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11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Five

11th Standard

    Reg.No. :
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Accountancy

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

    Answer all the questions

    10 x 1 = 10
  1. The document prepared by the seller when he sells goods to the buyer is _____________.

    (a)

    Voucher

    (b)

    Invoice

    (c)

    Receipt

    (d)

    Ticker

  2. Who is considered as the external user of financial information?

    (a)

    Management

    (b)

    Owners

    (c)

    Government

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

    (a)

    Cash

    (b)

    Money

    (c)

    Day

    (d)

    None of these

  4. ________ accounts show the values of assets.

    (a)

    Real

    (b)

    Personal

    (c)

    Nominal

    (d)

    Journal

  5. The difference of totals of both debit and credit side of trial balance is transferred to :

    (a)

    Trading account

    (b)

    Difference account

    (c)

    Suspense account

    (d)

    Miscellaneous account

  6. The person who endorses is called the _____

    (a)

    Endorser

    (b)

    Endorsee

    (c)

    Drawer

    (d)

    Drawee

  7. Small payments are recorded in a book called_____.

    (a)

    Cash book

    (b)

    Purchase book

    (c)

    Bills payable book

    (d)

    Petty cash book

  8. A machine costing Rs.2,00,000 was depreciated @ 25% per annum using written down value method. At the end of three years it will have a book value of ____________

    (a)

    Rs. 1,50,000

    (b)

    Rs. 84,375

    (c)

    Rs. 1,12,500

    (d)

    Rs. 2,00,000

  9. Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be

    (a)

    Preliminary expense

    (b)

    Revenue expenditure

    (c)

    Capital expenditure

    (d)

    Deferred revenue expenditure

  10. ____________ liabilities are not shown in the Balance sheet.

    (a)

    Long-term

    (b)

    Short-term

    (c)

    Contingent

    (d)

    None of these

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