MP 11th Accountancy Important

MP Board Class 11th Accountancy Important Questions Chapter 9 Trial Balance MP Board Class 11th Accountancy Important Questions Chapter 9 Trial Balance Short Answer Type Questions Question 1. Define trial balance. Discuss its objects. Answer: A trial balance may be defined as “A trial “balance is not an account. It is a statement or a … Read more

MP Board Class 11th Accountancy Important Questions Chapter 8 Bank Reconciliation Statement MP Board Class 11th Accountancy Important Questions Chapter 8 Bank Reconciliation Statement Short Answer Type Questions Question 1. Why is Bank Reconciliation Statement prepared? Answer: When it is found that there are some differences between the cash-book balance and passbook balance, these differences … Read more

MP Board Class 11th Accountancy Important Questions Chapter 7 Ledger MP Board Class 11th Accountancy Important Questions Chapter 7 Ledger Short Answer Type Questions Question 1. What is a ledger account? Answer: The head on which the transactions pertaining to a particular person, asset, liability, expense, income, etc. are entered in the books is called … Read more

MP Board Class 11th Accountancy Important Questions Chapter 6 Subsidiary Books-II MP Board Class 11th Accountancy Important Questions Chapter 6 Subsidiary Books-II Short Answer Type Questions Question 1. Why a purchases account is opened when a purchases day book is already kept in the business? Answer: Due to the following reasons, a purchases account is … Read more

MP Board Class 11th Accountancy Important Questions Chapter 5 Subsidiary Books-I MP Board Class 11th Accountancy Important Questions Chapter 5 Subsidiary Books-I Short Answer Type Questions Question 1. “A cash-book never shows a credit balance.” Explain. Or A cash – book always shows debit balance. Why? Answer: In cash – book, only cash transactions are … Read more

MP Board Class 11th Accountancy Important Questions Chapter 4 Journal MP Board Class 11th Accountancy Important Questions Chapter 4 Journal Short Answer Type Questions Question 1. Explain the rules of making Journal. Answer: For recording the transactions in the journal, the following points should be kept in mind: Affects two accounts – Every transaction affects … Read more

MP Board Class 11th Accountancy Important Questions Chapter 3 Business Transactions and Double Entry System MP Board Class 11th Accountancy Important Questions Chapter 3 Business Transactions and Double Entry System Short Answer Type Questions Question 1. What is double entry system? Answer: Double entry system of book-keeping is a system in which each transaction has … Read more

MP Board Class 11th Accountancy Important Questions Chapter 2 Fundamental Assumptions and Principles of Accounting MP Board Class 11th Accountancy Important Questions Chapter 2 Fundamental Assumptions and Principles of Accounting Short Answer Type Questions Question 1. Explain each of the following in about 50 words: Accounting period concept Going concern concept Business entity concept Money … Read more

MP Board Class 11th Accountancy Important Questions Chapter 1 Accounting MP Board Class 11th Accountancy Important Questions Chapter 1 Accounting Short Answer Type Questions Question 1. Explain any five advantages of accounting towards Traders? Answer: 1. Important information – With the help of it, the trader can attain many important informations regarding the business easily. … Read more