
Accountancy Class 11-Test 2
Authored by Anu Kamal
Education
11th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person to whom money is owed by the business enterprise is called
Creditor
Debtor
Receiver
Payer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank overdraft is
Non current liability
Current liability
Asset
Capital expenditure
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods sold to Gupta for Rs.20,000 is termed as
Cash Sales
Credit sales
Sale proceeds
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Patent is an
Current Asset
Tangible Asset
Intangible Asset
Fictitious asset
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Purchase refers to the purchase of
Goods for resale
Stationary for office use
Assets for the factory
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the benefit of the expenditure last for more than 1 accounting period is termed as
Capital Expenditure
Deferred revenue expenditure
Revenue expenditure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a liability
Interest received
Stock
Rent payable
Accrued income
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