Question Set A

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One mark questions are quick and easy to score. Here are the most important one mark questions from the Samacheer syllabus for 11th accountancy. Students can practice with this question paper to score more. In this question paper, one marks are questions are taken based on the book back, creative questions and repeatedly asked questions.

The question paper is created based on the state board syllabus. It is a very useful question paper for Matriculation and state board students for their exam preparation. Usually, one mark questions are very simple but asked in a tricky way. By practicing repeatedly you will get the idea of answering the questions and this improves the speed of answering. This will save the time and you can complete all the questions without any last our tension.

Our aim is to bring out the best scores on board exams. By practicing with this important model question paper student can gain more knowledge and confidence to crack the exams. With this model objective questions, you can get good scores by practicing.

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.

Questions:

Multiple Choice Question

50 x 1 = 50

The cash discount allowed to a debtor should b e credited to_________.

(a)

Discount Account

(b)

Customer's Account

(c)

Sales account

(d)

None of the above

Which one of the following is the most popular method of preparing a trial balance.

(a)

Total method

(b)

Balance method

(c)

Trial and error method

(d)

Line method

A decrease in the provision for doubtful debts would result in___________.

(a)

Increase in liability

(b)

Decrease in liability

(c)

Decrease in the net profit

(d)

Increase in the net profit

The Capital of a sole trader is affected by_________.

(a)

Purchase of raw material

(b)

Commission received

(c)

Cash received from trade receivables

(d)

Purchase of an asset for cash

Contra entries are passed only when___________.

(a)

Double Column cash book is prepared

(b)

Three-Column Cash book is prepared

(c)

Single Cash book is prepared

(d)

None of the above

ICAI stands for_________.

(a)

Institute of Chartered Accountants of India

(b)

Institute of Cost Accountants of India

(c)

International Chartered Accounts Investigation

(d)

None of the above

Which of the following provide fram work and accounting policies so that the financial statements of different enterprises become comparable?

(a)

Business standards

(b)

Accounting standards

(c)

Market standards

(d)

None

The practice of transferring closing stock into trading accounting is the ________concept.

(a)

Going Concern Concept

(b)

Matching Concept

(c)

Money Measurement Concept

(d)

Revenue Realization Concept

Purchase of machinery is recorded in____________.

(a)

sales book

(b)

journal proper

(c)

purchases book

10.

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

11.

Indian Bank, is classified under _________.

(a)

personal A/c

(b)

real A/c

(c)

nominal A/c

12.

The activities of a business, which involve transfer of money or goods or services between two persons or two accounts are ______

(a)

accounting

(b)

records

(c)

transactions

13.

The books in which a transaction is recorded for the first time from a source document are call ________entry.

(a)

journal

(b)

books of original

(c)

books of journal

14.

The giving aspect in a transaction is caned ___________.

(a)

debit aspect

(b)

credit aspect

(c)

neither. of the two

15.

The term TDS in taxation refers to _______

(a)

Tax Dissolved

(b)

Tax Deducted Source

(c)

Both

16.

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

(a)

Solvent

(b)

Insolvency

(c)

Bad debt

17.

_________ requires analytical skill.

(a)

Accounting

(b)

Single entry

(c)

Book-keeping

(d)

Ledger

18.

In 1494, _________ an Italian developed double-entry book-keeping system.

(a)

Luca Pacioli

(b)

Kautilya

(c)

Wheeler

(d)

R.N. Carter

19.

Purchased goods from Venkat for each should be credited to _________

(a)

Venkat A/c

(b)

Cash A/c

(c)

Purchase A/c

(d)

Goods A/c

20.

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

(a)

Debited to bad debts account

(b)

Debited to sundry debtors account

(c)

Credited to bad debts account

(d)

Debited to profit and loss account

21.

Accounting software is an example of _______.

(a)

System software

(b)

Application software

(c)

Utility software

(d)

Operating software

22.

Which method shall be efficient, if repairs and maintenance cost of an asset increases as it grows older.

(a)

Straight line method

(b)

Reducing balance method

(c)

Sinking fund method

(d)

Annuity method

23.

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

(a)

Straight line method

(b)

Diminishing balance method

(c)

Annuity method

(d)

Insurance policy method

24.

A transaction not recorded at all is known as an error of _______.

(a)

Principle

(b)

Complete omission

(c)

Partial omission

(d)

Duplication

25.

Salaries appearing in the trial balance is shown on the _______.

(a)

Debit side of trading account

(b)

Debit side of profit and loss account

(c)

Liabilities side of the balance sheet

(d)

Assets side of the balance sheet

26.

Amount received from IDBI as a medium term loan for augmenting working capital ______.

(a)

Capital expenditures

(b)

Revenue expenditures

(c)

Revenue receipts

(d)

Capital receipt

27.

Which one of the following is not a timing difference?

(a)

Cheque deposited but not yet credited

(b)

Cheque issued but not yet presented for payment

(c)

Among directly paid into the bank

(d)

Wrong debit in the cash book

28.

A bank reconciliation statement is prepared to know the causes for the difference between:

(a)

The balance as per the cash column of the cash book and bank column of the cash book.

(b)

The balance as per the cash column of the cash book and bank statement

(c)

The balance as per the bank column of the cash book and the bank statement.

(d)

The balance as per petty cash book and the cash book

29.

Which one is one of these cash transactions?

(a)

Sold goods to Raghavan

(b)

Bought goods from Anand

(c)

Salaries paid

(d)

Loan borrowed from Bank

30.

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

(a)

Voucher

(b)

Receipts

(c)

Pay-in-slip

(d)

Invoice

31.

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

(a)

single entry system

(b)

double entry system

(c)

accounting equation

(d)

none of these

32.

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

(a)

Debit Note

(b)

Credit Note

(c)

Pay-in-slip

(d)

None of these

33.

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

(a)

Petty cash book

(b)

Purchase book

(c)

Sales book

(d)

Bills receivable book

34.

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

(a)

Single column

(b)

Double column

(c)

Three column

(d)

None of these

35.

The person who prepares the bill is called the _____

(a)

drawer

(b)

drawee

(c)

payee

(d)

acceptance

36.

The incorrect accounting equation

(a)

Assets = Liabilities + Capital

(b)

Assets = Capital + Liabilities

(c)

Liabilities = Assets + Capital

(d)

Capital = Assets - Liabilities

37.

Small payments are recorded in a book called_____.

(a)

Cash book

(b)

Purchase book

(c)

Bills payable book

(d)

Petty cash book

38.

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

(a)

Simple cash book

(b)

Double column cash book

(c)

Three column cash book

(d)

Petty cash book

39.

Closing entries are recorded in _____

(a)

Cash book

(b)

Ledger

(c)

Journal proper

(d)

Purchases book

40.

Sales return book is used to record_________

(a)

Returns of goods by the customer for which cash is paid immediately

(b)

Returns of goods by the customer for which cash is not paid immediately

(c)

Returns of assets by the customer for which cash is not paid immediately

(d)

Returns of assets by the customer for which cash is paid immediately

41.

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

42.

The trial balance contains the balances of_____

(a)

Only personal accounts

(b)

Only real accounts

(c)

Only nominal accounts

(d)

All accounts

43.

Transferring entries from Journal to Ledger Accounts is called _____________

(a)

Casting

(b)

Posting

(c)

Journalising

(d)

Balancing

44.

J. F. means ___________

(a)

Ledger page number

(b)

Journal page number

(c)

Voucher number

(d)

Order number

45.

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

(a)

Money measurement concept

(b)

Cost concept

(c)

Business entity concept

(d)

Dual aspect concept

46.

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

(a)

Transactions

(b)

Events

(c)

Accounting cycle

(d)

Costing

47.

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

(a)

Norcot

(b)

J.R. Batliboi

(c)

R.N. Carter

(d)

Keynes

48.

______________ wrote his 'Summa de arithmetica'.

(a)

Kautilya

(b)

Valluvar

(c)

Luca pacioli

(d)

Chanakaya

49.

GAAPs are:

(a)

Generally Accepted Accounting Policies

(b)

Generally Accepted Accounting Principles

(c)

Generally Accepted Accounting Provisions

(d)

None of these

50.

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

(a)

Systematic recording of transactions

(b)

Ascertainment of the profitability of the business

(c)

Ascertainment of the Financial position of the business

(d)

Solving tax disputes with tax authorities

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Answers Key:

Multiple Choice Question

50 x 1 = 50

(b)
Customer's Account

(b)
Balance method

(d)
Increase in the net profit

(b)
Commission received

(b)
Three-Column Cash book is prepared

(a)
Institute of Chartered Accountants of India

(b)
Accounting standards

(a)
Going Concern Concept

(b)
journal proper

10.

11.

(a)
personal A/c

12.

13.

(a)
journal

14.

(b)
credit aspect

15.

(b)
Tax Deducted Source

16.

(b)
Insolvency

17.

(a)
Accounting

18.

(a)
Luca Pacioli

19.

(b)
Cash A/c

20.

(d)
Debited to profit and loss account

21.

(b)
Application software

22.

(b)
Reducing balance method

23.

(b)
Diminishing balance method

24.

(b)
Complete omission

25.

(b)
Debit side of profit and loss account

26.

(d)
Capital receipt

27.

(d)
Wrong debit in the cash book

28.

29.

30.

31.

32.

(a)
Debit Note

33.

(a)
Petty cash book

34.

(a)
Single column

35.

(a)
drawer

36.

37.

(d)
Petty cash book

38.

39.

40.

(b)
Returns of goods by the customer for which cash is not paid immediately

41.

(b)
On a particular date

42.

(d)
All accounts

43.

(b)
Posting

44.

(b)
Journal page number

45.

(b)
Cost concept

46.

(a)
Transactions

47.

(b)
J.R. Batliboi

48.

49.

(b)
Generally Accepted Accounting Principles

50.

(d)
Solving tax disputes with tax authorities

11th Accountancy One Marks Test Set A

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Std: 11th Standard - Accountancy

chapter: - Model Question paper

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Questions:

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Answers Key:

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