Introduction To Accounting
NIOS · Class 10 · Accountancy
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Quick Quiz: Introduction To Accounting
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What is a business transaction?
Which activity is a personal transaction and not a business transaction?
Which activity is NOT a business transaction?
Who starts the example business with cash ₹1,00,000/-?
Sample Questions
What is the correct statement about book-keeping and accounting?
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Book-keeping and accounting are different from each other
Book-keeping and accounting are not synonymous terms; they are different.
What is book-keeping mainly concerned with?
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Recording financial data in a significant and orderly manner
Book-keeping is concerned with recording financial data in a significant and orderly manner.
Accounting is called the language of business because it mainly serves as a means of what?
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Communication
Accounting communicates the results of business operations to interested parties, so it is called the language of business.
Which branch of accounting is studied in this course?
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Financial Accounting
Only Financial Accounting is studied in this course.
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