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ORDER BY `video_id` desc 12th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four 12th Standard
Accountancy Answer all the questions The capital of a business is ascertained by preparing _________ Trading account Statement of profit or loss Balance sheet Statement of affairs A method wherein omitted information is determined in the first place and by using this information net income or net loss is ascertained is known as __________ Nominal method Cash method Conversion method Net profit method Capital fund also called as ___________ accumulated fund special fund donation fund none of these Interest on capital is to be calculated on the capitals at the beginning for the ____________ particular period relevant period average period all of these Average Capital employed Rs. 4,00,000 Goodwill at 3 years purchase of super profit will be __________ Rs. 1,80,000 Rs. 90,000 Rs. 1,50,000 Rs. 1,20,000 On admission of a partner if goodwill account is to be raised this should be debited to __________ Partner's capital account Partner's capital account Revaluation account None of these At the time of retirement of a partner, calculation of new profit ratio is __________ Compulsory Optional Necessary Not necessary The capital of a company is divided into small units of ________ current amount fixed amount capital amount none of these The minimum share Application money is _______________ 5% of the face value of shares 10% of the issue price of shares Rs.1 per share 15% of the face value of shares Cost of goods sold is Rs.4,00,000 and average stock is Rs.8,00,00. Stock turnover ratio will be ___________ 5 times 4 times 7 times 8 time Answers Statement of affairs Conversion method accumulated fund relevant period Rs. 1,80,000 Partner's capital account Necessary fixed amount 5% of the face value of shares 5 times
12th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four
Question Bank Software Nov-06 , 2020
12th Standard Accounts English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four
Reg.No. :
Net profit 2011
2,50,000
2012
1,00,00(Loss)
2013
4,50,000
N R R
10%
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