CBSE Class 11 Theory Base of Accounting Multiple Choice Questions with Answers. MCQ Questions Class 11 Theory Base of Accounting with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Theory Base of Accounting with Answers to know their preparation level.
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MCQ Questions Class 11 Theory Base of Accounting with Answers - Set - 3
Question 1:
Which of the following is not a business transaction?
(a) Bought furniture of Rs. 25,000 for business.
(b) Paid for salaries of employees, Rs. 20.000.
(c) Cash withdrawn from personal bank account, Rs. 10,000 for domestic use.
(d) All of the above.
Correct Answer – (C)
Question 2:
Which of the following is not a characteristic of accounting?
(a) Recording non-monetary transactions
(b) Classifying
(c) Analysis
(d) Summarising
Correct Answer – (A)
Question 3:
Cash Discount is:
(A) Which is received at the time of making the payment
(B) Which is allowed at the time of sale of goods
(C) Which is received at the time of purchase of goods
(D) Which is received both at the time of making payment and purchase of goods
Correct Answer – (A)
Question 4:
Which of the following is not a sub-field of accounting?
(A) Financial accounting
(B) Book Keeping
(C) Management accounting
(D) Cost Accounting
Correct Answer – (B)
Question 5:
Management Accounting :
(a) Is a clerical work
(b) Is accounting for future
(c) Is a recording technique of the management related transactions|
(d) None of the above
Correct Answer – (C)
MCQ Questions Class 11 Theory Base of Accounting With Answers
Question 6:
Bank overdraft is
(a) short-term liability.
(b) long-term liability.
(c) contingent liability.
(d) None of these.
Correct Answer – (A)
Question 7:
Which is the last step of accounting as a process of information?
(a) Recording of data in the books of accounts
(b) Preparation of summaries in the form of financial statements
(c) Communication of information
(d) Analysis and interpretation of information
Correct Answer – (C)
Question 8:
Trade Discount is:
(A) Which is allowed at the time of receiving the payment
(B) Which is allowed at the time of sale of goods
(C) Which is allowed both at the time of receiving payment and sale of goods
(D) Allowed in all of the above
Correct Answer – (B)
Question 9:
Which of the following transactions is not of financial character :
(a) Purchase of goods on credit
(b) Purchase of a building
(c) Payment of salaries
(d) Strike by employees
Correct Answer – (D)
Question 10:
Internal users of accounting information are :
(A) Potential Investors
(B) Creditors
(C) Management
(D) Employees
