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Subjects

Accountancy

accounting principles

Accounting Principles introduces Class 11 students to the basic rules, concepts, conventions, and assumptions that give financial accounting a consistent foundation. As part of the Theory Base of Accounting in Accountancy, it explains why transactions are recorded in particular ways and how principles such as business entity, going concern, consistency, accrual, matching, prudence, and materiality support reliable information. Students learn to apply these ideas while understanding accounting records and financial statements.

Medium · Level 1 · 3 questions

TOPIC PRACTICE

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3 questions

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  1. The effect of an atmospheric element can depend on its location
  2. Ozone is equally beneficial everywhere
  3. Ozone never affects human health
  4. Ozone forms only in oceans
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  1. Because it helps distinguish effects of dust, sea salt, smoke and industrial pollution
  2. Because all particles come from one source
  3. Because human sources do not enter the atmosphere
  4. Because natural particles never play a role
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  1. Because it remains available for respiration and nitrogen helps maintain atmospheric balance
  2. Because organisms do not need oxygen
  3. Because oxygen exists only in rocks
  4. Because it removes all water vapour

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