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Published on: 06/11/2020
12th Standard Accounts English Medium Free Online Test Book Back One Mark Questions - 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.
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1.
The profit or loss on revaluation of assets and liabilities is transferred to the capital account of
The old partners
The new partner
All the partners
The Sacrificing partners
2.
On retirement of a partner, general reserve is transferred to the
Capital account of all the partners
Revaluation account
Capital account of the continuing partners
Memorandum revaluation account
3.
Which of the following tools of financial statement analysis is suitable when data relating to several years are to be analysed?
Cash flow statement
Common size statement
Comparative statement
Trend analysis
4.
5.
Current assets excluding inventory and prepaid expenses is called
Reserves
Tangible assets
Funds
Quick assets
6.
Which submenu displays groups, ledgers and voucher types in Tally?
Inventory vouchers
Accounting vouchers
Company Info
Account Info
7.
8.
9.
Balance of receipts and payments account indicates the
Loss incurred during the period
Excess of income over expenditure of the period
Total cash payments during the period
Cash and bank balance as on the date
10.
Opening statement of affairs is usually prepared to find out the
Capital in the beginning of the year
Capital at the end of the year
Profit made during the year
Loss occurred during the year
1.
(a)
The old partners
2.
(a)
Capital account of all the partners
3.
(d)
Trend analysis
4.
(d)
5.
(d)
Quick assets
6.
(d)
Account Info
7.
(b)
8.
(d)
9.
(d)
Cash and bank balance as on the date
10.
(a)
Capital in the beginning of the year
12th Standard Syllabus & Materials
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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