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Important Questions

Theory Base of Accounting

Bihar Board · Class 11 · Accountancy

Most important questions from Theory Base of Accounting for Bihar Board Class 11 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.

61 questions22 flashcards5 concepts

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61 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice

Which concept requires that expenses incurred in an accounting period should be matched with revenues during that same period?

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Matching Concept

The Matching Concept ensures that expenses are recognized in the same period as the revenues they help generate.

2multiple choice

What does the Money Measurement Concept state about recording transactions?

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Record only transactions that can be expressed in monetary terms

The Money Measurement Concept requires that only transactions which can be expressed in monetary terms are recorded in accounting books.

3multiple choice

Which accounting concept requires that profits should not be overstated and all potential losses should be provided for?

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Conservatism Concept

The Conservatism Concept (Prudence) ensures that potential losses are recognized while potential gains are not recorded until realized.

4multiple choice

What does the Dual Aspect Concept state about business transactions?

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Every transaction has a two-fold effect

The Dual Aspect Concept states that every transaction affects at least two accounts, maintaining the accounting equation Assets = Liabilities + Capital.

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Frequently Asked Questions

What are the important topics in Theory Base of Accounting for Bihar Board Class 11 Accountancy?
Theory Base of Accounting covers several key topics that are frequently asked in Bihar Board Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Theory Base of Accounting — Bihar Board Class 11 Accountancy?
Understand the core concepts first, then work through the 61 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Theory Base of Accounting?
There are 61 practice questions available for Theory Base of Accounting. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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