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CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Write any three objectives of Accounting Standards. (AS)
Asked by Topperlearning User
4th July 2016,
8:16 AM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Mr. Ram and Sons, a dealer in kitchen cookware products, has received an order for 15 Electric cookers along with an advance of Rs. 10,000. It maintains its accounts on accrual basis of accounting. Should, Rs. 10,000, the amount received be credited to the sales account or the advance received account? Justify.
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Dr. Bela Phadke, a Physiotherapist in practice is maintaining her books on cash basis. Her accountant advised her to follow accrual basis of accounting instead of cash basis. Do you agree with the advice given by the accountant? Give reasons.
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Explain IFRS? State its uses.
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
What are accounting standards?
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Differentiate between cash basis of accounting and accrual basis of accounting.
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
How are the transactions recorded in the books of account?
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Write a short note on single entry system of accounting.
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Explain the system of accounting which is based on dual aspect concept.
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Which system of accounting cannot be followed by big business organisation?
Asked by Topperlearning User
9th June 2016,
12:49 PM
CBSE - XI Commerce - Accountancy Part I - Theory Base of Accounting
Which two systems of accounting can be followed by an enterprise?
Asked by Topperlearning User
9th June 2016,
12:49 PM
