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Monday, November 01, 2021

11th Accountancy english medium quiz one word questions +1 கணக்குப்பதிவியல் வினாடிவினா வினாக்கள்

11th Accountancy english medium quiz one word questions +1 கணக்குப்பதிவியல் வினாடிவினா வினாக்கள்

1. It involves recording of financial transactions and events

Required
2. Real account deals with

Required
3. Which one of the following is not a main objective of accounting?

Required
4. ------------accounting rules is "Debit all expenses and losses" Credit all incomes and gains"

Required
5. -----------------only those transactions, which can be expressed in terms of money, are recorded in the accounts.

Required
6. Which one of the following is not a branch of accounting?

Required
7. A person who gives a benefit without receiving money or money’s worth immediately but to claim in future.

Required
8. An asset is recorded in the books on the basis of purchase price is-----------

Required
9. Who is considered to be the internal user of the financial information?

Required
10. It refers to the financial obligation of the business.

Required
11. “---------------- is an art of recording business dealings in a set of books”.

Required
12. Financial position of a business is ascertained on the basis of

Required
13. -------------- is a loss to the business arising out of failure of a debtor to pay the dues. It is irrecoverable debt.

Required
14. In India, Accounting Standards are issued by

Required
15. Withdrawal of cash from business by the proprietor should be credited to

Required
16. -----------is the language of business.

Required
17. GAAPs are:

Required
18. In double entry system of book keeping, every business transaction affects

Required
19. Indian bank is an example of-------------

Required
20. A journal contains--------- columns

Required
21. The root of financial accounting system is

Required
22. The rule of stock valuation ‘cost price or realisable value’ whichever is lower is based on the accounting principle of

Required
23. The consistency convention implies that the accounting policies must be followed consistently from one accounting period to another.

Required
24. which accounts are credited in the following transaction"Purchased goods from Lipton & Co. on credit 10,000"

Required
25. Which of the following transactions are not recorded in the books of accounts.

Required
26. The concept which assumes that a business will last indefinitely is

Required
27. ---------------is a statement prepared by the seller who receives back from his customer the goods sold

Required
28. Which one of the following is representative personal account?

Required
29. ----------------is used for credit purchases and credit sales.

Required
30. The business is liable to the proprietor of the business in respect of capital introduced by the person according to

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