Check how ready you are with our Class 11 Accountancy online mock tests, made for the CBSE 2026-27 session. These free tests give you your score right after you submit, so you know exactly where you stand in Accountancy.
Chapter-wise Online Tests for Class 11 Accountancy
Each test below covers one Accountancy chapter from the Class 11 book. Our teachers built these to match the CBSE 2026-27 marking scheme closely. Click a chapter to start - there's no login, and you can try a test as many times as you want.
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Class 11 Accountancy: Concept Navigators & Chapter Diagnostic Tests Select any chapter below to use real-time bookkeeping solvers and solve high-yield CBSE diagnostic questions with verified explanations. Interactive Concept Tool: Bookkeeping vs. Accounting Scope Sorter Q1.Which of the following is NOT an internal or external user of accounting information? Answer: (d) Unemployed individual with no business relationship. Accounting information is targeted at stakeholders who have a present or potential financial interest in the enterprise.
Q2.What is the primary objective of accounting? Answer: (b) To keep systematic records and ascertain financial performance/position. Accounting systematically tracks business transactions to evaluate net profit/loss and financial standing.
Q3.Bookkeeping primarily involves which two steps of the accounting cycle? Answer: (a) Identifying financial transactions and recording them in books. Bookkeeping is routine record-keeping, whereas accounting extends into summarizing, analysis, and interpretation.
Interactive Concept Tool: GAAP Principle Matching Sorter Q1.According to which accounting concept, quality of management or a dispute between partners is not recorded in the books? Answer: (c) Money Measurement Concept. Only transactions and events capable of being measured in monetary units are recorded in financial accounting books.
Q2.Closing stock is valued at lower of Cost Price or Net Realizable Value (Market Value). This practice is based on: Answer: (b) Conservatism / Prudence Concept. Prudence dictates anticipating no profits but providing for all possible anticipated losses.
Q3.What is the core accounting equation underlying double-entry bookkeeping? Answer: (a) Assets = Liabilities + Capital (Owner's Equity). Every business transaction preserves this fundamental balance equation.
Interactive Concept Tool: Golden Rules of Accounting Validator Q1.Goods given away as charity should be credited to: Answer: (b) Purchases Account. When goods are distributed free as charity or samples, they reduce actual stock purchased, so Purchases Account is credited at cost price.
Q2.What is the journal entry for withdrawal of cash by the proprietor for personal use? Answer: (a) Drawings A/c Dr. → To Cash A/c. Personal withdrawals are debited to Drawings Account and reduce the cash balance going out of the business.
Q3.Trade discount allowed at the time of purchase is: Answer: (c) Deducted directly from invoice amount and never recorded in books separately. Trade discount is a price reduction allowance; entries are passed only on net invoice value.
Interactive Concept Tool: Subsidiary Book Selection Sorter Q1.Which book is used to record all credit purchases of goods dealt in by the firm? Answer: (b) Purchase Book (Purchase Day Book). Credit purchase of trading merchandise is entered exclusively in the Purchase Book. Cash purchases go into the Cash Book.
Q2.Contra entry in a Double-Column Cash Book involves which accounts? Answer: (a) Cash Account and Bank Account. Contra entries (denoted by 'C') occur when cash is deposited into bank or withdrawn from bank, affecting both columns on opposite sides of the Cash Book.
Q3.What is the ledger balancing rule for an asset account with a debit balance? Answer: (c) Balance is written on the Credit side as 'By Balance c/d' to make totals equal. If debit side exceeds credit side, the shortfall is entered on the credit side as 'By Balance c/d' and brought down as opening debit balance.
Interactive Concept Tool: BRS Balance Adjuster Calculator Q1.When preparing a Bank Reconciliation Statement starting with Debit Balance as per Cash Book, a cheque issued but not yet presented for payment is: Answer: (a) Added. Issuing a cheque immediately reduces the cash book balance, but since the bank hasn't paid it yet, pass book balance is higher. To reconcile, we add it back.
Q2.Bank Reconciliation Statement is prepared by: Answer: (c) The Account-holder / Business entity. BRS is an internal statement prepared by the business to reconcile differences between its Cash Book bank column and the Bank Pass Book.
Q3.Direct deposit by a customer into the bank account results in: Answer: (b) Higher balance in Pass Book than Cash Book (until recorded). The bank records the deposit immediately, but the firm learns of it later, making the pass book show a higher balance initially.
Interactive Concept Tool: Error Rectification Sorter Q1.Which of the following errors is NOT disclosed by the Trial Balance? Answer: (c) Error of Principle (e.g., repairs debited to building asset account). Errors of principle violate accounting rules but maintain debit-credit equality, so the Trial Balance still tallies.
Q2.When a Trial Balance does not agree due to unexplained one-sided errors, the temporary difference is put into: Answer: (a) Suspense Account. To temporarily close the Trial Balance, the difference is placed in a Suspense Account until errors are located and rectified.
Q3.An entry of Rs. 500 received from Ram was posted to the debit of Shyam's account. This is an example of: Answer: (b) Error of Commission. Posting to a wrong personal account or wrong side due to clerical oversight is classified as an error of commission.
Interactive Concept Tool: SLM vs. WDV Depreciation Calculator Q1.What causes depreciation on fixed assets? Answer: (d) Wear and tear, efflux of time, and obsolescence. Depreciation is the permanent, gradual decrease in book value of fixed assets due to usage, passage of time, or technological obsolescence.
Q2.Provision for Doubtful Debts is created against profits to comply with which accounting principle? Answer: (a) Prudence (Conservatism) Principle. Anticipating possible future bad debts from trade debtors requires creating a provision out of current profits.
Q3.Under Straight Line Method (SLM), the amount of annual depreciation: Answer: (b) Remains constant year after year. SLM calculates depreciation as a fixed percentage on the original cost of the asset throughout its useful life.
Interactive Concept Tool: Bill Maturity & Discounting Sorter Q1.How many days of grace are legally added to the nominal due date of a Usance Bill of Exchange? Answer: (c) 3 Days. As per the Negotiable Instruments Act, three days of grace are statutorily added to calculate the exact maturity date.
Q2.When a bill is endorsed to a creditor, who debits the Bills Receivable Account initially? Answer: (a) Drawer (Creditor of the bill). The drawer receives the acceptance and records it as Bills Receivable (Asset).
Q3.What is Noting Charges paid on dishonor of a bill? Answer: (b) Recoverable from the drawee as expenses incurred due to default. Noting charges paid to the notary public are ultimately debited to the defaulting drawee's account.
Interactive Concept Tool: Cost of Goods Sold (COGS) Calculator Q1.Direct expenses like wages and freight inwards are debited to: Answer: (a) Trading Account. Trading Account records direct manufacturing or trading expenses to ascertain Gross Profit or Gross Loss.
Q2.Operating expenses such as office salaries, rent, and advertising are debited to: Answer: (b) Profit and Loss Account. Indirect expenses incurred for office administration, selling, and distribution are charged to the Profit and Loss Account to determine Net Profit.
Q3.If Closing Stock appears inside the Trial Balance, where is it recorded in final accounts? Answer: (c) Balance Sheet Asset side only. Items inside the Trial Balance have been single-posted already; closing stock inside the trial balance appears solely as a Current Asset in the Balance Sheet.
Interactive Concept Tool: Adjustment Treatment Sorter Q1.Outstanding salary at the end of the accounting year is treated in final accounts by: Answer: (a) Adding to Salary in P&L Account and showing as Current Liability in Balance Sheet. Accrual concept requires including expenses relating to the current period whether paid or unpaid.
Q2.If Manager is entitled to a commission of 10% on Net Profit before charging such commission, and net profit before commission is Rs. 55,000, the commission amount is: Answer: (b) Rs. 5,500. Commission before charging = Net Profit × (Rate / 100) = 55,000 × (10 / 100) = Rs. 5,500.
Q3.Prepaid rent appears as an adjustment outside Trial Balance. How is it presented? Answer: (c) Deducted from Rent in P&L Account and shown as Current Asset in Balance Sheet. Advance payments pertain to future periods, so they are subtracted from current expenses and treated as economic assets.
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FAQs
You can start the latest Accountancy mock tests for Class 11 by selecting your chapter from the links above. These tests are free, dont need login and are optimized for the 2026-27 academic session.
Yes, our Accountancy online tests are strictly as per the latest CBSE pattern with 20% MCQ weightage and main focus on competency-based and case-study questions.
After submitting your Class 11 Accountancy test, you can see score report and correct/incorrect answers.
There are no limits. You can re-attempt any Accountancy online test as many times for free, master concepts, improve your speed and accuracy.
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Online tests help Class 11 students build confidence and time management. By solving above tests MCQs you can apply theoretical knowledge which is important for 2026-27 exams.
