TS Grewal class 11 solutions 2021 Touch4career.com is an initiative by CCC The Learning Destination. We provide students a platform where they could study with a comfortable environment and develop
TS Grewal class 11 solutions 2021 Touch4career.com is an initiative by CCC The Learning Destination. We provide students a platform where they could study with a comfortable environment and develop
Chapter 1 – A Letter to God Chapter 2 – Nelson Mandela: Long Walk to Freedom Chapter 3 His First Flight (Part I) The Black Aeroplane (Part II) Chapter 4
ACCOUNTANCY SUBJECT CODE: 055 Cbse sample paper 2021 22 class 12 accountancy Part – I Section A . Click on this link to Download Sample Paper of Accounts 2021-22: Download
Modal Paper that are based on CBSE Sample Paper {Term - I} i.e. 2021 - 22 with solutions. Practice these paper and ask your doubts from our experts. 💯
We are providing you some basic and important concepts of all the chapters that are based on your Important MCQ Theory for Term-I exam | 2021-22 pattern with latest MCQs
Links for MCQ for Chapter 2 Fundamental of Partnership: Stand Alone MCQ: Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Case Based MCQ:Part 1 Assertion and
This section of MCQs is based on basic accounting for class 11, class 12 and various entrance exams. Attempt these parts of questions and get result on your email id
Scarcity, Resources, and the economy are the three key terms used while defining economics. Scarcity means lack of availability. It refers to a situation when Resources are not enough to
Consistency concept Once a business chooses to use a specific accounting method, it should continue using it on a go-forward basis. By doing so, financial statements prepared in multiple periods
Materiality Concept or Materiality states that all material facts must be a part of the accounting process. But immaterial facts, i.e. insignificant information should be left out. The materiality of
According to this concept all accounting transactions should be evidenced and supported by objective documents like vouchers, bills, letters, Pay-in-Slips, Receipts, invoices etc. This ensures transaction being recorded are free
According to this concept, the revenue should be considered only when it is realized. Any business transaction should be recorded only after it actually taken place. Production of goods does
Accrual concept implies that revenue is recognized in the period in which it is earned irrespective of the fact whether it is received or not during that period. In the
The life of the business is considered to be indefinite, but the measurement of income cannot be postponed for a very long period of time. Therefore, it is necessary to
According to this concept, all assets are recorded in the books of accounts at their purchase price, which includes cost of purchase, transportation and installation and not at its market
As per this concept all business transactions must be in terms of money. Thus, as per the money measurement concept, transactions which are of financial nature are only recorded in
Today we will know about the Matching Principle in Accounting. In a very different and easy way with example. According to matching principle, expenses incurred in business must be charged
According to this concept, proprietor and business are two different entities. Business Entity Concept ensures that transactions are recorded from the point of view of business, not proprietor. Now to