Accounting Concepts and Conventions
NIOS · Class 10 · Accountancy
Most important questions from Accounting Concepts and Conventions for NIOS Class 10 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.
Interactive on Super Tutor
Studying Accounting Concepts and Conventions? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for important questions and more.
1,000+ Class 10 students started this chapter today
Sample Questions
Which of the following cannot be recorded in books of accounts because it cannot be measured in money?
Show answer
Sincerity of employees
Qualitative factors like sincerity, loyalty and honesty cannot be measured in money, so they are not recorded.
What does the Going Concern Concept assume about a business firm?
Show answer
It will continue its activities for an indefinite period
The Going Concern Concept assumes the business will continue for an indefinite period.
Why is the Going Concern Concept important for depreciation on fixed assets?
Show answer
It provides the basis for charging depreciation
Depreciation is charged because the asset is expected to be used over many years under the going concern assumption.
What does the Dual Aspect Concept state about every transaction?
Show answer
It has a dual effect on two accounts
Every transaction affects two accounts on opposite sides under the Dual Aspect Concept.
+73 more questions available
Practice AllFrequently Asked Questions
What are the important topics in Accounting Concepts and Conventions for NIOS Class 10 Accountancy?
How to score full marks in Accounting Concepts and Conventions — NIOS Class 10 Accountancy?
How many important questions are there in Accounting Concepts and Conventions?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Accounting Concepts and Conventions
Practice Quiz
Test yourself with a quick quiz
Revision Notes
Key points for last-minute revision
Formula Sheet
All formulas in one place
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect visually
Study Plan
Step-by-step plan to ace this chapter
Flashcards
Quick-fire cards for active recall
Syllabus
What topics to cover
NCERT Solutions
Every textbook question solved step by step
For serious students
Get the full Accounting Concepts and Conventions chapter — for free.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for NIOS Class 10 Accountancy.