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Subjects

Accountancy

Covers the accounting equation

In this Class 11 Accountancy topic from Recording of Transactions (I & II), students learn how the accounting equation expresses the relationship between a business’s assets, liabilities, and capital: Assets = Capital + Liabilities. They examine how common business transactions change one or more elements while keeping the equation balanced, and use this relationship to understand the foundation of double-entry recording, identify the impact of transactions, and check the accuracy of basic accounting entries.

Easy · Level 1 · 11 questions

Practice questions

01What is the lake formed after a meander is cut off called?

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02What is the triangular depositional feature at a river mouth called?

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03What is the fan-shaped depositional feature at the foot of a mountain slope called?

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04What is the sharp ridge left between two cirques called?

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05What is a pointed mountain peak formed by the backward erosion of several cirques called?

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06What is a smaller valley joining a main glacial valley at a higher level called?

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07What is the rocky material transported and deposited by a glacier called?

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08What is the scraping action of a glacier on rocks called?

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09What is the step-like old floodplain along the side of a river valley called?

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10In which direction does a stalagmite grow?

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11What effect does gravity have on the vertical distribution of gases in the atmosphere?

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