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Bank Reconciliation Statement Bills of Exchange Depreciation, Provisions and Reserves 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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Free CBSE - Class 11 Accountancy worksheets

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1.
 

Amortisation is charged on which type of asset ?

1.

Tangiable Fixed Assets

2.

Intangiable Fixed Asset

3.

Both of them 

4.

None of above

2.

Capital

1.

Liabilities

2.

Assets

3.

Expenses

4.

Income

3.

Cash

1.

Liabilities

2.

Assets

3.

Expenses

4.

Income

4.

Which account will be debited in case Life Insurance premium is paid by proprietor from business cash ?

1.

Drawing A/c

2.

Insurance premium A/c

3.

Capital A/c

4.

Cash A/c

5.

Which concept states that “for every debit, there is a credit”?

1.

Accounting Period Concept

2.

Revenue Recognition Concept

3.

Dual Aspect Concept

4.

Money Measurement Concept

6.

Jay was the debtor and was declared insolvent, he paid only 70 paisa in a rupee. Total bad debts were written off ₹7,200. What amount was received from Jay?

1.

?24,000

2.

?16,800

3.

?15,000

4.

?16,500

7.

A sells goods to B, costing ₹ 1,00,000 at a profit of 10% above cost, less 10% trade discount and a further 5% cash discount if paid within 15 days. Which of the following Journal entry would correctly record the sale in the books of A?

1.

Dr. A and Cr. Sales A/c by ? 99,000

2.

Dr. B and Cr. Sales A/c by ? 99,000

3.

Dr. B and Cr. Sales A/c by ? 90,000

4.

Dr. Cash A/c ?94,050, Discount allowed A/c by ?4,950; Cr. Sales A/c by ? 99,000

8.

Goods of ₹10,000 were sold for cash at 10% trade discount and 2% cash discount. In the journal entry ___________ account will be debited by ₹____________.

1.

Cash; ?9,000

2.

Sales; ?9,000

3.

Cash; ?8,820

4.

Sales; ?8,820

9.

Interest on capital indicates _______ balance in trial balance:

1.

Debit

2.

Credit

3.

Debit or Credit

4.

Neither Debit nor Credit

10.

A debtor of ₹10,000 pays ₹9,500 in full settlement. Choose the correct statement.

1.

Cash account will be debited by ?9,500

2.

Cash account will be debited by ?10,000

3.

Debtor account will be debited by ?10,000

4.

Debtor account will be credited by ?9,500

- OR -

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Seema Ma’am has been teaching me Accounts since Grade 11, and now I’m continuing Grade 12 with her as well. Her explanation style is absolutely flawless and extremely easy to understand. She teaches every concept from the basic level, which makes even difficult topics feel simple and clear. She tells keywords and also gives tricks and hacks which will tackle the twists mcqs and questions...also she made me practice a lot through worksheets and sample papers which helped me to complete my paper on time. I am very confident with my accounts subject because of her guidance and teaching-style.

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Top Concept Videos in Accountancy

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CBSE - Class 11>Accountancy



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Free CBSE Worksheets

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Bank Reconciliation Statement Bills of Exchange Depreciation, Provisions and Reserves 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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