Class-11,Theory Base of Accounting
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Name of Student *
Contact No. *
Q1) According to which accounting principle personal expenses of proprietor are recorded in drawings account. *
1 point
Q2) Under which accounting principle quality of manpower is not recorded in the books of accounts *
1 point
Q3) Principle which assumes that a business enterprise will not be liquidated in the near future *
1 point
Q4) Which accounting principle requires that life of a business be broken into smaller parts *
1 point
Q5) Under which accounting concept fixed assets are recorded at cost without considering the market price (whether low or high). *
1 point
Q6) Single Entry system ignores ______ of accounting. *
1 point
Q7) Closing stock is valued at lower of cost or market price. Which concept of accounting is applied here *
1 point
Q8) According to Principle of Conservatism *
1 point
Q9) Full form of GAAP *
1 point
Q10) Salary to Manager will be recorded in the books of accounts but appointment of manager is not recorded due to______ *
1 point
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