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Published on: 18/11/2020
11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Nine
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.
A fixed asset was bought for 75,000. Its accumulated depreciation is 71,000 and rate depreciation is 10%. What are the depreciation expenses for the current accounting period using reducing balance method?
Rs.600
Rs.2000
Rs.500
Rs.400
2.
Which one of the following is the most popular method of preparing a trial balance.
Total method
Balance method
Trial and error method
Line method
3.
________ is said to be the root of accounting.
Cost Accounting
Stewardship Accounting
Management Accounting
None of the above
4.
___________ is the amount incurred in order to produce and sell the goods and services.
Creditor
Debtor
Stock
Expense
5.
A debit note is called as _______
debit memo
credit memo
pay-in-slip
receipts
6.
Postage stamps purchased for 50 by the business. This transaction will be recorded in ___________
Petty cash book
Purchase book
Sales book
Bills receivable book
7.
Real account deals with
Individual persons
Expenses and losses
Assets
Incomes and gains
8.
Closing entries are recorded in _____
Cash book
Ledger
Journal proper
Purchases book
9.
ASB stands for________________
Accounting Standard Board
Accounting Standard Business
Accounting Statistics Business
Accounting Standard Books
10.
______________ wrote his 'Summa de arithmetica'.
Kautilya
Valluvar
Luca pacioli
Chanakaya
1.
(c)
Rs.500
2.
(b)
Balance method
3.
(b)
Stewardship Accounting
4.
(d)
Expense
5.
(a)
debit memo
6.
(a)
Petty cash book
7.
(c)
Assets
8.
(c)
Journal proper
9.
(a)
Accounting Standard Board
10.
(c)
Luca pacioli
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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
