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CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Explain money measurement concept.
Asked by Topperlearning User
9th June 2016,
12:21 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
The extraordinary capabilities of the research department of the company lead to favorable result but the same was not recorded by the accountant. Why?
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
PQR company purchased machinery costing Rs. 200,000 which will last for 8 years. How much cost should the company treat as an expense?
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Write short note on accounting period.
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
A dispute between managers of different departments affected the profit of business. But this event was not recorded. Why?
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Raj, the proprietor of Yashraj Company gifted his wife jewellery worth Rs. 1,50,000 from Swarn Jewellers and made the payment issuing a cheque from the account of Yashraj Company. His accountant debited the Drawing A/c. But Raj was of the opinion that Fixed Asset A/c should be debited. Is he right? Answer with reasons.
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Seeta, the proprietor of Ram and Company purchased furniture for her home. She made the payment by issuing a cheque from the account of Ram and Company. Her accountant debited the Drawing A/c. But Seeta was of the opinion that Fixed Assets A/c should be debited. Is she right? Answer with reason.
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
‘Business entity concept assumes that business is separate entity from its owner’ Do you agree? If yes, why?
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
What are three basic accounting assumptions? Elaborate.
Asked by Topperlearning User
9th June 2016,
12:14 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
What is accounting principle?
Asked by Topperlearning User
9th June 2016,
12:14 PM
