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CLASS – XI
ACCOUNTANCY

Home Assignment

1. Accounting __________ the transactions and events in terms of money
2. Accounting records only those transactions and events which are of
_______ nature

3. ___________ the financial data to the users on time is the final step of
Accounting
4. Balance Sheet determine the ________ position

5. Bookkeeping provides the:
(A) Primary information
(B) Secondary information
(C) Final information
(D) None of these

6. _______ is a part of Accounting

7. _______ primary stage of accounting

8. _______ second stage and begins where book-keeping ends.

9. Accounting records of a business enterprise is required by:
(A) Management of the business
(B) Outsiders
(C) BOTH A & B
(D) None of these

10. To control the cost of production and distribution is the main field of:
(A) Financial Accounting

(B) Cost Accounting
(C) Auditing
(D) None of these

11. Double Entry means:
(A) Entry for the two aspects of books

(B) Entry at two dates
(C) Entry in two aspects of transaction
(D) All of the above