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

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. Transaction which involves immediate cash payment is _______

    (a)

    credit transaction

    (b)

    cash transaction

    (c)

    debit

  2. Book keeping prepares the ground for the important steps of finalising and interpretation which are usually performed by _____________.

    (a)

    accounting

    (b)

    economics

    (c)

    double entry

    (d)

    none of these

  3. Accounting equation is formed based on the accounting principle of ______

    (a)

    Dual aspect

    (b)

    Consistency

    (c)

    Going concern

    (d)

    Accrual

  4. The Accounting Equation is connected with ________

    (a)

    Assets only

    (b)

    Liabilities only

    (c)

    Assets, Liabilities and Capital

    (d)

    None of these

  5. In big concerns, the ledger is ________________

    (a)

    bound note book

    (b)

    sheet

    (c)

    loose-leaf ledger

    (d)

    journals

  6. Which of the following is/are the objective(s) of preparing trial balance?

    (a)

    Serving as the summary of all the ledger accounts

    (b)

    Helping in the preparation of final accounts

    (c)

    Examining arithmetical accuracy of accounts

    (d)

    a, band c

  7. Which of the following is not a subsidiary book?

    (a)

    Sales Book

    (b)

    Purchase Book

    (c)

    Cash Book

    (d)

    Ledger Book

  8. Contra Entries are passed only when ___________

    (a)

    Double column cash book is prepared

    (b)

    Three column cash book is prepared

    (c)

    Multi-column cash book is prepared

    (d)

    Single column cash book is prepared

  9. Which one of the following is not a timing difference?

    (a)

    Cheque deposited but not yet credited

    (b)

    Cheque issued but not yet presented for payment

    (c)

    Among directly paid into the bank

    (d)

    Wrong debit in the cash book

  10. Under the written down value method of depreciation, the amount of depreciation is

    (a)

    Uniform in all the years

    (b)

    Decreasing every year

    (c)

    Increasing every year

    (d)

    None of the above

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