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Published on: 06/11/2020
12th Standard Accounts English Medium Free Online Test Book Back One Mark Questions
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.
Revaluation A/c is a
Real A/c
Nominal A/c
Personal A/c
Impersonal A/c
2.
A partner retires from the partnership firm on 30th June. He is liable for all the acts of the firm up to the
End of the current accounting period
End of the previous accounting period
Date of his retirement
Date of his final settlement
3.
Which of the following statements is not true?
Notes and schedules also form part of financial statements
The tools of financial statement analysis include common-size statement
Trend analysis refers to the study of movement of figures for one year
The common–size statements show the relationship of various items with somecommon base, expressed as percentage of the common base
4.
A preference share is one
(i) which carries preferential right with respect to payment of dividend at fixed rate
(ii) which carries preferential right with respect to repayment of capital on winding up
Only (i) is correct
Only (ii) is correct
Both (i) and (ii) are correct
Both (i) and (ii) are incorrect
5.
The mathematical expression that provides a measure of the relationship between two figures is called
Conclusion
Ratio
Model
Decision
6.
7.
Which of the following statements is true?
Goodwill is an intangible asset
Goodwill is a current asset
Goodwill is a fictitious asset
Goodwill cannot be acquired
8.
In the absence of a partnership deed, profits of the firm will be shared by the partners in
Equal ratio
Capital ratio
Both (a) and (b)
None of these
9.
Receipts and payments account is a
Nominal A/c
Real A/c
Personal A/c
Representative personal account
10.
Incomplete records are generally maintained by
A company
Government
Small sized sole trader business
Multinational enterprises
1.
(b)
Nominal A/c
2.
(c)
Date of his retirement
3.
(c)
Trend analysis refers to the study of movement of figures for one year
4.
(c)
Both (i) and (ii) are correct
5.
(b)
Ratio
6.
(b)
7.
(a)
Goodwill is an intangible asset
8.
(a)
Equal ratio
9.
(b)
Real A/c
10.
(c)
Small sized sole trader business
12th Standard Syllabus & Materials
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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
Tamilnadu Stateboard Standards
