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

11th Standard

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Accountancy

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

    Answer all the questions

    10 x 1 = 10
  1. Who is considered to be the internal user of the financial information

    (a)

    Creditor

    (b)

    Employee

    (c)

    Customer

    (d)

    Government

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

    (a)

    Dual aspect

    (b)

    Consistency

    (c)

    Going concern

    (d)

    Accrual

  3. J. F. means ___________

    (a)

    Ledger page number

    (b)

    Journal page number

    (c)

    Voucher number

    (d)

    Order number

  4. 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

  5. Purchase returns book is used to record_____

    (a)

    returns of goods to the supplier for which cash is not received immediately

    (b)

    returns of assets to the supplier for which cash is not received immediately

    (c)

    returns of assets to the supplier for which cash is received immediately

    (d)

    None of the above

  6. In Triple column cash book, the balance of bank overdraft brought forward will appear in_________

    (a)

    Cash column debit side

    (b)

    Cash column credit side

    (c)

    Bank column debit side

    (d)

    Bank column credit side

  7. When money is withdrawn from bank, the bank ____________.

    (a)

    Credits customer's account

    (b)

    Debits customer's account

    (c)

    Debits and credits customer's account

    (d)

    None of these

  8. Which of the following errors will not affect the trial balance?

    (a)

    Wrong balancing of an account

    (b)

    Posting an amount in the wrong account but on the correct side

    (c)

    Wrong totalling of an account

    (d)

    Carried forward wrong amount in a ledger account

  9. A prepayment of insurance premium will appear in

    (a)

    The trading account on the debit side

    (b)

    The profit and loss account on the credit side

    (c)

    The balance sheet on the assets side

    (d)

    The balance sheet on the liabilities side

  10. Customised accounting software is suitable for

    (a)

    Small, conventional business

    (b)

    Large, medium business

    (c)

    Large, typical business

    (d)

    None of the above

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