Mobile Applications in Education Quiz

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Questions and Answers

In which classes do students use the apps according to the text?

  • University levels
  • Vocational courses
  • Class 11 and 12 (correct)
  • Primary school classes

What is the main focus of the applications mentioned in the text?

  • History and Geography
  • Listening and speaking skills (correct)
  • Math and Science subjects
  • Physical education

How does the student feel after using these applications?

  • Overwhelmed with the content
  • Excited to learn more (correct)
  • Confused about studying
  • Annoyed by the apps

What type of subjects are covered by the apps mentioned?

<p>All subjects including Science, Arts, and more (C)</p> Signup and view all the answers

How does the text describe the student's attitude towards studying with these apps?

<p>Enthusiastic (D)</p> Signup and view all the answers

What is the main purpose of accounting principles?

<p>To make financial statements complete, consistent, and comparable (D)</p> Signup and view all the answers

Under the Cost Principle, how should assets be recorded in the book of accounts?

<p>At their cost price including acquisition, transportation, and installation (B)</p> Signup and view all the answers

According to the Dual Aspect Principle, every transaction should be recorded at how many places?

<p>Two (C)</p> Signup and view all the answers

When does the Revenue Recognition Principle consider revenue realized for a business transaction?

<p>When a legal right to receive it arises (B)</p> Signup and view all the answers

Which accounting principle assumes that a business will continue operating indefinitely?

<p>Going Concern Principle (D)</p> Signup and view all the answers

How does the Matching Principle suggest expenses should be treated in accounting?

<p>Expenses incurred should be matched with revenues during that period (B)</p> Signup and view all the answers

Which principle requires the disclosure of all relevant facts in financial statements and their accompanying footnotes?

<p>Full Disclosure Principle (D)</p> Signup and view all the answers

In which principle should business transactions be recorded so that profits are not overstated and anticipated losses are accounted for?

<p>Conservatism Principle (B)</p> Signup and view all the answers

Which principle associates transactions of a business with monetary units rather than physical units in the books of accounts?

<p>Money Measurement Principle (D)</p> Signup and view all the answers

According to which principle should revenue be recognized when a legal right to receive it arises?

<p>Revenue Recognition Principle (D)</p> Signup and view all the answers

Which accounting principle focuses on comparing financial position and performance over time by preparing financial statements at regular intervals?

<p>Time Period Principle (C)</p> Signup and view all the answers

Which concept states that accounting transactions should be free from bias and recorded objectively?

<p>Objectivity Principle (B)</p> Signup and view all the answers

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