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CLASS- XI Commerce

Holiday Homework: 2019-20


 Do the given worksheet/Assignment in the subject NOTEBOOK.

Subject: English

1. Read the passage given below:
1. When you grow up in a place where it rains five months a year, wise elders help you to get
acquainted with the rain early. They teach you that it is ignorant to think that it is the same rain
falling every day. Oh no, the rain is always doing different things at different times. There is rain
that is gentle, and there is also rain that falls too hard and damages the crops. Hence, the prayer for
the sweet rain that helps the crops to grow.
2. The monsoon in the Naga Hills goes by the native name, khuthotei (which means the rice-
growing season). It lasts from May to early or mid-October. The local residents firmly believe that
Durga Puja in October announces the end of rain. After that, one might expect a couple of short
winter showers, and the spring showers in March and April. Finally, comes the ‗‗big rain‘‘ in May;
proper rainstorms accompanied by heart-stopping lightning and ear-splitting thunder. I have stood
out in storms looking at lightning arc across dark skies, alight-and-sound show that can go on for
3. This is the season when people use the word sezuo or süzu to refer to the week-long rains, when
clothes don‘t dry and smell of mould, when fungus forms on the floor and when you can‘t see the
moon or the stars because of the rainclouds. But you learn not to complain. Rain, after all, is the
farmer‘s friend and brings food to the table. Rituals and festivals center on the agricultural rhythm
of life, which is the occupation of about 70 percent of the population.
4. The wise learn to understand its ways. I grew up hearing my grandfather say, ‗‗It‘s very windy
this year. We‘ll get good rain.‘‘ If the windy season was short and weak, he worried there might
not be enough rain for the crops. I learned the interconnectedness of the seasons from childhood,
and marveled at how the wind could bring rain. Another evening, many rainy seasons ago, my
paternal aunt observed the new moon and worried, ‗‗its legs are in the air, we‘re in for some heavy
rain.‘‘ She was right. That week, a storm cut off powerlines and brought down trees and bamboos.
5. Eskimos boast of having a hundred names for snow. Norwegians in the north can describe all
kinds of snow by an equal amount of names: pudder, powder snow, wet snow, slaps, extra wet
snow, tight snowfall, dry snow, and at least 95 more categories of snow. Likewise, in India we have
names and names for rain. Some are common, some are passing into history.
6. The rains are also called after flowering plants and people believe that the blossoming of those
plants draws out rain. Once the monsoons set in, field work is carried out in earnest and the work
of uprooting and transplanting paddy in flooded terrace fields is done. The months of hard labor
are June, July and August. In August, as the phrogü plant begins to bloom, a rain will fall. This
August rain, also called phrogü, isa sign that the time for cultivation is over. If any new grain seeds
are sown, they may not sprout; even if they do sprout, they are not likely to bear grain. The rain
acts as a kind of farmer‘s almanac.
7. The urban population of school-goers and office-goers naturally dislikes the monsoon and its
accompanying problems of landslides, muddy streets and periodic infections. For non-farmers, the
month of September can be depressing, when the rainfall is incessant and the awareness persists that
the monsoons will last out till October. One needs to have the heart of a farmer to remain grateful
for the watery days, and be able to observe — from what seems to the inexperienced as a
continuous downpour — the many kinds of rain. Some of the commonly known rain-weeks are
named after the plants that alternately bloom in August and September. The native belief is that the
flowers draw out the rain.
8. Each rain period has a job to fulfil: October rain helps garlic bulbs to form, while kümünyo rain
helps the rice bear grain. Without it, the ears of rice cannot form properly. End October is the most
beautiful month in the Naga Hills, as the fields turn gold and wild sunflowers bloom over the
slopes, all heralding the harvest. Prayers go up for protecting the fields from storms, and the rains to
retreat because the grain needs to stand in the sun and ripen. The cycle nears completion a few
weeks before the harvest, and the rain does retreat so thoroughly from the reaped furrows that the
earth quickly turns hard. The months of rain become a distant memory until it starts all over again.

1. On the basis of your understanding of the above passage, complete the statements given below
with the help of options that follow:
(a) The rains are called after flowering plants because
(i) Heavy rains kill plants.
(ii) Flowers grow in the rainy season.
(iii) It is believed that the plants bring the rain.
(iv) Flowers grow all the year round.

(b) The rain is like a calendar for farmers because

(i) It tells them when to sow and when to harvest.
(ii) It tells them the birthdays of their children.
(iii) Each month has a time for plantation.
(iv) Different kinds of rain tell different things.

(c) People who live in cities don‘t like rain because

(i) It brings mud and sickness with it.
(ii) They are not bothered about the farmers.
(iii) They don‘t like the plants that grow during the rain.
(iv) Going shopping becomes difficult.

(d) People pray asking the rain to retreat because

(i) The fungus and mould need to dry.
(ii) Children don‘t get a chance to play.
(iii) The crops need the sun and heat to ripen.
(iv) They like to pray.
2, Answer the following questions briefly
(e) Why do the elders want you to understand the rains in the Naga Hills?
(f) What does Durga Puja mean to the farmers of the Naga Hills?
(g) What kind of rain is called sezuo?
(h) What is the occupation of more than half the population of the Naga Hills?
(i) How is the heart of the farmer different from that of the city person?
(j) When does rain become a memory in the minds of the people of the Naga Hills?
(k) Find words from the passage which mean the same as the following:
(i) Flowering (para 6)
(ii) Nonstop (para 7)

2. Read the passage given below:

1. Every morning Ravi gives his brain an extra boost. We‘re not talking about drinking strong cups
of coffee or playing one of those mind-training video games advertised all over Facebook. ‗‗I jump
onto my stationary bike and cycle for 45 minutes to work,‘‘ says Ravi. ‗‗When I get to my desk, my
brain is at peak activity for a few hours.‘‘ After his mental focus comes to a halt later in the day, he
starts it with another short spell of cycling to be able to run errands.
2. Ride, work, ride, repeat. It‘s a scientifically proven system that describes some unexpected
benefits of cycling. In a recent study in the Journal of Clinical and Diagnostic Research, scientists
found that people scored higher on tests of memory, reasoning, and planning after 30 minutes of
spinning on a stationary bike than they did before they rode the bike. They also completed the tests
faster after pedaling.
3. Exercise is like fertilizer for your brain. All those hours spent on exercising your muscles, create
rich capillary beds not only in leg and hip muscles, but also in your brain. More blood vessels in
your brain and muscles mean more oxygen and nutrients to help them work. When you pedal, you
also force more nerve cells to fire. The result: you double or triple the production of these cells —
literally building your brain. You also release neurotransmitters (the messengers between your brain
cells) so all those cells, new and old, can communicate with each other for better, faster
functioning. That‘s a pretty profound benefit to cyclists.
4. This kind of growth is especially important with each passing birthday, because as we age, our
brains shrink and those connections weaken. Exercise restores and protects the brain cells.
Neuroscientists say, ‗‗Adults who exercise display sharper memory skills, higher concentration levels,
more fluid thinking, and greater problem-solving ability than those who are sedentary.‘‘
5. Cycling also elevates your mood, relieves anxiety, increases stress resistance, and even banishes
the blues. ‗‗Exercise works in the same way as psychotherapy and antidepressants in the treatment
of depression, maybe better,‘‘ says Dr. Manjari. A recent study analyzing 26 years of research finds
that even some exercise — as little as 20 to 30 minutes a day — can prevent depression over
thelong term.
6. Remember: although it‘s healthy, exercise itself is a stress, especially when you‘re just getting
started or getting back into riding. When you first begin to exert yourself, your body releases a
particular hormone to raise your heart rate, blood pressure, and blood glucose levels, says Meher
Ahluwalia, PhD, a professor of integrative physiology. As you get fitter, it takes a longer, harder
ride to trigger that same response.

1. On the basis of your understanding of the passage, complete the statements given below with the
help of the options that follow:
(a) Ravi gets his brain to work at peak level by
(i) drinking three cups of coffee.
(ii) playing games that need brain activity.
(iii) cycling on a stationary bike.
(iv) taking tablets to pump up his brain.

(b) When nerve cells work during exercise then

(i) the body experiences stress.
(ii) the bran is strengthened by multiplying them.
(iii) you start to lose your temper.
(iv) your stationary cycle starts to beep.

2. Answer the following questions briefly:

(c) How does exercise help the brain?
(d) Why does Ravi do a circuit of ‗ride, work, and ride‘?
(e) What is the work of neurotransmitters?
(f) What benefits other than greater brain activity does one get from cycling?
(g) Why is exercise so important for adults?
(h) How is exercise itself a stress?

(i) Find words from the passage which mean the same as the following:
(i) manure (para 3)
(ii) inactive (para 4)
4. Read the passage given below:

1. If one early June morning you are suddenly stopped in your walk by a ringing ―piu-piu-piu-pee-
pee-piu-piu‖ call coming from the trees in your park or garden, you will feel your heart suddenly
lifted. Look around and you may see two large, handsome, black-and-white birds with long
coattails chase each other through the trees. They are pied cuckoos that have come from Africa, and
are said to announce the arrival of the greatest show on earth – the Indian monsoon. Be assured,
the curtain will rise in a month or so.
2. To get a proper view of the onset of the monsoon, you really need to be stationed anywhere on
the coastline of India or up in the hills. The grand show of grey clouds approaches like an airborne
army, preceded by cool breezes, filling the air with electric charge so that you feel very happy.
Spear of lighting flickers in the sky and the sound of thunder make you feel excited.
And then, it pours. The cracked earth without any green cover sucks down the flood of water-and
then Mother Nature goes mad. Seeds scattered or buried like grains of sand or pebbles in the
ground suddenly come to life. Shoots of plants rocket skywards, roots plunge into the soft, spongy
earth sucking up water and nutrients. It‘s a hint the grasshoppers have been waiting for. And bugs,
beetles, caterpillars, centipedes, etc. emerge in their billions, feasting on the fresh green plants in the
fields (to the annoyance of many a farmer) as also on each other.
3. There are miracles and there is music too: singing golden frogs appearing in large numbers in a
rain-filled ditch, taking part in a group song that Bollywood would have envied. They vanish the
very next day. They‘d been waiting patiently all through the blistering summer, deep underground,
conserving whatever moisture they had soaked up. Fireflies wink through the trees in the hills,
sending their greenish signals to one another in codes as precise as any we may use for our most
secret messages.
4. All this is what the birds have been waiting for. Most birds have spent the spring and summer
courting and now it‘s time to settle down. Baby birds need a lot of high protein at frequent
intervals, which the rich supply of insect life so happily provides: Caterpillars are eaten up in their
millions, as are furry moths, earthworms slurped down like noodles, spiky dragonflies beaten to bits
to soften them up into baby food. The long-legged storks and herons – get busy with fishing.
As for the big guys like lions and tigers in the jungles: they too had it relatively easy during the
summer when their thirsty prey came to the waterholes. Now, with water easily available, in
streams and ponds all over, they need to work harder for their meals. But yes, this is, perhaps,
compensated by the arrival of baby deer – and fawns are sweet and soft, not very experienced in
the merciless ways of the lions and tigers, even if they may seem more like a snack than a main
meal. The animals get a rest from us, too, as parks and sanctuaries close down, not so much out of
kindness as because the roads become impassable.
5. And then, just as you are beginning to tire of the green mould on your shoes, belts and bags, and
of all the sniffles and snuffles that the rains also bring (bacteria and viruses also love this season), the
clouds begin to disperse and float away in large armies. But before this happens, at least once, do
go out in the midst of a downpour, raise your face to the heavens and dance and sing and celebrate
this, the greatest show on earth.
1. On the basis of your understanding of the above passage answer each of the questions given
below by choosing one of the options that follow:

(a) The winged messengers from Africa:

(i) Bring rain from Africa
(ii) Bring the message that the rains are coming soon.
(iii) Create a lot of horrible noise.
(iv) Are not welcome.

(b) Baby birds benefit from the rains because:

(i) The mummy bird cannot fly in the rain.
(ii) They need a lot of noodles.
(iii) The rain brings a lot of insects which they eat.
(iv) They like wet nests.

(c) Humans don‘t visit the animals in game sanctuaries during the rainy
Season because:
(i) Humans don‘t like to get wet.
(ii) The paths to the sanctuaries become waterlogged.
(iii) Baby animals are born in the sanctuaries.
(iv) Humans get bitten during the rainy season.

(d) The green mould that grows on leather comes:

(i) From the creepy insects that come with the rain.
(ii) Because grass becomes very green during the rainy season.
(iii) Because of the moisture in the air during the rainy season.
(iv) From fluffy clouds in the sky.

2. Answer the following questions briefly:

(a) What according to the author is the advantage of staying near the coast?
(b) How does Mother Nature react to the monsoon rain?
(c) What do bugs, beetles, caterpillars, etc. do after the rains?
(d) Why do lions and tigers have to work harder to catch their prey during the rainy season?
(e) Why are parks and sanctuaries closed during the rains?
(f) Mention one bad thing that the rainy season brings.

2.3 Find words from the passage which mean the same as each of the following:
(i) Declare (para 1)
(ii) Disappear (para 3)


1. Edit the following sentences by underlining the word spelt wrongly. Then, provide the correct
spelling in the given spaces.

1. I think health is more important than wealth.

2. It was too expansive so I did not purchase it.
3. We went to the stationary section of the bookstore.
4. Be prudent and avoid excessive spending.
5. My sister is a shopaholic.
6. My father's investments turned out to be good.
7. The couple had an extravagant lifestyle that got them into debt
8. We always budget our expenses.
2. There are 10 errors in the test. Correct these errors

Haziq is a 27-year-old engineer. He (1) never knows his parents. He was raised in an orphanage in
Kuala Perlis. His parents (2) are sending him to the orphanage when he was three years old, as they
were too poor to give him proper care. He was brought up with other orphans who he fondly (3)
considering as his siblings.

He won a scholarship to study engineering at the University of Cambridge. In London, he (4) is

attending a course in genealogy which sparked his interest to find his parents. He vows he would
track his parents as he (5) wanted to know more about himself. When he (6) had returned to
Malaysia in 2009, he went back to the orphanage and started his journey of looking for his parents.
He empathizes with other people who (7) are looking for their long-lost relatives. This is the reason
why he started his new company called Reunited-to reconnect people with their lost loved ones.
He believes a lot of people are interested in reconnecting with their past. Reunited has been
successful in reuniting clients with their loved ones. However, Haziq (8) was still searching for his
parents. He (9) knew his journey will not be an easy one and he may end up at a dead end.
Nevertheless, he (10) has determined to keep tracking his parents and will not give up easily.

3. Each of the following sentences contains at least one error. Correct the errors and rewrite the
corrected sentences.

1. You don't need so much eggs for your cake, just a little.
2. All my money have gone. Someone have stole all my savings!
3. How long have your book been lying on the grass? You must take more care.
4. The building which is being rebuilt which was partly destroyed in the war.
5. That is the woman who house we took shelter in her house.
6. "I don't have some coins with me," I said sorry to the beggar.
7. He is more friendly than his brother, much for our disappoint.
8. My father has to concentuate to drive because it is darkness.
9. It is raining continuingly since the previous night.
10. The boulder was very heavy which was lying over the stream.

4. From the marked areas A, B, C and D, identify the one that is wrong, correct it.

1. (A) She is good (B) at all sorts of things, (C) example, playing the piano and (D) solving
Mathematics problems.

2. The (A) flood situation in New Orleans (B) have worsened but (C) government bodies are doing
everything they can (D) to help the people.

3. The officer (A) in charge the police post of Hill village will (B) be visiting all homes (C) in this
area to inquire as to (D) the problems of the people here.

4. (A) It has been reported that (B) there are unauthorized people are going from (C) house to
house collecting (D) food and clothing.

5. (A) This person who is caught (B) will be dealt with (C) severely by (D) the authorities.

6. (A) The public is advised (B) to ask to see the (C) authority cards of people who (D) is claiming
to be Flood Officials.
7. Please (A) leave immediately. No (B) personal belongings to be carried as there is (C) only one
boat available (D) to carry all the people.

8. Leave as soon (A) as you can. (B) Water is rising slowly (C) but surely. This area will soon be (D)
under over six feet of water at least.

9. Although (A) the flood waters are rising, (B) no immediate danger. So, do not (C) panic.
Everyone will be brought (D) to safety.

10. (A) In spite the warnings (B) over the radio and television, many (C) people refused to (D)
leave their homes.

5. In the following passage a word is missing in the line against which a blank is given. Find out the
place where you think the word is missing and write the word that comes before and after it.

Before Missing After

Have you ever seen banyan tree? The banyan a) ______ ______ ______

must be the biggest tree found India. A fully b) ______ ______ ______

grown banyan is as high as 3 storeyed building. c) ______ ______ ______

We do not see banyan in cities. They are so d) ______ ______ ______

huge that they grow only open places. e) ______ ______ ______

The Banyan looks like palace standing on pillars. f) ______ ______ ______

It does not just have main trunk like others do, g) ______ ______ ______

it has many roots coming down. These hanging

roots enter ground and look like smaller trunks. h) ______ ______ ______

6. Find a mistake (one in each line) and write the correction. Ensure that correct words has been

We should have a optimistic attitude towards life (a) _______ _______

The combination of initiative, confidence and determine (b) _______ _______

is a most essential for scaling great heights in life. (c) _______ _______

Life is not the bed of roses. So a few difficulties (d) _______ _______

are always here. (e) _______ _______

On another hand, they may be stepping stones (f) _______ _______

to our success. A more we work the better (g) _______ _______

it will be. Remember a old saying, ―Work is its own reward.‖ (h) _______ _______

7.The following passage has NOT been edited. There is an error in each line. Identify the right error
and replace it with the correct word:

One morning, the Nawab call a) _________

his minister and said him b) _________

that I wanted the length and c) _________

breadth from the earth d) _________

To be measured. He also feel the e) _________

need to have the stars on the f) _________

sky counted.


1. You are Isha of R.K.Memorial Sr. Secondary School Gurgaon. As the Cultural Secretary of your
school, write a notice for your school notice board inviting names for the excursion to Goa planned
in the last week of September. Give all relevant details.

2. You are the secretary of the Music Club of your school. Your school is celebrating 7th Inter
School music carnival for the students of class VII and XII. Write a notice inviting those who are
interested to appear for an audition in the presence of a renowned singer Mr. Gautam Sharma.
Construct necessary details.

3. Public demonstration causes a lot of disturbance in daily routine of common man. You almost
missed your important entrance examination as people blocked the highway. As Tarun / Taruna, a
student aspiring to be a doctor, write a letter to the Editor of The Times of India highlighting the
need to discourage such demonstrations and disturbance by public on highways which cause a great
loss of time and opportunity for many. (100-125 words)

4. You are Radha /Ram member of NGO AWAAZ. Write a letter to the editor of a national daily
for a public movement to clean the Yamuna River. (You must introduce yourself, describe how the
people are to be blamed for polluting the river and suggest the need for installing water treatment
plant to clean the river).
SUBJECT- Business studies


Case Study on a Product

Take a product having seasonal growth and regular demand with which students can relate. For


Students may develop a Case Study on the following lines:

(i) Research for change in price of the product. For example, apples in Himachal Pradesh
during plucking and non plucking season.
(ii) Effect on prices in the absence of effective transport system.
(iii) Effect on prices in the absence of suitable warehouse facilities.
(iv) Duties performed by the warehouses.
(v) Demand and supply situation of the product during harvesting season, prices near the
place of origin and away.
Students may be motivated to find out the importance of producing and selling these
products and their processed items along with the roles of Transport, Warehousing,
Advertising, Banking, Insurance, Packaging, Wholesale selling, Retailing, Co-operative
farming, Co-operative marketing etc.

Presentation and Submission of Project Report

Following essentials are required to be fulfilled for its preparation and submission.
1. The total length of the project will be of 25 to 30 pages.
2. The project should be handwritten.
3. Students to prepare observation tools to be used for undertaking the project. Examples;
worksheets, questionnaire, interviews and organisational chart etc.
4. The project should be presented in a neat folder.
5. The project report should be developed in the following sequence-
 Cover page should include the title of the Project, student information, school and year.
 List of contents.
 Acknowledgements and preface (acknowledging the institution, the places visited and the
persons who have helped).
 Introduction.
 Topic with suitable heading.
 Planning and activities done during the project, if any.
 Observations and findings of the visit.
 Conclusions (summarized suggestions or findings, future scope of study).
 Photographs (if any).
 Appendix

Subject Economics
Prepare a Survey report file on ―Consumer Awareness in different products‖

1. Prepare a Questionnaire based on consumer items like mobile phones, laptops, bikes,
networking companies, magazines, pen, online shopping etc.
2. Divide the Questionnaire in the parts.
1. Personal information.
2. Product or service information.
3. Consumer awareness.
3. Personal information should contain name, gender and age of the informant.
4. Consumer awareness questions should be limited. No. Of questions should be between 15-20
5. Aim of the Project
6. Definition of Consumer Awareness
7. Classification of data (Analysis, Interpretation of each question)
8. Presentation of Data-Bar Graph, Pie chart etc.
9. Consumer Rights
10. Conclusion
11. Bibliography

Subject Economics


1. What is function of statistics?

2. What is the limitation of statistics?

3. What is primary and secondary data?

4. What is sampling and census method?

5. What is the objective of classification of data?

6. What do you mean by tabular presentation of data?

7. What are the essential features of a good questionnaire?


1. What is PPC? Explain it with its features.

2. Explain the problem what to produce?

3. Explain the problem How to produce?

4. Explain the problem for whom to produce?

5. How does a consumer attain equilibrium in case of single commodity?

6. Explain the law of diminishing MU.

7. Explain consumer equilibrium in case of IC-analysis.

8. Explain the features of IC.

9. Explain the factors affecting demand.

Subject Accountancy

Instructions: Holiday Homework will be done in Accounts Notebook

1. Name any two objectives of accounting.

2. Explain any one limitation of accounting.

3. What is meant by Reliability?

4. Why are investors and potential investors interested in financial statement of a company?

5. State the accounting assumption or principle involved in each of the following cases.

i. It is assumed that the business will not be liquated in the near foreseeable future.
ii. Accounts are recorded in books at the cost incurred on acquisition of such assets.
iii. Stock is recorded at cost or market value, whichever is less.

6. During the Accounting period 2018-19 Uday had total sales of Rs.5,80,000,out of which,
cash sales are of 3,70,000.The total expenses for the year are Rs.2,80,000 out of which
Rs.70,000 are still outstanding. Find out Uday‘s income for the year 2018-19 as per:

i. Cash Basis of Accounting

ii. Accrual Basis of Accounting

7. On which side an increase in the following accounts will be recorded

i. Purchase
ii. Sales
iii. Creditors
iv. Machinery
v. Bank overdraft

8. Develop an accounting equation with the help of following transactions:-

i. Started business with cashRs.40,000,goods Rs.50,000 and furniture Rs.10,000

ii. Purchased goods from Sohan Rs.20,000
iii. He sold goods purchased from Sohan for Rs.25,000 to Ram
iv. He paid Sohan in full settlement of his account Rs.19,500
v. Received cash from Ram in full settlement Rs.24,200
vi. Paid Rent Rs.3,000 but Rs.800 is still outstanding
vii. Charge Depreciation on furniture Rs.1,000
viii. Received commission Rs.2,000,including Rs.500 as advance
ix. Charge interest on capital Rs.8,000

9. Mr.Sohan started business with a capital of 1, 00,000.Following transactions took place

during the year.
i. Deposited Rs.60,000 into bank
ii. Purchased goods from Amit Rs.30,000
iii. Sold goods costing Rs.20,000 for Rs.25,000 to Mohan out of which 7,000 received
in cash
iv. Paid Salary Rs 5,000 but salary still unpaid Rs.1,000
v. Received commission Rs.2,000 including 25% as advance
vi. Sold goods costing Rs.5,000 at a loss of Rs.500in cash
vii. Received Rs.17,400 from Mohan in full settlement of his account by cheque
viii. Returned goods to Amit Rs.2,000
ix. Issued a cheque of Rs.27,200 to Amit in full settlement of his account
Use accounting equation give effects to above transactions.

10. Show that accounting equation is satisfied in the following cases:

i. Ajay commenced business with cash 40,000 and goods Rs.20,000
ii. Sold half the goods at a profit of 25% to Ram
iii. Sold half the goods at alossof10% for cash
iv. Bought goods from Rakesh Rs.25000 and paid Rs.9000 in cash
v. Bought Furniture Rs.7000 for office use and for Rs. 3000 for domestic purpose
vi. Paid insurance premium Rs.1000 of which Rs.200 is prepaid.

11. Who is a creditor?

12. Give two examples of Intangible Assets.
13. Name two long term liabilities.
14. Give the meaning of Full Disclosure Principle of Accounting.
15. Explain Money Measurement Concept.
16. What do you understand by Accounting Concepts?
17. What are the two basis of accounting?
18. What are the disadvantages of Accrual Basis of Accounting?
19. The assets of a business on 31st March 2018 are Rs.50,000 and its capital is Rs.35,000.Its
liabilities on that date shall be Rs………….
20. What is the owner‘s Equity?