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11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020

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. Who developed the double - entry book - keeping system?

    (a)

    Batliboi

    (b)

    Luco pacioli

    (c)

    Grewal

    (d)

    Gupta

  2. Statement used to measure the arithmetical accuracy of accounts is ______

    (a)

    Balance Sheet

    (b)

    Trial balance

    (c)

    Accounting

  3. Which of the following concepts assumes that a business will last indefinite

    (a)

    Business Entity

    (b)

    Going Concern

    (c)

    Periodicity

    (d)

    Conservation

  4. The dual aspect concept is the basis for ______ system.

    (a)

    single entry

    (b)

    double entry

    (c)

    more entry

  5. Matching concept means __________.

    (a)

    Transactions recorded at accrul concept 

    (b)

    Anticipate no profit but recognize all losses 

    (c)

    Asset=capital-liabilities 

    (d)

    Expenses=Revenue

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

    (a)

    Dual aspect

    (b)

    Consistency

    (c)

    Going concern

    (d)

    Accrual

  7. 3hony purchased goods of Rs. 5000 for cash at 20% trade disount and 5% cash discount Purchase account is to be debited by Rs.________.

    (a)

    Rs. 3,800

    (b)

    Rs. 5,000

    (c)

    Rs. 3,750

    (d)

    Rs. 4,000

  8. Purchases book does not keep record of purchases of _____

    (a)

    assets

    (b)

    liabilities

    (c)

    goods

    (d)

    none of these

  9. A bank statement is a copy of ____________.

    (a)

    Cash column of the cash book

    (b)

    Bank column of the cash book

    (c)

    A customer's account in the bank's book

    (d)

    Cheques issued by the business

  10. Depreciation is provided on

    (a)

    Fixed assets

    (b)

    Current assets

    (c)

    Outstanding charges

    (d)

    All assets

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TN 11th Standard Accountancy free Online practice tests

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