Class 11 Accountancy: Introduction to Accounting — Chapter Test 1

Class 11 • Accountancy • Introduction to Accounting • Chapter Test

MediumFREE

Questions

20 min

Duration

Marks (1 each)

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

• Read each question carefully and pick the correct answer.
• You can mark questions for review and come back to them.
• Answers are saved automatically.
• The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15

Accounting is often called the:

language of business

art of selling

science of production

law of trade

View Correct Answer & Step-by-Step Solution

Correct Option:(A)language of business

Detailed explanation is available inside the official test attempt review.

Question 2 of 15

The final step in the accounting process is:

recording

classifying

summarising

communicating/interpreting results to users

View Correct Answer & Step-by-Step Solution

Correct Option:(D)communicating/interpreting results to users

Detailed explanation is available inside the official test attempt review.

Question 3 of 15

Which is an internal user of accounting information?

creditors

management

government

investors

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Correct Option:(B)management

Detailed explanation is available inside the official test attempt review.

Question 4 of 15

Which is an external user of accounting information?

owners/managers

banks and lenders

employees in the accounts department

the CEO

View Correct Answer & Step-by-Step Solution

Correct Option:(B)banks and lenders

Detailed explanation is available inside the official test attempt review.

Question 5 of 15

Assets are:

amounts owed to outsiders

resources owned or controlled by a business with future economic benefits

expenses

losses

View Correct Answer & Step-by-Step Solution

Correct Option:(B)resources owned or controlled by a business with future economic benefits

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 11 Accountancy: Introduction to Accounting — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Introduction to Accounting" of Class 11 Accountancy. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.