Accounting Terms — Account STD 11 Commerce — Question

The primary qualities that make accounting information useful for decision making are_________.

Current Liabilities include:

A ... is sent to a supplier when we return goods:

The part of the depreciable cost of an asset which is yet to be written off is known as ___________.

Sale is recognised as revenue:

Which of the following limitations of accounting states that accounts may be manipulated to conceal vital facts:

The credit balance as per Cash Book is ₹ 1,500. Cheques for ₹ 400 were deposited but were not collected. The cheques issued but not presented were ₹ 100, ₹ 125 and ₹ 350. Balance as per Pass Book will be:

When debit balance as per cash book is the starting point, direct deposits by customers are _________.

Current assets do not include:

Cash Discount received is recorded in the books of account as follows: