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CBSE Class 11 Accountancy Introduction To Accounting and Basic Worksheet

The document contains an assignment for class 11 accounting students with questions about introductory accounting terms and concepts such as the definition of accounting, bookkeeping, distinguishing between assets and liabilities, and qualitative characteristics of accounting information.

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Umesh Jaiswal
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22 views

CBSE Class 11 Accountancy Introduction To Accounting and Basic Worksheet

The document contains an assignment for class 11 accounting students with questions about introductory accounting terms and concepts such as the definition of accounting, bookkeeping, distinguishing between assets and liabilities, and qualitative characteristics of accounting information.

Uploaded by

Umesh Jaiswal
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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BAL BHARATI PUBLIC SCHOOL

Ganga Ram Hospital Marg, New Delhi-60

CLASS –XI SUBJECT – ACCOUNTANCY


ASSIGNMENT- 1 TOPIC – INTRODUCTION TO ACCOUNTING AND BASIC
ACCOUNTING TERMS

Q1) Define Accounting as per AICPA.

Q2) Define Book Keeping. What is its function?

Q3) Differentiate between Book Keeping and Accounting.

Q4) Explain the advantages of Accounting.

Q5) Discuss the limitations of Accounting.

Q6) State the different users of Accounting information and their informational needs.

Q7) Highlight the qualitative characteristics of accounting information.

Q8) Giving examples, explain each of the following:


a) Capital
b) Liability
c) Purchase
d) Sales
e) Debtor
f) Creditor
g) Drawings
h) Discount
i) Stock

Q9) Distinguish between:


a) Loss and expense
b) Revenue and income
c) Fixed asset and current asset
d) Long term liability and short term liability

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