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11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - 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. Two or more business units forming a single entity is known as __________.

    (a)

    Joint

    (b)

    Merger

    (c)

    Link

    (d)

    Compound

  2. Which of the following is correct about 'Accounting Concept'?

    (a)

    Accounting concepts are based on accounting conventions

    (b)

    Accounting concepts are established by common accounting practices

    (c)

    Accounting concepts are methods or procedures accepted by general agreement

    (d)

    Personal judgment has no role in the adoption of accounting concepts.

  3. Prepaid rent is a ____

    (a)

    Nominal A/c

    (b)

    Personal A/c

    (c)

    Real A/c

    (d)

    Representative personal A/c

  4. Drawings account is classified under __________.

    (a)

    Real A/c

    (b)

    Personal A/c

    (c)

    Nominal A/c

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

    (a)

    To

    (b)

    By

    (c)

    Being

    (d)

    Narration

  6. Purchases of fixed assets on credit basis is recorded in_______

    (a)

    Purchases book

    (b)

    Sales book

    (c)

    Purchases returns book

    (d)

    Journal proper

  7. ______ is one of the most important books, in which credit purchases of goods are recorded.

    (a)

    Purchase book

    (b)

    Sales book

    (c)

    Purchases returns book

    (d)

    None of these

  8. ______ entries are passed in the journals proper for transferring an item entered in one account to another Account.

    (a)

    Opening

    (b)

    Closing

    (c)

    Adjusting

    (d)

    Transfer

  9. Revenue expenditure is intended to benefit

    (a)

    Past period

    (b)

    Future period

    (c)

    Current period

    (d)

    Any period

  10. If there is no existing provision for doubtful debts, provision created for doubtful debts is

    (a)

    Debited to bad debts account

    (b)

    Debited to sundry debtors account

    (c)

    Credited to bad debts account

    (d)

    Debited to profit and loss account

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TN 11th Standard Accountancy free Online practice tests

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