Smartindia Classroom
CONTENTS
English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
_______ 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-2
The entries recorded in journal are transferred to ledger called _______.
(A)
Journalising
(B)
Posting
(C)
Transferring
(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
______ is prepared to determine the net profit/ net loss during the year.
(A)
Balance Sheet
(B)
Trial Balance
(C)
Profit and Loss account
(D)
None of these
Question-5
_______ suggests that every debit has a corresponding and equal credit.
(A)
Matching Principle
(B)
Dual Aspect Principle
(C)
Money Measurement Concept
(D)
None of these
Question-6
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-7
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-8
________ 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-9
Under _______ principle, record all anticipated losses but ignore all anticipated gains.
(A)
Principle of Timeless
(B)
Principle of Conservatism
(C)
Principle of Consistency
(D)
None of these
Question-10
_______ principle states that accounting procedures and methods should remain consistent from one year to another.
(A)
Principle of Conservatism
(B)
Principle of Materiality
(C)
Principle of Consistency
(D)
None of these
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Std 10
ICSE/ISC
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Sales and Selling Process
Importance of Human Resources and Public Relations
Issues of the Environment
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