Download App

Model Paper 1 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountModel Paper 11 Mark
MCQ
Single entry system is also known as
  • A
    Accounts for Real and Nominal
  • B
    Accounts from Auditors nature
  • C
    Accounts from complete records
  • ✓
    Accounts from incomplete records
✓

Answer

Correct option: D.
Accounts from incomplete records
(d) Accounts from incomplete records
Explanation:
every transaction in single entry system has only one effect. only pesonal and real account are there in single entry system. nominal account is not there.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Model Paper 1→Model Paper 1 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Rent paid on $1^{st}$ October, $2015$ for one year upto $30^{th}$ September, $2016$ was $₹ 2,400$. Rent paid on $1^{st}$ October, $2016$ for the year upto $30^{th}$ September, $2017$ was $₹ 3,200$. Rent shown in the Profit and Loss Account for the year ended on $31^{st}$ December, $2016$, would be:
→
For creating a company we use:
→
Generally accounts under single entry sytem are maintained by :
→
A new firm commenced business on $1^{st}$ January, $2017$ and purchased goods costing $₹ 90,000$ during the year. A sum of $₹ 6,000$ was spent on freight inward. At the end of the year the cost of goods still unsold was $₹ 15,000 ($Realisable Value $₹ 12,000).$ Sales during the year was $₹ 1,20,000.$ What is the gross profit earned by the firm?
→
Bad Debts is a:
→
Journal Proper records transactions of:
→
Depreciation is a:
→
Trade receivables does not include $.........$
→
Generally accounts under single entry system are maintained by:
→
Wages and salary is shown in $......$
→