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Published on: 06/11/2020
12th Standard Accounts Admission of a Partner 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.
Goodwill is a(n):
Tangible Fixed Assets
Tangible Current Assets
Intangible Fixed Assets
Intangible Current Assets
2.
When a new partner is admitted under bonus method capital method of the firm increase by __________
the new investment
less than the new investment
Zero
More than the new investment
3.
In partnership accounting, capital accounts are prepared under following method __________
Fluctuating
Fixed
Both (a) & (b)
None of these
4.
The accumulated profits, losses and reserves _________ admission are to be distributed to the existing partners.
After
Before
Later
Future
5.
Undistributed loss will appear on the side of the Balance sheet.
Assets
Liabilities
Both (a) & (b)
None of these
6.
Undistributed profits will appear on the _______ side of the balance sheet
assets
liabilities
both 'a' and 'b'
none of these
7.
Balaji and Kamalesh are partners sharing profits and losses in the ratio of 2:1. They admit Yogesh into partnership. The new profit sharing ratio between Balaji, Kamalesh and Yogesh is agreed to 3:1:1. Find the sacrificing ratio between Balaji and Kamalesh.
1:3
3:1
2:1
1:2
8.
9.
Which of the following statements is not true in relation to admission of a part _________.
Generally mutual rights of the partners change
The profits and losses of the previous years are distributed to the old partners
The firm is reconstituted under a new agreement
The existing agreement does not come to an end
10.
On revaluation, the increase in the value of assets leads to
Gain
Loss
Expense
None of these
1.
(c)
Intangible Fixed Assets
2.
(a)
the new investment
3.
(c)
Both (a) & (b)
4.
(b)
Before
5.
(a)
Assets
6.
(b)
liabilities
7.
(d)
1:2
8.
(c)
9.
(d)
The existing agreement does not come to an end
10.
(a)
Gain
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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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