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Published on: 02/06/2021
QB365 provides detailed and simple solution for every Book back Questions in class 12 Accountancy Subject. It will helps to get more idea about question pattern in every book back questions with solution.
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.
Show how the following items appear in the income and expenditure account of Sirkazhi Singers Association?
| Rs. | |
|---|---|
| Stock of stationery on 1.4.2018 | 2,600 |
| Purchase of stationery during the year | 6,500 |
| Stock of stationery on 31.3.2018 | 2,200 |
2.
Give four examples for revenue receipts of not–for–profit organisation.
3.
Write a short note on life membership fees.
4.
Compute capital fund of Salem Sports Club as on 1.4.2019.
| Particulars | Rs. | Particulars | Rs. |
|---|---|---|---|
| Sports equipment | 30,000 | Prize fund | 10,000 |
| Computer | 25,000 | Prize fund investments | 10,000 |
| Subscription outstanding for 2018-19 | 5,000 | Cash in hand | 7,000 |
| Subscription received in advance for 2019-20 |
8,000 | Cash at bank | 21,000 |
5.
Compute income from subscription for the year 2018 from the following particulars relating to a club
| Particulars | 1.1.2018 Rs. |
31.12.2018 Rs. |
|---|---|---|
| Outstanding subscription | 3,000 | 5,000 |
| Subscription received in advance | 4,000 | 7,000 |
Subscription received during the year 2018: Rs.45,000.
1.
| Expenditure | Rs | Rs | Income | Rs |
|---|---|---|---|---|
| To statonary | ||||
| Consumed: | ||||
| Opening stock | 2,600 | |||
| Add:Purchase | 6,500 | |||
| 9,100 | ||||
| Less: Closing stock | 2,200 | 6,900 |
2.
i. Subscription
ii. Interest on investment
iii. Interest as fixed deposit
iv. Sale of old sports material
v. Sale of old newspaper.
3.
Life membership fee is accounted as a capital receipt and added to capital fund on the liabilities side of Balance sheet. It is not recurring in nature.
4.
| Liabilities | Rs | Rs | Assets | |
|---|---|---|---|---|
| Capital fund | 80,000 | Sports equipment | 30,000 | |
| (Balancing figure) | Computer | 25,000 | ||
| Subscription received in | Subscription outstanding | 5,000 | ||
| advance | 8,000 | Prize fund investments | 10,000 | |
| Prize fund | 10,000 | Cash in hand | 7,000 | |
| Cash at bank | 21,000 | |||
| 98,000 | 98,000 |
5.
| Particulars | Rs | Rs |
|---|---|---|
| By Subscription | 45,000 | 45,000 |
| Add: Outstanding 31.12.18 | 5,000 | |
| 50,000 | ||
| (-) O/s sub. 1.1.2018 | 3,000 | |
| 47,000 | ||
| (-) Subscription received in advance 31.12.18 | 7,000 | |
| 40,000 | ||
| (+) Sub.Received. Adv. 1.1.2018 | 4,000 | 44,000 |
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Tamilnadu Stateboard 12th Standard Subjects
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Computer Science
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Maths
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History
Accountancy
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