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Accountancy · 2023 · 4 marks
CBSE 2023 · Region 4 · Set 3 · Q33
Explain account group 'Current Assets'.
Explain account group 'Current Assets'.
OR
Give the meaning of 'lake s' l and 'values' as used in spreadsheet.
Marking-scheme solution
Any four from Current Account with appropriate explanation.
(1)
Stock in Hand
(2)
Loans and Advances
(3)
Sundry Debtors
(4)
Bank Account
(5)
Cash in Hand
(6)
Miscellaneous Expenditure
Q.(b) Give the meaning of ‘labels’ and ..................................................
Ans.
Labels : Text or descriptive date such as names, months, usually includes alphabetic characters. Excel
aligns text to left side of the cell.
Values : Numbers are generally raw numbers or dates.
Whole value : If the data is a whole value, such as $\displaystyle 34$ or $\displaystyle 5763$ excel aligns the data to
the right side of the cell.
Value with a decimal: If the data is a decimal value. Excel aligns the data to the right
side of the cell including decimal point – example.
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.