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Published on: 13/05/2022
QB365 provides detailed and simple solution for every Book back Questions in class 12 Accountancy Subject. It will helps to get more idea about question pattern in every book back questions with solution.
latest Book back QuestionsDownload Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Accountancy Test
Part I
1.
In the absence of a partnership deed, profits of the firm will be shared by the partners in
Equal ratio
Capital ratio
Both (a) and (b)
None of these
2.
3.
When fixed capital method is adopted by a partnership firm, which of the following items will appear in capital account?
Additional capital introduced
Interest on capital
Interest on drawings
Share of profit
4.
Which of the following is the incorrect pair?
Interest on drawings – Debited to capital accouunt
Interest on capital - Credited to capital account
Interest on loan - Debited to capital account
Share of profit - Credited to capital account
5.
Pick the odd one out
Partners share profits and losses equally
Interest on partners capital is allowed at 7% per annum
No salary or remuneration is allowed to partners
Interest on loan from partners is allowed at 6% per annum
Part I
1.
(a)
Equal ratio
2.
(d)
3.
(a)
Additional capital introduced
4.
(c)
Interest on loan - Debited to capital account
5.
(b)
Interest on partners capital is allowed at 7% per annum
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Tamilnadu Stateboard 12th Standard Subjects
Maths
Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
English
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Tamilnadu Stateboard Standards
