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11th Standard Accountancy Study material & Free Online Practice Tests - View Model Question Papers with Solutions for Class 11 Session 2019 - 2020
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Accountancy Question Papers

11th Standard Accounts Rectification of Errors English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Errors not affecting the agreement of trial balance are

  • 2)

    Which of the following errors will not affect the trial balance?

  • 3)

    A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?

  • 4)

    Which of the following errors will be rectified using suspense account?

  • 5)

    _______________ usually occurs due to lack of concentration or carelessness of the accountant.

11th Standard Accounts Conceptual Framework of Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The business is liable to the proprietor of the business in respect of capital introduced by the person according to

  • 2)

    The concept which assumes that a business will last indefinitely is

  • 3)

    Which of the following does not follow dual aspect concept?

  • 4)

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

  • 5)

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

11th Standard Accounts Conceptual Framework of Accounting English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The profounder of double entry system of book-keeping is

  • 2)

    In India, Accounting Standards are issued by

  • 3)

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

  • 4)

    Financial or business transaction is recorded, according to accrual concept of accounting ________.

  • 5)

    Business enterprises is separate from its owner according to __________concept.

11th Standard Accounts Books of Prime Entry English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The business is liable to the proprietor of the business in respect of capital introduced by the person according to

  • 2)

    The concept which assumes that a business will last indefinitely is

  • 3)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 4)

    Which of the following does not follow dual aspect concept?

  • 5)

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

11th Standard Accounts Books of Prime Entry English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    'Cash withdrawn by the proprietor from the business for his personal use' causes ____

  • 2)

    Real account deals with ______

  • 3)

    Prepaid rent is a ____

  • 4)

    In double entry system of book keeping, every business transaction affects ______

  • 5)

    ________ is prepared in three copies.

11th Standard Accounts Ledger English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Main objective of preparing ledger account is to _________

  • 2)

    J. F. means ___________

  • 3)

    ___________ is known as principal book of accounts because It is very useful for a business enterprise.

  • 4)

    The ledger account is prepared in ______________ format.

  • 5)

    Personal and real accounts are _____________

11th Standard Accounts Ledger English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The process of transferring the debit and credit items from journal to ledger accounts is called _____________..

  • 2)

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

  • 3)

    The financial statements can be prepared from the ____________ balances.

  • 4)

    Ledger is a book of _______________

  • 5)

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

11th Standard Accounts Trial Balance English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Trial balance is a_____

  • 2)

    The trial balance contains the balances of_____

  • 3)

    Which of the following method(s) can be used for preparing trial balance?

  • 4)

    The difference of totals of both debit and credit side of trial balance is transferred to :

  • 5)

    ______________ is a statement containing the debit and credit balances of all ledger accounts on a particular date.

11th Standard Accounts Trial Balance English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    After the preparation of ledger, the next step is the preparation of

  • 2)

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

  • 3)

    Trial balance is prepared:

  • 4)

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

  • 5)

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

11th Standard Accounts Subsidiary Books - I English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Purchases book is used to record______

  • 2)

    Purchase returns book is used to record_____

  • 3)

    Purchases of fixed assets on credit basis is recorded in_______

  • 4)

    Which of the following statements is not true?

  • 5)

    ______ is one of the most important books, in which credit purchases of goods are recorded.

11th Standard Accounts Subsidiary Books - I English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    A periodic total of the purchases book is posted to the _______

  • 2)

    Sales return book is used to record_________

  • 3)

    The source document or voucher used for recording entries in sales book is ____

  • 4)

    Purchases book does not keep record of purchases of _____

  • 5)

    Entries in the purchases day book are made from invoices which are popularly known as _____

11th Standard Accounts Subsidiary Books - II English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Cash book is a_______

  • 2)

    If the debit and credit aspects of a transaction are recorded in the cash book, it is ______.

  • 3)

    Small payments are recorded in a book called_____.

  • 4)

    __________ is the most important subsidiary book.

  • 5)

    __________ Cash Book has only one amount column that is cash column

11th Standard Accounts Subsidiary Books - II English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The cash book records____.

  • 2)

    Which of the following is recorded as contra entry?

  • 3)

    The balance in the petty cash book is_____.

  • 4)

    ____________ is maintained by every business, whether small or large is size

  • 5)

    _________ transactions are not recorded in the cash book

11th Standard Accounts Bank Reconciliation Statement English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    A bank reconciliation statement is prepared by ___________.

  • 2)

    Debit balance in the bank column of the cash book means ____________.

  • 3)

    Which of the following is not the salient feature of bank reconciliation statement?

  • 4)

    Balance as per bank statement is Rs. 1,000. Cheque deposited, but not yet credited by the bank is Rs. 2,000. What is the balance as per bank column of the cash book?

  • 5)

    ________________can also be made through bank

11th Standard Accounts Bank Reconciliation Statement English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    A bank reconciliation statement is prepared with the help of ___________.

  • 2)

    Balance as per cash book is Rs. 2,000. Bank charge of Rs. 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?

  • 3)

    Which one of the following is not a timing difference?

  • 4)

    ___________is not possible to have unfavourable cash balance in the cash book.

  • 5)

    When balance as per Cash book is the starting point, to ascertain balance as per Pass book interest allowed by bank is______________

11th Standard Accounts Rectification of Errors English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Errors not affecting the agreement of trial balance are

  • 2)

    A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?

  • 3)

    Which of the following errors will be rectified using suspense account?

  • 4)

    The failure of the accountant to record a transaction in the books of accounts is known as ________________

  • 5)

    _______________ usually occurs due to lack of concentration or carelessness of the accountant.

11th Standard Accounts Depreciation Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Under straight line method, the amount of depreciation is

  • 2)

    Cash received from sale of fixed asset is credited to

  • 3)

    Depreciation is caused by

  • 4)

    For which of the following assets, the depletion method is adopted for writing off cost of the asset?

  • 5)

    The written down value is the true value of ________ assets

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Who developed the double - entry book - keeping system?

  • 2)

    Statement used to measure the arithmetical accuracy of accounts is ______

  • 3)

    Which of the following concepts assumes that a business will last indefinite

  • 4)

    The dual aspect concept is the basis for ______ system.

  • 5)

    Matching concept means __________.

11th Standard Accounts Depreciation Accounting English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is

  • 2)

    Depreciation is provided on

  • 3)

    Depreciation is the process of

  • 4)

    ____________ is a statement of financial position of a business.

  • 5)

    ___________ is a non-cash item.

11th Standard Accounts Capital and Revenue Transactions English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Amount spent on increasing the seating capacity in a cinema hall is

  • 2)

    Interest on bank deposits is

  • 3)

    In the accounting cycle ___________ items are to be shown in the trading and profit and loss account.

  • 4)

    The benefits of ___________ are available for more than one year.

  • 5)

    The loss which is not incurred in the normal course of business is ___________

11th Standard Accounts Capital and Revenue Transactions English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be

  • 2)

    Pre-operative expenses are

  • 3)

    ____________ is recurring in nature.

  • 4)

    ___________ is received in the normal course of business

  • 5)

    Shanthi introduces Rs.50,000 as additional capital in the business. This amount will be considered as _____________.

11th Standard Accounts Final Accounts of Sole Proprietors - I English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Closing stock is an item of ___________.

  • 2)

    Drawings appearing in the trial balance is

  • 3)

    Current assets does not include

  • 4)

    At the end of the accounting year the balance in purchases returns account is closed by transferring to __________ account.

  • 5)

    ____________ account is prepared to find out the difference between the revenue from sales and cost of goods sold.

11th Standard Accounts Final Accounts of Sole Proprietors - I English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Balance sheet is ____________.

  • 2)

    Salaries appearing in the trial balance is shown on the

  • 3)

    Goodwill is classified as

  • 4)

    ___________ refers to buying and selling of goods with the intention of making profit.

  • 5)

    ____________ is a tax levied by the local authority when the purchased goods enter the municipal limits.

11th Standard Accounts Final Accounts of Sole Proprietors - II English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Net profit is

  • 2)

    Accrued interest on investment will be shown

  • 3)

    The income which has been earned during the current accounting year but .not received till the end of that accounting year is called as _____

  • 4)

    _______ is a loss for the business and should be adjusted against profit.

  • 5)

    The Trial Balance shows bank loan Rs.5,00,000 at 12% on 01-01-2015. Interest paid Rs.40,000. Interest outstanding is ______ as on 31-12-2015.

11th Standard Accounts Final Accounts of Sole Proprietors - II English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Closing stock is valued at

  • 2)

    Return inwards are deducted from ______

  • 3)

    The Trial balance as on 31-03-2016 shows. Sundry debtors Rs.25,000. Write off Rs.1,000 as bad debts. The amount of provision for bad and doubtful debts at 5% will be ______

  • 4)

    Prepaid insurance is _______

  • 5)

    Interest on drawings is credited to ______ Account.

11th Standard Accounts Computerised Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    In accounting, computer is commonly used in the following areas:

  • 2)

    One of the limitations of computerised accounting system is

  • 3)

    Which one of the following is not a method of codification of accounts?

  • 4)

    People who write codes and programes are called as

  • 5)

    ___________ codes are applied primarily to source documents.such as cheques, invoices, etc.

11th Standard Accounts Computerised Accounting English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Customised accounting software is suitable for

  • 2)

    TALLY is an example of

  • 3)

    Accounting software is an example of

  • 4)

    __________ is an identification mark.

  • 5)

    ___________code can facilitate document search.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

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

  • 2)

    Financial or business transaction is recorded, according to accrual concept of accounting ________.

  • 3)

    An entry is passed in the beginning of current year is called

  • 4)

    Purchases of fixed assets on credit basis is recorded in_______

  • 5)

    Debit balance in the bank column of the cash book means ____________.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Two - by Yamuni - Kovilpatti - View & Read

  • 1)

    Environmental pollution cost incurred by an enterprise is ________

  • 2)

    Real account deals with ______

  • 3)

    Name the source document used for depositing money in the bank.

  • 4)

    The trial balance contains the balances of_____

  • 5)

    The total of the sales book is posted periodically to the credit of ____  

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Two - by Yamuni - Kovilpatti - View & Read

  • 1)

    The activities of a business, which involve transfer of money or money's worth are called _______________

  • 2)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 3)

    According to _____________ concept only business transactions are recorded.

  • 4)

    Withdrawal of cash from business by the proprietor should be credited to________

  • 5)

    ______ is used for credit purchases and credit sales.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Three - by Yamuni - Kovilpatti - View & Read

  • 1)

    __________ is useful to find out tax liability in case of sales tax, income tax, property tax, etc

  • 2)

    Identify the 'Personal account from the following:

  • 3)

    The trial balance contains the balances of_____

  • 4)

    Purchases of fixed assets on credit basis is recorded in_______

  • 5)

    From the following, which date denotes payable Bill date 2017 March 1, Months -2, Gross day - 3

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Three - by Yamuni - Kovilpatti - View & Read

  • 1)

    Two or more business units forming a single entity is known as __________.

  • 2)

    Which of the following is correct about 'Accounting Concept'?

  • 3)

    Prepaid rent is a ____

  • 4)

    Drawings account is classified under __________.

  • 5)

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

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Four - by Yamuni - Kovilpatti - View & Read

  • 1)

    Only monetary transactions are recorded in _______ concept of accounting.

  • 2)

    Kautilya's Arthasastra was written in__________.

  • 3)

    If the total of the debit side of an account exceeds the total of its credit side, it means

  • 4)

    Which one the following represents correct sequence of accounting cycle

  • 5)

    " Bills payable discounted in cash by creditor". This transaction will be recorded in__________.

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Four - by Yamuni - Kovilpatti - View & Read

  • 1)

    Accounting which is used to determine the cost of products ( or) services is ______ accounting.

  • 2)

    GAAPs are:

  • 3)

    Goods given as charity should be credited to___________.

  • 4)

    Under the diminishing balance method of depreciation ____________

  • 5)

    Balance sheet is ____________.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Five - by Yamuni - Kovilpatti - View & Read

  • 1)

    The document prepared by the seller when he sells goods to the buyer is _____________.

  • 2)

    Who is considered as the external user of financial information?

  • 3)

    The word journal has been derived from the French word 'Jour' Jour means _________

  • 4)

    ________ accounts show the values of assets.

  • 5)

    The difference of totals of both debit and credit side of trial balance is transferred to :

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Five - by Yamuni - Kovilpatti - View & Read

  • 1)

    The balance in the trading account is the gross profit or __________.

  • 2)

    Basic unit for measurement in accounting is _______

  • 3)

    The term TDS in taxation refers to _______

  • 4)

    In India, Accounting Standards are issued by

  • 5)

    _____________ is the process of managing the income and expenses of a business firm.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Six - by Yamuni - Kovilpatti - View & Read

  • 1)

    Transaction which involves immediate cash payment is _______

  • 2)

    Book keeping prepares the ground for the important steps of finalising and interpretation which are usually performed by _____________.

  • 3)

    Accounting equation is formed based on the accounting principle of ______

  • 4)

    The Accounting Equation is connected with ________

  • 5)

    In big concerns, the ledger is ________________

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Six - by Yamuni - Kovilpatti - View & Read

  • 1)

    Who is considered to be the internal user of the financial information

  • 2)

    _______________is concerned with identification, quantification and reporting of investments made in human resources.

  • 3)

    Who is considered to be the external user of the financial information?

  • 4)

    Incapability of a person or an enterprise to pay the debts is known as ______

  • 5)

    As per dual aspect concept, every business transaction has___________

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Seven - by Yamuni - Kovilpatti - View & Read

  • 1)

    Which one of the following is not a branch of accounting?

  • 2)

    ______ refers to financial obligation of the business.

  • 3)

    Author of the famous book 'Arthasasthra' is _______

  • 4)

    Accounts of persons with whom the business deals is known as_________.

  • 5)

    Prepaid rent is a ____

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Seven - by Yamuni - Kovilpatti - View & Read

  • 1)

    _____________are interested to know whether the business has earned a profit or loss during a particular period.

  • 2)

    Which one of the following is/are the objectives of accounting?

  • 3)

    _______ is an amount which is withdrawn for personal use by proprietor.

  • 4)

    In India, Accounting Standards are issued by

  • 5)

    Which of the following method(s) can be used for preparing trial balance?

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Eight - by Yamuni - Kovilpatti - View & Read

  • 1)

    ___________ is the amount incurred in order to produce and sell the goods and services.

  • 2)

    In India, Accounting Standards are issued by

  • 3)

    __________ is useful to find out tax liability in case of sales tax, income tax, property tax, etc

  • 4)

    Accounting requires ______ 

  • 5)

    If the total of the debit side of an account exceeds the total of its credit side, it means

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Eight - by Yamuni - Kovilpatti - View & Read

  • 1)

    Incapability of a person or an enterprise to pay the debts is known as ______

  • 2)

    The result of a business may be ________

  • 3)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 4)

    Accounts of persons with whom the business deals is known as________.

  • 5)

    Statement: Purchased goods from Rahul for Rs. 10,000. Find out which of the following is related to the statement.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Nine - by Yamuni - Kovilpatti - View & Read

  • 1)

    ______________ wrote his 'Summa de arithmetical'.

  • 2)

    ___________ is the amount incurred in order to produce and sell the goods and services.

  • 3)

    ________ is said to be the root of accounting.

  • 4)

    ASB stands for________________

  • 5)

    Real account deals with ______

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Nine - by Yamuni - Kovilpatti - View & Read

  • 1)

    The concept which assumes that a business will last indefinitely is

  • 2)

    ___________ requires that all accounting transactions recorded should be based on objective evidence.

  • 3)

    An entry is passed in the beginning of current year is called

  • 4)

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

  • 5)

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

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Ten - by Yamuni - Kovilpatti - View & Read

  • 1)

    Who is considered to be the internal user of the financial information

  • 2)

    The industrial revolution took place in ______________

  • 3)

    The amount receivable or realised from sale of goods and the earnings from interest, dividend, commission, etc., is

  • 4)

    In a ledger account, when the debit total and credit total are equal it is called ________________

  • 5)

    Which of the following is/are the objective(s) of preparing trial balance?

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Ten - by Yamuni - Kovilpatti - View & Read

  • 1)

    ________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.

  • 2)

    A person who owns a business is called ___________

  • 3)

    _______________are made for outstanding and prepaid expenses and income.

  • 4)

    Which of the following is a cash transaction

  • 5)

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

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    _____________has rightly been termed as the language of the business.

  • 2)

    External reporting is done for __________________

  • 3)

    _________________ is an art of recording business transactions based on certain principles.

  • 4)

    ____________ are recorded as and when they take place with the written and authentic proof.

  • 5)

    An entry is passed in the beginning of current year is called

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - by Yamuni - Kovilpatti - View & Read

  • 1)

    All the business transactions are recorded in the book of _______________

  • 2)

    The person who wants to record the business transaction is _______

  • 3)

    A businessman purchased goods for Rs. 25, 00,000 and sold 80% of such goods during the accounting year ended 31st March 2015. The market value of the remaining goods was Rs, 4,00,000. He valued the closing inventory at cost. He violated the concept of ______.

  • 4)

    Atul purchased a car Rs. 5,00,000 , by making down payment of Rs.1,00,000 and signing a Rs. 4,00,000 bill payable due in 60 days. As a result of this transaction. 

  • 5)

    The person who has to make the payment or who accepts to make the payment is called the _______

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Two - by Yamuni - Kovilpatti - View & Read

  • 1)

    Double- entry book-keeping first emerged in Italy in the ___________ century.

  • 2)

    Accounting gives information on

  • 3)

    Book-keeping provides the basis for accounting and it is ______ to accounting process.

  • 4)

    ________ is prepared in three copies.

  • 5)

    Which of the following is correct?

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Two - by Yamuni - Kovilpatti - View & Read

  • 1)

    The balance in the trading account is the gross profit or __________.

  • 2)

    Which section of Indian Companies Act 2013 says that all companies should maintain books of accounts on accrual basis of accounting

  • 3)

    Accounts of persons with whom the business deals is known as_________.

  • 4)

    The proprietor of the business is treated as a creditor for capital introduced by him according to _____________________

  • 5)

    Accounting equation arises from which concept?

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Three - by Yamuni - Kovilpatti - View & Read

  • 1)

    ________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.

  • 2)

    __________ refers to choosing a desirable course of action from alternative course of actions.

  • 3)

    Evaluating the performance of different periods is possible in _______

  • 4)

    The relationship of assets with that of liabilities to outsiders and to owners in the form is known as _____.

  • 5)

    Computer purchased from Rajesh should be debited to __________.

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Three - by Yamuni - Kovilpatti - View & Read

  • 1)

    _______________is provided with a complete picture of the liquidity, profitability and solvency aspects of the business.

  • 2)

    Financial information for managerial decision making caused emergence of ______ accounting.

  • 3)

    The creditors are shown in the balance sheet as _______

  • 4)

    As per dual aspect concept, every business transaction has _______

  • 5)

    Business enterprises is separate from its owner according to __________concept.

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Four - by Yamuni - Kovilpatti - View & Read

  • 1)

    Accounting works as a tool for measuring past performance of the___________ enterprises.

  • 2)

    The word journal has been derived from the French word 'Jour' Jour means _________

  • 3)

    Which of the following will affect the agreement of a trial balance?

  • 4)

    _________ transactions are not recorded in the cash book

  • 5)

    ______________ is prepared to avoid the delay in the preparation of final accounts.

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four - by Yamuni - Kovilpatti - View & Read

  • 1)

    ______________ wrote his 'Summa de arithmetical'.

  • 2)

    Book keeping prepares the ground for the important steps of finalising and interpretation which are usually performed by _____________.

  • 3)

    ___________will be very much uneconomical to record small details in Accounting.

  • 4)

    ___________ requires that all accounting transactions recorded should be based on objective evidence.

  • 5)

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

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Five - by Yamuni - Kovilpatti - View & Read

  • 1)

    _______________involves recording of transactions and events which are financial in nature.

  • 2)

    A firm purchased five briefcases for its managers costing  Rs.1000 each. The accountant charged it to profit and loss account instead of showing as an asset this was done under

  • 3)

    Capital = Rs.60,000; Assets = Rs.1,35,000; Liabilities = ?

  • 4)

    Nominal account having Debit balance represents _________________

  • 5)

    Entries in the purchases day book are made from invoices which are popularly known as _____

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Five - by Yamuni - Kovilpatti - View & Read

  • 1)

    ________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.

  • 2)

    Unsold goods lying is a business on a particular date are known as _________.

  • 3)

    __________ refers to choosing a desirable course of action from alternative course of actions.

  • 4)

    Matching concept means __________.

  • 5)

    The column of ledger which links the entry with Journal is _________________

11th Standard Accounts Introduction to Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Which one of the following is not a main objective of Accounting?

  • 2)

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

  • 3)

    _____________must be properly maintained to increase their productivity.

  • 4)

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

  • 5)

    ______________ wrote his 'Summa de arithmetical'.

11th Standard Accounts English Medium Free Online Test Book Back One Mark Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    The root of financial accounting system is _________

  • 2)

    Accounting equation signifies _______

  • 3)

    Main objective of preparing ledger account is to _________

  • 4)

    Trial balance is a_____

  • 5)

    Purchases book is used to record______

11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - by Yamuni - Kovilpatti - View & Read

  • 1)

    Which one of the following is not a main objective of Accounting?

  • 2)

    'Cash withdrawn by the proprietor from the business for his personal use' causes ____

  • 3)

    J. F. means ___________

  • 4)

    After the preparation of ledger, the next step is the preparation of

  • 5)

    A periodic total of the purchases book is posted to the _______

11th Standard Accounts English Medium Free Online Test Book Back One Mark Questions - Part Two - by Yamuni - Kovilpatti - View & Read

  • 1)

    Which of the following does not follow dual aspect concept?

  • 2)

    In double entry system of book keeping, every business transaction affects ______

  • 3)

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

  • 4)

    The total of the sales book is posted periodically to the credit of ____  

  • 5)

    A cash book with discount, cash and bank column is called_______

11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Two - by Yamuni - Kovilpatti - View & Read

  • 1)

    Who is considered to be the internal user of the financial information

  • 2)

    Accounting equation is formed based on the accounting principle of ______

  • 3)

    J. F. means ___________

  • 4)

    A list which contains balances of accounts to know whether the debit and credit balances are matched is___

  • 5)

    Purchase returns book is used to record_____

11th Standard Accounts English Medium Free Online Test Book Back One Mark Questions - Part Three - by Yamuni - Kovilpatti - View & Read

  • 1)

    Who is considered to be the internal user of the financial information

  • 2)

    The concept which assumes that a business will last indefinitely is

  • 3)

    In India, Accounting Standards are issued by

  • 4)

    Which of the following is/are the objective(s) of preparing trial balance?

  • 5)

    Purchases of fixed assets on credit basis is recorded in_______

11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Three - by Yamuni - Kovilpatti - View & Read

  • 1)

    Who is considered to be the internal user of the financial information

  • 2)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 3)

    The incorrect accounting equation _________

  • 4)

    If the total of the debit side of an account exceeds the total of its credit side, it means

  • 5)

    Which of the following is/are the objective(s) of preparing trial balance?

11th Standard Accountancy full portion important One Mark Questions - 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The root of financial accounting system is _________

  • 2)

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

  • 3)

    The famous book "Arthasastra" was written by

  • 4)

    Direct expenses appear in _______

  • 5)

    The profounder of double entry system of book-keeping is

11th Standard Accountancy English Medium All Chapter Book Back and Creative One Marks Questions 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The root of financial accounting system is _________

  • 2)

    Who is considered to be the internal user of the financial information

  • 3)

    Indirect expenses appear in _______

  • 4)

    __________ refers to choosing a desirable course of action from alternative course of actions.

  • 5)

    The business is liable to the proprietor of the business in respect of capital introduced by the person according to

11th Standard Accountancy English Medium All Chapter Book Back and Creative Two Marks Questions 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Define accounting.

  • 2)

    List any two functions of accounting.

  • 3)

    Write short notes on :
    a) Debtors
    b) Creditors

  • 4)

    Who are researchers?

  • 5)

    Write a brief note on 'Consistency' assumption.

11th Standard Accountancy English Medium All Chapter Book Back and Creative Three Marks Questions 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Explain the meaning of accounting

  • 2)

    Discuss briefly the branches of accounting.

  • 3)

    Briefly explain the following terms
    a) Account
    b) Voucher
    c) Invoice

  • 4)

    What is the difference between cash transaction and credit transactions?

  • 5)

    What is matching concept? Why should a business concern follow this concept?

11th Standard Accountancy English Medium All Chapter Book Back and Creative Five Marks Questions 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Explain the Accounting cycle

  • 2)

    Briefly explain the functions of accounting

  • 3)

    Explain the advantages of Book-keeping.

  • 4)

    What are the differences between Book keeping and Accounting?

  • 5)

    Karthick opened a provisions store on pt April, 2017. Journalise the following transactions in his books:

    2017 April   Rs
    1 Paid into bank for opening a current account 2,00,000
    3 Goods purchased by cheque 40,000
    5 Investments made in securities 40,000
    6 Goods sold to Radha for Rs.20,000 and cheque received and deposited into bank  
    7 Amount withdrawn from bank for office use 15,000
    10 Purchased goods from Kamala and cash deposited in CDM 10,000
    12 Sold goods to Vanitha who paid through debit card 10,000
    15 Interest on securities directly received by the bank 1,000
    20 Insurance paid by the bank as per standing instructions 2,000
    25 Sales made to Kunal who made payment through CDM 6,000

11th Accountancy - Full Portion Five Marks Question Paper - by 8682895000 - View & Read

  • 1)

    What will be the effect of the following on the accounting equation?
    (a) Sunil started business with Rs.1,40,000 cash and goods worth Rs.60,000
    (b) Purchased furniture worth Rs.20,000 by cash
    (c) Depreciation on furniture Rs.800
    (d) Deposited into bank Rs.40,000
    (e) Paid electricity charges through net banking Rs.500
    (f) Sold goods to Ravi costing Rs.10,000 for Rs.15,000
    (g) Goods returned by Ravi Rs.5,000

  • 2)

    Record the following transactions in the journal of Tmt. Bhanumathi.

    2016 Feb   Rs
    3 Bought goods for cash 84,500
    7 Sold goods to Dhanalakshmi on credit 55,000
    9 Received commission 3,000
    10 Cash Sales 1,09,000
    12 Bought goods from Mahalakshmi 60,000
    15 Received five chairs from Revathi & Co. at Rs. 400 each  
    20 Paid Revathi & CO., cash for five chairs  
    28 Paid Salaries 10,000
      Paid Rent 5,000
  • 3)

    Journalise the following transactions of Mr. Moorthi.

    2014, June 3 Received cash from Ramkumar Rs 60,000
      4 Purchased goods for cash Rs 15,000
      11 Sold goods to Damodaran Rs 22,000
      13 Paid to Ramkumar Rs 40,000
      17 Received from Damodaran Rs 20,000
  • 4)

    Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

     2017 April 1   Purchased goods from Prasad, Kancheepuram on credit 
        100 meters Silk @ Rs 450 per meter
        75 meters Velvet @ Rs 180 per meter
     April 10   Sold goods to Rathinam, Chennai on credit
        60 meters Silk @ Rs 490 per meter
        50 meters Velvet @ Rs 210 per meter
    April 18   Nathan & Sons purchased from us on credit
        100 meters Silk @ Rs 510 per meter
    April 20   Purchased goods from Hari Ram & Sons, Madurai on credit  
         50 rolls kada cloth @ Rs 730 per roll
        80 rolls cotton cloth @ Rs 650 per roll
    April 24   Purchased from Mohan, Karur for cash
         Shirting cloth @ Rs 7,000
        Sarees @ Rs 25,000
  • 5)

    Enter the following transactions in the purchases returns book of Hari who is dealing in automobiles and post them into the ledger.

     2017   
     Jan 5   Returned to Anand 5 clutch plates @ Rs 200 each, not in accordance with order. 
     Jan 14   Returned to Chandran 4 brake shoes @ Rs 200 each and 10rear view mirrors @ Rs 350 each, due to inferior quality.

11th Accountancy - Full Portion Three Marks Question Paper - by 8682895000 - View & Read

  • 1)

    Discuss briefly the branches of accounting.

  • 2)

    Explain the objectives of Accounting?

  • 3)

    What do you mean by IFRS?

  • 4)

    State the principles of double entry system of book keeping.

  • 5)

    What is double entry system? State its advantages.

11th Accountancy - Full Portion Two Marks Question Paper - by 8682895000 - View & Read

  • 1)

    Define accounting.

  • 2)

    What is drawings?

  • 3)

    Due to a labour strike, in a factory the production had to stop for a week. The accountant estimated the loss of production and likely loss of profit and recorded it in the books of accounts. Is the Accountant correct?

  • 4)

    What is cost concept

  • 5)

    What is meant by journalising?

11th Accountancy - Revision Model Question Paper 2 - by Yamuni - Kovilpatti - View & Read

  • 1)

    The root of financial accounting system is _________

  • 2)

    Double- entry book-keeping first emerged in Italy in the ___________ century.

  • 3)

    The business is liable to the proprietor of the business in respect of capital introduced by the person according to

  • 4)

    The incorrect accounting equation _________

  • 5)

    Which of the following statements is correct?

11th Accountancy - Public Exam Model Question Paper 2019 - 2020 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Which one of the following is not a main objective of Accounting?

  • 2)

    _____________must be properly maintained to increase their productivity.

  • 3)

    GAAPs are:

  • 4)

    The incorrect accounting equation _________

  • 5)

    RTGS stands for 

11th Accountancy - Depreciation Accounting Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    The time period for which an asset can be used efficiently is known as ____________ of an asset.

  • 2)

    ___________ method, is also known as original cost method or fixed instalments method.

  • 3)

    _________________ method, the amount spent on the purchase of an asset is regarded as an investment.

  • 4)

    _________________ means exhaustion of natural resources.

  • 5)

    The wear and tear of most of the fixed assets leads to ____________ of that asset.

11th Accountancy - Subsidiary Books - II Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    In addition to cash dealings, every business may use cheques as a means of ___________

  • 2)

    For the purpose of accounting, cheques received are treated as ______________

  • 3)

    If a cheque sent for collection is dishonoured, the debit is given to __________

  • 4)

    Which of the following is the kind of a Cash book?

  • 5)

    Postage stamps purchased for 50 by the business. This transaction will be recorded in ___________

11th Accountancy - Bank Reconciliation Statement Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    Which of the following is not the salient feature of bank reconciliation statement?

  • 2)

    _______________is simply a copy of the customer's account in the books of a bank.

  • 3)

    ___________is not possible to have unfavourable cash balance in the cash book.

  • 4)

    _______________can be prepared either from the balance as per cash book or bank statement.

  • 5)

    Preparation of bank reconciliation statement prevents_______________

11th Accountancy - Rectification of Errors Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    Errors which affect one side of an account are called.

  • 2)

    Amount spent on servicing office Typewriter should be debited to:

  • 3)

    Goods taken by the Proprietor for domestic use should be credited to ______________

  • 4)

    Good worth rs. 50 given as charity should be credited to ________.

  • 5)

    The errors can be classified into ________ types.

11th Accountancy - Subsidiary Books - I Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    Sales return book is used to record_________

  • 2)

    Closing entries are recorded in _____

  • 3)

    ______ is the statement prepared by the seller of goods.

  • 4)

    Goods returned by the customers may also be known as _____

  • 5)

    When a bill is drawn payable after a specified period the date on which the payment should be made is called _____

11th Accountancy - Books of Prime Entry Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    'Cash withdrawn by the proprietor from the business for his personal use' causes ____

  • 2)

    Real account deals with ______

  • 3)

    In double entry system of book keeping, every business transaction affects ______

  • 4)

    ____________ are recorded as and when they take place with the written and authentic proof.

  • 5)

    _______ is prepared in duplicate and the original is sent to the seller.

11th Accountancy - Ledger Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    Main objective of preparing ledger account is to _________

  • 2)

    The process of finding the net amount from the totals of debit and credit columns in a ledger is known as

  • 3)

    If the total of the debit side of an account exceeds the total of its credit side, it means

  • 4)

    Nominal Account having credit balance represents ___________________

  • 5)

    Nominal account having Debit balance represents _________________

11th Accountancy - Trial Balance Model Question Paper - by Yamuni - Kovilpatti - View & Read

  • 1)

    After the preparation of ledger, the next step is the preparation of

  • 2)

    Which of the following method(s) can be used for preparing trial balance?

  • 3)

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

  • 4)

    The trial balance helps in discovering errors which may have been committed in the __________.

  • 5)

    _____________ is prepared on a specific data.

11th Accountancy - Introduction to Accounting Important Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    The root of financial accounting system is _________

  • 2)

    Who is considered to be the internal user of the financial information

  • 3)

    ____________of a business have to be repaid in due time.

  • 4)

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

  • 5)

    ______________ wrote his 'Summa de arithmetical'.

11th Accountancy - Conceptual Framework of Accounting Important Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    The business is liable to the proprietor of the business in respect of capital introduced by the person according to

  • 2)

    The profounder of double entry system of book-keeping is

  • 3)

    In India, Accounting Standards are issued by

  • 4)

    __________________ is basically generating financial information.

  • 5)

    _____________ is the process of managing the income and expenses of a business firm.

11th Accountancy - Half Yearly Model Question Paper 2019 - by Yamuni - Kovilpatti - View & Read

  • 1)

    Which one of the following is not a main objective of Accounting?

  • 2)

    _______________involves recording of transactions and events which are financial in nature.

  • 3)

    GAAPs are:

  • 4)

    The dual aspect concept is the basis for ______________

  • 5)

    Bad debts entry is passed in__________.

11th Standard Accountancy - Term II Model Question Paper - by Sarathy - Theni - View & Read

  • 1)

    The root of financial accounting system is _________

  • 2)

    Who is considered to be the internal user of the financial information

  • 3)

    The profounder of double entry system of book-keeping is

  • 4)

    Accounting equation is formed based on the accounting principle of ______

  • 5)

    J. F. means ___________

11th Standard Accountancy - Bank Reconciliation Statement Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    Give any three reasons for preparing bank reconciliation statement.

  • 2)

    What is meant by the term "cheque not yet presented?"

  • 3)

    Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?

  • 4)

    What will be the effect of interest charged by the bank, if the balance is an overdraft?

  • 5)

    State the timing differences in BRS with examples.

11th Standard Accountancy - Subsidiary Books - II Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    What are the importance of cash book?

  • 2)

    Explain the types of petty cash books?

  • 3)

    From the following particulars, prepare Single column Cash book of Ms. Kokila

                                                                         Rs.
    2017 Mar 1 Cash in hand 20,000
      4 Cash Purchases 4,000
      7 Cash Sales 8,000
      8 Paid to Balan 5,000
      9 Received cash from Cheran 10,000
      13 Paid into Bank 10,000
      14 Cash withdrawn from bank 4,000
      18 Paid Salaries 1,000
      20 Bought Furniture 3,000
      28 Rent paid 1,000
  • 4)

    Enter the following transactions in a Single column Cash book of Mr. Kumaran.

          Rs.
    2018 Jan 1 Started business with cash 1,000
      3 Purchased goods for cash 500
      4 Sold goods 1,700
      5 Cash received from Siva 200
      12 Paid Balan 150
      14 Bought Furniture 200
      15 Purchased goods from Kala on credit 2,000
      20 Paid electric charges 225
      24 Paid salaries 250
      28 Received commission 75
  • 5)

    Prepare a double column cash book from the following transactions of Mr. Gopalan.

    2017 July 1 Cash in hand 4,000
    6 Cash purchases 2,000
    10 Wages paid 40
    11 Cash Sales 6,000
    12 Cash received from Suresh
    and allowed him discount
    1,980
    19 Cash paid to Meena
    and discount received
    20
    27 Cash paid to Radha 2,470
    28 Purchased goods for cash 2,070

11th Standard Accountancy - Rectification of Errors Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    The following errors were detected before preparation of the trial balance. Rectify them.
    (a) A sum of Rs 5,000 written off as depreciation on buildings has not been posted to depreciation account.
    (b) Payment of wages Rs 2,000 to Venkat was posted twice to wages account.
    (c) An amount of Rs 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs 200.

  • 2)

    The following errors were located after the preparation of trial balance. The difference in trial balance has been taken to suspense account. Rectify them.
    (a) The total of purchases book was carried forward Rs.70 less.
    (b) The total of sales book was carried forward Rs.340 more.
    (c) The total of purchases book was carried forward Rs.150 more.
    (d) The total of sales book was carried forward Rs.200 less.
    (e) The total of purchase returns book was carried forward Rs.350 less

  • 3)

    Rectify the following errors.
    (i) The Sales book of December was added short by Rs 500.
    (ii) A periodical total of the Purchases book was short by Rs 5,000.
    (iii) The total of Purchases return Book has been undercast by Rs 1,500.
    (iv) The Sales return book is added Rs 200 short.

  • 4)

    Following errors are discovered in the Books of Sita Ram. Make the necessary entries to rectify them.
    (i) Purchases journal was Rs 2,150.
    (ii) Rs 500 received from K. Krishna was debited to his account.
    (iii) An amount of Rs 3,000 withdrawn by the Proprietor of the firm for his personal use was posted to the Traveling expense account.
    (iv) An amount of Rs 175 for a credit sale to R. Gopalan correctly entered in the sale book, has been debited to his account as Rs 157.

  • 5)

    Pass the journal entries rectifying the following errors:
    (i) Purchases of office furniture of Rs 10,000 was recorded in Purchases book.
    (ii) Office rent of Rs 15,000 was debited to the personal account of the landlord.
    (iii) Old machine was sold for Rs 5,000 was credited to Sales account.

11th Standard Accountancy - Depreciation Accounting Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    Write a short note on - Insurance Policy Method

  • 2)

    Write a short note on - Revaluation Method :

  • 3)

    Write a short note on Machine hour rate method.

  • 4)

    What are the Factors determining the amount of depreciation?

  • 5)

    M/s. Shankar & Co. purchased a machinery on 01-01-2012 for Rs 10,00,000. The firm writes off depreciation at 10% on the original cost every year. The books are closed on 31st March every year. Pass the necessary journal entries.

11th Standard Accountancy - Final Accounts of Sole Proprietors - II Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    Show necessary entries to adjust the following on 31st December, 2017.
    (i) Outstanding salaries Rs 1,200
    (ii) Outstanding rent Rs 300
    (iii) Prepaid insurance premium Rs 450
    (iv) Interest on investments accrued Rs 400
    (v) Bad debts written off Rs 200

  • 2)

    Pass adjusting entries for the following on 31st March, 2018.
    (i) Charge interest on drawings at Rs 50
    (ii) Write off bad debts by Rs 500
    (iii) Depreciate furniture by Rs 1,000

  • 3)

    Sundry debtors as per trial balance as on 31st March, 2016 is Rs 10,000.
    Adjustment: Write off bad debts amounting to Rs 300.
    Give adjusting entry and show how these appear in the final accounts as on 31st March, 2016.

  • 4)

    Sundry debtors as per trial balance Rs 26,000
    Bad debts as per trial balance Rs 1,000
    Adjustment: Additional bad debts amounted to Rs 2,500
    Give adjusting entry and show how these appear in the final accounts on 31st March, 2016

  • 5)

    What is the need for preparing final accounts?

11th Standard Accountancy - Computerised Accounting Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    The following are the scores obtained by some students in a competitive examination. Find out the average, the highest and the lowest score using appropriate function in spreadsheet.

      A B C D E F G H
    1 NAME Anbu Balu Gobu Ramu Somu Raju Anu
    2 SCORES 60 80 164 192 104 64 204
  • 2)

    Give the Block diagram of computer.

  • 3)

    Explain the types of People Interact.

  • 4)

    Explain the three types of Procedures.

  • 5)

    Explain the codification of accounts.

11th Standard Accountancy - Final Accounts of Sole Proprietors - I Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    What are the need for preparation of trading account?

  • 2)

    What are the need for preparing a Balance sheet?

  • 3)

    What are the characteristics of balance sheet?

  • 4)

    Explain the types. of liabilities.

  • 5)

    What are the difference between trial balance and balance sheet.

11th Standard Accountancy - Subsidiary Books - I Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    Give the format of purchases book.

  • 2)

    Mention the subsidiary books in which the following transactions are recorded.
    (i) Sale of goods for cash
    (ii) Sale of goods on credit
    (iii) Purchases of goods on credit
    (iv) When the proprietor takes goods for personal use
    (v) Goods returned to suppliers for which cash is not received immediately
    (vi) Asset purchased as credit.

  • 3)

    What are the advantages of subsidiary books?

  • 4)

    Write short notes on :
    (a) Endorsement of a bill and
    (b) Discounting of a bill

  • 5)

    Visit some business units in your area. Find out the books maintained by them. Do they maintain special subsidiary books? If not, discuss with them the need and guide them on maintaining the special subsidiary books.

11th Accountancy - Computerised Accounting Model Question Paper - by Sarathy - Theni - View & Read

  • 1)

    In accounting, computer is commonly used in the following areas:

  • 2)

    Which one of the following is not a method of codification of accounts?

  • 3)

    Accounting software is an example of

  • 4)

    __________ packages are used by medium or large business enterprises.

  • 5)

    ___________ codes are applied primarily to source documents.such as cheques, invoices, etc.

11th Standard Accountancy - Final Accounts of Sole Proprietors - II Model Question Paper - by Sarathy - Theni - View & Read

  • 1)

    A prepayment of insurance premium will appear in

  • 2)

    Net profit is

  • 3)

    If there is no existing provision for doubtful debts, provision created for doubtful debts is

  • 4)

    ______ earned during the period must be compared with the expenses incurred during the period.

  • 5)

    Depreciation is deducted from concerned ______ in the Balance sheet.

11th Accountancy - Trial Balance Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    What are the objectives of preparing trial balance?

  • 2)

    What are the limitations of trial balance?

  • 3)

    'A trial balance is only a prima facie evidence of the arithmetical accuracy of records'. Do you agree with this statement? Give reasons.

  • 4)

    From the following balances extracted from the books of Mr Kannan at trader on automobiles, prepare trial balance as on 31st March 2017.

       Rs    Rs
     Cash ih hand   5,500   Direct expenses   5,000
     Discount received   300   Carriage outwards 3,500
     Creditors  15,000   Capital  45,000
     Buildings 50,000   Purchases 49,700
     Opening stock 6,000   Sales 59,000
  • 5)

    From the following balances extracted from the books of Mrs. Umashankar a trader, prepare trial balance as on 31.03.2015.

       Rs     Rs
     Capital     44,000   Interested on investment    2,000
     Bills receivable   5,000   Customs duty 3,000
     Wages 800   Computer   20,000
     Drawings 4,000   Sales 72,000
     Purchases 75,000   Opening stock 10,200

11th Accountancy - Ledger Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    Distinguish between journal and ledger.

  • 2)

    What is ledger? Explain its utilities.

  • 3)

    How is posting made from the journal to the ledger?

  • 4)

    Explain the procedure for balancing a ledger account.

  • 5)

    The following balances appeared in the books of Vinoth on Jan1, 2018
    Assets: Cash Rs.40,000; Stock Rs.50,000; Amount due from Ram Rs.20,000; Machinery Rs.40,000 Liabilities: Amount of due to Vijay Rs.10000 Pass the opening journal entry an deposit them to Vinoth's Capital account.

11th Standard Accountancy Unit 3 Books of Prime Entry Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    Write a brief note on accounting equation approach of recording transactions.

  • 2)

    What is an Account? Classify the accounts with suitable examples.

  • 3)

    What are the three different types of personal accounts?

  • 4)

    What is the accounting treatment for insurance premium paid on the life of the proprietor?

  • 5)

    State the principles of double entry system of book keeping.

11th Accountancy - Conceptual Framework of Accounting Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    What is matching concept? Why should a business concern follow this concept?

  • 2)

    "Only monetary transactions are recorded in accounting". Explain the statement.

  • 3)

    "Business units last indefinitely". Mention and explain the concept on which the statement is based.

  • 4)

    Write a brief note on Accounting Standards.

  • 5)

    What do you mean by IFRS?

11th Accountancy - Introduction to Accounting Three Marks Questions - by Yamuni - Kovilpatti - View & Read

  • 1)

    Explain the meaning of accounting

  • 2)

    Discuss briefly the branches of accounting.

  • 3)

    Discuss in detail the importance of accounting

  • 4)

    Why are the following parties interested in accounting information?
    (i) Investors
    (ii) Government

  • 5)

    Discuss the role of an accountant in the modern business world.

View all

TN Stateboard Education Study Materials

TN Stateboard Updated Class 11th Accountancy Syllabus

Introduction to Accounting

Introduction-Evolution of Accounting-Meaning and Definition of Accounting-Accounting Cycle-Objectives of Accounting-Functions of Accounting-Importance of Accounting-Basic Accounting Terminologies-Branches of Accounting-Bases of Accounting-Users of Accounting Information-Role of an Accountant

Conceptual Framework of Accounting

Book-keeping-An Introduction-Book-keeping Vs. Accounting-Relationship among Book-keeping, Accounting and Accountancy-Accounting Principles-Accounting Standards (AS)-International Financial Reporting Standards (IFRS)-Accounting Standards in India

Books of Prime Entry

Introduction-Source Documents-Double Entry System-Transaction-Account-Approaches of Recording Transactions-Accounting Rules-Journal Entries

Ledger

Introduction-Utilities of Ledger-Format of Ledger Account-Distinction between Journal and Ledger-Procedure for Posting-Balancing of Ledger Accounts

Trial Balance

Introduction-Need for Preparing Trial Balance-Definition of Trial Balance-Features of Trial Balance-Objectives of Preparing Trial Balance-Limitations of Trial Balance-Methods of Preparing Trial Balance-Suspense Account

Subsidiary Books – I

Introduction-Meaning of Subsidiary Books-Types of Subsidiary Books-Advantages of Subsidiary Books-Purchases Book-Purchases Returns Book-Sales Book-Sales Returns Book-Bills of Exchange-Bills Receivable Book-Bills Payable Book-Journal Proper

Subsidiary Books – II

Introduction-Meaning of Cash Book-Cash Book – A Subsidiary Book and Principal Book of Accounts-Importance of Cash Book-Types of Cash Book-Single Column Cash Book-Cash Discount and Trade Discount-Double Column Cash Book-Three Column Cash Book-Petty Cash Book

Bank Reconciliation Statement

Introduction-Bank Reconciliation Statement (BRS)-Reason why Bank Column of Cash Book and Bank Statement may Differ-Preparation of Bank Reconciliation Statement

Rectification of Errors

Introduction-Meaning of Errors-Errors at Different Stages of Accounting-Classifications of Errors-Errors Disclosed by the Trial Balance and Errors Not Disclosed by the Trial Balance-Steps to Locate Errors-Suspense Account-Rectification of Errors-Errors in Computerised Accounting

Depreciation Accounting

Introduction-Depreciation – Meaning and Definition-Objectives of Providing Depreciation-Causes of Depreciation-Characteristics of Depreciation-Factors Determining The Amount of Depreciation-Methods of Providing Depreciation-Methods of Recording Depreciation-Calculation of Profit or Loss on Sale of Asset

Capital and Revenue Transactions

Introduction-Considerations in Determining Capital and Revenue Expenditures-Classification of Expenditure-Capital Expenditure-Revenue Expenditure-Deferred Revenue Expenditure-Comparison of Capital, Revenue and Deferred Revenue Expenditure-Capital and Revenue Receipts-Distinction between Capital and Revenue Receipts

Final Accounts of Sole Proprietors – I

Introduction-Closing Entries and Opening Entry-Trading Account-Profit and Loss Account-Balance Sheet-Difference between Trial Balance and Balance Sheet

Final Accounts of Sole Proprietors – II

Introduction-Adjustment Entries and Accounting Treatment of Adjustments-Summary of Adjusting Entries and Accounting Treatment of Adjustments-Final Accounts with Adjustments

Computerised Accounting

Introduction-Computerised Accounting System (CAS)-Advantages of Computerised Accounting System-Limitations of Computerised Accounting System-Differences between Manual and Computerised Accounting System-Accounting Software-Grouping and Codification of Accounts-Microsoft Office-MS Word and MS Excel Practical

TN StateboardStudy Material - Sample Question Papers with Solutions for Class 11 Session 2019 - 2020

Latest Sample Question Papers & Study Material for class 11 session 2019 - 2020 for Subjects Maths, Commerce, Economics, Biology, Business Maths, Computer Science, Physics, Chemistry, Computer Applications , History , Computer Technology in PDF form to free download [ available question papers ] for practice. Download QB365 Free Mobile app & get practice question papers.

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