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10 More Questions in Accountancy-Class XI-Recording of Transactions-III

accountancyThird set of 10 questions on Accountancy-Class XI-Recording of Transaction . The accountancy  is the process of communicating financial information about a business entity to users such as shareholders and managers.  The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing. The recording of financial transactions is also known as Bookkeeping.

Accountancy : Recording of Transaction

Transactions include sales, purchases, income, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. There are broadly two types of  bookkeeping such as the Single-entry bookkeeping system and the Double-entry bookkeeping system.

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Comments ( 24 )

  1. i am in class xi cbse i want to become a lawyer….now i want to know that should i take maths or information pratices in class xi…….which will be more useful……considering clat exam and law…… cousin said that maths only till class x comes in the clat exam is that so????????

  2. I’m not interested in Big 4 as I don’t feel part of the culture. Also generally I am more comfortable around smaller numbers of people. But how can I find a good small accountancy firm in London? Anyone got recommendations?

    I want to train for the ACA and gain relevant experience in audit/tax/advisory etc.

    Do you think Big 4 is the only option for excellent training?

  3. I’m considering a career in accountancy and would like to know the pros and cons of having a career in accountancy and generally what the job involves?

  4. what exactly does an accountant do?

    what A levels would i need to go to university and become an accountant?

  5. I studied accountancy in polytechnic and i have my higher national diploma[HND] in 1997 .I proceeded to Nigeria college of accountancy, Jos to pursuit my professional examination in which i qualified in 2003 as certified National Accountant under umbrella of Association of National Accountants of Nigeria[ANAN].Now as a chartered Accountant i want to fit in to every situation i may find myself.Presently i am working with office of auditor general for FCT area councils ,Abuja.Please what is the less costly way to fit in as a professional Accountant.

  6. i have wrote one of these about 1 hr ago about accountancy, but decided to do a new one.

    what i want to ask now, is when i actually become qualified as an accountant what type of other jobs could i go into and how?

  7. veronica moreno
    May 21, 2012 at 9:17 AM

    I want to know that whether the Pradeep’s books are best for class XI cbse or there are any other book best for Physics and chemistry for theory and numericals?

  8. I’m planning on visiting small local accountancy firms to enquire about any vacancies they have or if I may be able to do some work experience for them as I’m attempting to get into the field.

    I’m just a little unsure of who to approach in these firms, so who would be best to ask for? I just wish to introduce and approach them myself as professionally as I!

    These are very small businesses.. one’s with but a few people running the business.. there wouldn’t be an HR department.

  9. From board point of view,which is the best book for CBSE class XI and XII COmputer Science.?
    Also, let me know about sample papers for the same

  10. Dulce Valenzuela
    June 20, 2012 at 3:07 PM

    Other than the normal CA of ICAI is there any other accountancy degree recognised in India?I am based abroad and am planning to do an accountancy course but just in case I decide to settle in India want to make sure that would be able to practice/work in india

  11. Also, would the accountancy degree help me pay for law school? Thank you.

  12. Macy Winebrenner
    June 26, 2012 at 4:13 PM

    I gratuated in accountancy in Finland 7 years ago. after that I worked as a bookkeeper for 1.5 years. moved to London to work in catering and in last one year have done lots of accountancy work for my present job using Sage Line 50 and would love to have a career in accountacy and learn more.

  13. I have studied in state board from 8th to 10th. And i have changed to cbse in XI. i feel it very difficult to study in cbse now.I have got only 57% in Ist term exam.please help

  14. My cousin is going to be applying for a course and she needs to know the difference between accountancy accounting.

  15. I am looking into doing an accountancy qualification, I currently hold an honours degree in Law and I don’t want to do another year at university but I am getting confused between all the different courses. What is the main difference between AAT, ACCA and CIMA? Which is the best one to do?

  16. PLz give this information fast!

  17. Can you tell me how and where to find class eleven cbse exam papers that are solved? I need the Chemistry and Biology papers urgently, and can do with Physics too.
    Do you think it helps to get a great score in the exam? Any other suggestions to score well are welcome.

  18. My son is looking to go to university in 2011. He is a good mathematician, physicist etc., but in this day and age he wants to study for a profession rather than just studying a ‘subject’ at university. He has come up with the idea of accountancy. What would be the avenues for him to get into this without incurring loads of debt at university while he goes about it? Any suggestions? Or indeed, any other career paths?

  19. One of my relative is planning to study for class XII from Pune. He has already registered for school from his local place but wishes to study from Pune. Also any chance to continue for schooling from Pune, he has already completed XI from his local place. A list of moderate/good schools where direct admission to XII CBSE would be helpful. He has completed his X (matriculation), CBSE from Delhi Public School. Thanks in advance.

  20. 2.Explain the development of medical services which took place in India?
    these 2 qns are from the indian economic development book,chapter8-infrastructure.
    class xi cbse.
    i need d answers right now.

  21. Iam going to class xi (cbse )and have decided to go fitjees classroom program and study from brilliant iit elite package(CORRESPONDENCE). Is this a good option will fitjee cbse and brilliant be at par.

  22. I will opt for CBSE so please advice the basics that I should be thorough with to give a head start.

  23. Just need to add a bit on this.

    I’ve classed one of my 2hobbies and interests” as Current Affairs, and thus, the credit crunch. As this relates to Accountancy and Finance.

    What can I put?

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