NCERT Class 11 Chapter 10 Accountancy Financial Statement 2 MCQ | Questions & Answers

NCERT Class 11 Chapter 10 Accountancy Financial Statement 2 MCQ | Questions & Answers: Greetings to you! Here we have come up with another MCQ Quiz which is NCERT Class 11 Chapter 10 Accountancy Financial Statement 2 MCQ Quiz. We hope that this will help you to know how much knowledge you have in the particular area of interest. Good luck!

 0%

Page 1 of 3

1. Every adjusting entry affects?

2. Which of the following item provides the important function of shielding part of income from taxes?

3. Outstanding expenses are those expenses which have became _____ during the accounting year

4. Depreciation is necessary to calculate:

5. Prepaid expenses are also called:

6. HDFC bank has been named among 50 most valuable banks in 2014. It has got 45th rank. Wells Fargo & Co. has got first rank in this list. This bank belongs to which country?

7. Adjusting Entries?

8. A liability account that reports amounts received in advance of providing goods and services?

9. The person to whom goods are sold on credit is called___________?"

10. The adjustment to be made for income received in advance is: