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Question 2

               Mr. Jaspal Singh dealing in electronic goods sold 10 TV sets costing ₹30,000 each at ₹40,000
               each. Out of this ₹, 5,00,000 were received in cash and the balance is not yet received. State the
               amount of revenue.

               .
               Question 3

               Mr. Dinanath who owed us ₹50,000 became insolvent and paid only 40% of this amount. What is
               the term used for the amount not received?


               Question 4

               Explain a few basic accounting terms.

                             Business Transaction-
                             Events-
                              Account-
                              Capital-
                             Drawing-
                              Liability-
                              Assets-


                     Value-Based Questions

               Question 1
               What is the value involved in classifying the assets into current and non-current?
               Question 2

               Discuss the value involved in classifying the receipts into capital and revenue?

               Question 3
               Identify the value involved in classifying the expenditure into capital and revenue.
               Question 4

               What is the reason that the capital expenditure is shown in the balance sheet?
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