12th Standard Syllabus & Materials
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Published on: 13/05/2022
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.
latest Book back QuestionsDownload 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.
Pick the odd one out
Partners share profits and losses equally
Interest on partners capital is allowed at 7% per annum
No salary or remuneration is allowed to partners
Interest on loan from partners is allowed at 6% per annum
2.
Which of the following is the incorrect pair?
Interest on drawings – Debited to capital accouunt
Interest on capital - Credited to capital account
Interest on loan - Debited to capital account
Share of profit - Credited to capital account
3.
When fixed capital method is adopted by a partnership firm, which of the following items will appear in capital account?
Additional capital introduced
Interest on capital
Interest on drawings
Share of profit
4.
5.
In the absence of a partnership deed, profits of the firm will be shared by the partners in
Equal ratio
Capital ratio
Both (a) and (b)
None of these
1.
(b)
Interest on partners capital is allowed at 7% per annum
2.
(c)
Interest on loan - Debited to capital account
3.
(a)
Additional capital introduced
4.
(d)
5.
(a)
Equal ratio
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Tamilnadu Stateboard 12th Standard Subjects
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Business Maths and Statistics
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Computer Applications
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Computer Technology
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Computer Science
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