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11th Standard Accounts Trial Balance 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. After the preparation of ledger, the next step is the preparation of

    (a)

    Trading account

    (b)

    Trial balance

    (c)

    Journal

    (d)

    Profit and loss account

  2. The account which has a debit balance and is shown in the debit column of the trial balance is_______

    (a)

    Sundry creditors account

    (b)

    Bills payable account

    (c)

    Drawings account

    (d)

    Capital account

  3. Trial balance is prepared:

    (a)

    At the end of the year

    (b)

    On a particular date

    (c)

    For a year

    (d)

    None of the above

  4. The preparation of ___________ is the third step in the accounting process.

    (a)

    journal

    (b)

    ledger

    (c)

    trial balance

    (d)

    balance sheet

  5. ______________helps to check the arithmetical accuracy of entries made in the accounting records.

    (a)

    Balance Sheet

    (b)

    Trial Balance

    (c)

    Bookkeeping

    (d)

    Double Entry

  6. _____________ is prepared on a specific data.

    (a)

    Trial Balance

    (b)

    Journal

    (c)

    Ledger

    (d)

    All of the above

  7. Suspense account having credit balance will be shown on the _____________.

    (a)

    Credit side of the Profit and Loss Alc

    (b)

    Debit side of the Profit and Loss Alc

    (c)

    Liabilities side of the Balance Sheet

    (d)

    Assets side of the Balance Sheet

  8. Amount spend on servicing office typewriter should be debited to______________

    (a)

    miscellaneous expenses account

    (b)

    typewriter account

    (c)

    repairs account

  9. Cash received from Mani whose account was previously written of as a bad debts should be credited to __________account.

    (a)

    Mani's

    (b)

    Miscellaneous income

    (c)

    Bad debts recovered

  10. __________ is the most popular method of preparing trial balance.

    (a)

    Balance Method

    (b)

    Net Asset Method

    (c)

    Average Trial Balance method

    (d)

    None of the above

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TN 11th Standard Accountancy free Online practice tests

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