11th Standard Syllabus & Materials
11th Standard
Tamilnadu 11th Standard Tamil மொழி கலை -செய்யுள் - ஒவ்வொரு புல்லையும் Important Questions And Answers Study Material - QB365
NEW11th Standard
Tamilnadu 11th Standard Tamil கேடில் விழுச்செல்வம் - உரைநடை - தமிழகக் கல்வி வரலாறு Important Questions And Answers Study Material - QB365
NEW11th Standard
Tamilnadu 11th Standard Tamil பீடு பெற நில் - இலக்கணம் - பகுபத உறுப்புகள் Important Questions And Answers Study Material - QB365
NEW11th Standard
Tamilnadu 11th Standard Tamil பீடு பெற நில் - செய்யுள் - குறுந்தொகை Important Questions And Answers Study Material - QB365 Set B
NEW11th Standard
Tamilnadu 11th Standard Tamil பீடு பெற நில் - செய்யுள் - குறுந்தொகை Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
Tamilnadu 11th Standard Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set B

Published on: 07/07/2018
PRIME ENTRY ONE MARK
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 + Answers key
Take MCQ Accountancy Test

1.
Journal is a book of ___
Original Entry
Last Book
Secondary Entry
All transaction
2.
Rent outstanding is _________
Nominal A/c
Personal A/c
Real A/c
Representative Personal A/c
3.
Building is an item of ________
Expense
Liabilities
Asset
Revenue
4.
Which one is one of these cash transactions?
Sold goods to Raghavan
Bought goods from Anand
Salaries paid
Loan borrowed from Bank
5.
Personal account deals with ____
Debtor and creditor
Assets and Liabilities
Expenses and Losses
None of these
6.
Process of recording business transaction in the prime record is called as _________
Posting
Balancing
Casting
Journalising
7.
Cash A/c is a ______
Real A/c
Nominal A/c
Personal A/c
Impersonal A/c
8.
Which one of the following is representative personal account?
Capital A/c
Outstanding salary A/c
Mahesh A/c
Balan & Co..
9.
Which one of the accounting assumptions with which the account equation is formed ____
Going concern
Consistency
Dual aspect
Accrual
10.
Point out the incorrect accounting equation
Assets = Liabilities + Capital
Assets = Capital + Liabilities
Liabilities = Assets + Capital
Capital = Assets - Liabilities
11.
If the total assets of the business are Rs.4,50,000 and external liabilities are Rs.2,00,000. calculate internal liabilities (owner's equity)
1,50,000
2,50,000
2,00,000
6,50,000
12.
If the total assets of a business Rs.1,30,000 and capital is Rs.80,000. calculate the external liabilities (creditors equity)
Rs.1,00,000
Rs.50,000
Rs.30,000
Rs.70,000
13.
Harsha commenced business on 1st April, 2013 with a capital of Rs.6,00,000. On 31st March, 2014 his assets were worth Rs.8,00,000 and liabilities Rs.50,000. Find out his closing capital.
Rs.7,50,000
Rs.2,00,000
Rs.5,50,000
Rs.8,50,000
14.
The Liabilities of a firm are Rs.3,000; the capital of the proprietor is Rs.7,000. The total assets are ____________
Rs.7,000
Rs.10,000
Rs.4,000
Rs.12,000
15.
Raman started business with Rs.60,000 as capital. The effect of the transaction would be ________
Increase in Asset, Decrease in Liability
Decrease in Asset, Increase in Liability
Increase in Asset, Increase in Liability
Decrease in Asset, Decrease in Liability
16.
The effect of each business transaction will have the effect on accounting equation _____
always in assets only
always in liabilities only
always in assets and liabilities
always either in assets or liabilities or both
17.
Source documents are the _______
Business Documents
Proof of Business transactions
Business Deals
Activities of Business
18.
Name the column in a journal which is not filled at the time of journalising
Journal Folio
Both 'a' and 'b'
None of these
Ledger Folio
19.
Credit purchases of furniture will be recorded through which Voucher?
Transfer voucher
Compound voucher
Complex voucher
None of these
20.
Name the source document used for depositing money in the bank.
Voucher
Receipts
Pay-in-slip
Invoice
21.
Received cash for Bad debts written off last year is credited to ____
Bad debts A/c
Bad debts recovered A/c
Cash A/c
Debtors A/c
22.
Rs.500 not recovered from Mr. Surya a customer due to his insolvency is debited to _______
Cash A/c
Surya A/c
Bad debts A/c
Customer A/c
23.
The liabilities of a business are Rs.30,000, the Capital of the proprietor is Rs.70,000. The total assets are _____
Rs.70,000
Rs.1,00,000
Rs.40,000
Rs.50,000
24.
The Accounting Equation is connected with ________
Assets only
Liabilities only
Assets, Liabilities and Capital
None of these
25.
Goodwill is an example of ________
tangible real A/c
intangible real A/c
nominal A/c
none of these
26.
Murali account is an example for ______
personal A/c
real A/c
nominal A/c
none of these
27.
The word journal has been derived from the French word 'Jour' Jour means _________
Cash
Money
Day
None of these
28.
______ is the original book of recording the business transactions in a systematic manner.
Journal
Ledger
Cash Book
Sales Book
29.
Transactions relating with individuals or firms or companies are known as _______
personal accounts
real accounts
nominal accounts
capital accounts
30.
Equity + Liabilities = ______
Capital
Creditors
Assets
None of these
31.
Accounting equation is a ____ expression which. shows that the total of assets is equal to the total liabilities and capital.
scientifical
mathematical
social
all the above
32.
The relationship of assets with that of liabilities to outsiders and to owners in the form is known as _____.
single entry system
double entry system
accounting equation
none of these
33.
Transaction can be classified into _______ transaction and _______ transaction.
cash, credit
purchases, sales
cash, purchase
none of these
34.
_______ system is the scientific and complete system of recording the financial transactions of a business.
Single Entry
Double Entry
Prime Entry
Journal Entry
35.
_________ is a negotiable instrument.
Cheque
Cash
Discount
Premium
36.
_____ is a statement prepared by the seller who receives back from his customer the goods sold.
Debit Memo
Credit note
Receipts
Pay-in-slip
37.
A debit note is called as _______
debit memo
credit memo
pay-in-slip
receipts
38.
_______ is prepared in duplicate and the original is sent to the seller.
Debit Note
Credit Note
Pay-in-slip
None of these
39.
________ is prepared in three copies.
Debit Note
Credit Note
Receipts
Invoice
40.
______ is used for credit purchases and credit sales.
Cash Receipt
Debit Note
Invoice
Credit Note
41.
____________ are recorded as and when they take place with the written and authentic proof.
Accounting equations
Transactions
Accountants
Book keeping
42.
________ starts with identifying business transactions involving money or money's worth.
Accounting process
Accounting equation
Book keeping
Double entry system
43.
In double entry system of book keeping, every business transaction affects
Minimum of two accounts
Same account on two different dates
Two sides of the same account
Minimum three accounts
44.
Withdrawal of cash from business by the proprietor should be credited to
Drawings A/c
Cash A/c
Capital A/c
Purchases A/c
45.
Prepaid rent is a
Nominal A/c
Personal A/c
Real A/c
Representative personal A/c
46.
Which one of the following is representative personal account?
Building A/c
Outstanding salary A/c
Mahesh A/c
Balan & Co
47.
Real account deals with
Individual persons
Expenses and losses
Assets
Incomes and gains
48.
Accounting equation is formed based on the accounting principle of
Dual aspect
Consistency
Going concern
Accrual
49.
The incorrect accounting equation
Assets = Liabilities + Capital
Assets = Capital + Liabilities
Liabilities = Assets + Capital
Capital = Assets - Liabilities
50.
A firm has assets of Rs.1,00,000 and the external liabilities of Rs.60,000. Its capital would be
Rs.1,60,000
Rs.60,000
Rs.1,00,000
Rs.40,000
1.
(a)
Original Entry
2.
(d)
Representative Personal A/c
3.
(c)
Asset
4.
(c)
Salaries paid
5.
(a)
Debtor and creditor
6.
(a)
Posting
7.
(a)
Real A/c
8.
(b)
Outstanding salary A/c
9.
(c)
Dual aspect
10.
(c)
Liabilities = Assets + Capital
11.
(b)
2,50,000
12.
(b)
Rs.50,000
13.
(a)
Rs.7,50,000
14.
(b)
Rs.10,000
15.
(c)
Increase in Asset, Increase in Liability
16.
(d)
always either in assets or liabilities or both
17.
(b)
Proof of Business transactions
18.
(d)
Ledger Folio
19.
(a)
Transfer voucher
20.
(c)
Pay-in-slip
21.
(b)
Bad debts recovered A/c
22.
(c)
Bad debts A/c
23.
(b)
Rs.1,00,000
24.
(c)
Assets, Liabilities and Capital
25.
(b)
intangible real A/c
26.
(a)
personal A/c
27.
(c)
Day
28.
(a)
Journal
29.
(a)
personal accounts
30.
(c)
Assets
31.
(b)
mathematical
32.
(c)
accounting equation
33.
(a)
cash, credit
34.
(b)
Double Entry
35.
(a)
Cheque
36.
(b)
Credit note
37.
(a)
debit memo
38.
(a)
Debit Note
39.
(d)
Invoice
40.
(c)
Invoice
41.
(b)
Transactions
42.
(a)
Accounting process
43.
(a)
Minimum of two accounts
44.
(b)
Cash A/c
45.
(d)
Representative personal A/c
46.
(b)
Outstanding salary A/c
47.
(c)
Assets
48.
(a)
Dual aspect
49.
(c)
Liabilities = Assets + Capital
50.
(d)
Rs.40,000
11th Standard Syllabus & Materials
11th Standard
Tamilnadu 11th Standard Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
Tamilnadu 11th Standard Tamil பீடு பெற நில் - உரைநடை - மலை இடப்பெயர்கள் : ஓர் ஆய்வு Important Questions And Answers Study Material - QB365 Set B
NEW11th Standard
Tamilnadu 11th Standard Tamil பீடு பெற நில் - உரைநடை - மலை இடப்பெயர்கள் : ஓர் ஆய்வு Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
Tamilnadu 11th Standard Tamil மாமழை போற்றுதும் - செய்யுள் - ஐங்குறுநூறு Important Questions And Answers Study Material - QB365 Set B
Tamilnadu Stateboard 11th Standard Subjects

Maths

Commerce

Economics

Biology

Business Maths and Statistics

Accountancy

Computer Science

Physics

Chemistry

Maths

Biology

Economics

Physics

Chemistry

History

Business Maths and Statistics

Computer Science

Accountancy

Computer Applications

History

Computer Technology

Commerce

Computer Applications

Computer Technology

Tamil

English

French
Tamilnadu Stateboard Standards