NCERT Class 11 Accountancy MCQ : Accounts from Incomplete Records

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  • Post last modified:November 23, 2023
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Accounts from Incomplete Records
Accounts from Incomplete Records

NCERT Class 11 Accountancy MCQ : Accounts from Incomplete Records

Embark on a journey of financial discovery with our specialized Multiple Choice Questions (MCQs) page on “Accounts from Incomplete Records.” Carefully curated from previous year papers of diverse exams, including UPSC IAS, this resource is designed to assist aspirants and accounting enthusiasts in unraveling the complexities of financial accounting when faced with incomplete records.

Explore a variety of scenarios, from reconstruction of financial statements to deciphering missing information, as each MCQ is strategically crafted to challenge and enhance your proficiency in handling incomplete records. Whether you’re preparing for UPSC IAS or aspiring to refine your accounting skills, this page serves as an invaluable resource for exam preparation and building expertise in financial accounting.

Key Features:

  • Authentic questions from UPSC IAS and diverse sector exams
  • Comprehensive coverage of accounting from incomplete records
  • Ideal for exam preparation and advancing proficiency in financial accounting principles

Embark on a journey of financial acuity as you engage with our meticulously curated MCQs, each question tailored to shed light on the intricacies of handling accounts from incomplete records.

NCERT Class 11 Accountancy : Accounts from Incomplete Records MCQ – NCERT Class 11 MCQ

Question:
A system of accounting which is not based on double entry system is called-
  • A
  • B
  • C
  • D
Question:
Accounts which are maintained under single entry system-
  • A
  • B
  • C
  • D
Question:
Statement of affairs is prepared to-
  • A
  • B
  • C
  • D
Question:
Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-
  • A
  • B
  • C
  • D
Question:
Generally incomplete records are maintained by-
  • A
  • B
  • C
  • D
Question:
Profit can be determined by preparing statement of affairs in single entry system.
  • A
  • B
  • C
  • D
Question:
Single entry system cannot be converted into double entry system.
  • A
  • B
  • C
  • D
Question:
Excess of assets over liabilities is called capital.
  • A
  • B
  • C
  • D
Question:
Closing capital is deducted from opening capital to calculate profit in single entry system.
  • A
  • B
  • C
  • D

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