Commerce Assessment

Name of the Student:

Section (11th Standard English Medium)

• A
• B

1. .……………is the amount incurred in order to produce and sell the goods and services. ‘

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2. .……………….requires analytical skill.

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3. What are the business organisations in commerce.

• Sole Tradership
• Partnership
• Joint Stock Company
• Limited Liability
• Single Entry

4. Choose the examples of Goodwill:

• brand reputation
• Customer loyalty
• Land
• Shares

5. The balance in the petty cash book is ……………

• (a) An asset
• (b) A liability
• (c) An income
• (d) None of these

6. The bank statement shows an overdrawn balance of ₹ 2,000. A cheque for ₹ 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor prevents the cheque for payment, the bank balance will be…………….

• (a) ₹ 1,500
• (b) ₹ 2,500 (overdrawn)
• (c) ₹ 2,500
• (d) ₹ 3,500

11. What is accounting equation?

12. The Consumer protection act came into force on?