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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 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 method wherein omitted information is determined in the first place and by using this information net income or net loss is ascertained is known as __________
Nominal method
Cash method
Conversion method
Net profit method
2.
The minimum share Application money is _______________
5% of the face value of shares
10% of the issue price of shares
Rs.1 per share
15% of the face value of shares
3.
Cost of goods sold is Rs.4,00,000 and average stock is Rs.8,00,00. Stock turnover ratio will be ___________
5 times
4 times
7 times
8 time
4.
The capital of a company is divided into small units of ________
current amount
fixed amount
capital amount
none of these
5.
Interest on capital is to be calculated on the capitals at the beginning for the ____________
particular period
relevant period
average period
all of these
6.
On admission of a partner if goodwill account is to be raised this should be debited to __________
Partner's capital account
Partner's capital account
Revaluation account
None of these
7.
The capital of a business is ascertained by preparing _________
Trading account
Statement of profit or loss
Balance sheet
Statement of affairs
8.
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
9.
At the time of retirement of a partner, calculation of new profit ratio is __________
Compulsory
Optional
Necessary
Not necessary
10.
Capital fund also called as ___________
accumulated fund
special fund
donation fund
none of these
1.
(c)
Conversion method
2.
(a)
5% of the face value of shares
3.
(a)
5 times
4.
(b)
fixed amount
5.
(b)
relevant period
6.
(b)
Partner's capital account
7.
(d)
Statement of affairs
8.
(a)
Rs. 1,80,000
9.
(c)
Necessary
10.
(a)
accumulated fund
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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
