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MCQ Chapter 2 Accountancy Class 11 Maharashtra Board

Meaning and Fundamentals of Double Entry Book-Keeping

1. What type of account is Commission Received A/c?

Question 1 of 20

2. What is the classification of ‘Goodwill A/c’?

Question 2 of 20

3. Increase in assets is __________.

Question 3 of 20

4. Increase in liabilities is __________.

Question 4 of 20

5. What is the equation of accounting?

Question 5 of 20

6. What is the effect of paying rent?

Question 6 of 20

7. Capital is classified under which category in modern approach?

Question 7 of 20

8. Which transaction affects Capital and Asset?

Question 8 of 20

9. What is the effect of withdrawing cash for personal use?

Question 9 of 20

10. What type of account is Bank Loan A/c?

Question 10 of 20

11. Which side is Debit in an account?

Question 11 of 20

12. Which side is Credit in an account?

Question 12 of 20

13. Which system is scientific and complete?

Question 13 of 20

14. Purchase of machinery for cash affects which two accounts?

Question 14 of 20

15. Rent Paid is an example of __________.

Question 15 of 20

16. What is the correct rule for Real Accounts?

Question 16 of 20

17. Which of the following is not an account type under modern classification?

Question 17 of 20

18. What type of account is 'Audit Fees A/c'?

Question 18 of 20

19. Increase in expenses is always __________.

Question 19 of 20

20. Dividend Received is treated as __________.

Question 20 of 20

MCQ
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