Question

STD: XI SLIP TEST - 1 MARKS : 25

SUB: Accountancy TIME: 45 Mins

DATE: 23.10.2020



I. Answer the following Questions 10 x 1 = 10



1. The root of financial accounting system is

a. Social Accounting b. Stewardship accounting

c. Management Accounting d. Responsibility Accounting



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

a. Financial accounting b. Management accounting

c. Human resources accounting d. None of the above



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

a. Creditor b. Employee c. Customer d. Government



4. _____________of a business have to be repaid in due time.

a. Assets b. Sales c. Liabilities d. None of these



5. ______________provides the relevant data to make appropriate decisions.

a. Management b. Accounting c. Accountant d. Leadership



6. Accounting works as a tool for measuring past performance of the ___________ enterprises

a. Commerce b. Business c. Management d. Money



7. Goodwill is an example of ____________ .

a. Tangible assets b. liabilities c. Intangible assets d. Capital



8. Accounting works as a tool for measuring past performance of the __________ enterprises.

a. Commerce b. Business c. Both a and b d. none of these



9. Accounting is not a modern concept and it is as old as _____________

a. Money b. Goods c. Services d. All of these



10. ___________has rightly been termed as the language of the business

a. Accounting b. Book keeping c. Accountant d. None of these



II.

​

Answer 1

answer

1. b

2.b

3.b

4.c

5.b

6.b

7. a

8.b

9.d

10.b