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Published on: 22/06/2021
QB365 provides detailed and simple solution for every
Creative Questions in class 12 Accountancy Subject. It will helps to get more idea about question pattern in
every Creative 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.
________ of partner will be paid off, before the settlement of partner’s capital.
Capital
Loan
Asset
None of these
2.
Calculate the amount of net income or loss if the capital has been increased by Rs. 1,000 during this accounting period drawings Rs. 5,000 and Rs. 1,000 fresh capital was introduced in the business _______
Rs. 5,000 net loss
Rs. 5,000 net profit
Rs. 6,000 net loss
Rs. 6,000 net profit
3.
_________________ are those assets which are easily convertible into cash.
Current assets
fictitious assets
Liquid assets
Fixed assets
4.
The amount of one call should not be more than _____ of the face value of the share.
25%
50%
75%
100%
5.
_______________ refers to the study of movement of figures over a period.
Comparative statement
Common -size statement
Trend analysis
Funds flow analysis.
6.
___________ is a document in writing that contains the terms of the agreement among the partners.
Partnership deed
Partnership at will
Both 'a' and 'b'
None of these
7.
________ is computed at the time of admission of a new partner.
Gaining ratio
Capital ratio
Sacrificing ratio
New ratio
8.
Average profit is 19,167 and normal profit is 10,000 the super profit is_________.
Rs. 9,167
Rs. 29,167
Rs. 9,167
Rs. 10,000
9.
If the goodwill account is raised for 50,000, the amount is debited to ____________
The capital accounts of partners
Goodwill account
Cash account
Loan account
10.
_______Items will be recorded in the balance sheet
Revenue
Capital
Expense
None of these
1.
(b)
Loan
2.
(b)
Rs. 5,000 net profit
3.
(a)
Current assets
4.
(a)
25%
5.
(c)
Trend analysis
6.
(a)
Partnership deed
7.
(c)
Sacrificing ratio
8.
(a)
Rs. 9,167
9.
(b)
Goodwill account
10.
(b)
Capital
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Tamilnadu Stateboard 12th Standard Subjects
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Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
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Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
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Maths
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Physics
Computer Technology
History
Accountancy
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