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…
Assertion Reason MCQs of Chapter 1- Introduction to Accounting with answers for CBSE, ISC and State Boards Assertion (A): The main objective of book-keeping is to ascertain the profit or loss and financial position of the business. Reason (R): Book-keeping…
MCQS of Chapter 1 Introduction to Accounting Class 11 with answers for CBSE, ISC and State Boards. MCQs of chatper 1 includes, Meaning, Objectives, Scope and Nature of Accounting with answers Basic function of financial accounting is to: (a) Record…
Solutions of Accounts for Incomplete Records (Single Entry System) Class 12 CBSE Board (2025-26) Following is the list S.N Questions 1 Question – 1, 2 2 Question – 3, 4 3 Question – 5, 6 4 Question – 7, 8…
Solution of Question number 17 and 18 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 17. On 1st April, 2024, X started a business with ₹ 40,000 as his capital. On 31st March, 2025, his position was…
Solution of Question number 15 and 16 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 15. Vikas is keeping his accounts according to Single Entry System. His capital on 31st March, 2022 was ₹ 2,50,000 and his…
Solution of Question number 13 and 14 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 13. From the following information relating to the business of Abhay who keeps books on Single Entry System, ascertain the profit or…
Solution of Question number 11 and 12 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 11. Swastik maintains his books of account by Single Entry System. His books provide the following information: 1st April(2022) ₹ 31st March,(2022)…
Solution of Question number 9 and 10 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 9. Sarvesh maintains her books of account from Incomplete Records. Her books provide the following information: 1st April, 2024 (₹) 31st March,…
Solution of Question number 7 and 8 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 7. Krishan started his business on 1st April, 2024 with a Capital of ₹ 1,00,000. On 31st March, 2025, his assets were:…
Solution of Question number 5 and 6 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 5. Vikas maintains books on Single Entry System. He gives you the following information: ₹ Capital on 1st April, 2024 15,200 Capital…
Solution of Question number 3 and 4 Accounts for Incomplete Records (Single Entry System) CBSE Board (2025-26) Q. 3. Ramesh does not maintain the proper records of his business, he gives you the following information: Particulars ₹ Opening Capital 1,00,000…
