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Published on: 16/11/2020
11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key
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.
Cash book is a type _________but treated as a_______of accounts.
subsidiary book, Principal book
Principal book, subsidiary book
subsidiary book, subsidiary book
Principal book, principal book
2.
Atul purchased a car Rs. 5,00,000 , by making down payment of Rs.1,00,000 and signing a Rs. 4,00,000 bill payable due in 60 days. As a result of this transaction.
Total assets increase by Rs. 5,00,000
Total liabilities increase by Rs.4,00,000
Total assets increase by Rs. 4,00,000
Total assets increase by Rs. 4,00,000 with a corresponding increase in liabilites by Rs. 4,00,000
3.
A businessman purchased goods for Rs. 25, 00,000 and sold 80% of such goods during the accounting year ended 31st March 2015. The market value of the remaining goods was Rs, 4,00,000. He valued the closing inventory at cost. He violated the concept of ______.
Money measurement
Conservatism
Cost
Periodicity
4.
When balance as per pass book is the starting point, interest allowed by bank is_______________.
subtracted
added
neither of the two
5.
The person who wants to record the business transaction is _______
Businessman
Transactor
Customer
6.
___________ refers to buying and selling of goods with the intention of making profit.
Trading
Trial balance
Balance Sheet
Profit and Loss Account
7.
Interest on loan borrowed unpaid is shown on the _____ side of the Balance sheet.
Asset
Liabilities
Both 'a' and b'
None of these
8.
Under the diminishing balance method of depreciation ____________
Both rate of depreciation and amount of depreciation are reduced every year
Only the amount of depreciation is reduced every year
Only the rate of depreciation is reduced every year
None of the above
9.
The person who has to make the payment or who accepts to make the payment is called the _______
drawee
drawer
payee
creditor
10.
All the business transactions are recorded in the book of _______________
accounts
book keeping
transactions
none of these
1.
(a)
subsidiary book, Principal book
2.
(d)
Total assets increase by Rs. 4,00,000 with a corresponding increase in liabilites by Rs. 4,00,000
3.
(b)
Conservatism
4.
(a)
subtracted
5.
(a)
Businessman
6.
(a)
Trading
7.
(b)
Liabilities
8.
(b)
Only the amount of depreciation is reduced every year
9.
(a)
drawee
10.
(a)
accounts
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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
