XI Accountancy
Authored by Shaloo Balouria
Other
11th Grade
Used 194+ times
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20 questions
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1.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
AICPA stands for (a) (Fill in the Blank)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Examples of capital expenditure
Purchase of machinery
Cost of leasehold land
Cost of purchased Goodwill
All the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double entry system means
Twice recorded
Once in ledger once in journal
Recording of both aspects of transaction
None of these
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount invested by proprietor in business
investment
Capital
drawing
None of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade discount means
Cash discount
No discount
Reduction in price
None of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Current assets example
Debtors
Capital
Drawing
Furniture
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person who owes money to a firm against goods sold is called
Creditor
Debtor
Both a and b
None of these
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