Class 11 Accountancy MCQs
Introduction to Accounting MCQs
Introduction to Accounting — MCQs 1. Recording transactions is part of: A. auditing B. book keeping C. costing D. taxation Answer: B 2. An external user of accounting information…
Theory Base of Accounting MCQs
Theory Base of Accounting — MCQs 1. Recording income when earned uses the basis. A. cash B. accrual C. hybrid D. single entry Answer: B 2. "Anticipate no profit but provide for al…
Recording of Transactions MCQs
Recording of Transactions — MCQs 1. The accounting equation is: A. Assets = Liabilities − Capital B. Assets = Liabilities + Capital C. Capital = Assets + Liabilities D. Liabilitie…
Bank Reconciliation Statement MCQs
Bank Reconciliation Statement — MCQs 1. A BRS reconciles the cash book with the: A. journal B. pass book C. ledger D. trial balance Answer: B 2. A cheque issued but not presented:…
Depreciation, Provisions and Reserves MCQs
Depreciation, Provisions and Reserves — MCQs 1. Depreciation is a: A. cash expense B. non cash expense C. liability D. income Answer: B 2. Charging a fixed percentage on the reduc…
Bills of Exchange MCQs
Bills of Exchange — MCQs 1. The person who draws a bill of exchange is the: A. drawee B. drawer C. payee D. banker Answer: B 2. A promissory note is drawn by the: A. creditor B. d…
Financial Statements MCQs
Financial Statements — MCQs 1. Gross profit is found in the: A. balance sheet B. trading account C. profit and loss account D. journal Answer: B 2. The balance sheet shows the: A.…