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Bank Reconciliation Statement Bills of Exchange Depreciation, Provisions and Reserves Financial Accounting And Economics Financial Statements – I Financial Statements – II Introduction to Accounting Recording of Transactions – I Recording of Transactions – II Theory Base of Accounting Trial Balance and Rectification of Errors Unit 1-Financial Accounting(Part A)Theoretical Framework

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CBSE - Class 11 > Accountancy Worksheets

Free CBSE - Class 11 Accountancy worksheets

Sample Worksheets

Here is a Sample Worksheet for you to Practice. Download this worksheet to see the answers.

1.
When information about two different enterprises have been prepared presented in a similar manner the information exhibits the characteristic of:
1. Verifiability 2. Relevance 3. Reliability 4. None of the above
2.
A concept that a business enterprise will not be sold or liquidated in the near future is known as :
1. Going concern 2. Economic entity 3. Monetary unit 4. None of the above
3.
The primary qualities that make accounting information useful for decision-making are :
1. Relevance and freedom from bias 2. Reliability and comparability 3. Comparability and consistency 4. None of the above
4.
Fill in the correct word: Recognition of expenses in the same period as associated revenues is called _______________concept.
5.
Fill in the correct word: The accounting concept that refers to the tendency of accountants to resolve uncertainty and doubt in favour of understating assets and revenues and overstating liabilities and expenses is known as _______________.
6.
Fill in the correct word: Revenue is generally recongnised at the point of sale denotes the concept of _______________.
7.
Fill in the correct word: The _______________concept requires that the same accounting method should be used from one accounting period to the next.
8.
Fill in the correct word: The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
9.
A customer has filed a suit against a trader who has supplied poor quality goods to him. It is known that the court judgment will be in favour of the customer and the trader will be required to pay the damages. However, the amount of legal damages is not known with certainity. The accounting year has already been ended and the books are now finalised to ascertain true profit or loss. The accountant of the trader has advised him not to consider the expected loss on account of payment of legal damages because the amount is not certain and the final judgment of the court is not yet out. Do you think the accountant is right in his approach.
10.
‘The accounting concepts and accounting standards are generally referred to as the essence of financial accounting’. Comment.
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Chapters in CBSE - Class 11 Accountancy

Bank Reconciliation Statement Worksheet Bills of Exchange Worksheet Depreciation, Provisions and Reserves Worksheet Financial Statements – I Worksheet Financial Statements – II Worksheet Introduction to Accounting Worksheet Recording of Transactions – I Worksheet Recording of Transactions – II Worksheet Theory Base of Accounting Worksheet Trial Balance and Rectification of Errors Worksheet Unit 1-Financial Accounting(Part A)Theoretical Framework Worksheet

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Bank Reconciliation Statement Bills of Exchange Depreciation, Provisions and Reserves Financial Accounting And Economics Financial Statements – I Financial Statements – II Introduction to Accounting Recording of Transactions – I Recording of Transactions – II Theory Base of Accounting Trial Balance and Rectification of Errors Unit 1-Financial Accounting(Part A)Theoretical Framework

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