MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers

Business Services Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Business Services Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 11 Business Studies Chapter 4 Business Services MCQ With Answers

Business Studies Class 11 Chapter 4 MCQs On Business Services

Business Services Class 11 MCQ Question 1.
CWC stands for_______.
(a) Central Water Commission
(b) Central Warehousing Commission
(c) Central Warehousing Corporation
(d) Central Water Corporation

Answer

Answer: (c) Central Warehousing Corporation

Class 11 Business Studies Chapter 4 MCQ Question 2.
Which of the following is not a function of insurance?
(a) Risk sharing
(b) Assist in capital formation
(c) Lending of funds
(d) None of the above

Answer

Answer: (b) Assist in capital formation

MCQ Questions For Class 11 Business Studies Chapter 4 Question 3.
DTH services are provided by________.
(a) Transport companies
(b) Banks
(c) Cellular companies
(d) None of the above

Answer

Answer: (c) Cellular companies

Chapter 4 Business Studies Class 11 MCQ Question 4.
The validity period of a demand draft is
(a) One month
(b) Two Months
(c) Three months
(d) Six Months

Answer

Answer: (c) Three months

Business Studies Class 11 Chapter 4 MCQ Question 5.
DTH services are provided by
(a) Transport Company
(b) Banks
(c) Cellular Company
(d) None of these

Answer

Answer: (c) Cellular Company

MCQ Of Business Services Class 11 Question 6.
Which of the following is an allied postal service-
(a) Greeting post
(b) Media post
(c) Speed post
(d) Passport Application

Answer

Answer: (c) Speed post

Ch 4 Business Studies Class 11 MCQ Question 7.
The functions of a commerce include
(a) acceptance of deposits
(b) granting of loans
(c) Locker facility
(d) all the above

Answer

Answer: (d) all the above

Ch 4 Bst Class 11 MCQ Question 8.
Time utility is created by
(a) Transportation
(b) Banking
(c) Warehousing
(d) Communication

Answer

Answer: (a) Transportation

Chapter 4 Bst Class 11 MCQ Question 9.
Which of the following is not applicable in life insurance contract?
(a) Conditional contract
(b) Unilateral contract
(c) Indemnity contract
(d) None of the above

Answer

Answer: (c) Indemnity contract

Bst Class 11 Chapter 4 MCQ Question 10.
The benefits of public warehousing includes_______.
(a) Control
(b) Flexibility
(c) Dealer relationship
(d) None of the above

Answer

Answer: (b) Flexibility

Class 11 Bst Ch 4 MCQ Question 11.
It is not a type of general insurance
(a) Marine Insurance
(b) Fidelity Insurance
(c) Fire Insurance
(d) Life Insurance

Answer

Answer: (d) Life Insurance

Business Services MCQ Class 11 Question 12.
What is the full form of WWW
(a) world wide width
(b) world wide work
(c) world wild web
(d) world wide web

Answer

Answer: (d) world wide web

Class 11 Bst Chapter 4 MCQ Question 13.
Which is considered as the cheapest means of transportation
(a) Air
(b) Road
(c) Water
(d) Railway

Answer

Answer: (c) Water

Class 11 Business Chapter 4 MCQ Question 14.
Which of the following is a contract of Indemnity
(a) Marine Insurance
(b)Fire Insurance
(c) Life Insurance
(d) all the above

Answer

Answer: (b) Fire Insurance

MCQ On Business Services Question 15.
Which is the central Bank of India
(a) Central Bank
(b)State Bank of India
(c) Bank of India
(d) Reserve Bank of India

Answer

Answer: (d) Reserve Bank of India

One Mark Questions

1. Give the meaning of‘Service’.

Answer

Answer: Anything which is done by a person to another person for consideration is called service.

2. State any two types of services.

Answer

Answer: (a) Business Services
(b) Social Services

3. What do you mean by e-banking?

Answer

Answer: Electronic banking refers to banking where the transaction or the activities of banking is carried out through internet.

4. Define Bank.

Answer

Answer: A bank is a financial institution licensed to receive deposits and make loans.

5. Expand MICR.

Answer

Answer: Magnetic ink character recognition

6. What is meant by EFT?

Answer

Answer: Electronic Funds Transfer (EFT) is a system of transferring money from one bank account directly to another without any paper money changing hands.

7. State any one marine risk.

Answer

Answer: Sinking in ship

8. Who is an Insured?

Answer

Answer: The person who obtains or is otherwise covered by insurance on his or her health, life, or property.

9. Name the act regulating banking business in India.

Answer

Answer: Banking regulatory Act 1949

10. Name any one type of Bank account.

Answer

Answer: Saving Bank Account

11. Name any one Banking service.

Answer

Answer: Bank Overdraft

12. Who is Insurer?

Answer

Answer: The person who undertakes to indemnify is called the insurer.

13. What is Insurance Policy?

Answer

Answer: The written document which contains the terms and conditions of the contract of insurance is called insurance policy.

14. State one type of Insurance.

Answer

Answer: Life insurance

15. Mention one type of Postal service.

Answer

Answer: Mail Facilities

16. Expand MODA.

Answer

Answer: Multiple Option Deposit Accounts

17. Expand NEFT.

Answer

Answer: National Electronic Funds Transfer

18. Expand MIS.

Answer

Answer: Monthly Income Scheme

19. Expand SCSS.

Answer

Answer: Senior Citizen Savings Scheme

20. Expand ATM.

Answer

Answer: Automated Teller Machine

21. Expand IMO.

Answer

Answer: Instant Money Order

22. Expand EPS.

Answer

Answer: Electronic Payment & Service

23. Expand EMO.

Answer

Answer: Electronic Money Order

24. Expand VAST

Answer

Answer: Very Small Aperture Terminal

We hope the given NCERT MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers Pdf free download will help you. If you have any queries regarding Business Services CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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MCQ Questions for Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises with Answers

Private, Public and Global Enterprises Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Private, Public and Global Enterprises Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises MCQ With Answers

Business Studies Class 11 Chapter 3 MCQs On Private, Public and Global Enterprises

Private Public And Global Enterprises Class 11 MCQ Question 1.
Disinvestments of PSE’s implies
(a) Sale of equity shares to private sector/public
(b) Closing down operations
(c) Investing in new areas
(d) Buying shares of PSE’s

Answer

Answer: (a) Sale of equity shares to private sector/public

MCQ Questions For Class 11 Business Studies Chapter 3 Question 2.
PSE’s are organisations owned by
(a) Joint Hindu family
(b) Government
(c) Foreign Companies
(d) Private entrepreneurs

Answer

Answer: (b) Government

Class 11 Business Studies Chapter 3 MCQ Question 3.
A government company is any company in which the paid up capital held by the government is not less than
(a) 49 percent
(b) 51 percent
(c) 50 percent
(d) 25 percent

Answer

Answer: (b) 51 per cent

Public Private And Global Enterprises Class 11 MCQ Question 4.
Indian economy is a
(a) socialist economy
(b) pure market economy
(c) mixed economy
(d) traditional economy

Answer

Answer: (c) mixed economy
Expalnation:
India is a mixed economy.

Business Studies Class 11 Chapter 3 MCQ Question 5.
Which of the following enterprises may benefit the most by an established brand name at the time of incorporation?
(a) Departmental Undertaking
(b) Government Company
(c) Statutory corporations
(d) Joint Venture

Answer

Answer: (d) Joint Venture
Expalnation:
This is the correct answer. When two parties enter a joint venture one of the parties benefits from the other’s goodwill, which has already been established in the market. With an established brand name there is a ready market waiting for the product to be launched. A lot of investment is saved in the process.

Chapter 3 Business Studies Class 11 MCQ Question 6.
Which of the following types of organisations has the capability of expansion of market territory and operates through a network of subsidiaries, branches and affiliates?
(a) MOFA
(b) MNC
(c) Public Sector enterprises
(d) Private sector enterprises

Answer

Answer: (b) MNC
Explanation:
Multi National Corporations are global enterprises that undertake expansion of market territories extending beyond the physical boundaries of their own country. They operate through a network of subsidiaries, branches and affiliates in their host countries.

Ch 3 Bst Class 11 MCQ Question 7.
Which of the following statements regarding recent Government policy measures towards the public sector is/are true?
a. Restructuring and reviving potentially viable PSU’s.
b. Closing down of those PSU’s that can not be revived.
c. Bringing down government equity in all non strategic PSU’s to 50 percent or lower.
d. Fully protecting the interest of workers.
(a) Only a, b and c
(b) Only a, c and d
(c) Only a, b and d
(d) Only b, c and d

Answer

Answer: (c) Only a, b and d
Explanation:
This is the correct option. These are the true statements regarding recent Government Policy measures towards the public sector.

Ch 3 Business Studies Class 11 MCQ Question 8.
In the 2001 resolution on industrial policy the number of industries exclusively reserved for the public sector was brought down. This meant that the private sector can now enter all areas, except these and the public sector would have to compete with them. Which of the following areas are now exclusive for the public sector?
a. Atomic energy
b. Arms
c. Communication
d. Railways
(a) Only a, b and c
(b) Only a, c and d
(c) Only a, b and d
(d) Only b, c and d

Answer

Answer: (c) Only a, b and d
Expalnation:
This the correct option because atomic energy, arms and railways are exclusive to the public sector only.

Chapter 3 Bst Class 11 MCQ Question 9.
The public sector enterprises are to invest and operate in certain spheres. Which of the following is not one of these core sectors?
(a) Civil aviation
(b) Power generation plants
(c) Pharmaceuticals
(d) Project management consultancies

Answer

Answer: (c) Pharmaceuticals
Explanation:
This is a core sector where the government invested through public sector enterprises.

Private Public And Global Enterprises MCQ Question 10.
The shares of a Government Company are purchased in the name of which of the following?
(a) The Indian Government.
(b) The President of India.
(c) The Chief Minister of the state, where the head office of the company lies.
(d) The Managing Director of the company.

Answer

Answer: (b) The President of India.
Explanation:
This is correct. The shares of a Government Company are purchased in the name of the President of India.

Bst Class 11 Chapter 3 MCQ Question 11.
The funding of which of the following enterprise comes directly from the government treasury, is under an annual appropriation from the budget of the government and the revenue earned by it is also paid into the treasury?
(a) Departmental undertaking
(b) Statutory corporation
(c) Government company
(d) Cooperatives

Answer

Answer: (a) Departmental undertaking
Explanation:
This is the correct answer. The funding for a departmental undertaking comes directly from the government treasury, is under an annual appropriation from the budget of the government and the revenue earned by it is also paid into the treasury.

Class 11 Bst Ch 3 MCQ Question 12.
Which of the following is true about statutory corporations?
(a) Statutory corporations are public enterprises that come into existence by a special act of the parliament.
(b) Statutory corporations are subject to the same accounting and audit procedures as are applicable to government departments.
(c) Statutory enterprises are funded directly by the government treasury.
(d) The employees of statutory enterprises are civil servants.

Answer

Answer: (a) Statutory corporations are public enterprises that come into existence by a special act of the parliament.
Explanation:
This is the correct answer. Statutory corporations come into existence by a special act of the parliament.

MCQ On Private Public And Global Enterprises Question 13.
Reconstruction of sick public sector units is taken up by
(a) MOFA
(b) MoU
(c) BIFR
(d) NRF

Answer

Answer: (c) BIFR

MCQ Of Private Public And Global Enterprises Question 14.
Centralised control in MNC’s implies control exercised by
(a) Branches
(b) Subsidiaries
(c) Headquarters
(d) Parliament

Answer

Answer: (c) Headquarters

MCQ Of Chapter 3 Business Studies Class 11 Question 15.
Which of the following is/are the correct way(s) of forming a joint venture company?
a. Two parties can incorporate a company in India and the business of both parties can be transferred directly to the new company.
b. The above two parties can subscribe to the shares of the joint venture company in agreed proportion, in cash, and start a new business.
c. Promoter shareholder of an existing Indian company and another party may jointly collaborate to jointly carry on the business of that company.
(a) Only a
(b) Only b
(c) Only c
(d) Only a and b
(e) Only b and c

Answer

Answer: (e) Only b and c
Explanation:
This is the correct answer as both these statements are correct.

Class 11 Bst Chapter 3 MCQ Question 16.
All joint ventures in India require government approvals if a foreign partner or a Non Resident Indian is involved. The approval can be obtained from which of the following?
(a) RBI
(b) FIPB
(c) BIFR
(d) All of these
(e) Either RBI or FIPB

Answer

Answer: (e) Either RBI or FIPB
Explantion:
This is the correct answer. Reserve Bank of India gives approval if the joint venture is covered under the automatic route. Foreign Investment Promotion Board has to approve a joint venture specially, if it is not covered under the automatic route and it is a special case.

Bst Chapter 3 Class 11 MCQ Question 17.
Which of the following roles are played by the public sector in the economy?
a. Regional balance
b. Economies of scale
c. Check over concentration of economic power
d. Import substitution
e. Development of infrastructure
(a) Only a, b and d
(b) Only a, c, d and e
(c) Only a, b, c and e
(d) Only b, c, d and e
(e) All of these

Answer

Answer: (e) All of these
Explanation:
This is the correct answer, as all these factors are important roles played by the public sector in the development of the nation.

Class 11 Business Chapter 3 MCQ Question 18.
All public sector units were referred to _______________, to decide whether a sick unit was to be restructured or closed down.
(a) PSU
(b) MOFA
(c) MoU
(d) BIFR

Answer

Answer: (d) BIFR
Explanation:
This is the correct option the Board of Industrial and Financial Reconstruction decides, whether a sick unit is to be restructured or closed down.

Question 19.
Which of the following was the first successful privatisation of a Central Public Sector Undertaking, carried out by the Government?
(a) BBUNL
(b) LJMC
(c) MMTC
(d) MoU

Answer

Answer: (b) LJMC
Explanation:
This was the first successful privatisation of a Central Public Sector Undertaking, carried out by the Government. Lagan Jute Machinery Company was a Calcutta based company that was in decline, In the initial stages of dis investment LJMC was approved for privatisation through sale of 74 % stake to a strategic partner.

Question 20.
Which of the following has the power of the Government and the considerable amount of operating flexibility of private enterprises?
(a) Departmental Undertakings
(b) Statutory Corporations
(c) Government companies
(d) All of the above

Answer

Answer: (b) Statutory Corporations
Explanation:
This is the correct answer. These are public corporations brought into existence by a Special Act of Parliament. It is a corporate body created by legislature and is a corporate person. Thus, these have the power of the Government and the considerable amount of operating flexibility of private enterprises.

Question 21.
According to the Indian Companies Act 1956, a government company means, any company in which not less than _______________ of the paid up capital is held by the central government or partly by central government, and partly by one or more state governments.
(a) 100 percent
(b) 91 percent
(c) 75 percent
(d) 51 percent

Answer

Answer: (d) 51 percent
Explanation:
This is the correct answer. The paid up capital by the government is not less than 51 percent.

Question 22.
The forms of organisation which a public enterprise may take are?
a. Departmental undertaking
b. Cooperative
c. Statutory corporation
d. Government company
(a) Only a, b, and c
(b) Only a, c and d
(c) Only b, c and d
(d) Only a, b and d

Answer

Answer: (b) Only a, c and d
Explanation:
This is the correct answer because departmental undertaking, statutory corporation and government companies are all forms of public enterprise.

ONE MARK QUESTIONS

1. Mention any two types of Public enterprises.

Answer

Answer: (a) Departmental Undertakings
(b) Government Companies

2. Give an example for departmental undertaking.

Answer

Answer: Railway department

3. Give an example for statutory corporations.

Answer

Answer: Karnataka state road transportation corporation (KSR.TC)

4. Mention any one feature of statutory corporations.

Answer

Answer: Government Control

5. Mention any one feature of Government companies.

Answer

Answer: Ownership

6. Mention any one feature of MNC’s.

Answer

Answer: Large Scale operations

7. Give an example for MNCs.

Answer

Answer: Sony

8. Give an example for Joint venture.

Answer

Answer: Maruthi Suzuki

9. State any one feature of Joint venture.

Answer

Answer: Single Business

10. State the minimum amount of capital held by the government in government companies.

Answer

Answer: The minimum amount of capital held by the government is not less than 51% of paid up capital by state or central government.

We hope the given NCERT MCQ Questions for Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises with Answers Pdf free download will help you. If you have any queries regarding Private, Public and Global Enterprises CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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MCQ Questions for Class 11 Accountancy Chapter 14 Structuring Database for Accounting with Answers

Structuring Database for Accounting Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 14 Structuring Database for Accounting with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Structuring Database for Accounting Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 14 Structuring Database for Accounting MCQ With Answers

Accountancy Class 11 Chapter 14 MCQs On Structuring Database for Accounting

MCQ Questions For Class 11 Accountancy Test Question 1.
State three concept of structuring database for accounting.

Answer

Answer: The three concepts of structuring database for accounting are.
1. Documentation of Transaction
2. Computerised Accounting
3. Accounting Database

MCQ Questions For Class 11 Accountancy Chapter Wise Question 2.
Define Data Processing Cycle.

Answer

Answer: Data processing cycle is a process of transforming the data into useful information for making an important decision.

MCQ Questions For Class 11 Commerce Pdf Question 3.
What are the steps required in Data Processing Cycle?

Answer

Answer: The steps required in Data Processing Cycle are.
1. Sources of document
2. Input of data
3. Data Storage
4. Manipulation of Data
5. Output of Data

Accounts MCQ Class 11 Question 4.
What are the elements required for conceptualising data model?

Answer

Answer: The elements required for conceptualising data mode are.
1. Reality
2. ER Design
3. Relational Data Model
4. Normalisation
5. Refinement

MCQ Questions For Class 11 Accountancy Pdf Question 5.
Does all the relation have one default super key, which is the unification of all its attributes? Is it true or false?

Answer

Answer: True

Class 11 MCQ Accountancy Question 6.
Do you agree with the statement that Data transformation is known Information. Is it true or false?

Answer

Answer: True

Class 11 Account MCQ Question 7.
Referential integrity limitation rises because of the links between various entities. Is it true or false?

Answer

Answer: True

MCQ Of Class 11 Accountancy Question 8.
The entire nonexistence of WHERE condition in the SELECT statement indicates that no tuples of a relation shall be chosen. Is it true or false?

Answer

Answer: False

MCQ Questions For Class 11 Accountancy Pdf Chapter Wise Question 9.
The example of a representational data model is the ER model. Is it true or false?

Answer

Answer: False

MCQ Accounts Class 11 Question 10.
Which attribute has more than one attribute with unique values

Answer

Answer: Full functional

Account MCQ Class 11 Question 11.
Which entity does not have key attributes of its own

Answer

Answer: Weak entity

Class 11 Accounts MCQ Question 12
What constraint does the weak entity type always have with respect to its identifying relationship?

Answer

Answer: Multi-valued constraint

We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 14 Structuring Database for Accounting with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Accountancy Structuring Database for Accounting MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Class 11 Accountancy With Answers MCQ:

MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers

Accounts from Incomplete Records Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Accounts from Incomplete Records Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 11 Accounts from Incomplete Records MCQ With Answers

Accountancy Class 11 Chapter 11 MCQs On Accounts from Incomplete Records

Mcq On Accounts From Incomplete Records Question 1.
A system of accounting which is not based on double entry system is called-
(a) Cash system
(b) Mahajani system of accounting
(c) Incomplete accounting system
(d) None of these.

Answer

Answer: (c) Incomplete accounting system

Accounts From Incomplete Records Mcq Question 2.
Accounts which are maintained under single entry system-
(a) Personal accounts
(b) Impersonal accounts
(c) (a) & (b) both
(d) None of these.

Answer

Answer: (a) Personal accounts

Question 3.
Statement of affairs is prepared to-
(a) Know about assets
(b) Know about liabilities
(c) Calculate capital
(d) Know financial position.

Answer

Answer: (c) Calculate capital

Question 4.
Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-
(a) Creditors
(b) Debentures
(c) Profit
(d) Capital.

Answer

Answer: (d) Capital.

Question 5.
Generally incomplete records are maintained by-
(a) Trader
(b) Society
(c) Company
(d) Government.

Answer

Answer: (a) Trader

Fill in the blanks :

1. Single entry system can be adopted by ………………

Answer

Answer: Sole trader or partnership firm

2. …………… Accounts are maintained under single entry system.

Answer

Answer: Personal

3. Single entry system is not a …………….. system of maintaining accounts.

Answer

Answer: Scientific

4. While calculating profit. Drawings will be added to …………….

Answer

Answer: Closing capital

State True or False:

1. Profit can be determined by preparing statement of affairs in single entry system.

Answer

Answer: True

2. Single entry system cannot be converted into double entry system.

Answer

Answer: False

3. Excess of assets over liabilities is called capital.

Answer

Answer: True

4. Closing capital is deducted from opening capital to calculate profit in single entry system.

Answer

Answer: False

Match the following:

Column A Column B
1. statement of affairs (a) Opening statement of affairs
2. Opening capital (b) capital
Answer

Answer:

Column A Column B
1. statement of affairs (b) capital
2. Opening capital (a) Opening statement of affairs

Answer in one word / sentence:

1. Which account is prepared to know the credit purchase?

Answer

Answer: Creditors account

2. What is found out by preparation of opening statement of affairs?

Answer

Answer: Opening capital

3. Which amount will be credited on accepting new bills?

Answer

Answer: Bills payable

4. Which account is debited on dishonouring of a bill?

Answer

Answer: Debtor’s A/c

We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Accountancy Accounts from Incomplete Records MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers

Trial Balance and Rectification of Errors Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Trial Balance and Rectification of Errors Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors MCQ With Answers

Accountancy Class 11 Chapter 6 MCQs On Trial Balance and Rectification of Errors

Trial Balance MCQ Class 11 Question 1.
What kind of accuracy is tested by Trial balance-
(a) Theoritical
(b) Practical
(c) Arithmetical
(d) None of these.

Answer

Answer: (c) Arithmetical

Trial Balance Class 11 MCQ Question 2.
How many methods are there for preparing Trial Balance –
(a) One
(b) Three
(c) Four
(d) None of these.

Answer

Answer: (c) Four

MCQ Questions For Class 11 Accountancy Chapter 6 Question 3.
Which of the following is prepared on the basis of Trial Balance –
(a) Journal
(b) Ledger
(c) Final Accounts
(d) None of these.

Answer

Answer: (c) Final Accounts

MCQ Of Trial Balance Class 11 Question 4.
Of the two sides of Trial balance does not tally, which Account is opened –
(a) Suspense Account
(b) Personal Account
(c) Real Account
(d) None of these.

Answer

Answer: (a) Suspense Account

Class 11 Accounts Chapter 6 MCQ Question 5.
The error which can be disclosed by Trial balance-
(a) Error of ommission
(b) Error of principal
(c) Compensatory error
(d) None of these.

Answer

Answer: (d) None of these.

Rectification Of Errors Class 11 MCQ Question 6.
Errors are rectified in this book-
(a) Ledger book
(b) Journal proper
(c) Trial balance
(d) None of these.

Answer

Answer: (b) Journal proper

Rectification Of Errors MCQ Question 7.
Errors Committed by omitting entries in the Journal book is called –
(a) Error of commission
(b) Error of principle
(c) Error of omission
(d) None of these.

Answer

Answer: (c) Error of omission

MCQ On Rectification Of Errors Class 11 Question 8.
If the trial balance does not tally after many efforts then following Account is opened –
(a) Purchase account
(b) Suspense account
(c) Sales account
(d) None of these.

Answer

Answer: (b) Suspense account

Question 9.
Errors committed due to lack of basis principle of Accounting are called –
(a) Compensating errors
(b) Error of principle
(c) Single sided error
(d) None of these.

Answer

Answer: (b) Error of principle

Fill in the Blanks:

1. Trial balance is merely a …………… not an Account.

Answer

Answer: Statement

2. ……………. are prepared on the basis of Trial balance.

Answer

Answer: Final Accounts

3. Trial balance is a test of …………….. Accuracy.

Answer

Answer: Arithmetical

4. Generally …………… does not form a part of Trial balance.

Answer

Answer: Closing stock

5. …………… stock is not included in Trial balance.

Answer

Answer: Closing stock

6. Errors committed while totaling, balancing of Accounts are called ……………

Answer

Answer: Arithmetical errors

7. ………….. errors are disclosed by Trial balance.

Answer

Answer: Arithmetical

8. If one error nullifies the effect of another error, such errors are called …………….

Answer

Answer: Compensating errors

9. Suspense Account is a ……………. Account.

Answer

Answer: Temporary

State True or False:

1. Closing stock appears outside the trial balance.

Answer

Answer: True

2. A trial balance is not a conclusive proof of accounting accuracy.

Answer

Answer: True

3. Trial balance is a test of only Arithmetical accuary.

Answer

Answer: True

4. Trial balance helps to check the principles of Double Entry System.

Answer

Answer: True

5. Trial balance is a part of ledger.

Answer

Answer: False

6. Suspense Account is a Permanent Account.

Answer

Answer: False

7. Single sided errors are generally rectified directly in the ledger accounts before closing the accounts.

Answer

Answer: True

8. Final accounts are not affected through rectification of errors.

Answer

Answer: False

9. Single sided errors are rectified through Suspense Account.

Answer

Answer: True

Match the following:

1.

Column A Column B
1. Opening stock + purchase + Direct exp. – Closing stock (a) Suspense A/c
2. Difference of Trial balance is completely divisible by 9 (b) Compensatory error
3. Transactions completely ommitted in recording (c) Wrong entry of amount
4. Purchase A/c debited in case of furniture purchased (d) Cost of goods sold
5. One error neutralize other (e) Error of ommission
6. Difference of trial balance transferred to (f) Error of principle.
Answer

Answer:

Column A Column B
1. Opening stock + purchase + Direct exp. – Closing stock (d) Cost of goods sold
2. Difference of Trial balance is completely divisible by 9 (c) Wrong entry of amount
3. Transactions completely ommitted in recording (e) Error of ommission
4. Purchase A/c debited in case of furniture purchased (f) Error of principle.
5. One error neutralize other (b) Compensatory error
6. Difference of trial balance transferred to (a) Suspense A/c

2.

Column A Column B
1. Undercasting of purchase book (a) Temporary account
2. Machine purchased but purchase account debited (b) Double sided error
3. Suspense Account (c) Error of principle
4. Effect on two or more Accounts. (d) Arithmetical error.
Answer

Answer:

Column A Column B
1. Undercasting of purchase book (d) Arithmetical error.
2. Machine purchased but purchase account debited (c) Error of principle
3. Suspense Account (a) Temporary account
4. Effect on two or more Accounts. (b) Double sided error

Answer in one word/sentence:

1. “A Trial balance is a statement of debit and Credit Balances Extracted from the ledger with a view to test the arithmetical accuracy of the books.” Who said this?

Answer

Answer: J.R. Batliboi

2. Mention any account which can show Debit or Credit Balance.

Answer

Answer: Rent

3. Debtor’s Accounts always show which balance?

Answer

Answer: Debit

4. What Balance is shown by Drawing Account?

Answer

Answer: Debit

5. How many methods are there for preparing trial balance?

Answer

Answer: Four methods

6. Is trial balance Ultimately proof of accuracy of accounts?

Answer

Answer: No

7. What is the nature of suspense A/c ?

Answer

Answer: Fluctuating

8. The entries passed in the Journal proper for rectifying entries are called.

Answer

Answer: Rectifying entries

9. The total of purchase book was written Rs. 200 instead of Rs. 2,000. This is an example of.

Answer

Answer: Error of casting

10. When two errors nullify each others effect, then such errors are called.

Answer

Answer: Compensating errors

11. When are rectifying entries passed?

Answer

Answer: Beginning of the year

We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Accountancy Trial Balance and Rectification of Errors MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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MCQ Questions for Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves with Answers

Depreciation, Provisions and Reserves Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Depreciation, Provisions and Reserves Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves MCQ With Answers

Accountancy Class 11 Chapter 7 MCQs On Depreciation, Provisions and Reserves

Depreciation MCQs Class 11 Question 1.
Which of the following methods of depreciation is not recognized by Income Tax Law?
(a) Straight line Method
(b) None of these
(c) Both, Straight Line and Diminishing Balance Methods
(d) Diminishing Balance Method

Answer

Answer: (a) Straight line Method

Depreciation Class 11 MCQ Question 2.
Asset Disposal A/c is prepared when :
(a) Provision for Depreciation A/c is prepared
(b) Asset A/c is prepared
(c) Profit & Loss A/c is prepared
(d) Depreciation A/c is prepared

Answer

Answer: (a) Provision for Depreciation A/c is prepared

MCQ Of Depreciation Class 11 Question 3.
Which of the following is the example of Capital Reserve?
(a) Workmen’s Compensation Fund
(b) None of these
(c) Premium Received on issue of shares or debentures
(d) General Reserve

Answer

Answer: (c) Premium Received on issue of shares or debentures

MCQ On Depreciation Class 11 Question 4.
Which of the following is the example of Revenue Reserve?
(a) Profit on Redemption of Debentures
(b) Profit on Revaluation of Fixed
(c) Investment Fluctuation Fund
(d) Profit on Re-issue of forfeited shares

Answer

Answer: (c) Investment Fluctuation Fund

Class 11 Depreciation MCQ Question 5.
Dividend Equalisation Reserve is :
(a) Specific Reserve
(b) None of these
(c) Secret Reserve
(d) General Reserve

Answer

Answer: (a) Specific Reserve

Depreciation MCQ With Answers Question 6.
General Reserves are shown in :
(a) Revaluation Account
(b) Profit and Loss Account
(c) None of these
(d) Balance Sheet

Answer

Answer: (d) Balance Sheet

Depreciation MCQ Class 11 Question 7.
According to Companies Act, 1956 Secret Reserves can be created by:
(a) Only Private Company
(b) Banking and insurance companies
(c) Only Public Company
(d) Companies Registered under Companies Act

Answer

Answer: (b) Banking and insurance companies

Question 8.
The loss on sale of an asset is debited to:
(a) Profit and Loss Account
(b) Trial Balance Cr. Side
(c) Balance Sheet
(d) Trading Account

Answer

Answer: (a) Profit and Loss Account

Question 9.
Depreciation is Charged on :
(a) Current Assets
(b) Fixed Tangible Assets
(c) None of these
(d) Both Current and Fixed Assets

Answer

Answer: (b) Fixed Tangible Assets

Question 10.
At the end of the year, Depreciation Account is transferred to :
(a) Balance Sheet
(b) Trading Account
(c) Profit & Loss Appropriation Account
(d) Profit & Loss Account

Answer

Answer: (d) Profit & Loss Account

Question 11.
Provision is created by debiting :
(a) Profit and Loss Account
(b) None of these
(c) Profit and Loss Appropriation Account
(d) Trading Account

Answer

Answer: (a) Profit and Loss Account

Question 12.
The cause of Depreciation is :
(a) Wear and tear
(b) Obsolescence
(c) All of these
(d) Usage of Asset

Answer

Answer: (c) All of these

Question 13.
Depreciation is a process of :
(a) Allocation
(b) Valuation
(c) None of these
(d) Depletion

Answer

Answer: (a) Allocation

Question 14.
Under Reducing Balance Method, depreciation to be charged :
(a) Scrap Value
(b) None of these
(c) Real Value
(d) Original value

Answer

Answer: (b) None of these

Question 15.
The depreciation charged on an asset will be credited to :
(a) Depreciation A/c
(b) Asset A/c
(c) Bank A/c
(d) Cash A/c

Answer

Answer: (b) Asset A/c

Question 16.
Every fixed asset loses its value due to use or other reasons. This decline in the value of asset is known as
(a) Amortization
(b) Provisions
(c) Depreciation
(d) Devaluation

Answer

Answer: (c) Depreciation
Explanation:
The fixed assets are long-term assets. They help in the production of goods and services. However, when an asset is in use its value decreases due to the normal wear and tear, efflux of time and obsolescence. This reduction in the value of a fixed asset is known as depreciation.

Question 17.
Following are the causes of Depreciation except
(a) Wear and tear due to use or passage of time.
(b) normal factors
(c) Expiration of legal rights.
(d) Obsolescence.

Answer

Answer: (b) normal factors
Explanation:
The correct option is (b).

Wear and tear due to use or passage of time means deterioration, and the consequent diminution in an assets value, arising from its use in business operations for earning revenue. Wear and tear is the physical deterioration. an asset deteriorates simply with the passage of time, even if they are not being put to any use.

Expiration of legal rights certain categories of assets lose their value after the agreement governing their use in business comes to an end after the expiry of pre-determined period.

Obsolescence is another factor leading to depreciation of fixed assets. Obsolescence means the fact of being “out-of-date”. Obsolescence implies to an existing asset becoming out-of-date on account of the availability of better type of asset.

So, only normal factors are not a cause of depreciation

Question 18.
Following are the causes of Depreciation except
(a) Natural resources
(b) Fixed asset
(c) Liabilities
(d) Intangible assets

Answer

Answer: (a) Natural resources
Explanation:
Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth. Like depreciation and amortization, depletion is a non-cash expense that lowers the cost value of an asset incrementally through scheduled charges to income.

Question 19.
An alternative term used for accumulated depreciation expenses?
(a) Provision for depreciation
(b) Cumulative depreciation
(c) Targeted depreciation
(d) Depletion

Answer

Answer: (a) Provision for depreciation
Explanation:
Provision for depreciation is an alternative term used for accumulated depreciation expenses. Depreciation expense is recognized on the income statement as a non-cash expense that reduces the company’s net income.

Question 20.
Depreciation charged under diminishing method
(a) Increase every year
(b) Decrease every year
(c) Increase in one year and decrease another year
(d) Same every year

Answer

Answer: (b) Decrease every year
Explanation:
Depreciation charged by diminishing value method will decrease every year as the asset will decrease in its value every year due to obslence and wear and tear etc. So correct answer is b

Question 21.
Which of the following is not a type of reserve
(a) Provision for bad debt
(b) General reserve
(c) Workmen compensation fund
(d) Retained earnings

Answer

Answer: (a) Provision for bad debt
Explanation:
Provision for bad debts is a liability for the business and is not any reserve.

Question 22.
What is depreciation?
(a) Cost of using a fixed asset
(b) The value of asset
(c) Portion of a fixed assets cost consumed during the current accounting
(d) Cost of fixed asset’s repair

Answer

Answer: (a) Cost of using a fixed asset
Explanation:
Depreciation is the cost of using a fixed asset .It is the decrease in the value of a fixed asset due to wear and tear in the asset due to their constant use.Example- Decrease in the value of machine as they become old.

Question 23.
Depreciation helps in determining
(a) Accurate level of profit
(b) Increases the value of asset
(c) Revenue generation
(d) Increase the burden of tax

Answer

Answer: (a) Accurate level of profit
Explanation:
The purpose of depreciation is to achieve the matching principle of accounting, that is, a company is attempting to match the historical cost of a productive asset (that has a useful life of more than a year) to the revenues earned from using the asset.

Question 24.
What is the rate of charging depreciation under diminishing method?
(a) 12% p.a.
(b) 15% p.a.
(c) 10% p.a.
(d) Not fixed

Answer

Answer: (d) Not fixed
Explanation:
Under this method, the amount of depreciation is calculated as a fixed percentage of the reducing or diminishing value of the asset standing in the books at the beginning of the year, so as to bring down the book value of the asset to its residual value. The amount of depreciation goes on decreasing every year.

Question 25.
Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset
(a) Straight line method
(b) Reducing balance method
(c) Number of units produced method
(d) Machine hours method

Answer

Answer: (a) Straight line method
Explanation:
Under straight line method of depreciation the amount of depreciation expenses remains same in the entire useful life of fixed asset because, under straight line method the depreciation is charged on the original cost of the asset and not on diminishing value of the asset.

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MCQ Questions for Class 11 Accountancy Chapter 15 Accounting System Using Database Management System with Answers

Accounting System Using Database Management System Class 15 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 15 Accounting System Using Database Management System with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Accounting System Using Database Management System Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 15 Accounting System Using Database Management System MCQ With Answers

Accountancy Class 11 Chapter 15 MCQs On Accounting System Using Database Management System

MCQ Questions For Class 11 Accountancy Chapter 15 Question 1.
Which item purpose is to organize the record data into categories?

Answer

Answer: Sorting Data

Ch 15 Accounts Class 11 MCQ Question 2.
Which item purpose is to organize the record data into categories?

Answer

Answer: Card Sorting

MCQ Questions For Class 11 Commerce Pdf Question 3.
Which content of statements once recorded cannot be changed by the individuals?

Answer

Answer: Snapshot

MCQ On Database Management System Question 4.
State few capabilities of MS Access.

Answer

Answer: The few capabilities of MS Access are.
1. It helps in storing data in an organized way
2. Supports various views of data and information
3. Provides data sharing and different user transaction processing.

MCQ Questions On Database Management System Question 5.
Mention steps that are required to create a new database in Access.

Answer

Answer: The steps that are required to create a new database in Access are.

1. First, open the access window. Choose blank access database, and click OK button.
2. Click the displayed new file database dialogue box, this will enable the user to enter the file name and set a location for the database. Now click Create button.
3. If the task pane does not open, you can choose the file from the menu bar and click open to open a task pane and create a new database.

Accounting For Management MCQ Questions And Answers Question 6.
The need for which report is not anticipated?

Answer

Answer: Casual

MCQ Questions For Class 11 Accountancy Pdf Question 7.
Name the query that does not include the use of any inquiry function to generate a summary of data.

Answer

Answer: Simple query

MCQ On Basic Accounting Terms Class 11 Question 8.
Which query indicates an individual to access criteria for picking a collection of records.

Answer

Answer: Parameter

MCQ Questions For Class 11 Accountancy Chapter Wise Question 9.
Which clause is applied to designate the fields to represent data or information?

Answer

Answer: SELECT

MCQ On Accountancy Class 11 Question 10.
Which item is determined to add a page number, date and time of the report?

Answer

Answer: Design View

We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 15 Accounting System Using Database Management System with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Accountancy Accounting System Using Database Management System MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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MCQ Questions for Class 11 Accountancy Chapter 9 Financial Statements 1 with Answers

Financial Statements 1 Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 9 Financial Statements 1 with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Financial Statements 1 Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 9 Financial Statements 1 MCQ With Answers

Accountancy Class 11 Chapter 9 MCQs On Financial Statements 1

Question 1.
Trading Account discloses-
(a) Gross profit
(b) Net profit
(c) Net loss
(d) Gross profit or Gross loss

Answer

Answer: (d) Gross profit or Gross loss

Question 2.
Direct Expenses are entered in:
(a) Trading Account
(b) profit & Loss Account
(c) Balance sheet
(d) None of these

Answer

Answer: (a) Trading Account

Question 3.
Profit and loss Account discloses:
(a) Gross profit
(b) Gross profit or Gross loss
(c) Gross profit or Gross loss
(d) None of these

Answer

Answer: (b) Gross profit or Gross loss

Question 4.
Goodwill is a-
(a) Fixed Asset
(b) Current Asset
(c) Fictitious Asset
(d) None of these

Answer

Answer: (a) Fixed Asset

Question 5.
Drawing is deducted from:
(a) Sales
(b) Purchase
(c) Returns outward
(d) Capital

Answer

Answer: (b) Purchase

Fill in the blanks:

1. Indirect Expenses are entered in …………….. account.

Answer

Answer: Profit & loss account

2. Gross profit or loss is transferred to …………….. account.

Answer

Answer: Profit & loss account

3. ………….. accounts are prepared at the end of the year.

Answer

Answer: Final

4. Balance sheet is a ………………

Answer

Answer: Statement

5. Increase in capital at the end of the year represents ………………..

Answer

Answer: Profit

State True or False:

1. Capital is a fixed Liability.

Answer

Answer: True

2. Closing stock is not shown in balance sheet.

Answer

Answer: False

3. Balance sheet is prepared on the basis of Trial balance.

Answer

Answer: True

4. Bad debt reserve is a loss.

Answer

Answer: False

5. Interest on drawings is loss of owner.

Answer

Answer: True

Match the following:

Column A Column B
1. Goodwill (a) Profit & loss Account
2. Creditors (b) Fixed Asset
3. Building (c) Intangible Asset
4. Net profit (d) Liabilities
5. Balance sheet (e) Direct expenses
6. Cartage (f) Closing capital.
Answer

Answer:

Column A Column B
1. Goodwill (c) Intangible Asset
2. Creditors (d) Liabilities
3. Building (b) Fixed Asset
4. Net profit (a) Profit & loss Account
5. Balance sheet (f) Closing capital.
6. Cartage (e) Direct expenses

Answer in one word/sentence:

1. When cost of goods sold is deducted from net sales, we get.

Answer

Answer: Gross profit

2. The Expenses written in profit & loss Account are known as.

Answer

Answer: Indirect expenses

3. The statement of Assets & Liabilities is called.

Answer

Answer: Balance sheet

4. Give an example of current Liability.

Answer

Answer: Bank overdraft

5. In which side of balance sheet, the goods in transit are shown.

Answer

Answer: Asset side

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MCQ Questions for Class 11 Accountancy Chapter 12 Applications of Computers in Accounting with Answers

Applications of Computers in Accounting Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 12 Applications of Computers in Accounting with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Applications of Computers in Accounting Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 12 Applications of Computers in Accounting MCQ With Answers

Accountancy Class 11 Chapter 12 MCQs On Applications of Computers in Accounting

Computer Application In Accounting MCQ Pdf Question 1.
What is MIS-
(a) Management information system
(b) Micro information system
(c) Middle internet system
(d) Mass information system

Answer

Answer: (a) Management information system

MCQ Questions For Class 11 Accountancy Chapter 12 Question 2.
What is C.P.U.
(a) Central processing unit
(b) Central unit of production
(c) Central progress unit
(d) Central power unit

Answer

Answer: (a) Central processing unit

Class 11 Accountancy MCQ Pdf Question 3.
Mouse is a-
(a) Input device
(b) Output device
(c) Input and output both
(d) None of these

Answer

Answer: (a) Input device

Computer Application In Commerce MCQ Question 4.
Super computers are-
(a) Large in size and speed and storage are more than else
(b) Small in size and less speed
(c) Same size and same speed
(d) All of above

Answer

Answer: (a) Large in size and speed and storage are more than else

Computers In Accounting Class 11 Questions Question 5.
Software are:
(a) 5 types
(b) 6 types
(c) 4 types
(d) 8 types

Answer

Answer: (a) 5 types

Fill in the blanks:

1. Computer is an …………… device.

Answer

Answer: Electronic

2. Compact disk is a ………….. unit.

Answer

Answer: Input

3. Monitor is ……………. device.

Answer

Answer: Output

4. The meaning of hardware is ……………. form we can touch it.

Answer

Answer: Physical

5. In …………… programming is possible.

Answer

Answer: Software

State True or False:

1. In data base we can benefited of co – operation and unity / uniformity.

Answer

Answer: True

2. Digital computer is not done the calculation of digits.

Answer

Answer: False

3. In analog computer we can find information continuously.

Answer

Answer: True

4. The speed of super computer is less.

Answer

Answer: False

5. Computer help in accounting from Journalise, analysis to conclusion.

Answer

Answer: True

Answer in one word / sentence:

1. What is computer?

Answer

Answer: Electronic Device.

2. What is CPU?

Answer

Answer: Central processing unit.

3. Which computer is used for calculation?

Answer

Answer: Digital computer is used for calculation.

4. What is known as brain of the computer?

Answer

Answer: CPU.

5. Write the name of any two application software?

Answer

Answer: Excel
Tally.

6. Write the name of any two languages used by a computer.

Answer

Answer: BASIC
COBOL.

7. What do you mean by computerised Accounting?

Answer

Answer: When the whole accounting process is done by computers then it is called automation of accounting process or computerised Accounting.

8. What do you mean by MIS reporting?

Answer

Answer: The system which provides essential information related to different fields is known as Management Information system.

9. What do you mean by Binary system?

Answer

Answer: The system which the computer uses is called binary system. In this system the information in computer are recorded in two digits ‘0’ and ‘1’.

10. Write one difference between RAM and ROM.

Answer

Answer: RAM is temporary memory while ROM is permanent memory.

11. How many bits are there in one byte?

Answer

Answer: 8 bit.

12. How many bytes are there in 1 kilobyte?

Answer

Answer: 1024 bytes.

13. What is DBA?

Answer

Answer: Database Administration.

14. What are the language of database?

Answer

Answer: DBML, DDL.

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MCQ Questions for Class 11 Accountancy Chapter 10 Financial Statements 2 with Answers

Financial Statements 2 Class 11 MCQ Online Test With Answers Questions

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Class 11 Accountancy Chapter 10 Financial Statements 2 MCQ With Answers

Accountancy Class 11 Chapter 10 MCQs On Financial Statements 2

Question 1.
Outstanding Expenses are related to-
(a) Current year
(b) Next year
(c) Last year
(d) None of these.

Answer

Answer: (a) Current year

Question 2.
Prepaid expenses are shown in-
(a) Liability side
(b) Asset side
(c) Assets or Liability side
(d) None of these.

Answer

Answer: (b) Asset side

Question 3.
Charity of goods is-
(a) Expenses
(b) Loss
(c) Profit
(d) None of these.

Answer

Answer: (b) Loss

Question 4.
If a person fails to pay his debt, such amount is considered as-
(a) Bad debts
(b) Bad debts recovered
(c) Provision for Bad debt
(d) None of these.

Answer

Answer: (a) Bad debts

Question 5.
The object of non – trading concerns-
(a) Social service
(b) Profit earning
(c) Both of these
(d) None of the above.

Answer

Answer: (a) Social service

Question 6.
Such persons who earn remuneration against their services are called –
(a) Seller
(b) Purchaser
(c) Professional
(d) None of these.

Answer

Answer: (c) Professional

Question 7.
Which of the following is not an item of income of Non – trading concern –
(a) Entrance fees
(b) Interest
(c) Govt. Aid
(d) Salary.

Answer

Answer: (d) Salary.

Question 8.
Receipt and payment account is a summary of-
(a) Income & Expenditure account
(b) Profit & Loss A/c
(c) Cash – book
(d) None of these.

Answer

Answer: (c) Cash – book

Question 9.
Which of the following is recorded in income & expenditure account –
(a) Revenue items
(b) Capital items
(c) Revenue and capital items
(d) None of these.

Answer

Answer: (a) Revenue items

Fill in the blanks:

1. Goods given in charity is credited in …………… Account.

Answer

Answer: Purchase

2. Such Expenses which are paid in current year but are related to next year are called ……………. expenses.

Answer

Answer: Prepaid expenses

3. Accrued income is ……………. Account.

Answer

Answer: Personal account

4. There is ……………. fall in the value of Asset due to depreciation.

Answer

Answer: Constant/ gradual

5. Interest on capital is always shown in …………….. side of profit & loss A/c.

Answer

Answer: Debit

6. Unearned income is shown on the ……………….. side of balance sheet.

Answer

Answer: Liability

7. The main object of non – trading concerns is ……………….

Answer

Answer: Social service

8. The debit side of income & expenditure A/c is called ………………. side.

Answer

Answer: Expenditure

9. Non – trading concerns maintain their books according to ………………. system.

Answer

Answer: Cash

10. …………….. account is prepared with the help of cash-book.

Answer

Answer: Receipts & payment A/c

11. Only …………… item are shown in income & expenditure A/c.

Answer

Answer: Revenue

12. ……………. represents the excess of assets over liabilities.

Answer

Answer: Capital

State True or False:

1. Depreciation is charged only in case of profits.

Answer

Answer: False

2. Unearned Income is recorded in Asset side.

Answer

Answer: False

3. Interest on Capital is income for the business.

Answer

Answer: False

4. Drawing of goods is deducted from purchases.

Answer

Answer: True

5. Doctor employed with government is an example of non – trading professional.

Answer

Answer: False

6. Professional people maintain their accounts according to cash system.

Answer

Answer: True

7. Income & expenditure account reveals cash balance.

Answer

Answer: False

8. Capital items are written in Receipts & payments account.

Answer

Answer: True

9. No adjustment is made in Receipt & payment A/c.

Answer

Answer: True

Match the following:

1.

Column A Column B
1. Added to Expenses (a) Interest on Capital
2. Deduced from Expenses (b) Depreciation
3. Deducted from Assets (c) Outstanding Expenses
4. Added to capital (d) Prepaid Expenses
Answer

Answer:

Column A Column B
1. Added to Expenses (c) Outstanding Expenses
2. Deduced from Expenses (d) Prepaid Expenses
3. Deducted from Assets (b) Depreciation
4. Added to capital (a) Interest on Capital

2.

Column A Column B
1. Outstanding expense of last year (a) Balance sheet
2. Unearned income of current year (b) Opening capital
3. Hospital (c) Professional
4. Manager I Doctor / Surgeon (d) Non-trading concern
5. School/college (e) Non-trading concern.
Answer

Answer:

Column A Column B
1. Outstanding expense of last year (a) Balance sheet
2. Unearned income of current year (b) Opening capital
3. Hospital (d) Non-trading concern
4. Manager I Doctor / Surgeon (c) Professional
5. School/college (e) Non-trading concern.

Answer in one word/sentence:

1. Such Expenses for which services have been received but amount is yet to be paid are called.

Answer

Answer: Outstanding Expenses

2. Recording of relevant transactions and eliminating non – related transactions is called.

Answer

Answer: Adjustment

3. Such income which is earned but not yet received is called.

Answer

Answer: Accrued or Earned Income

4. Unearned income is recorded in which side of the balance sheet?

Answer

Answer: Liability side

5. Which statement/Account reveals the financial position of the non – trading concerns?

Answer

Answer: Balance sheet

6. “The receipts and payments account is nothing as more than the summary of the cash book” who said this?

Answer

Answer: Pickles

7. When a donor provides a continuous source of income to the concerns by endowment of property or money, such a donation is called.

Answer

Answer: Endowment fund

8. What is the nature of interest on investments?

Answer

Answer: Revenue

9. The major source of non – trading concern is.

Answer

Answer: Subscription

We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 10 Financial Statements 2 with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Accountancy Financial Statements 2 MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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MCQ Questions for Class 11 Accountancy Chapter 13 Computerised Accounting System with Answers

Computerised Accounting System Class 11 MCQ Online Test With Answers Questions

Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 13 Computerised Accounting System with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Computerised Accounting System Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Class 11 Accountancy Chapter 13 Computerised Accounting System MCQ With Answers

Accountancy Class 11 Chapter 13 MCQs On Computerised Accounting System

Computerised Accounting Facilitates Question 1.
What are the features of a computerized accounting system.
(a) It facilitates off-line input and storage of accounting data
(b) This system never fails
(c) It generates a print-out of purchase and sale invoices
(d) None of the above

Answer

Answer: (c) It generates a print-out of purchase and sale invoices

Computerized Accounting MCQ Pdf Question 2.
What is not an advantages of a computerized accounting system.
(a) High Speed
(b) High Reliability
(c) Reduced training cost
(d) None of the above

Answer

Answer: (c) Reduced training cost

Computerized Accounting MCQ Questions And Answers Pdf Question 3.
What are the types of a computerized accounting system.
(a) Ready to use Software
(b) Customized Software
(c) Tailor-made Software
(d) All of the above

Answer

Answer: (d) All of the above

Computerized Accounting MCQ Question 4.
What is the advantages of tailor-made software.
(a) These are ready made softwares
(b) Low cost
(c) High secrecy of data
(d) None of the above

Answer

Answer: (c) High secrecy of data

Question 5.
What are the factors to be considered while source accounting software?
(a) Flexibility
(b) Adaptability
(c) Interest of management
(d) Both a & B

Answer

Answer: (d) Both a & B

Question 6.
Ram want to install a computerised accounting system but his budget is low. Which software he should opt for
(a) Ready to use Software
(b) Customized Software
(c) Tailor-made Software
(d) He can buy any of above, all cost same

Answer

Answer: (a) Ready to use Software

Question 7.
If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for
(a) Ready to use Software
(b) Customized Software
(c) Tailor-made Software
(d) Any of above

Answer

Answer: (c) Tailor-made Software

Question 8.
What are the features of computerized accounting software?
(a) storage of accounting data and on-line input
(b) instantly produces different reports
(c) group different account
(d) All of the above

Answer

Answer: (d) All of the above

Question 9.
The ……….of a vendor is also an important factor to consider while opting for a computerized accounting software
(a) Level of profit
(b) Honesty
(c) Capability
(d) None of the above

Answer

Answer: (a) Level of profit

Question 10.
A software must be easy to…….
(a) Install
(b) Adapt
(c) Understand
(d) All of the above

Answer

Answer: (d) All of the above

We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 13 Computerised Accounting System with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Accountancy Computerised Accounting System MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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