TN STATEBOARD 11th ACCOUNTANCY UNIT 1 TEST

 

 

TN STATEBOARD 11th ACCOUNTANCY UNIT 1 TEST

INTRODUCTION TO ACCOUNTING UNIT TEST

TEST – 1

PADVIKSHA BLOG

TIME: 1 HOUR 15 Minutes

TOTAL MARKS: 25

 

I Multiple Choice Questions (MCQ) (Mark- 5 x 1 = 5)

1. Who Developed the Double Entry Book-keeping system?

(a) Luca Pacioli (b) Kautilya

(c) Wheeler (d) R.N. Cart

 

2. Who wrote the book named "Arthashastra”?

(a) Luca Pacioli (b) Kautilya

(c) Wheeler (d) R.N. Cart

 

3. The root of Financial Accounting system is

(a) Stewardship Accounting (b) Social Accounting

(c) Responsibility Accounting (d) Management Accounting

 

4. Financial position of a Business is ascertained on the basis of

(a) Journal (b) Trial Balance

(c) Balance Sheet (d) Ledger

 

5. Who is considered to be the External user of the financial information?

(a) Owner (b) Employee

(c) Creditor (d) Management

 

II VERY SHORT ANSWER QUESTION (4 x 2 = 8)

Write Any 4 Questions:

1. Define Accounting.

 

2. In which Century Records of Debit and Credit were found?

 

3. Define Asset and Liability.

 

4. Name any 2 bases of recording Accounting information.

 

5. What is Capital Structure?

 

6. What are the steps involved in the process of Accounting?

 

III SHORT ANSWER QUESTION 4 x 3 = 12

WRITE ANY 4 QUESTIONS

1. Write a note on:

    a. Purchases

    b. Sales

   c. Purchases Returns

2. Discuss briefly about Cash Basis.

 

3. Explain the Importance of Accounting.

 

4. Why are the following parties interested in accounting information?

   a. Owner

   b. Customer

   c. Government

 

5. Write any 3 roles of an accountant.

 

6. Explain the meaning of Accounting.

 

SEND ANSWERS TO WHATSAPP NUMBER ON OR BEFORE 7.30 PM

 

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