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Finance and Accounts — Flashcards

ICSE · Class 9 · Commercial Studies

32 flashcards for Finance and Accounts (ICSE Class 9 Commercial Studies) to test yourself on key terms and facts. Sample: "What is finance?"

56 questions32 flashcards5 concepts

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32 Flashcards·
Meaning of FinanceImportance of FinanceBusiness FinanceDefinitions of FinanceDefinitions of Business FinanceCorporate Finance
Card 1Meaning of Finance

What is finance?

Answer

Finance refers to all activities related to obtaining money and effective use.

Card 2Importance of Finance

Why is finance called the life blood of business?

Answer

Finance is called the life blood of business because every business requires funds for its activities, and sound management of funds is essential for success.

Card 3Business Finance

What is business finance?

Answer

Business finance is the activity concerned with planning, raising, controlling, and administering the funds used in business. It also involves estimating, acquiring, and managing funds to meet the nee…

Card 4Business Finance

What does business finance include beyond raising money?

Answer

Business finance includes planning funds, raising funds, controlling funds, and administering funds. It is not only about getting money, but also about using it properly for business needs.

Card 5Definitions of Finance

Who defined finance as all activities related to obtaining money and effective use?

Answer

O. Ferrel C. and Geoffrey Hirt defined finance as: "Finance refers to all activities related to obtaining money and effective use."…

Card 6Definitions of Business Finance

Who defined business finance as the activity concerned with acquisition and conservation of capital funds?

Answer

B.O. Wheeler defined business finance as the activity concerned with the acquisition and conservation of capital funds in meeting the financial need and overall objective of business enterprise.

Card 7Definitions of Business Finance

Who gave the broader definition of business finance as planning, raising, controlling, and administrating funds?

Answer

Guthmann and Dougall defined business finance broadly as the activity with planning, raising, controlling, and administrating of funds used in the business.

Card 8Corporate Finance

What are funds used in companies called?

Answer

Funds used in companies are called corporate finance.

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Frequently Asked Questions

What are the important topics in Finance and Accounts for ICSE Class 9 Commercial Studies?
Key topics in Finance and Accounts include Meaning of Finance, Definitions of Finance and Business Finance, Objectives of Financial Management, Finance and Accounts Department. Study these first, then practise questions on each for Class 9 exams.
How many flashcards are available for Finance and Accounts?
There are 32 flashcards for Finance and Accounts covering key definitions, facts and ideas. A few sample cards are shown on this page.
How should I revise Finance and Accounts for Class 9 exams?
Learn the core ideas first, then work through the 56 practice questions on Finance and Accounts. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All ICSE Class 9 Commercial Studies Flashcards

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