DOE ONLINE CLASSES TEST ON CHAPTER-2 FOR CLASS XI

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This form is based on the learning through online classes on the topic of Basic Accounting terms organised by DOE, GNCT of Delhi

Prepared by Anita kardam (SOE, dwarka sector-22) with the help of Team members Ms. Neelam Sharma, Mr. Arun Sethi, Mr. Mukesh Sharma, Mr. Tarun Mittal, Mr. Puneet Gola & Mr. Shivam Kumar

e-mail Id *

Name of the Student *

school name *

School Id *

1.Goods means …. *

1 point

a) Commodity to be bought and sold

b) Commodity to be bought but not to be sold

c) Commodity to be used as an asset

d) all of the above.

2. The term ' Purchase' will be referred here to_________ *

1 point

a) Stationery for office use

b) Assets for the Factory

c) Goods for Resale

d) Investment

3. The term Sales is used only for the sales of ______and never used for the sale of ______. *

1 point

a) Assets , Investments

b) Assets, Goods

c) Intangible Assets, Goods

d) Goods, Assets

4. Any expenditure, the full benefit of which is received during one accounting period is termed as : *

1 point

a) Current Liability

b) Current Asset

c) Capital Expenditure

d) Revenue expenditure

5.A manufacturer of air conditioners sold air conditioners to Gopal , the list price was Rs 6,00,000. It was provided at 10% discount . State the type of discount . *

1 point

a) Cash Discount

b)Trade Discount

c)seasonal discount

c)None of the above

6. Returned goods to Vishesh of the list price of Rs 1000. this transaction is example of ___________ *

1 point

a)Return outward

b)Return Inward

c) Sales

d) purchase

7. Binod who owed us Rs 15,000 is declared insolvent and 65 Paisa in a Rupee is received as final amount from his estate . What is the amount of Bad debt? *

1 point

a)5,250

b)9,750

c)15,000

d) None of the above

8. Income = Expenses- Revenue . Is this equation is true or false? *

1 point

True

False

cant say

9. cash memo is an example of ____________ *

1 point

a)Receipt

b) purchase slip

c) Voucher

d) None of the above

10. A liability arises because of ___________ *

1 point

a) Cash Transactions

b) Credit Transactions

C)cash as well as credit transactions

d)None of the above

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