case study accounting grade 11

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Case Study Questions Class 11 Accountancy With Answers

Students should practice Case Study Questions for Class 11 Accountancy with Answers before appearing in Class 11 Accountancy Board exams. We have provided below the class 11 Accountancy Case Study questions based on each chapter in your NCERT Book for Class 11 Accountancy. These chapter-wise questions have been prepared by teachers based on the latest examination pattern and syllabus issued by CBSE, NCERT KVS. The following Case Study questions and answers will be really useful to understand the type of questions that can be asked in exams

Class 11 Accountancy Case Study Questions and Answers

Practicing by going through the past year and Case Study questions for CBSE Class 11 Accountancy is very important to prepare for the Grade 11 Accountancy exams. We have provided below the best collection of questions which can come in your exams.

Chapter Wise Important Questions for Class 11 Accountancy with Answers

Class 11 Accountancy Part 1 Chapter 1 Introduction to Accounting Chapter 2 Theory Base of Accounting Chapter 3 Recording of Transactions – I Chapter 4 Recording of Transactions – II Chapter 5 Bank Reconciliation Statement Chapter 6 Trial Balance and Rectification of Errors Chapter 7 Depreciation, Provisions and Reserves Chapter 8 Bill of Exchange

Class 11 Accountancy Part 2 Chapter 9 Financial Statements – I Chapter 10 Financial Statements – II Chapter 11 Accounts from Incomplete Records Chapter 12 Applications of Computers in Accounting Chapter 13 Computerised Accounting System

Case Study Questions Class 11 Accountancy With Answers

Kinetic Theory Class 11 Physics Important Questions

Chapter 10 Comparative development Experiences Of India and Its Neighbours Case Study Questions

List Manipulation Class 11 Informatics Practices Important Questions

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Accountancy
Class 11 Accountancy Case...

Class 11 Accountancy Case Studies Questions

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CBSE introduced case-based questions in class 11 accountancy question papers last year to enhance and develop analytical and reasoning skills among students. Class 11 Accountancy Case Studies Questions are given in CBSE model question papers too. Last year sample case-based questions were released by the CBSE and immediately an air of confusion was created among all. This concept was uncharted territory for both students and teachers.

A hypothetical text was provided on the basis of which the student was required to solve the given case-based question asked by CBSE in the accountancy class 11 exam. Initially, the case-based questions appeared to be tedious for both the students and the teachers as they were unprepared to deal with the new pattern of questions but now a lot more clarity is there that has made the question paper quite student-friendly.

Case Study Questions in class 11 (Accountancy)

Case-based questions in Accountancy are considered to be quite challenging by the class 11 students. The questions need to be well prepared and adequately practiced before attempting the class 11 accountancy exam. The accountancy class 11 syllabus is a well-integrated program that facilitates the students to comprehend and learn the basic accounting theories/principles. The subject is the base of major accounting fundamentals that are studied in depth at an advanced level in class 12. For students appearing for grade 11 exams from the Commerce stream, Accountancy is a prime subject. Accountancy is considered to be the most difficult of all other core subjects in the class 11 commerce stream.

The subject is consuming and the case studies are termed to be troublesome for they do require conceptual clarity. To ace this CBSE exam, students need to put in the extra effort. Among all the core subjects of the Commerce stream i.e accountancy, economics and business studies, it’s accountancy that renders a tough time for the students because of its complex theories and principles. It is an arduous task to score well in the 11-grade accountancy examination without adequate practice and knowledge. Many students who opt for the commerce stream after their 10-grade exams target chartered accountancy as a career option, so the subject is of paramount importance for them.

Accountancy syllabus of class 11 CBSE

The entire Accountancy course is divided into 2 parts:

Part A, Financial Accounting _ I
Part B, Financial Accounting _ II

Most of the case study questions are centered around the exercises of NCERT textbooks. It is recommended to read the textbooks religiously. There are 2 prescribed textbooks for class 11 Accountancy that have been published by NCERT. But Accountancy has an extensive curriculum and students need to go through other reference books too. Adhering only to NCERT textbooks will not be adequate to achieve proficiency in this subject.

CBSE Class – 11

Accountancy (Code No. 055) Syllabus



Unit-1: Theoretical Framework	25	12
Unit-2: Accounting Process	115	44

Unit-3: Financial Statements of Sole Proprietorship	60	24
	20	20

Case Study Passage (Accountancy class 11)

In these questions, the students would go through a paragraph with a hypothetical situation, based on which critical reasoning type questions will have to be answered by them. It is important for the students to inspect the passage carefully before trying to attempt the questions. In the coming examination cycle (2022-23), case-based questions will carry a weightage of around 15 to 20%. These questions can be centered on any chapter from the NCERT textbook for accountancy, class 11. Students need to brace well for the case-based questions prior to appearing for their accountancy examination as these questions require a thorough understanding of the key concepts in their syllabus. CBSE aims to increase the weightage of such questions in the years to come.

Kind of case-based Questions in Accountancy

Accountancy is a subject that deals with trade and commerce. The subject records allocate and outline the transactions of a business. The subject is for sure demanding thus requiring a greater effort from the students in order to strive for a perfect score. It is believed to be demanding but at the same time, it is scoring.

The case-based questions asked in the CBSE accountancy question paper for class 11 are of two types:

Objective- Such questions are asked in the MCQ format
Subjective- The questions would be answered briefly only but these questions are the ones that would require detailed analysis and application of some fundamental accountancy theories.

How To Prepare For Case-based Questions in Accountancy Grade 11

Students need to prepare well for the case-based questions before appearing for their class 11 Accountancy exams. Here are some tips which will help the student to solve the case-based questions at ease:

Go through the provided text carefully
Analyze the situation provided as part of the question asked
Focus on following correct formats in your responses, accountancy is one subject where apart from the concepts students need to be careful about the formats.
Brush up well on the theory portion of accountancy, this is the key to scoring a perfect score.
Practice rigorously
Provide to-the-point responses

Students need to solidify their concepts in order to ace the accountancy class 11 exam. Case studies can be easily solved if your key fundamentals are crystal clear. These simple points if kept in mind will definitely help the students to fetch good marks in case study questions in class 11 Accountancy .

Case study question examples in accountancy

Here are some given case study questions for CBSE class 11 Accountancy. If you wish to get more case study questions and other study material, download the myCBSEguide app now. You can also access it through our student dashboard.

Accountancy Case Study 1

Read the hypothetical text given and answer the following questions:

Sachin and Dravid are partners in firm sharing profits and losses in the ratio of 3:2. Their balance sheet is given below:

Balance Sheet as on 31.03.2017

On 01.04.2017, they admit Ashwin as a new partner into partnership on the following terms a) He brings in 40,000 as capital and 18,000 towards goodwill for 1/4th share in future profits b) Depreciate furniture by 10% and buildings are revalued at 45,000

c) PDD is increased to 3,500
d) Prepaid insurance * 2,000.

Prepare: i) Revaluation Account

. ii) Partners’ Capital Accounts

iii) New Balance

Accountancy Case Study 2

Ram and Shyam are two friends who both have just attended their first class of accountancy. The friends were intrigued by the different branches of accounting and their widespread application. Ram personally liked the branch of accounting in which fund flow statement and budgetary control is used and that branch helps in planning and controlling of operations. As the concept of accounting was further explored, they began discussing the different users of accounting. Ram said that he finds it interesting that even the employees demand information relating to business. Shyam said he finds more interesting the fact that even competitors want information on the relative strengths and weaknesses of the enterprise and for making comparisons, Shyam further said that even accounting helps owners to compare one year’s costs, expenses, and sales with those of other years. However, they were quite shocked by the fact that the management-worker relations were not taken into consideration in the accounting. Meanwhile, Ram and Shyam had an argument at the end of the discussion. Ram was saying that accounting is an art whereas Shyam was saying that accounting is a science. Their teacher came in and said something to them which made them stop the argument.

Q1. What might their teacher have said to solve their argument?

Ram, please understand, Shetty is correct in this situation

(b) Shyam, please understand, Ram is correct In this situation.

(d) None is correct

Q2. Shyam talked about which type of users of accounting?

(a) Internal users

(b) External users

(d) None of these.

Q3. Which limitation of accounting is being talked about by them?

(a) Influenced by personal judgment

(b) Omission of qualitative information.

(d) Based on historical costs

Q4. Which advantage of accounting is being talked about by Shyam in the last part of the first para?

(a) Provides information regarding profit and loss

(b) Provides completes and systematic record

(d) Evidence in legal matters

Q5. Which branch of accounting is liked by Ram?

(a) Financial accounting

(b) Cost accounting

(d) Tax accounting

Accountancy Case Study 3

Read the following case study and answer questions

Sam and Jay started with Cash 10,000 and Machinery 1,00,000. They decided to set up a production line for PPE kits for. the protection from Covid 19 virus. As their demand rose, they decided to buy one more piece of machinery. For the same, they took bank overdraft and purchased the machinery. The quality of the company’s product was extremely high and therefore, it could develop a reputation for itself in the market and business was flourishing. After 1.5 years, their old machinery turned obsolete so they decided to sell the same. They sold it and got some cash proceeds. To further increase the brand presence among the concerned stakeholders, they decided to run advertisements from the cash proceeds of machinery sold. As more and more customers demanded their product, they decided to launch a discount for bulk purchases. The discount was not to be recorded in the books of accounts. This campaign was successful and they earned a lot of profits from the same.

Q1. Which type of discount is being discussed in the last part of the passage?

(a) Trade discount

(b) Cash discount

(d) Can’t be determine

Q2. Which asset is discussed in the line, “The quality of the company’s product was very high and therefore, it could develop a reputation for itself in the market and business was flourishing”?

(a) Tangible

(b) Intangible

(d) Both (a) and (c)

Q3. Which type of liability is discussed in the passage?

(a) Non-current

(b) Current

(d) Can’t be determined

Q4. What was the capital initially invested?

(b) 1,00,000

Q5. The passage involves capital receipts (apart from initial capital invested).

Advantages of case study questions in Accountancy

The entire class 11 Accountancy syllabus is divided into 2 textbooks that are prescribed by NCERT. The examiner can ask case study questions from any chapter or concept. Students are expected to prepare themselves thoroughly. They ought to practice class 11 Accountancy case-based questions from the various options available to them, so as to ace the subject.

Uplift the analytical skills of students
Provide a well-rounded understanding of the concepts
Enhance intellectual capabilities in students
Help students to retain knowledge in their long-term memory
The questions would help to discard the concept of rote learning
Case studies encourage practical learning.

“Procrastination is the thief of time”

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Accountancy CBSE Class 11 Final Project Sample

This is a sample project for the CBSE Class 11 Accountancy. I did this last year for my class 11. Prepared Summary of Transactions, Journal Entries, Ledger Accounts, Trial Balance, Trading and Profict and Loss Account, Balance Sheet for an imaginary company. Story of the Project is given at the beginning.

This is just for sample. Anyone can use it for reference.

← NATANAMAADINAR | Lord Nataraja Painting
Baby Madurai Meenakshi Acrylic Painting →

12 thoughts on “ Accountancy CBSE Class 11 Final Project Sample ”

Thank you so much for ur help… it helped me very much ….

Can you also upload the ratios for this

Ratios in 12th project .. didn’t do in 11th

Loved the way of your doing. Helped me alot. Thanks for having this message easy project.

Sorry,having this easy project I mean

Can you please upload bar diagram and pie chart for all the indirect expenses and both the direct and indirect expenses pie chart and bar diagram

Hey , may I ask were Meghna Unni’s a/c is in the financial statement

Petty cash book please

whatever available with me is posted here. Nothing more is there.

Hi can you please tell me how did you calculate the value of closing stock?

I have posted my 11th std project for reference, i am doing my degree in another stream now. totally out of touch with Accountancy. I am unable to clarify any doubt regarding this now. Sorry

i need journal ledger with gst

Important Questions for CBSE Class 11 Accounts Chapter 1 – Introduction to Accounting

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Accounting today is much more than record-keeping and preparing financial statements by the accountant. Hence, it becomes imperative to strengthen your knowledge base in accountancy. Class 11 Chapter 1 is about Introduction to Accounting. This chapter explains the meaning of accounting and basic terms used in accounting while diving into the internal and external uses of the accounting information and the end objective of why is accounting done.

Quick Links

Students studying Accountancy should start by going through the Class 11 Accountancy NCERT textbook. Accountancy is a practical subject so along with studying the theory behind it, students can strengthen their understanding by solving various questions from the NCERT textbooks.

Extramarks is one of the best online learning companions for lakhs of students across the country. Thus, Extramarks provides students with a list of important questions from the CBSE syllabus . Extramarks team refers to NCERT textbooks, other important reference books, CBSE sample papers, CBSE past years’ question papers, etc. for compiling a list of questions.Solving a lot of questions given in our Important Questions Class 11 Accountancy Chapter 1 can make the students feel prepared to face questions in their examinations.

To get the maximum benefit during exam preparations, students can register on Extramarks’ website and get access to Accountancy Class 11 Chapter 1 Important Questions, NCERT solutions, revision notes, and other study materials.

Access CBSE Class 11 Accounts Chapter 1 Questions and Answers

Class 11 Accountancy Chapter-wise important questions are available for free to students, and these questions are perfect for self-study.



1	Chapter 1	Introduction to Accounting
2	Chapter 2
3	Chapter 3
4	Chapter 4
5	Chapter 5
6	Chapter 6
7	Chapter 7
8	Chapter 8
9	Chapter 9
10	Chapter 10
11	Chapter 11
12	Chapter 12
13	Chapter 13

Accountancy Class 11 Important Questions and Answers

Below are some Important Questions Class 11 Accountancy Chapter 1 with solutions:

Question 1. What is Accounting? Define its objectives?

Answer 1: Accounting is the process that identifies, measures, and records all business transactions communicated to interested users within and outside the organisation. The information is regarding the economic events related to the organisation.

The following are the objectives of accounting:

Maintenance of records of business transactions: Accounting helps systematically record business transactions in the books of accounts. Accounting is beneficial as it is not humanly possible to remember all the business transactions regarding sales, purchases, receipts, and payments. Accounting further serves as an evidence that verifies all those transactions.
Calculation of profit and loss: The accounting of incomes and expenses of the business helps to ascertain the net result at the end of a particular period and understand whether the business operations resulted in a profit or a loss.
Depiction of Financial Position: The preparations of accounts help to understand the financial position, i.e., the statement of assets and liabilities of the business firm.
Providing accounting information to its users: After the accounting process is complete, the end information is then communicated to the users, which are internal and external, that can use this information to make decisions in various situations.

Question 2. The art of recording all business transactions in a systematic manner in a set of books is called-

(a) Accounting

(b) Book–keeping

(d) None of these.

Answer 2: (b) Book-Keeping

Explanation- Bookkeeping is the process of keeping track of and organising all of a business’s financial transactions.

Question 3. Cash, goods or assets invested by the proprietor in the business for earning profit is called-

(b) Capital

(d) None of these

Answer 3: (b) Capital

Explanation: Capital is the ownership of money or other assets by an individual or group that may be used for a variety of activities, including investing or starting a business.

Question 4. Define Debtors and Creditors of the company

Debtors- Debtors are those who owe money to the business firm. The money owed by debtors is receivable during the course of business activities.

Creditors- Creditors are those who extend credit to the business; hence the money is to be paid to the creditors during the ordinary course of business.

Question 5. Mention 2 Differences between Accounting and Accountancy.

Accounting	Accountancy
Accounting is the process that identifies, measures, and records all business transactions that are further communicated to interested users within and outside the organisation. The information is regarding the economic events related to the organisation.	Accountancy is the set of rules to be observed during the accounting process, i.e., recording, classifying, and summarising the economic events, which are the financial transactions.
Book-Keeping is taken into consideration.	Book-Keeping and Accounting are both taken into consideration.

Question 6. Explain the qualitative characteristics of Accounting?

Answer 6: The following are the qualitative characteristics of Accounting:

Reliability: Reliability implies that one can rely on accounting information. The source documents, such as vouchers, bills, cash memos, and the like, help to verify the information. Hence, the internal and external users of accounting information can rely on them as it is unbiased and free from errors.
Relevance: The users, i.e., internal and external users, need relevant information to predictand make decisions for the future. Hence, the accounting information should include all the necessary transactions required for them to make these crucial decisions and exclude irrelevant information.
Understandability: The accounting information should be represented so that the users find it easy to interpret the information in a meaningful manner.
Comparability: One of the essential characteristics, comparability of data, implies that the current year’s accounting information can be easily compared to the previous year’s accounting information. It also enables the comparison of data between two or more businesses. It helps in understanding the impact of various policies and plans as well as projecting the growth of the business in comparison to similar businesses.

Question 7. Who are the users of accounting information?

Answer 7: Accounting information is used by various parties inside and outside the organisation to make important decisions. Hence, there are two categories that use the accounting information mentioned below:

Internal Users:
Employees and Workers
External Users:

External users comprise those who lie outside the organisation and are interested in the financial position and records of the business. External users do not have direct access to the business’s financial records. The External users include the following as below:

Government
General public
Banks and Financial Institutions
Tax Authorities

Question 8. Enumerate informational needs of management

Answer 8: The managers need the information about the business for the below-mentioned reasons:

Helps in planning business activities and making decisions for the same
Preparing financial reports relating to costs, profits, costs, and, to see whether the business enterprise is working well.
It compares the current financial performance of the business with its past performances and similar businesses to find out where the business stands in terms of operational efficiency.

Question 9. Giving examples, explain each of the following accounting terms:

Fixed assets
Short-term liability
Fixed Assets: Fixed Assets are those that are held on to for long terms and not used for sale. These assets help the business profit and assist in growth over the years. Example of Fixed Assets : Land, building, machinery, etc. .
Revenue: The inflow of cash resulting from the business’s normal day-to-day activities is known as revenue. Examples of Revenue: Sale of goods and services, the commission received, royalties, interest received, etc.
Expenses: The costs that are incurred during the process of earning revenue are known as expenses. They help in maintaining the profitability of the business enterprise. Examples of Expenses: Rent paid, salaries and wages paid, depreciation, interest on loans, and the likes of it.
Short-term Liability: Liabilities that are to be paid by the enterprise within a year are called short-term liabilities. Examples of Short-term liability: Creditors, outstanding wages, bank overdrafts, and short-term loans come under short-term liability.
Capital: Capital is the sum of the amount the business owner invests in the business. The capital is the business’s liability towards the owner; hence it is shown on the liability side while preparing the balance sheet. Example of capital: It may be in the form of cash or assets.

Question 10. What are the 3 advantages of accounting?

Answer 10: The three main advantages of accounting are:

Helps in decision-making by the management
Helps in the systematic recording of business transactions
Helps in the preparation of financial statements that ascertain profit and loss for the business

Question 11. Define revenues and expenses.

Revenues – The sale of products and services that result in an inflow of money is considered revenue for businesses. The inflow of money is considered revenue only when the activities resulting from it are day-to-day activities happening in the regular course of the business.

Examples of revenues include the sale of the goods, sale of services, fees or commission received, and profits from investments are examples of revenue.

Revenues are shown on the credit side of the profit and loss account or trading account.

Expenses : The activities during the business that leads to the outflow of money from the enterprise are termed expenses. The enterprise undertakes these expenses to help it earn revenues.

Examples of expenses include: Salaries and wages paid, rent paid, repair and maintenance, administrative charges, and cost of goods sold are basic examples of expenses.

Expenses are shown on the debit side of the Profit and loss or trading account.

Question 12. Define the branches of accounting.

Answer 12: Below mentioned are the different branches of Accounting:

Financial Accounting: Financial accounting is concerned with recording, classification, and summarising the financial activities of the business enterprise. The ultimate focus of financial accounting is to create accurate financial records for a particular period. The financial records are known as financial statements, which include Profit and Loss statements, balance sheets, and Statements of CFOs.
Cost Accounting: Cost Accounting is concerned with reporting and computation of costs incurred during producing goods and providing services. Cost accounting involves calculating the fixed and variable costs for the business enterprise.
Management Accounting: Management Accounting involves the measurement, evaluation, and interpretation of the financial information, which will be ultimately presented to the management for the realization of organisational goals.

Question 13. Describe the role of accounting in the modern world.

Answer 13: Earlier, the role of accounting was limited to recording business transactions, but in today’s time, its roles have changed significantly. It is not just used as a way of recording financial events. However, it is also used to disseminate information to the internal and the external users, ultimately helping in decision making.

Apart from this, here are some of the roles of accounting in the modern world:

Assisting the management: With the creation of budgets and reports, the management can make the right decisions for the long-running of a business enterprise
Information to end-user: Accounting in today’s times helps to communicate reliable and authentic information to internal and external users. The users depend on this information to make strategic changes in the business operations.
Substitute of memory: Accounting is the practice that helps in timely and accurate recording of business transactions that also come in handy as evidence for the transactions.
Comparative studies: Accounting also plays the role of helping organisations in comparing the past and present performance of the business. Businesses can also compare their performance with competitors to understand their position in the market.

Question 14. Differentiate between profit and gain.

Answer 14: The differences between Profits and Gain are mentioned below:

Profit	Gains
Profit is considered as having an excess of revenue over the expenses for a business enterprise calculated for a certain period, usually a year.	Gains are regarded as a growth in the value of assets and property in possession of the business enterprise.
Profit is generated from normal business activities.	Gains are generated from outside of the normal business operations.
Profit is shared with the shareholders.	Gains are used in the working of the business.

Question 15. Fill in the blanks

The document certifying the purchase or sale of goods or any monetary transaction is called …………….
The things or properties which help in the smooth functioning of the business and which are owned by the business are called ……………. of the business.
The unsold goods left at the end of the year are called ……………..
…………… represents the excess of assets over liabilities.

Answer 15:

Closing stock

Benefits of solving Class 11 Accountancy Chapter 1 Important Questions

Accountancy is an essential foundational subject in Classes 11 and 12 for students who are planning to pursue their careers in Commerce and business-oriented education streams. A lot of practice and effort should go towards understanding the core components of Accountancy. Going through the important questions in Class 11 Accountancy Chapter 1 available on the Extramarks can help students build a strong foundation of the subject which will benefit them greatly while solving practical numerical.

Here are a few benefits students can achieve while revising the Important Questions Class 11 Accountancy Chapter 1 available at Extramarks.

Get a list of all the Class 11 Accountancy questions at one place. The list would include questions from NCERT books, past years’ question papers, and other reference books, providing a holistic revision of the entire chapter.
The solutions are prepared by Extramarks’ team of subject matter experts who have been teaching Accountancy and Business oriented subjects for many years. So students can rely on the solutions fully. Our team has given step-by-step solutions that help students to revise important theory concepts that are used in solving the specific problems.
The questions covered in the Class 11 Accountancy Chapter 1 Important Questions list include a comprehensive list of questions from the entire chapter, ensuring that solving them helps with the revision of the entire chapter.

For students in Classes 1 through 12, Extramarks offers high-quality resources such as NCERT revision notes, CBSE sample papers , CBSE past years’ question papers , CBSE extra questions , and CBSE mock tests, etc. In order to access some of these resources, students must click on the website links provided below:

NCERT books
CBSE syllabus
CBSE sample papers
CBSE previous year question papers
Important formulas
CBSE extra questions
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Q.1 The function of accounting is to provide quantitative information, primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions. The process of accounting consists of the various steps to the required information. Identify the correct sequence.

i) Recording

ii) Communicating

iii) Measuring

iv) Identifying

i-ii-iii-iv

iii-ii-iv-is

ii-iv-i-iii

iv-iii-i-ii

Accounting can therefore be defined as the process of identifying, measuring, recording and communicating the required information relating to the economic events of an organisation to the interested users of such information. In order to appreciate the exact nature of accounting.

Q.2 ‘Accounting is the language of a business’. Explain. Marks: 3

Language is a means of communicating one’s views and opinions. In the same way accounting communicates financial information relating to a business to its interested users in a systematic manner. So, Accounting is the language of a business.

It provides important informations to the management, owners, employees, government, society, and all related parties who have any direct or indirect interest in the organisation.

Q.3 State any five differences between ‘Book –Keeping’ and ‘Accounting’ . Marks: 6

The five differences are given below:


(1) Scope	Book keeping is concerned with identifying the financial transactions measuring, recording and classifying them.	Accounting is concerned with summarising the recorded transactions, interpreting the results thereof.
(2) Objective	The objective of Book-Keeping is to maintain systematic records of financial transactions.	The objective of accounting is to ascertain results of operations and financial position of business and to communicate information to the interested users.
(3) Relation	Book–Keeping is the basic for Accounting.	Accounting begins where Book – Keeping ends.
(4) Special skills	Book-keeping is mechanical in nature and thus does not require special skills.	Accounting requires special skill and ability to analyse and interpret the results thereof.
(5) Nature of job	This job is critical and routine in nature.	This job is analytical and dynamic in nature.

Q.4 “The role of Accounting has changed over the period of time.” Do you agree Explain. Marks: 4

1. For making economic decisions by Management, Financial Institutions etc.

2. For judging managerial ability through results of the enterprise.

3. For activities affecting society etc.

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Cbse class 11 accountancy important questions, chapter 2 - theory base of accounting.

Chapter 3 - Recording of Transactions– 1

Chapter 4 - recording of transactions ii (financial accounting – i), chapter 5 - bank reconciliation statement, chapter 6 - trial balance and rectification of errors, chapter 7 – depreciation, provisions & reserves, chapter 8 - bill of exchange, chapter 9 - financial statements – 1, chapter 10 - financial statements 2, chapter 11 - accounts from incomplete records, chapter 12 - applications of computers in accounting, chapter 13 - computerised accounting system, faqs (frequently asked questions), 1. where can students easily find important questions class 11 accountancy chapter 1.

To make it easier for students to learn, revise and prepare for their examinations, Extramarks provides a list of Important Questions in Class 11 Accountancy Chapter 1. With this comprehensive list of questions prepared by experts, topics from every nook and corner of the chapters are covered, thus ensuring that the students achieve better grades in their examinations. You can be rest assured as you get authentic and reliable solutions to the Accountancy Class 11 Chapter 1 Important questions.

2. What are the important chapters covered in Class 11 Accountancy?

The subject of Accountancy is itself very important to create a strong base for Class 12 as well as further higher studies. Hence,every chapter plays a vital role. The important chapters covered in Accountancy for Class 11 include

Introduction to Accounting
Theory Base of Accounting
Recording of Transactions 1
Recording of Transactions 2
Bank Reconciliation Statement
Trial and Balance, and Rectification of Errors
Depreciation, Provision and Reserves
Bill of Exchange
Financial Statement 1
Financial Statement 2
Accounts from Incomplete Records
Applications of Computer in Accounting
Computerised Accounting System

3. What standout characteristics do Extramarks have for Important Questions Class 11 Accountancy Chapter 1?

The following are the characteristics of the Important Questions Class 11 Accountancy Chapter 1 available on Extramarks:

Practice questions that cover the entire chapter. Going through these questions can also prove to be a good revision of the chapter.
Important questions Class 11 Accountancy Chapter 1 provides you with a wide range of questions for better practice of the chapter’s concepts.
The expert provided solutions for maximum reliability and error-free solutions.
Easy to understand solutions for enhanced learning.

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Summaries for Gr 11 Accounting

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Accounting Grade 11 SBA Tasks and Memos

This page contains the latest Accounting Grade 11 SBA Tasks and Memos. Content on this page will help you in your exams, tests, sba, assignments, and research tasks. Accounting focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. It deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports for use by interested parties.

The subject encompasses accounting knowledge, skills and values that focus on the financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.

Accounting Grade 11 is completed in 4 terms in a year: Term 1, Term 2, Term 3, and Term 4. It is done in all South African Provinces such as: Gauteng, Free State, Limpopo, North West, Mpumalanga, Western Cape, Northern Cape, Eastern Cape, and Kwazulu Natal. Accounting Grade 11 is done in English and Afrikaans languages, and consist of Paper 1 and Paper 2 Exams

Topics in the Accounting CAPS curriculum.

The following are the topics covered in Accounting Grade 11 which will guide you before exploring SBA Tasks and Memos.

Accounting concepts
GAAP principles
Bookkeeping
Accounting equation
Final accounts and financial statements
Salaries and wages
Value-Added Tax
Reconciliations
Cost accounting
Indigenous bookkeeping systems
Fixed assets
Internal control

List of Accounting Grade 11 SBA Tasks and Memos

PRESCRIBED ASSESSMENT CRITERIA AS PER CAPS INCLUDING PRACTICAL COMPONENTS / PATS

Task 1: Written report: 50 marks Weighting = 10 Task 2: Controlled test 1: 100 marks Weighting = 20

Task 3: Project: 50 marks Weighting = 20 Task 4: Mid-year exams: 200 marks Paper 1: 150 marks Paper 2: 150 marks Total: 300 marks Weighting = 20

Task 5: Case Study: 50 marks Weighting = 10 Task 6: Control Test 2: 100 marks Weighting = 20

Task 7: Year-end exam Paper 1: 150 marks Paper 2: 150 marks TOTAL: 300 marks

REVISED ASSESSMENT CRITERIA FOR 2020

Task 1: Written report: 50 marks Suggested weighting = 10 Task 2: Controlled test 1: 100 marks Suggested weighting = 20

Task 3: Assignment (100) Suggested weighting = 20 Task 4: NO Mid-year exams (-1

Task 5: Case Study: 100 marks Suggested weighting = 10 Task 6: NO Controlled test 2 (-1)

Task 7: Year-end Exam Paper 1: 150 marks Paper 2: 150 marks TOTAL: 300 marks

2021 Annual Teaching Plan: Accounting Grade 11

What is the purpose for accounting grade 11.

The reasons for learning Accounting Grade 11 in South Africa are the following:

record, analyse and interpret financial and other relevant data in order to make informed decisions;
present and/or communicate financial information effectively by using generally accepted accounting practice in line with current developments and legislation;
develop and demonstrate an understanding of fundamental accounting concepts;
relate skills, knowledge and values to real-world situations in order to ensure the balance between theory and practice, to enter the world of work and/or to move to higher education, and to encourage self-development;
organise and manage own finances and activities responsibly and effectively;
apply principles to solve problems in a judicious and systematic manner in familiar and unfamiliar situations, thus developing the ability to identify and solve problems in the context of the various fields of Accounting;
develop critical, logical, and analytical abilities and thought processes to enable learners to apply skills to current and new situations;
develop the following characteristics: – ethical behaviour – sound judgement – thoroughness – orderliness – accuracy – neatness;
deal confidently with the demands of an accounting occupation manually and/or electronically.

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Accounting Grade 11 Assignments and memos

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Accounting(Grade 11)

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KZN March QP and Memo

LP March QP and Memo

LP June P1 and Memo

LP March QP and Memo

LP June P2 and Memo

KZN June P1 and Memo

KZN June P2 and Memo

GP June P1 and Memo

GP June P2 and Memo

NW June P1 and Memo

Ekurhuleni N SEPT QP & Memo

EC NOV P1 and Memo

EC NOV P2 and Memo

March QP and Memo

June QP and Memo

SEPT QP and Memo

Exemplar NOV P1 and Memo

Exemplar NOV P2 and Memo

GP NOV P1 and Memo

GP NOV P2 and Memo

EC NOV P1 and Memo

EC NOVP2 and Memo

April QP and Memo

Local April QP and Memo

June QP and Memo

Gauteng Sept QP + Memo

Gauteng NOV P1 and Memo

Gauteng NOV P2 and Memo

March QP and Memo

June P1 and Memo

June P2 and Memo

Sept QP and Memo

NOV QP 1 only

NOV P1 Memo only

NOV QP 2 only

NOV P2 Memo only

MARCH QP and MEMO

JUNE QP and MEMO

SEPT QP and MEMO

NOV QP and MEMO

MARCH QP and MEMO

MARCH DEPT QP and MEMO

JUNE QP and MEMO

SEPT QP and MEMO

MARCH QPand MEMO

MARCH COMMON QP and MEMO

JUNE QP and MEMO

JUNE DEPT QP and MEMO

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SEPT DEPT QP and MEMO

NOV QP and MEMO

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Cost Accounting Grade 11 Part 2
Grade 11 Accounting Term 1| CREDITORS RECONCILIATION Exam question
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Accounting Grade 11 Term 1: Bank Reconciliation Statement:
4. Gr 11 Accounting

COMMENTS

Case Study Questions Class 11 Accountancy With Answers
Chapter Wise Important Questions for Class 11 Accountancy with Answers. Class 11 Accountancy Part 1. Chapter 1 Introduction to Accounting. Chapter 2 Theory Base of Accounting. Chapter 3 Recording of Transactions - I. Chapter 4 Recording of Transactions - II. Chapter 5 Bank Reconciliation Statement. Chapter 6 Trial Balance and Rectification ...
Gr11 Case Study Term 3 2022 QP
accounting grade 11 school based assesment term case study question paper question topic marks suggested allocated time one periodic inventory 20 20 minutes. ... The case study should be administered in class under the supervision of the educator. Learners should not refer to any notes during the administration process.
Class 11 Accountancy Case Studies Questions
For students appearing for grade 11 exams from the Commerce stream, Accountancy is a prime subject. Accountancy is considered to be the most difficult of all other core subjects in the class 11 commerce stream. ... Part B, Financial Accounting _ II; Most of the case study questions are centered around the exercises of NCERT textbooks. It is ...
Accounting Case Study
ACCOUNTING GRADE 11 SCHOOL BASED ASSESSMENT TERM 3 CASE STUDY 2021 NOTE: The case study should be administered in class under the supervision of the educator. Learners should not refer to the notes during the administration process. This question paper consists of 7 pages QUESTION TOPIC MARKS TIME ALLOCATED 1 Budgets 52 47 minutes
Accounting Case Study Grade 11- Marking Guidelines 2021
CASE STUDY GRADE 11 ACCOUNTING GRADE 11 - 2021 SEPTEMBER CASE STUDY: MARKING GUIDELINES MARKS QUESTION 1 Budgets 52 QUESTION 2 Analysis and Interpretation of Financial Statements 48 TOTAL MARKS 100 100/2 = 50 These marking guidelines consist of 3 pages. QUESTION 1 Debtors' collection Schedule for July and August 2021 1. 1
11-ACC-MEMO-Case-Study-Term-3-2020-GO
GRADE 11 Case Study Term 3 2020 ACCOUNTING MARKING GUIDELINE (MEMORANDUM) MARKS: 100 GENERAL PRINCIPLES: 1 Where calculations are required, award full marks for the final answer. If the answer is incorrect, mark the workings provided. If the working amount is shown as a final answer, award the relevant marks allocated for workings (Income ...
PDF TASK 3.1 Ashley: Revision
New Era Accounting: Grade 11 4 Teacher's Guide TASK 3.3 Baseline assessment COLUMN A COLUMN B COLUMN A COLUMN B A 13 M 3 B 11 N 22 C 9 O 4 D 10 P 6 E 14 Q 8 F 15 R 2 G 17 S 20 H 18 T 1 I 21 U 7 J 19 V 12 K 23 W 5 L 16 TASK 3.4 Joe Duffy: Bank Statement and cash journals 3.4.1 Calculate the bank balance in the books of Joe Duffy.
Accountancy CBSE Class 11 Final Project Sample
This is a sample project for the CBSE Class 11 Accountancy. I did this last year for my class 11. Prepared Summary of Transactions, Journal Entries, Ledger Accounts, Trial Balance, Trading and Profict and Loss Account, Balance Sheet for an imaginary company. Story of the Project is given at the beginning. This is just for sample. Anyone can use ...
Grade 11 Accounting: Inventory Valuations and Cash Budget
View Assignment - 2022 GR 11 CASE STUDY QP-.pdf from ACCOUNTING 1601 at University of South Africa. CAPRICORN SOUTH DISTRICT GRADE 11 QUESTION PAPER ACCOUNTING TERM 3 TASK 5 CASE STUDY DATE OF
PDF Study & Master Accounting
Teacher's Guide 11Grade Study & Master SM_Accounting_11_TG_CAPS_ENG.indd 1 2012/08/07 3:07 PM. Accounting Study & Master Elsabé Conradie • Derek Kirsch • Mandy Moyce Grade 11 ... Case studies 105 Section 4 Notes/tips for teachers 109 Section 5 Powerpoint ...
CBSE Class 11 Accounts Chapter 1 Question Answers
The questions covered in the Class 11 Accountancy Chapter 1 Important Questions list include a comprehensive list of questions from the entire chapter, ensuring that solving them helps with the revision of the entire chapter. For students in Classes 1 through 12, Extramarks offers high-quality resources such as NCERT revision notes, CBSE sample ...
Grade 11 Accounting exam papers
Past exam papers for grade 11 Accounting. 2023-2012 past March, June, September, and November exam papers + memos. Available in Afrikaans and English. Download all question papers for free.
11 ACC CASE Study QP 2020
This is gr11 QP for the year 2020 alexander road high school september 2020 accounting go total 100 grade 11 sba case study instructions and information this. Skip to document. Ask AI. Sign in. Sign in Register. Home AI Questions. Ask AI ... Gr 11 Accounting P1 (English) November 2022 Possible Answers. Accounting 100% (2) 6. N. Period 4 1800 ...
Accounting Grade 11 Past Papers and Memos for 2021
This page contains the latest Accounting Grade 11 Past Papers and Memos for 2021. Content on this page will help you in your exams, tests, sba, assignments, and research tasks. Accounting focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such ...
Study and Master Accounting Study Guide Grade 11
Study & Master Accounting Grade 11 Study Guide for CAPS has been developed as an aid to support you throughout the school year. This study guide offers an overview of content required to master Accounting, and also: explains key concepts, guides you with introductory activities, includes "Test yourself" questions, with marks, to test your knowledge, provides exemplar papers for both the ...
Gr11 Case Study Term 3 2022 MG
ACCOUNTING GRADE 11 TERM 3 CASE STUDY MARKING GUIDELINES QUESTIO N TOPIC MARKS One Periodic Inventory 20 Two Cash Budget 40 TOTAL 60 60 ÷ 1 = 50. This marking guidelines consist of 5 pages. QUESTION ONE : PERIODIC INVENTORY. 1 List ONE advantage and disadvantage of the periodic system.
Grade 11 Accounting Flashcards
Study with Quizlet and memorize flashcards containing terms like Accounting, Activities of Accounting, Fundamental Accounting Equation and more. Fresh features from the #1 AI-enhanced learning platform.
GRADE 11 SBA WRITTEN REPORT QP 2019.docx
ACCOUNTING - GRADE 11 SBA - TASK 1 2019 ACCOUNTING SCHOOL-BASED ASSESSMENT GRADE 11 TERM 1- WRITTEN. AI Homework Help. ... Integrated Audit Practice Case #8 - Recommended Solution.pdf. Aurora University. ACC 4410. 2019 SBA GRADE 12 Written Report QP (1) (1).docx ... Upload your study docs or become a member. View full document. Related Q&A
Accounting Grade 11 Past Papers and Memos for 2020
This page contains the latest Accounting Grade 11 Past Papers and Memos for 2020 in pdf downloadable format. Content on this page will help you in your exams, tests, sba, assignments, and research tasks. Accounting focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour ...
Gr 11 Case Study 2023 STUDY INFO.pdf
8/28/2023. View full document. GRADE 11 ACCOUNTING - Study Information GRAAD 11 REKENINGKUNDE- Studie Inligting Date of Assessment: Datum van Assessering: 30 /08 / 2023 Assessment Type: Assessering Soort: Case Study Gevallestudie Duration: Tyd: 1 hour 1 uur Total/Totaal: 50 TOPIC / ONDERWERP RESOURCE /BRON Cash Budgets: • Debtors Collection ...
11 ACC MEMO Case Study Term 3 2020 GO
GRADE 11 Case Study Term 3 2020 ACCOUNTING MARKING GUIDELINE (MEMORANDUM) MARKS: 100 GENERAL PRINCIPLES: 1 Where calculations are required, award full marks for the final answer. If the answer is incorrect, mark the workings provided. If the working amount is shown as a final answer, award the relevant marks allocated
Accounting Grade 11 SBA Tasks and Memos
Accounting Grade 11 is completed in 4 terms in a year: Term 1, Term 2, Term 3, and Term 4. It is done in all South African Provinces such as: Gauteng, Free State, Limpopo, North West, Mpumalanga, Western Cape, Northern Cape, Eastern Cape, and Kwazulu Natal. Accounting Grade 11 is done in English and Afrikaans languages, and consist of Paper 1 ...
Accounting exam papers and study Notes for grade 11
SEPT QP and MEMO. NOV QP and MEMO. STUDY NOTES. Exam papers and Study notes for accounting. Grade 11. Download free question papers and memos. Study notes are available as well.

Case Study Questions Class 11 Accountancy With Answers

Class 11 Accountancy Case Study Questions and Answers

Chapter Wise Important Questions for Class 11 Accountancy with Answers

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Important Questions for CBSE Class 11 Accounts Chapter 1 – Introduction to Accounting

Access CBSE Class 11 Accounts Chapter 1 Questions and Answers

Accountancy Class 11 Important Questions and Answers

Question 1. What is Accounting? Define its objectives?

Question 2. The art of recording all business transactions in a systematic manner in a set of books is called-

Question 3. Cash, goods or assets invested by the proprietor in the business for earning profit is called-

Question 4. Define Debtors and Creditors of the company

Question 5. Mention 2 Differences between Accounting and Accountancy.

Question 6. Explain the qualitative characteristics of Accounting?

Question 7. Who are the users of accounting information?

Question 8. Enumerate informational needs of management

Question 9. Giving examples, explain each of the following accounting terms:

Question 10. What are the 3 advantages of accounting?

Question 11. Define revenues and expenses.

Question 12. Define the branches of accounting.

Question 13. Describe the role of accounting in the modern world.

Question 14. Differentiate between profit and gain.

Question 15. Fill in the blanks

Benefits of solving Class 11 Accountancy Chapter 1 Important Questions

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Chapter 3 - Recording of Transactions– 1

2. What are the important chapters covered in Class 11 Accountancy?

3. What standout characteristics do Extramarks have for Important Questions Class 11 Accountancy Chapter 1?

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No June Exams was written due to covid

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Accounting Grade 11 SBA Tasks and Memos

Topics in the Accounting CAPS curriculum.

List of Accounting Grade 11 SBA Tasks and Memos

2021 Annual Teaching Plan: Accounting Grade 11

Browse Accounting Courses to study after Matric in South Africa

Accounting Grade 11 Assignments and memos

Accounting Grade 12 Past Papers and Memos for 2021

Accounting Grade 10 Essays Topics

Accounting Grade 10 SBA Tasks and Memos

Accounting Grade 11 Tests

Hospitality Studies Grade 12 June Question Papers and Memos pdf Download

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