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11th Standard Accounts Books of Prime Entry English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

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Accountancy

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. 'Cash withdrawn by the proprietor from the business for his personal use' causes ____

    (a)

    Decrease in assets and decrease in owner's capital

    (b)

    Increase in one asset and decrease in another asset

    (c)

    Increase in one asset and increase in liabilities

    (d)

    Increase in asset and decrease in capital

  2. Real account deals with ______

    (a)

    Individual persons

    (b)

    Expenses and losses

    (c)

    Assets

    (d)

    Incomes and gains

  3. Prepaid rent is a ____

    (a)

    Nominal A/c

    (b)

    Personal A/c

    (c)

    Real A/c

    (d)

    Representative personal A/c

  4. In double entry system of book keeping, every business transaction affects ______

    (a)

    Minimum of two accounts

    (b)

    Same account on two different dates

    (c)

    Two sides of the same account

    (d)

    Minimum three accounts

  5. ________ is prepared in three copies.

    (a)

    Debit Note

    (b)

    Credit Note

    (c)

    Receipts

    (d)

    Invoice

  6. A debit note is called as _______

    (a)

    debit memo

    (b)

    credit memo

    (c)

    pay-in-slip

    (d)

    receipts

  7. _________ is a negotiable instrument.

    (a)

    Cheque

    (b)

    Cash

    (c)

    Discount

    (d)

    Premium

  8. Accounting equation is a ____ expression which. shows that the total of assets is equal to the total liabilities and capital.

    (a)

    scientifical

    (b)

    mathematical

    (c)

    social

    (d)

    all the above

  9. Transactions relating with individuals or firms or companies are known as _______

    (a)

    personal accounts

    (b)

    real accounts

    (c)

    nominal accounts

    (d)

    capital accounts

  10. The word journal has been derived from the French word 'Jour' Jour means _________

    (a)

    Cash

    (b)

    Money

    (c)

    Day

    (d)

    None of these

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TN 11th Standard Accountancy free Online practice tests

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