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Formula Sheet

Financial Statements - I — Formula Sheet

CBSE · Class 11 · Accountancy

3 formulas from Financial Statements - I (CBSE Class 11 Accountancy) on one page, grouped by topic. Part of the CBSE Class 11 Accountancy syllabus.

154 questions80 flashcards3 formulas & key relations5 concepts

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3 Entries · 1 Section

Formulas and Key Relations

4) Trading Account

Gross Profit = Sales - (Purchases + Direct Expenses)

Cost of Goods Sold = Purchases + Direct Expenses

Cost of Goods Sold = Opening Stock + Purchases + Direct Expenses - Closing Stock

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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 formulas are in Financial Statements - I?
This sheet lists 3 formulas from Financial Statements - I, grouped by topic. Learn what each symbol stands for so you can apply the formula, not just recall it.
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.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All CBSE Class 11 Accountancy Formula Sheet

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