CBSE Class 11 Accounts from Incomplete Records Multiple Choice Questions with Answers. MCQ Questions Class 11 Accounts from Incomplete Records with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Accounts from Incomplete Records with Answers to know their preparation level.
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MCQ Questions Class 11 Accounts from Incomplete Records with Answers - Set - 1
Question 1:
Bills Receivable endorsed dishonoured are debited to
(a) Debtors Account.
(b) Bills Receivable Account.
(c) Creditors Account.
(d) Bank Account
Correct Answer – (A)
Question 2:
Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-
(a) Creditors
(b) Debentures
(c) Profit
(d) Capital.
Correct Answer – (D)
Question 3:
Accounts which are maintained under single entry system-
(a) Personal accounts
(b) Impersonal accounts
(c) (a) & (b) both
(d) None of these.
Correct Answer – (A)
Question 4:
If Opening capital is Rs. 60,000, drawings Rs. 5,000, capital introduced during the period Rs. 10,000, closing capital Rs. 90,000. The value of profit earned during the period will be:
(a) Rs. 20,000
(b) Rs. 25,000
(c) Rs. 30,000
(d) Rs. 40,000
Correct Answer – (B)
Question 5:
Opening capital is ascertained by preparing
(a) Total debtor’s account
(b) Total creditor’s account
(c) Cash account
(d) Opening statement of affairs
Correct Answer – (D)
MCQ Questions Class 11 Accounts from Incomplete Records With Answers
Question 6:
Generally incomplete records are maintained by-
(a) Trader
(b) Society
(c) Company
(d) Government.
Correct Answer – (A)
Question 7:
Statement of affairs is prepared to-
(a) Know about assets
(b) Know about liabilities
(c) Calculate capital
(d) Know financial position.
Correct Answer – (C)
Question 8:
A system of accounting which is not based on double entry system is called-
(a) Cash system
(b) Mahajani system of accounting
(c) Incomplete accounting system
(d) None of these.
Correct Answer – (C)
Question 9:
Credit purchase, during the year is ascertained by preparing :
(a) Total creditor’s account
(b) Total debtor’s account
(c) Cash account
(d) Opening statement of affairs
Correct Answer – (A)
Question 10:
Incomplete record mechanism of book keeping is
(a) Scientific
(b) Unscientific
(c) Unsystematic
(d) Both (b) and (c)
