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. The sum of Liabilities and Capital is _____.
(a) Expense
(b) Income
(c) Drawings
(d) Assets

2. When information about two different enterprises has been prepared presented in a similar manner, the information exhibits the characteristics of ________.
(a) Verifiability
(b) Relevance
(c) Reliability
(d) None of the above

3. 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

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

5. 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

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