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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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

Define accrued expenses.

  • Ans 1: All those expenses which have become due but have not yet paid are called accrued expenses,These expenses are also termed as outstanding expenses.
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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

Define accrued expenses.

  • Ans 1: All those expenses which have become due but have not yet paid are called accrued expenses,These expenses are also termed as outstanding expenses.
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ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation - Set 2

Question # 1

Define liquid assets.

  • Ans 1: Assets which can converted immediately into cash or which are already in the form of cash are called liquid or quick assets.
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ICOM Part 1 Principles of Accounting Chapter 9 Short Question Preparation - Set 3

Question # 1

What are indirect expenses?

  • Ans 1: All those expenses other than direct expenses are known as indirect expenses.These expenses include salaries rent,interest etc.
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Principles of Accounting
9th Chapter

11th Class Principles of Accounting Chapter 9 Preparation

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