I.Com Part 1 Principles of Accounting Chapter 9 Final Accounts Short Question Preparation


11th Class Principles of Accounting
Chapter 9 Preparation

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11th Class Principles of Accounting Chapter Wise Preparation

Online Short Questions For Chapter 9 "ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation "

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Principles of Accounting - ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation

Question # 1

What is the term provision?

  • Ans 1: The amount setting aside out of profit for a possible loss or liability is called as provision.
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Prepare Complete Set Wise Questions For Chapter 9 "ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation "

ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation - Set 1

Question # 1

What is the term provision?

  • Ans 1: The amount setting aside out of profit for a possible loss or liability is called as provision.
Submit

ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation - Set 2

Question # 1

What are wasting assets?

  • Ans 1: Wasting assets are tangible fixed assets but are called wasting assets because of their nature which decrease in value with decrease of quantity.
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ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation - Set 3

Question # 1

Define manufacturing business.

  • Ans 1: A business which used raw material finished goods is know as manufacturing business.
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Principles of Accounting
9th Chapter

11th Class Principles of Accounting Chapter 9 Preparation

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