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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 an agreement among the partners, interest on capital is
Not allowed
Allowed at bank rate
Allowed @ 5% per annum
Allowed @ 6% per annum
2.
Which of the following is shown in Profit and loss appropriation account?
Office expenses
Salary of staff
Partners’ salary
Interest on bank loan
3.
When a partner withdraws regularly a fixed sum of money at the middle of every month, period for which interest is to be calculated on the drawings on an average is
5.5 months
6 months
12 months
6.5 months
4.
In the absence of an agreement, partners are entitled to
Salary
Commission
Interest on loan
Interest on capital
5.
Profit after interest on drawings, interest on capital and remuneration is Rs. 10,500. Geetha, a partner, is entitled to receive commission @ 5% on profits after charging such commission. Find out commission.
Rs. 50
Rs. 150
Rs. 550
Rs. 500
Part I
1.
(a)
Not allowed
2.
(c)
Partners’ salary
3.
(b)
6 months
4.
(c)
Interest on loan
5.
(d)
Rs. 500
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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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