purpose Books 1. Cash Book Cash book is a special journal which is used for recording all cash receipts and cash payments. Cash book is a book of prime entry/original entry in which all cash and bank transactions are recorded in a chronological order. It has two sides…
CBSE Class 11 Accountancy Source Documents Worksheet Set B
SOURCE DOCUMENTS I MULTIPLE CHOICE QUESTIONS 1. Cash memo is prepared when goods are sold (a) On credit(b) On cash(c) Both (a) and (b)(d) None of these 2. Invoice is a source voucher for seller of goods (a) For cash sales(b) For credit purchases(c) For credit sales(d) For cash…
CBSE Class 11 Accountancy Source Documents Worksheet Set A
1. Source Documents It is a written document which contains details of the transactions prepared at the time, it is entered into. It is also referred to as supporting document. It is of prime importance, as in the books of accounts, transactions are recorded on the basis of an…
CBSE Class 11 Accountancy Bill of Exchange Worksheet
CBSE Class 11 Accountancy Chapter 8 Bill of Exchange Fill In The Blanks Question. Mr. X sold goods to Mr. Y @10% trade discount on Jan 1, 2019 and accepted a bill of Rs. 9,000 for 2 months on Feb 1, 2017. Y returns goods of Rs. 3000 and requested to draw a new…
CBSE Class 11 Accountancy Revision Worksheet Set E Solved
→ VALUE POINTS 1. Goodwill is a _______ (a) Fictitious assets(b) Tangible assets(c) Intangible assets(d) Expense Ans: (b) Tangible assets2. State and explain any three merits of Single entry system. Ans:(a) Simple method(b) Less Expensive(c) Suitable for Small Business3.…
CBSE Class 11 Accountancy Revision Worksheet Set D Solved
→ VALUE POINTS 1. Financial statement consist of : (a) Trial Balance(b) Trading and Profit and Loss account(c ) Balance Sheet(d) Both (b)…
CBSE Class 11 Accountancy Revision Worksheet Set C Solved
1. What is the meaning of ‘dishonour of a bill’? 2. Explain the following: (i) Compensating Error (ii) Errors of Omission (iii) Errors of Principle 3. The Trial Balance was out by Rs 14,930 being excess credit. The difference has been posted to the Suspense Account: (i) Goods…
CBSE Class 11 Accountancy Revision Worksheet Set B Solved
1. What is the meaning of ‘endorsement of a bill’? 2. Explain any three types of Errors of Commission. 3. On 15th January, 2017 Gaurav sold goods for Rs 50,000 to Mishra and drew upon latter a bill for the same amount payable after 3 months. The bill was accepted by Mishra.…
CBSE Class 11 Accountancy Revision Worksheet Set A Solved
1. What is the meaning of ‘discounting of a bill’. 2. Explain the following. (i) Errors of Omission (ii) Errors of Commission (iii)Errors of Principle 3. The Trial Balance was out by Rs14,930 being excess credit. The difference has been posted to the Suspense Account: (i)…
CBSE Class 11 Accountancy Rectification of Errors Worksheet
CBSE Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors Fill In The Blanks Question. Cash sale Rs 16000 were posted to sales account as Rs. 6000. In rectification entry sale account will credit by Rs……………. Answer. 10000 Question.…
CBSE Class 11 Accountancy Journal and Ledger Worksheet Set B
CBSE Class 11 Accountancy Source Documents MCQs Question. Used cement and bricks for office building will be credited to _______. a) Bricks and cement account. b) Building account. c) Cash account. d) Purchases account. Answer. D Question. The debit balance of a…
CBSE Class 11 Accountancy Journal And Ledger Worksheet Set A
CBSE Class 11 Accountancy Source Documents MCQs Question. Journal is a part of ____________. a) Recording b) Classifying c) Summarising d) Analysing Answer. A Question. Sales return account is ____________. a) Credited b) Debited c) Sometimes credited and sometimes debited d…
CBSE Class 11 Accountancy Introduction to Accounting Worksheet Set D
ACCOUNTING EQUATION I MULTIPLE CHOICE QUESTIONS 1. The correct accounting equation is (a) Assets = Liabilities + Capital (b) Assets = Liabilities – Capital (c) Liabilities = Assets + Capital (d) Capital = Assets + Liabilities 2. Owner’s capital in beginning was ₹.45, 000.…
CBSE Class 11 Accountancy Introduction to Accounting Worksheet Set C
INTRODUCTION TO ACCOUNTING I Multiple Choice Questions 1. Book keeping and Accounting (a) Means same and are used interchangeably (b) Does not mean same and are not used interchangeably (c) Means both (a) and (b) (d) None of the above 2. Which of the following will not be…