11th Accountancy - Book Back Answers - Unit 2 - English Medium Guides

 

 

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Tamil Nadu Board 11th Standard Accountancy - Unit 2 : Book Back Answers and Solutions

    This post covers the book back answers and solutions for Unit 2 – 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 2 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 2: Conceptual Framework Of Accounting

I. Multiple Choice Questions.

1. The business is liable to the proprietor of the business in respect of capital introduced by the person according to
(a) Money measurement concept
(b) Cost concept
(c) Business entity concept
(d) Dual aspect concept
Answer Key:
(c) Business entity concept

2. The concept which assumes that a business will last indefinitely is
(a) Business Entity
(b) Going concern
(c) Periodicity
(d) Conservatism
Answer Key:
(b) Going concern

3. GAAPs are:
(a) Generally Accepted Accounting Policies
(b) Generally Accepted Accounting Principles
(c) Generally Accepted Accounting Provisions
(d) None of these
Answer Key:
(b) Generally Accepted Accounting Principles

4. The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of:
(a) Materiality
(b) Money measurement
(c) Conservatism
(d) Accrual
Answer Key:
(c) Conservatism

5. In India, Accounting Standards are issued by
(a) Reserve Bank of India
(b) The Cost and Management Accountants of India
(c) Supreme Court of India
(d) The Institute of Chartered Accountants of India
Answer Key:
(d) The Institute of Chartered Accountants of India

II. Very Short Answer Questions.

a

III. Short Answer Questions.

a

IV. Answer the following questions in about a page.

a