Book Recommended by author : ULTIMATE BOOK OF ACCOUNTANCY (By Dr.

Vinod Kumar, Vishvas Publications)

CBSE TEST PAPER-02
Class - XI Accountancy (Introduction to Accounting)
Topic : Introduction to Accounting

1. What is meant by Book Keeping? [1]

2. Give any one definition of Book Keeping. [1]

3. Give any one objective of Book Keeping. [1]

4. Give any one advantage of Book Keeping. [1]

5. Give any two examples of Financial Transactions. [1]

6. Give any two differences between Book-keeping and Accounting. [2]

7. What are the main objectives of Accounting? [2]

8. Is Accounting a science or an art? [2]

9. What are the main branches of accounting? [2]

10. Give any one advantages of Accounting. [2]

11. Give any one Limitation of Accounting. [2]

12. What is meant by Window Dressing? [2]

13. How would you define accounting as a source of information? [2]

14. Who are the internal users of Accounting information? [2]

15. Who are the External users of Accounting information? [2]

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 Accountancy Challenge
Challenge : 1
Find out Cost of Goods Sold from the following:
Opening Stock Rs. 20,000
Purchases Rs. 1,60,000
Direct Expenses Rs. 5,000
Closing Stock Rs. 35,000
Purchase Return Rs. 10,000

Challenge : 2
Find out Cost of Goods sold from the following
Opening Stock Rs. 40,000
Net Purchases Rs. 2,00,000
Wages Rs.10,000
Closing Stock Rs.30,000
Purchase Return Rs. 5,000

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Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks