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Published on: 06/11/2020
12th Standard Accounts English Medium Free Online Test Creative 1 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.
Questions + Answers key
Take MCQ Accountancy Test

1.
Partnership is _________ on the retirement or death of a partner
Dissolved
Agreed
Retired
None of these
2.
On admission of a new partner, increase in value of assets is debited to
Asset A/c
Profit & Loss adjustment A/c
Opening Statement of affairs
Cash A/c
3.
Sales Rs.3,50,000, capital employed Rs.1,75,000. Then the capital turnover ratio is _____________
2 Times
3 Times
5 Times
7 Times
4.
All solvency ratios are expressed in term of
Proportion
Time
Money
Percentage
5.
Interpretation of accounts is the ____________
art and science of translating the figures
to know financial strengths and weakness of a business
to know the causes for the prevailing performance of business
all of the above
6.
_____ needed by the company could be raised by inviting the general public to buy shares and invest in the business.
Money
Cash
Capital
None of these
7.
The public issue must be kept open for atleast
3 days
5 days
7 days
10 days
8.
When a fixed amount is withdrawn in the beginning of every month the period calculated for interest on drawings is ____________
\(\frac{11}{24}\)
\(\frac{12}{24}\)
\(\frac{13}{24}\)
\(\frac{10}{24}\)
9.
Closing capital can be found by preparing a statement affairs at the _____ of the year.
opening
end
centre
none of these
10.
Average Capital employed Rs. 4,00,000
| Net profit 2011 | 2,50,000 |
| 2012 | 1,00,00(Loss) |
| 2013 | 4,50,000 |
| N R R | 10% |
Goodwill at 3 years purchase of super profit will be __________
Rs. 1,80,000
Rs. 90,000
Rs. 1,50,000
Rs. 1,20,000
1.
(a)
Dissolved
2.
(a)
Asset A/c
3.
(a)
2 Times
4.
(a)
Proportion
5.
(d)
all of the above
6.
(c)
Capital
7.
(a)
3 days
8.
(c)
\(\frac{13}{24}\)
9.
(b)
end
10.
(a)
Rs. 1,80,000
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