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NCERT Class 12 Accountancy Chapter 1 Quiz
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NCERT Class 12 Accountancy Chapter 1 Quiz

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Questions and Answers

What is the main focus of NCERT Solution for Class 12 Accountancy Chapter 1?

  • Cost Accounting
  • Accounting for Profit Organisation
  • Financial Management
  • Accounting for Not-for-Profit Organisation (correct)
  • What does the latest CBSE Syllabus 2023-24 state about Chapter 1 of Class 12 Accountancy?

  • It has been removed (correct)
  • It has been expanded
  • It has been made optional
  • It has been revised
  • What is the purpose of NCERT Solutions for Class 12 Accountancy?

  • To explore international accounting standards
  • To prepare for CBSE Class 12 Accountancy examinations (correct)
  • To learn advanced financial management
  • To understand cost accounting principles
  • What is the nature of the NCERT Class 12 Solutions?

    <p>Easy to comprehend</p> Signup and view all the answers

    How does NCERT Solution for Class 12 Accountancy Chapter 1 relate to Class 11?

    <p>It is a continual part of the basic fundamentals learned in Class 11</p> Signup and view all the answers

    What does management involve?

    <p>Coordinating the efforts of employees or volunteers to accomplish objectives</p> Signup and view all the answers

    What is the primary focus of 'Run the business' concept in management?

    <p>Continued delivery of goods or services</p> Signup and view all the answers

    In the context of management, what does the term 'management' refer to?

    <p>Those people who manage an organization</p> Signup and view all the answers

    What is the science of managing the resources of businesses, governments, and other organizations called?

    <p>Management</p> Signup and view all the answers

    What are the two concepts used in management to differentiate between delivery and adaptation of goods or services?

    <p>Run the business and Change the business</p> Signup and view all the answers

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