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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
The entries recorded in journal are transferred to ledger called _______.
(A)
Journalising
(B)
Posting
(C)
Transferring
(D)
None of these
Question-2
_______ 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-3
________ 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-4
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-5
________ is assumed that the business will continue to exist for a long - time in the future.
(A)
Going Concern Concept
(B)
Business Entity Concept
(C)
Money measurement Concept
(D)
None of these
Question-6
______ 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-7
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-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
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
Financial transactions are recorded in the books of original entry called _______.
(A)
Ledger
(B)
Trial Balance
(C)
Journal
(D)
None of these
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Std 10
ICSE/ISC
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