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11th Standard Accounts Conceptual Framework of Accounting English Medium Free Online Test One Mark Questions 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. The business is liable to the proprietor of the business in respect of capital introduced by the person according to

    (a)

    Money measurement concept

    (b)

    Cost concept

    (c)

    Business entity concept

    (d)

    Dual aspect concept

  2. The concept which assumes that a business will last indefinitely is

    (a)

    Business Entity

    (b)

    Going concern

    (c)

    Periodicity

    (d)

    Conservation

  3. Which of the following does not follow dual aspect concept?

    (a)

    Increase in one asset and decrease in other asset

    (b)

    Increase in both asset liability

    (c)

    Decrease in one asset and decrease in other asset

    (d)

    Increase in one asset and increase in capital

  4. ___________ is the process of recording business transactions in the books of accounts in a systematic way.

    (a)

    book keeping

    (b)

    Accountancy

    (c)

    Statistics

    (d)

    none of these

  5. ___________ involves recording business transactions of financial nature in the books of accounts.

    (a)

    Balance Sheet

    (b)

    Trial balance

    (c)

    book keeping

    (d)

    All the above

  6. ___________ said "Book keeping is an art of recording business dealings in a set of books".

    (a)

    Norcot

    (b)

    J.R. Batliboi

    (c)

    R.N. Carter

    (d)

    Keynes

  7. _______________ cannot remember all the transactions for quite a long time.

    (a)

    Owners

    (b)

    Bankers

    (c)

    Consumers

    (d)

    Business Managers

  8. ____________ is a branch of knowledge.

    (a)

    Accountancy

    (b)

    Accounting

    (c)

    book keeping

    (d)

    double entry

  9. According to _____________ concept only business transactions are recorded.

    (a)

    Dual aspect

    (b)

    Cost

    (c)

    Business entity

    (d)

    Money measurement

  10. _______________are made for outstanding and prepaid expenses and income.

    (a)

    Adjustments

    (b)

    Journals

    (c)

    Ledger

    (d)

    Trial balance

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TN 11th Standard Accountancy free Online practice tests

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