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CLASS – XI
ACCOUNTANCY

Home Assignment

1 The Companies Act doesn’t consider this system

I. Cash basis

II. Accrual basis
III. Both of them

IV. Non of them

2.This system does not require expert accounting knowledge

I. Cash basis

II. Accrual basis
III. Both of them
IV. Non of them

3. Does not follow matching concept.
I. Cash basis

II. Accrual basis
III. Both of them

IV. Non of them

4. Capital and revenue items are treated in the same manner

I. Cash basis
II. Accrual basis

III. Both of them
IV. Non of them

5. It does not present true and fair Finanacial performance

I. Cash basis
II. Accrual basis

III. Both of them
IV. Non of them

6. There are _____ bases of ascertaining profit or loss