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11th Standard Accounts Introduction to Accounting English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

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Accountancy

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

    Answer all the questions

    10 x 1 = 10
  1. Which one of the following is not a main objective of Accounting?

    (a)

    Systematic recording of transactions

    (b)

    Ascertainment of the profitability of the business

    (c)

    Ascertainment of the Financial position of the business

    (d)

    Solving tax disputes with tax authorities

  2. Financial position of a business is ascertained on the basis of ______________ .

    (a)

    Journal

    (b)

    Trial balance

    (c)

    Balance Sheet

    (d)

    Ledger

  3. _____________must be properly maintained to increase their productivity.

    (a)

    Liabilities

    (b)

    Assets

    (c)

    Debtors

    (d)

    None of these

  4. ____________also require accounting records to submit in courts to prove their claims.

    (a)

    Salesmen

    (b)

    Owners

    (c)

    Producers

    (d)

    Businessmen

  5. ______________ wrote his 'Summa de arithmetical'.

    (a)

    Kautilya

    (b)

    Valluvar

    (c)

    Luca pacioli

    (d)

    Chanakaya

  6. Accounting works as a tool for measuring past performance of the ___________ enterprises.

    (a)

    commerce

    (b)

    business

    (c)

    both 'a' and 'b'

    (d)

    none of these

  7. ________________use the accounting data in their bargaining strategies with the management.

    (a)

    Production department

    (b)

    Labour unions

    (c)

    Tax authorities

    (d)

    Researchers

  8. All the business transactions are recorded in the book of _______________

    (a)

    accounts

    (b)

    book keeping

    (c)

    transactions

    (d)

    none of these

  9. ________________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

  10. _____ ends up with the preparation of trading and profit and loss account and balance sheet.

    (a)

    Cost Accounting

    (b)

    Human Resource Accounting

    (c)

    Management Accounting

    (d)

    Financial Accounting

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TN 11th Standard Accountancy free Online practice tests

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