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HSC Arts (English Medium) 11th Standard - Maharashtra State Board Question Bank Solutions

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Answer in One Sentence.

What is meant by Goods?

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

Answer in One Sentence:

What is meant by Goods?

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

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Answer in One Sentence:

What is meant by Goods?

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

Answer in One Sentence:

What is meant by Goods?

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

Select the most appropriate alternative from the given below and rewrite the statement.

A commodity in which a trader deals is known as _______________.

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

State whether the following statement is true or false with reasons:

Accounting is the language of business.

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

State whether the following statement is true or false with reasons:

In civilization, accounting was done by owners.

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

Do you agree or disagree with the following statement:

Accounting is useful only to the owner.

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

Do you agree or disagree with the following statements :

Totalling of Journal or Ledger is called as casting.

[1] Introduction to Book-Keeping and Accountancy
Chapter: [1] Introduction to Book-Keeping and Accountancy
Concept: undefined >> undefined

Answer in one sentence only
What is Ledger Posting?

[4] Ledger
Chapter: [4] Ledger
Concept: undefined >> undefined

Answer in one sentence only
Where is the statement form of ledger A/c is used in actual practice?

[4] Ledger
Chapter: [4] Ledger
Concept: undefined >> undefined

Write the word, term, phrase, which can substitute the statement.
Transferring a journal entry to the appropriate accounts in the ledger.

[4] Ledger
Chapter: [4] Ledger
Concept: undefined >> undefined

Write the word, term, phrase, which can substitute the statement.
Page number of the Ledger to which an entry is posted.

[4] Ledger
Chapter: [4] Ledger
Concept: undefined >> undefined

Write the word, term, phrase, which can substitute the statement.
An account to be debited for goods damaged by fire.

[4] Ledger
Chapter: [4] Ledger
Concept: undefined >> undefined

Answer the following question in one sentence:

State the meaning of 'Contra entry'.

[5] Subsidiary Books
Chapter: [5] Subsidiary Books
Concept: undefined >> undefined

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

Any entry recorded on both sides of Cash Book is known as ______ entry

[5] Subsidiary Books
Chapter: [5] Subsidiary Books
Concept: undefined >> undefined

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

Direct deposit made by customer into our bank is recorded in the ______ side of the Cash Book.

[5] Subsidiary Books
Chapter: [5] Subsidiary Books
Concept: undefined >> undefined

Complete the following sentence:

Double column Cash Book records transactions relating to cash and ______

[5] Subsidiary Books
Chapter: [5] Subsidiary Books
Concept: undefined >> undefined

Complete the following sentence:

Credit balance shown by a bank column in Cash Book is ______

[5] Subsidiary Books
Chapter: [5] Subsidiary Books
Concept: undefined >> undefined

Answer in One Sentence only:

What is a ‘Scrap Value’ of an asset?

[7] Depreciation
Chapter: [7] Depreciation
Concept: undefined >> undefined
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