Exercises

True or false

Fill in the Blanks

Exercise 9A

Exercise 9B

Introduction to Accounting

Accountancy

Theory Base of Accounting

Recording of Transactions - I

Recording of Transactions - II

Bank Reconciliation Statement

Trial Balance and Rectification of Errors

Depreciation, Provision and Reserves

Bill of Exchange

Financial Statements 1

Financial Statements 2

Accounts from Incomplete Records

Applications of Computers in Accounting

Computerised Accounting System

Class 11 Accountancy is a very important subject for every student as it deals with the basic accounting concepts. Also, this subject helps in strengthening the fundamentals of the subjects. Overall the book contains 15 chapters. Chapter 1 gives the introduction of accounting like what it is? what are its uses? etc.  Chapter 2 provides the theoretical base of accounting like why it is important? why we need it? etc. Chapter 3 and 4 teaches about the recording of the transaction. Moreover, chapter 3 teaches recording of journal entries and chapter 4 teaches recording of ledger entries. Chapter 5 relates to the bank reconciliation statement, which is basically shown, the difference between the bank statement and the bank column of the cashbook. Chapter 6 teaches how to prepare trial balance and how to rectify errors in it. Chapter 7 explains the treatment of depreciation, provisions, and reserves. Chapter 8 describes and teaches the treatment of bills of exchanges such as overdrafts. Chapter 9 and 10 teaches financial statement such as profit and loss account and balance sheet. Chapter 11 describes how to deal with incomplete records. Chapter 12 defines the application of computers in accounting. Chapter 13 provides more details about the computerised accounting systems such as their usefulness, accuracy, etc. Chapter 14 shows how to structure a database for accounting. And chapter 15 teaches how a database management system (DBMS) helps in the accounting system.