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MCQ Chapter 9 Accountancy Class 11 Maharashtra Board

Final Accounts of a Proprietary Concern

1. Carriage Outward is recorded in:

Question 1 of 20

2. Rent received in advance is shown on the:

Question 2 of 20

3. Which is not an objective of preparing Final Accounts?

Question 3 of 20

4. Free samples distributed are recorded in:

Question 4 of 20

5. The first step before preparing Final Accounts is:

Question 5 of 20

6. Income which is earned but not received is known as:

Question 6 of 20

7. Furniture is classified as:

Question 7 of 20

8. Rent Outstanding is shown under:

Question 8 of 20

9. Drawings are shown on the:

Question 9 of 20

10. The balance of Profit & Loss A/c is transferred to:

Question 10 of 20

11. Which of the following appears on the asset side of the Balance Sheet?

Question 11 of 20

12. Goods taken for personal use by proprietor are:

Question 12 of 20

13. The purpose of providing depreciation is to:

Question 13 of 20

14. Which of these is a direct expense?

Question 14 of 20

15. Unpaid expenses are also known as:

Question 15 of 20

16. Trial Balance helps in preparation of:

Question 16 of 20

17. Discount received from creditors is considered as:

Question 17 of 20

18. Final Accounts are prepared by all businesses to:

Question 18 of 20

19. Capital is shown on the:

Question 19 of 20

20. Freight and Carriage Inward are recorded in:

Question 20 of 20


 

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