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


11th Class Principles of Accounting
Chapter 1 Introduction Preparation

Start Chapter 1 Test

11th Class Principles of Accounting Chapter Wise Preparation

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

Try The Short Questions For ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation

  • Total Questions10

  • Available Sets3

Start Test Download PDF

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

Question # 1

Define accounting.

  • Ans 1: The American institute of Certified Public Accounting once defined accounting as,the art of recording,classifying and summarizing in a significant manner,and in terms of money ,transactions and events which are in part at lease,of a financial character and interpreting the result thereof.
Submit

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 accounting.

  • Ans 1: The American institute of Certified Public Accounting once defined accounting as,the art of recording,classifying and summarizing in a significant manner,and in terms of money ,transactions and events which are in part at lease,of a financial character and interpreting the result thereof.
Submit

ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation - Set 2

Question # 1

Explain the cash basis system of accounting.

  • Ans 1: It is a system in which accounting entries are made only when cash is received or paid.
Submit

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.
Submit

ic-science-white
Principles of Accounting
1st Chapter

11th Class Principles of Accounting Chapter 1 Preparation

Here you can prepare 11th Class Principles of Accounting Chapter 1 Preparation. Click the button for 100% free full Preparation.

Share your comments & questions here

Guest

  • No comments yet. Be the first to comment!