100+ Free Assam HS Skill Subject Accountancy and Auditing Practice Questions

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Key Facts: Assam HS Skill Subject Accountancy and Auditing Exam

Theory & Practical

Assessment format combining written evaluation and hands-on accounting software skills

ASSEB NSQF Curriculum

3 Hours

Duration of the Higher Secondary theory written examination

ASSEB Board Examination Guidelines

30%

Minimum pass percentage required across theory and practical assessments

ASSEB Regulations

100

Curriculum-aligned practice MCQs provided in this OpenExamPrep bank

OpenExamPrep

Assam ASSEB HS Skill Accountancy & Auditing tests Class 11-12 vocational students on financial accounting rules, trial balance, Tally ERP/Prime software operations, audit verification, basic taxation, and workplace communication skills.

Sample Assam HS Skill Subject Accountancy and Auditing Practice Questions

Try these sample questions to test your Assam HS Skill Subject Accountancy and Auditing exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1According to the basic accounting equation, if a business has total assets of ₹5,00,000 and total liabilities of ₹1,50,000, what is the proprietor's capital?

A.₹3,50,000

B.₹6,50,000

C.₹1,50,000

D.₹5,00,000

Explanation: The basic accounting equation states that Assets = Liabilities + Capital. Rearranging the equation gives Capital = Assets - Liabilities = ₹5,00,000 - ₹1,50,000 = ₹3,50,000.

2Which golden rule of accounting applies to Personal Accounts such as Rahul's Account or Bank Account?

A.Debit what comes in, credit what goes out

B.Debit the receiver, credit the giver

C.Debit all expenses and losses, credit all incomes and gains

D.Debit all assets, credit all liabilities

Explanation: The golden rule for Personal Accounts is 'Debit the receiver, credit the giver'. Personal accounts record transactions with persons, firms, or institutions.

3When cash of ₹10,000 is received from a customer, which account is debited under the rules of double entry bookkeeping?

A.Customer Account

B.Sales Account

C.Cash Account

D.Discount Allowed Account

Explanation: Cash Account is a Real Account. Under the rule 'Debit what comes in, credit what goes out', cash coming into the business is debited to the Cash Account.

4According to the Nominal Account rule ('Debit all expenses and losses, credit all incomes and gains'), how should rent paid in cash ₹8,000 be recorded?

A.Debit Cash Account, Credit Rent Account

B.Debit Rent Account, Credit Capital Account

C.Debit Capital Account, Credit Rent Account

D.Debit Rent Account, Credit Cash Account

Explanation: Rent is an expense (Nominal Account), so Rent Account is debited. Cash goes out (Real Account), so Cash Account is credited.

5Which accounting concept requires the proprietor's capital to be shown as a liability on the balance sheet of a business entity?

A.Business Entity Concept

B.Money Measurement Concept

C.Going Concern Concept

D.Dual Aspect Concept

Explanation: The Business Entity Concept treats the business enterprise as a separate legal and financial entity distinct from its owner. Therefore, capital contributed by the owner is treated as an internal liability of the business.

6A firm acquires a piece of office furniture for ₹25,000. Why is the high morale of its workforce not recorded in the financial books?

A.Due to the Historical Cost Concept

B.Due to the Money Measurement Concept

C.Due to the Prudence Concept

D.Due to the Accounting Period Concept

Explanation: The Money Measurement Concept dictates that only facts and transactions capable of being expressed in terms of money are recorded in the accounting records. Workforce morale cannot be quantified in monetary terms.

7Under which accounting concept are assets recorded at acquisition cost less accumulated depreciation rather than their current market liquidation value?

A.Realisation Concept

B.Matching Concept

C.Going Concern Concept

D.Consistency Concept

Explanation: The Going Concern Concept assumes the business will operate indefinitely. Because immediate liquidation is not contemplated, fixed assets are carried at historical cost less depreciation rather than current market or breakup value.

8An internet bill of ₹3,000 for March 2026 is paid in April 2026. Under the Accrual Concept of accounting, in which month's profit and loss statement must this expense be recognized?

A.April 2026

B.Divided equally between March and April 2026

C.In the annual report of the next financial year

D.March 2026

Explanation: The Accrual Concept requires revenues and expenses to be recognized in the period in which they are earned or incurred, regardless of when cash is paid or received. The internet service was consumed in March 2026.

9Creating a Provision for Doubtful Debts against potential uncollectible accounts receivable is based on which accounting principle?

A.Prudence (Conservatism) Principle

B.Materiality Principle

C.Full Disclosure Principle

D.Verifiability Principle

Explanation: The Prudence (Conservatism) Principle mandates that accountants should anticipate no profits, but provide for all possible or anticipated losses. Creating a provision for doubtful debts ensures assets are not overstated.

10Machinery worth ₹1,20,000 is purchased on credit from Assam Industrial Suppliers. What is the correct journal entry in the buyer's books?

A.Debit Purchases A/c ₹1,20,000; Credit Cash A/c ₹1,20,000

B.Debit Machinery A/c ₹1,20,000; Credit Assam Industrial Suppliers A/c ₹1,20,000

C.Debit Assam Industrial Suppliers A/c ₹1,20,000; Credit Machinery A/c ₹1,20,000

D.Debit Machinery A/c ₹1,20,000; Credit Cash A/c ₹1,20,000

Explanation: Purchasing a fixed asset on credit requires debiting the asset account (Machinery A/c) and crediting the supplier's personal account (Assam Industrial Suppliers A/c).

About the Assam HS Skill Subject Accountancy and Auditing Exam

The Assam State School Education Board (ASSEB) Higher Secondary Skill Subject Accountancy and Auditing curriculum covers Double Entry Bookkeeping, Trial Balance, Financial Statements, Computerized Accounting (Tally), Auditing Principles, Vouching, Tax Basics, and Employability Skills for NSQF vocational accounts streams.

Assessment

The ASSEB Higher Secondary Skill Subject Accountancy and Auditing examination consists of a theory paper and practical assessment covering NSQF Accounts Executive and Auditing Assistant syllabus across Class 11 and 12.

Time Limit

3 hours

Passing Score

30% aggregate in theory and practicals

Exam Fee

Standard ASSEB board examination fee (Assam State School Education Board (ASSEB))

Assam HS Skill Subject Accountancy and Auditing Exam Content Outline

20%

Accounting Concepts & Double Entry Bookkeeping

Accounting principles, GAAP, double entry system, journalizing, ledger posting, cash book, and subsidiary books.

20%

Preparation of Financial Statements & Trial Balance

Trial balance preparation, rectification of errors, trading account, profit and loss account, balance sheet, and financial adjustments.

20%

Computerized Accounting & Tally Software

Computerized accounting features, company creation, voucher entry, inventory masters, GST setup, and report generation in Tally.

20%

Auditing Principles & Internal Verification

Auditing objectives, vouching, internal control, internal check, audit program, audit evidence, and auditor duties.

20%

Taxation Basics & Employability Skills

Direct vs indirect taxes, GST fundamentals, income tax basics, PAN/TAN, communication, computer literacy, and workplace ethics.

How to Pass the Assam HS Skill Subject Accountancy and Auditing Exam

What You Need to Know

Passing score: 30% aggregate in theory and practicals
Assessment: The ASSEB Higher Secondary Skill Subject Accountancy and Auditing examination consists of a theory paper and practical assessment covering NSQF Accounts Executive and Auditing Assistant syllabus across Class 11 and 12.
Time limit: 3 hours
Exam fee: Standard ASSEB board examination fee

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

Assam HS Skill Subject Accountancy and Auditing Study Tips from Top Performers

1Master the fundamental accounting rules (Real, Personal, Nominal accounts) and practice journalizing and ledger posting routinely.

2Understand the mechanics of trial balance preparation, debit/credit balances, and common methods for rectifying accounting errors.

3Practice step-by-step navigation in Tally ERP/Prime, including shortcut keys, voucher types (F4-F9), and generating profit & loss and balance sheet reports.

4Learn key auditing terms and procedures such as vouching, internal check, audit working papers, physical verification, and auditor independence.

5Review basic GST concepts (CGST, SGST, IGST), direct vs indirect tax differences, and core employability skills including workplace communication.

Frequently Asked Questions

What is the examination pattern for ASSEB HS Skill Subject Accountancy and Auditing?

The examination comprises a written theory paper (MCQs, short answer questions, practical problems) and a practical assessment testing Tally software operations and bookkeeping.

What core areas are included in the Accountancy and Auditing NSQF syllabus?

The syllabus covers Double Entry Bookkeeping, Financial Statements & Trial Balance, Computerized Accounting using Tally, Auditing Principles & Internal Verification, and Taxation & Employability Skills.

Is practical computer accounting knowledge tested in this subject?

Yes, computerized accounting concepts—including company creation, voucher entry, inventory masters, and GST reports in Tally software—are integral to the curriculum.

What is the passing criteria for this vocational skill examination?

Students must achieve at least 30% aggregate marks across theory and practical assessments as per ASSEB board guidelines.

What official languages are available for this examination in Assam?

The examination is conducted in English and Assamese mediums.

100+ Free Assam HS Skill Subject Accountancy and Auditing Practice Questions

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