Class: 11 || Subject: Principles of Accounting-I
Chapter-2 Double Entry System
- Define double entry book-keeping system starting any two features of it. [2+1]
- Write in brief any three features of double entry book keeping system. [3]
- Write the meaning of double entry system with example. [3]
- Mention any three advantages of Double Entry Book-Keeping system. [3]
- Mention any three objectives of double entry system of book-keeping. [3]
- What do you mean by Double Entry System of Book keeping? Mention any two advantages of it. [2+1]
- Write the meaning of book-keeping and mention any two features of double entry system. [2+1]
- Write in brief about accounting cycle. [3]
- What do you mean by Double Entry Book Keeping System? State its two features. [2+1]
- Write in brief about accounting process. [3]
- List the sequential steps involved in an accounting cycle. [2]
- State any two importance of double entry system. [2]
- Explain in short any two features of double entry system of book keeping. [3]
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Chapter-3 Accounting Equation
- Following transactions are given: [2]
i. Karki started business with cast Rs. 1,00,000 and furniture Rs. 25,000.
ii. Harry purchased goods for cash Rs. 10,000 and on credit Rs. 20,000.
iii. Goods costing Rs. 10,000 was sold for Rs. 15,000 by Gupta.
iv. Purchased furniture accounting equation for each transactions.
Required: Separate accounting equation for each transactions.
- The following transactions are given: [2]
i. Started business with cash Rs. 2,00,000.
ii. Goods purchased on credit Rs. 50,000.
iii. Paid wages Rs. 10,000.
iv. Paid to creditors Rs. 20,000.
Required: Accounting Equations
- The following transactions are given: [2]
i. Started business investing Rs. 3,00,000.
ii. Purchased a computer on credit worth Rs. 50,000.
iii. Paid internet charge of Rs. 5,000 by cheque.
iv. Paid transaction cost of Rs. 12,000 by cheque.
Required: Accounting Equation
- The following transactions are given: [2]
i. Started business with capital of Rs. 2,00,000.
ii. Purchased goods of Rs. 50,000 on credit.
iii. Paid salary of Rs. 20,000.
iv. Sold goods of Rs. 12,000.
Required: Accounting Equation
- Following transactions are given: [2]
i. Started business with Rs. 3,00,000.
ii. Purchased furniture for Rs. 50,000.
iii. Purchased goods worth Rs. 20,000 including Rs. 5,000 in cash.
iv. Sold goods worth Rs. 5,000 to Harry for Rs. 6,000.
Required: Accounting Equation
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