MCQ Questions for Class 11 Accountancy Chapter 8 Bills of Exchange with Answers Choose the correct alternative in the following Question 1. Bills receivable account is a: (a) Nominal account (b) Personal account (c) Real account Answer Answer: (c) Real Read more…
MCQ Questions for Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves with Answers Fill in the correct words Question 1. Depreciation is decline in the value of …………………. Answer Answer: Assets Question 2. Installation, freight and transport expenses are Read more…
MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers Question 1. Agreement of trial balance is affected by (a) one sided errors only (b) two sided errors only (c) both (a) and (b) Read more…
MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers Select the Correct Answer Question 1. A bank reconciliation statement is prepared by (a) Creditors (b) Bank (c) Account holder in a bank (d) Debtors Answer Answer: Read more…
MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Question 1. When a firm maintains a cash book, it need not maintain (a) Journal Proper (b) Purchases (journal) book (c) Sales (journal) book (d) Bank Read more…
MCQ Questions for Class 11 Accountancy Chapter 3 Recording of Transactions 1 with Answers Question 1. Which of the following equation’s correct? (a) Assets = Liabilities – Capital (b) Assets = Capital – Liabilities (c) Assets = Liabilities + Capital Read more…
MCQ Questions for Class 11 Accountancy Chapter 2 Theory Base of Accounting with Answers Choose the Correct Answer. Question 1. During the lifetime of an entity accounting produce financial statements in accordance with which basic accounting concept: (a) Conservation (b) Read more…
MCQ Questions for Class 11 Accountancy Chapter 1 Introduction to Accounting with Answers Question 1. Which of the following is not a business transaction? (a) Bought furniture of Rs. 10,000 for business (b) Paid for salaries of employees Rs. 5,000 Read more…
Class 11 Accountancy MCQs Multiple Choice Questions with Answers With the help of our provided Class 11 Accountancy MCQ, you can answer any type of questions in the final exams and competitive exams. You can learn different ways of questions for Read more…
MCQ Questions for Class 11 Economics Chapter 6 Non-competitive Markets with Answers Question 1. Which of the following is not the feature of an imperfect competition? (a) Large number of buyers (b) Single seller (c) Homogeneous products (d) Price maker Read more…