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 nominal account.
(A)
Income and Expenditure Account
(B)
Balance Sheet
(C)
Receipts and Payments Account
(D)
None of these
Question-2
_________ reveals the liabilities of the organisation.
(A)
Cash Book
(B)
Profit and Loss Account
(C)
Balance Sheet
(D)
None of these
Question-3
The opening and closing balances of cash in hand and cash at bank are not recorded in _________.
(A)
Balance Sheet
(B)
Income and Expenditure Account
(C)
All of these
(D)
None of these
Question-4
__________ is a real account.
(A)
Income and Expenditure Account
(B)
Receipts and Payments Account
(C)
All of these
(D)
None of these
Question-5
_________ assets are not permanent and these are ever changing assets that change depending on the business.
(A)
Liquid Assets
(B)
Floating Assets
(C)
Wasting Assets
(D)
None of these
Question-6
_________ are payable in the long run or on the termination of business.
(A)
Current Liabilities
(B)
Fixed Liabilities
(C)
Contingent Liabilities
(D)
None of these
Question-7
________ assets that can be converted into cash quickly.
(A)
Floating Assets
(B)
Liquid Assets
(C)
Wasting Assets
(D)
None of these
Question-8
_________ account is an account prepared by a non - trading organisation to ascertain the surplus or deficit for an accounting year.
(A)
Journal
(B)
Income and Expenditure Account
(C)
Cash Book
(D)
None of these
Question-9
_________ is a summary of cash transactions.
(A)
Balance Sheet
(B)
Income and Expenditure Account
(C)
Receipts and Payments Account
(D)
None of these
Question-10
__________ shows the financial position of the business.
(A)
Trading Profit and Lose Account
(B)
Receipts and Payments Account
(C)
Balance Sheet
(D)
None of these
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Std 10
ICSE/ISC
Practice in Related Chapters
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Generally Accepted Accounting Principles (GAAP)
Financial Accounting and Reporting
Banking and Bank Transactions
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Fundamental Concepts of Cost
Sales and Selling Process
Importance of Human Resources and Public Relations
Issues of the Environment
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