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Concept Maps

Accounting Terms — Concept Maps

NIOS · Class 10 · Accountancy

4 concept maps of Accounting Terms for NIOS Class 10 Accountancy, each also written out as a text outline. Part of the NIOS Class 10 Accountancy syllabus.

74 questions28 flashcards5 concepts

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4 Concept Maps

Accounting Terms Hierarchy - Complete Framework

Accounting Terms Hierarchy - Complete Framework

The map in words

  • Accounting Terms
    • Assets
      • Fixed Assets
        • Land
        • Building
        • Machinery
        • Vehicles
      • Current Assets
        • Cash
        • Stock
        • Debtors
        • Bank Balance
      • Tangible Assets
      • Intangible Assets
        • Goodwill
        • Patent
        • Trademark
      • Wasting Assets
    • Capital
      • Owner Investment
      • Reserves
      • Undistributed Profit
    • Liabilities
      • Internal Liabilities
        • Capital
        • Reserves
        • Profit
      • External Liabilities
        • Creditors for Goods
        • Creditors for Expenses
        • Creditors for Loans
    • Revenue
      • Sales
      • Rent Received
      • Commission
      • Interest
    • Expense
      • Salaries
      • Rent Paid
      • Insurance
      • Advertising
    • Expenditure
      • Asset Purchase
      • Capitalized Costs

Is It an Asset or a Liability? — Decision Flowchart

Is It an Asset or a Liability? — Decision Flowchart

The map in words

  • Item to Classify
    • Does business OWE this amount?
      • Yes: Who is it owed TO?
        • Owner or Proprietor: Internal Liability\nCapital Profits Reserves
        • Outsider Bank Supplier: External Liability\nBank Loan Creditors Outstanding Expenses
      • No: Will it give future benefit or has monetary value?
        • Yes: Can it be seen or touched?
          • Yes: Tangible Asset\nMachinery Building Cash Stock
            • Held for Resale within 1 year?
              • Yes: Current Asset\nStock Debtors Cash Bank
              • No: Fixed Asset\nLand Building Machinery Furniture
          • No: Intangible Asset\nGoodwill Patent Trademark
            • Fixed Intangible Asset
        • No: Not an Asset - Reconsider

Overview of Key Accounting Terms

Overview of Key Accounting Terms

The map in words

  • Accounting Terms
    • Capital and Drawings
      • Capital
        • Owner Investment
        • Internal Liability
        • Owner Equity
      • Drawings
        • Personal Withdrawal
        • Reduces Capital
    • Assets
      • Fixed Assets
        • Land and Building
        • Machinery
        • Furniture
      • Current Assets
        • Cash
        • Debtors
        • Stock
      • Intangible Assets
        • Goodwill
        • Patents
        • Trademark
      • Wasting Assets
        • Mines
        • Oil Wells
    • Liabilities
      • External Liabilities
        • Creditors for Goods
        • Creditors for Loans
        • Outstanding Expenses
      • Internal Liabilities
        • Capital
        • Reserves
        • Undistributed Profit
    • Revenue and Expenses
      • Revenue
        • Sales
        • Rent Received
        • Commission Received
      • Expense
        • Rent Paid
        • Wages
        • Salaries
      • Expenditure
        • Machinery Bought
        • Furniture Bought
    • Profit and Loss
      • Profit
        • Revenue exceeds Expense
        • Increases Capital
      • Loss
        • Expense exceeds Revenue
        • Decreases Capital
    • Trade Terms
      • Purchases
        • Trading Goods Bought
      • Sales
        • Trading Goods Sold
      • Stock
        • Raw Material
        • Work in Progress
        • Finished Goods
      • Debtors
        • Credit Sale Customers
        • Current Asset
      • Creditors
        • Credit Purchase Suppliers
        • External Liability

Accounting Terms

Accounting Terms

The map in words

  • Accounting Terms
    • Capital
    • Drawings
    • Assets
    • Liability
    • Revenue
    • Expense
    • Expenditure
    • Profit

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Frequently Asked Questions

What are the important topics in Accounting Terms for NIOS Class 10 Accountancy?
Key topics in Accounting Terms include Core Accounting Terms, Classification of Assets and Liabilities, Revenue, Expense, Expenditure, Profit and Loss, Purchases, Sales, Stock, Debtors and Creditors. Study these first, then practise questions on each for the NIOS Class 10 board exam.
What do the concept maps for Accounting Terms show?
The 4 maps show how the ideas in Accounting Terms connect: Accounting Terms Hierarchy - Complete Framework; Is It an Asset or a Liability? — Decision Flowchart. Each map is also written out as an outline on this page.
How should I revise Accounting Terms for the NIOS Class 10 board exam?
Learn the core ideas first, then work through the 74 practice questions on Accounting Terms. 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.

More resources for Accounting Terms

All NIOS Class 10 Accountancy Concept Maps

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