Important Questions for CBSE Class 11 Accountancy

Chapter-Wise Important Questions for CBSE Class 11 Accountancy

Important Questions for CBSE Class 11 Accountancy: A Guide to Effective Preparation

CBSE Class 11 Accountancy lays the foundation for students aspiring to pursue a career in commerce and finance. The subject primarily focuses on financial accounting, business transactions, and the preparation of various financial statements. To excel in this subject, it's essential to focus on key topics and important questions that frequently appear in the exams. Here’s a comprehensive guide to help students prepare effectively for the CBSE Class 11 Accountancy exam.

  1. Introduction to Accounting
    The first chapter of Accountancy introduces students to the basic principles and concepts of accounting. Expect questions on the meaning and objectives of accounting, types of accounts, and the rules of debit and credit. Students should also focus on understanding the different branches of accounting, including financial, cost, and management accounting. Additionally, questions related to the types of accounting transactions and the role of accounting in business will often appear. Go through the NCERT Textbooks and solve questions with the help of the NCERT solutions for class 11.

  2. Theory Base of Accounting
    This section deals with the theoretical framework of accounting. Key concepts such as accounting standards, principles, and conventions should be understood thoroughly. Students should be prepared for questions about the importance of accounting principles, such as the accrual basis of accounting and the consistency principle. The distinction between cash and accrual accounting is also a common topic.

  3. Recording of Transactions
    Recording business transactions in journals is a fundamental part of accounting. Students must be well-versed in journalizing various types of transactions, including cash transactions, credit transactions, and adjustment entries. Expect questions on the preparation of journal entries, ledgers, and posting to the trial balance. Students should practice recording transactions accurately and understanding the flow of transactions in the accounting cycle.

  4. Preparation of Financial Statements
    This is one of the most important areas of study in Class 11 Accountancy. Students must be prepared to prepare the Profit and Loss Account and the Balance Sheet. Questions often include adjustments like depreciation, outstanding expenses, accrued income, and provisions for doubtful debts. Students should understand how to classify and adjust these items to arrive at the correct financial position of a business.

  5. Bank Reconciliation Statement (BRS)
    Bank reconciliation is another crucial topic. Students should practice solving problems related to the preparation of a Bank Reconciliation Statement. Expect questions that ask you to reconcile the bank balance as per the cash book and the passbook. Common items to focus on include cheques issued but not cleared, deposits in transit, and bank charges.

  6. Depreciation, Provisions, and Reserves
    Understanding the concept of depreciation, provisions, and reserves is vital. Students should be familiar with different methods of calculating depreciation, such as the straight-line method and the diminishing balance method. Questions may ask for the calculation of depreciation, along with related journal entries and adjustments.

By focusing on these important areas and practicing various problems and sample papers, students can enhance their preparation for the CBSE Class 11 Accountancy exam. Regular practice and a clear understanding of key concepts will help students score high marks and build a solid foundation for future studies in commerce and accounting.

Chapter-Wise Important Questions For Class 11 Accountancy (Download the PDF) 

S.no.Chapter-Wise Important Questions for CBSE Class 11 Accountancy
1.Chapter 1-Introduction to Accounting
2.Chapter 2-Theory Base of Accounting
3.Chapter 3-Recording of Transactions – 1
4.Chapter 4-Recording of Transactions – 2
5.Chapter 5-Bank Reconciliation statement
6.Chapter 6-Trial Balance and Rectification of Errors
7.Chapter 7-Depreciation, Provisions and Reserves
8.Chapter 8-Bills of Exchange
9.Chapter 9-Financial Statements-1
10.Chapter 10-Financial Statements – 2
11.Chapter 11-Accounts of Incomplete Records
12.Chapter 12-Applications of Computers in Accounting
13.Chapter 13-Computerised Accounting System
14.Chapter 14-Structuring Database for Accounting
15.Chapter 15-Accounting System Using Database Management System

Important Questions for CBSE Class 11 Accountancy: Key Topics for Exam Success

Carefully go through the content given in the Important questions on accountancy. Firstly you are required to understand the concept of the chapters, which are given in a summary format in the Important questions. Then underline and highlight all the important points from the examination point of view.

Benefits of solving Important questions for class 11 Accountancy

 1. If you solve the Important questions, you would be able to understand the difficult concepts in a much better manner as it provides useful information about the topic. 

2. Once you complete your Important questions on accountancy, you would be able to quickly recall the important points and the summary of the chapters.

3. Accountancy Important questions help students to understand the business language and monetary factors and events.

 4. The Important questions will contain not only the summary of the chapter but also all the important points and conceptual knowledge, which will help students to understand the subject.

 5. A lot of short question answers as well as long question answers would be solved in the Important questions, and at the end would be some unsolved questions which you would be given for practice work so that you can get maximum marks in your examinations. 

6. Accountancy is a subject that requires practice, and only with practice can you gather a mastery's on the subject.

CBSE Class 11 Accountancy Academic Resources

Class 11 Accountancy NCERT Solutions | Questions | MCQs