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Class 11 Introduction to Accounting worksheet
CBSE Accountancy. Meaning and objectives of accounting, users and qualitative characteristics, assets, liabilities, capital, drawings, and trade and cash discount. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
The final function of accounting, passing information to its users, is called:
- recording
- measurement
- identification
- communication
Answer
(d) communication
- 2.
What do the employees mainly want to know from the accounts of a business?
- the stability of the business and fair wages and bonus
- whether the business will pay for goods on time
- whether the business will keep supplying goods
- the return they may earn and the risk involved
Answer
(a) the stability of the business and fair wages and bonus
- 3.
In accounting, “voucher” means:
- money or goods taken by the owner for personal use
- persons to whom the business owes money
- resources owned by the business that have money value
- a document that supports a transaction
Answer
(d) a document that supports a transaction
Section B · short answer
- 4.
Define accounting.
Answer
Identifying, measuring, recording and communicating the economic events of an organisation to interested users of the information.
- 5.
Explain each term: (a) stock (b) loss
Answer
(a) goods lying unsold on a date (b) money or value lost without any benefit, such as by theft
Section C · long answer
- 6.
Explain the meaning of accounting and its four main functions.
Answer
Accounting identifies the economic events of a business, measures them in money, records them in date order, and communicates the results to users through financial statements.
Fresh sheets for your child
In the app, every Introduction to Accounting sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
Coming soon for Android and iPhone.