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ORDER BY `video_id` desc 12th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key 12th Standard
Accountancy Answer all the questions Statement of affairs is a Statement of income and expenditure Statement of assets and liabilities Summary of cash transactions Summary of credit transactions Receipts and payments account records receipts and payments of Revenue nature only Capital nature only Both revenue and capital nature None of the above In the absence of an agreement among the partners, interest on capital is Not allowed Allowed at bank rate Allowed @ 5% per annum Allowed @ 6% per annum Super profit is the difference between Capital employed and average profit Assets and liabilities Average profit and normal profit Current year’s profit and average profit On revaluation, the increase in the value of assets leads to Gain Loss Expense None of these On retirement of a partner from a partnership firm, accumulated profits and losses are distributed to the partners in the New profit sharing ratio Old profit sharing ratio Gaining ratio Sacrificing ratio That part of share capital which can be called up only on the winding up of a company is called: Authorised capital Called up capital Capital reserve Reserve capital Balance sheet provides information about the financial position of a business concern Over a period of time As on a particular date For a period of time For the accounting period Current ratio indicates Ability to meet short term obligations Efficiency of management Profitability Long term solvency Function key F11 is used for Company Features Accounting vouchers Company Configuration None of these Answers Statement of assets and liabilities Both revenue and capital nature Not allowed Average profit and normal profit Gain Old profit sharing ratio Reserve capital As on a particular date Ability to meet short term obligations Company Features12th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key
Question Bank Software Nov-06 , 2020
12th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key
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