Refer to CBSE Class 11 Accountancy Introduction to Accounting MCQs provided below. CBSE Class 11 Accountancy MCQs with answers available in Pdf for free download. The MCQ Questions for Class 11 Accountancy with answers have been prepared as per the latest syllabus, CBSE books and examination pattern suggested in Class 11 by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 1 Introduction to Accounting are an important part of exams for Class 11 Accountancy and if practiced properly can help you to get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Accountancy and also download more latest study material for all subjects
MCQ for Class 11 Accountancy Chapter 1 Introduction to Accounting
Class 11 Accountancy students should refer to the following multiple-choice questions with answers for Chapter 1 Introduction to Accounting in Class 11. These MCQ questions with answers for Class 11 Accountancy will come in exams and help you to score good marks
Chapter 1 Introduction to Accounting MCQ Questions Class 11 Accountancy with Answers
MCQs
(a) Accounting
(b) Recording
(c) Journalizing
(d) Bookkeeping
Question : In accounts recording is made of :
(a) Only financial transactions
(b) Only non-financial transactions
(c) Financial and non-financial transactions
(d) Personal transactions of the proprietor
Answer : A
(a) Financial Accounting
(b) Cost Accounting
(c) Auditing
(d) None of these
(a) Creditors
(b) Potential investors
(c) Managers
(d) Researchers
(a) Profit
(b) Capital
(c) Fixed assets
(d) None of these.
(a) Based on Accounting Convention
(b) Evidence in Legal Matters
(c) Incomplete Information
(d) Omission of Qualitative Information
(a) Arthur Field House
(b) Gitman
(c) William Pickles
(d) Lucas Pacioli
(a) Goods transactions
(b) Service transactions
(c) Business transactions
(d) Credit transactions
(a) All management functions
(b) Controlling functions
(c) Coordinating management functions
(d) None of these
(a) Buyer of goods granted discount by seller
(b) Deducted when we receive cash
(c) Given by us when we sell goods on credit
(d) None of these
Answer : A
(a) Owner’s Equity
(b) Liabilities
(c) Equities
(d) None of these
(a) Goods for sale.
(b) Stationery for office use.
(c) Goods for the factory.
(d) All of the above.
(b) Stock / Inventory
(c) Bad Debts
(d) Sales Return
(a) Creditors
(b) Accounts Receivable
(c) Loan
(d) Payable expenses
(a) An art
(b) A science
(c) An art and science both
(d) None of these.
(a) Are bought to be used in the business
(b) Are expensive items bought for the business
(c) Are items which will not wear out quickly
(d) Are of long life and are not purchased specifically for resale
Answer : D
(a) Government
(b) Commerce
(c) Trade
(d) Business
(a) Recording economic events in the books of account.
(b) Preparation of financial Statements
(c) Communication of information.
(d) Analysis and interpretation of information.
(a) Comparability
(b) Understandability
(c) Relevance
(d) Reliability
(a) Dual Aspect Concept
(b) Materiality Concept
(c) Going Concern Concept
(d) Matching Concept
(a) Recording economic events in the books of account.
(b) Preparation of financial statements.
(c) Communication of information.
(d) Analysis and interpretation of information.
(a) Debit voucher
(b) Debit note
(c) Credit note
(d) Credit voucher
(a) Current Liabilities
(b) Fixed liabilities
(c) Contingent liabilities
(d) All the above
Answer : A
(a) Same
(b) Different
(c) Opposite
(d) None of these
(a) Similar business acquired the required building in 2000 for Rs. 10,00,000
(b) Building cost details of 2003
(c) Building cost details of 1998
(d) Similar building cost in August, 2005 Rs. 25,00,000
(a) Income and cost for the managers
(b) Financial conditions of the institutions
(c) Company’s tax liability for a particular year
(d) All the above
Answer : D
(a) The Profit and Loss Account
(b) A Nominal Account
(c) The Capital Account
(d) A Suspense Account
Answer : D
(a) Only Financial Transactions
(b) Only Non-Financial Transactions
(c) Financial And Non-Financial Transactions
(d) Personal Transactions Of The Proprietor
(a) Cash transactions
(b) Credit transactions
(c) Cash as well as Credit transactions
(d) None of the above
(a) Similar business acquired the required building in 2000 for Rs. 10,00,000
(b) Building cost details of 2003
(c) Building cost details of 1998
(d) Similar building cost in August, 2005 Rs. 25,00,000
Answer : A
(a) Understandability
(b) Relevance
(c) Comparability
(d) Reliability
Answer : A
Answer : management/employees
Answer : Drawings
Answer : owner's equity/capital
Answer : False
Answer : drawings
Answer : debtor
Complete the following sentences with appropriate words
Question : Information in financial reports’is based on _______ transactions.
Answer : economic
Question : A _______ would most likely use an entities financial report to determine whether or not the business entity is eligible for a loan.
Answer : creditor
Question : ______ users are groups outside the business entity, who uses the information to make decisions about the business entity.
Answer : external
Question : The process of accounting starts with ______ and ends with _______.
Answer : identifying the transactions, communicating information
Question : Identified and measured economic events should be recording in __________ order.
Answer : chronological
CBSE Class 11 Accountancy Introduction to Accounting MCQs |
CBSE Class 11 Accountancy Principles Of Accounting MCQs |
CBSE Class 11 Accountancy Theory Base Of Accounting MCQs |
CBSE Class 11 Accountancy Recording Of Transactions MCQs |
CBSE Class 11 Accountancy Recording of Transactions - II MCQs |
CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs |
CBSE Class 11 Accountancy Rectification Of Errors MCQs |
CBSE Class 11 Accountancy Depreciation Reserves and Provisions MCQs |
CBSE Class 11 Accountancy Bills Of Exchange MCQs |
CBSE Class 11 Accountancy Financial Statements - I MCQs |
CBSE Class 11 Accountancy Financial Statements - II MCQs |
CBSE Class 11 Accountancy Accounts from Incomplete Records MCQs |
CBSE Class 11 Accountancy Applications of Computers in Accounting MCQs |
CBSE Class 11 Accountancy Computerised Accounting System MCQs |
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CBSE Class 11 Accountancy Chapter 1 Introduction to Accounting MCQs
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MCQs for Accountancy CBSE Class 11 Chapter 1 Introduction to Accounting
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Chapter 1 Introduction to Accounting MCQs Accountancy CBSE Class 11
All MCQs given above for Class 11 Accountancy have been made as per the latest syllabus and books issued for the current academic year. The students of Class 11 can refer to the answers which have been also provided by our teachers for all MCQs of Accountancy so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided lot of MCQ questions for Class 11 Accountancy so that you can solve questions relating to all topics given in each chapter. All study material for Class 11 Accountancy students have been given on studiestoday.
Chapter 1 Introduction to Accounting CBSE Class 11 MCQs Accountancy
Regular MCQs practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Chapter 1 Introduction to Accounting concepts. MCQs play an important role in developing understanding of Chapter 1 Introduction to Accounting in CBSE Class 11. Students can download and save or print all the MCQs, printable assignments, practice sheets of the above chapter in Class 11 Accountancy in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 11 Accountancy MCQ Test for the same chapter
CBSE MCQs Accountancy Class 11 Chapter 1 Introduction to Accounting
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Multiple Choice Questions (MCQs) for Chapter 1 Introduction to Accounting Class 11 Accountancy are objective-based questions which provide multiple answer options, and students are required to choose the correct answer from the given choices.