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Q1.Which qualitative characteristics of accounting information is reflected when accounting information is clearly presented? (1) Relevance (2) Understandability (3) Reliability (4) Comparability Answer Understandability Related Questions on Introduction to Accounting Q2.Which of the following is not a business transaction? (1) Purchase of goods for resale amounted to Rs. 50,000 (2) Paid salaries and wages amounted … Read more

MCQs for Accountancy Class 11 with Answers Chapter 1 Introduction to Accounting MCQs for Accountancy Class 11 with Answers Chapter 2 Theory Base of Accounting

1.Which of the following has more volume ? a) Cricket Ball or Table Tennis Ball Ans: Cricket Ball b) Lemon or Watermelon Ans: Watermelon c) 1/2 Polypack of milk or 1 l poly pack of milk? Ans: 1 l poly pack of milk 2. Do it yourself 3. Which of the following are true? a) … Read more

1.Fill in the blanks. (a) The best unit of measuring area is m2 (b) Measure of the amount of surface enclosed by a closed figure is called Area.(c) Area of a rectangle = Length x Breadth(d) Area of a square = Length x Length(e) The area of a square having one side equal to 1 … Read more