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Class XI Accountancy Evaluation-1

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Questions and Answers

According to the business entity concept, what is the relationship between a business enterprise and its owners?

The owners have no relationship with the business enterprise

The owners are considered as accounting units separate from the business enterprise (correct)

The owners' personal transactions are recorded in the books

The owners are responsible for paying the price in cash for goods purchased or services received

Which of the following is the correct definition of a creditor?

A person who does not pay the price in cash for goods purchased or services received (correct)

A person who pays the price in cash for goods purchased or services received

A person who is the owner of the business

A person who records personal transactions in the books

How many questions are there in this question paper?

17 (correct)

What is the time allowed for this evaluation?

<p>90 minutes (B)</p> Signup and view all the answers

How many marks are the questions numbered 13 to 15 carrying?

<p>4 marks each (A)</p> Signup and view all the answers

Class XI Accountancy Evaluation-1

Choose a study mode

Podcast

Questions and Answers

According to the business entity concept, what is the relationship between a business enterprise and its owners?

Which of the following is the correct definition of a creditor?

How many questions are there in this question paper?

What is the time allowed for this evaluation?

How many marks are the questions numbered 13 to 15 carrying?

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