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Accounts class 11th

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Questions and Answers

Which of the following is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data?

Statistics (correct)

Geometry

Algebra

Calculus

What is the main purpose of statistics?

To measure the size of objects

To solve complex equations

To predict future events

To analyze and interpret data (correct)

Which of the following is NOT a common statistical measure?

Mode

Magnitude (correct)

Median

Mean

Which of the following is NOT a type of account in class 11th?

All of the above are types of accounts in class 11th Signup and view all the answers

What is the main purpose of studying accounts in class 11th?

To understand the financial transactions of businesses Signup and view all the answers

Which of the following is NOT a characteristic of a nominal account in class 11th?

It is a permanent account Signup and view all the answers

Study Notes

Statistics

A branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data.

Purpose of Statistics

To make informed decisions by summarizing and describing data to extract meaningful patterns and trends.

Common Statistical Measures

Mean
Median
Mode

Accounts in Class 11th

The main purpose of studying accounts is to understand the process of recording, classifying, reporting, and analyzing financial transactions and events of a business.

Types of Accounts

Real Accounts
Nominal Accounts
Personal Accounts

Characteristics of Nominal Accounts

Related to expenses, losses, incomes, and gains
Closed at the end of an accounting period
Balance is transferred to the Profit and Loss Account

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Description

Test your knowledge of statistics with this quiz! Explore the branch of mathematics that focuses on data collection, analysis, and interpretation. Learn about the main purpose of statistics and identify common statistical measures. Challenge yourself now!