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CLASS – XI
ACCOUNTANCY
Home Assignment
1.Salary paid will result in _________ of capital.
I. increase
II. decrease
III. no change
IV. Non of them
2. Rent paid will result in _________ of capital.
I. increase
II. decrease
III. no change
IV. Non of them
3. Commission received will result in _________ of capital.
I. increase
II. decrease
III. no change
IV. Non of them
4. Any withdrawn done by owner is ____________
5. Any contribution by owner is ____________
6. An Accounting equation is based on the __________concept of accounting.
7. According to dual concept, every transaction has ______ aspects .
8.Interest paid will result in _________ of capital.
I. increase
II. Decrease
III. no change
IV. Non of them
