Assertion Reason MCQs of Capital and Revenue Class 11 with Answers for CBSE, ISC and State Boards Assertion (A): Cost of installing a new machine is capital expenditure and is debited to machine account. Reason (R): It is capital expenditure…
MCQs of Capital and Revenue Class 11 with Answers for CBSE, ISC and State Boards An expenditure is a revenue expenditure because: (a) It is intended to benefit the future period(b) It is intended to benefit the current period(c) The…
Assertion Reason MCQs of Financial Statements of Sole Proprietorship Class 11 with Answers for CBSE, ISC and State Boards Assertion (A): Balance Sheet is a statement and not an account. Reason (R): It is prepared on a particular date and…
MCQs of Financial Statements of Sole Proprietorship Class 11 with Answers for CBSE, ISC and State Boards The purpose of preparing final accounts is to ascertain: (a) Profit or loss(b) Capital(c) The value of assets(d) Profit or loss and financial…
Assertion Reason MCQs of Rectification of Errors Class 11 with Answers for CBSE, ISC and State Boards Assertion (A): ₹ 10,000 received from Disha an an advance against order were credited to Sales A In rectifying entry Sales A/c will…
