{"id":28212,"date":"2019-11-02T16:56:20","date_gmt":"2019-11-02T11:26:20","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=28212"},"modified":"2019-11-04T15:45:36","modified_gmt":"2019-11-04T10:15:36","slug":"cbse-class-11-accountancy-chapter-9-important-questions","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/cbse-class-11-accountancy-chapter-9-important-questions\/","title":{"rendered":"CBSE Class 11 Accountancy Chapter 9 Important Questions"},"content":{"rendered":"
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CBSE Class 11 Accountancy Chapter 9 Important Questions. <\/strong>myCBSEguide has just released Chapter Wise Question Answers for class 11. Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. Accountancy describes the duties of an accountant, the person whose job is to keep, inspect and interpret financial accounts. There chapter wise Practice Questions with complete solutions are available for download in\u00a0myCBSEguide<\/a>\u00a0<\/strong>website and mobile app. These Question with solution are prepared by our team of expert teachers who are teaching grade in CBSE schools for years. There are around 4-5 set of solved Accountancy Extra questions from each and every chapter. The students will not miss any concept in these Chapter wise question that are specially designed to tackle Exam. We have taken care of every single concept given in\u00a0CBSE Class 11 Accountancy\u00a0<\/a><\/strong>syllabus and questions are framed as per the latest marking scheme and blue print issued by CBSE for class 11.<\/p>\n<\/div>\n<\/div>\n

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Class 11 Accountancy Extra Questions<\/strong><\/p>\n

Download as PDF<\/a><\/strong><\/p>\n

Financial Statements -I Sole Proprietorship Class 11 Accountancy Practice Questions<\/h2>\n

Ch-9 Financial Statements-I Sole Proprietorship<\/strong><\/p>\n

\n
    \n
  1. What is primary objective of financial statements?<\/li>\n
  2. What is the operating profit?<\/li>\n
  3. What is meant by marshalling of assets and liabilities?<\/li>\n
  4. What do we come to know by preparing a trading account?<\/li>\n
  5. Calculate gross profit when total purchases during the year are Rs. 8,00,000; returns outward Rs. 20,000; direct expenses Rs. 60,000 and 2\/3rd of the goods are sold for Rs. 6,10,000.<\/li>\n
  6. Calculate Closing Stock from the following details:
    \n\n\n\n\n\n
    <\/td>\nRs.<\/strong><\/td>\n<\/td>\nRs.<\/strong><\/td>\n<\/tr>\n
    Opening Stock<\/td>\n20,000<\/td>\nPurchases<\/td>\n70,000<\/td>\n<\/tr>\n
    Cash Sales<\/td>\n60,000<\/td>\nCredit sales<\/td>\n40,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Rate of Gross Profit on cost\u00a0{tex}33 \\frac{1}{3} \\%.{\/tex}<\/span><\/li>\n

  7. From the following information, prepare trading account for the year ended 31st March, 2013 Cash purchases Rs. 4,50,000; credit purchases Rs. 27,00,000; returns inward Rs. 60,000; cash sales Rs. 4,80,000; credit sales Rs. 33,00,000; returns outward Rs. 30,000; freight inwards Rs. 9,000; carriage inwards Rs. 9,000; wages and salaries Rs. 12,000; opening stock Rs. 4,50,000; closing stock Rs. 2,64,000 but its market value is Rs.2,52,000.<\/li>\n
  8. From the following information, prepare the trading account for the year ended 31st March, 2013
    \n\n\n\n\n\n\n
    <\/td>\nAmt (Rs.)<\/strong><\/td>\n<\/td>\nAmt (Rs.)<\/strong><\/td>\n<\/tr>\n
    Opening Stock<\/td>\n3,00,000<\/td>\nWages<\/td>\n6,000<\/td>\n<\/tr>\n
    Purchases<\/td>\n8,40,000<\/td>\nFreight<\/td>\n10,800<\/td>\n<\/tr>\n
    Closing\u00a0stock<\/td>\n2,40,000<\/td>\nCarriage inwards<\/td>\n3,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    The percentage of gross profit on sales is 20%.<\/li>\n

  9. From the following information, prepare the Profit and Loss A\/c for the year ended 31st March 2018
    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    <\/td>\nRs.<\/strong><\/td>\n<\/tr>\n
    Gross Profit<\/td>\n1,20,000<\/td>\n<\/tr>\n
    Rent<\/td>\n5,000<\/td>\n<\/tr>\n
    Salary<\/td>\n35,000<\/td>\n<\/tr>\n
    Commission paid<\/td>\n19,000<\/td>\n<\/tr>\n
    Interest on Loan<\/td>\n5,000<\/td>\n<\/tr>\n
    Advertisement<\/td>\n8,000<\/td>\n<\/tr>\n
    Interest\u00a0 received<\/td>\n8,000<\/td>\n<\/tr>\n
    Discount received<\/td>\n6,000<\/td>\n<\/tr>\n
    Printing and stationery<\/td>\n4,000<\/td>\n<\/tr>\n
    Legal charges<\/td>\n10,000<\/td>\n<\/tr>\n
    Bad debts<\/td>\n2,000<\/td>\n<\/tr>\n
    Loss by fire<\/td>\n6,000<\/td>\n<\/tr>\n
    Depreciation<\/td>\n4,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n
  10. Following is the trial balance of Kartik Makkar as on 31st March, 2013
    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Name of Account <\/strong><\/td>\nDebit
    \nAmount
    \n(Rs.)<\/strong><\/td>\n    		Name of Account <\/strong><\/td>\nCredit
    \nAmount
    \n(Rs.)<\/strong><\/td>\n<\/tr>\n
    Stock on 1 st April, 2009<\/td>\n20,000<\/td>\nDiscount Received<\/td>\n1,500<\/td>\n<\/tr>\n
    Purchases<\/td>\n1,16,000<\/td>\nReturn outwards<\/td>\n5,200<\/td>\n<\/tr>\n
    Wages<\/td>\n4,000<\/td>\nSales<\/td>\n1,97,300<\/td>\n<\/tr>\n
    Returns inwards<\/td>\n7,040<\/td>\nBills payable<\/td>\n6,000<\/td>\n<\/tr>\n
    Carriage on purchases<\/td>\n4,720<\/td>\nSundry creditors<\/td>\n11,200<\/td>\n<\/tr>\n
    Carriage on sales<\/td>\n1,420<\/td>\nCreditors for rent<\/td>\n1,000<\/td>\n<\/tr>\n
    Office salaries<\/td>\n9,600<\/td>\nCapital<\/td>\n80,000<\/td>\n<\/tr>\n
    Duty on imported goods<\/td>\n5,400<\/td>\nLoan from Raj<\/td>\n20,000<\/td>\n<\/tr>\n
    Rent and taxes<\/td>\n4,800<\/td>\nCommission<\/td>\n2,400<\/td>\n<\/tr>\n
    Cash<\/td>\n2,200<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Bank balance<\/td>\n15,640<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Bad debts<\/td>\n1,200<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Discount allowed<\/td>\n1,280<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Land and building<\/td>\n40,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Scooter<\/td>\n13,200<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Scooter repairs<\/td>\n1,700<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Bills receivable<\/td>\n7,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Commission<\/td>\n3,600<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Sundry Debtors<\/td>\n50,800<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Interest on Raj’s Loan<\/td>\n3,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    Drawings<\/td>\n12,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
    <\/td>\n\n

    3,24,600<\/strong><\/p>\n

    ======<\/strong><\/p>\n<\/td>\n

    		<\/td>\n\n

    3,24,600<\/strong><\/p>\n

    ======<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Prepare a trading and profit and loss account for the year ended on 31st March, 2013 and the balance sheet as at that date. The stock on 31st March, 2010 was Rs. 44,000.<\/li>\n<\/ol>\n

    Ch-9 Financial Statements-I Sole Proprietorship<\/strong><\/p>\n

    \n

    Answer<\/strong><\/p>\n

      \n
    1. The primary objective of financial statements is to analyze the financial position of the business by comparing them and drawing out the suitable measures to overcome the shortcomings.<\/li>\n
    2. Operating profit means the excess of operating revenue over operating expenses. It is obtained by subtracting operating expenses and adding operating incomes to the Gross profit.<\/li>\n
    3. Marshalling is the arrangement of assets and liabilities in particular order in the balance sheet in order to make the balance sheet more scientific and comprehensive for study by the users.
      \nThere are two ways of marshalling:<\/p>\n
        \n
      1. Marshalling as per\u00a0Order of liquidity<\/li>\n
      2. Marshalling as per Order of permanence<\/li>\n<\/ol>\n<\/li>\n
      3. By preparing the\u00a0trading account, we come to know the\u00a0\u2018gross profit\u2019 earned or \u2018gross loss\u2019 sustained by the firm during the manufacturing or production process.<\/li>\n
      4. Cost of Goods Sold = Total Purchases – Returns Outward + Direct Expenses = 8,40,000.\n
          \n
        1. goods sold (2\/3)for Rs. 6,10,000.<\/li>\n
        2. Cost of 2\/3rd goods =\u00a08,40,000 \u00d7 2\/3\u00a0= Rs. 5,60,000.<\/li>\n
        3. Gross profit\u00a0= Goods Sold – Cost of Goods Sold =\u00a06,10,000 – 5,60,000 = Rs. 50,000.<\/li>\n<\/ol>\n<\/li>\n
        4. Total Sales = Cash Sales + Credit Sales
          \n= Rs.[60,000 + 40,000] = Rs.1,00,000
          \nLet cost of sales = x
          \nGross Profit =\u00a0{tex}33 \\frac{1}{3} \\% \\text { of } x=x \\times \\frac{1}{3}=\\frac{x}{3}{\/tex}<\/span>
          \nSo, Sales\u00a0=\u00a0Cost + Gross Profit
          \nx +\u00a0{tex}\\left (\\frac{x}{3} \\right){\/tex}<\/span>\u00a0= 1,00,000
          \n4{tex}\\left (\\frac{x}{3} \\right){\/tex}<\/span>\u00a0= 1,00,000
          \nx = 1,00,000\u00a0{tex}\\times{\/tex}<\/span>(3\/4)cost of goods sold =\u00a0Rs.75,000
          \nNow Cost of goods sold = Opening Stock + Purchase – Closing Stock
          \nSo, [20,000 + 70,000 – Closing Stock] = Rs.75,000
          \nClosing Stock = (20,000 + 70,000) – 75,000 = Rs. 15,000
          \nGoods remaining unsold at the end of the year is called closing stock.<\/li>\n
        5. \n

          Trading Account<\/strong>
          \nfor the year ended 31st March, 2013<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
          Dr<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nCr<\/td>\n<\/tr>\n
          Particulars<\/strong><\/td>\n<\/td>\nAmt (\u20b9)<\/strong><\/td>\nParticulars<\/strong><\/td>\n<\/td>\nAmt (\u20b9)<\/strong><\/td>\n<\/tr>\n
          To Opening Stock<\/td>\n<\/td>\n4,50,000<\/td>\nBy Sales<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
          To Purchases:<\/td>\n<\/td>\n<\/td>\nCash Sales<\/td>\n4,80,000<\/td>\n<\/td>\n<\/tr>\n
          Cash Purchases<\/td>\n4,50,000<\/td>\n<\/td>\nCredit Sales<\/td>\n33,00,000<\/u><\/td>\n<\/td>\n<\/tr>\n
          Add :Credit Purchases<\/td>\n27,00,000<\/u><\/td>\n<\/td>\n<\/td>\n37,80,000<\/td>\n<\/td>\n<\/tr>\n
          <\/td>\n31,50,000<\/td>\n<\/td>\nLess : Returns Inward<\/td>\n(60,000)<\/td>\n37,20,000<\/td>\n<\/tr>\n
          Less :Returns Outward<\/td>\n(30,0000<\/u><\/td>\n31,20,000<\/td>\nBy Closing Stock( note 1)<\/td>\n<\/td>\n2,52,000<\/td>\n<\/tr>\n
          To Freight Inwards<\/td>\n<\/td>\n9,000<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
          To Carriage Inwards<\/td>\n<\/td>\n9,000<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
          To Wages and Salaries<\/td>\n<\/td>\n12,000<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
          To Gross Profit Transferred to Profit and\u00a0Loss A\/c<\/td>\n<\/td>\n3,72,000<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
          <\/td>\n<\/td>\n39,72,000<\/u><\/td>\n<\/td>\n<\/td>\n39,72,000<\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

          Note :<\/p>\n

            \n
          1. Closing Stock will be shown in the books at market price or book value price, whichever is less.<\/li>\n<\/ol>\n<\/li>\n
          2. Working Notes :i. Calculation of Cost of goods sold:
            \n\n\n\n\n\n\n\n\n\n\n\n
            <\/td>\n\u20b9<\/td>\n<\/tr>\n
            Opening Stock<\/td>\n3,00,000<\/td>\n<\/tr>\n
            Add: Purchases<\/td>\n8,40,000<\/td>\n<\/tr>\n
            Wages<\/td>\n6,000<\/td>\n<\/tr>\n
            Freight<\/td>\n10,800<\/td>\n<\/tr>\n
            Carriage Inwards<\/td>\n3,000<\/u><\/td>\n<\/tr>\n
            <\/td>\n11,59,800<\/td>\n<\/tr>\n
            Less: Closing Stock<\/td>\n2,40,000<\/u><\/td>\n<\/tr>\n
            Cost of Sales or Cost of Goods sold<\/td>\n9,19,800<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

            ii. Calculation of\u00a0Sales :<\/p>\n

            Let us assume that sales = \u20b9100,<\/p>\n

            then, gross profit would\u00a0be = \u20b920 (20% of sales)
            \nTherefore, cost of sales would\u00a0be = Sales – Gross Profit = 100 – 20 = \u20b980.
            \nWhen cost of sales is \u20b980,\u00a0then sales would be \u00a0= \u20b9100.
            \nWhen cost of sales is \u20b91, then sales would be =100\/80.
            \nWhen cost of sales is \u20b99,19,800, then sales would be\u00a0{tex} = \\frac{{100}}{{80}} \\times 9,19,800{\/tex}<\/span>\u00a0= \u20b911,49,750.<\/p>\n

            Trading Account<\/strong>
            \nfor the year ended 31st March, 2013<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
            Dr.<\/td>\n<\/td>\n<\/td>\nCr<\/td>\n<\/tr>\n
            Particulars<\/strong><\/td>\nAmt (\u20b9)<\/strong><\/td>\nParticulars<\/strong><\/td>\nAmt (\u20b9)<\/strong><\/td>\n<\/tr>\n
            To Opening Stock<\/td>\n3,00,000<\/td>\nBy Sales<\/td>\n11,49,750<\/td>\n<\/tr>\n
            To Purchases<\/td>\n8,40,000<\/td>\nBy Closing Stock<\/td>\n2,40,000<\/td>\n<\/tr>\n
            To Wages<\/td>\n6,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Freight<\/td>\n10,800<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Carriage Inwards<\/td>\n3,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Gross Profit c\/d<\/td>\n2,29,950<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            <\/td>\n13,89,750<\/u><\/td>\n<\/td>\n13,89,750<\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n
          3. \n

            PROFIT AND LOSS ACCOUNT
            \nfor the year ended 31st March, 2018<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
            Particulars<\/strong><\/td>\nRs.<\/strong><\/td>\nParticulars<\/strong><\/td>\nRs.<\/strong><\/td>\n<\/tr>\n
            To Rent<\/td>\n5,000<\/td>\nBy Gross Profit b\/d<\/td>\n1,20,000<\/td>\n<\/tr>\n
            To Salary<\/td>\n35,000<\/td>\nBy Interest received<\/td>\n8,000<\/td>\n<\/tr>\n
            To Commission<\/td>\n19,000<\/td>\nBy Discount received<\/td>\n6,000<\/td>\n<\/tr>\n
            To Interest on Loan<\/td>\n5,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Advertisement<\/td>\n8,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Printing and Stationery<\/td>\n4,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Legal charges<\/td>\n10,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Bad debts<\/td>\n2,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Loss by fire<\/td>\n6,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Depreciation<\/td>\n4,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Net Profit c\/d (Bal. fig.)<\/td>\n36,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            Total<\/strong><\/td>\n1,34,000<\/strong><\/td>\nTotal<\/strong><\/td>\n1,34,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

            Profit & Loss account is prepared on the last day of the accounting year\u00a0in order to determine the net result of the business. Only indirect expense and indirect revenue are shown in it.<\/li>\n

          4. \n

            Trading and Profit & Loss Account<\/strong>
            \nfor the year ended March 31, 2010<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
            Particulars<\/strong><\/th>\nAmount<\/strong><\/p>\n

            (Rs)<\/strong><\/th>\n

            		Particulars<\/strong><\/th>\nAmount<\/strong><\/p>\n

            (Rs)<\/strong><\/th>\n<\/tr>\n<\/thead>\n

            To Opening Stock<\/td>\n20,000<\/td>\nBy Sales\u00a0 (1,97,300)<\/td>\n<\/td>\n<\/tr>\n
            To Purchase\u00a0 (1,16,000)<\/td>\n<\/td>\n\u00a0 \u00a0 \u00a0Less Returns (7,040)<\/td>\n1,90,260<\/td>\n<\/tr>\n
            \u00a0 \u00a0 \u00a0Less Returns\u00a0 (5,200)<\/td>\n1,10,800<\/td>\nBy Closing Stock<\/td>\n44,000<\/td>\n<\/tr>\n
            To wages<\/td>\n4,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To carriage<\/td>\n4,720<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Gross Profit c\/d<\/td>\n94,740<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            <\/td>\n234260<\/strong><\/p>\n

            ========<\/strong><\/td>\n

            		<\/td>\n234260<\/strong><\/p>\n

            ========<\/strong><\/td>\n<\/tr>\n

            To Duty on Imported Goods<\/td>\n5,400<\/td>\nBy Gross Profit b\/d<\/td>\n94,740<\/td>\n<\/tr>\n
            To Carriage on Sales<\/td>\n1,420<\/td>\nBy Commission<\/td>\n2,400<\/td>\n<\/tr>\n
            To Office Salaries<\/td>\n9,600<\/td>\nBy Discount Received<\/td>\n1,500<\/td>\n<\/tr>\n
            To Rent & Taxes<\/td>\n4,800<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Bad Debts<\/td>\n1,200<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Discount Allowed<\/td>\n1,280<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Scooter Repairs<\/td>\n1,700<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Commission<\/td>\n3,600<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Interest on Loan<\/td>\n3,000<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            To Net Profit<\/td>\n66,640<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
            <\/td>\n98,640<\/strong><\/p>\n

            =======<\/strong><\/td>\n

            		<\/td>\n98,640<\/strong><\/p>\n

            ========<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

            Balance Sheet<\/strong>
            \nAs On March 31, 2010<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
            Liabilities<\/th>\nAmount<\/p>\n

            (Rs)<\/th>\n

            		Assets<\/th>\nAmount<\/p>\n

            (Rs)<\/th>\n<\/tr>\n<\/thead>\n

            Capital (80,000)<\/td>\n<\/td>\nCash<\/td>\n2,200<\/td>\n<\/tr>\n
            \u00a0Add Net Profit (66,640)<\/td>\n<\/td>\nBank<\/td>\n15,640<\/td>\n<\/tr>\n
            Less Drawings (12,000)<\/td>\n1,34,640<\/td>\nLand and building<\/td>\n40,000<\/td>\n<\/tr>\n
            Bills Payable<\/td>\n6,000<\/td>\nScooter<\/td>\n13,200<\/td>\n<\/tr>\n
            Creditors<\/td>\n11,200<\/td>\nBills Receivables<\/td>\n7,000<\/td>\n<\/tr>\n
            Creditors for rent<\/td>\n1,000<\/td>\nDebtors<\/td>\n50,800<\/td>\n<\/tr>\n
            Loan from Raj<\/td>\n20,000<\/td>\nClosing Stock<\/td>\n44,000<\/td>\n<\/tr>\n
            <\/td>\n1,72,840<\/strong><\/p>\n

            =========<\/strong><\/td>\n

            		<\/td>\n1,72,840<\/strong><\/p>\n

            =======<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

            Gross Profit -This is calculated in the Trading Account and is the excess of sales over the cost of goods sold during the period. Net Profit -This is calculated in the Profit and Loss Account and is what remains after all other costs used up in the period have been deducted from the Gross Profit.<\/li>\n<\/ol>\n

            \n
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            \n

            Class 11 Accountancy Chapter Wise Important Question<\/h2>\n
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              \n
            1. Introduction to accounting<\/a><\/li>\n
            2. Theory Base of Accounting<\/a><\/li>\n
            3. Recording of Transactions -I Vouchers, Journals & Ledgers<\/a><\/li>\n
            4. Recording of Transactions -II Cash Books & other Books<\/a><\/li>\n
            5. Bank Reconciliation Statement<\/a><\/li>\n
            6. Depreciation Provisions and Reserves<\/a><\/li>\n
            7. Bill of Exchange<\/a><\/li>\n
            8. Trial Balance and Rectification of Errors<\/a><\/li>\n
            9. Financial Statements -I Sole Proprietorship<\/a><\/li>\n
            10. Financial Statements -II Adjustments<\/a><\/li>\n
            11. Accounts from Incomplete Records<\/a><\/li>\n
            12. Computers in Accounting<\/a><\/li>\n
            13. Computerised Accounting System<\/a><\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

              CBSE Class 11 Accountancy Chapter 9 Important Questions. myCBSEguide has just released Chapter Wise Question Answers for class 11. Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. Accountancy describes the duties of an accountant, the person whose job is to keep, inspect and interpret … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1418,1346],"tags":[1872,1871,1839,1838,1833,1832],"class_list":["post-28212","post","type-post","status-publish","format-standard","hentry","category-accountancy","category-cbse","tag-cbse-class-11-accountancy","tag-chapter-wise-important-questions","tag-extra-questions","tag-important-questions","tag-latest-exam-questions","tag-practice-questions"],"yoast_head":"\nCBSE Class 11 Accountancy Chapter 9 Important Questions<\/title>\n<meta name=\"description\" content=\"CBSE Class 11 Accountancy Chapter 9 Important Questions These Question with solution are prepared by our team of expert teachers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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