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Category: Class 11

Giving examples, explain the following accounting terms: Fixed assets, Revenue, Expenses, Short-term liability, Capital.

Class 11 accounts
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Raj is going to school. When he is not in school, you will find him working in his farm. Can you consider him as a worker? Why?

Class 11 Economics
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An establishement with four hired workers is known as______ (formal/informal) sector establishment.

Class 11 Economics
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The newly emerging jobs are found mostly in the _______sector (service/manufacturing).

Class 11 Economics
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Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy or Milk Cooperative Society of your area (iv) a tuition master (v) transport operator (vi) construction worker.

Class 11 Economics
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Are the following workers — a beggar, a thief, a smuggler, a gambler? Why?

Class 11 Economics
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Define worker-population ratio.

Class 11 Economics
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Who is a worker?

Class 11 Economics
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If the accounting information is not clearly presented, which of the following qualitative characteristic of accounting information is violated?

Class 11 accounts
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“”The role of accounting has changed over the period of time””- Do you agree? Explain.”

Class 11 accounts
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‘Accounting information should be comparable’. Do you agree with this statement. Give two reasons.

Class 11 accounts
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Distinguish between debtors and creditors; profit and gain.

Class 11 accounts
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