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Meaning, Objectives and Terminology of Accounting — Practice Quiz

ICSE · Class 9 · Commercial Studies

Try a 4-question quiz on Meaning, Objectives and Terminology of Accounting for ICSE Class 9 Commercial Studies: tap an answer to check it and see why.

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Quick Quiz: Meaning, Objectives and Terminology of Accounting

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1

What does accounting mean in simple terms?

2

Which of the following is a definition of book-keeping?

3

Which book is used for classifying transactions?

4

Which side is the debit side of an account?

62 Questions·
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Sample Questions

1multiple choice
1 marks

Which statement about accounting and accountancy is correct?

Show answer

Accounting is a generic term and book-keeping is an essential part of it

Accounting is the wider term, and book-keeping is part of it.

2multiple choice
1 marks

Which of these is a personal account?

Show answer

Radhika's Account

Accounts relating to persons are personal accounts, and Radhika's Account is one of them.

3multiple correct
1 marks

Which of the following are real accounts?

Show answer

Building Account, Motor Vehicles Account, Furniture Account

Building, Motor Vehicles and Furniture are real accounts because they relate to assets.

4multiple choice
1 marks

Which type of account relates to expenses, losses, incomes and gains?

Show answer

Nominal account

Accounts relating to expenses, losses, incomes and gains are nominal accounts.

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Frequently Asked Questions

What are the important topics in Meaning, Objectives and Terminology of Accounting for ICSE Class 9 Commercial Studies?
Key topics in Meaning, Objectives and Terminology of Accounting include Meaning of Accounting, Meaning of Book-keeping and Its Relation to Accounting, Objectives, Need, Relevance, and Limitations of Accounting, Meaning and Classification of Accounts. Study these first, then practise questions on each for Class 9 exams.
How many practice questions are there for Meaning, Objectives and Terminology of Accounting?
There are 62 questions on Meaning, Objectives and Terminology of Accounting. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

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