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MCQ Chapter 2 Accountancy Class 11 Maharashtra Board

Meaning and Fundamentals of Double Entry Book-Keeping

1. Who is credited with the invention of the Double Entry System?

Question 1 of 20

2. What is recorded in Double Entry Book-Keeping?

Question 2 of 20

3. Double Entry Book-Keeping originated in which year?

Question 3 of 20

4. What does the term ‘Double Entry’ mean?

Question 4 of 20

5. Which of the following is a feature of Double Entry System?

Question 5 of 20

6. Which book records both the aspects of a transaction?

Question 6 of 20

7. The Indian system of accounting is also known as?

Question 7 of 20

8. Which method is considered incomplete and unscientific?

Question 8 of 20

9. Personal Accounts include which of the following?

Question 9 of 20

10. What is the rule for Personal Accounts in Traditional Approach?

Question 10 of 20

11. Which of the following is a Tangible Real Account?

Question 11 of 20

12. Which of the following is an Intangible Real Account?

Question 12 of 20

13. Which of the following is a Nominal Account?

Question 13 of 20

14. Which is not a Real Account?

Question 14 of 20

15. Which of the following accounts is a Representative Personal Account?

Question 15 of 20

16. What is the rule for Nominal Accounts?

Question 16 of 20

17. What type of account is ‘Rent Received A/c’?

Question 17 of 20

18. What type of account is ‘Outstanding Salary A/c’?

Question 18 of 20

19. Cash A/c is classified as a __________.

Question 19 of 20

20. Which account is affected when the proprietor brings in additional capital?

Question 20 of 20


 

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