Refer to CBSE Class 11 Accountancy Accounts from Incomplete Records MCQs provided below available for download in Pdf. The MCQ Questions for Class 11 Accountancy with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 11 Accounts from Incomplete Records are an important part of exams for Class 11 Accountancy and if practiced properly can help you to improve your understanding and get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Accountancy and also download more latest study material for all subjects
MCQ for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records
Class 11 Accountancy students should refer to the following multiple-choice questions with answers for Chapter 11 Accounts from Incomplete Records in Class 11.
Chapter 11 Accounts from Incomplete Records MCQ Questions Class 11 Accountancy with Answers
Question : Single entry system of book keeping is
(a) Simple
(b) Unauthorized by tax authorities
(c) Unscientific
(d) all of these
Answer : D
Question : Credit purchase, during the year is ascertained by preparing :
(a) Total creditor’s account
(b) Total debtor’s account
(c) Cash account
(d) Opening statement of affairs
Answe : A
Question : When only closing and opening capital is given and closing capital is greater than opening capital it denotes
(a) Loss
(b) None
(c) Profit
(d) Profit if there is no introduction of fresh capital
Answer : D
Question : If opening capital is Rs.10,000 & closing capital is Rs.15,000 then profit or loss:
(a) Loss of Rs.5,000
(b) Profit of Rs.2,500
(c) Profit of Rs.5,000
(d) None of these
Answer : C
Question : Incomplete records are generally maintained by
(a) A company
(b) Government
(c) Small sized sole trader business
(d) Multinational enterprises
Answer : C
Question : Following are the Limitations of Incomplete Records except
(a) Under this system no real and nominal accounts are maintained
(b) his method is highly flexible because it can be adjusted according to the need of the organization
(c) it is not possible to prepare a balance sheet showing the true financial position of the business
(d) incomplete method of maintaining the ac counting records
Answer : B
Question : If capital at the end of the year is 40,000: capital introduced during the year Rs. 30,000; drawings 20,000 and loss for the year is 60,000; then Capital at the beginning of the year was:
(a) 90,000
(b) 80,000
(c) 70,000
(d) 10,000
Answer : A
Question : Normally single entry system is suitable for:
(a) Small scale business
(b) Large scale business
(c) Both of them
(d) None of them
Answer : A
Question : What should be added in closing capital for calculating opening capital?
(a) Loss and drawing
(b) Profit and drawing
(c) Profit only
(d) Loss only
Answer : A
Question : The opening capital is ascertained by preparing
(a) Cash book
(b) Debtors
(c) Opening statement of affairs
(d) Creditors
Answer : C
Question : The amount of credit sales can be computed from
(a) Total debtors account
(b) Total creditors account
(c) Bills receivable account
(d) Bills payable account
Answer : A
Question : In single entry two-fold aspect of transaction are not recorded, so it is:
(a) Complete and Scientific
(b) Incomplete and Unscientific
(c) Complete and Unscientific
(d) Incomplete and Scientific
Answer : B
Question : Which one of the following statements is not true in relation to incomplete records?
(a) It is an unscientific method of recording transactions
(b) Records are maintained only for cash and personal accounts
(c) It is suitable for all types of organisations
(d) Tax authorities do not accept
Answer : C
Question : Statement of affairs is a
(a) Statement of income and expenditure
(b) Statement of assets and liabilities
(c) Summary of cash transactions
(d) Summary of credit transactions
Answer : C
Question : What is the amount of capital of the proprietor, if his assets are ₹85,000 and liabilities are ₹21,000?
(a) Rs.85,000
(b) Rs.1,06,000
(c) Rs.21,000
(d) Rs.64,000
Answer : A
Question : A single entry system it:
(a) Incomplete and unscientific
(b) None
(c) Complete and scientific system
(d) Complete and unscientific
Answer : A
Question : If opening capital is 24,000; closing capital 40,000; drawing 7,000; fresh capital 8,000. Calculate profit or loss.
(a) Profit 15,000
(b) Loss 15,000
(c) Profit 20,000
(d) Loss 20,000
Answer : A
Question Closing balance of cash is obtained by preparing :
(a) Balance Sheet
(b) Debtors Account
(c) Creditors Account
(d) Cash Account
Answer : D
Question : Under Accounting from Incomplete records system two accounts are maintained
(a) Cash book and Income statement account
(b) Cash book and personal accounts
(c) personal accounts and receipt and payment account
(d) personal accounts and trading account
Answer : B
Question : In Single entry mostly:
(a) Personal aspects of transaction are recorded
(b) Nominal aspects of transaction are recorded
(c) Real aspects of transaction are recorded
(d) All of the above
Answer : A
Question : Profit can be ascertained from the incomplete records under single entry by using.
(a) Only Statement of Affairs Method
(b) Only Conversion Method
(c) Either (a) or (b) above
(d) None of (a) or (b)
Answer : C
Question : If books are kept under single entry system , credit sales are ascertained by preparing
(a) Total Creditors Account
(b) Total Debtors Account
(c) Credit Sales Account
(d) Trading Account
Answer : B
Question : If book are kept under single entry system, credit purchases are ascertained by preparing
(a) Total Creditors Account
(b) Total Debtors Account
(c) Credit Purchases Account
(d) Bills Payable Account
Answer : A
Question : If books are kept under single entry system, opening stock is ascertained by preparing
(a) Opening Stock Account
(b) Stock Register
(c) Memorandum Trading Account
(d) Opening Statement of Affairs
Answer : C
Question : Calculate Sale:
Opening balance of Debtors 14,828
Closing balance of Debtors 23,460
Cash received from Debtors 86,530 Sales ?
(a) 71,702
(b) 8,632
(c) 95,162
(d) 1,09,990
Answer : C
True OR False :->
(a) Single Entry System follows the basic accounting principle of accrual.
Ans:- False
(b) Trial Balance is prepared under Single Entry System in ordered to verify arithmetical of the records.
Ans:- False
(c) Under Single Entry System, only one journal entry is passed for all the transactions during a day.
Ans:- False
(d) Under Single Entry System, all entries are passed as well as posted only by one person.
Ans:- False
(e) Under Single Entry System, only one aspect of transaction (either debit or credit) is recorded for all transactions.
Ans:- False
CBSE Class 11 Accountancy Introduction to Accounting MCQs |
CBSE Class 11 Accountancy Theory Base Of Accounting MCQs |
CBSE Class 11 Accountancy Recording Of Transactions MCQs |
CBSE Class 11 Accountancy Recording of Transactions - II MCQs |
CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs |
CBSE Class 11 Accountancy Rectification Of Errors MCQs |
CBSE Class 11 Accountancy Depreciation Reserves and Provisions MCQs |
CBSE Class 11 Accountancy Bills Of Exchange MCQs |
CBSE Class 11 Accountancy Financial Statements - I MCQs |
CBSE Class 11 Accountancy Financial Statements - II MCQs |
CBSE Class 11 Accountancy Accounts from Incomplete Records MCQs |
CBSE Class 11 Accountancy Applications of Computers in Accounting MCQs |
CBSE Class 11 Accountancy Computerised Accounting System MCQs |
MCQs for Accountancy CBSE Class 11 Chapter 11 Accounts from Incomplete Records
Expert teachers of studiestoday have referred to NCERT book for Class 11 Accountancy to develop the Accountancy Class 11 MCQs. If you download MCQs with answers for the above chapter daily, you will get higher and better marks in Class 11 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Accountancy and its study material will help students to have stronger understanding of all concepts and also make them expert on all critical topics. After solving the questions given in the MCQs which have been developed as per latest course books also refer to the NCERT solutions for Class 11 Accountancy designed by our teachers
Chapter 11 Accounts from Incomplete Records MCQs Accountancy CBSE Class 11
All MCQs given above for Class 11 Accountancy have been made as per the latest syllabus and books issued for the current academic year. The students of Class 11 can refer to the answers which have been also provided by our teachers for all MCQs of Accountancy so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided lot of MCQ questions for Class 11 Accountancy so that you can solve questions relating to all topics given in each chapter. All study material for Class 11 Accountancy students have been given on studiestoday.
Chapter 11 Accounts from Incomplete Records CBSE Class 11 MCQs Accountancy
Regular MCQs practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Chapter 11 Accounts from Incomplete Records concepts. MCQs play an important role in developing understanding of Chapter 11 Accounts from Incomplete Records in CBSE Class 11. Students can download and save or print all the MCQs, printable assignments, practice sheets of the above chapter in Class 11 Accountancy in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 11 Accountancy MCQ Test for the same chapter
CBSE MCQs Accountancy Class 11 Chapter 11 Accounts from Incomplete Records
CBSE Class 11 Accountancy best textbooks have been used for writing the problems given in the above MCQs. If you have tests coming up then you should revise all concepts relating to Chapter 11 Accounts from Incomplete Records and then take out print of the above MCQs and attempt all problems. We have also provided a lot of other MCQs for Class 11 Accountancy which you can use to further make yourself better in Accountancy
You can download the CBSE MCQs for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records for latest session from StudiesToday.com
Yes, you can click on the links above and download topic wise MCQs Questions PDFs for Chapter 11 Accounts from Incomplete Records Class 11 for Accountancy
Yes, the MCQs issued by CBSE for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records have been made available here for latest academic session
You can easily access the links above and download the Chapter 11 Accounts from Incomplete Records Class 11 MCQs Accountancy for each topic
There is no charge for the MCQs and their answers for Class 11 CBSE Accountancy Chapter 11 Accounts from Incomplete Records you can download everything free
Regular revision of MCQs given on studiestoday for Class 11 subject Accountancy Chapter 11 Accounts from Incomplete Records can help you to score better marks in exams
Multiple Choice Questions (MCQs) for Chapter 11 Accounts from Incomplete Records Class 11 Accountancy are objective-based questions which provide multiple answer options, and students are required to choose the correct answer from the given choices.
Learning Chapter 11 Accounts from Incomplete Records based MCQs will help students improve their overall understanding of important concepts and topics and help to score well in Class 11 Accountancy exams.
You can practice Chapter 11 Accounts from Incomplete Records for CBSE Class 11 through worksheets, textbooks and online quizzes provided by studiestoday.com.
You can find CBSE Class 11 Accountancy Chapter 11 Accounts from Incomplete Records MCQs on educational websites like studiestoday.com, online tutoring platforms, and in sample question papers provided on this website.
To prepare for Chapter 11 Accounts from Incomplete Records MCQs, refer to the concepts links provided by our teachers and download sample papers for free.
Yes, there are many online resources that we have provided on studiestoday.com available such as practice worksheets, question papers, and online tests for learning MCQs for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records
Yes, you can find printable Chapter 11 Accounts from Incomplete Records worksheets for CBSE Class 11 Accountancy on studiestoday.com.
We have provided full database of free multiple choice questions with answers on studiestoday.com for CBSE Class 11 Accountancy Chapter 11 Accounts from Incomplete Records