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) (d) none of the above Answer Answer: (c) both (a) 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: (c) Account holder in a bank Question 2. A bank 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 and cash account in the ledger Answer Answer: (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 (d) Assets = External Equities Answer Answer: (c) Assets = 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) Matching (c) Accounting period (d) None of the above Answer 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 (c) Paid sons fees from her personal bank account Rs. 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 each chapter from this MCQ of Accountancy Class 11 with Answers Read more…