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Subjects

Accountancy

Covers GAAP

In this Class 11 Accountancy topic, students learn what GAAP, or Generally Accepted Accounting Principles, means and why commonly accepted principles guide the recording and reporting of financial information. As part of the Theory Base of Accounting, the topic connects GAAP with fundamental accounting concepts and conventions, showing how they promote consistency, comparability, and reliability. It also helps learners understand the reasoning behind accounting practices and builds a clear foundation for interpreting basic financial statements.

Easy · Level 1 · 6 questions

TOPIC PRACTICE

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6 questions

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  1. Nitrogen
  2. Carbon dioxide
  3. Oxygen
  4. Both nitrogen and oxygen
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  1. Because humidity indicates the amount of moisture present in air
  2. Because humidity is only the colour of nitrogen
  3. Because humidity is Earth's metallic layer
  4. Because humidity is only the weight of dust
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  1. Stratospheric ozone
  2. Nitrogen
  3. Argon
  4. Sea salt
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  1. Because moist maritime air and high temperature increase evaporation
  2. Because monsoon brings only dry air
  3. Because the Sun does not rise in monsoon
  4. Because oxygen disappears from the atmosphere
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  1. 50 to 80 kilometres
  2. 0 to 13 kilometres
  3. 80 to 400 kilometres
  4. Above 400 kilometres
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  1. Air pressure generally decreases as altitude increases
  2. Air pressure always increases as altitude increases
  3. Altitude has no relation to air pressure
  4. Air pressure exists only over oceans

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