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Book Recommended by author : ULTIMATE BOOK OF ACCOUNTANCY (By Dr.

Vinod Kumar, Vishvas Publications)


CBSE TEST PAPER-01
Class - XI Accountancy (Introduction to Accounting)
Topic : Introduction to Accounting

1. What is meant by Accounting? [1]

2. Give one Definition of Accounting? [1]

3. What is the need of Accounting? [1]

4. What is meant by Accounting Process? [1]

5. What are the steps involved in Accounting Process? [1]

6. Give any two examples of Manufacturing firm. [2]

7. Give any two examples of Trader firms. [2]

8. Give any two examples of Finance firms. [2]

9. Give any two Examples of Service providers. [2]

10. What is meant by Recording? [2]

11. What is the meaning of classifying? [2]

12. What is the meaning of summarising? [2]

13. What is meant by analysis and interpretation [2]

14. Accounting is concerned with the communication. Comment on this statement. [2]

15. Accounting Deals with financial transactions only. Comment on this statement. [2]

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Accountancy Challenge
Challenge : 1
Mr. Vinod Kumar is appointed as Marketing Manager in a Manufacturing Firm on 15 September 2014
with a salary of Rs.55,000 per month. State whether this event will be recorded in the books of
accounts or not.

Challenge : 2
Which of the following is not a business transaction?
(a) Paid Office Rent Rs.18,000
(b) Paid Commission to the Manager on sales Rs.27,000.
(c) Placed order for supply of goods.
(d) Profit for the year was estimated Rs.87,000.
(e) Personal assets sold by the proprietor.
(f) Received order for sale of goods.

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