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CODE-241506010121

ENTREPRENEURSHIP-CLASS XI

TOPIC-BUSINESS FINANCE AND ARITHMETIC

SUB TOPIC- INTRODUCTION TO ACCOUNTING AND CASH REGISTER
Sl. No Questions Marks
1. Accounting is termed as 'language of business'. Why? 1

2. The importance of ....... in business is similar to that of blood in 1
the human body.

3. A notebook in which we write to keep track of all the daily 1
transactions which happens in the business is called as the ....... .

4. 'When you sell your product but the buyer does not pay money 1
immediately', it is known as?

5. Sometimes, when the businesses have trust in people, cash does 1
not cross hands but instead they are given what is called ......?

6. What do you mean by cash inflow and cash outflow ? 2

7. A cash register can be maintained in two formats. What are they? 2

8. What is a cash register? Why is it important for any business? 3

9. What are credit transactions? Give two forms of credit 3
transactions.

10. Where would you record the following transactions in a two 4

column cash book?

11 Explain the meaning of inflow and outflow of cash with the help 6

of examples.