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11th Standard Accounts Ledger 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. The process of transferring the debit and credit items from journal to ledger accounts is called _____________..

    (a)

    Casting

    (b)

    Posting

    (c)

    Journalising

    (d)

    Balancing

  2. The amount brought into the business by the proprietor should be credited to

    (a)

    Cash account

    (b)

    Drawings account

    (c)

    Capital account

    (d)

    Suspense account

  3. The financial statements can be prepared from the ____________ balances.

    (a)

    ledger

    (b)

    journal

    (c)

    trial

    (d)

    none of these

  4. Ledger is a book of _______________

    (a)

    original entry

    (b)

    final entry

    (c)

    all cash transactions

    (d)

    none of these

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

    (a)

    To

    (b)

    By

    (c)

    Being

    (d)

    Narration

  6. If Total of credit > Total of debit =

    (a)

    Debit balance

    (b)

    Credit balance

    (c)

    Nil balance

    (d)

    both (a) & (b)

  7. Balances in the Nominal accounts are

    (a)

    Carried forward to next accounting year

    (b)

    Carried forward to Trading and Profit and Loss A/c

    (c)

    Carried forward to Balance Sheet

    (d)

    None of the above

  8. Cash account is a

    (a)

    Personal account

    (b)

    Real account

    (c)

    Nominal account

    (d)

    None of the above

  9. The book that contains all accounts as entered in the journal namely Personal, Real or Nominal is called

    (a)

    Journal Paper

    (b)

    Ledger

    (c)

    Cash Book

    (d)

    None

  10. ________ accounts give the net amount due to creditor and the net amount due from debtors.

    (a)

    Real

    (b)

    Personal

    (c)

    Nominal

    (d)

    Ledger

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TN 11th Standard Accountancy free Online practice tests

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