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11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - I updated Creative Questions Question Bank Software May-13 , 2022

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11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - I updated Creative Questions

11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - I

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 20
    10 x 2 = 20

  1. What is sales?

  2. What do you mean by Accounting Cycle

  3. How are Personal Accounts classified?

  4. What is meant by opening entry?

  5. Prepare a correct trial balance from the following trial balance in which there are certain mistakes.

    S.No Name of account L.F. Debit Balance
    Rs    		 Credit Balance
    Rs
    1. Sales   1,75,000  
    2. Closing Stock     1,50,000
    3. Debtors     30,000
    4. Creditors     15,000
    5. Fixed Assets   25,000  
    6. Expenses     30,000
    7. Capital   45,000  

  6. Give the specimen of Purchases Returns Book.

  7. Cash column of the cash book will always have a debit balance. Why?

  8. What is E-Statement?

  9. What is error of omission?

  10. What is original cost method of providing depreciation?

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