CBES Board Class 11 MCQ Quiz Hub

MCQ for Class 11 Accountancy Set-2

Choose a topic to test your knowledge and improve your CBES Board Class 11 skills

1. Depreciation charged under diminishing method




2. An alternative term used for accumulated depreciation expenses?




3. Which of the following is not a type of reserve




4. Depreciation helps in determining




5. What is the rate of charging depreciation under diminishing method?




6. Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset




7. On dishonor of a discounted bill whom does the bank look for payment




8. The act for signing by the drawer on the book of the instruments for the purpose of transfer




9. Which balance is shown by a B/R Book




10. On whom the trade bill drawn




11. The party who is entitled to receive the cash of a bill receivable is called




12. Discounting Charges =




13. According to Negotiable Instrument Act, 1881, which of the following refers to “an instrument in writing (not being a bank note or a currency note) containing unconditional undertaking, signed by the maker to pay on demand or at a fixed or determinable future time a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument”?




14. If the due date is public holiday what will be the due date of the bill




15. Fee paid in cash to Notary Public is charged by




16. Kamal draws a bill on Sahil for Rs.3000. Kamal endorsed it to Rohan. Rohan endorsed it to Rakesh. The payee of the bill will be




17. Noting charges are paid by the ___ but these are recordable from the ____




18. Person to whom the bill is endorsed called ____




19. What are the parties to a bill of exchange




20. Which bill is not allowed 3 days of grace




21. The purpose of accommodation bill is :




22. It is a period of time after which a bill becomes payable?




23. If the drawer is in need of money and cannot wait till due date and receive the money form bank is called?




24. In case if endorsement of bill the endorser debits?




25. When an acceptor refuses to pay the amount of bill to the holder of bill on its maturity is called?




26. A bill of exchange is an?




27. A person who writes out the order to pay is called?




28. When a drawer discounts the bill, he gets?




29. In case of term bill extra three days are given to acceptor are called?




30. How many parties are involved in case of discounting of bill?




31. Bill of Exchange has parties :




32. The party which is ordered to pay the amount of bill of exchange is called :




33. The party which is entitled to receive the payment of bill of exchange is known as :




34. Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :




35. The promissory note should be signed by




36. On dishonor of a discounted bill who does the bank look for payment?




37. While calculating the due date of the bill, how many days are added to the period of the bill :




38. Encashing the bill before the date of its maturity is called :




39. A bill of exchange renewed generally at the request of




40. A bill of exchange can not be




41. Trading Account discloses-




42. Direct Expenses are entered in:




43. Profit and loss Account discloses:




44. Goodwill is a-




45. Drawing is deducted from:




46. Outstanding Expenses are related to-




47. Prepaid expenses are shown in-




48. Charity of goods is-




49. If a person fails to pay his debt, such amount is considered as-




50. The object of non – trading concerns-