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

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"Accounting records serve as a source of information to the creditors of an organisation". Comment.

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

Explain the money measurement principle of accounting.

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

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Explain any two basic concepts of accounting.

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

Explain matching principle of accounting.

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

Explain The Dual Aspect Principle.

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

Explain Accounting Period Concept.

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

Write short note on the going concern concept.

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

Why are Generally Accepted Accounting Principles (GAAP) needed?

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

Explain the complete disclosure principle.

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

Explain the revenue principle.

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

Explain the expense principle.

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

Explain the realisation principle.

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

Explain the principle of consistency.

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

Name any four concepts of GAAP.

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

"The principle of full disclosure and principle of materiality are contradictory." Comment.

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

Distinguish between:

Fixed Deposit Account and Recurring Deposite Account.

[2.3] Banking and Bank Transactions
Chapter: [2.3] Banking and Bank Transactions
Concept: undefined >> undefined

What do you mean by Industrial Banks?

[2.3] Banking and Bank Transactions
Chapter: [2.3] Banking and Bank Transactions
Concept: undefined >> undefined

State the functions of Human Resource Management.

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

Income and Expenditure Account is a ______ account.

[2.2] Principles of Financial Accounting and Reporting
Chapter: [2.2] Principles of Financial Accounting and Reporting
Concept: undefined >> undefined

Income and expenditure contain only ______ items.

[2.2] Principles of Financial Accounting and Reporting
Chapter: [2.2] Principles of Financial Accounting and Reporting
Concept: undefined >> undefined
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