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CBSE Class 11 Accountancy Chapter 10 Special Purpose Books I—Cash Book

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Book Back Questions with Video Solutions In this article, you will find book back sums with solved video links to help you practice and understand the concept clearly. Watch the Complete Chapter Playlist: Learn CBSE Class 11 Accountancy Chapter 10 Special Purpose Books I—Cash Book, with detailed explanations and solved problems. 🔗 Access the Complete Playlist Here:  Chapter 10 Special Purpose Books I—Cash Book Question 9: Enter the following transactions in the two-column Cash Book of Reema, Chandigarh, and find out the cash and bank balances: April 1 Cash balance: Rs. 2,000; bank balance: Rs. 24,500. April 2 Cash sales: Rs. 60,000. April 5 Deposited in Bank: Rs. 50,000. April 7 Issued cheque to Sohan: Rs.10,000. April 12 Received a cheque from National Insurance Co. Ltd. against a claim lodged last year: Rs.19,800. April 14 Sold goods to Niraj for Rs. 25,000, received cash for Rs. 10,000, and the balance by cheque. Allowed him a discount: Rs. 500. April 16 Purchased fu...
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CBSE Class 11 Accountancy Chapter 9 Ledger

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 Book Back Questions with Video Solutions In this article, you will find book back sums with solved video links to help you practice and understand the concept clearly. Watch the Complete Chapter Playlist: Learn CBSE Class 11 Accountancy Chapter 9: Ledger with detailed explanations and solved problems. 🔗 Access the Complete Playlist Here: Chapter 9 Ledger Question 1:  On 1st April 2021, Gopal started business with a capital of Rs.50,000.  He made the following transactions: April 03: Purchased goods from Rita: Rs. 20,000. April 04: Cash paid to Rita: Rs. 10,000. April 06: Goods sold to Rohit: Rs. 25,000. April 08: Received cash from Rohit: Rs. 20,000. April 12: Goods purchased from Rita: Rs. 12,000. April 18: Cash paid to Rita: Rs. 20,000 April 25: Goods sold to Rohit: Rs. 10,000 April 30: Received cash from Rohit: Rs. 6,000 Journalize the above transactions and show the respective ledger accounts. Video Solution: Watch the detailed explanation video . Question 2: ...
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CBSE Class 11 Chapter 2 Basic Accounting Terms - Part 5

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  Basic Accounting Terms Introduction: In this article, you will find simple and easy-to-understand explanations of the important basic accounting terms prescribed in the CBSE Class 11 Accountancy syllabus. Understanding these terms will help you grasp accounting concepts more effectively and prepare for your examinations with confidence. 👉 Download Theory Notes 👉 Download One Mark Notes 👉 Download Questions & Answers Notes 👉 Click Here to Watch YouTube Video (MCQs & Short Answer Questions) 👉 Click Here to Watch YouTube Video - CBSE Chapter 2 Basic Accounting Terms What You Will Learn: Introduction Book value Books of account Cost of goods sold Credit Debit Depreciation Entity Entry Insolvent Solvent Proprietor Financial statements or Final accounts Conclusion 1) Book Value: Book value is the value of an asset after deducting depreciation. Formula: Book Value = Cost − Depreciation Example: Cost of Machine = ₹2,00,000; Depreciation = ₹40,000 Book Value = Cost – D...
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CBSE Class 11 Chapter 2 Basic Accounting Terms - Part 4

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  Basic Accounting Terms Introduction: In this article, you will find simple and easy-to-understand explanations of the important basic accounting terms prescribed in the CBSE Class 11 Accountancy syllabus. Understanding these terms will help you grasp accounting concepts more effectively and prepare for your examinations with confidence. 👉 Download Theory Notes 👉 Download One Mark Notes 👉 Download Questions & Answers Notes 👉 Click Here to Watch YouTube Video (MCQs & Short Answer Questions) 👉 Click Here to Watch YouTube Video - CBSE Chapter 2 Basic Accounting Terms What You Will Learn: Introduction Trade receivables Trade payables Cost Voucher Discount Bad debts Balance sheet Conclusion 1) Trade Receivables Trade receivables are the amounts that a business has to receive from customers for goods sold or services provided on credit. Trade Receivables consist of: Debtors & Bills Receivable  Formula: Trade Receivables = Debtors + Bills Receivable Example:...
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CBSE Class 11 Chapter 2 Basic Accounting Terms - Part 3

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 Basic Accounting Terms Introduction: In this article, you will find simple and easy-to-understand explanations of the important basic accounting terms prescribed in the CBSE Class 11 Accountancy syllabus. Understanding these terms will help you grasp accounting concepts more effectively and prepare for your examinations with confidence. 👉 Download Theory Notes 👉 Download One Mark Notes 👉 Download Questions & Answers Notes 👉 Click Here to Watch YouTube Video (MCQs & Short Answer Questions) 👉 Click Here to Watch YouTube Video - CBSE Chapter 2 Basic Accounting Terms What You Will Learn: Introduction Income Profit Gain Loss Purchase Purchase return Sales Sales return Revenue from operations Goods Stock/Inventory Conclusion 1) Income: Income is the profit or earnings generated by a business during an accounting period. It is the excess of revenue over expenses. Income is a broader term than profit because it includes earnings from both operating and non-operating ac...
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CBSE Class 11 Accounts Chapter 1 Introduction to Accounting - One Mark

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  Introduction to Accounting Introduction: In this article, you will find comprehensive study materials for CBSE Class 11 Accountancy Chapter 1: Introduction to Accounting , including theory notes, MCQs, and questions & answers to help you understand the chapter and prepare effectively for examinations. 👉  Download MCQs, Questions & Answers Notes 👉 MCQs Mock Test 👉 Click Here to Watch YouTube Video (MCQs & Short Answer Questions) 👉 Click Here to Watch YouTube Video - CBSE Chapter 1 Introduction to Accounting I. Multiple Choice Questions (MCQs): (i) Bookkeeping and Accounting (a) means the same and are used interchangeably. (b) does not mean the same and are not used interchangeably. (c) means both (a) and (b). (d) None of the above. Ans: (b) does not mean the same and are not used interchangeably. (ii) Which of the following is not a sub-field of accounting? (a) Bookkeeping (b) Management Accounting (c) Financial Accounting (d) Cost Accounting Ans: (a) Bookkee...
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CBSE Class 11 Accounts Chapter 1 Introduction to Accounting - Questions and Answers

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  Introduction to Accounting Introduction: In this article, you will find comprehensive study materials for CBSE Class 11 Accountancy Chapter 1: Introduction to Accounting , including theory notes, MCQs, and questions & answers to help you understand the chapter and prepare effectively for examinations. 👉 Download MCQs Notes 👉 MCQs Mock Test 👉 Click Here to Watch YouTube Video (MCQs & Short Answer Questions) 👉  Click Here to Watch YouTube Video - CBSE Chapter 1 Introduction to Accounting Very Short Answer-Type Questions: 1.  Give the meaning of 'accounting.' Answer: Accounting is a process of identifying financial transactions, measuring them in money terms, recording them in primary books, classifying, summarizing, analyzing, and interpreting them, and communicating the results to the users. 2.  List any two functions of accounting. Answer: Two functions of accounting are (i) Identifying financial transactions (ii) Recording them in the books of accoun...
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CBSE Class 11 Accounts Chapter 1 Introduction to Accounting - Part 1

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  Introduction to Accounting Introduction: Welcome to CBSE Class 11 Accountancy, Chapter 1: Introduction to Accounting .  In this article, we will learn the meaning, definition, characteristics, accounting process, and objectives of accounting in a simple and easy-to-understand manner. 👉 Download MCQs, Questions & Answers Notes 👉 MCQs Mock Test 👉 Click Here to Watch YouTube Video (MCQs & Short Answer Questions) 👉 Click Here to Watch YouTube Video - CBSE Chapter 1 Introduction to Accounting What You Will Learn: Introduction Meaning of Accounting Definition of Accounting Accounting Process Characteristics of Accounting Objectives of Accounting Quick Revision Notes Conclusion Meaning of Accounting: Accounting is a systematic process of recording, classifying, summarizing, analyzing, and interpreting the financial transactions and communicating the results to the users thereof.  The users of accounting information include owners, creditors, banks, governments, etc...
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CBSE Class 11 Accountancy Chapter 10 Special Purpose Books I—Cash Book

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Book Back Questions with Video Solutions In this article, you will find book back sums with solved video links to help you practice and understand the concept clearly. Watch the Complete Chapter Playlist: Learn CBSE Class 11 Accountancy Chapter 10 Special Purpose Books I—Cash Book, with detailed explanations and solved problems. 🔗 Access the Complete Playlist Here:  Chapter 10 Special Purpose Books I—Cash Book Question 9: Enter the following transactions in the two-column Cash Book of Reema, Chandigarh, and find out the cash and bank balances: April 1 Cash balance: Rs. 2,000; bank balance: Rs. 24,500. April 2 Cash sales: Rs. 60,000. April 5 Deposited in Bank: Rs. 50,000. April 7 Issued cheque to Sohan: Rs.10,000. April 12 Received a cheque from National Insurance Co. Ltd. against a claim lodged last year: Rs.19,800. April 14 Sold goods to Niraj for Rs. 25,000, received cash for Rs. 10,000, and the balance by cheque. Allowed him a discount: Rs. 500. April 16 Purchased fu...
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CBSE Class 11 Accounts Chapter 1 Introduction to Accounting - Part 2

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  Introduction to Accounting Introduction: Welcome to CBSE Class 11 Accountancy, Chapter 1: Introduction to Accounting .  In this article, we will learn the meaning, definition, functions, advantages, limitations, and role of accounting in a simple and easy-to-understand manner. 👉   Download MCQs, Questions & Answers Notes 👉 MCQs Mock Test 👉 Click Here to Watch YouTube Video (MCQs & Short Answer Questions) 👉 Click Here to Watch YouTube Video - CBSE Chapter 1 Introduction to Accounting What You Will Learn: Introduction Meaning of Accounting Definition of Accounting Functions of Accounting Advantages of Accounting Limitations of Accounting Role of Accounting in Business Quick Revision Notes Conclusion Meaning of Accounting: Accounting is a systematic process of recording, classifying, summarizing, analyzing, and interpreting the financial transactions and communicating the results to the users thereof.  The users of accounting information include owners, cr...
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