NCERT Solutions Class 11 Accountancy Chapter 8 Bills of Exchange

NCERT Solutions class 11 Accountancy Chapter 8 Bills of Exchange. NCERT book for Accountancy in class 11 is strongly recommened by teachers and the CBSE and NCERT boards. Please download the NCERT solutions for class 11 Accountancy free in PDF made by teachers of the best…

NCERT Solutions Class 11 Accountancy Chapter 7 Depreciation Provisions and Reserves

NCERT Solutions class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves. NCERT book for Accountancy in class 11 is strongly recommened by teachers and the CBSE and NCERT boards. Please download the NCERT solutions for class 11 Accountancy free in PDF made by…

NCERT Solutions Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors

NCERT Solutions class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors. NCERT book for Accountancy in class 11 is strongly recommened by teachers and the CBSE and NCERT boards. Please download the NCERT solutions for class 11 Accountancy free in PDF made by…

NCERT Solutions Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

NCERT Solutions class 11 Accountancy Chapter 5 Bank Reconciliation Statemen. NCERT book for Accountancy in class 11 is strongly recommened by teachers and the CBSE and NCERT boards. Please download the NCERT solutions for class 11 Accountancy free in PDF made by teachers of…

NCERT Solutions Class 11 Accountancy Chapter 4 Recording of Transactions 2

NCERT Solutions class 11 Accountancy Chapter 4 Recording of Transactions 2. NCERT book for Accountancy in class 11 is strongly recommened by teachers and the CBSE and NCERT boards. Please download the NCERT solutions for class 11 Accountancy free in PDF made by teachers of the…

NCERT Solutions Class 11 Accountancy Chapter 3 Recording of Transactions 1

HOTs Questions Question. Define a journal voucher. Answer : Preparation of accounting voucher for multiple debit and credit transaction is known as a journal voucher Question. Give three elements of accounting voucher. Answer : The three elements of accounting voucher are…

NCERT Solutions Class 11 Accountancy Chapter 2 Theory Base of Accounting

Chapter 2 Theory Base of Accounting   Question. Why is it necessary for accountants to assume that business entity will remain a going concern? Answer : Going Concern Concept assumes that the business entity will continue its operation for an indefinite period…

NCERT Solutions Class 11 Accountancy Chapter 1 Introduction to Accounting

Chapter 1 Introduction to Accounting Question. Define accounting. Answer : Accounting is a process of identifying the events of financial nature, recording them in Journal, classifying in their respective ledgers, summarising them in Profit and Loss Account and …

CBSE Class 11 Accounting Vouchers and their preparation

Accounting-Vouchers and their preparation 4.1 Types of Vouchers: Vouchers are of two types i) Supporting vouchers ii) Accounting vouchers Vouchers which support business transactions are called supporting vouchers, for e.g., cash receipts, invoices, bills, counterfoils of pay-…

CBSE Class 11 Accounting Trial Balance

Accounting-Trial Balance 5.1 Introduction The accounting process which you have learnt so far is regarding the recording of transactions on the basis of accounting principles in the journal proper and other subsidiary books, posting them from the journal to the ledger, and…

CBSE Class 11 Accounting Taxation

Accounting-Taxation 7.1 Direct Taxes A direct tax is paid by a person upon whom it is legally imposed; its effect is borne by the tax payer, for example, income tax. Income tax is paid by an individual, a Hindu undivided family, a company, a firm, and local bodies etc. on…

CBSE Class 11 Accounting Recording of Transactions

Accounting-Recording of Transactions Books of Original Entry The books of accounts where in transactions are recorded for the first time from a source document are called ‘Books of Original Entry’. A document which provides evidence of the transactions is called a source…

CBSE Class 11 Accounting Introduction to Accounting

Accounting-Introduction to Accounting Evolution of accounting is spread over several centuries. It is as old as money itself. The modern system of accounting based on the principles of Double Entry System owes its origin to Luco Pacioli, who first published the principles of…