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Published on: 06/11/2020
12th Standard Accounts - Accounts From Incomplete Records English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021
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.
A statement of assets and liabilities prepared under the single entry system is called __________
Balance sheet
Financial statement
Cash Statement
Statement of Affairs
2.
In which of the following system of recording the financial statements reflect true and fair view of an entity and accounting records are considered to be more accurate?
Single entry system
Double entry system
Cash based system
All of them
3.
_____ capital can be found by preparing a statement of affairs at the beginning of the year.
Opening capital
Closing capital
Both (a) and (b)
None of these
4.
Incomplete records are those records which are not kept under ____ system
Single entry
Double entry
Book keeping
none of these
5.
Debtors on 1.4.2018 was Rs. 1,00,000 and on 31.3.2019 was Rs. 80,000 cash received from debtors during the year is Rs. 1,60,000. Then the credit sales during the year is ___________
Rs. 3,40,000
Rs. 2,40,000
Rs. 1,40,000
Rs. 1,60,000
6.
The total assets of a proprietor are Rs. 5,00,000. His liabilities Rs. 3,50,000. Then his capital in the business is ____________
Rs. 8,50,000
Rs. 1,50,000
Rs. 3,50,000
Rs. 4,25,000
7.
8.
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
9.
The amount of credit sales can be computed from
Total debtors account
Total creditors account
Bills receivable account
Bills payable account
10.
Statement of affairs is a
Statement of income and expenditure
Statement of assets and liabilities
Summary of cash transactions
Summary of credit transactions
1.
(d)
Statement of Affairs
2.
(b)
Double entry system
3.
(a)
Opening capital
4.
(b)
Double entry
5.
(c)
Rs. 1,40,000
6.
(b)
Rs. 1,50,000
7.
(d)
8.
(d)
Rs. 64,000
9.
(a)
Total debtors account
10.
(b)
Statement of assets and liabilities
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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
French
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