AKSHARA PU COLLEGE SHIKARI
ACCOUNTANCY (Sub Code:30)
me:1.30min
SECTION-A
Answer 5 questions. Each question carries one marks.
1. Accounting begins with the identification of transactions and ends with
of
Statement
2. A concept that abusiness enterprise will not be sold or liquidated
is known as:
a) Going Concern.
b) Economic Entity.
c) Monetary Unit.
d) None of theabove.
3. Who are the users of accounting information?
4. A business is a Separate entity from its owners for accounting
5. What is Dual aspect concept?
6. Expand GAAP
SECTION -B
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