11th Standard Syllabus & Materials

11th Standard

TN 11th Tamil இயற்கை வேளாண்மை,சுற்றுச்சூழல் -செய்யுள் - மனோன்மணீயம் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil என்னுயிர் என்பேன் -துணைப்பாடம் - இசைத்தமிழர் இருவர் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil மொழி கலை -செய்யுள் - ஒவ்வொரு புல்லையும் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil பீடு பெற நில் - இலக்கணம் - பகுபத உறுப்புகள் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil பீடு பெற நில் - துணைப்பாடம் - வாடிவாசல் Important Questions And Answers Study Material - QB365 Set A

NEW

11th Standard

TN 11th Tamil பீடு பெற நில் - செய்யுள் - குறுந்தொகை Important Questions And Answers Study Material - QB365 Set A

11th Standard English Medium Accountancy Subject Introduction to Accounting Book Back 2 Mark Questions with Solution Part - I updated Book back Questions

Published on: 13/05/2022

QB365 provides detailed and simple solution for every Book back Questions in class 11 Accountancy Subject. It will helps to get more idea about question pattern in every book back questions with solution.

latest Book back Questions

Download Tamil Nadu 11th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

Take MCQ Accountancy Test

QB365 Student Learing Managemnet System

Std: 11th Standard - Accountancy

chapter: - Book back Questions

Visit QB365-SLMS - https://www.qb365.in/slms/ Complete Questions and Answers

Questions:

Generic 2

5 x 2 = 10

Name any two bases of recording accounting information.

Who are the parties interested in accounting information?

What are the steps involved in the process of accounting?

List any two functions of accounting.

Define accounting.

Visit QB365-SLMS - https://www.qb365.in/slms/

Answers Key:

Generic 2

5 x 2 = 10

There are three bases of accounting in common usage, namely
(i) Cash Basis
(ii) Accrual or mercantile basis
(iii) Mixed or hybrid basis

There are several persons who need the accounting information for various purposes. They can be classified into two.
(i) Internal users :
1. Owners
2. Management
3. Employees
(ii) External users :
1. Creditors and Financial institutions
2. Investors
3. Customers
4. General public
5. Tax authorities and regulatory bodies
6. Government
7. Researchers

The Steps involved in accounting are :
(i) Identifying the transactions and Journalising.
(ii) Posting and Balancing.
(iii) Preparation of Trial Balance.
(iv) Preparation of Trading Account.
(v) Preparation of Profit and Loss Account.
(vi) Preparation of Balance Sheet.

(i) Measurement :
1. The main function of accounting is to keep systematic record of business transactions, post them to the ledger and ultimately to prepare the final accounts.
2. It also shows the current financial position of the business enterprises.
(ii) Comparison :
1. Accounting helps to compare the actual performance with the planned performance.
2. It is also possible to compare with the accounting policies.

American Accounting Association has defined accounting as "the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information".