TRINITY ACADEMY MAT.HR.SEC.
SCHOOL,
NAMAKKAL-2
ACCOUNTANCY
IMPORTANT QUESTIONS FOR PUBLIC EXAMINATION
Class: XI-Std
2 MARKS
1. Define Accounting.
2. List any two functions of accounting. (any 2 points)
3. Who are the parties interested in accounting information?
4. Name any two bases of recording accounting information.
5. What are the objectives of accounting?
6. What is meant by Merger?
7. What are the branches of accounting?
8. Who is Public Relation Officer?
9. Define Book-keeping.
10. Briefly explain about realisation concept.
11. What is “Full Disclosure Principle” of accounting.
12. What is meant by Accounting concepts?
13. What is meant by Money Measure Concept?
14. What is meant by Going concern concept?
15. What is Source documents?
16. Write any one transaction which
(a) Decreases the assets and decreases the liabilities
(b) Increases one asset and decreases another asset
17. What is Real account?
18. How are personal accounts classified?
19. Give the golden rules of double entry accounting system.
20. What is meant by National Electronic Fund Transfer (NEFT)?
21. What is meant by Real Time Gross Settlement (RTGS)?
22. What is meant by Credit card?
23. What is meant by Cash Deposit Machine (CDM)?
24. What is meant by Automatic Teller Machine (ATM)?
25. What is meant by Narration?
26. What is Ledger?
27. What is meant by Posting?
28. What is debit balance?
29. What is meant by Compound entry?
30. What is meant by Suspense account?
31. Mention four types of subsidiary books.
32. Define Bills of exchange.
33. Mention four types of subsidiary books.
34. Define Bills of exchange.
35. What is Cash book?
36. What are the different types of Cash book?
37. Give the format of Single Column cash book.
38. Give the format of Double Column cash book.
39. What is cash discount?
40. What are the types of Petty cash book?
41. What is meant by Bank overdraft?
42. What is Bank Reconciliation Statement?
43. State any two causes of disagreement between the balance as per bank column
of cash book and bank statement.
44. Give any two expenses which may be paid by the banker as per standing instruction.
45. Substitute the following statements with one word/phrase.
(a) A copy of customer’s account issued by the Bank
(b) Debit balance as per bank statement
(c) Statement showing the causes of disagreement between the balance asper
cash book and balance as per bank statement
46. What is meant by rectification of errors?
47. What is meant by error of principle?
48. What is meant by error of partial omission?
49. What is meant by error of complete omission?
50. What is meant by depreciation?
51. List out the various methods of depreciation.
52. Give the formula to find out the amount and rate of depreciation under straight
line method of depreciation.
53. Define Depreciation.
54. What is meant by Revenue expenditure?
55. What is Capital expenditure?
56. What is meant by Deferred revenue expenditure?
57. What are wasting assets?
58. What are fixed assets?
59. Name any two direct expenses and indirect expenses.
60. Mention any two differences between trial balance and balance sheet.
61. What is meant by Octroi duty?
62. What are the methods of drafting a balance sheet?
63. What is outstanding expenses?
64. What is prepaid expenses?
65. What are accrued incomes?
66. What is CAS?
67. What is Hardware?
68. What is meant by Software?
69. What is accounting software?
70. Name any two accounting packages.
71. Give any two examples of readymade software.
72. What is Coding?
73. What are mnemonic codes?
74. Write an example of Operating system software.
75. Write an example of Programming software.
76. Write an example of Utility software.
77. Write an example of General purpose software.
78. Write an example of Specific purpose software.
79. List out the advantages of Computerised Accounting System. (any two)
80. List out the limitations of Computerised Accounting System.
3 & 5 MARKS
1. Discuss briefly the branches of accounting.
2. Discuss in detail the importance of accounting. (any 5)
3. Why are the following parties interested in accounting information?
4. Discuss the role of an accountant in the modern business world. (any 5)
5. Discuss briefly the branches of accounting.
6. Discuss in detail the importance of accounting. (any 5)
7. Why are the following parties interested in accounting information?
8. Discuss the role of an accountant in the modern business world. (any 5)
9. What is an Account? Classify the accounts with suitable examples.
10. What are the three different types of Personal accounts?
11. Distinguish between journal and ledger. (any 5)
12. What is ledger? Explain its utilities?
13. What are the objectives of preparing trial balance?
14. What are the limitations of trial balance?
15. Give the format of purchase book.
16. What are the advantages of subsidiary books? (any 5)
17. Bring out the difference between cash discount and trade discount.
18. Give any three reasons for preparing bank reconciliation statement.
19. What are the errors not disclosed by a trial balance?
20. What are the errors disclosed by a trial balance?
21. What are the objectives of providing depreciation?
22. What are the causes for depreciation?
23. What are the objectives of providing depreciation?
24. What are the causes for depreciation?
25. Give the adjusting entries for interest on capital and interest on drawings.
(a) Interest on Capital (b) Interest on Drawings
26. What are the various types of accounting software?
27. Mention any three limitations of computerized accounting system.
28. List out the various reports generated by computerized accounting system.
29. State the input and output devices of a computer system.
30. List out the advantages of Computerised Accounting System.
IMPORTANT PROBLEMS
LESSON - 3
Illustration : 1, 2, 3, 4, 5, 6, 7, 11
Exercise: 1, 2, 3, 4, 7, 8, 10, 12 and Student activity
LESSON - 4
Illustration : 1, 3, 5, 6
Exercise: 1, 2, 4, 6, 7, 8, 10, 11
LESSON - 5
Illustration : 1, 2, 3, 4
Exercise: 1, 2, 3, 4, 5, 6
LESSON - 6
Illustration : 1, 2, 4, Page 115 (Example)
Exercise: 1, 2, 3, 5, 7
LESSON - 7
Illustration : 1, 2, 3, 4, 6
Exercise: 1, 2, 3, 4, 5, 8
LESSON - 8
Illustration : 1, 3, 4, 5, 6, 7
Exercise: 1, 2, 3, 6, 8, 9
LESSON - 9
Illustration : 1, 2, 3, 4, 5, 6, 7, 8, 12
Exercise: 1, 2, 3, 4, 5, 6, 8, 9, 10
LESSON – 10
Illustration : 1, 2, 3, 4, 5, 6, 8, 10
Exercise: 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14
LESSON - 11
Illustration : 1, 2, 3, 4, 5, 6
Exercise: 1,2, 3, 4, 5, 6, 7
LESSON - 12
Illustration : 1, 2, 3, 4, 5, 6, 7, 8, 9
Exercise: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11
LESSON - 13
Illustration : 1, 2, 3, 4, 6, 8, 9, 12, 13
Exercise: 1, 2, 3, 5, 6, 9, 10, 11
