Introduction to Accounting Class 11 MCQ: Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 1 Introduction to Accounting with Answers Pdf free download. Introduction to Accounting Class 11 MCQ  Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Introduction to Accounting Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.

Introduction to Accounting Class 11 MCQ

1. Bookkeeping is ______.
(a) An art
(b) A science
(c) Both an art as well as science
(d) None of these

2. _____ is the last step of accounting as a process of information.
(a) Recording of data in the books of accounts
(b) Preparations of summaries in the form of financial statement
(c) Communication of information
(d) Analysis and interpretation of information

3. The person, firm, or institution who does not pay the price in cash for the goods purchased or the services received is called ______.
(a) Creditor
(b) Proprietor
(c) Debtor
(d) None of these

4. Use of a common unit of measurement and common format of reporting promotes _____.
(a) Comparability
(b) Understandability
(c) Relevance
(d) Reliability

5. Cash, goods, or assets invested by the proprietor in the business for earning profit is called ______.
(a) Profit
(b) Capital
(c) Fixed assets
(d) None of these

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By Team Learning Mantras