MCQS of Origin of Transactions – Source Documents and Preparation of Vouchers Class 11with answers for CBSE, ISC and State Boards MCQs of Origin of Transactions – Source Documents of Accountancy Chapter Class 11 with answers for CBSE, ISC and…
Assertion Reason MCQs of Accounting Procedures – Rules of Debit and Credit Class 11 with Answers for CBSE, ISC and State Boards Assertion Reason MCQs of Double Entry system of class 11 CBSE ISC and State Boards Assertion (A): Increase…
MCQs of Accounting Procedures – Rules of Debit and Credit Class 11 with Answers for CBSE, ISC and State Boards MCQs of Double Entry system of class 11 CBSE ISC and State Boards Debit means (a) an increase in asset(b)…
Assertion Reason MCQs of Accounting of Goods and Services Tax (GST) Class 11 with Answers for CBSE, ISC and State Boards Assertion (A): CGST and SGST are levied on Intra-state supply of good and/or services and/or both. Reason (R): CGST…
MCQs of Accounting of Goods and Services Tax (GST) Class 11 with Answers for CBSE, ISC and State Boards On intra-state (i.e., within the state) purchase of goods, which of the following GST is levied? (a) CGST and IGST(b) SGST(c)…
MCQs of Accountancy Class 12 Chapter-wise with Answers for CBSE, ISC and State Boards Subject experts craft Multiple Choice Questions (MCQs) for Class 12 Accountancy in alignment with the latest CBSE books and syllabus. To excel in exams, students should…
Assertion Reason MCQS of Ledger Chapter class 11 with answers for CBSE, ISC and State Boards Assertion (A): Debit balance of an account shows assets or expenses. Reason (R): Credit baance of an account shows liabilities or incomes. Options: (a)…
MCQS of Ledger Chapter class 11 with answers for CBSE, ISC and State Boards The book in which all the accounts are opened, is called: (a) Journal(b) Cash Book(c) Ledger(d) Subsidiary Book Show Answer Ans:- (c) Posting of transaction means:…
Assertion Reason MCQS of Journal Chapter class 11 with answers for CBSE, ISC and State Boards Assertion (A): A Journal entry involving more than two accounts is termed as Compound Journal Entry. Reason (R): Journal entry involving two accounts is…
MCQS of Journal Chapter class 11 with answers for CBSE, ISC and State Boards When the number of accounts to be debited or credited is nore than one, entry made for recording the transaction is called __ journal entry. (a)…
Assertion Reason MCQ of Process and Basis of Accounting Class 11 with answers for CBSE, ISC and State Boards Assertion (A): First step in the accounting process is the identification of business transactions. Reason (R): Business transactions must be evidenced…
MCQ of Process and Basis of Accounting Class 11 with answers for CBSE, ISC and State Boards In accrual basis of accounting, transactions are recorded that are (a) cash transactions(b) credit transactions(c) Both (a) and (b)(d) Neither (a) nor (b)…
MCQ of Accounting Standard Class 11 with answers of CBSE, ISC and State Boards Nature of Accounting standard is (a) they direct as to how the transactions should be recorded(b) they make the financial statements comparable(c) they provide information as…
Assertion Reason MCQ of Accounting Standard Class 11 with answers of CBSE, ISC and State Boards Assertion (A): Accounting Standards are written statements specifying uniform rules and practices for preparing financial statements. Reason (R): Accounting Standards are formualted by Companies…
Assertion Reason MCQ of Accounting Principles Class 11 with answers of CBSE, ISC and State Boards Assertion (A): Based on the Going Concern Concept, assets are valued at the market value. Reason (R): According to the Consistency Concept, accounting policies…
