CBSE Class 11 Accountancy Revision Worksheet Set A

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Subject : Accountancy

CLASS- XI Worksheet No: 2 Date: 2.2.2011

VERY SHOT ANSWER TYPE QUESTIONS

Qno1. Define noting charges.

Qno2. Define Retiring of a bill

Qno3. Define Date of Maturity.

Qno4. Define Bill at sight.

Qno5 State the Treatment of closing stock appearing in a trail balance

Short Answer Type Questions

Qno6. Explain order of Liquidity

Qno7. Give any three differences between Trading and Profit and Loss Account and Balance sheet.

Qno8. State the parties to a promissory note.

Qno9.Ashok drew on Rakish three bill of exchange respectively on 29th, 30th, and 31st January 2008. The term in each case is 1 month. What will be the due date of payment in each case?

Qno10. From the following information, prepare the Trading Account for the year ending 31st march 2008  Adjusted purchases Rs 660000, Sale Rs 744000, Closing Stock Rs 50400, Freight and Carriage inwards Rs 3600, Wages Rs 6000, Cartage inward Rs 2000

Qno11. B owed A Rs 4000 on 1st January,2008. B accepted a 3 months bill for Rs 3900 being in full settlement of he claim. At ts due date th bill id dishonoured. Noting charges are paid by A. give journal entries in the books A and B.

Qno12.From the following Trail balance prepare a Trading and Profit and Loss Account for the year ending March 31,2008 and the balance sheet as on that date. Closing Stock was valued at Rs 54000

Please refer to attached file for CBSE Class 11 Accountancy Worksheet - Revision Worksheet (1)