Revision Notes for CBSE Class 11 Accountancy Chapter-9 - Free PDF Download
Financial Statements is divided into two chapters, here in the discussion we have provided revision notes of part I. As studied and understood by the students this chapter is as important and as humongous chapter. Students are seen struggling with this chapter, they are confused about where to record which items.
Financial Statements also is a very important chapter for class 12 and further higher studies with this subject. These Financial Statements are the end statements that are prepared by all the companies at the end of their financial year. One wrong posting, and students will lose their marks.
FAQs on Financial Statements - I Class 11 Notes CBSE Accountancy Chapter 9 [Free PDF Download]
1. Are Financial Statements Important in Class 12?
Ans. The students of class 11 are before-hand prepared for their boards and so yes, this chapter is important in class 12 and also in their graduation studies.
2. How can I Record the Item Correctly in the Respective Accounts?
Ans. Firstly the students should understand why the particular items are recorded in respective accounts. Further they should practice a lot solving various sums. Next they should keep revising with the items that are recorded in the accounts in that way they will never make mistakes while solving the questions of financial statements in the exam.
3. From Where can I Download the NCERT Solutions?
Ans. The NCERT Solutions can be downloaded for free from our portal itself. Students are suggested to solve the NCERT solutions to get an idea about the type of questions being asked by the board and to get accustomed with the question level. The NCERT solutions are very helpful. It will clear the concept of the chapter even more.
4. Is Class 11 Chapter Mentioned here Difficult?
Ans. The honest answer to this is- ‘no’ the chapter is not at all difficult rather interesting one need to only check up with the items that are recorded in the three different accounts and follow up with the same to get an answer entirely correct.