New ! Accountancy MCQ Practise Tests



Important 3 Mark Creative Questions (New Syllabus) 2020

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 21

    Part A

    7 x 3 = 21
  1. Which values are affected, when accounts are maintained on single entry system basis.

  2. Yuvan foundation is formed to educate and to provide jobs to unemployed women. Identify the values involved.

  3. What is Fluctuating capital method?

  4. Explain the classification of goodwill.

  5. Write a short note on
    (i) Public issue
    (ii) Private placement

  6. What are the significance of financial statements?

  7. What do you mean by debt collection period?

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