Introduction to Accounting Important Questions

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Accountancy

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. The root of financial accounting system is _________

    (a)

    Social accounting

    (b)

    Stewardship accounting

    (c)

    Management accounting

    (d)

    Responsibility accounting

  2. Which one of the following is not a main objective of Accounting?

    (a)

    Systematic recording of transactions

    (b)

    Ascertainment of the profitability of the business

    (c)

    Ascertainment of the Financial position of the business

    (d)

    Solving tax disputes with tax authorities

  3. Who is considered to be the internal user of the financial information

    (a)

    Creditor

    (b)

    Employee

    (c)

    Customer

    (d)

    Government

  4. _____________has rightly been termed as the language of the business.

    (a)

    Accounting

    (b)

    Book-keeping

    (c)

    Accountant

    (d)

    None of these

  5. _____________must be properly maintained to increase their productivity.

    (a)

    Liabilities

    (b)

    Assets

    (c)

    Debtors

    (d)

    None of these

  6. 6 x 2 = 12
  7. Who are the parties interested in accounting information?

  8. Name any two bases of recording accounting information.

  9. What is financial accounting?

  10. What is cost accounting?

  11. What is sales?

  12. Who is a proprietor?

  13. 6 x 3 = 18
  14. Explain the meaning of accounting

  15. Discuss in detail the importance of accounting

  16. Discuss the role of an accountant in the modern business world.

  17. Explain the term transactions

  18. What are the informational needs of internal users?

  19. Explain the objectives of Accounting?

  20. 3 x 5 = 15
  21. Narrate the evolution of accounting

  22. Explain the Accounting cycle

  23. Briefly explain the functions of accounting

*****************************************

TN 11th Standard Accountancy free Online practice tests

Reviews & Comments about 11th Accountancy - Unit 1 Model Question Paper

Write your Comment