CBSE - Class 11 Accountancy Introduction to Accounting Worksheet
Questions for Practice - Long Answers
1.
What do you mean by an asset and what are different types of assets?
2.
Describe the informational needs of external users.
3.
Explain the qualitative characteristics of accounting information.
4.
Explain the meaning of gain and profit. Distinguish between these two terms.
5.
Explain the factors which necessitated systematic accounting.
6.
What is accounting? Define its objectives.
7.
Describe the role of accounting in the modern world.
Worksheet Answers
