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Published on: 03/06/2021
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.
Which of the following statements is not true in relation to admission of a part _________.
Generally mutual rights of the partners change
The profits and losses of the previous years are distributed to the old partners
The firm is reconstituted under a new agreement
The existing agreement does not come to an end
2.
A, B and C are partners sharing profits in the ratio of 2:2:1. On retirement of B, goodwill of the firm was valued as Rs. 30,000. Find the contribution of A and C to compensate B:
Rs. 20,000 and Rs. 10,000
Rs. 8,000 and Rs. 4,000
Rs. 10,000 and Rs. 20,000
Rs. 15,000 and Rs. 15,000
3.
4.
After the forfeited shares are reissued, the balance in the forfeited shares account should be transferred to
General reserve account
Capital reserve account
Securities premium account
Surplus account
5.
Which one of the following is not correctly matched?
Liquid ratio – Proportion
Gross profit ratio – Percentage
Fixed assets turnover ratio – Percentage
Debt-equity ratio – Proportion
6.
7.
Book profit of 2017 is Rs. 35,000; non-recurring income included in the profit is Rs. 1,000 and abnormal loss charged in the year 2017 was Rs. 2,000, then the adjusted profit is __________
Rs. 36,000
Rs. 35,000
Rs. 38,000
Rs. 34,000
8.
When a partner withdraws regularly a fixed sum of money at the middle of every month, period for which interest is to be calculated on the drawings on an average is
5.5 months
6 months
12 months
6.5 months
9.
Legacy is a
Revenue expenditure
Capital expenditure
Revenue receipt
Capital receipt
10.
Incomplete records are generally maintained by
A company
Government
Small sized sole trader business
Multinational enterprises
1.
(d)
The existing agreement does not come to an end
2.
(b)
Rs. 8,000 and Rs. 4,000
3.
(d)
4.
(b)
Capital reserve account
5.
(c)
Fixed assets turnover ratio – Percentage
6.
(b)
7.
(a)
Rs. 36,000
8.
(b)
6 months
9.
(d)
Capital receipt
10.
(c)
Small sized sole trader business
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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