11th Standard Syllabus & Materials

11th Standard

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11th Accountancy Unit 3 Books of Prime Entry - One Mark Question with Answer Key

Published on: 26/08/2019

Books of Prime Entry

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

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Std: 11th Standard - Accountancy

chapter: - Model Question paper

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Questions:

Multiple Choice Question

15 x 1 = 15

Which of the following is correct?

(a)

C=A-L

(b)

C=A+L

(c)

C=L-A

Which of the following is correct?

(a)

L=A+C

(b)

L=A-C

(c)

L=C-A

Which of the following is correct accounting equation?

(a)

A=C-L

(b)

A=L-C

(c)

A=C+L

Drawings account is classified under __________.

(a)

Real A/c

(b)

Personal A/c

(c)

Nominal A/c

Nominal account is classified under__________.

(a)

Personal A/c

(b)

Impersonal A/c

(c)

Neither of the two

_______ 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

________ is prepared in three copies.

(a)

Debit Note

(b)

Credit Note

(c)

Receipts

(d)

Invoice

______ is used for credit purchases and credit sales.

(a)

Cash Receipt

(b)

Debit Note

(c)

Invoice

(d)

Credit Note

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

(a)

Accounting equations

(b)

Transactions

(c)

Accountants

(d)

Book keeping

10.

________ starts with identifying business transactions involving money or money's worth.

(a)

Accounting process

(b)

Accounting equation

(c)

Book keeping

(d)

Double entry system

11.

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

(a)

Drawings A/c

(b)

Cash A/c

(c)

Capital A/c

(d)

Purchases A/c

12.

Which one of the following is representative personal account?

(a)

Building A/c

(b)

Outstanding salary A/c

(c)

Mahesh A/c

(d)

Balan & Co

13.

Real account deals with

(a)

Individual persons

(b)

Expenses and losses

(c)

Assets

(d)

Incomes and gains

14.

'Cash withdrawn by the proprietor from the business for his personal use' causes

(a)

Decrease in assets and decrease in owner's capital

(b)

Increase in one asset and decrease in another asset

(c)

Increase in one asset and increase in liabilities

(d)

Increase in asset and decrease in capital

15.

Accounting equation signifies

(a)

Capital of a business is equal to assets

(b)

Liabilities of a business are equal to assets

(c)

Capital of a business is equal to liabilities

(d)

Assets of a business always equal to the total of capital and liabilities

Match the following

5 x 1 = 5

16.

Capital account

17.

Expenses account

18.

Decrease in liability

19.

Increase in capital

20.

Revenue account

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Answers Key:

Multiple Choice Question

15 x 1 = 15

(a)
C=A-L

(b)
L=A-C

(b)
Personal A/c

(b)
Impersonal A/c

(a)
Debit Note

(d)
Invoice

(b)
Transactions

10.

(a)
Accounting process

11.

(b)
Cash A/c

12.

(b)
Outstanding salary A/c

13.

14.

(a)
Decrease in assets and decrease in owner's capital

15.

(d)
Assets of a business always equal to the total of capital and liabilities

Match the following

5 x 1 = 5

16.

Owner

17.

Purchase of goods

18.

Paid creditors

19.

Commence business

20.

Rent received

11th Standard Syllabus & Materials

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11th Standard Study Materials

Model Question paper

Previous Year Question paper

Revision Test

Quarterly Exams

Half Yearly Exams

Important Questions

Creative Questions

Tamilnadu Stateboard Standards

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