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Published on: 06/11/2020
12th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Five
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 adjusted closing capital is more than the opening capital, it denotes ____________
Profit
Loss
Opening Capital
Expenses
2.
Equity shares are also known as
authorised capital
issued capital
subscribed capital
ordinary shares
3.
________ is computed at the time of admission of a new partner.
Gaining ratio
Capital ratio
Sacrificing ratio
New ratio
4.
_________maybe dissolved at any time by a partner serving notice on the other partners
Partnership at deed
Dissolution of partnership
Partnership at will
All of the above
5.
All the transactions between the partner and the firm are recorded in the _________
capital account
drawings account
profit and loss account
revaluation account
6.
In admission undistributed profit or loss is transferred to _________
New partner's capital A/c only
Old partner's capital A/c only
All the partner's capital accounts
None of these
7.
_____ maintains only personal and cash accounts.
Single entry system
Double entry system
Both (a) and (b)
None of these
8.
Self- generated goodwill should not be shown in the ______________
journal
ledger
balance sheet
books of accounts
9.
_______is prepared to find out the surplus or deficit pertaining to a particular year.
Income and Expenditure account
Receipts and Payment account
Trading and Profit and loss account
Balance sheet
10.
Rent expenses of a non-profit organization paid in advance. Which of the following is the correct classification of rent _________
Expense
Liabilities
Equity
Asset
1.
(a)
Profit
2.
(d)
ordinary shares
3.
(c)
Sacrificing ratio
4.
(c)
Partnership at will
5.
(a)
capital account
6.
(b)
Old partner's capital A/c only
7.
(a)
Single entry system
8.
(d)
books of accounts
9.
(a)
Income and Expenditure account
10.
(d)
Asset
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
