KSET 2026 Commerce MCQs | Accounting & Auditing | Unit 2 | Topic 1 | MCQ Practice Series #Day 01

KSET 2026 / UGC NET Commerce – MCQ Practice Series | Video 01 Welcome to the KSET/NET Commerce MCQ Practice Series by Professor Mahalakshmi. 📚 In this video, we begin Unit 2 – Accounting and Auditing, with Topic 1: Accounting Concepts and Principles. This video contains 16 original practice MCQs designed to help Commerce students revise important accounting concepts and strengthen their exam preparation. 📌 In this video: ✅ Accounting concepts ✅ Accounting principles ✅ Prudence concept ✅ Entity concept ✅ Going concern ✅ Revenue recognition ✅ Matching & realisation concepts ✅ Accounting equation ✅ Financial assets ✅ Wasting assets ✅ Work-in-progress ✅ Revenue & capital expenditure ✅ Provision ✅ Gross profit #accountingandauditing #accountingmcqs #commercemcqs