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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 - Part Two 12th Standard
Accountancy Answer all the questions The excess of assets over liabilities is Loss Cash Capital Profit Income and expenditure account is a Nominal A/c Real A/c Personal A/c Representative personal account Which of the following is shown in Profit and loss appropriation account? Office expenses Salary of staff Partners’ salary Interest on bank loan Which of the following is true? Super profit = Total profit / number of years Super profit = Weighted profit / number of years Super profit = Average profit – Normal profit Super profit = Average profit x Years of purchase If the old profit sharing ratio is more than the new profit sharing ratio of a partner, the difference is called Capital ratio Sacrificing ratio Gaining ratio None of these On revaluation, the increase in liabilities leads to Gain Loss Profit None of these After the forfeited shares are reissued, the balance in the forfeited shares account should be transferred to General reserve account Capital reserve account Securities premium account Surplus account The financial statements do not exhibit Non-monetary data Past data Short term data Long term data Debt equity ratio is a measure of Short term solvency Long term solvency Profitability Efficiency What are the predefined Ledger(s) in Tally? Only (i) Only (ii) Both (i) and (ii) Both (ii) and (iii) Answers Capital Nominal A/c Partners’ salary Super profit = Average profit – Normal profit Sacrificing ratio Loss Capital reserve account Non-monetary data Long term solvency Both (i) and (ii)12th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Two
Question Bank Software Nov-06 , 2020
12th Standard Accounts English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Two
Reg.No. :
(i) Cash
(ii) Profit & Loss A/c
(iii) Capital A/c
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