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(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

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What does GAAP stand for in Accounting?

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

Explain the Business Entity Concept.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

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Explain the Money Measurement Concept.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

With reference to the role of Human Resource Management, discuss the Significance of an enterprise.

[3.1] Human Resource
Chapter: [3.1] Human Resource
Concept: undefined >> undefined

Justify the following:

Every transaction is recorded in at least three accounts.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

Explain the need for GAAP for accounting.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

The retirement of manager of the company cannot be recorded in the book of accounts, because it is not possible to estimate the financial effect of retirement. Which accounting principle would be applicable for the above statement?

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

Explain the concept of The Dual Aspect Principle.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

Name and explain how Human Resource Management helps to improve the quality of work life of its employees.

[3.1] Human Resource
Chapter: [3.1] Human Resource
Concept: undefined >> undefined

Define the term GAAP.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
Concept: undefined >> undefined

______ is an interaction where as ______ is a process.

[1.1] Markets and Marketing
Chapter: [1.1] Markets and Marketing
Concept: undefined >> undefined

A market is a mechanism through which ______ are exchanged.

[1.1] Markets and Marketing
Chapter: [1.1] Markets and Marketing
Concept: undefined >> undefined

______ is not a concept of market.

[1.1] Markets and Marketing
Chapter: [1.1] Markets and Marketing
Concept: undefined >> undefined

What is a market?

[1.1] Markets and Marketing
Chapter: [1.1] Markets and Marketing
Concept: undefined >> undefined

Advertisement promotes ______.

[1.3] Advertising and Brand Promotion
Chapter: [1.3] Advertising and Brand Promotion
Concept: undefined >> undefined

Trade fair, seminar, workshop, fair exhibitions, etc., are most closely associated with ______.

[1.3] Advertising and Brand Promotion
Chapter: [1.3] Advertising and Brand Promotion
Concept: undefined >> undefined

Which of the following is not concerned with price?

[1.3] Advertising and Brand Promotion
Chapter: [1.3] Advertising and Brand Promotion
Concept: undefined >> undefined

A brand is a ______.

[1.3] Advertising and Brand Promotion
Chapter: [1.3] Advertising and Brand Promotion
Concept: undefined >> undefined

It is the system consisting of living and non-living organisms. 

[4.2] Issues of the Environment
Chapter: [4.2] Issues of the Environment
Concept: undefined >> undefined

Ecosystem is being spoiled due to ______.

[4.2] Issues of the Environment
Chapter: [4.2] Issues of the Environment
Concept: undefined >> undefined
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