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

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. Environmental pollution cost incurred by an enterprise is ________

    (a)

    Product cost

    (b)

    Service cost

    (c)

    Social cost

  2. Real account deals with ______

    (a)

    Individual persons

    (b)

    Expenses and losses

    (c)

    Assets

    (d)

    Incomes and gains

  3. Name the source document used for depositing money in the bank.

    (a)

    Voucher

    (b)

    Receipts

    (c)

    Pay-in-slip

    (d)

    Invoice

  4. The trial balance contains the balances of_____

    (a)

    Only personal accounts

    (b)

    Only real accounts

    (c)

    Only nominal accounts

    (d)

    All accounts

  5. The total of the sales book is posted periodically to the credit of ____  

    (a)

    Sales account

    (b)

    Cash account

    (c)

    Purchases account

    (d)

    Journal proper

  6. Cash discount is recorded in the___________.

    (a)

    Cash book

    (b)

    Sales Book

    (c)

    Purchases book

    (d)

    Journal Proper

  7. Under which of the following methods the value of Assets may be reduced to zero?

    (a)

    Depletion method

    (b)

    Revaluation method

    (c)

    Sinking fund method

    (d)

    Straight line method

  8. Amount received from IDBI as a medium term loan for augmenting working capital

    (a)

    Capital expenditures

    (b)

    Revenue expenditures

    (c)

    Revenue receipts

    (d)

    Capital receipt

  9. ___________ items are to be shown in the Balance sheet.

    (a)

    Capital

    (b)

    Expense

    (c)

    Revenue

    (d)

    Loss

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