class 11th accountancy notes
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| 5 | Q10/10: Cash account is classified as a: | 412 |
| 6 | Q9/10: Ram's account is a type of: | 393 |
| 7 | Q8/10: The left hand side of an account is called: | 341 |
| 8 | Q7/10: The process of transferring entries from the journal to the ledger is called: | 303 |
| 9 | Q6/10: A journal is also called a book of: | 267 |
| 10 | Q5/10: The process of recording a transaction in the journal is called: | 257 |
| 11 | Q4/10: Increase in an asset is recorded on the: | 230 |
| 12 | Q3/10: Vouchers prepared for transactions not involving cash are called: | 212 |
| 13 | Q2/10: Which of the following is a source document? | 228 |
| 14 | Q1/10: The accounting equation is based on which accounting principle? | 247 |
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Next quiz Wednesday at 19:00 | 367 |
| 17 | Q10/10: A company has an operating profit of Rs 50,000. Non-operating expenses are Rs 10,000 and non-operating incomes are Rs 5,000. Net Profit is: | 344 |
| 18 | Q9/10: Competency: An old machinery was sold for Rs 10k, book value was Rs 12k. Sale proceeds were wrongly credited to Sales Account. How to rectify in Final Accounts? | 332 |
| 19 | Q8/10: Provision for discount on creditors is: | 265 |
| 20 | Q7/10: If Opening Capital is Rs 50,000, Closing Capital is Rs 60,000, Drawings are Rs 15,000, and Additional Capital is Rs 5,000, what is the Profit or Loss? | 216 |
