CBSE Class 11 Accountancy – MCQ and Online Tests – Unit 11 – Accounts from Incomplete Records
Every year CBSE schools conducts Annual Assessment exams for 6,7,8,9,11th standards. These exams are very competitive to all the students. So our website provides online tests for all the 6,7,8,9,11th standard’s subjects. These tests are also very effective and useful for those who preparing for any competitive exams like Olympiad etc. It can boost their preparation level and confidence level by attempting these chapter wise online tests.
These online tests are based on latest CBSE syllabus. While attempting these our students can identify the weak lessons and continuously practice those lessons for attaining high marks. It also helps to revise the NCERT textbooks thoroughly.
CBSE Class 11 Accountancy – MCQ and Online Tests – Unit 11 – Accounts from Incomplete Records
Question 1.
Generally incomplete records are maintained by-
(a) Trader
(b) Society
(c) Company
(d) Government.
Answer
Answer: (a) Trader
Question 2.
Accounts which are maintained under single entry system-
(a) Personal accounts
(b) Impersonal accounts
(c) (a) & (b) both
(d) None of these.
Answer
Answer: (a) Personal accounts
Question 3.
Statement of affairs is prepared to-
(a) Know about assets
(b) Know about liabilities
(c) Calculate capital
(d) Know financial position.
Answer
Answer: (c) Calculate capital
Question 4.
Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-
(a) Creditors
(b) Debentures
(c) Profit
(d) Capital.
Answer
Answer: (d) Capital.
Question 5.
A system of accounting which is not based on double entry system is called-
(a) Cash system
(b) Mahajani system of accounting
(c) Incomplete accounting system
(d) None of these.
Answer
Answer: (c) Incomplete accounting system
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