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Chapters
2: Conceptual Framework of Accounting
3: Books of Prime Entry
4: Ledger
5: Trial Balance
6: Subsidiary Books - 1
7: Subsidiary Books - 2
8: Bank Reconciliation Statement
9: Rectification of Errors
10: Depreciation Accounting
11: Capital and Revenue Transactions
12: Final Accounts of Sole Proprietors - 1
13: Final Accounts of Sole Proprietors - 2
14: Computerised Accounting
![Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 1 - Introduction to Accounting - Shaalaa.com](/images/accountancy-english-class-11-tn-board_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 1 - Introduction to Accounting")
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Solutions for Chapter 1: Introduction to Accounting
Below listed, you can find solutions for Chapter 1 of Tamil Nadu Board of Secondary Education Samacheer Kalvi for Accountancy [English] Class 11 TN Board.
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 1 Introduction to Accounting Multiple choice questions [Pages 12 - 13]
Choose the correct answer
The root of financial accounting system is _________
Social accounting
Stewardship accounting
Management accounting
Responsibility accounting
Which one of the following is not a main objective of accounting?
Systematic recording of transactions
Ascertainment of the profitability of the business
Ascertainment of the financial position of the business
Solving tax disputes with tax authorities
Which one of the following is not a branch of accounting?
Financial accounting
Management accounting
Human resources accounting
None of the above
Financial position of a business is ascertained on the basis of ___________.
Journal
Trial balance
Balance Sheet
Ledger
Who is considered to be the internal user of the financial information?
Creditor
Employee
Customer
Government
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 1 Introduction to Accounting Very short answer questions [Page 13]
Define accounting.
List any two functions of accounting.
What are the steps involved in the process of accounting?
Who are the parties interested in accounting information?
Name any two bases of recording accounting information.
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 1 Introduction to Accounting Short answer questions [Page 13]
Explain the meaning of accounting.
Discuss briefly the branches of accounting.
Discuss in detail the importance of accounting.
Why is the following party interested in accounting information?
Investors
Why is the following party interested in accounting information?
Government
Discuss the role of an accountant in the modern business world.
Solutions for 1: Introduction to Accounting
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 1 - Introduction to Accounting
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Concepts covered in Accountancy [English] Class 11 TN Board chapter 1 Introduction to Accounting are Introduction to Accounting, Evolution of Accounting, Meaning and Definition of Accounting, Accounting Cycle, Objectives of Accounting, Functions of Accounting, Importance of Accounting, Basic Accounting Terminologies, Branches of Accounting, Bases of Accounting, Users of Accounting Information, Role of an Accountant, Role of an Accountant.
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