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MCQ Chapter 9 Accountancy Class 11 Maharashtra Board

Final Accounts of a Proprietary Concern

1. Gross Profit is transferred from Trading A/c to:

Question 1 of 20

2. Which of these is not an indirect income?

Question 2 of 20

3. R.D.D.is shown in Balance Sheet by:

Question 3 of 20

4. Interest on Capital is shown in Profit & Loss A/c on:

Question 4 of 20

5. Free samples are treated as:

Question 5 of 20

6. Which of these is not required for preparing Final Accounts?

Question 6 of 20

7. Which of the following is deducted from capital?

Question 7 of 20

8. If credit side of Profit & Loss A/c is more, it means:

Question 8 of 20

9. Prepaid Rent appears in:

Question 9 of 20

10. Which of the following is a nominal account?

Question 10 of 20

11. Final Accounts help stakeholders to:

Question 11 of 20

12. Income earned in advance is called:

Question 12 of 20

13. Bad debts are considered as:

Question 13 of 20

14. Accrued income is shown as:

Question 14 of 20

15. Trial Balance is a list of:

Question 15 of 20

16. Goods distributed as free sample is shown in:

Question 16 of 20

17. Which account does not appear in the Balance Sheet?

Question 17 of 20

18. A Balance Sheet is:

Question 18 of 20

19. Profit & Loss Account shows:

Question 19 of 20

20. Credit side of Trading Account includes:

Question 20 of 20


 

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