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

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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

Explain any two basic concepts of accounting.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain matching principle of accounting.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain The Dual Aspect Principle.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain Accounting Period Concept.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Write short note on the going concern concept.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Why are Generally Accepted Accounting Principles (GAAP) needed?

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain the complete disclosure principle.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain the revenue principle.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain the expense principle.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain the realisation principle.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Explain the principle of consistency.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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Name any four concepts of GAAP.

[2.1] Generally Accepted Accounting Principles (GAAP)
Chapter: [2.1] Generally Accepted Accounting Principles (GAAP)
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"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)
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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
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State the functions of Human Resource Management.

[3.1] Importance of Human Resource
Chapter: [3.1] Importance of Human Resource
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Income and Expenditure Account is a ______ account.

[2.2] Principles of Financial Accounting and Reporting
Chapter: [2.2] Principles of Financial Accounting and Reporting
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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

Justify either for or against by giving a reason for the following statement. ‘Income and Expenditure account shows the opening and closing balances of cash in hand and cash at bank.’

[2.2] Principles of Financial Accounting and Reporting
Chapter: [2.2] Principles of Financial Accounting and Reporting
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