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Accountancy for 11-12th 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

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

1.
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.
2.
State how the GST rates will be applicable if \(CGST\) is 9%, \(SGST\) is 9% and \(IGST\) 18% in each of the following situations: Goods worth ₹ 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharastra.
3.
State how the GST rates will be applicable if \(CGST\) is 9%, \(SGST\) is 9% and \(IGST\) 18% in each of the following situations: Dealer A sell goods worth ₹ 25,000 to Dealer B in Gujarat.
4.
State how the GST rates will be applicable if \(CGST\) is 9%, \(SGST\) is 9% and \(IGST\) 18% in each of the following situations: Sunita sell goods to Ravindra in Rajasthan worth ₹ 65,000.
5.
‘The accounting concepts and accounting standards are generally referred to as the essence of financial accounting’. Comment.
6.
Discuss the concept-based on the premise ‘do not anticipate profits but provide for all losses’.
7.
What is the money measurement concept? Which one factor can make it difficult to compare the monetary values of one year with the monetary values of another year?
8.
Why is it necessary for accountants to assume that business entity will remain a going concern?
9.
When should revenue be recognised? Are there exceptions to the general rule?
10.
What is the basic accounting equation?
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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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Accountancy for 11-12th 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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