11 class 1st topic Introduction of Book-keeping and accountancy objectives question and answer english /marathi
Q.1 Answer in One Sentence: 1) What is Book-keeping ? Ans: Book-keeping is an art or science of systematic recording, classifying and summarising the financial transactions of business for a particular period, generally one year. 2) What is meant by Goods? Ans: The term ‘goods’ refers to merchandise, commodities, articles or things in which a trader trades. These are purchased or manufactured for the purpose of sale and to earn profit. 3) What is Capital? Ans:The total amount invested into the business by the owner is called capital. Excess of assets over the liabilities is also called as capital. 4) What is Drawings? Ans: The amount of cash or value of goods, assets, etc., withdrawn from the business by the owner for personal use called as drawings. 5) What is Goodwill? Ans: Goodwill is the reputation of business expressed in terms of money.Goodwill is an intangible asset प्र.१ एका वाक्यात उत्तरे लिहा....
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