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

11th Standard

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Accountancy

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

    Answer all the questions

    10 x 1 = 10
  1. Accounting works as a tool for measuring past performance of the___________ enterprises.

    (a)

    commerce

    (b)

    business

    (c)

    management

    (d)

    money

  2. The word journal has been derived from the French word 'Jour' Jour means _________

    (a)

    Cash

    (b)

    Money

    (c)

    Day

    (d)

    None of these

  3. Which of the following will affect the agreement of a trial balance?

    (a)

    Complete omission of a transaction

    (b)

    Partial omission of a transaction

    (c)

    Error of principle

    (d)

    Compensating errors

  4. _________ transactions are not recorded in the cash book

    (a)

    Cash

    (b)

    Credit

    (c)

    Both

    (d)

    None of these

  5. ______________ is prepared to avoid the delay in the preparation of final accounts.

    (a)

    Suspense account

    (b)

    Trading account

    (c)

    Profit and loss account

    (d)

    Final account

  6. The benefits of ___________ are available for more than one year.

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Referred revenue expenditure

    (d)

    Capital profit

  7. Cost of acquisition of land and building is an example of __________.

    (a)

    Capital expenditure

    (b)

    Revenue expenditure

    (c)

    Capital receipts

    (d)

    Revenue receipts

  8. The first part of the income statement is _________.

    (a)

    Final account

    (b)

    Trading account

    (c)

    Profit and Loss account

    (d)

    Balance sheet

  9. The preparation of ______ is the last step in the accounting cycle.

    (a)

    Trading account

    (b)

    Profit and Loss account

    (c)

    Balance sheet

    (d)

    Final account

  10. Interest on drawings is credited to ______ Account.

    (a)

    Trading

    (b)

    Profit and loss

    (c)

    Liabilities

    (d)

    Assets

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