Maharashtra State BoardHSC Commerce 11th
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Question Bank Solutions for HSC Commerce 11th - Maharashtra State Board

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Answer in One Sentence:

What is Book-keeping?

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

Answer in One Sentence:

What is meant by Goods?

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

Give the word term or phrase which can substitute the following statement:

Recording of business transactions.

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

Give the word term or phrase which can substitute the following statement:

Amount invested in business by the proprietor.

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

Give the word term or phrase which can substitute the following statement:

A person to whom amount is payable.

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

Give the word term or phrase which can substitute the following statement:

Exchange between two persons.

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

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

Book-keeping and accounting are one and the same thing.

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

Do you agree or disagree with the following statements :

Book-keeping is an art, science and profession.

[0.01] Introduction of Book-keeping and Accountancy
Chapter: [0.01] Introduction of Book-keeping and Accountancy
Concept: Book-keeping-An Introduction

Answer in one sentence only:

What is Double Entry System?

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

Write one word/term or phrase which can substitute the following statement.

Method of Accounting which records both aspects of the transaction.

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

Write one word/term or phrase which can substitute the following statement.

Person who invented the Double Entry System.

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

Write one word/term or phrase which can substitute the following statement.

Scientific system of recording business transactions.

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

State whether the following statement is True or False with reasons:

Every debit has equal and corresponding credit.

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

Fill in the blank:

Increase in asset is debited and decrease in asset is ______

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

Fill in the blank:

Scientific and complete system of recording is known as ______

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

Fill in the blank:

Every transaction has ______ effect.

[0.02] Meaning and Fundamentals of Double Entry Book-keeping
Chapter: [0.02] Meaning and Fundamentals of Double Entry Book-keeping
Concept: Study of Double Entry Book-keeping System

Fill in the blank:
There are _______ parties to a cheque

[0.06] Bank Reconciliation Statement
Chapter: [0.06] Bank Reconciliation Statement
Concept: Accounting Documents

Fill in the blank:
There are _______ parties to a cheque

[0.03] Journal
Chapter: [0.03] Journal
Concept: Accounting Documents

Fill in the blank:
The _______ cheque is more safe than other cheques as it cannot be encashed on the counter of the bank.

[0.06] Bank Reconciliation Statement
Chapter: [0.06] Bank Reconciliation Statement
Concept: Accounting Documents

Fill in the blank:
The _______ cheque is more safe than other cheques as it cannot be encashed on the counter of the bank.

[0.03] Journal
Chapter: [0.03] Journal
Concept: Accounting Documents
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Question Bank Solutions for HSC Commerce 11th Maharashtra State Board. You can further filter Question Bank Solutions by subjects and topics. Solutions for most of the questions for Maharashtra State Board can be found here on Shaalaa.com. You can use these solutions to prepare for your studies and ace in exams. Solving questions is a great way to practice and with Shaalaa.com, you can answer a question and then also check your answer with the solutions provided.
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