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11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 1 Mark Questions with Solution Part - I Question Bank Software Jun-28 , 2021

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11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 1 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. The profounder of double entry system of book-keeping is ___________

    (a)

    J. R. Batlibai

    (b)

    Luca Pacioli

    (c)

    Old Kesal

    (d)

    Menhar

  2. Which of the following does not follow dual aspect concept?

    (a)

    Increase in one asset and decrease in other asset

    (b)

    Increase in both asset liability

    (c)

    Decrease in one asset and decrease in other asset

    (d)

    Increase in one asset and increase in capital

  3. ___________ is the process of recording business transactions in the books of accounts in a systematic way.

    (a)

    book keeping

    (b)

    Accountancy

    (c)

    Statistics

    (d)

    none of these

  4. When money came into existence, ____________ activities involving money also flourished along with it.

    (a)

    science

    (b)

    economic

    (c)

    commerce

    (d)

    business

  5. ___________ involves recording business transactions of financial nature in the books of accounts.

    (a)

    Balance Sheet

    (b)

    Trial balance

    (c)

    book keeping

    (d)

    All the above

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