NCERT Class 11 Chapter 2 Accountancy Theory Base of Accountancy MCQ | Questions & Answers

NCERT Class 11 Chapter 2 Accountancy Theory Base of Accountancy MCQ | Questions & Answers: Go through this article to have direct access to the NCERT Class 11 Chapter 2 Accountancy Theory Base of Accountancy Multiple Choice Questions & Answers Quiz. After submitting the MCQ Online Quiz for Class 11 Accountancy Theory Base of Accountancy, don’t forget to know your final score & grade.

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1. Which of the following categories of information is NOT provided by Financial Accounting?

2. The Trading and Profit and Loss Account is prepared under which attribute of accounting:

3. Identified and measured economic events should be recorded in _________ order.

4. Which of the following statements is correct:

5. IFRS (International Financial reporting standards) are based on:

6. IFRS are:

7. IAS adopted by IASB and still in force are:

8. IASB (International Accounting Standards Board) upon coming into existence has adopted:

9. A liability arises because of:

10. Which one of the following statement is correct?