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Theory Base of Accounting Test Your Understanding - II Solutions
- Q1: Fill in the correct word: Recognition of expenses in the same period as associated revenues is called _______________concept.
- Q1: Recognition of expenses in the same period as associated revenues is called _______________concept.
- Q1: Recognition of expenses in the same period as associated revenues is called _______________concept.
- Q1: Fill in the correct word: Recognition of expenses in the same period as associated revenues is called _______________concept.
- Q2: Fill in the correct word: The accounting concept that refers to the tendency of accountants to resolve uncertainty and doubt in favour of understating assets and revenues and overstating liabilities and expenses is known as _______________.
- Q2: The accounting concept that refers to the tendency of accountants to resolve uncertainty and doubt in favour of understating assets and revenues and overstating liabilities and expenses is known as _______________.
- Q2: The accounting concept that refers to the tendency of accountants to resolve uncertainty and doubt in favour of understating assets and revenues and overstating liabilities and expenses is known as _______________.
- Q2: Fill in the correct word: The accounting concept that refers to the tendency of accountants to resolve uncertainty and doubt in favour of understating assets and revenues and overstating liabilities and expenses is known as _______________.
- Q3: Fill in the correct word: Revenue is generally recongnised at the point of sale denotes the concept of _______________.
- Q3: Revenue is generally recongnised at the point of sale denotes the concept of _______________.
- Q3: Revenue is generally recongnised at the point of sale denotes the concept of _______________.
- Q3: Fill in the correct word: Revenue is generally recongnised at the point of sale denotes the concept of _______________.
- Q4: Fill in the correct word: The _______________concept requires that the same accounting method should be used from one accounting period to the next.
- Q4: The _______________concept requires that the same accounting method should be used from one accounting period to the next.
- Q4: The _______________concept requires that the same accounting method should be used from one accounting period to the next.
- Q4: Fill in the correct word: The _______________concept requires that the same accounting method should be used from one accounting period to the next.
- Q5: Fill in the correct word: The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
- Q5: The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
- Q5: The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
- Q5: Fill in the correct word: The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
Other Exercises for CBSE - Class 11 Accountancy Theory Base of Accounting
- Theory Base of Accounting Class 11 Activities
- Theory Base of Accounting Class 11 Activity
- Theory Base of Accounting Class 11 Activity 1
- Theory Base of Accounting Class 11 Activity 2
- Theory Base of Accounting Class 11 Do it yourself
- Theory Base of Accounting Class 11 Questions for Practice
- Theory Base of Accounting Class 11 Questions for Practice - Long Answers
- Theory Base of Accounting Class 11 Questions for Practice - Short Answers
- Theory Base of Accounting Class 11 Test Your Understanding - I
Chapters in CBSE - Class 11 Accountancy
- Unit 1-Financial Accounting(Part A)Theoretical Framework
- Introduction to Accounting
- Recording of Transactions – I
- Recording of Transactions – II
- Bank Reconciliation Statement
- Trial Balance and Rectification of Errors
- Depreciation, Provisions and Reserves
- Bills of Exchange
- Financial Statements – I
- Financial Statements – II
Top Tutors who teach Theory Base of Accounting
Super Tutor 
H C Sarani, Kolkata 
18 yrs of Exp 
8 students 
1851 hrs of classes completed 
500 per hour 
Online Classes 
Tutor's home Students of 11th standard faces major challenges in three segments: 1) Boolean Algebra & Logic Gates 2) Developing the programming logic and 3) Database Management System 4) Java/ Python
I am very thankful to sir for making all the conceps clear and taught in a very fruitful way. Thank you so much sir. Highly satisfied.
Top Tutor Vayusenabad, Delhi 5 yrs of Exp 5 students 101 hrs of classes completed 400 per hour Online Classes One of the key challenges in teaching commerce is the diversity of students’ learning styles. Some students may excel in theory, while others may struggle with calculations or interpreting financial statements. As a commerce teacher, you need to be adaptable—using visual aids, group work, and real-world scenarios to make abstract concepts more understandable. For example, showing a video on how a business grows can bring the business theory to life in a way that reading a textbook may not. You might begin a lesson by discussing real-world examples, such as current economic trends, business case studies, or financial news. This helps students connect theoretical concepts to practical situations. For example, when teaching accounting principles, you might ask students to work through a mock company’s balance sheet or profit and loss statement, making the material more tangible. Regular quizzes, assignments, and group projects can be used to assess both theoretical knowledge and practical application of commerce concepts. For instance, group projects in business studies might involve students creating a business plan or analyzing a company’s performance, fostering teamwork and real-world problem-solving.
He classes are really interesting, ma'am makes the classes really fun so that understanding becomes easier.
Top Tutor Rajajinagar Mahaganapathi Nagar, Bangalore 15 yrs of Exp 52 students 4721 hrs of classes completed 400 per hour Online Classes Tutor's home I have done Post Graduation in Mathematics, Presidency college, Chennai University. I was a topper and a gold medalist in MSc Math Presidency College. I have been teaching math from last 15 years. I have taken tuitions for 11th Maths for students across different boards like CBSE, ICSE, IGCSE, ISC and State Board. I have an expertise in Math with an excellent track record. My focus is students' success. Conceptually , I make students strong so that they can handle any question in the exam. I give challenging problems in the class so that you can become competetive. Your future is very promising with me.
Mala ma'am makes me understand concepts with clarity and clears all my doubts with lots of patience making to solve problems with ease. Thank you ma'am for always being there to help and support me.
Top Tutor Gaur City 2, Noida 8 yrs of Exp 2 students 388 hrs of classes completed 100 per hour Online Classes Maths tutor with 8 years of experience in teaching maths at SGB Coaching Institute Mau, Uttar Pradesh.
Sir is good! he teaches very well and makes sure to explain everything clearly. If you have any doubts, he’s great at addressing them and makes sure you understand the material thoroughly.
Top Tutor Ameerpet, Hyderabad 14 yrs of Exp 3 students 86 hrs of classes completed 650 per hour Online Classes 
Student's Home I have 14 years of exp in teaching maths in various boards in plus 2 level only. Long experience in NARAYANA IIT academy Hyderabad. Many students are trained under my guidance. I have good grip on algebra and calculus part. I use different techniques to teach students to get the grip on subject.
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