MCQ Questions Class 11 Accountancy Chapter 2 Theory Base of Accounting with Answers

Free PDF Download of CBSE Class 11 Accountancy Chapter 2 Theory Base of Accounting Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 11 Accountancy Chapter 2 Theory Base of Accounting Multiple Choice Questions with Answers to know their preparation level.

Theory Base of Accounting Class 11 MCQs Questions with Answers

Class 11 Accountancy Chapter 2 Theory Base of Accounting MCQ Questions with Answers

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1. When information about two difference enterprises have been prepared presented in a similar manner the information exhibits the characteristic of:

 
 
 
 

2. Which of the following limitations of accounting states that accounts may be manipulated to conceal vital information?

 
 
 
 

3. Which of the following statements is correct:

 
 
 
 

4. As per Income Tax Act, accounting period is :

 
 
 
 

5. The Trading and Profit and Loss Account is prepared under which attribute of accounting:

 
 
 
 

6. The basic accounting postulates are denoted by

 
 
 
 

7. In India, the accounting standard board was set up in the year-

 
 
 
 

8. Convention of conservatism takes into account:

 
 
 
 

9. The amount drawn by businessmen for his personal use is 

 
 
 
 

10. The primary qualities that make accounting information useful for decision-making are

 
 
 
 

11. A liability arises because of:

 
 
 
 

12. A concept that a business enterprise will not be sold or liquidated in the near future is known as :

 
 
 
 

13. Meaning of credibility of going concern is:

 
 
 
 

14. IFRS are:

 
 
 
 

15. As per Dual Aspect Concept:

 
 
 
 

16. During the lifetime of an entity accounting produce financial statements in accordance with which basic accounting concept:

 
 
 
 

17. Among the following assets, which one is fictitious asset?

 
 
 
 

18. Return Inward is the term used for:

 
 
 
 

19. Which of these is not a fundamental accounting assumption?

 
 
 
 

20. IASB upon coming into existence has adopted

 
 
 
 

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