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

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. ________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.

    (a)

    Book-keeping

    (b)

    Accounts

    (c)

    Management

    (d)

    All the above

  2. __________ refers to choosing a desirable course of action from alternative course of actions.

    (a)

    Control

    (b)

    Forecasting 

    (c)

    Decision Making 

    (d)

    None of the above

  3. Evaluating the performance of different periods is possible in _______

    (a)

    Periodicity concept

    (b)

    Dnal aspect

    (c)

    Accrual concept

  4. The relationship of assets with that of liabilities to outsiders and to owners in the form is known as _____.

    (a)

    single entry system

    (b)

    double entry system

    (c)

    accounting equation

    (d)

    none of these

  5. Computer purchased from Rajesh should be debited to __________.

    (a)

    Computer A/c

    (b)

    Purchases A/c

    (c)

    Rajesh A/c

  6. The preparation of ___________ is the third step in the accounting process.

    (a)

    journal

    (b)

    ledger

    (c)

    trial balance

    (d)

    balance sheet

  7. If a cheque issued by us is dishonoured the credit is given to ____________

    (a)

    Suppliers A/c

    (b)

    Customer's A/c

    (c)

    Bank A/c

    (d)

    Cash A/c

  8. If original cost of the asset is Rs.1,00,000 and the rate of depreciation is 10% per annum. The depreciation in the first year will be Rs.___________

    (a)

    Rs. 10,000

    (b)

    Rs. 1,000

    (c)

    90,000

    (d)

    1,00,000

  9. Cost of an asset is Rs. 3, 00,000. Rate of depreciation is 10% on WDV method. Value of the asset at the end of the second year will be_____________.

    (a)

    Rs.2, 70,000

    (b)

    Rs. 30, 000

    (c)

    Rs.2, 50,000

    (d)

    Rs.2, 43,000

  10. The facts and figures that are fed into a computer for further processing are called __________

    (a)

    Connectivity

    (b)

    Procedure.

    (c)

    data

    (d)

    software

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