( Best 130+ ) Computerized Accounting Software MCQ

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Computerized Accounting Software MCQ

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Computerized Accounting System with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Computerized Accounting System Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Computerized Accounting Software MCQ

Computerized Accounting Software MCQ

11. Which of the following is wrong?

A. All real and personal accounts are transferred to balance sheet

B. Nominal accounts are transferred to P & L account

C. Each account is opened separately in ledger

D. Rent is a personal account, outstanding rent is nominal account

12. What is root cause for financial accounting

A. Stewardship accounting

B. Social accounting

C. Management accounting

D. Human resource accounting

13. If nothing is given in the financial statements about the three accounting
assumptions then it is to be treated as it

A. Is assumed that it is not followed

B. Is assumed to be followed

C. Is assumed to be followed to some extent

D. None of the above

14. The proprietor of the business is treated as creditor for the capital introduced by him due
to_____ concept.

A. Money measurement

B. Cost

C. Entity

D. Dual aspect

15. Fixed assets are held by business for _____

A. Converting into cash

B. Generating revenue

C. Resale

D. None of the above

16. Which accounting concept specifies the practice of crediting closing stock to the trading
account?

A. Cost

B. Realization

C. Going concern

D. Matching

17. Amount spent to increasing the earning capacity is a ______ expenditure

A. Capital

B. Revenue

C. Deferred revenue

D. Capital Loss

18. Change in the capital A/c of proprietor may occur due to ______

A. Profit earned

B. Loss incurred

C. Capital Introduced

D. All of the above

19. Consistency with reference to application of accounting procedures means

A. All companies in the same Industry should use identical accounting procedures

B. Income & assets have not been overstated

C. Accounting methods & procedures shall be followed uniform basis year after year

D. Any accounting method can be followed as per convenience

20. If one of the cars purchased by a car dealer is used for business purpose, instead of resale,
then it should be recorded by_____

A. Dr Drawing A/c & Cr Purchases A/c

B. Dr Office Expenses A/c & Cr Motor Car A/c

C. Dr Motor Car A/c & Cr Purchases A/c

D. Dr Motor Car & Cr Sales A/c

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