Accountancy Suggestions for Class 11 | WBCHSE – 2022

In this article, we will point out the most important theory questions and problems of Accountancy i.e. Accountancy Suggestions for WBCHSE Class 11.

ACCOUNTANCY – 2022

Class – XI

Day Books [4 Marks x 1 problem]

Practice Sales Day Book and Purchases Day Book (with Trade discount, CGST, SGST, IGST, Packing charges, Forwarding charges)

Bank Reconciliation Statement [4 Marks x 1 problem]

Practice BRS starting with Bank balance as per Pass book.

Trial Balance [4 Marks x 1 problem]

Practice redrafting Trial Balance from given trial balance

Practice the following items very well:

Closing stock, Outstanding expenses, Prepaid expenses, Accrued incomes, Pre-received incomes, Reserve, Provision, Purchases return, Sales return.

Remember : Closing stock will not appear in Trial balance if there is no Adjusted purchases or Materials consumed, or Cost of goods sold.

Computers in Accounting [4 Marks x 1 theory]

(i) Advantages of Computerised Accounting.

(ii) Features of Computerised Accounting.

(iii) Limitations of Computerised Accounting.

Cash Book[6 Marks x 1 problem]

Practice Double column Cash Book with the following transactions:

(i) Cheque received but not deposited into bank that day.

(ii) Contra entries:

• Cash/Cheque deposited into bank.
• Cash withdrawn from bank.

(iii) Paid expenses in full settlement.

(iv) Received income in full settlement.

(v) Dishonour of cheque.

(vi) Interest on overdraft charges by bank.

(vii) Deposited all cash into bank excess ₹ 2,000.

Read Also:

Business Studies Suggestions for Class 11 (WBCHSE – 2022)

Costing and Taxation Suggestions for Class 11 (WBCHSE – 2022)

Economics Suggestions for Class 11 (WBCHSE – 2022)

Not for Profit organisations [Problem or Theory]

Problem [6 Marks x 1 problem]

Practice Income and Expenditure Account with the following adjustments:

(i) Subscription (Accrued opening, Accrued closing, Pre-received opening, Pre-received closing adjustments)

(ii) Outstading and prepaid expenses.

(iii) Accrued and pre-received incomes.

(iv) Depreciation on fixed assets [Furniture, Books, Computer, Billiard Table, Sports Equipments etc.]

(v) Donation and Entrance Fees/ Admission fees partly capitalised.

(vi) Donation for specific fund (e.g. Donation for Building Fund)

Remember: Donation is a revenue income but Donation for a specific fund is a capital income.

OR,

Theory [6 Marks x 1 theory]

(a) Characteristics of Income and Expenditure Account

(b) Differences between Income & Expenditure Account and Profit & Loss Account

(c) Differences between Receipts and Payments Account and Income and Expenditure Account

Single Entry System [Problem or Theory]

Problem [6 Marks x 1 problem]

Practice determination of Credit sales or Cash Sales (Problem of Year 2017).

OR,

Theory [6 Marks x 1 theory]

(a) Difference between Balance Sheet and Statement of Affairs.

(b) What do you mean by Single Entry System? State the limitations of Single Entry System.

Final Accounts [10 Marks x 1 problem]

Practice Final Accounts problem with the following adjustments:

1. Closing Stock (Cost price and Market price both are given).
2. Depreciation on fixed assets.
3. Bad debt written off.
4. Provision for bad debt.
5. Outstanding expenses, Accrued income.
6. Prepaid expenses.
7. Goods destroyed by fire and insurance claim received against it.
8. Credit purchases not recorded.
9. Credit sales not recorded.

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