Success Roar Classes

Free Online MCQs Questions of Class – 11 Accountancy Chapter 2 – Basic Terms of Accounting

Free Online MCQs Questions of CBSE Class 11 Accountancy Chapter 2 – Basic Terms of Accounting with Answers. Free Online MCQs Questions for Class 11 Accountancy with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 11 Basic Terms of Accounting Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Accounting has a very crucial role in our business and even in our day to day life. Therefore for understanding accounting, we must be familiar with its basic terms also. Here you will find MCQs on basic terms of accounting which will help you to do more practice of your subject.

Free Online MCQs Questions of Class -11 Accountancy



Share and Enjoy !

Share and Enjoy !

#1. The main qualities that make accounting information relevant to decision-making are:

#2. Duration of an accounting period is?

#3. The idea that a firm will not be sold or liquidated in the near future is referred to as:

#4. The sum total of the capital and liabilities is known as ____.

#5. Which document serves as proof that a payment has been made or that a specific transaction has occurred?

#6. The _____ concept indicates that a business will continue to operate indefinitely (for a reasonable amount of time) and will not be liquidated anytime soon.

#7. The cost concept states that every transaction has a dual or two-fold effect on various accounts and should therefore be recorded at two places.

#8. The amount withdrawn for personal use by businessmen is-

#9. Which concept assumes that a company is a separate and distinct entity from its owners. As a result, the firm and its owners must be recognised as two independent organizations for accounting purposes.

#10. The term "____" refers to the concept of revenue recognition at the moment of sale.


Share and Enjoy !

4.1 13 votes
Article Rating
Notify of
Oldest Most Voted
Inline Feedbacks
View all comments
Tanya Jha

Wow I got 10/10

Editor (Success Roar Classes)

That’s Great! Keep practising

Tanya Jha

This is helpful for me, I got 9/10.

Hritik Chaturvedi

Thank you that is really usefull for me for commerce stream. And I got 8/10 marks .

That’s great, keep it up, we are uploading more MCQs on regular basis, so keep practicing.

abishek s b

Wow excellent
I gotmark 9/10

Editor (Success Roar Classes)

It’s really great!


Thank you…These are really helpful

Anshul Jindal (Director-SRC)

Thanks, Bhakti for appreciating our efforts

Tanya Jha

This is helpful for the me.

Anshul Jindal (Director-SRC)

We are glad that you found our website helpful

Anshul Jindal (Director-SRC)

We are glad that you found our website helpful

Sahil bawa

You people are misguiding students and wasting their time you give wrong answers to the questions, don’t give MCQ test from here students this is same as of one more misguiding site.

Editor (Success Roar Classes)

We always aim to deliver a great experience, and we are gutted when we don’t meet expectations. Thanks for taking the time to bring this to our attention. We will use the feedback to make us better and to ensure this doesn’t happen again. Answers are updated and accurate now.

Tushar singhal


error: Content is protected !!