List of top Retail Questions on Accounting asked in CBSE CLASS XII

Journalize the following transactions: 2022
March 1 Manohar Lal and Sons started a business with cash ₹ 60,000
March 2 Purchased furniture for cash ₹ 10,000
March 4 Purchased goods for cash ₹ 25,000
March 5 Bought goods from Kamlesh ₹ 15,000

Who are the internal users of accounting information?

_____________ relate to the names of individuals, firms, companies, banks, and co-operative societies, etc.

The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as _____________.

Which of the following is a limitation of accounting?

Which of the following is not an accounting convention?