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11th Standard English Medium Accountancy Subject Trial Balance Creative 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. _____________ is prepared on a specific data.

    (a)

    Trial Balance

    (b)

    Journal

    (c)

    Ledger

    (d)

    All of the above

  2. ____________ method is not commonly used as it cannot help in the preparation of financial statements.

    (a)

    Total Method

    (b)

    Balance Method

    (c)

    Total and Balance Method

    (d)

    None of these

  3. The ____________ method is widely used, as it helps in the preparation of financial statements.

    (a)

    Total

    (b)

    Balance

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  4. Suspense account in the trial balance is entered in the ______________.

    (a)

    Trading Account

    (b)

    Profit and Loss Alc

    (c)

    Balance Sheet

    (d)

    None of these

  5. 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

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