NCERT Solutions for Class 11 Accountancy Chapter 13 Computerised Accounting System Computerised Accounting System Questions and Answers Class 11 Accountancy Chapter 13 Test Your Understanding I. Fill in the blanks : (i) The framework of storage and processing of data is called as …………….. (ii) Database is implemented using …………. (iii) A sequence of actions…
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NCERT Solutions for Class 11 Accountancy Chapter 12 Applications of Computers in Accounting Applications of Computers in Accounting Questions and Answers Class 11 Accountancy Chapter 12 Short Answer Type Questions Question 1. State the different elements of a computer system. Answer: A computer system consist of the following six elements : (1) Hardware (2) Software…
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NCERT Solutions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records Accounts from Incomplete Records Questions and Answers Class 11 Accountancy Chapter 11 Test Your Understanding – I Tick the correct answer : Question 1. Incomplete record mechanism of book keeping is : (a) Scientific (b) Unscientific (c) Unsystematic (d) Both (b) and (c)…
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NCERT Solutions for Class 11 Accountancy Chapter 10 Financial Statements 2 Financial Statements 2 Questions and Answers Class 11 Accountancy Chapter 10 Test Your Understanding Tick the correct answer : Question 1. Rahul’s trial balance provide you the following information : Debtors — Rs. 80,000 Bad debts — Rs. 2,000 Provision for bad debts —…
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NCERT Solutions for Class 11 Accountancy Chapter 9 Financial Statements 1 Financial Statements 1 Questions and Answers Class 11 Accountancy Chapter 9 Test Your Understanding -I I. State True or False : (i) Gross profit is total revenue. (ii) In trading and profit and loss account, opening stock appears on the debit side because it…
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NCERT Solutions For Class 11 Financial Accounting – Bills of Exchange Short Answer Type Questions Q1. Name any two types of commonly used negotiable instruments. Solution: Cheques and Bills of exchange are the commonly used negotiable instruments. Q2. Write two points of distinction between bills of exchange and promissory note. Solution: Q3. State…
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NCERT Solutions For Class 11 Financial Accounting – Depreciation, Provisions and Reserves Short Answer Type Questions Q1. What is ‘Depreciation’? Solution: Depreciation means fall in book value of depreciable fixed asset because of wear and tear of the asset passage/efflux of time obsolescence accident A machinery costing ₹ 1,00,000 and its useful life is…
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NCERT Solutions For Class 11 Financial Accounting – Trial Balance and Rectification of Errors Short Answer Type Questions Q1. State the meaning of a Trial Balance. Solution: Trial balance is a statement prepared to check the arithmetical accuracy of transactions recorded in the journal, posted into the ledger and balanced in the ledger accounts. The balance of…
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NCERT Solutions For Class 11 Financial Accounting – Bank Reconciliation Statement Short Answer Type Questions Q1. State the need for the preparation of bank reconciliation statement? Solution: The need and importance of the bank reconciliation statement are as follows: It ensures accuracy of the balances and records shown by the pass book and cash…
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NCERT Solutions For Class 11 Financial Accounting – Recording of Transactions-II Short Answer Type Questions Q1. Briefly state how the cash book is both journal and a ledger? Answer : Transactions are recorded directly from source documents in the Cash Book, so there is no need to record transactions in the Journal book. Further, on…
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