Monday, 22 February 2021

CBSE Class 11 Accountancy - MCQ and Online Tests - Unit 11 - Accounts from Incomplete Records

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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