11th Standard Syllabus & Materials

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11th Accountancy - Conceptual Framework of Accounting One Mark Question Paper

Published on: 24/08/2019

Conceptual Framework of Accounting

Download Tamil Nadu 11th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Std: 11th Standard - Accountancy

chapter: - Model Question paper

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Questions:

Multiple Choice Question

15 x 1 = 15

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

(a)

Economic

(b)

Statistics

(c)

Accountancy

(d)

None of these

__________________ is basically generating financial information.

(a)

Accounting

(b)

Accountancy

(c)

Economic

(d)

Bookkeeping

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

(a)

Double entry

(b)

Bookkeeping

(c)

Economics

(d)

Statistics

_______________ cannot remember all the transactions for quite a long time.

(a)

Owners

(b)

Bankers

(c)

Consumers

(d)

Business Managers

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

(a)

Double entry

(b)

Single entry

(c)

Bookkeeping

(d)

Accounting

___________ said "Bookkeeping is an art of recording business dealings in a set of books".

(a)

Norcot

(b)

J.R. Batliboi

(c)

R.N. Carter

(d)

Keynes

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

(a)

accounting

(b)

economics

(c)

double entry

(d)

none of these

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

(a)

Balance Sheet

(b)

Trial balance

(c)

bookkeeping

(d)

All the above

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

(a)

science

(b)

economic

(c)

commerce

(d)

business

10.

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

(a)

bookkeeping

(b)

Accountancy

(c)

Statistics

(d)

none of these

11.

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

(a)

Materiality

(b)

Money measurement

(c)

Conservatism

(d)

Accrual

12.

GAAPs are:

(a)

Generally Accepted Accounting Policies

(b)

Generally Accepted Accounting Principles

(c)

Generally Accepted Accounting Provisions

(d)

None of these

13.

The concept which assumes that a business will last indefinitely is

(a)

Business Entity

(b)

Going concern

(c)

Periodicity

(d)

Conservation

14.

The proponent of double entry system of book-keeping is ___________

(a)

J. R. Batlibai

(b)

Luca Pacioli

(c)

Old Kesal

(d)

Menhar

15.

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

(a)

Money measurement concept

(b)

Cost concept

(c)

Business entity concept

(d)

Dual aspect concept

Match the following

5 x 1 = 5

16.

Accounting

17.

IFRS

18.

ASB

19.

GAAP

20.

Book keeping

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Answers Key:

Multiple Choice Question

15 x 1 = 15

(a)
Accounting

(b)
Bookkeeping

(d)
Business Managers

(b)
J.R. Batliboi

(a)
accounting

(d)
business

10.

(a)
bookkeeping

11.

12.

(b)
Generally Accepted Accounting Principles

13.

(b)
Going concern

14.

(b)
Luca Pacioli

15.

Match the following

5 x 1 = 5

16.

Process of recording

17.

lndustrial Pinnncinl Reporting Standards

18.

Accounting Standards Board

19.

Accounting Principles

20.

Acconting Process

11th Standard Syllabus & Materials

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11th Standard

TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A

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TN 11th Tamil பீடு பெற நில் - உரைநடை - மலை இடப்பெயர்கள் : ஓர் ஆய்வு Important Questions And Answers Study Material - QB365 Set A

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Accountancy Tamilnadu Stateboard Class 11 MCQ Practice Test

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11th Standard Study Materials

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