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CBSE Notes 2011-2012 » XI-Accounts

Introduction to Accounting

Accounting means recording of transactions and events, not their interpretation.

Multiple choice question

Accounting means recording of transactions and events, not their interpretation.

Book-keeping ends where accounting starts.

Multiple choice question

Book-keeping ends where accounting starts.

Book-keeping and accounting are one and the same thing.

Multiple choice question

Book-keeping and accounting are one and the same thing.

Accounting is useful only to the businessman

Multiple choice question

Accounting is useful only to the businessman

Double entry system is a complete system.

Multiple choice question

Double entry system is a complete system.

Which of the following statements is not an objective of accounting ?

Multiple choice question

Which of the following statements is not an objective of accounting ?

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