11th Standard Accountancy Question papers - study material, free online tests, previous year question papers, answer keys, topper answers, centum question paper, exam tips

11th Standard Accounts Rectification of Errors English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Errors not affecting the agreement of trial balance are _______.
2)
Which of the following errors will not affect the trial balance?
3)
A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?
4)
Which of the following errors will be rectified using suspense account?
5)
_______________ usually occurs due to lack of concentration or carelessness of the accountant.

11th Standard Accounts Conceptual Framework of Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
2)
The concept which assumes that a business will last indefinitely is
3)
Which of the following does not follow dual aspect concept?
4)
___________ is the process of recording business transactions in the books of accounts in a systematic way.
5)
___________ involves recording business transactions of financial nature in the books of accounts.

11th Standard Accounts Conceptual Framework of Accounting English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The profounder of double entry system of book-keeping is ___________
2)
In India, Accounting Standards are issued by
3)
When money came into existence, ____________ activities involving money also flourished along with it.
4)
Financial or business transaction is recorded, according to accrual concept of accounting ________.
5)
Business enterprises is separate from its owner according to __________concept.

11th Standard Accounts Books of Prime Entry English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
2)
The concept which assumes that a business will last indefinitely is
3)
The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :
4)
Which of the following does not follow dual aspect concept?
5)
___________ involves recording business transactions of financial nature in the books of accounts.

11th Standard Accounts Books of Prime Entry English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
'Cash withdrawn by the proprietor from the business for his personal use' causes
2)
Real account deals with
3)
Prepaid rent is a
4)
In double entry system of book keeping, every business transaction affects
5)
________ is prepared in three copies.

11th Standard Accounts Ledger English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Main objective of preparing ledger account is to
2)
J. F. means ___________
3)
___________ is known as principal book of accounts because It is very useful for a business enterprise.
4)
The ledger account is prepared in ______________ format.
5)
Personal and real accounts are _____________

11th Standard Accounts Ledger English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The process of transferring the debit and credit items from journal to ledger accounts is called
2)
The amount brought into the business by the proprietor should be credited to
3)
The financial statements can be prepared from the ____________ balances.
4)
Ledger is a book of _______________
5)
Posting on the Credit side of an account is written as _______________

11th Standard Accounts Trial Balance English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Trial balance is a_____
2)
The trial balance contains the balances of_____
3)
Which of the following method(s) can be used for preparing trial balance?
4)
The difference of totals of both debit and credit side of trial balance is transferred to _________
5)
______________ is a statement containing the debit and credit balances of all ledger accounts on a particular date.

11th Standard Accounts Trial Balance English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
After the preparation of ledger, the next step is the preparation of
2)
The account which has a debit balance and is shown in the debit column of the trial balance is_______
3)
Trial balance is prepared ____________
4)
The preparation of ___________ is the third step in the accounting process.
5)
______________helps to check the arithmetical accuracy of entries made in the accounting records.

11th Standard Accounts Subsidiary Books - I English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Purchases book is used to record______
2)
Purchase returns book is used to record_____
3)
Purchases of fixed assets on credit basis is recorded in_______
4)
Which of the following statements is not true?
5)
______ is one of the most important books, in which credit purchases of goods are recorded.

11th Standard Accounts Subsidiary Books - I English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
A periodic total of the purchases book is posted to the _______
2)
Sales return book is used to record_________
3)
The source document or voucher used for recording entries in sales book is ____
4)
Purchases book does not keep record of purchases of _____
5)
Entries in the purchases day book are made from invoices which are popularly known as _____

11th Standard Accounts Subsidiary Books - II English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Cash book is a_______
2)
If the debit and credit aspects of a transaction are recorded in the cash book, it is ______.
3)
Small payments are recorded in a book called_____.
4)
__________ is the most important subsidiary book.
5)
__________ Cash Book has only one amount column that is cash column

11th Standard Accounts Subsidiary Books - II English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The cash book records____.
2)
Which of the following is recorded as contra entry?
3)
The balance in the petty cash book is_____.
4)
____________ is maintained by every business, whether small or large is size
5)
_________ transactions are not recorded in the cash book

11th Standard Accounts Bank Reconciliation Statement English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
A bank reconciliation statement is prepared by ______.
2)
Debit balance in the bank column of the cash book means _______.
3)
Which of the following is not the salient feature of bank reconciliation statement?
4)
Balance as per bank statement is Rs. 1,000. Cheque deposited, but not yet credited by the bank is Rs. 2,000. What is the balance as per bank column of the cash book?
5)
________________can also be made through bank

11th Standard Accounts Bank Reconciliation Statement English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
A bank reconciliation statement is prepared with the help of ______.
2)
Balance as per cash book is Rs. 2,000. Bank charge of Rs. 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?
3)
Which one of the following is not a timing difference?
4)
___________is not possible to have unfavourable cash balance in the cash book.
5)
When balance as per Cash book is the starting point, to ascertain balance as per Pass book interest allowed by bank is______________

11th Standard Accounts Rectification of Errors English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Errors not affecting the agreement of trial balance are _______.
2)
A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?
3)
Which of the following errors will be rectified using suspense account?
4)
The failure of the accountant to record a transaction in the books of accounts is known as ________________
5)
_______________ usually occurs due to lack of concentration or carelessness of the accountant.

11th Standard Accounts Depreciation Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Under straight line method, the amount of depreciation is ____.
2)
Cash received from sale of fixed asset is credited to ____________
3)
Depreciation is caused by ____.
4)
For which of the following assets, the depletion method is adopted for writing off cost of the asset?
5)
The written down value is the true value of ________ assets

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Who developed the double - entry book - keeping system?
2)
Statement used to measure the arithmetical accuracy of accounts is ______
3)
Which of the following concepts assumes that a business will last indefinite
4)
The dual aspect concept is the basis for ______ system.
5)
Matching concept means __________.

11th Standard Accounts Depreciation Accounting English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is ____.
2)
Depreciation is provided on ____________
3)
Depreciation is the process of ____________
4)
____________ is a statement of financial position of a business.
5)
___________ is a non-cash item.

11th Standard Accounts Capital and Revenue Transactions English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Amount spent on increasing the seating capacity in a cinema hall is ______.
2)
Interest on bank deposits is ______.
3)
In the accounting cycle ___________ items are to be shown in the trading and profit and loss account.
4)
The benefits of ___________ are available for more than one year.
5)
The loss which is not incurred in the normal course of business is ___________

11th Standard Accounts Capital and Revenue Transactions English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be ______.
2)
Pre-operative expenses are ______.
3)
____________ is recurring in nature.
4)
___________ is received in the normal course of business
5)
Shanthi introduces Rs.50,000 as additional capital in the business. This amount will be considered as _____________.

11th Standard Accounts Final Accounts of Sole Proprietors - I English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Closing stock is an item of ______.
2)
Drawings appearing in the trial balance is _______.
3)
Current assets does not include _______.
4)
At the end of the accounting year the balance in purchases returns account is closed by transferring to __________ account.
5)
____________ account is prepared to find out the difference between the revenue from sales and cost of goods sold.

11th Standard Accounts Final Accounts of Sole Proprietors - I English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Balance sheet is ______.
2)
Salaries appearing in the trial balance is shown on the _______.
3)
Goodwill is classified as _______.
4)
___________ refers to buying and selling of goods with the intention of making profit.
5)
____________ is a tax levied by the local authority when the purchased goods enter the municipal limits.

11th Standard Accounts Final Accounts of Sole Proprietors - II English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Net profit is ______.
2)
Accrued interest on investment will be shown______.
3)
The income which has been earned during the current accounting year but .not received till the end of that accounting year is called as _____
4)
_______ is a loss for the business and should be adjusted against profit.
5)
The Trial Balance shows bank loan Rs.5,00,000 at 12% on 01-01-2015. Interest paid Rs.40,000. Interest outstanding is ______ as on 31-12-2015.

11th Standard Accounts Final Accounts of Sole Proprietors - II English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Closing stock is valued at ______.
2)
Return inwards are deducted from ______
3)
The Trial balance as on 31-03-2016 shows. Sundry debtors Rs.25,000. Write off Rs.1,000 as bad debts. The amount of provision for bad and doubtful debts at 5% will be ______
4)
Prepaid insurance is _______
5)
Interest on drawings is credited to ______ Account.

11th Standard Accounts Computerised Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
In accounting, computer is commonly used in the following areas:
2)
One of the limitations of computerised accounting system is _______.
3)
Which one of the following is not a method of codification of accounts?
4)
People who write codes and programes are called as _______.
5)
___________ codes are applied primarily to source documents.such as cheques, invoices, etc.

11th Standard Accounts Computerised Accounting English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Customised accounting software is suitable for _______.
2)
TALLY is an example of _______.
3)
Accounting software is an example of _______.
4)
__________ is an identification mark.
5)
___________code can facilitate document search.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Financial position of a business is ascertained on the basis of ______.
2)
Financial or business transaction is recorded, according to accrual concept of accounting ________.
3)
An entry is passed in the beginning of current year is called _________
4)
Purchases of fixed assets on credit basis is recorded in_______
5)
Debit balance in the bank column of the cash book means _______.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Two - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Environmental pollution cost incurred by an enterprise is ________
2)
Real account deals with
3)
Name the source document used for depositing money in the bank.
4)
The trial balance contains the balances of_____
5)
The total of the sales book is posted periodically to the credit of ____

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Two - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The activities of a business, which involve transfer of money or money's worth are called _______________
2)
The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :
3)
According to _____________ concept only business transactions are recorded.
4)
With drawal of cash from business by the proprietor should be credited to
5)
______ is used for credit purchases and credit sales.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Three - by Question Bank Software - Nov 18, 2020 - View & Read

1)
__________ is useful to find out tax liability in case of sales tax, income tax, property tax, etc
2)
Identify the 'Personal account' from the following:
3)
The trial balance contains the balances of_____
4)
Purchases of fixed assets on credit basis is recorded in_______
5)
From the following, which date denotes payable Bill date 2017 March 1, Months -2, Gross day - 3

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Three - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Two or more business units forming a single entity is known as __________.
2)
Which of the following is correct about 'Accounting Concept'?
3)
Prepaid rent is a
4)
Drawings account is classified under __________.
5)
Posting on the Credit side of an account is written as _______________

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Four - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Only monetary transactions are recorded in _______ concept of accounting.
2)
Kautilya's Arthasastra was written in__________.
3)
If the total of the debit side of an account exceeds the total of its credit side, it means
4)
Which one the following represents correct sequence of accounting cycle
5)
" Bills payable discounted in cash by creditor". This transaction will be recorded in__________.

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Four - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Accounting which is used to determine the cost of products ( or) services is ______ accounting.
2)
GAAPs are:
3)
Goods given as charity should be credited to___________.
4)
Under the diminishing balance method of depreciation ____________
5)
Balance sheet is ______.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Five - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The document prepared by the seller when he sells goods to the buyer is _____________.
2)
Who is considered as the external user of financial information?
3)
The word journal has been derived from the French word 'Jour' Jour means _________
4)
________ accounts show the values of assets.
5)
The difference of totals of both debit and credit side of trial balance is transferred to _________

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Five - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The balance in the trading account is the gross profit or __________.
2)
Basic unit for measurement in accounting is _______
3)
The term TDS in taxation refers to _______
4)
In India, Accounting Standards are issued by
5)
_____________ is the process of managing the income and expenses of a business firm.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Six - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Transaction which involves immediate cash payment is _______
2)
Book keeping prepares the ground for the important steps of finalising and interpretation which are usually performed by _____________.
3)
Accounting equation is formed based on the accounting principle of
4)
The Accounting Equation is connected with ________
5)
In big concerns, the ledger is ________________

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Six - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
_______________is concerned with identification, quantification and reporting of investments made in human resources.
3)
Who is considered to be the external user of the financial information?
4)
Incapability of a person or an enterprise to pay the debts is known as ______
5)
As per dual aspect concept, every business transaction has___________

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Seven - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Which one of the following is not a branch of accounting?
2)
______ refers to financial obligation of the business.
3)
Author of the famous book 'Arthasasthra' is _______
4)
Accounts of persons with whom the business deals is known as_________.
5)
Prepaid rent is a

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Seven - by Question Bank Software - Nov 18, 2020 - View & Read

1)
_____________are interested to know whether the business has earned a profit or loss during a particular period.
2)
Which one of the following is/are the objectives of accounting?
3)
_______ is an amount which is withdrawn for personal use by proprietor.
4)
In India, Accounting Standards are issued by
5)
Which of the following method(s) can be used for preparing trial balance?

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Eight - by Question Bank Software - Nov 18, 2020 - View & Read

1)
___________ is the amount incurred in order to produce and sell the goods and services.
2)
In India, Accounting Standards are issued by
3)
__________ is useful to find out tax liability in case of sales tax, income tax, property tax, etc
4)
Accounting requires ______
5)
If the total of the debit side of an account exceeds the total of its credit side, it means

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Eight - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Incapability of a person or an enterprise to pay the debts is known as ______
2)
The result of a business may be ________
3)
The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :
4)
Accounts of persons with whom the business deals is known as________.
5)
Statement: Purchased goods from Rahul for Rs. 10,000. Find out which of the following is related to the statement.

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Nine - by Question Bank Software - Nov 18, 2020 - View & Read

1)
______________ wrote his 'Summa de arithmetical'.
2)
___________ is the amount incurred in order to produce and sell the goods and services.
3)
________ is said to be the root of accounting.
4)
ASB stands for________________
5)
Real account deals with

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Nine - by Question Bank Software - Nov 18, 2020 - View & Read

1)
The concept which assumes that a business will last indefinitely is
2)
___________ requires that all accounting transactions recorded should be based on objective evidence.
3)
An entry is passed in the beginning of current year is called _________
4)
The amount brought into the business by the proprietor should be credited to
5)
Posting on the Credit side of an account is written as _______________

11th Standard Accounts English Medium Free Online Test 1 Mark Questions 2020 - Part Ten - by Question Bank Software - Nov 18, 2020 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
The industrial revolution took place in ______________
3)
The amount receivable or realised from sale of goods and the earnings from interest, dividend, commission, etc., is
4)
In a ledger account, when the debit total and credit total are equal it is called ________________
5)
Which of the following is/are the objective(s) of preparing trial balance?

11th Standard Accounts English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Ten - by Question Bank Software - Nov 18, 2020 - View & Read

1)
________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.
2)
A person who owns a business is called ___________
3)
_______________are made for outstanding and prepaid expenses and income.
4)
Which of the following is a cash transaction __________
5)
The account which has a debit balance and is shown in the debit column of the trial balance is_______

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - by Question Bank Software - Nov 16, 2020 - View & Read

1)
_____________has rightly been termed as the language of the business.
2)
External reporting is done for __________________
3)
_________________ is an art of recording business transactions based on certain principles.
4)
____________ are recorded as and when they take place with the written and authentic proof.
5)
An entry is passed in the beginning of current year is called _________

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - by Question Bank Software - Nov 16, 2020 - View & Read

1)
All the business transactions are recorded in the book of _______________
2)
The person who wants to record the business transaction is _______
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 ______.
4)
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.
5)
The person who has to make the payment or who accepts to make the payment is called the _______

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Two - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Double- entry book-keeping first emerged in Italy in the ___________ century.
2)
Accounting gives information on _________
3)
Book-keeping provides the basis for accounting and it is ______ to accounting process.
4)
________ is prepared in three copies.
5)
Which of the following is correct?

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Two - by Question Bank Software - Nov 16, 2020 - View & Read

1)
The balance in the trading account is the gross profit or __________.
2)
Which section of Indian Companies Act 2013 says that all companies should maintain books of accounts on accrual basis of accounting
3)
Accounts of persons with whom the business deals is known as_________.
4)
The proprietor of the business is treated as a creditor for capital introduced by him according to _____________________
5)
Accounting equation arises from which concept?

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Three - by Question Bank Software - Nov 16, 2020 - View & Read

1)
________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.
2)
__________ refers to choosing a desirable course of action from alternative course of actions.
3)
Evaluating the performance of different periods is possible in _______
4)
The relationship of assets with that of liabilities to outsiders and to owners in the form is known as _____.
5)
Computer purchased from Rajesh should be debited to __________.

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Three - by Question Bank Software - Nov 16, 2020 - View & Read

1)
_______________is provided with a complete picture of the liquidity, profitability and solvency aspects of the business.
2)
Financial information for managerial decision making caused emergence of ______ accounting.
3)
The creditors are shown in the balance sheet as _______
4)
As per dual aspect concept, every business transaction has _______
5)
Business enterprises is separate from its owner according to __________concept.

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Four - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Accounting works as a tool for measuring past performance of the___________ enterprises.
2)
The word journal has been derived from the French word 'Jour' Jour means _________
3)
Which of the following will affect the agreement of a trial balance?
4)
_________ transactions are not recorded in the cash book
5)
______________ is prepared to avoid the delay in the preparation of final accounts.

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four - by Question Bank Software - Nov 16, 2020 - View & Read

1)
______________ wrote his 'Summa de arithmetical'.
2)
Book keeping prepares the ground for the important steps of finalising and interpretation which are usually performed by _____________.
3)
___________will be very much uneconomical to record small details in Accounting.
4)
___________ requires that all accounting transactions recorded should be based on objective evidence.
5)
Posting on the Credit side of an account is written as _______________

11th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Five - by Question Bank Software - Nov 16, 2020 - View & Read

1)
_______________involves recording of transactions and events which are financial in nature.
2)
A firm purchased five briefcases for its managers costing Rs.1000 each. The accountant charged it to profit and loss account instead of showing as an asset this was done under _______
3)
Capital = Rs.60,000; Assets = Rs.1,35,000; Liabilities = ?
4)
Nominal account having Debit balance represents _________________
5)
Entries in the purchases day book are made from invoices which are popularly known as _____

11th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Five - by Question Bank Software - Nov 16, 2020 - View & Read

1)
________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.
2)
Unsold goods lying is a business on a particular date are known as _________.
3)
__________ refers to choosing a desirable course of action from alternative course of actions.
4)
Matching concept means __________.
5)
The column of ledger which links the entry with Journal is _________________

11th Standard Accounts Introduction to Accounting English Medium Free Online Test One Mark Questions 2020 - 2021 - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
Financial position of a business is ascertained on the basis of ______.
3)
_____________must be properly maintained to increase their productivity.
4)
____________also require accounting records to submit in courts to prove their claims.
5)
______________ wrote his 'Summa de arithmetical'.

11th Standard Accounts English Medium Free Online Test Book Back One Mark Questions - by Question Bank Software - Nov 16, 2020 - View & Read

1)
The root of financial accounting system is ______.
2)
Accounting equation signifies
3)
Main objective of preparing ledger account is to
4)
Trial balance is a_____
5)
Purchases book is used to record______

11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
'Cash withdrawn by the proprietor from the business for his personal use' causes
3)
J. F. means ___________
4)
After the preparation of ledger, the next step is the preparation of
5)
A periodic total of the purchases book is posted to the _______

11th Standard Accounts English Medium Free Online Test Book Back One Mark Questions - Part Two - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Which of the following does not follow dual aspect concept?
2)
In double entry system of book keeping, every business transaction affects
3)
The amount brought into the business by the proprietor should be credited to
4)
The total of the sales book is posted periodically to the credit of ____
5)
A cash book with discount, cash and bank column is called_______

11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Two - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
Accounting equation is formed based on the accounting principle of
3)
J. F. means ___________
4)
A list which contains balances of accounts to know whether the debit and credit balances are matched is _______
5)
Purchase returns book is used to record_____

11th Standard Accounts English Medium Free Online Test Book Back One Mark Questions - Part Three - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
The concept which assumes that a business will last indefinitely is
3)
In India, Accounting Standards are issued by
4)
Which of the following is/are the objective(s) of preparing trial balance?
5)
Purchases of fixed assets on credit basis is recorded in_______

11th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Three - by Question Bank Software - Nov 16, 2020 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :
3)
The incorrect accounting equation
4)
If the total of the debit side of an account exceeds the total of its credit side, it means
5)
Which of the following is/are the objective(s) of preparing trial balance?

11th Standard Accountancy full portion important One Mark Questions - 2020 - by Question Bank Software - Mar 20, 2020 - View & Read

1)
The root of financial accounting system is ______.
2)
Financial position of a business is ascertained on the basis of ______.
3)
The famous book "Arthasastra" was written by ___________
4)
Direct expenses appear in _______
5)
The profounder of double entry system of book-keeping is ___________

11th Standard Accountancy English Medium All Chapter Book Back and Creative One Marks Questions 2020 - by Question Bank Software - Mar 13, 2020 - View & Read

1)
The root of financial accounting system is ______.
2)
Who is considered to be the internal user of the financial information?
3)
Indirect expenses appear in _______
4)
__________ refers to choosing a desirable course of action from alternative course of actions.
5)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to

11th Standard Accountancy English Medium All Chapter Book Back and Creative Two Marks Questions 2020 - by Question Bank Software - Mar 13, 2020 - View & Read

1)
Define accounting.
2)
List any two functions of accounting.
3)
Write short notes on :
a) Debtors
b) Creditors
4)
Who are researchers?
5)
Write a brief note on 'Consistency' assumption.

11th Standard Accountancy English Medium All Chapter Book Back and Creative Three Marks Questions 2020 - by Question Bank Software - Mar 13, 2020 - View & Read

1)
Explain the meaning of accounting.
2)
Discuss briefly the branches of accounting.
3)
Briefly explain the following terms
a) Account
b) Voucher
c) Invoice
4)
What is the difference between cash transaction and credit transactions?
5)
What is matching concept? Why should a business concern follow this concept?

11th Standard Accountancy English Medium All Chapter Book Back and Creative Five Marks Questions 2020 - by Question Bank Software - Mar 13, 2020 - View & Read

1)
Explain the Accounting cycle
2)
Briefly explain the functions of accounting
3)
Explain the advantages of Book-keeping.
4)
What are the differences between Book keeping and Accounting?

5)

Karthick opened a provisions store on pt April, 2017. Journalise the following transactions in his books:

2017 April		Rs
1	Paid into bank for opening a current account	2,00,000
3	Goods purchased by cheque	40,000
5	Investments made in securities	40,000
6	Goods sold to Radha for Rs.20,000 and cheque received and deposited into bank
7	Amount withdrawn from bank for office use	15,000
10	Purchased goods from Kamala and cash deposited in CDM	10,000
12	Sold goods to Vanitha who paid through debit card	10,000
15	Interest on securities directly received by the bank	1,000
20	Insurance paid by the bank as per standing instructions	2,000
25	Sales made to Kunal who made payment through CDM	6,000

11th Accountancy - Full Portion Five Marks Question Paper - by 8682895000 - Jan 21, 2020 - View & Read

1)
What will be the effect of the following on the accounting equation?
(a) Sunil started business with Rs.1,40,000 cash and goods worth Rs.60,000
(b) Purchased furniture worth Rs.20,000 by cash
(c) Depreciation on furniture Rs.800
(d) Deposited into bank Rs.40,000
(e) Paid electricity charges through net banking Rs.500
(f) Sold goods to Ravi costing Rs.10,000 for Rs.15,000
(g) Goods returned by Ravi Rs.7,500

2)

Record the following transactions in the journal of Tmt. Bhanumathi.

2016 Feb		Rs
3	Bought goods for cash	84,500
7	Sold goods to Dhanalakshmi on credit	55,000
9	Received commission	3,000
10	Cash Sales	1,09,000
12	Bought goods from Mahalakshmi	60,000
15	Received five chairs from Revathi & Co. at Rs. 400 each
20	Paid Revathi & CO., cash for five chairs
28	Paid Salaries	10,000
	Paid Rent	5,000

3)

Journalise the following transactions of Mr. Moorthi.

2014, June	3 Received cash from Ramkumar	Rs. 60,000
	4 Purchased goods for cash	Rs. 15,000
	11 Sold goods to Damodaran	Rs. 22,000
	13 Paid to Ramkumar	Rs. 40,000
	17 Received from Damodaran	Rs. 20,000

4)

Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

2017 April 1	Purchased goods from Prasad, Kancheepuram on credit
	100 meters Silk @ Rs. 450 per meter
	75 meters Velvet @ Rs. 180 per meter
April 10	Sold goods to Rathinam, Chennai on credit
	60 meters Silk @ Rs. 490 per meter
	50 meters Velvet @ Rs. 210 per meter
April 18	Nathan & Sons purchased from us on credit
	100 meters Silk @ Rs. 510 per meter
April 20	Purchased goods from Hari Ram & Sons, Madurai on credit
	50 rolls kada cloth @ Rs. 730 per roll
	80 rolls cotton cloth @ Rs. 650 per roll
April 24	Purchased from Mohan, Karur for cash
	Shirting cloth @ Rs. 7,000
	Sarees @ Rs. 25,000

5)

Enter the following transactions in the purchases returns book of Hari who is dealing in automobiles and post them into the ledger.

2017
Jan 5	Returned to Anand 5 clutch plates @ Rs. 200 each, not in accordance with order.
Jan 14	Returned to Chandran 4 brake shoes @ Rs. 200 each and 10rear view mirrors @ Rs. 350 each, due to inferior quality.

11th Accountancy - Full Portion Three Marks Question Paper - by 8682895000 - Jan 21, 2020 - View & Read

1)
Discuss briefly the branches of accounting.
2)
Explain the objectives of Accounting?
3)
What do you mean by IFRS?
4)
State the principles of double entry system of book keeping.
5)
What is double entry system? State its advantages.

11th Accountancy - Full Portion Two Marks Question Paper - by 8682895000 - Jan 21, 2020 - View & Read

1)
Define accounting.
2)
What is drawings?
3)
Due to a labour strike, in a factory the production had to stop for a week. The accountant estimated the loss of production and likely loss of profit and recorded it in the books of accounts. Is the Accountant correct?
4)
What is cost concept
5)
What is meant by journalising?

11th Accountancy - Revision Model Question Paper 2 - by Question Bank Software - Jan 17, 2020 - View & Read

1)
The root of financial accounting system is ______.
2)
Double- entry book-keeping first emerged in Italy in the ___________ century.
3)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
4)
The incorrect accounting equation
5)
Which of the following statements is correct?

11th Accountancy - Public Exam Model Question Paper 2019 - 2020 - by Question Bank Software - Jan 17, 2020 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
_____________must be properly maintained to increase their productivity.
3)
GAAPs are:
4)
The incorrect accounting equation
5)
RTGS stands for _________

11th Accountancy - Depreciation Accounting Model Question Paper - by Question Bank Software - Dec 12, 2019 - View & Read

1)
The time period for which an asset can be used efficiently is known as ____________ of an asset.
2)
___________ method, is also known as original cost method or fixed instalments method.
3)
_________________ method, the amount spent on the purchase of an asset is regarded as an investment.
4)
_________________ means exhaustion of natural resources.
5)
The wear and tear of most of the fixed assets leads to ____________ of that asset.

11th Accountancy - Subsidiary Books - II Model Question Paper - by Question Bank Software - Dec 12, 2019 - View & Read

1)
In addition to cash dealings, every business may use cheques as a means of ___________
2)
For the purpose of accounting, cheques received are treated as ______________
3)
If a cheque sent for collection is dishonoured, the debit is given to __________
4)
Which of the following is the kind of a Cash book?
5)
Postage stamps purchased for 50 by the business. This transaction will be recorded in ___________

11th Accountancy - Bank Reconciliation Statement Model Question Paper - by Question Bank Software - Dec 12, 2019 - View & Read

1)
Which of the following is not the salient feature of bank reconciliation statement?
2)
_______________is simply a copy of the customer's account in the books of a bank.
3)
___________is not possible to have unfavourable cash balance in the cash book.
4)
_______________can be prepared either from the balance as per cash book or bank statement.
5)
Preparation of bank reconciliation statement prevents_______________

11th Accountancy - Rectification of Errors Model Question Paper - by Question Bank Software - Dec 12, 2019 - View & Read

1)
Errors which affect one side of an account are called ___________
2)
Amount spent on servicing office Typewriter should be debited to:
3)
Goods taken by the Proprietor for domestic use should be credited to ______________
4)
Good worth Rs. 50 given as charity should be credited to ________.
5)
The errors can be classified into ________ types.

11th Accountancy - Subsidiary Books - I Model Question Paper - by Question Bank Software - Dec 12, 2019 - View & Read

1)
Sales return book is used to record_________
2)
Closing entries are recorded in _____
3)
______ is the statement prepared by the seller of goods.
4)
Goods returned by the customers may also be known as _____
5)
When a bill is drawn payable after a specified period the date on which the payment should be made is called _____

11th Accountancy - Books of Prime Entry Model Question Paper - by Question Bank Software - Nov 27, 2019 - View & Read

1)
'Cash withdrawn by the proprietor from the business for his personal use' causes
2)
Real account deals with
3)
In double entry system of book keeping, every business transaction affects
4)
____________ are recorded as and when they take place with the written and authentic proof.
5)
_______ is prepared in duplicate and the original is sent to the seller.

11th Accountancy - Ledger Model Question Paper - by Question Bank Software - Nov 27, 2019 - View & Read

1)
Main objective of preparing ledger account is to
2)
The process of finding the net amount from the totals of debit and credit columns in a ledger is known as
3)
If the total of the debit side of an account exceeds the total of its credit side, it means
4)
Nominal Account having credit balance represents ___________________
5)
Nominal account having Debit balance represents _________________

11th Accountancy - Trial Balance Model Question Paper - by Question Bank Software - Nov 27, 2019 - View & Read

1)
After the preparation of ledger, the next step is the preparation of
2)
Which of the following method(s) can be used for preparing trial balance?
3)
The account which has a debit balance and is shown in the debit column of the trial balance is_______
4)
The trial balance helps in discovering errors which may have been committed in the __________.
5)
_____________ is prepared on a specific data.

11th Accountancy - Introduction to Accounting Important Questions - by Question Bank Software - Nov 21, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
Who is considered to be the internal user of the financial information?
3)
____________of a business have to be repaid in due time.
4)
____________also require accounting records to submit in courts to prove their claims.
5)
______________ wrote his 'Summa de arithmetical'.

11th Accountancy - Conceptual Framework of Accounting Important Questions - by Question Bank Software - Nov 21, 2019 - View & Read

1)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
2)
The profounder of double entry system of book-keeping is ___________
3)
In India, Accounting Standards are issued by
4)
__________________ is basically generating financial information.
5)
_____________ is the process of managing the income and expenses of a business firm.

11th Accountancy - Half Yearly Model Question Paper 2019 - by Question Bank Software - Nov 12, 2019 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
_______________involves recording of transactions and events which are financial in nature.
3)
GAAPs are:
4)
The dual aspect concept is the basis for ______________
5)
Bad debts entry is passed in__________.

11th Standard Accountancy - Term II Model Question Paper - by Sarathy - Theni - Oct 30, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
Who is considered to be the internal user of the financial information?
3)
The profounder of double entry system of book-keeping is ___________
4)
Accounting equation is formed based on the accounting principle of
5)
J. F. means ___________

11th Standard Accountancy - Bank Reconciliation Statement Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
Give any three reasons for preparing bank reconciliation statement.
2)
What is meant by the term "cheque not yet presented?"
3)
Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?
4)
What will be the effect of interest charged by the bank, if the balance is an overdraft?
5)
State the timing differences in BRS with examples.

11th Standard Accountancy - Subsidiary Books - II Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
What are the importance of cash book?
2)
Explain the types of petty cash books?

3)

From the following particulars, prepare Single column Cash book of Ms. Kokila

		Particulars	Rs.
2017	Mar 1	Cash in hand	20,000
	4	Cash Purchases	4,000
	7	Cash Sales	8,000
	8	Paid to Balan	5,000
	9	Received cash from Cheran	10,000
	13	Paid into Bank	10,000
	14	Cash withdrawn from bank	4,000
	18	Paid Salaries	1,000
	20	Bought Furniture	3,000
	28	Rent paid	1,000

4)

Enter the following transactions in a Single column Cash book of Mr. Kumaran.

		Particulars	Rs.
2018	Jan 1	Started business with cash	1,000
	3	Purchased goods for cash	500
	4	Sold goods	1,700
	5	Cash received from Siva	200
	12	Paid Balan	150
	14	Bought Furniture	200
	15	Purchased goods from Kala on credit	2,000
	20	Paid electric charges	225
	24	Paid salaries	250
	28	Received commission	75

5)

Prepare a double column cash book from the following transactions of Mr. Gopalan.

	Particulars	Rs.
2017 July 1	Cash in hand	4,000
6	Cash purchases	2,000
10	Wages paid	40
11	Cash Sales	6,000
12	Cash received from Suresh and allowed him discount	1,980
19	Cash paid to Meena and discount received	20
27	Cash paid to Radha	2,470
28	Purchased goods for cash	2,070

11th Standard Accountancy - Rectification of Errors Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
The following errors were detected before preparation of the trial balance. Rectify them.
(a) A sum of Rs. 5,000 written off as depreciation on buildings has not been posted to depreciation account.
(b) Payment of wages Rs. 2,000 to Venkat was posted twice to wages account.
(c) An amount of Rs. 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs. 200.
2)
The following errors were located after the preparation of trial balance. The difference in trial balance has been taken to suspense account. Rectify them.
(a) The total of purchases book was carried forward Rs.70 less.
(b) The total of sales book was carried forward Rs.340 more.
(c) The total of purchases book was carried forward Rs.150 more.
(d) The total of sales book was carried forward Rs.200 less.
(e) The total of purchase returns book was carried forward Rs.350 less
3)
Rectify the following errors.
(i) The Sales book of December was added short by Rs. 500.
(ii) A periodical total of the Purchases book was short by Rs. 5,000.
(iii) The total of Purchases return Book has been undercast by Rs. 1,500.
(iv) The Sales return book is added Rs. 200 short.
4)
Following errors are discovered in the Books of Sita Ram. Make the necessary entries to rectify them.
(i) Purchases journal was Rs. 2,150.
(ii) Rs. 500 received from K. Krishna was debited to his account.
(iii) An amount of Rs. 3,000 withdrawn by the Proprietor of the firm for his personal use was posted to the Traveling expense account.
(iv) An amount of Rs. 175 for a credit sale to R. Gopalan correctly entered in the sale book, has been debited to his account as Rs. 157.
5)
Pass the journal entries rectifying the following errors:
(i) Purchases of office furniture of Rs. 10,000 was recorded in Purchases book.
(ii) Office rent of Rs. 15,000 was debited to the personal account of the landlord.
(iii) Old machine was sold for Rs. 5,000 was credited to Sales account.

11th Standard Accountancy - Depreciation Accounting Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
Write a short note on - Insurance Policy Method
2)
Write a short note on - Revaluation Method :
3)
Write a short note on Machine hour rate method.
4)
What are the Factors determining the amount of depreciation?
5)
M/s. Shankar & Co. purchased a machinery on 01-01-2012 for Rs. 10,00,000. The firm writes off depreciation at 10% on the original cost every year. The books are closed on 31^st March every year. Pass the necessary journal entries.

11th Standard Accountancy - Final Accounts of Sole Proprietors - II Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
Show necessary entries to adjust the following on 31st December, 2017.
(i) Outstanding salaries Rs. 1,200
(ii) Outstanding rent Rs. 300
(iii) Prepaid insurance premium Rs. 450
(iv) Interest on investments accrued Rs. 400
(v) Bad debts written off Rs. 200
2)
Pass adjusting entries for the following on 31st March, 2018.
(i) Charge interest on drawings at Rs. 50
(ii) Write off bad debts by Rs. 500
(iii) Depreciate furniture by Rs. 1,000
3)
Sundry debtors as per trial balance as on 31^st March, 2016 is Rs. 10,000.
Adjustment: Write off bad debts amounting to Rs. 300.
Give adjusting entry and show how these appear in the final accounts as on 31^st March, 2016.
4)
Sundry debtors as per trial balance Rs. 26,000
Bad debts as per trial balance Rs. 1,000
Adjustment: Additional bad debts amounted to Rs. 2,500
Give adjusting entry and show how these appear in the final accounts on 31^st March, 2016
5)
What is the need for preparing final accounts?

11th Standard Accountancy - Computerised Accounting Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
The following are the scores obtained by some students in a competitive examination. Find out the average, the highest and the lowest score using appropriate function in spreadsheet.

A B C D E F G H

1 NAME Anbu Balu Gobu Ramu Somu Raju Anu

2 SCORES 60 80 164 192 104 64 204
2)
Give the Block diagram of computer.
3)
Explain the types of People Interact.
4)
Explain the three types of Procedures.
5)
Explain the codification of accounts.

11th Standard Accountancy - Final Accounts of Sole Proprietors - I Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
What are the need for preparation of trading account?
2)
What are the need for preparing a Balance sheet?
3)
What are the characteristics of balance sheet?
4)
Explain the types. of liabilities.
5)
What are the difference between trial balance and balance sheet.

11th Standard Accountancy - Subsidiary Books - I Three Marks Questions - by Question Bank Software - Oct 09, 2019 - View & Read

1)
Give the format of purchases book.
2)
Mention the subsidiary books in which the following transactions are recorded.
(i) Sale of goods for cash
(ii) Sale of goods on credit
(iii) Purchases of goods on credit
(iv) When the proprietor takes goods for personal use
(v) Goods returned to suppliers for which cash is not received immediately
(vi) Asset purchased as credit.
3)
What are the advantages of subsidiary books?
4)
Write short notes on :
(a) Endorsement of a bill and
(b) Discounting of a bill
5)
Visit some business units in your area. Find out the books maintained by them. Do they maintain special subsidiary books? If not, discuss with them the need and guide them on maintaining the special subsidiary books.

11th Accountancy - Computerised Accounting Model Question Paper - by Sarathy - Theni - Oct 08, 2019 - View & Read

1)
In accounting, computer is commonly used in the following areas:
2)
Which one of the following is not a method of codification of accounts?
3)
Accounting software is an example of _______.
4)
__________ packages are used by medium or large business enterprises.
5)
___________ codes are applied primarily to source documents.such as cheques, invoices, etc.

11th Standard Accountancy - Final Accounts of Sole Proprietors - II Model Question Paper - by Sarathy - Theni - Oct 08, 2019 - View & Read

1)
A prepayment of insurance premium will appear in ______.
2)
Net profit is ______.
3)
If there is no existing provision for doubtful debts, provision created for doubtful debts is ______.
4)
______ earned during the period must be compared with the expenses incurred during the period.
5)
Depreciation is deducted from concerned ______ in the Balance sheet.

11th Accountancy - Trial Balance Three Marks Questions - by Question Bank Software - Oct 04, 2019 - View & Read

1)
What are the objectives of preparing trial balance?
2)
What are the limitations of trial balance?
3)
'A trial balance is only a prima facie evidence of the arithmetical accuracy of records'. Do you agree with this statement? Give reasons.

4)

From the following balances extracted from the books of Mr Kannan at trader on automobiles, prepare trial balance as on 31^st March 2017.

	Rs		Rs
Cash ih hand	5,500	Direct expenses	5,000
Discount received	300	Carriage outwards	3,500
Creditors	15,000	Capital	45,000
Buildings	50,000	Purchases	49,700
Opening stock	6,000	Sales	59,000

5)

From the following balances extracted from the books of Mrs. Umashankar a trader, prepare trial balance as on 31.03.2015.

	Rs		Rs
Capital	44,000	Interested on investment	2,000
Bills receivable	5,000	Customs duty	3,000
Wages	800	Computer	20,000
Drawings	4,000	Sales	72,000
Purchases	75,000	Opening stock	10,200

11th Accountancy - Ledger Three Marks Questions - by Question Bank Software - Oct 04, 2019 - View & Read

1)
Distinguish between journal and ledger.
2)
What is ledger? Explain its utilities.
3)
How is posting made from the journal to the ledger?
4)
Explain the procedure for balancing a ledger account.
5)
The following balances appeared in the books of Vinoth on Jan1, 2018
Assets: Cash Rs.40,000; Stock Rs.50,000; Amount due from Ram Rs.20,000; Machinery Rs.40,000 Liabilities: Amount of due to Vijay Rs.10000 Pass the opening journal entry an deposit them to Vinoth's Capital account.

11th Standard Accountancy Unit 3 Books of Prime Entry Three Marks Questions - by Question Bank Software - Oct 04, 2019 - View & Read

1)
Write a brief note on accounting equation approach of recording transactions.
2)
What is an Account? Classify the accounts with suitable examples.
3)
What are the three different types of personal accounts?
4)
What is the accounting treatment for insurance premium paid on the life of the proprietor?
5)
State the principles of double entry system of book keeping.

11th Accountancy - Conceptual Framework of Accounting Three Marks Questions - by Question Bank Software - Oct 04, 2019 - View & Read

1)
What is matching concept? Why should a business concern follow this concept?
2)
"Only monetary transactions are recorded in accounting". Explain the statement.
3)
"Business units last indefinitely". Mention and explain the concept on which the statement is based.
4)
Write a brief note on Accounting Standards.
5)
What do you mean by IFRS?

11th Accountancy - Introduction to Accounting Three Marks Questions - by Question Bank Software - Oct 04, 2019 - View & Read

1)
Explain the meaning of accounting.
2)
Discuss briefly the branches of accounting.
3)
Discuss in detail the importance of accounting
4)
Why are the following parties interested in accounting information?
(i) Investors
(ii) Government
5)
Discuss the role of an accountant in the modern business world.

11th Standard Accountancy - Final Accounts of Sole Proprietors - I Model Question Paper - by Sarathy - Theni - Oct 01, 2019 - View & Read

1)
Closing stock is an item of ______.
2)
Net profit of the business increases the ______.
3)
Balance sheet shows the ________ of the business.
4)
Current assets does not include _______.
5)
_____________ refers to directly related cost.

11th Standard Accountancy - Capital And Revenue Transactions Model Question Paper - by Sarathy - Theni - Oct 01, 2019 - View & Read

1)
Amount spent on increasing the seating capacity in a cinema hall is ______.
2)
Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be ______.
3)
Amount received from IDBI as a medium term loan for augmenting working capital ______.
4)
Pre-operative expenses are ______.
5)
___________ items are to be shown in the Balance sheet.

11th Standard Accountancy - Depreciation Accounting Model Question Paper - by Sarathy - Theni - Sep 26, 2019 - View & Read

1)
Under straight line method, the amount of depreciation is ____.
2)
Depreciation is caused by ____.
3)
A depreciable asset may suffer obsolescence due to______.
4)
Residual value of an asset means the amount that it can fetch on sale at the ________of its useful life.
5)
In every business, certain ____________ assets are usedfor the conduct' of business operations.

11th Standard Accountancy - Rectification of Errors Model Question Paper - by Sarathy - Theni - Sep 26, 2019 - View & Read

1)
Error of principle arises when _______.
2)
A transaction not recorded at all is known as an error of _______.
3)
The total of purchases book was overcast. Which of the following accounts should be debited in the rectifying journal entry?
4)
The failure of the accountant to record a transaction in the books of accounts is known as ________________
5)
When errors are located and rectified, _______________ automatically gets closed.

11th Accountancy - Subsidiary Books - II Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
Give the format of 'Single column cash book'
2)
What is double column cash book?
3)
Give the format of 'Double column cash book'.
4)
What is three column cash book?
5)
Give any two Examples for a Contra Enty.

11th Accountancy - Bank Reconciliation Statement Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
What is meant by bank overdraft?
2)
What is bank reconciliation statement?
3)
State any two causes of disagreement between the balance as per bank column of cash book and bank statement.
4)
Which values are involved in the preparation of bank reconciliation statements?
5)
When bank column of a cash book shows a credit balance, what doesn't mean?

11th Accountancy - Rectification of Errors Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
The following errors were detected before preparation of trial balance. Rectify them.
(a) Purchases returns book is undercast by Rs. 500.
(b) Purchases returns book is overcast by Rs. 600.
(c) Sales returns book is undercast by Rs. 700.
(d) Sales returns book is overcast by Rs. 800.
2)
The following errors were detected before preparation of trial balance. Rectify them.
(a) The total of purchases book is carried forward to the next page Rs. 100 short.
(b) The total of purchases returns book is carried forward to the next page Rs. 200 excess.
(c) The total of sales book is carried forward to the next page Rs. 300 excess.
(d) The total of sales returns book is carried forward to the next page Rs. 400 short.
3)
What is meant by error of principle?
4)
What is meant by error of partial omission?
5)
State the account/s affected in each of the following errors:
(a) Goods sold to Vasu on credit for Rs.1,000 was not recorded in the sales book.
(b) The total of sales book Rs.2,500 was posted twice.

11th Accountancy - Depreciation Accounting Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
List out the various methods of depreciation.
2)
What is annuity method?
3)
A firm purchased a plant for Rs. 40,000. Erection charges amounted to Rs. 2,000. Effective life of the plant is 5 years. Calculate the amount of depreciation per year under straight line method
4)
Furniture was purchased for Rs. 60,000 on 1-7-2016. It is expected to last for 5 years. Estimated scrap at the end of five years is Rs. 4,000. Find out the rate of depreciation under straight line method.
5)
A firm acquired a machine on 1st April 2015 at a cost of Rs. 50,000. Its life is 6 years. The firm writes off depreciation @ 30% p.a. on the diminishing balance method. The firm closes its books on 31st December every year. Show the machinery account and depreciation account for three years starting from 1st April 2015.

11th Accountancy - Capital And Revenue Transactions Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
State with reasons whether the following are capital or revenue or deferred revenue expenditure:
i) Advertisement expenses amounted to Rs.10 crores to introduce a new product.
ii) Expenses on freight for purchasing new machinery.
iii) Freight and insurance on the new machinery and cartage paid to bring the new machinery to the factory.
2)
State whether the following are capital or revenue items.
i. Rs.5,000 spent towards additions to buildings.
ii. Second-hand motor car purchased for Rs.30,000 and paid Rs.2,000 as repairs immediately.
iii. Rs.10,000 was spent on painting the new factory.
iv. Freight and cartage on the new machine Rs.150, erection charges Rs.200.
v. Rs.150 spent on repairs before using a second hand car purchased recently.
3)
Classify the following expenditures and receipts as capital or revenue:
i) Rs.10,000 spent as travelling expenses of the directors on trips abroad for the purchase of fixed assets.
ii) Amount received from trade receivables during the year.
iii) Amount spent on demolition of building to construct a large building on the same site.
iv) Insurance claim received on account of a machinery damaged by fire.
4)
Any two examples of deferred revenue expenditure.
5)
What is revenue receipts? Give any two examples.

11th Accountancy - Final Accounts of Sole Proprietors I Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
Write a note on trading account.
2)
What are wasting assets?
3)
What are fixed assets?

4)

From the following balances taken from the books of Saravanan, calculate gross profit for the year ended December 31, 2017.

Particulars	Rs	Particulars	Rs
Opening stock	1,50,000	Net sales during the year	4,00,000
Direct expenses	8,000	Net purchases during the year	1,50,000
Closing Stock	25,000

5)

From the following balances taken from the books of Victor, prepare trading account for the year ended December 31, 2017:

Particulars	Rs	Particulars	Rs
Adjusted purchases	80,000	Closing stock	7,000
Sales	90,000	Carriage inwards	3,000
Royalty on purchases of goods	4,000	Import duty on purchases of goods	6,000
Octroi on purchase of goods	2,000	Dock charges on purchases	5,000
Cost of goods manufactured	5,000

11th Accountancy - Computerised Accounting Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
What is a computer?
2)
What is meant by software?
3)
What is accounting software?
4)
Name any two accounting packages.
5)
Give any two examples of readymade software.

11th Accountancy - Final Accounts of Sole Proprietors II Two Marks Questions - by Question Bank Software - Sep 26, 2019 - View & Read

1)
What is outstanding expense?
2)
What is prepaid expense?
3)
What are accrued incomes?
4)
What is depreciation?
5)
What is Bad debts?

11th Standard Accountancy - Subsidiary Books I Two Marks Questions - by Question Bank Software - Sep 21, 2019 - View & Read

1)
What is credit note?
2)
What is journal proper ?
3)
Define bill of exchange.
4)
What is an opening entry ?
5)
What is an invoice?

11th Standard Accountancy - Trial Balance Two Marks Questions - by Question Bank Software - Sep 21, 2019 - View & Read

1)
What is trial balance?
2)
Give the format of trial balance.
3)
What are the methods of preparation of trial balance?
4)
State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
(i) Carriage outwards
(ii) Carriage inwards
(iii) Sales
(iv) Purchases
(v) Bad debts
(vi) Interest paid
(vii) Interest received
(viii) Discount received
(ix) Capital
(x) Drawings
(xi) Sales returns
(xii) Purchase returns
5)
What will be the effect on trial balance if purchases return of Rs. 10,000 has been wrongly posted to the debit of sales return account but correctly entered in the customer's account?

11th Accountancy - Term 1 Model Question Paper - by Sarathy - Theni - Sep 21, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
The profounder of double entry system of book-keeping is ___________
3)
A firm has assets of Rs.1,00,000 and the external liabilities of Rs.60,000. Its capital would be
4)
J. F. means ___________
5)
Trial balance is a_____

11th Accountancy Chapter 4 Ledger Two Marks Question - by Question Bank Software - Sep 19, 2019 - View & Read

1)
What is meant by posting?
2)
What is debit balance?
3)
What is credit balance?
4)
What is balancing of an account?
5)
Give the specimen of ledger account.

11th Accountancy - Books of Prime Entry Two Marks Question - by Question Bank Software - Sep 19, 2019 - View & Read

1)
What are source documents?
2)
What is accounting equation?
3)
How are personal accounts classified?
4)
State the accounting rule for nominal account
5)
Give the Meaning of Debit note.

11th Accountancy - Conceptual Framework of Accounting Two Marks Question - by Question Bank Software - Sep 19, 2019 - View & Read

1)
Define Book Keeping.
2)
What is meant by accounting concepts?
3)
What is "Full Disclosure Principle" of accounting?
4)
Write a brief note on 'Consistency' assumption.
5)
An accountant advised his client, who is a doctor to maintain his accounts on cash basis. Is the advice of accountant correct?

11th Accountancy - Introduction to Accounting Two Marks Question - by Question Bank Software - Sep 19, 2019 - View & Read

1)
Define accounting.
2)
What are the steps involved in the process of accounting?
3)
Name any two bases of recording accounting information.
4)
What is cost accounting?
5)
Who is a proprietor?

11th Accountancy - Term 1 Five Mark Model Question Paper - by Question Bank Software - Sep 16, 2019 - View & Read

1)
Prepare accounting equation for the following transactions.
(a) Murugan commenced business with cash Rs.80,000
(b) Purchased goods for cash Rs.30,000
(c) Paid salaries by cash Rs.5,000
(d) Bought goods from Kumar for Rs.5,000 and deposited the money in CDM.
(e) Introduced additional capital of Rs.10,000

2)

Journalise the following transactions in the books of Sundar who is a book seller

2017 Dec		Rs
1	Commenced business with cash	2,00,000
2	Bought goods from X and Co. on credit	80,000
4	Opened a bank account with	50,000
5	Sold goods to Naresh who paid the amount through net banking	5,000
6	Sold goods to Devi who paid through credit card	7,000
7	Sold goods to Ashish on credit	700
8	Money withdrawn from bank through ATM for office use	1,000
9	Purchased a furniture and paid through debit card	2,000
10	Salaries paid by cash	6,000
11	Furniture purchased from Y for Rs25,000 and advance given	5,000

3)
Journalise the following transactions and post them to Ledger.

2016 Jan Rs.

1 Started business with cash 10,000

5 Paid into bank 5,000

7 Purchased goods from Ram for cash 1,000

4)

Journalise the following transactions and prepare ledger accounts.

2015 Feb.		Rs.
1	Sold goods for cash	5,000
2	Purchased goods from Kumar on credit	4,000
5	Sold goods to Prabu on credit	8,000
12	Received cash from Prabu	1,200
20	Paid to Kumar	2,000
25	Paid salary	3,000

5)

Prepare a trial balance with the following information:

Name of the Account	Rs	Name of the Account	Rs
Purchases	1,00,000	Sales	1,50,000
Bank Loan	75,000	Creditors	50,000
Debtors	1,50,000	Cash	90,000
Stock	35,000	Capital	1,00,000

11th Accountancy Quarterly Model Question Paper - by Question Bank Software - Sep 13, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
Accounting is not a modern concept and it is as old as _____________
3)
In 1494, _________ an Italian developed double-entry book-keeping system.
4)
Goods returned to suppliers is known as ______
5)
Basic unit for measurement in accounting is _______

TN 11th Standard Accountancy Official Model Question Paper 2019 - 2020 - by Question Bank Software - Sep 10, 2019 - View & Read

11th Accountancy Unit 14 Computerised Accounting Book Back Questions - by Question Bank Software - Sep 07, 2019 - View & Read

1)
In accounting, computer is commonly used in the following areas:
2)
Expand CAS ________
3)
Which one of the following is not a method of codification of accounts?
4)
TALLY is an example of _______.
5)
Accounting software is an example of _______.

11th Accountancy - Final Accounts of Sole Proprietors - II Book Back Questions - by Question Bank Software - Sep 07, 2019 - View & Read

1)
A prepayment of insurance premium will appear in ______.
2)
Net profit is ______.
3)
Closing stock is valued at ______.
4)
Accrued interest on investment will be shown______.
5)
If there is no existing provision for doubtful debts, provision created for doubtful debts is ______.

11th Accountancy Chapter 12 Final Accounts of Sole Proprietors - I Book Back Questions - by Question Bank Software - Sep 07, 2019 - View & Read

1)
Closing stock is an item of ______.
2)
Balance sheet shows the ________ of the business.
3)
Salaries appearing in the trial balance is shown on the _______.
4)
Current assets does not include _______.
5)
Goodwill is classified as _______.

11th Accountancy - Capital And Revenue Transactions Book Back Questions - by Question Bank Software - Sep 07, 2019 - View & Read

1)
Amount spent on increasing the seating capacity in a cinema hall is ______.
2)
Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be ______.
3)
Interest on bank deposits is ______.
4)
Revenue expenditure is intended to benefit ______.
5)
Pre-operative expenses are ______.

11th Accountancy - Depreciation Accounting Book Back Questions - by Question Bank Software - Sep 06, 2019 - View & Read

1)
Under straight line method, the amount of depreciation is ____.
2)
Under the written down value method of depreciation, the amount of depreciation is ____.
3)
For which of the following assets, the depletion method is adopted for writing off cost of the asset?
4)
Which method shall be efficient, if repairs and maintenance cost of an asset increases as it grows older.
5)
Depreciation is to be calculated from the date when _______.

11th Accountancy - Rectification of Errors Book Back Questions - by Question Bank Software - Sep 06, 2019 - View & Read

1)
Error of principle arises when _______.
2)
Errors not affecting the agreement of trial balance are _______.
3)
The difference in trial balance is taken to _______.
4)
Goods returned by Senguttuvan were taken into stock, but no entry was passed in the books. While rectifying this error, which of the following accounts should be debited?
5)
The total of purchases book was overcast. Which of the following accounts should be debited in the rectifying journal entry?

11th Accountancy - Bank Reconciliation Statement Book Back Questions - by Question Bank Software - Sep 06, 2019 - View & Read

1)
A bank reconciliation statement is prepared by ______.
2)
A bank reconciliation statement is prepared with the help of ______.
3)
When money is withdrawn from bank, the bank _______.
4)
Balance as per cash book is Rs. 2,000. Bank charge of Rs. 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?
5)
Balance as per bank statement is Rs. 1,000. Cheque deposited, but not yet credited by the bank is Rs. 2,000. What is the balance as per bank column of the cash book?

11th Standard Accountancy Chapter 7 Subsidiary Books - II Book Back Questions - by Question Bank Software - Sep 04, 2019 - View & Read

1)
Cash book is a_______
2)
Which of the following is recorded as contra entry?
3)
If the debit and credit aspects of a transaction are recorded in the cash book, it is ______.
4)
The balance in the petty cash book is_____.
5)
Small payments are recorded in a book called_____.

11th Standard Accountancy Chapter 6 Subsidiary Books - I Book Back Questions - by Question Bank Software - Sep 04, 2019 - View & Read

1)
Purchases book is used to record______
2)
Purchases of fixed assets on credit basis is recorded in_______
3)
The source document or voucher used for recording entries in sales book is ____
4)
Which of the following statements is not true?
5)
Closing entries are recorded in _____

11th Standard Accountancy Chapter 5 Trial Balance Book Back Questions - by Question Bank Software - Sep 03, 2019 - View & Read

1)
Trial balance is a_____
2)
The trial balance contains the balances of_____
3)
The account which has a debit balance and is shown in the debit column of the trial balance is_______
4)
The difference of totals of both debit and credit side of trial balance is transferred to _________
5)
Trial balance is prepared ____________

11th Standard Accountancy Chapter 3 Books of Prime Entry Book Back Questions - by Question Bank Software - Sep 02, 2019 - View & Read

1)
Accounting equation signifies
2)
Which one of the following is representative personal account?
3)
With drawal of cash from business by the proprietor should be credited to
4)
What are source documents?
5)
What is real account?

11th Standard Accountancy Unit 4 Ledger Book Back Questions - by Question Bank Software - Sep 02, 2019 - View & Read

1)
Main objective of preparing ledger account is to
2)
The process of transferring the debit and credit items from journal to ledger accounts is called
3)
J. F. means ___________
4)
If the total of the debit side of an account exceeds the total of its credit side, it means
5)
The amount brought into the business by the proprietor should be credited to

11th Standard Accountancy Unit 2 Conceptual Framework of Accounting Book Back Questions - by Question Bank Software - Aug 31, 2019 - View & Read

1)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
2)
The profounder of double entry system of book-keeping is ___________
3)
The concept which assumes that a business will last indefinitely is
4)
In India, Accounting Standards are issued by
5)
Which of the following does not follow dual aspect concept?

11th Standard Accountancy - Introduction to Accounting Book Back Questions - by Question Bank Software - Aug 30, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
Which one of the following is not a main objective of Accounting?
3)
Which one of the following is not a branch of accounting?
4)
Financial position of a business is ascertained on the basis of ______.
5)
Who is considered to be the internal user of the financial information?

11th Standard Accountancy - Rectification of Errors One Mark Question and Answer - by Question Bank Software - Aug 29, 2019 - View & Read

1)
Error of principle arises when _______.
2)
Errors not affecting the agreement of trial balance are _______.
3)
When errors are located and rectified, _______________ automatically gets closed.
4)
Errors which affect one side of an account are called ___________
5)
Amount spent on servicing office Typewriter should be debited to:

11th Standard Accountancy - Bank Reconciliation Statement One Mark Question with Answer Key - by Question Bank Software - Aug 29, 2019 - View & Read

1)
A bank reconciliation statement is prepared by ______.
2)
A bank reconciliation statement is prepared with the help of ______.
3)
Debit balance in the bank column of the cash book means _______.
4)
Debit balance in the Cash book means________________

11th Standard Accountancy - Subsidiary Books - II One Mark Question and Answer - by Question Bank Software - Aug 28, 2019 - View & Read

1)
Cash book is a_______
2)
The cash book records____.
3)
When a firm maintains a simple cash book, it need not maintain_______.
4)
All the transactions which decrease bank balance are recorded in the ___________ column on the Credit side.
5)
In addition to cash dealings, every business may use cheques as a means of ___________

11th Standard Chapter 6 Subsidiary Books - I One Mark Question with Answer Key - by Question Bank Software - Aug 27, 2019 - View & Read

1)
Purchases book is used to record______
2)
Sales return book is used to record_________
3)
Purchases of fixed assets on credit basis is recorded in_______
4)
The sub-division of work gives the advantage of specialisation leading to _____
5)
______ is one of the most important books, in which credit purchases of goods are recorded.

11th Standard Accountancy Unit 5 Trial Balance One Mark Question and Answer - by Question Bank Software - Aug 27, 2019 - View & Read

1)
Trial balance is a_____
2)
After the preparation of ledger, the next step is the preparation of
3)
The trial balance contains the balances of_____
4)
The difference of totals of both debit and credit side of trial balance is transferred to _________
5)
Trial balance is prepared ____________

11th Standard Accountancy Chapter 4 Ledger - One Mark Question with Answer Key - by Question Bank Software - Aug 27, 2019 - View & Read

1)
Main objective of preparing ledger account is to
2)
The process of transferring the debit and credit items from journal to ledger accounts is called
3)
The amount brought into the business by the proprietor should be credited to
4)
___________ is known as principal book of accounts because It is very useful for a business enterprise.
5)
The financial statements can be prepared from the ____________ balances.

11th Accountancy Unit 3 Books of Prime Entry - One Mark Question with Answer Key - by Question Bank Software - Aug 26, 2019 - View & Read

1)
Accounting equation signifies
2)
'Cash withdrawn by the proprietor from the business for his personal use' causes
3)
Real account deals with
4)
Which one of the following is representative personal account?
5)
With drawal of cash from business by the proprietor should be credited to

11th Accountancy - Conceptual Framework of Accounting One Mark Question Paper - by Question Bank Software - Aug 24, 2019 - View & Read

1)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
2)
The profounder of double entry system of book-keeping is ___________
3)
The concept which assumes that a business will last indefinitely is
4)
GAAPs are:
5)
The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

11th Accountancy Introduction to Accounting One Mark Question Paper - by Question Bank Software - Aug 23, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
Which one of the following is not a main objective of Accounting?
3)
Who is considered to be the internal user of the financial information?
4)
_____________must be properly maintained to increase their productivity.
5)
____________of a business have to be repaid in due time.

11th Accountancy Subsidiary Books - II Model Question Paper - by Question Bank Software - Aug 20, 2019 - View & Read

1)
In Triple column cash book, the balance of bank overdraft brought forward will appear in_________
2)
The balance in the petty cash book is_____.
3)
____________ is maintained by every business, whether small or large is size
4)
_________ transactions are not recorded in the cash book
5)
The ______________ column Cash book is prepared on the lines of simple cash book

11th Accountancy Chapter 6 Subsidiary Books - I Model Question Paper - by Question Bank Software - Aug 19, 2019 - View & Read

1)
Sales return book is used to record_________
2)
The source document or voucher used for recording entries in sales book is ____
3)
______ is one of the most important books, in which credit purchases of goods are recorded.
4)
_____ in duplicate is prepared in the name of the buyer when goods are returned
5)
_____ is a statement prepared by a trader who receives back from his customer the goods sold.

11th Accountancy Unit 5 Trial Balance Model Question Paper - by Question Bank Software - Aug 12, 2019 - View & Read

1)
While preparing the trial balance, the accountant finds that the total of the credit column is short by Rs.200. This difference will be
2)
A list which contains balances of accounts to know whether the debit and credit balances are matched is _______
3)
Trial balance is prepared ____________
4)
The preparation of ___________ is the third step in the accounting process.
5)
The trial balance helps in discovering errors which may have been committed in the __________.

11th Standard Accountancy First Mid Term Model Question Paper - by Question Bank Software - Aug 01, 2019 - View & Read

1)
Which one of the following is not a branch of accounting?
2)
Which one of the following is/are the objectives of accounting?
3)
A person who receives benefit without giving money or money's worth immediately is _______
4)
___________________does not mean that the asset will always be shown at cost.
5)
IFRS is __________

11th Standard Accountancy Chapter 4 Ledger Model Question Paper - by Question Bank Software - Jul 31, 2019 - View & Read

1)
If the total of the debit side of an account exceeds the total of its credit side, it means
2)
The amount brought into the business by the proprietor should be credited to
3)
___________ is known as principal book of accounts because It is very useful for a business enterprise.
4)
The financial statements can be prepared from the ____________ balances.
5)
The ledger account is prepared in ______________ format.

11th Standard Accountancy Chapter 3 Books of Prime Entry Important Question Paper - by Question Bank Software - Jul 26, 2019 - View & Read

1)
Accounting equation signifies
2)
'Cash withdrawn by the proprietor from the business for his personal use' causes
3)
Which one of the following is representative personal account?
4)
Prepaid rent is a
5)
________ is prepared in three copies.

11th Standard Accountancy Unit 2 Conceptual Framework of Accounting Important Question Paper - by Question Bank Software - Jul 24, 2019 - View & Read

1)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
2)
The profounder of double entry system of book-keeping is ___________
3)
Which of the following does not follow dual aspect concept?
4)
___________ is the process of recording business transactions in the books of accounts in a systematic way.
5)
When money came into existence, ____________ activities involving money also flourished along with it.

11th Accountancy - Unit 1 Model Question Paper - by Question Bank Software - Jul 18, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
Which one of the following is not a main objective of Accounting?
3)
Who is considered to be the internal user of the financial information?
4)
_____________has rightly been termed as the language of the business.
5)
_____________must be properly maintained to increase their productivity.

11th Standard Accountancy Public Exam March 2019 Important Creative 3 Mark Questions and Answers - by Anuya - Mar 16, 2019 - View & Read

1)
Explain the term transactions
2)
Briefly explain the following terms
a) Account
b) Voucher
c) Invoice
3)
Write short notes on
a) Capital
b) Assets
c) Liabilities
4)
What are the informational needs of internal users?
5)
Explain the objectives of Accounting?

11th Standard Accountancy Public Exam March 2019 Important Creative One Mark Test - by Anuya - Mar 16, 2019 - View & Read

1)
_____________must be properly maintained to increase their productivity.
2)
____________also require accounting records to submit in courts to prove their claims.
3)
______________ wrote his 'Summa de arithmetical'.
4)
________________use the accounting data in their bargaining strategies with the management.
5)
The activities of a business, which involve transfer of money or money's worth are called _______________

11th Standard Accountancy Public Exam March 2019 Important Creative Questions and Answers - by Anuya - Mar 13, 2019 - View & Read

1)
Define accounting.
2)
Who are the parties interested in accounting information?
3)
What is cost accounting?
4)
What is bad debt?
5)
What is a Voucher?

11th Standard Accountancy Public Exam March 2019 Important 5 Marks Questions - by Anuya - Mar 13, 2019 - View & Read

1)
Narrate the evolution of accounting
2)
What are the bases of accounting? and briefly explain it.
3)
Prepare accounting equation for the following transactions.
(a) Murugan commenced business with cash Rs.80,000
(b) Purchased goods for cash Rs.30,000
(c) Paid salaries by cash Rs.5,000
(d) Bought goods from Kumar for Rs.5,000 and deposited the money in CDM.
(e) Introduced additional capital of Rs.10,000
4)
Create an accounting equation on the basis of the following transactions:
(i) Started business with cash Rs 80,000 and goods Rs.75,000
(ii) Sold goods to Shanmugam on credit for Rs.50,000
(iii) Received cash from Shanmugam in full settlement Rs. 49,000
(iv) Salary outstanding Rs.3,000
(v) Goods costing Rs.1,000 given as charity
(vi) Insurance premium paid Rs.3000
(vii) Out of insurance premium paid, prepaid is Rs.500

5)

Karthick opened a provisions store on pt April, 2017. Journalise the following transactions in his books:

2017 April		Rs
1	Paid into bank for opening a current account	2,00,000
3	Goods purchased by cheque	40,000
5	Investments made in securities	40,000
6	Goods sold to Radha for Rs.20,000 and cheque received and deposited into bank
7	Amount withdrawn from bank for office use	15,000
10	Purchased goods from Kamala and cash deposited in CDM	10,000
12	Sold goods to Vanitha who paid through debit card	10,000
15	Interest on securities directly received by the bank	1,000
20	Insurance paid by the bank as per standing instructions	2,000
25	Sales made to Kunal who made payment through CDM	6,000

11th Standard Accountancy Public Exam March 2019 Important One Marks Questions - by Anuya - Mar 13, 2019 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
Who is considered to be the internal user of the financial information?
3)
Who developed the double - entry book - keeping system?
4)
Accounting information helps government in the field of ________
5)
Hybrid basis of accounting is _______

11th Standard Accountancy Public Exam March 2019 Important One Mark Questions - by Anuya - Mar 13, 2019 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
Who is considered to be the internal user of the financial information?
3)
____________of a business have to be repaid in due time.
4)
_____________ provides the relevant data to make appropriate decisions.
5)
The industrial revolution took place in _______

Plus One Accountancy Public Exam Official Model Question Paper 2019 - by Anuya - Mar 04, 2019 - View & Read

1)
The root of financial accounting system is ______.
2)
Accounting information helps government in the field of ________
3)
GAAPs are:
4)
Which one of the following is representative personal account?
5)
Which one of the following is representative personal account?

11th Standard Accountancy Public Exam March 2019 Model Test Question Paper - by Anuya - Mar 04, 2019 - View & Read

1)
Financial position of a business is ascertained on the basis of ______.
2)
The activity of a business, which does not involved by cash but it will be paid or received later is _______
3)
In India, Accounting Standards are issued by
4)
'Cash withdrawn by the proprietor from the business for his personal use' causes
5)
When settlement is not made by each or through bank immediately in a transaction, it is called _______________.

11th Standard Accountancy Introduction to Accounting Important Questions - by Anuya - Mar 04, 2019 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
Who is considered to be the internal user of the financial information?
3)
_____________must be properly maintained to increase their productivity.
4)
Double- entry book-keeping first emerged in Italy in the ___________ century.
5)
The document prepared by the seller when he sells goods to the buyer is _____________.

1th Standard Accountancy Third Revision Test Question Paper 2019 - by Anuya - Feb 26, 2019 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
The term TDS in taxation refers to _______
3)
In India, Accounting Standards are issued by
4)
In double entry system of book keeping, every business transaction affects
5)
Capital account is classified under________.

11th Standard Accountancy Model Public Exam Questions and Answers 2019 - by Anuya - Feb 18, 2019 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
Withdrawn from the business by the owner for the personal use is called _______.
3)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
4)
The incorrect accounting equation
5)
Rent outstanding is _________

11th Standard Accountancy Second Revision Test 2019 Important Questions and Answers 2018-19 - by Anuya - Feb 18, 2019 - View & Read

1)
Which one of the following is not a branch of accounting?
2)
When goods meant for resale are sold it is called as ______
3)
The profounder of double entry system of book-keeping is ___________
4)
The incorrect accounting equation
5)
Madhan spent Rs.2,000 as repair on purchases of machine from scrap dealer. The transaction will ____

11th Accountancy Books of Prime Entry Important Questions - by Anuya - Feb 15, 2019 - View & Read

1)
'Cash withdrawn by the proprietor from the business for his personal use' causes
2)
Which one of the following is representative personal account?
3)
In double entry system of book keeping, every business transaction affects
4)
________ is prepared in three copies.
5)
_________ is a negotiable instrument.

11th Standard Accountancy Model Question Paper - by Anuya - Dec 28, 2018 - View & Read

1)
Financial position of a business is ascertained on the basis of ______.
2)
Buying of goods with an intention of resale is ________
3)
The concept which assumes that a business will last indefinitely is
4)
'Cash withdrawn by the proprietor from the business for his personal use' causes
5)
Nominal account is classified under__________.

11th Accountancy Half Yearly Model Questions and Answers - by Anuya - Dec 28, 2018 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
Two or more business units forming a single entity is known as __________.
3)
Which of the following does not follow dual aspect concept?
4)
'Cash withdrawn by the proprietor from the business for his personal use' causes
5)
An entry is passed in the beginning of current year is called _________

Final Accounts of Sole Proprietors - II Important Questions from 12th - by Anuya - Dec 14, 2018 - View & Read

1)
A prepayment of insurance premium will appear in ______.
2)
If there is no existing provision for doubtful debts, provision created for doubtful debts is ______.
3)
Outstanding expense account is a representative ______ account.
4)
______ is treated asbusiness expense.
5)
Provision for discount on debtor is made on the basis of past experience at an estimated rate on _____

Computerised Accounting Important Questions - 11th Accountancy - by Anuya - Dec 06, 2018 - View & Read

1)
Customised accounting software is suitable for _______.
2)
TALLY is an example of _______.
3)
___________ codes are applied primarily to source documents.such as cheques, invoices, etc.
4)
A computer system accepts input in the form of raw data, processes it and gives desired results called ______________
5)
Computerised accounting system refers to the system of maintaining accounts using ___________

11th Accountancy One Marks Test - by Anuya - Dec 04, 2018 - View & Read

1)
Which one of the following is not a branch of accounting?
2)
____________of a business have to be repaid in due time.
3)
The famous book "Arthasastra" was written by ___________
4)
The concept which assumes that a business will last indefinitely is
5)
When money came into existence, ____________ activities involving money also flourished along with it.

11th Accountancy One Marks Test - by Anuya - Dec 04, 2018 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
______________ wrote his 'Summa de arithmetical'.
3)
The activities of a business, which involve transfer of money or money's worth are called _______________
4)
In 1494, _________ an Italian developed double-entry book-keeping system.
5)
Incapability of a person or an enterprise to pay the debts is known as ______

12th Standard Accountancy Final Accounts of Sole Proprietors - II Important Question Paper - by Anuya - Nov 30, 2018 - View & Read

1)
A prepayment of insurance premium will appear in ______.
2)
If there is no existing provision for doubtful debts, provision created for doubtful debts is ______.
3)
_____ principle requires that generally the revenue should be recognised in the period in which sale is deemed to have occurred.
4)
______ is treated asbusiness expense.
5)
_______ is a loss for the business and should be adjusted against profit.

11th Accountancy Half Yearly Model Question Paper 1 - by Anuya - Nov 29, 2018 - View & Read

1)
Who is considered to be the internal user of the financial information?
2)
Double- entry book-keeping first emerged in Italy in the ___________ century.
3)
The concept which assumes that a business will last indefinitely is
4)
__________ is useful to find out tax liability in case of sales tax, income tax, property tax, etc
5)
Accounting equation is formed based on the accounting principle of

11th Accountancy Important Question Paper 4 - by Anuya - Sep 22, 2018 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
_______________is provided with a complete picture of the liquidity, profitability and solvency aspects of the business.
3)
The profounder of double entry system of book-keeping is ___________
4)
__________________ is basically generating financial information.
5)
While preparing the trial balance, the accountant finds that the total of the credit column is short by Rs.200. This difference will be

11th Accountancy Model Paper - by Anuya - Sep 22, 2018 - View & Read

1)
Who are the parties interested in accounting information?
2)
What is meant by drawings?
3)
Write a brief note on 'Consistency' assumption.
4)
Name the accounting concept or convention associated with the following.
(i) Assets are recorded at cost, irrespective of the market price.
(ii) Life of a business should be divided into smaller periods.
(iii) Accounting transactions should be free from basis of accountants and others
5)
Mr. Ganesh an accountant of XYZ co. in order to match the trial balance passed a dummy entry without any proof of the transaction and did not even inform the senior about it. Identify the value being violated by the accountant.

11th Accountancy Important Question Paper 3 - by Anuya - Sep 22, 2018 - View & Read

1)
_______________is provided with a complete picture of the liquidity, profitability and solvency aspects of the business.
2)
Accounting gives information on _________
3)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
4)
The word ___________ refers to traditions or customs.
5)
A list which contains balances of accounts to know whether the debit and credit balances are matched is _______

Model Paper 2 Of 11th Accountancy - by Anuya - Sep 22, 2018 - View & Read

1)
Which one of the following is not a branch of accounting?
2)
_______________is concerned with identification, quantification and reporting of investments made in human resources.
3)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
4)
ASB was constituted in India in the year of __________.
5)
While preparing the trial balance, the accountant finds that the total of the credit column is short by Rs.200. This difference will be

Model Paper 1 Of 11th Accountancy - by Anuya - Sep 22, 2018 - View & Read

1)
The root of financial accounting system is ______.
2)
_____________must be properly maintained to increase their productivity.
3)
The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :
4)
___________ requires that all accounting transactions recorded should be based on objective evidence.
5)
Trial balance is prepared ____________

11th Accountancy Model Quarterly Question Paper - by K.V.Matric Higher Secondary School - Sep 03, 2018 - View & Read

1)
The root of financial accounting system is ______.
2)
Accounting is not a modern concept and it is as old as _____________
3)
All the business transactions are recorded in the book of _______________
4)
The famous book "Arthasastra" was written by ___________
5)
The profounder of double entry system of book-keeping is ___________

Important One Mark Question Paper In 11th Accountancy - by Anuya - Aug 06, 2018 - View & Read

1)
_____________has rightly been termed as the language of the business.
2)
Who developed the double - entry book - keeping system?
3)
Accounting gives information on _________
4)
The balance in the trading account is the gross profit or __________.
5)
___________ is the incapability of a person or an enterprises to pay the debts.

Important Questions Of Rectification Of Errors 11th Accountancy - by Anuya - Aug 03, 2018 - View & Read

1)
Error of principle arises when _______.
2)
Errors not affecting the agreement of trial balance are _______.
3)
The difference in trial balance is taken to _______.
4)
A transaction not recorded at all is known as an error of _______.
5)
Wages paid for installation of machinery wrongly debited to wages account is an error of _______.

Important Question Paper Of Reconciliation Statement 11th Accountancy - by Anuya - Aug 02, 2018 - View & Read

1)
A bank reconciliation statement is prepared by ______.
2)
A bank reconciliation statement is prepared with the help of ______.
3)
Debit balance in the bank column of the cash book means _______.
4)
A bank statement is a copy of _______.
5)
A bank reconciliation statement is prepared to know the causes for the difference between:

Subsidiary Books 2 Important Question Paper 11th Accountancy - by Anuya - Aug 02, 2018 - View & Read

1)
Cash book is a_______
2)
The cash book records____.
3)
When a firm maintains a simple cash book, it need not maintain_______.
4)
A cash book with discount, cash and bank column is called_______
5)
In Triple column cash book, the balance of bank overdraft brought forward will appear in_________

11th Accountancy Important Question Paper 1 - by Anuya - Aug 01, 2018 - View & Read

1)
Purchases book is used to record______
2)
A periodic total of the purchases book is posted to the _______
3)
Sales book is used to record_____
4)
The total of the sales book is posted periodically to the credit of ____
5)
The source document or voucher used for recording entries in sales book is ____

Importanta Question Paper Of Trail Balance 11th Accountancy - by Anuya - Aug 01, 2018 - View & Read

1)
Trial balance is a_____
2)
After the preparation of ledger, the next step is the preparation of
3)
A list which contains balances of accounts to know whether the debit and credit balances are matched is _______
4)
Which of the following method(s) can be used for preparing trial balance?
5)
The account which has a debit balance and is shown in the debit column of the trial balance is_______

11th Accountancy Important Question Paper 2 - by Anuya - Aug 01, 2018 - View & Read

1)
The business is liable to the proprietor of the business in respect of capital introduced by the person according to
2)
The profounder of double entry system of book-keeping is ___________
3)
The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :
4)
In India, Accounting Standards are issued by
5)
Which of the following does not follow dual aspect concept?

Ledger Important Question Paper 11th Accountancy - by Anuya - Jul 28, 2018 - View & Read

1)
The process of transferring the debit and credit items from journal to ledger accounts is called
2)
J. F. means ___________
3)
The process of finding the net amount from the totals of debit and credit columns in a ledger is known as
4)
If the total of the debit side of an account exceeds the total of its credit side, it means
5)
The amount brought into the business by the proprietor should be credited to

Books Of Prime Entry Important Question Paper 11th Accountancy - by Anuya - Jul 28, 2018 - View & Read

1)
The incorrect accounting equation
2)
Accounting equation is formed based on the accounting principle of
3)
Real account deals with
4)
With drawal of cash from business by the proprietor should be credited to
5)
In double entry system of book keeping, every business transaction affects

11th Accountancy Model Question Paper - by Anuya - Jul 26, 2018 - View & Read

1)
Which one of the following is not a main objective of Accounting?
2)
Financial position of a business is ascertained on the basis of ______.
3)
_____________has rightly been termed as the language of the business.
4)
_____________must be properly maintained to increase their productivity.
5)
____________of a business have to be repaid in due time.

11th Accountancy One Mark Model Question Paper - by Anuya - Jul 23, 2018 - View & Read

1)
Financial position of a business is ascertained on the basis of ______.
2)
_____________must be properly maintained to increase their productivity.
3)
____________also require accounting records to submit in courts to prove their claims.
4)
_______________involves recording of transactions and events which are financial in nature.
5)
Which of the following is the first step in the accounting process?

11th Accountancy Prime Entry One Mark - by K.V.Matric Higher Secondary School - Jul 07, 2018 - View & Read

1)
A firm has assets of Rs.1,00,000 and the external liabilities of Rs.60,000. Its capital would be
2)
The incorrect accounting equation
3)
Accounting equation is formed based on the accounting principle of
4)
Real account deals with
5)
Which one of the following is representative personal account?

	A	B	C	D	E	F	G	H
1	NAME	Anbu	Balu	Gobu	Ramu	Somu	Raju	Anu
2	SCORES	60	80	164	192	104	64	204

2016 Jan		Rs.
1	Started business with cash	10,000
5	Paid into bank	5,000
7	Purchased goods from Ram for cash	1,000

12th Standard stateboard question papers & Study material

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உயிரியல் - தாவரவியல்

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