Financial Statements - I
Odisha Board · Class 11 · Accountancy
Most important questions from Financial Statements - I for Odisha Board Class 11 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.
Interactive on Super Tutor
Studying Financial Statements - I? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for important questions and more.
1,000+ Class 11 students started this chapter today
Sample Questions
What is the primary purpose of a Balance Sheet?
Show answer
To show financial position at a specific date
A Balance Sheet provides a snapshot of a company's financial position, listing assets, liabilities, and capital at a specific point in time.
Which of the following is a Current Asset?
Show answer
Cash in hand
Current assets are those which can be converted to cash within one year, and cash in hand is the most liquid current asset.
What does Operating Profit represent?
Show answer
Profit before interest and tax
Operating Profit (EBIT) represents the profit earned through normal business operations, excluding financial and extraordinary items.
Which of the following is an example of Revenue Expenditure?
Show answer
Payment of monthly rent
Revenue expenditure involves costs incurred for day-to-day operations that benefit only the current accounting period.
+65 more questions available
Practice AllFrequently Asked Questions
What are the important topics in Financial Statements - I for Odisha Board Class 11 Accountancy?
How to score full marks in Financial Statements - I — Odisha Board Class 11 Accountancy?
How many important questions are there in Financial Statements - I?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Financial Statements - I
Syllabus
What topics to cover
Revision Notes
Key points for last-minute revision
Study Plan
Step-by-step plan to ace this chapter
Flashcards
Quick-fire cards for active recall
Formula Sheet
All formulas in one place
Chapter Summary
Understand the chapter at a glance
Practice Quiz
Test yourself with a quick quiz
Concept Maps
See how topics connect visually
NCERT Solutions
Every textbook question solved step by step
For serious students
Get the full Financial Statements - I chapter — for free.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for Odisha Board Class 11 Accountancy.