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Home
Curriculum
CBSE
Class XI
Accountancy
Introduction to Accounting
Introduction to Accounting – Multiple Choice Questions – MCQ

Introduction to Accounting – Multiple Choice Questions – MCQ

Take the quiz. Retake and answer more questions.

QUIZ START

Results

QUIZ START

#1. Right side of a ledger account is

Debit

Credit

#2. In a business, ________ is purchased and sold

enter answer here

#3. ____________ are owned by the business and help in smooth functioning of the business.

enter answer here

#4. When a business purchases furniture for sale, it will considered as “purchases of goods”

True

False

#5. The surplus of assets over the liabilities is called as

enter answer here

#6. The inventory of goods that remain unused/unsold at the end of the year is called as

enter answer here

#7. A Building is

An Asset

A Liability

An Expense

None of these

#8. Salary is

Credit

Expense

Debit

Liability

#9. Closing stock refers to the goods brought in by the owner when the business is started

True

False

#10. Book Keeping is

An Art

A Science

Both Science and Art

Neither Science Nor Art

Class 12 Business Studies

Nature and Significance of Management:
Principles of Management:
Business Environment:
Planning:
Organising:
Staffing:
Directing:
Controlling:
Financial Management:
Marketing:
Consumer Protection:

Class 11 Business Studies

Business, Trade and Commerce:
Forms of Business Organisation:
Private, Public and Global Enterprises:
Business Services:
Emerging Modes of Business:
Social Responsibilities of Business and Business Ethics:
Formation of a Company
Sources of Business Finance:
Small Business and Entrepreneurship:
Internal Trade:
International Business: