Skip to main content
Super TutorResources
Chapter 3 of 17
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Important Questions

Accounting Terms

NIOS · Class 10 · Accountancy

Most important questions from Accounting Terms for NIOS Class 10 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.

74 questions28 flashcards5 concepts

Interactive on Super Tutor

Studying Accounting Terms? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for important questions and more.

Try Super Tutor — Free

1,000+ Class 10 students started this chapter today

74 Questions·
multiple choicemultiple correcttrue false

Sample Questions

1multiple choice
1 marks

Which asset can be seen and touched?

Show answer

Tangible asset

Tangible assets have physical existence and can be seen and touched.

2multiple choice
1 marks

What does liability mean for a business?

Show answer

Obligations or debts payable by the business in future

Liabilities are the obligations or debts payable by the business unit in future.

3multiple choice
1 marks

Which term refers to money earned from regular business activity?

Show answer

Revenue

Revenue refers to the inflow of money or other assets from sale of goods or services or from the use of money.

4multiple choice
1 marks

What is expense?

Show answer

All costs incurred in earning revenue

Expenses are all costs incurred in earning revenue.

+70 more questions available

Practice All

Frequently Asked Questions

What are the important topics in Accounting Terms for NIOS Class 10 Accountancy?
Key topics in Accounting Terms include Accounting Terms Hierarchy - Complete Framework, Is It an Asset or a Liability? — Decision Flowchart, Overview of Key Accounting Terms. These are the concepts NIOS Class 10 examiners draw on most — study them first, then practise related questions.
How to score full marks in Accounting Terms — NIOS Class 10 Accountancy?
Understand the core concepts first, then work through the 74 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Accounting Terms?
There are 74 practice questions available for Accounting Terms. These cover multiple question types including MCQs, short answer, and long answer questions.

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 17 chapters — NIOS Class 10 Accountancy Important Questions

For serious students

Get the full Accounting Terms chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for NIOS Class 10 Accountancy.

Try Super Tutor Free
Try the full chapter — Free