CBSE Class 11 Accountancy Bills Of Exchange MCQs
MCQs Question : Bills of Exchange contains an unconditional ____________, and Promissory note contains an unconditional _________________. a) Order, promise b) Payment, order c) Promise, order d) Payment, promise Answer : A Question : Noting charges are…
CBSE Class 11 Accountancy Depreciation Reserves and Provisions MCQs
Question : What Journal Entry will be passed: Value of asset being sold transferred to Asset Disposal Account? a) Asset Disposal A/c Dr b) Asset A/c Dr c) Asset A/c Dr d) Asset Sale A/c Dr Answer : A Question : Which method of depreciation suffers from the…
CBSE Class 11 Accountancy Principles Of Accounting MCQs
Question : Which of the following is the International Accounting Standard for Intangible Assets? a) IAS 38 b) IAS 18 c) IAS 33 d) IAS 12 Answer : IAS 38 Question : Which of the following is the title of AS-3 (Revised)? a) Cash Flow Statement b)…
CBSE Class 11 Accountancy Recording Of Transactions MCQs
Question : Anil, the Petty Cashier of Ebony, has an imprest of Rs.5,000 out of which he pays for petty expenses. He submits the details of payments every 15 days which is reimbursed to him. He submitted the details for 15 days that ended on 15th April, 2012 amounting to Rs. 4…
CBSE Class 11 Accountancy Rectification Of Errors MCQs
MCQs Question : Goods lost by fire should be credited to: a) Trading A/c b) Loss by Fire A/c c) Sales A/c d) Profit & Loss A/c Answer : A Question : Sales of Rs.10,000 recorded as Rs. 1,000 is an example of: a) Compensating Error b) Errors of principle c)…
CBSE Class 11 Accountancy Theory Base Of Accounting MCQs
Question : Which of the following categories of information is NOT provided by Financial Accounting? a) Overheads b) Cash Flow c) Financial Position d) Profit or Surplus Answer : A Question : The Trading and Profit and Loss Account is prepared under…