Assertion Reason MCQ of Accounting Standard Class 11 with answers of CBSE, ISC and State Boards Assertion (A): Accounting Standards are written statements specifying uniform rules and practices for preparing financial statements. Reason (R): Accounting Standards are formualted by Companies…
Assertion Reason MCQ of Accounting Principles Class 11 with answers of CBSE, ISC and State Boards Assertion (A): Based on the Going Concern Concept, assets are valued at the market value. Reason (R): According to the Consistency Concept, accounting policies…
MCQ of Accounting Principles Class 11 with answers of CBSE, ISC and State Boards Accounting Principles are: (a) Made by Government(b) Made by Man(c) Made by Law(d) None of the above Ans – (b) Fundamental Accounting Assumptions as per AS-!…
Assertion Reason MCQs of Chapter 2 – Basic Accounting Terms with answers for CBSE, ISC and State Boards Assertion (A): Fixed assets sold is not part of Sales since they are not goods. Reason (R): Fixed assets are purchased to…
MCQS of Chapter 1 Basic Accounting Terms Class 11 with answers for CBSE, ISC and State Boards. In a business ‘Purchases’ refers to the: (a) Purchase of an article to be used in office(b) Purchase of goods for resale(c) Purchase…
