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CONTENTS
English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
__________ assets are purchased for use in business and to generate revenue and not for resale.
(A)
Current Assets
(B)
Fixed Assets
(C)
Wasting Assets
(D)
None of these
Question-2
The value of _________ assets diminishes with the passage of time.
(A)
Wasting Assets
(B)
Current Assets
(C)
All of these
(D)
None of these
Question-3
_________ means a statement which shows the assets and liabilities of an organisation and its capital on a particular date.
(A)
Income and Expenditure Account
(B)
Profit and Loss Account
(C)
Balance Sheet
(D)
None of these
Question-4
_________ is prepared after the preparation of Income and Expenditure Account.
(A)
Journal
(B)
Ledger
(C)
Balance Sheet
(D)
None of these
Question-5
_________ are not assets but expenses of a heavy nature which are expected to provide benefits over several years.
(A)
Wasting Assets
(B)
Current Assets
(C)
Fictitious 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
_________ is a nominal account.
(A)
Income and Expenditure Account
(B)
Balance Sheet
(C)
Receipts and Payments Account
(D)
None of these
Question-8
_________ is prepared by a non - trading organisation at the end of every accounting year.
(A)
Receipts and Payments Account
(B)
Cash Book
(C)
Balance Sheet
(D)
None of these
Question-9
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-10
_________ is a summary of cash transactions.
(A)
Balance Sheet
(B)
Income and Expenditure Account
(C)
Receipts and Payments Account
(D)
None of these
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Std 10
ICSE/ISC
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