Class-10 : Book Keeping & Accountancy - Unit-I : Final Accounts (without adjustments)
Unit I Final Accounts (without adjustments) To download Unit I (Final Accounts - without adjustments) notes in PDF for future use please click on the link below. Theory - CLICK HERE Practical - CLICK HERE Note : All the copyright of this PDF content belongs to NBSEguideonline. It is available to all NBSEguideonline users without any subscription. ★★★★★ VERY SHORT ANSWER TYPE QUESTIONS 1. What are the stages of a Final Account ? Ans : Following are the stages of preparing final accounts - I. Trading Account. II. Profit & Loss Account. III. Balance Sheet. 2. Name three items that should come on the credit side of a Debtor's account. Ans : Discount Allowed A/c , Sales Return A/c , Cash A/c 3. How are expenses on acquiring goods treated ? Ans : It is treated as direct expenses and shown on the debit side of the Trading Account. 4. Give three points of difference between Bookkeeping and Accountancy. Ans : Following are the points of difference between Bookkeeping and Accountanc