CBSE Class 11 Introduction to Accounting Multiple Choice Questions with Answers. MCQ Questions Class 11 Introduction to Accounting with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Introduction to Accounting with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 Introduction to Accounting with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Introduction to Accounting with Answers. You can also verify your answers from the provided MCQ Class 11 Introduction to Accounting with Answers. So, ace up your preparation with MCQ of Class 11 Accountancy Examinations.
MCQ Questions Class 11 Introduction to Accounting with Answers - Set - 4
Question 1:Â
Revenue from Operations refers to Â
(a) Revenue earned from Operating Activities.
(b) Revenue earned from activities that are not Operating Activities.
(c) Both (a) and (b).
(d) None of the above.
Correct Answer – (A)
Question 2:Â
The person, firm or institution who does not pay the price in cash for the goods purchased or the services received is called-
(a) Creditor
(b) Proprietor
(c) Debtor
(d) None of these.
Correct Answer – (C)
Question 3:Â
Out of the following assets which one is NOT an intangible asset?Â
(A) Patents
(B) Investments
(C) Goodwill
(D) Trademark
Correct Answer – (B)
Question 4:Â
The unsold goods left at the end of the year is called ……………..
(a)Â Bad Debts
(b)Â Opening Stock
(c)Â Closing Stock
(d)Â Liabilities
Correct Answer – (C)
Question 5:Â
The amount invested by the proprietor in a business is calledÂ
(a) capital.
(b) cash.
(c) revenues.
(d) loan.
Correct Answer – (A)
MCQ Questions Class 11 Introduction to Accounting With Answers
Question 6:Â
Purchase refers to the buying ofÂ
(a) Stationery for office use.
(b) Assets for the factory.
(c) Goods for resale.
(d) Investment.
Correct Answer – (C)
Question 7:Â
External users of accounting information are :Â Â
(A) Researchers
(B) Government
(C) Potential Investors
(D) All of the above
Correct Answer – (D)
Question 8:Â
The term sales is used only for the sales of ______________ and is never used for the sale of ______________ .
(A) Assets, Investments
(B) Assets, Goods
(C) Intangible Assets, Goods
(D) Goods, Assets
Correct Answer – (D)
Question 9:Â
The art of recording all business transactions in a systematic manner in a set of books is called-
(a) Accounting
(b) Book – keeping
(c) Ledger
(d) None of these.
Correct Answer – (B)
Question 10:Â
A liability arises because ofÂ
(a) cash transactions.
(b) credit transactions.
(c) cash as well as credit transactions.
(d) None of these.
