New ! Accountancy MCQ Practise Tests

11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

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 main objective of Accounting?

    (a)

    Systematic recording of transactions

    (b)

    Ascertainment of the profitability of the business

    (c)

    Ascertainment of the Financial position of the business

    (d)

    Solving tax disputes with tax authorities

  2. 'Cash withdrawn by the proprietor from the business for his personal use' causes ____

    (a)

    Decrease in assets and decrease in owner's capital

    (b)

    Increase in one asset and decrease in another asset

    (c)

    Increase in one asset and increase in liabilities

    (d)

    Increase in asset and decrease in capital

  3. J. F. means ___________

    (a)

    Ledger page number

    (b)

    Journal page number

    (c)

    Voucher number

    (d)

    Order number

  4. After the preparation of ledger, the next step is the preparation of

    (a)

    Trading account

    (b)

    Trial balance

    (c)

    Journal

    (d)

    Profit and loss account

  5. A periodic total of the purchases book is posted to the _______

    (a)

    debit side of the purchases account

    (b)

    debit side of the sales account

    (c)

    credit side of the purchases account

    (d)

    credit side of the sales account

  6. The cash book records____.

    (a)

    All cash receipts

    (b)

    All cash payments

    (c)

    Both (a) and (b)

    (d)

    All credit transactions

  7. A bank reconciliation statement is prepared to know the causes for the difference between:

    (a)

    The balance as per the cash column of the cash book and bank column of the cash book.

    (b)

    The balance as per the cash column of the cash book and bank statement

    (c)

    The balance as per the bank column of the cash book and the bank statement.

    (d)

    The balance as per petty cash book and the cash book

  8. A transaction not recorded at all is known as an error of

    (a)

    Principle

    (b)

    Complete omission

    (c)

    Partial omission

    (d)

    Duplication

  9. Depreciation provided on machinery is debited to

    (a)

    Depreciation account

    (b)

    Machinery account

    (c)

    Trading account

    (d)

    Provision for depreciation account

  10. 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

*****************************************

TN 11th Standard Accountancy free Online practice tests

Reviews & Comments about 11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key

Write your Comment