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11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 3 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15

    Part I

    5 x 3 = 15
  1. What is an Account? Classify the accounts with suitable examples.

  2. What is the accounting treatment for insurance premium paid on the life of the proprietor?

  3. Briefly explain about steps in journalising.

  4. Complete the accounting equation.

    (a) Assets = Capital + Liabilities
    Rs.1,00,000 =  Rs.80,000 + ?
    (b) Assets = Capital + Liabilities
    Rs.2,00,000 = ? + Rs.40,000
    (c) Assets = Capital + Creditors
    ? = Rs.60,000 + Rs.80,000
  5. Show the accounting equation on the basis of the following:
    (a) Started business with cash Rs 60,000
    (b) Goods bought on credit from Ramesh Rs 20,000
    (c) Purchased furniture for cash Rs 15,000
    (d) Paid creditors by cash Rs 500

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