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12th Standard English Medium Accountancy Subject Accounts From Incomplete Records Creative 1 Mark Questions with Solution Part - I Question Bank Software Jun-21 , 2021

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12th Standard English Medium Accountancy Subject Accounts From Incomplete Records Creative 1 Mark Questions with Solution Part - I

12th Standard English Medium Accountancy Subject Accounts From Incomplete Records Creative 1 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. _____ is an unscientific and unsystematic way of recording transactions.

    (a)

    Incomplete records

    (b)

    Complete records

    (c)

    Single entry system

    (d)

    Double entry system

  2. _____ is a statement showing the balances of assets and liabilities on a particular date.

    (a)

    Statement of affairs

    (b)

    Trading account

    (c)

    Profit and loss account

    (d)

    Balance sheet

  3. A statement of affairs resembles a _____

    (a)

    Trading account

    (b)

    Profit and loss account

    (c)

    Balance sheet

    (d)

    Trial balance

  4. In _____ system, only personal and cash accounts are opened.

    (a)

    Single entry

    (b)

    Double entry

    (c)

    Trial balance

    (d)

    Balance Sheet

  5. _____ maintains only personal and cash accounts.

    (a)

    Single entry system

    (b)

    Double entry system

    (c)

    Both (a) and (b)

    (d)

    None of these

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