Objective Questions for Class 11th Accountancy - 2017-2018 StudyChaCha

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  #1  
Old January 21st, 2014, 10:36 AM
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Default Objective Questions for Class 11th Accountancy

Give me question paper for objective type accountancy paper for class 11th examination of Sri Ram School Pariwaar ??
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  #2  
Old January 21st, 2014, 12:47 PM
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Default Re: Objective Questions for Class 11th Accountancy

here I am giving you question paper for objective type accountancy paper for class 11th examination of Sri Ram School Pariwaar in PDF file attached with it ..

I. Multiple Choice Questions
1. Qualitative characteristics of Accounting Informations are :
(a) Reliability (b) Relevance
(c) Understandable (d) All of the above

2. Accounting cycle includes :
(a) Recording (b) Classification
(c) Summarising (d) All of the above

3. Which of the following statements is not an objective of accounting ?
(a) To keep systematic records
(b) To ascertain the operational profit or loss
(c) To provide information of the personal assets liabilities of the owner of
an enterprise
(d) To ascertain the financial position of the business

4. Which of the following events represent business transaction:
(a) Machinery is purchased for cash
(b) Goods are ordered for delivery next month
(c) The owner of the firm dies
(d) An employee is dismissed from this job

5. Book-Keeping is mainly concerned with :
(a) Recording of financial data relating to business operations
(b) Designing the systems in recording, classifying the recorded data
(c) Interpreting the data for internal and external users
(d) Preparation of final accounts

6. The main objective of accounting is to see concern
(a) Financial position of the concern
(b) Position of the cash book
(c) Position of purchases
(d) Position of sales

7. Which of the following transactions will be entered in the books of Mr. X, a
cloth merchant ?
(a) He receives a shirt as a gift on his birthday
(b) He buys a shirt for his son
(c) He sells cloth to one of his customers
(d) None of the above

II. Matching Questions

1. Part - A Part - B
(i) Accountancy (a) Where the work of Book-Keeping ends
(ii) The work of Accounting begins (b) Influenced by personal judgements
(iii) The limitations of Accounting (c) Not fully Accurate
(iv) Accounting Statements (d) Types of Accounting
(v) Management Accounting (e) Aet and Science both

2. Part - A Part - B
(i) Accounting cycles includes (a) Proof in court
(ii) Advantages of Accounting (b) Calculation of Profit and Loss
(iii) Functions of Accounting (c) Financial Transactions
(iv) Relevance (d) Recording
(v) Accounting Record (e) Qualitative characteristics of Accounting Informations
OBJECTIVE QUESTIONS FINANCIAL ACCOUNTING CLASS - 11TH
G-106, P.C. Colony K. bagh, Patna-20 -1- Contact : 9386313659
3. Part - A Part - B
(i) Meaning of Book-Keeping (a) All transactions are recorded in primary books
(ii) Characteristics of Accounting (b) Purchased machinery for cash
(iii) In Book-Keeping (c) Accounting Business Transactions
(iv) Business Transactions (d) Cost Accounting
(v) Types of Accounting (e) Recording and Classifications

III. Multiple Choice Questions : More than one correct type Questions
1. Accounting means
(a) Accounting is a Science as well as an Art both
(b) Accounting provides financial informations to efficient conduct and evaluation
of the activities of any organisation
(c) An employee dismissed from the job is known as an accounting transaction
(d) Accounting explains the qualitative aspects of trade

2. The characteristics of Accounting are :
(a) A perspective employee is interviewed
(b) According to accounting tradition all the assets which are in the possission
of business are called goods.
(c) Recording of Financial Transactions only
(d) recording in terms of money

3. In Book-Keeping :
(a) All the business transactions are recorded in the Primary Books
(b) Posting is done from the Primary Books
(c) Book-Keeping is not dependent on Accounting
(d) Trial Balance is prepared

4. In Accountancy :
(a) Business transactions are recorded
(b) Accounts of Adjustments and Rectification of errors are include
(c) Final Accounts are included
(d) Special knowledge and ability is necessary

5. Objects of Accounting are :
(a) To keep systematic records
(b) Calculation of Profit and Loss
(c) To ascertain the financial of the business
(d) Receiving a huge order for export

6. The advantages of Accounting are :
(a) Compliment of Memory
(b) Comprative Study
(c) Proof in Court
(d) Helpful in determination of Tax-liability

7. The types of Accounting are :
(a) Purchase Accounting (b) Sales Accounting
(c) Financial Accounting (d) Cost Accounting

8. The limitations of Accounting are :
(a) Influenced by Personal Judgements (b) Incomplete Information
(c) Source of Information (d) Accounts of Rectification of Errors

9. The internal users of Accounting Informations are :
(a) Management at the top level (b) Creditors
(c) Government (d) Middle and low level Mngt.

10. The external users of Accounting Informations are :
(a) Management at all levels (b) Tax Authorities
(c) Customers (d) Labour Unions
th
G-106, P.C. Colony K. bagh, Patna-20 -2- Contact : 9386313659
11. The sub-systems of Accounting Information System are :
(a) Cash sub-system
(b) Purchase and Accounts payable sub-system
(c) Sales and Accounts Receivable sub-system
(d) Employees sub-system

12. Advantages of Accounting Informations are :
(a) Accounting Information is historical in nature
(b) It provides to users the information regarding the earning capacity of Enterprise
(c) it provides information useful for making economic decisions
(d) If reflects the current financial position of a business

13. Qualitative characteristics of Accounting Informations are :
(a) Reliability (b) Relevance
(c) Understandability (d) Comparability

IV. Assertion-Reason Type Questions
Following are two given statements. Read both the statements and choose
the correct alternative :
(A) Both statements are true and Statement-II is the correct explanation of
statement-I
(B) Both statements are true but statement-II is not the correct explanationof
statement-I
(C) Statement-I is true, but statement-II is false
(D) Statement-II is true, but statement-I is false

1. Statement-I “Accountancy starts where book-keeping ends.”
Statement-II “Accountancy refers to the entire body of the theory and practice
of Accounting.”

2. Statement-I “Book-Keeping is the language of business.”
Statement-II “Book-Keeping is an Art or Science.”

3. Statement-I “Assets are future economic benefits, the rights which are owned
or controlled by an organisation or individuals.”
Statement-II “Assets are valuable resources owned by a business which were
acquired at a measurable money cost.”

4. Statement-I “Book-Keeping is primary stage.”
Statement-II “Accounting is secondary stage Accounting starts where bookkeeping
ends.”

5. Statement-I “Accountant is not required to possess analytical skill.”
Statement-II “Book-keeper is not required to possess analytical skill.”
V. Comprehension/Paragraph based Questions
Only those transactions and events are recorded in accounting which are of a
financial character. There are so many transactions in the business which are very
important for business but which cannot be measured and expressed in terms of money
and hence such transactions will not be recorded. For example, the quarrel between
the Production Manager and the Sales Manager, resignation by an able and experienced
manager, strike by employees and starting of a new business by the other competitor
etc. Though these events affect the earnings of the business adversely but as no one
can measure the effect of such events in terms of money, these will not be recorded in
the books of the business

1. What type of transactions are recorded in accounting ?
(a) Only Financial transactions are recorded
(b) Financial and non-financial transactions
Objective Questions / P.C. Colony K. bagh, Patna-20 -3- Contact : 9386313659
(c) All types of transactions are recorded.
(d) Accounting of all of the above

2. Which of the following are not recorded in accounting ?
(a) Quarrel between production manager and sales manager
(b) Establishment of all most same business
(c) Resignation by cashier
(d) All of the above

3. What type of work is performed by accountant:
(a) Analytical nature (b) Order type work
(c) Understanding work (d) Work of own choice

Basic Accounting Terms
I. Multiple Choice Questions
1. Assets are :
(a) Fixed Assets (b) Floating Assets
(c) Fictitious Assets (d) All of the above

2. Liabilities are :
(a) Fixed Liabilities (b) Current Liabilities
(c) Contigent Liabilities (d) All of the above

3. Capitals are
(a) Fixed (b) Floating
(c) Working (d) All of the above

4. Goods includes :
(a) Purchase of all the commodities
(b) Purchase of all the Assets
(c) Purchase of those commodities which are purchased for re-sale purpose
(d) Purchase of liquid commodities only

5. A person who owes money to the firm is called a :
(a) Creditor (b) Debtor
(c) Proprietor (d) None of these

6. A person to whom money is owned by the firm is called a :
(a) Creditor (b) Debtor
(c) Employee (d) None of the above

7. Live Stock includes :
(a) Plant and Machinery (b) Animals
(c) Stock (d) Life Insurance Policy

8. Dead Stock includes :
(a) Land and Building (b) Debtors
(c) Creditors (d) Investments

9. Debentures are :
(a) Short-term Liability (b) Contigent Liability
(c) Long-term Liability (d) Liquid Liability

10. Bank Loan is
(a) Current Liability (b) Current Asset
(c) Liquid Asset (d) None of the above

II. Matching Questions
1. Part - A Part - B
(i) Fixed Asset is (a) Long-term loan
th
G-106, P.C. Colony K. bagh, Patna-20 -4- Contact : 9386313659
(ii) Floating Asset is (b) Creditors
(iii) Current Liability is (c) Building Construction Expenses
(iv) Capital Exopenditure is (d) Cash and Bank Balance
(v) Fixed Liability is (e) Land and Building

2. Part - A Part - B
(i) Revenue expenditure is (a) Land and Building
(ii) Live Stock is (b) Cash Discount
(iii) Allowed at the time of sales of goods (c) Horses
(iv) Allowed at the time of receipt of payment (d) Trade Discount
(v) Dead Stock includes (e) Wages of Workers

3. Part - A Part - B
(i) Bank Loan is (a) Creditor
(ii) Debentures are (b) Debtor
(iii) A person to whom money is (c) Amount withdraw for personal use
owned by the firm is called a (d) Long-term liability
(iv) A person whoomes money to (e) Current liability
the firm is called a
(v) Drawings is treated

III. Multiple Choice Questions : More than one correct type Questions
1. Features of business transactions are :
(a) Economic Activity (b) Non-banking Activity
(c) Change in financial position of business (d) Change in measureable in terms of money

2. Features of assets are :
(a) Assets are limited (b) Assets must be valuable
(c) Assets must not be owned by the business
(d) The Assets must not be owned by the business.

3. The types of assets are :
(a) Fixed Assets (b) Floating assets
(c) Fictitious assets (d) Tangible and intangible assets

4. Fixed assets are :
(a) Cash (b) Debtors
(c) Land and Buildings (e) Plant and Machinery

5. Current assets are :
(a) Bank balance (b) Furniture
(c) Investments (d) Closing stock

6. Fictitious assets are :
(a) Bills Receivable (b) Motor Car
(c) Preliminary Expenses (d) Promotion Expenses of business

7. Wasting assets are
(a) Mines (b) Patent rights
(c) Trade Marks (d) Goodwill

8. Tangible assets are :
(a) Stock (b) Discount
(c) Cash (d) Land and Building

9. Intangible assets are :
(a) Loss (b) Goodwill
(c) Trade Marks (d) Cash at Bank
10. Fixed liabilities are :
(a) Creditors (b) Bills Payable
(c) Long Term Loans (d) Debentures
th
G-106, P.C. Colony K. bagh, Patna-20 -5- Contact : 9386313659
11. Current liabilities are :
(a) Bank Overdraft (b) Short Term Loans
(c) Capital (d) Creditors

12. The types of capital are :
(a) Fixed capital (b) Fluctuating capital
(b) Working capital (d) Fictitious capital

13. The types of expenditure are
(a) Daily expenditure (b) Useless expenditure
(c) Capital expenditure (d) Revenue expenditure

14. The types of stock are :
(a) Live Stock (b) Dead Stock
(c) Stock of Raw Material (d) Stock of Closing Stock

15. The types of profit are :
(a) Gross Profit (b) Operating Profit
(c) Net Profit (d) Good Profit

16. The types of discount are :
(a) Useless Discount (b) Good Discount
(c) Trade Discount (d) Cash Discount

Remaining questions are in the attachment .......................
Attached Files
File Type: pdf Sri Ram School Pariwaar 11th accountancy paper.pdf (520.8 KB, 2959 views)
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  #3  
Old June 26th, 2014, 03:23 PM
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Default Re: Objective Questions for Class 11th Accountancy

Please provide its solutions. Thanks in advance.
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  #4  
Old January 2nd, 2015, 02:34 PM
ABHI TYAGI
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Default Re: Objective Questions for Class 11th Accountancy

SIR/MAM I WANT BASIC QUESTION WITH ANSWER OF ACCOUNTANCY RELATED WITH STANDARD 11th AND 12th
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  #5  
Old July 6th, 2015, 09:00 PM
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Default accountancey question

what is real a/c
& personala a/c& nominal a/c
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  #6  
Old November 25th, 2015, 06:58 PM
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Default Re: Objective Questions for Class 11th Accountancy

plz provide its solutions. Thanks in advance.
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  #7  
Old February 24th, 2016, 04:11 PM
sawant from maharashtra
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Default Re: Objective Questions for Class 11th Accountancy

thank you sir

plz send answer pdf attech fille
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  #8  
Old March 19th, 2017, 01:35 PM
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Default Re: Objective Questions for Class 11th Accountancy

plzz sent it to me via mail..jeetsingh51@gmail.com
plzzz plzz i m in need of these questions
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