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11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions

11th Standard

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Accountancy

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

    Answer all the questions

    10 x 1 = 10
  1. _____________has rightly been termed as the language of the business.

    (a)

    Accounting

    (b)

    Book-keeping

    (c)

    Accountant

    (d)

    None of these

  2. External reporting is done for __________________

    (a)

    Journal

    (b)

    Trial balance

    (c)

    Balance Sheet

    (d)

    Ledger

  3. _________________ is an art of recording business transactions based on certain principles.

    (a)

    Double entry

    (b)

    Single entry

    (c)

    Book keeping

    (d)

    Accounting

  4. ____________ are recorded as and when they take place with the written and authentic proof.

    (a)

    Accounting equations

    (b)

    Transactions

    (c)

    Accountants

    (d)

    Book keeping

  5. An entry is passed in the beginning of current year is called

    (a)

    Original entry

    (b)

    Final entry

    (c)

    Opening entry

    (d)

    Adjusting entry

  6. Bad debts entry is passed in__________.

    (a)

    Sales Book

    (b)

    Cash Book

    (c)

    Journal Book

    (d)

    None of these above

  7. The sub-division of work gives the advantage of specialisation leading to _____

    (a)

    business transactions

    (b)

    efficiency

    (c)

    decision making

    (d)

    none of these

  8. _____ of the bill means the non payment of bill, when it is presented for payment.

    (a)

    Dishonour

    (b)

    Renewal

    (c)

    Retiring

    (d)

    Discounting

  9. The discount allowed at the time of sales is __________.

    (a)

    cash discount

    (b)

    trade discount

    (c)

    None of these

  10. The person who receives the payment is payee_________.

    (a)

    Drawer

    (b)

    Drawee

    (c)

    payee

    (d)

    All of these

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