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Free CBSE - Class 11 worksheets

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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.
Why is it important to adopt a consistent basis for the preparation of financial statements? Explain.
10.
What is matching concept? Why should a business concern follow this concept? Discuss.
- OR -

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Free CBSE Worksheets

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11 and 12 political science Accountancy Arts / Humanities Biology Biology and English Biology Botany and Zoology Business Mathematics Business Studies Bussiness Laws Chemistry Commerce Economics English English, EVS, Maths for CBSE Classes 1 to 5 English, Mathematics, Science, Social Studies for ICSE Classes 1 to 5 Entrepreneurship Hindi Mathematics Physics Psychology Science

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