CBSE Class 11 Financial Statements I Quiz

A free CBSE Class 11 Financial Statements I quiz. Play without signing up; sign in to save your score.

CBSE Class 11 classAccountancy subjectFree quiz

CBSE Class 11 Accountancy builds financial statements from the trial balance without adjustments. Students prepare the trading account for gross profit, the profit and loss account for net profit, and organise direct costs separately from office, selling and finance costs.

The CBSE Class 11 Financial Statements I quiz is free to play without signing up. Sign in to save scores. Classic has a timer; Trivi gives three hearts; Learn is untimed with no score.

What you practice

These are the CBSE Class 11 Financial Statements I skills this quiz is built around.

Prepare a trading account and compute gross profit from direct costs.
Prepare a profit and loss account using indirect incomes and expenses.
Sort wages, carriage and factory costs away from salaries, rent and discounts.

A useful tip

Carriage inwards belongs to purchases while carriage outwards is a selling cost. Ask whether the expense brings goods in or sends goods out before placing it.

Frequently asked questions

What does CBSE Class 11 Financial Statements I practice?

Practice includes: Prepare a trading account and compute gross profit from direct costs; Prepare a profit and loss account using indirect incomes and expenses; Sort wages, carriage and factory costs away from salaries, rent and discounts.

Is the CBSE Class 11 Financial Statements I quiz free?

Yes. This quiz is free to play without signing up. Sign in to save your scores and progress.

What game modes can I use?

Classic has a timer; Trivi gives three hearts; Learn is untimed with no score.