I.Com Part 1 Principles of Accounting chapter 1 Short Question Preparation


11th Class Principles of Accounting
Chapter 1 Introduction Preparation

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Online Short Questions For Chapter 1 "ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation "

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Principles of Accounting - ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation

Question # 1

Define cash discount.

  • Ans 1: Cash discount is deduction or allowance given by a creditor to the debtor of the amount is paid by the debtor before the due date.
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Prepare Complete Set Wise Questions For Chapter 1 "ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation "

ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation - Set 1

Question # 1

Define cash discount.

  • Ans 1: Cash discount is deduction or allowance given by a creditor to the debtor of the amount is paid by the debtor before the due date.
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ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation - Set 2

Question # 1

Define purchases.

  • Ans 1: Merchandise or goods bought with the intention of reselling is called purchases, It is more exact title is purchases of merchandise.
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ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation - Set 3

Question # 1

What is meant by business?

  • Ans 1: Any legal activity untaken from the principle of earning is known as business.It includes all activities including buying,manufacturing advertising,recording events of financial character viz books keeping,accounting ,auditing,taxation etc.
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Principles of Accounting
1st Chapter

11th Class Principles of Accounting Chapter 1 Preparation

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