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


11th Class Principles of Accounting
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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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  • Total Questions10

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

Question # 1

What is meant by the term revenue?

  • Ans 1: It is a price of goods sold or services provided by a business to its customers,sales rent received etc.
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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

What is meant by the term revenue?

  • Ans 1: It is a price of goods sold or services provided by a business to its customers,sales rent received etc.
Submit

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

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 3

Question # 1

Define merchandise.

  • Ans 1: The items or things in which enterprise deals are called goods in trade or merchandise.
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Principles of Accounting
1st Chapter

11th Class Principles of Accounting Chapter 1 Preparation

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