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Published on: 06/11/2020
12th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key
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.
On revaluation, the increase in the value of assets leads to
Gain
Loss
Expense
None of these
2.
On retirement of a partner from a partnership firm, accumulated profits and losses are distributed to the partners in the
New profit sharing ratio
Old profit sharing ratio
Gaining ratio
Sacrificing ratio
3.
Balance sheet provides information about the financial position of a business concern
Over a period of time
As on a particular date
For a period of time
For the accounting period
4.
That part of share capital which can be called up only on the winding up of a company is called:
Authorised capital
Called up capital
Capital reserve
Reserve capital
5.
Current ratio indicates
Ability to meet short term obligations
Efficiency of management
Profitability
Long term solvency
6.
Function key F11 is used for
Company Features
Accounting vouchers
Company Configuration
None of these
7.
Super profit is the difference between
Capital employed and average profit
Assets and liabilities
Average profit and normal profit
Current year’s profit and average profit
8.
In the absence of an agreement among the partners, interest on capital is
Not allowed
Allowed at bank rate
Allowed @ 5% per annum
Allowed @ 6% per annum
9.
Receipts and payments account records receipts and payments of
Revenue nature only
Capital nature only
Both revenue and capital nature
None of the above
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.
(a)
Gain
2.
(b)
Old profit sharing ratio
3.
(b)
As on a particular date
4.
(d)
Reserve capital
5.
(a)
Ability to meet short term obligations
6.
(a)
Company Features
7.
(c)
Average profit and normal profit
8.
(a)
Not allowed
9.
(c)
Both revenue and capital nature
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
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