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English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
According to ________ principle, items having an insignificant effect or irrelevant to the user need not be disclosed.
(A)
Principle of Materiality
(B)
Principle of Consistency
(C)
Principles of Timeliness
(D)
None of these
Question-2
According to ________ principle, every cost which is incurred to earn revenue is known as expense.
(A)
Expense Principle
(B)
Revenue Principle
(C)
Realisation Principle
(D)
None of these
Question-3
The balance of various accounts appearing in the ledger are transferred to the ________.
(A)
Balance Sheet
(B)
Trial Balance
(C)
Profit and Loss account
(D)
None of these
Question-4
Under ________ principle, revenue is deemed to be realised when the goods have been transferred or the services have been rendered to a customer.
(A)
Expense Principle
(B)
Realisation Principle
(C)
Revenue Principle
(D)
None of these
Question-5
According to _________ principle, cost of a particular period should be charged from the revenue of same period only.
(A)
Matching Principle
(B)
Going Concern
(C)
Money Measurement
(D)
None of these
Question-6
Financial transactions are recorded in the books of original entry called _______.
(A)
Ledger
(B)
Trial Balance
(C)
Journal
(D)
None of these
Question-7
________ means determining the difference between debit side and credit side totals of an account.
(A)
Posting
(B)
Journalising
(C)
Balancing
(D)
None of these
Question-8
On the basis of ________, only those transactions are recorded in accounts which can be expressed in terms of money.
(A)
Accounting Period Concept
(B)
Money Measurement Concept
(C)
Going Concern Concept
(D)
None of these
Question-9
Under ________ concept, financial statements are prepared at regular intervals, generally one year.
(A)
Going Concern Concept
(B)
Accounting Period Concept
(C)
Money measurement Concept
(D)
None of these
Question-10
_______ is a statement of asset and liabilities on a specific date.
(A)
Journal
(B)
Profit and Loss account
(C)
Balance Sheet
(D)
Trial Balance
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Std 10
ICSE/ISC
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