Q. The art of recording all business transactions in a systematic manner in a set of books is called-
✅ Correct Answer: (B)
Book – keeping
Introduction to Accounting MCQs with answers
Dear candidates you will find MCQ questions of 11th Class - Accountancy | Chapter: Introduction to Accounting here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
All subjects and chapters of 11th Class are listed below. You can select any subject and chapter below to learn mcq questions of that chapter and subject.
Q. The process of recording, classifying and summarizing all business transactions in order to know the financial result is called –
✅ Correct Answer: (B)
Accounting
Q. Cash, goods or assets invested by the proprietor in the business for earning profit is called-
✅ Correct Answer: (A)
Capital
Q. The person, firm or institution who does not pay the price in cash for the goods purchased or the services received is called-
✅ Correct Answer: (C)
Debtor
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