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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
A business firm is treated as a unit separate and distinct from its owners under ______ concept.
(A)
Going Concern Concept
(B)
Business Entity Concept
(C)
Money Measurement Concept
(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
_______ principle states that the financial statements should be prepared quickly at the end of the accounting period.
(A)
Principle of Consistency
(B)
Principle of Timeliness
(C)
Principle of Materiality
(D)
None of these
Question-4
Financial transactions are recorded in the books of original entry called _______.
(A)
Ledger
(B)
Trial Balance
(C)
Journal
(D)
None of these
Question-5
The entries recorded in journal are transferred to ledger called _______.
(A)
Journalising
(B)
Posting
(C)
Transferring
(D)
None of these
Question-6
_______ is a statement of asset and liabilities on a specific date.
(A)
Journal
(B)
Profit and Loss account
(C)
Balance Sheet
(D)
Trial Balance
Question-7
________ principle suggested that revenue should be treated as realised whenever the ownership of goods changes.
(A)
Expense Principle
(B)
Realisation Principle
(C)
Revenue Principle
(D)
None of these
Question-8
_________ is the art of recording financial transactions in the books of accounts in a regular and systematic manner.
(A)
Accounting
(B)
Book Keeping
(C)
Journal
(D)
None of these
Question-9
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-10
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
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Std 10
ICSE/ISC
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