R4RIN – MCQs, Mock Tests | CBES Board Class 11 MCQ for Class 11 Accountancy Set-3

Such persons who earn remuneration against their services are called –

1. Seller
2. Purchaser
3. Professional
4. None of these.

✅ Correct Answer: 3

Which of the following is not an item of income of Non – trading concern –

1. Entrance fees
2. Interest
3. Govt. Aid
4. Salary.

✅ Correct Answer: 4

Receipt and payment account is a summary of-

1. Income & Expenditure account
2. Profit & Loss A/c
3. Cash – book
4. None of these.

✅ Correct Answer: 3

Which of the following is recorded in income & expenditure account –

1. Revenue items
2. Capital items
3. Revenue and capital items
4. None of these.

✅ Correct Answer: 1

A system of accounting which is not based on double entry system is called-

1. Cash system
2. Mahajani system of accounting
3. Incomplete accounting system
4. None of these.

✅ Correct Answer: 3

Accounts which are maintained under single entry system-

1. Personal accounts
2. Impersonal accounts
3. (a) & (b) both
4. None of these.

✅ Correct Answer: 1

Statement of affairs is prepared to-

1. Know about assets
2. Know about liabilities
3. Calculate capital
4. Know financial position.

✅ Correct Answer: 3

Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-

1. Creditors
2. Debentures
3. Profit
4. Capital.

✅ Correct Answer: 4

Generally incomplete records are maintained by-

1. Trader
2. Society
3. Company
4. Government.

✅ Correct Answer: 1

What is MIS-

1. Management information system
2. Micro information system
3. Middle internet system
4. Mass information system

✅ Correct Answer: 1

What is C.P.U.

1. Central processing unit
2. Central unit of production
3. Central progress unit
4. Central power unit

✅ Correct Answer: 1

Mouse is a-

1. Input device
2. Output device
3. Input and output both
4. None of these

✅ Correct Answer: 1

Super computers are-

1. Large in size and speed and storage are more than else
2. Small in size and less speed
3. Same size and same speed
4. All of above

✅ Correct Answer: 1

What are the features of a computerized accounting system.

1. It facilitates off-line input and storage of accounting data
2. This system never fails
3. It generates a print-out of purchase and sale invoices
4. None of the above

✅ Correct Answer: 3

What is not an advantages of a computerized accounting system.

1. High Speed
2. High Reliability
3. Reduced training cost
4. None of the above

✅ Correct Answer: 3

What are the types of a computerized accounting system.

1. Ready to use Software
2. Customized Software
3. Tailor-made Software
4. All of the above

✅ Correct Answer: 4

What is the advantages of tailor-made software.

1. These are ready made softwares
2. Low cost
3. High secrecy of data
4. None of the above

✅ Correct Answer: 3

What are the factors to be considered while source accounting software?

1. Flexibility
2. Adaptability
3. Interest of management
4. Both a & B

✅ Correct Answer: 4

Ram want to install a computerised accounting system but his budget is low. Which software he should opt for

1. Ready to use Software
2. Customized Software
3. Tailor-made Software
4. He can buy any of above, all cost same

✅ Correct Answer: 1

If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for

1. Ready to use Software
2. Customized Software
3. Tailor-made Software
4. Any of above

✅ Correct Answer: 3

What are the features of computerized accounting software?

1. storage of accounting data and on-line input
2. instantly produces different reports
3. group different account
4. All of the above

✅ Correct Answer: 4

The ……….of a vendor is also an important factor to consider while opting for a computerized accounting software

1. Level of profit
2. Honesty
3. Capability
4. None of the above

✅ Correct Answer: 1

A software must be easy to…….

1. Install
2. Adapt
3. Understand
4. All of the above

✅ Correct Answer: 4