Accountancy Unit Test Paper

KENDRIYA VIDYALAYA CME PUNE – 31

ACADEMIC YEAR 2011 - 2012

I UNIT TEST

CLASS XI B

SUBJECT:ACCOUNTANCY                                                   MAX.MARKS: 40

DATE: 25.07.2011

Q.1 Answer in one word for the following:  ( 1 x 5 )

1. Information in financial reports is based on:

2. The process of accounting starts with:

3. Group outside the business entity who uses the information to make decision about the business activity:

4. Qualitative characteristics of accounting information is reflected when accounting information is clearly presented:

5. Full form of GAAP :

Q.2 Name branches of accounts.  ( 3 )

Q.3 Define accounting (3)

Q.4 Explain business entity concept. ( 3)

Q.5 Explain the term: ( 2 x 5)

  a. capital  b. assets  c. debtors  d. vouchers   e. drawings 

Q.6 Classify the assets : Stock, Furniture, Motor Car and Debtor  (2)

Q.7 Mention two types of liabilities with example. (2)

Q.8 Explain the objective of accounting. (6)

Q.9 Explain the qualitative characteristics of Accounting information. (6)

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