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11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 3 Mark Questions with Solution Part - I updated Creative Questions

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 3 Mark Questions with Solution Part - I

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15
    5 x 3 = 15

  1. What are the need for preparation of trading account?

  2. What are the need for preparing a Balance sheet?

  3. What are the characteristics of balance sheet?

  4. What are the classification of assets? (any five)

  5. Explain the types. of liabilities.

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