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MCQ Questions for Class 11 Accountancy with Answers: Financial Accounting
Q1. Which among the accounting packages, level of secrecy is lowest?
(i) Tailored
(ii) Customised
(iii) Ready-to-use
(iv) None of the above
(iii) Ready-to-use
Q2. For creating a company we use
(i) Alt + F1
(iii) Alt + F2
(ii) Alt + F3
(iv) ESC key
(iii) Alt + F2
Q3. Who is the developer of Tally?
(i) Wally Feurzeig
(ii) John G. Kemeny
(iii) Nandan M. Nilekani
(iv) Shyam Sundar Goenka
(iv) Shyam Sundar Goenka
Q4. What is not an advantages of a computerized accounting system.
(i) High Speed
(ii) High Reliability
(iii) Reduced training cost
(iv) None of the above
(iii) Reduced training cost
Q5. The basic requirement of a computerised accounting system is/are:
(i) Accounting framework
(ii) Operating procedure
(iii) Both (i) and (ii)
(iv) None of the above
(iii) Both (i) and (ii)
Q6. Level of Secrecy is very low in case of:
(i) Ready to Use Software
(ii) Customised Software
(iii) Tailor made Software
(iv) All of the Above
(i) Ready to Use Software
Q7. What are the types of a computerized accounting system.
(i) Ready to use Software
(ii) Customized Software
(iii) Tailor-made Software
(iv) All of the above
(iv) All of the above
Q8. Which among these, cannot be treated as limitation of computerised accounting system?
(i) Security breach
(ii) Staff opposition
(iii) Automated document production
(iv) Cost of training
(iii) Automated document production
Q9. Which one of the following is not an advantage of Computerised Accounting System:
(i) High Reliability
(ii) High Speed
(iii) High Cost
(iv) High Security of Data
(iii) High Cost
Q10. What are the details required for filing income tax returns?
(i) PAN, Aadhar Card, Current address and Bank Details
(ii) Income proofs and information about all the deductions claimed under Section 80
(iii) Tax payment information such asTDS and advance tax payments
(iv) All of the above
(iv) All of the above
Q11. Ram want to install a computerised accounting system but his budget is low. Which software he should opt for
(i) Ready to use Software
(ii) Customized Software
(iii) Tailor-made Software
(iv) He can buy any of above, all cost same
(i) Ready to use Software
Q12. Liveware of the computer system are
(i) System analysts
(ii) Programmers
(iii) Operators
(iv) All of the above
(iv) All of the above
Q13. This is a non-accounting voucher.
(i) Receipt Voucher
(iii) Memo Voucher
(ii) Payment Voucher
(iv) Journal Voucher
(ii) Payment Voucher
Q14. What are the features of computerized accounting software?
(i) storage of accounting data and on-line input
(ii) instantly produces different reports
(iii) group different account
(iv) All of the above
(iv) All of the above
Q15. Which among these is not an example of operating system?
(i) Unix
(ii) Tally
(iii) Linux
(iv) MS-Dos
(ii) Tally
Q16. Examples of Transaction Processing System are:
(i) Automatic Teller Machines
(ii) Order Processing
(iii) Payroll Applications
(iv) All of the Above
(iv) All of the Above
Q17. A software must be easy to
(i) Install
(ii) Adapt
(iii) Understand
(iv) All of the above
(iv) All of the above
Q18. An accounting information system processes the financial transactions and events based on
(i) Governing Principles
(ii) Management Principles
(iii) Accepted Principles
(iv) Generally Accepted Accounting Principles
(iv) Generally Accepted Accounting Principles
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MCQ Questions for Class 11 Accountancy: Financial Accounting
- Lesson 1. Introduction to Accounting Class 11 MCQ
- Lesson 2. Theory Base of Accounting Class 11 MCQ
- Lesson 3. Recording of Transactions 1 Class 11 MCQ
- Lesson 4. Recording of Transactions 2 Class 11 MCQ
- Lesson 5. Bank Reconciliation Statement Class 11 MCQ
- Lesson 6. Trial Balance and Rectification of Errors Class 11 MCQ
- Lesson 7. Depreciation, Provisions and Reserves Class 11 MCQ
- Lesson 8. Bills of Exchange Class 11 MCQ
- Lesson 9. Financial Statements 1 Class 11 MCQ
- Lesson 10. Financial Statements 2 Class 11 MCQ
- Lesson 11. Accounts from Incomplete Records Class 11 MCQ
- Lesson 12. Applications of Computers in Accounting Class 11 MCQ
- Lesson 13. Computerised Accounting System Class 11 MCQ