CBSE - Class 11 Accountancy Theory Base of Accounting Worksheet
Test Your Understanding - II
1.
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 _______________.
2.
Revenue is generally recongnised at the point of sale denotes the concept of _______________.
3.
Fill in the correct word: Revenue is generally recongnised at the point of sale denotes the concept of _______________.
4.
Fill in the correct word: The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
5.
Fill in the correct word: The _______________concept requires that the same accounting method should be used from one accounting period to the next.
6.
Revenue is generally recongnised at the point of sale denotes the concept of _______________.
7.
The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
8.
Fill in the correct word: Recognition of expenses in the same period as associated revenues is called _______________concept.
9.
The _______________concept requires that the same accounting method should be used from one accounting period to the next.
10.
Recognition of expenses in the same period as associated revenues is called _______________concept.
11.
Fill in the correct word: The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
12.
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 _______________.
13.
Fill in the correct word: The _______________concept requires that the same accounting method should be used from one accounting period to the next.
14.
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 _______________.
15.
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 _______________.
16.
The _______________concept requires that the same accounting method should be used from one accounting period to the next.
17.
Recognition of expenses in the same period as associated revenues is called _______________concept.
18.
The_______________concept requires that accounting transaction should be free from the bias of accountants and others.
19.
Fill in the correct word: Revenue is generally recongnised at the point of sale denotes the concept of _______________.
20.
Fill in the correct word: Recognition of expenses in the same period as associated revenues is called _______________concept.
