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CBSE - Class 11 Accountancy Unit 1-Financial Accounting(Part A)Theoretical Framework Worksheet
Amortisation is charged on which type of asset ?
Tangiable Fixed Assets
B)Intangiable Fixed Asset
C)Both of them
D)None of above
Personal accounts always show debit balance.
Depriciation of assets is done as per which concept ?
Money measurement Concept
B)Cost Concept
C)Going Concern Concept
D)Non of these
What is the Fundamental Accounting equation ?
Assets = Liability - Capital
B)Assets = Liability + Capital
C)Assets + Liability= Capital
D)Assets - Liability= Capital
What is the difference between hire purchase and purchase on installments
Ownership gets transferred in hp whereas title in goods does not get transferred in installment purchase
B)In hp ownership in goods is not transferred whereas ownership in goods is transferred in installment purchase
Each mark question should receive 2 minutes of your valuable examination time or mock test time.
Pass the journal entries in the book of Ramesh and Co.
Salary to employees Rs 10000
Salary Rs 10000
To cash 10000
B)Employee a/C Dr 10000
To salary 10000
C)Cash a/c Dr10000
To employees a/c. 10000
CBSE - Class 11 Accountancy Unit 1-Financial Accounting(Part A)Theoretical Framework Worksheet
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