AccountancyCLASS 11CBSEanswered 23 Jun 2026Q.Only the balance of the ledger is considered Balance Method Total method Total-cum balance Method None of the aboveA.VERIFIED ANSWERfact-checked by tutorsa) Balance method Suggested Q&AACCOUNTANCY · CLASS 11AccountancyCLASS 11Q.What is meant by Assets? Also explain its types.AccountancyCLASS 11Q.Explain the following terms of Accounting: (a) Sales (b) Revenues (c) Profit (d) Gain (e) Loss (f) Discount (g) Drawings.AccountancyCLASS 11Q.Describe the informational needs of external users.AccountancyCLASS 11Q.Explain any five advantages of Accounting.AccountancyCLASS 11Q.Explain any five limitations of Accounting.AccountancyCLASS 11Q.Explain the following terms of Accounting: (a) Expenses (b) Expenditure (c) Debtors (d) Creditors (e) Voucher.← More Accountancy Q&A for Class 11BROWSE ALL Q&A →