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    CBSE Class 11 Accountancy Worksheet - Introduction To Accounting

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    Asif Safwan
    The document is an introductory accounting study guide from D.A.V. Public School in New Panvel, India for the 2013-2014 school year. It contains 11 questions covering fundamental accounting concepts like defining accounting and bookkeeping, differentiating the two, explaining accounting advantages and limitations, identifying different users of accounting information, and giving examples of basic accounting terms. The study guide aims to introduce students to the basic principles and terminology of accounting.

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    CBSE Class 11 Accountancy Worksheet - Introduction To Accounting

    Uploaded by

    Asif Safwan
    122 views1 page
    The document is an introductory accounting study guide from D.A.V. Public School in New Panvel, India for the 2013-2014 school year. It contains 11 questions covering fundamental accounting concepts like defining accounting and bookkeeping, differentiating the two, explaining accounting advantages and limitations, identifying different users of accounting information, and giving examples of basic accounting terms. The study guide aims to introduce students to the basic principles and terminology of accounting.

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    The document is an introductory accounting study guide from D.A.V. Public School in New Panvel, India for the 2013-2014 school year. It contains 11 questions covering fundamental accounting concepts like defining accounting and bookkeeping, differentiating the two, explaining accounting advantages and limitations, identifying different users of accounting information, and giving examples of basic accounting terms. The study guide aims to introduce students to the basic principles and terminology of accounting.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    122 views1 page

    CBSE Class 11 Accountancy Worksheet - Introduction To Accounting

    Uploaded by

    Asif Safwan
    The document is an introductory accounting study guide from D.A.V. Public School in New Panvel, India for the 2013-2014 school year. It contains 11 questions covering fundamental accounting concepts like defining accounting and bookkeeping, differentiating the two, explaining accounting advantages and limitations, identifying different users of accounting information, and giving examples of basic accounting terms. The study guide aims to introduce students to the basic principles and terminology of accounting.

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    D.A.V. PUBLIC SCHOOL, NEW PANVEL


    Plot No. 267, 268, Sector‐10, New Panvel, 

    Navi Mumbai‐410206 (Maharashtra). 

    Phone 022-27468211, 27482276, Tel-fax- 27451793,


      E‐mail – davnewpanvel@gmail.com, www.davnewpanvel.com 

    2013-2014

    Std: XI Subject: ACCOUNTANCY

    INTRODUCTION TO ACCOUNTING

    1. Define Accounting as per AICPA. What are its main objectives?

    2. Define Book Keeping. What is the function of book keeping?

    3. Differentiate between book keeping & accounting.

    4. Explain the advantages of Accounting

    5. Discuss the limitations of accounting.

    6. State the different users of accounting information and their informational needs.

    7. Explain the qualitative characteristics of accountancy.

    9. “Accounting calls for lot of ethical consideration.” Do you agree?

    10. Giving examples, explain each of the following (i) tangible assets (ii) intangible

    assets (iii) liability (iv) drawings (v) revenue (vi) expenses (vii) income (viii) cost (ix)

    debtors (x) creditors (xi) stock

    11. Draw a diagram of branches in accounting.

    12. Distinguish between (a) trade discount and cash discount .

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