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Financial Statements - I — Flashcards

CBSE · Class 11 · Accountancy

80 flashcards for Financial Statements - I (CBSE Class 11 Accountancy) to test yourself on key terms and facts.

154 questions80 flashcards3 formulas & key relations5 concepts

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Introduction to financial statementsवित्तीय विवरणों का परिचयहितधारकStakeholdersPurpose of financial statementsवित्तीय विवरणों का उद्देश्यपरीक्षण शेषTrial balance
Card 1Introduction to financial statements

What are financial statements, and what do they show?

Answer

Financial statements are statements that present periodic reports of the business. They include the Trading and Profit and Loss Account and the Balance Sheet. The Trading and Profit and Loss Account s…

Card 2वित्तीय विवरणों का परिचय

वित्तीय विवरण क्या हैं और वे क्या दिखाते हैं?

Answer

वित्तीय विवरण वे विवरण हैं जो व्यवसाय की आवधिक रिपोर्ट प्रस्तुत करते हैं। इनमें व्यापार और लाभ और हानि खाता और बैलेंस शीट शामिल हैं। व्यापार और लाभ और हानि खाता एक अवधि के लिए लाभ या हानि दिखाता है, ज…

Card 3हितधारक

हितधारक क्या होता है?

Answer

हितधारक (stakeholder) व्यवसाय से जुड़ा कोई भी व्यक्ति होता है। हितधारक आंतरिक या बाह्य हो सकते हैं और व्यवसाय में उनके मौद्रिक या गैर-मौद्रिक हित हो सकते हैं। उदाहरण के लिए, मालिक, प्रबंधक, सरकार, बैं…

Card 4Stakeholders

What is a stakeholder?

Answer

A stakeholder is any person associated with the business. Stakeholders may be internal or external, and they may have monetary or non-monetary interests in the business. Examples include owners, manag…

Card 5Purpose of financial statements

Why are financial statements prepared?

Answer

Financial statements are prepared to present a true and fair view of the financial performance and financial position of the business. They help different users get useful information for decision-mak…

Card 6वित्तीय विवरणों का उद्देश्य

वित्तीय विवरण क्यों तैयार किए जाते हैं?

Answer

वित्तीय विवरण व्यवसाय के वित्तीय प्रदर्शन और वित्तीय स्थिति का एक सच्चा और निष्पक्ष दृश्य प्रस्तुत करने के लिए तैयार किए जाते हैं। वे विभिन्न उपयोगकर्ताओं को निर्णय लेने के लिए उपयोगी जानकारी प्राप्त …

Card 7परीक्षण शेष

वित्तीय विवरण तैयार करने में परीक्षण शेष राशि की क्या भूमिका है?

Answer

वित्तीय विवरण तैयार करने के लिए ट्रायल बैलेंस आधार बनता है। जब लेजर खातों को संतुलित कर लिया जाता है, तब ट्रायल बैलेंस तैयार किया जाता है और फिर आवश्यकतानुसार बैलेंस को ट्रेडिंग और लाभ हानि खाता तथा ब…

Card 8Trial balance

What is the role of the trial balance in preparing financial statements?

Answer

The trial balance forms the basis for preparing financial statements. After ledger accounts are balanced, the trial balance is prepared, and then the balances are transferred to the Trading and Profit…

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Frequently Asked Questions

What are the important topics in Financial Statements - I for CBSE Class 11 Accountancy?
Key topics in Financial Statements - I include Financial Statements and Stakeholders, Capital and Revenue Items, Trading Account: Gross Profit and Cost of Goods Sold, Profit and Loss Account and Net Profit. Study these first, then practise questions on each for Class 11 exams.
How many flashcards are available for Financial Statements - I?
There are 80 flashcards for Financial Statements - I covering key definitions, facts and ideas. A few sample cards are shown on this page.
How should I revise Financial Statements - I for Class 11 exams?
Learn the core ideas first, then work through the 154 practice questions on Financial Statements - I. Revise definitions regularly and use flashcards for quick recall before the exam.

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