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

11th Standard

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Accountancy

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

    Answer all the questions

    10 x 1 = 10
  1. Which one of the following is not a branch of accounting?

    (a)

    Financial accounting

    (b)

    Management accounting

    (c)

    Human resources accounting

    (d)

    None of the above

  2. ______ refers to financial obligation of the business.

    (a)

    Asset

    (b)

    Liability

    (c)

    Loss

    (d)

    Expense

  3. Author of the famous book 'Arthasasthra' is _______

    (a)

    Maurya

    (b)

    Gupta

    (c)

    Kautilya

  4. Accounts of persons with whom the business deals is known as_________.

    (a)

    Personal Account 

    (b)

    Real Account 

    (c)

    Nominal Account 

    (d)

    Profit & loss Account 

  5. Prepaid rent is a ____

    (a)

    Nominal A/c

    (b)

    Personal A/c

    (c)

    Real A/c

    (d)

    Representative personal A/c

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

    (a)

    Cash

    (b)

    Money

    (c)

    Day

    (d)

    None of these

  7. The balances of Personal and Real Accounts are shown in the ______________

    (a)

    trading account

    (b)

    profit and loss account

    (c)

    balance sheet

    (d)

    trial balance

  8. A list which contains balances of accounts to know whether the debit and credit balances are matched is___

    (a)

    Journal

    (b)

    Day book

    (c)

    Trial balance

    (d)

    Balance sheet

  9. The ____________ method is widely used, as it helps in the preparation of financial statements.

    (a)

    Total

    (b)

    Balance

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  10. Small payments are recorded in a book called_____.

    (a)

    Cash book

    (b)

    Purchase book

    (c)

    Bills payable book

    (d)

    Petty cash book

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