11th Accountancy - Book Back Answers - Unit 13 - English Medium Guides

 

 

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Tamil Nadu Board 11th Standard Accountancy - Unit 13 : Book Back Answers and Solutions

    This post covers the book back answers and solutions for Unit 13 – Accountancy from the Tamil Nadu State Board 11th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Accountancy Unit 13 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Unit 13 : Final Accounts Of Sole Proprietors - II

I. Multiple Choice Questions.

1. A prepayment of insurance premium will appear in
(a) The trading account on the debit side
(b) The profit and loss account on the credit side
(c) The balance sheet on the assets side
(d) The balance sheet on the liabilities side
Answer Key:
(c) The balance sheet on the assets side

2. Net profit is
(a) Debited to capital account
(b) Credited to capital account
(c) Debited to drawings account
(d) Credited to drawings account
Answer Key:
(b) Credited to capital account

3. Closing stock is valued at
(a) Cost price
(b) Market price
(c) Cost price or market price whichever is higher
(d) Cost price or net realisable value whichever is lower
Answer Key:
(d) Cost price or net realisable value whichever is lower

4. Accrued interest on investment will be shown
(a) On the credit side of profit and loss account
(b) On the assets side of balance sheet
(c) Both (a) and
(d) None of these
Answer Key:
(c) Both (a) and

5. If there is no existing provision for doubtful debts, provision created for doubtful debts is
(a) Debited to bad debts account
(b) Debited to sundry debtors account
(c) Credited to bad debts account
(d) Debited to profit and loss account
Answer Key:
(d) Debited to profit and loss account

II. Very Short Answer Questions.

a

III. Short Answer Questions.

a

IV. Answer the following questions in about a page.

a