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

Theory Base of Accounting Class 11 MCQ

1. During the lifetime of an entity accounting produce financial statements in accordance with which basic accounting concept _____.
(a) Conservation
(b) Matching
(c) Accounting period
(d) None of the above

2. A concept that a business enterprise will not be sold or liquidated in the near future is known as _____.
(a) Going concern
(b) Economic entity
(c) Monetary unit
(d) None of the above

3. The primary qualities that make accounting information useful for decision-making are _____.
(a) Relevance and freedom from bias
(b) Reliability and comparability
(c) Comparability and consistency
(d) None of the above

4. Generally the duration of an Accounting period is of _____.
(a) 6 months
(b) 3 months
(c) 12 months
(d) 1 month

5. Meaning of credibility of going concern is _____.
(a) Closing of business
(b) Opening of business
(c) Continuing of business
(d) None of these

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By Team Learning Mantras