MP 11th Accountancy Important

MP Board Class 11th Accountancy Important Questions Chapter 19 Computers in Accounting and Computerised Accounting System MP Board Class 11th Accountancy Important Questions Chapter 19 Computers in Accounting and Computerised Accounting System Short Answer Type Questions Question 1. What is computer? Answer: Computer is a machine of modern age. It is an electronic and electrical … Read more

MP Board Class 11th Accountancy Important Questions Chapter 18 Preparation of Accounts from Incomplete Records MP Board Class 11th Accountancy Important Questions Chapter 18 Preparation of Accounts from Incomplete Records Short Answer Type Questions Question 1. “Single entry system is an unscientific and.incomplete system of accounting”. Justify the statement. Or Mention the various limitations of … Read more

MP Board Class 11th Accountancy Important Questions Chapter 17 Accounting in Non-trading Organizations MP Board Class 11th Accountancy Important Questions Chapter 17 Accounting in Non-trading Organizations Short Answer Type Questions Question 1. What are the characteristics of receipts and payments Account? Answer: Characteristics of receipts and payments Accounts are: In this account all receipts and.payments … Read more

MP Board Class 11th Accountancy Important Questions Chapter 16 Preparation of Final Accounts of Sole Trade MP Board Class 11th Accountancy Important Questions Chapter 16 Preparation of Final Accounts of Sole Trade Long Answer Type Questions Question 1. What adjustment are done in trading A/c? Prepare a format of trading A/c and show. Answer: Question … Read more

MP Board Class 11th Accountancy Important Questions Chapter 15 Adjustments MP Board Class 11th Accountancy Important Questions Chapter 15 Adjustments Short Answer Type Questions Question 1. What do you mean by adjustments? What are its object? Answer: Sometimes certain transactions may be partially or fully omitted by mistake or wrongly entered. Besides this, there are … Read more

MP Board Class 11th Accountancy Important Questions Chapter 14 Financial Statement MP Board Class 11th Accountancy Important Questions Chapter 14 Financial Statement Short Answer Type Questions Question 1. What do you mean by trading account? Answer: At the end of the financial year, the trader prepares an account called trading account to ascertain the gross … Read more

MP Board Class 11th Accountancy Important Questions Chapter 13 Bills of Exchange and Promissory Note MP Board Class 11th Accountancy Important Questions Chapter 13 Bills of Exchange and Promissory Note Short Answer Type Questions Question 1. What are the parties to a bill? Explain. Answer: There are three parties to a bill. They are: Drawer … Read more

MP Board Class 11th Accountancy Important Questions Chapter 12 Provision and Reserves MP Board Class 11th Accountancy Important Questions Chapter 12 Provision and Reserves Short Answer Type Questions Question 1. What is General Reserve? What are its objectives? Answer: Reserve mean amounts set aside out of profits and other surpluses to meet future uncertainties. In … Read more

MP Board Class 11th Accountancy Important Questions Chapter 11 Depreciation MP Board Class 11th Accountancy Important Questions Chapter 11 Depreciation Short Answer Type Questions Question 1. What do you mean by depreciation? What is the need of providing Depreciation? Or Write objects of providing for depreciation. Answer: Due to constant use of fixed assets in … Read more

MP Board Class 11th Accountancy Important Questions Chapter 10 Rectification of Errors MP Board Class 11th Accountancy Important Questions Chapter 10 Rectification of Errors Short Answer Type Questions Question 1. Write some errors which are disclosed by a trial balance? Answer: The following are some of the errors which are disclosed by a trial balance: … Read more