Ncert Solutions For Class 11 Accountancy Financial Accounting 1 Ncert solutions for class 11 financial accounting – recording of transactions i short answer type questions q1. state the three fundamental steps in the accounting process. answer : the fundamental steps in the accounting process are diagrammatically presented below. q2. why is the evidence provided by source documents important to accounting? answer : the evidence provided […]. Long answers for ncert solution for class 11 accountancy chapter 3 – recording of transactions – 1. 1. describe the events recorded in accounting systems and the importance of source documents in those systems. events that are recorded into the accounting system are those events that can be measured in monetary terms.
Ncert Solutions For Class 11 Financial Accounting Recording Of Step 3: enter the name of the account as ‘machinery account’ (which is debited in the entry) in the ‘particulars’ column in the credit side of the ‘machinery account’. step 4: enter the page number of the journal where the entry is recorded in the ‘j.f.’ (journal folio) column. Ncert solutions for class 11 accountancy part 1. ncert solutions for class 11 accountancy part 1 financial accounting. 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. Using ncert class 11 accountancy (financial accounting 1) solutions recording of transactions i exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter wise and also page wise. the questions involved in ncert solutions are essential questions that can be asked in the final exam. Short answers for ncert accountancy solutions class 11 chapter 4. 1. briefly state how the cash book is both journal and a ledger. a cash book functions as a journal because it is the original book of entries where all transactions are first recorded, just like a journal, and it functions as a ledger, as it records the credit and debit cash.
Ncert Solutions For Class 11 Financial Accounting Recording Of Using ncert class 11 accountancy (financial accounting 1) solutions recording of transactions i exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter wise and also page wise. the questions involved in ncert solutions are essential questions that can be asked in the final exam. Short answers for ncert accountancy solutions class 11 chapter 4. 1. briefly state how the cash book is both journal and a ledger. a cash book functions as a journal because it is the original book of entries where all transactions are first recorded, just like a journal, and it functions as a ledger, as it records the credit and debit cash. Accountancy class 11 chapter 4 recording of transactions 2 deals with preparation, posting and recording of business transactions in different accounts like cash book, a ledger account, journal accounting, etc. the recording is a major accounting element in accountancy which helps maintain and store books with financial details. Answer: test your understanding – iii. choose the correct answer: 1.the ledger folio column of journal is used to: (a) record the date on which amount posted to a ledger account. (b) record the number of ledger account to which information is posted. (c) record the number of amounts posted to the ledger account.
Ncert Solutions For Class 11 Financial Accounting Recording Of Accountancy class 11 chapter 4 recording of transactions 2 deals with preparation, posting and recording of business transactions in different accounts like cash book, a ledger account, journal accounting, etc. the recording is a major accounting element in accountancy which helps maintain and store books with financial details. Answer: test your understanding – iii. choose the correct answer: 1.the ledger folio column of journal is used to: (a) record the date on which amount posted to a ledger account. (b) record the number of ledger account to which information is posted. (c) record the number of amounts posted to the ledger account.
Ncert Solution For Class 11 Accountancy Chapter 4 Recording Of
Comments are closed.