mpbse.nic.in : Class XI Book-keeping & Accountancy Question Bank Madhya Pradesh Board of Secondary Education

Name of the Board : Madhya Pradesh Board of Secondary Education
Name of the Exam : Class XI
Subject : Book-keeping & Accountancy
Document Type : Question Bank
Website : mpbse.nic.in

Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/mpbse.nic.in/7019-Account11th-Fnl.pdf

MPBSE Book-keeping & Accountancy Sample Paper

Objective Type Questions :
Following Statements are true or false:
(i) Preparation of Final Accounts falls in Book-keeping
(ii) Book-keeping came into existence in Italy.

Related : Madhya Pradesh Board of Secondary Education Class XI Business Studies Question Bank : www.pdfquestion.in/7018.html

(iii) Writing of ledger falls in Book-keeping.
(iv) Book keeping is science and Art.

Fill up the gaps :
(i) Book-keeping is science and ………………
(ii) Book-keeping came into existence in Italy in ……………..
(iii) Preparation of Final Account falls in ………….
(iv) Writing in journal falls in ………….

Answer the following in ‘Yes’ or ‘No’ :
(i) Book-keeping came into existence in America.
(ii) Book-keeping came into existence in China.
(iii) Book-keeping is first stage of Accountancy.
(iv) Book-keeping came into existence in Germany.

Short Answer Questions : 4 marks
What is the meaning of Book-keeping and Accountancy?
What is the difference between Book-keeping and Accountancy?
Write the objects of Book-keeping and Accountancy.
Write four advantage of Book- keeping and Accountancy.
Write history of Book-keeping and Accountancy.
Is Accounting art or Science ? Explain.
Explain the following in brief
(1) Capital (2) Assets
Explain the following in brief
(1) Liabilities (2) Goods
Describe the different system of Accounting.
Explain the qualitative characteristics of Accounting information.

Accounting- Basic Assumption & Principle

There are two parties in each transaction.
Money measurement concept is policy of production.
Capital = Assets – Liabilities .
Assets = Liabilities + capital

Short Answer Question : 4 Marks
Explam the Accounting Entity Assumptions.
What do you understand by Going Concern Assumiption?
What is Money Measurement Assumption? Explain.
Write the importance of Accounting period Assumption.
When should the Revenue be recognized? Explain with example.
What is the meaning of Basic Assumptions of Accounting?
Write four names of Basic Assumptions of Accounting.
What is Accounting Principle?
What is meant by Modified Principle of Accounting?
What is the meaning of Going Concem Assumption?
What do you understand by Money Measurement Assumption?
What do you understand by Accounting Principles.
Explain Accounting Principles.

Business Transaction

Double Entry system was introduced in:
(a) America (b) Italy (c) Russia (d) India
Capital Account is:
(a) Personal Account (b) Real Account
(c) Nominal Account (d) Personal & Real Account

Fill up the gaps in the following:
(i) Debit the Account of ……… and credit the Account of ……..(Personal Account)
(ii) ……………. expenses and …………. gains. (Nominal Account)
(iii) Lift side of an account is …….. and right side is ……….
(1) Meaning double Entry is:
(a) Entry in two Bahies (b) Entriy in two dates
(c) Entry in two parties of the same transaction.
(d) None of the above
(2) Goods sold to Ram for Cash in whose account will it be recorded?
(a) In the account of Ram (b) In the account of cash
(c) In the account of sales. (d) None of the above

Establishment expenses of new machine will be debited in :
(a) Expenses account (b) Machine account
(c) Profit and Loss Account (d) Trading Acount

Which of the following are nominal account?
(a) Interest account, (b) Outstanding interest account
(c) Earned interest account (d) Prepaid interest account.

Answer in ‘Yes’ or ‘No’
(a) There is only one aspect in each transaction.
(b) Every debit has a corresponding credit.
(c) Losses are debited.
(d) Rend account is real account.

Short Answer Questions 4 marks :
1. Write the types of accounts
2. Explain personal account with examples.
3. Write the meaning and types of discount.
4. Write the characteristics of double entry system.
5. Write main stages or part of double entry system.
6. What do you understand by double entry system? Explain.
7. Write the rule for recording of transaction in personal account.
8. Write the rule for recording in real account.
9. Explain in the Double Entry System of Book-keeping and Accountancy.
10. “There should an equal credit for every debit and an aqual debit for every credit.” In the light of this statement explain the chief characteristics of Double Entry System of book-keeping.