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11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 2 Mark Questions with Solution Part - II updated Creative Questions Question Bank Software May-13 , 2022

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11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 2 Mark Questions with Solution Part - II updated Creative Questions

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 2 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10

  1. What is meant by Opening Journal Entry?

  2. How will you record Rs 5,000 paid for installation charges paid on new machine bought?

  3. What will be the amount of capital if cash is Rs. 5,000; Furniture Rs. 10,000; Stock Rs. 20,000 and Creditors Rs. 5,000?

  4. If the total assets of a business is Rs. 10,00,000 and outside liabilities are Rs. 2,00,000. Calculate its creditors.

  5. If the capital of a business is Rs. 5,00,000 and outside liabilities are Rs. 2,00,000. Calculate its total assets.

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