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TN 12th Computer Applications மின் - வணிகம் Sample Question Papers Study Material - QB365 Set A
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Published on: 06/11/2020
12th Standard Accounts English Medium Free Online Test Creative 1 Mark Questions - Part Four
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.
A firm has liabilities is Rs. 50,000 and Capital is Rs. 25,000. Then its assets is ______________
Rs. 1,00,000
Rs. 25,000
Rs. 50,000
Rs. 75,000
2.
Revaluation account is operated to find out gain or loss at the time of ____________
Admission of a partner
Retirement of a partner
Death of a partner
All of these
3.
In the revaluation account a decrease in the value of plant and machinery __________
Debit side
Credit side
Debit side of goodwill A/c
Does not appear at all
4.
| List I | List II | ||
|---|---|---|---|
| (i) | Subscription | 1. | Balls, bats |
| (ii) | Investments | 2. | Time of admission |
| (iii) | Old sports materials | 3. | Receive interest |
| (iv) | Admission fee | 4. | Tennis or billiards |
| (i) | (ii) | (iii) | (iv) |
| 1 | 2 | 3 | 4 |
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
| (i) | (ii) | (iii) | (iv) |
| 2 | 3 | 4 | 1 |
| (i) | (ii) | (iii) | (iv) |
| 2 | 3 | 4 | 1 |
5.
The last installment called __________
first call money
allotment money
application money
final call money
6.
If a firm is maintaining both 'capital accounts' and 'current accounts' of the partners A and B. Additional capital introduced by B will be recorded in _________
B's Current Account
B's Capital Account
A'sCapital Account
A'sCurrent Account
7.
In order to maintain fair dealings, at the time of admission, it is necessary to revalue assets and liabilities of the firm to their _______
Cost price
True value
Selling price
None of these
8.
If it is desired to calculate profit by preparing trading and profit and loss account under single entry then it is called ______ method.
Networth
Statement of affairs
Conversion
None of these
9.
_____ is a statement showing the balances of assets and liabilities on a particular date.
Statement of affairs
Trading account
Profit and loss account
Balance sheet
10.
Super profit is ___________
excess of average profit over normal profit
extra profit earned
average profit earned by similar companies
none of the above
1.
(d)
Rs. 75,000
2.
(d)
All of these
3.
(a)
Debit side
4.
(a)
| (i) | (ii) | (iii) | (iv) |
| 1 | 2 | 3 | 4 |
5.
(d)
final call money
6.
(b)
B's Capital Account
7.
(b)
True value
8.
(c)
Conversion
9.
(a)
Statement of affairs
10.
(a)
excess of average profit over normal profit
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