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11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - 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. ______________ wrote his 'Summa de arithmetical'.

    (a)

    Kautilya

    (b)

    Valluvar

    (c)

    Luca pacioli

    (d)

    Chanakaya

  2. Book keeping prepares the ground for the important steps of finalising and interpretation which are usually performed by _____________.

    (a)

    accounting

    (b)

    economics

    (c)

    double entry

    (d)

    none of these

  3. ___________will be very much uneconomical to record small details in Accounting.

    (a)

    Full disclosure

    (b)

    Consistency

    (c)

    Convention of materiality

    (d)

    Convention of conservatism

  4. ___________ requires that all accounting transactions recorded should be based on objective evidence.

    (a)

    Matching concept

    (b)

    Cost concept

    (c)

    Dual aspect concept

    (d)

    Objective evidence concept

  5. Posting on the Credit side of an account is written as _______________

    (a)

    To

    (b)

    By

    (c)

    Being

    (d)

    Narration

  6. Which of the following is true about a trial balance?

    (a)

    It lists down the balance of accounts

    (b)

    It lists down the - balances of a balance sheet

    (c)

    It is a kind of financial statement

    (d)

    It is not a part of accounting cycle

  7. Which of the following is not a subsidiary book?

    (a)

    Sales Book

    (b)

    Purchase Book

    (c)

    Cash Book

    (d)

    Ledger Book

  8. All the transactions which decrease bank balance are recorded in the ___________ column on the Credit side.

    (a)

    cash

    (b)

    credit

    (c)

    particular

    (d)

    bank

  9. Dishonour of a discounted bill, not recorded in the cash book will be added in the BRS, if the balance given is__________.

    (a)

    Unfavourable balance as per cash book

    (b)

    Favourable balance as per Pass book

    (c)

    Both (a) & (b)

    (d)

     None of the above

  10. A bank pass book is a copy of_____________

    (a)

    the cash column of a customer's cash book

    (b)

    the bank column of a customer's cash book

    (c)

    the customer's account in the bank's ledger

    (d)

    none of these

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