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MCQ Chapter 9 Accountancy Class 11 Maharashtra Board

Final Accounts of a Proprietary Concern

1. Which of the following is NOT a part of Final Accounts in Class 11 syllabus?

Question 1 of 20

2. The final result of Trading Account is called:

Question 2 of 20

3. Which side of the Trading Account is the Opening Stock shown on?

Question 3 of 20

4. Closing Stock is recorded in:

Question 4 of 20

5. Net Profit is transferred to:

Question 5 of 20

6. Which of the following is a direct expense?

Question 6 of 20

7. Profit and Loss Account is prepared to ascertain:

Question 7 of 20

8. Discount allowed is shown in:

Question 8 of 20

9. Depreciation is:

Question 9 of 20

10. Interest on Drawings is:

Question 10 of 20

11. Profit and Loss Account is a:

Question 11 of 20

12. Which of the following appears on the liability side of the Balance Sheet?

Question 12 of 20

13. Which is not recorded in the Trading Account?

Question 13 of 20

14. Goods withdrawn by the proprietor for personal use are shown in:

Question 14 of 20

15. Reserve for Discount on Creditors is shown on:

Question 15 of 20

16. Which of the following is deducted from Sundry Debtors in Balance Sheet?

Question 16 of 20

17. Purchase Returns are:

Question 17 of 20

18. Provision for Doubtful Debts is created for:

Question 18 of 20

19. Which of the following is an example of indirect expense?

Question 19 of 20

20. Final Accounts are prepared at the end of:

Question 20 of 20

MCQ
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