The role of accounting has changed over | Class 11 Accountancy Chapter Introduction to Accounting, Introduction to Accounting NCERT Solutions

Question:

The role of accounting has changed over the period of time- Do you agree? Explain.

Answer:

The role of accounting is ever changing. While in earlier times, accounting was merely concerned with recording the financial events, i.e. record-keeping activity; however, now-a-days, accounting is done with the rationale of not only maintaining records, but also providing an information system that provides important and relevant information to various accounting users. The need of this change is brought over due to the ever-changing and dynamic business environment, which is more competitive in nature now than it was in earlier times. Further, there are various relevant activities like decision making, forecasting, comparison, and evaluation that make these changes in the role of accounting, inevitable.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Introduction to Accounting.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

Comments

  • chetna
  • 2019-03-17 23:08:02

Thnxx for such a helpful answer ❤❤


  • Arka Mukherjee
  • 2018-10-22 21:54:30

Thanks for giving the answer to me


  • nambratha
  • 2018-07-06 22:11:39

Plz Give small answer for us


  • Veenagowda
  • 2018-07-03 17:41:13

Please give answer a in small sentence


  • Debayan Bir
  • 2017-08-03 15:46:21

Thanks saral study for helping me in study


Comment(s) on this Question

Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 12: The role of accounting has changed over the period of time- Do you agree? Explain.....