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Published on: 30/08/2022
QB365 provides a detailed and simple solution for every Possible Book Back Questions in Class 12 Accountancy Subject - Accounts From Incomplete Records, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Accountancy Test
1.
2.
When capital in the beginning is Rs. 10,000, drawings during the year is Rs. 6,000, profit made during the year is Rs. 2,000 and the additional capital introduced is 3,000, find out the amount of capital at the end
Rs. 9,000
Rs. 11,000
Rs. 21,000
Rs. 3,000
3.
What is the amount of capital of the proprietor, if his assets are Rs. 85,000 and liabilities are Rs. 21,000?
Rs. 85,000
Rs. 1,06,000
Rs. 21,000
Rs. 64,000
4.
Which one of the following statements is not true in relation to incomplete records?
It is an unscientific method of recording transactions
Records are maintained only for cash and personal accounts
It is suitable for all types of organisations
Tax authorities do not accept
5.
The amount of credit sales can be computed from
Total debtors account
Total creditors account
Bills receivable account
Bills payable account
6.
Which of the following items relating to bills payable is transferred to total creditors account?
Opening balance of bills payable
Closing balance of bills payable
Bills payable accepted during the year
Cash paid for bills payable
7.
8.
Opening statement of affairs is usually prepared to find out the
Capital in the beginning of the year
Capital at the end of the year
Profit made during the year
Loss occurred during the year
9.
Statement of affairs is a
Statement of income and expenditure
Statement of assets and liabilities
Summary of cash transactions
Summary of credit transactions
10.
Incomplete records are generally maintained by
A company
Government
Small sized sole trader business
Multinational enterprises
1.
(d)
2.
(a)
Rs. 9,000
3.
(d)
Rs. 64,000
4.
(c)
It is suitable for all types of organisations
5.
(a)
Total debtors account
6.
(c)
Bills payable accepted during the year
7.
(c)
8.
(a)
Capital in the beginning of the year
9.
(b)
Statement of assets and liabilities
10.
(c)
Small sized sole trader business
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Tamilnadu Stateboard 12th Standard Subjects
Maths
Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
English
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Tamilnadu Stateboard Standards
