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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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 "

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  • Total Questions10

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

Question # 1

Who is the owner of the business?

  • Ans 1: The person who invest the necessary capital in business and then he gives his time and attention to it,takes the risk and entitled to receive the profit or beat the loss arising these from.
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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

Who is the owner of the business?

  • Ans 1: The person who invest the necessary capital in business and then he gives his time and attention to it,takes the risk and entitled to receive the profit or beat the loss arising these from.
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ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation - Set 2

Question # 1

Define the meaning of credit.

  • Ans 1: Arrangement for deferred payment for goods and service is called credit.
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ICOM Part 1 Principles of Accounting Chapter 1 Short Question Preparation - Set 3

Question # 1

What is meant by the separate entity concept?

  • Ans 1: According to this concept business is treated as a separate entity from its owner.
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Principles of Accounting
1st Chapter

11th Class Principles of Accounting Chapter 1 Preparation

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