New ! Accountancy MCQ Practise Tests

Model 2 Mark Creative Questions (New Syllabus) 2020

12th Standard

    Reg.No. :


Time : 01:00:00 Hrs
Total Marks : 24

    Part A

    12 x 2 = 24
  1. Can a limited company maintain its accounts under single entry system?

  2. What are the possible reasons for keeping incomplete records?

  3. Write a note on Donations

  4. Income and expenditure account of a not-for-profit organization is akin to profit and loss account ofa business concern. Explain the statement.

  5. Suresh and Ramesh are partners in a firm with capitals of Rs.3,00,000 and Rs.4,00,000 respectively. The do not have a partnership deed. Ramesh wants to share the profits in the ratio of capitals. State with reason whether the claim is valid

  6. How does the factor's 'quality of product' affect the goodwill of a firm?

  7. Durga and Naresh were partnership in a firm. They wanted to admit five more members in the firm. List any two categories of individuals other than minors who cannot be admitted by them.

  8. For which share of goodwill, a partner is entitled at the time of his retirement?

  9. What is prorata allotment?

  10. What is trend analysis?

  11. What is turnover ratios?

  12. Identify the value, violate by the employee of company? Who uses office computer for chatting on social networking sities?


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