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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 - Part Two
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.
If the old profit sharing ratio is more than the new profit sharing ratio of a partner, the difference is called
Capital ratio
Sacrificing ratio
Gaining ratio
None of these
2.
On revaluation, the increase in liabilities leads to
Gain
Loss
Profit
None of these
3.
The financial statements do not exhibit
Non-monetary data
Past data
Short term data
Long term data
4.
After the forfeited shares are reissued, the balance in the forfeited shares account should be transferred to
General reserve account
Capital reserve account
Securities premium account
Surplus account
5.
Debt equity ratio is a measure of
Short term solvency
Long term solvency
Profitability
Efficiency
6.
What are the predefined Ledger(s) in Tally?
(i) Cash
(ii) Profit & Loss A/c
(iii) Capital A/c
Only (i)
Only (ii)
Both (i) and (ii)
Both (ii) and (iii)
7.
8.
Which of the following is shown in Profit and loss appropriation account?
Office expenses
Salary of staff
Partners’ salary
Interest on bank loan
9.
10.
1.
(b)
Sacrificing ratio
2.
(b)
Loss
3.
(a)
Non-monetary data
4.
(b)
Capital reserve account
5.
(b)
Long term solvency
6.
(c)
Both (i) and (ii)
7.
(c)
8.
(c)
Partners’ salary
9.
(a)
10.
(c)
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Tamilnadu Stateboard 12th Standard Subjects

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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