New ! Accountancy MCQ Practise Tests

Model 3 Mark Creative Questions (New Syllabus) 2020

12th Standard

    Reg.No. :


Time : 00:30:00 Hrs
Total Marks : 24

    Part A

    8 x 3 = 24
  1. Which values are affected, when accounts are maintained on single entry system basis.

  2. Yuvan foundation is formed to educate and to provide jobs to unemployed women. Identify the values involved.

  3. The firm of A and B earned a profit of Rs.2,75,000 during the year ending on 31st March, 2015. They have decided to donate 10% of this profit to an NGO working for senior citizens. Pass necessary journal entry for the distribution of profits. Identify the values shown by the firm in donating a part of profit of NGO.

  4. How is goodwill calculated under the weighted average profit method?

  5. Write a short note on
    (i) Public issue
    (ii) Private placement

  6. What are the objectives of financial statement analysis?

  7. What is functional classifications of rational analysis? and types of functional classification.

  8. Write the values which can be associated with a company which carries ratio analysis on its financial statements.


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