MCQ Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with answer

MCQ Class 11 Accountancy Chapter 11 : MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers PDF Free Download prepared here according to the latest CBSE RBSE and Other State Board syllabus and NCERT curriculum.

MCQ Class 11 Accountancy Chapter 11 Wise with answer and Free PDF Download

MCQ Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with answer

Q1. 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.

(c) Incomplete accounting system


Q2. Accounts which are maintained under single entry system-

(a) Personal accounts
(b) Impersonal accounts
(c) (a) & (b) both
(d) None of these.

(a) Personal accounts


Q3. Statement of affairs is prepared to-

(a) Know about assets
(b) Know about liabilities
(c) Calculate capital
(d) Know financial position.

(c) Calculate capital


Q4. 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.

(d) Capital.


Q5. Generally incomplete records are maintained by-

(a) Trader
(b) Society
(c) Company
(d) Government.

(a) Trader


Q6. Incomplete record mechanism of book keeping is

(a) Scientific
(b) Unscientific
(c) Unsystematic
(d) Both (b) and (c)

(b) Unscientific


Q7. Opening capital is ascertained by preparing

(a) Total debtor’s account
(b) Total creditor’s account
(c) Cash account
(d) Opening statement of affairs

(d) Opening statement of affairs


Q8. 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

(a) Total creditor’s account


Q9. 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

(b) Rs. 25,000


Write the correct word(s)

Q10. Credit sales can be ascertained as the balancing figure in the …………….. account.


Q11. Excess of ……………. over ……………… represents loss sustained during the period.

opening capital, closing capital


Q12. To ascertain the profit, closing capital is to be adjusted by deducting ………………. and adding …………….

additional capital introduced, drawings during the year


Q13. Incomplete records are generally used by ……………….

small traders.


Q14. Single entry system can be adopted by ………………

Sole trader or partnership firm


Q15. …………… Accounts are maintained under single entry system.

Personal


Q16. Single entry system is not a …………….. system of maintaining accounts.

Scientific


Q17. While calculating profit. Drawings will be added to …………….

Closing capital


State True or False:

Q18. Profit can be determined by preparing statement of affairs in single entry system.

True


Q19. Single entry system cannot be converted into double entry system.

False


Q20. Excess of assets over liabilities is called capital.

True

MCQ Questions for Class 11 Accountancy with Answers Chapter Wise PDF Download

MCQ Questions for Class 11 Accountancy: Financial Accounting

  1. MCQ Class 11 Accountancy Chapter 1 Introduction to Accounting
  2. MCQ Class 11 Accountancy Chapter 2 Theory Base of Accounting
  3. MCQ Class 11 Accountancy Chapter 3 Recording of Transactions 1
  4. MCQ Class 11 Accountancy Chapter 4 Recording of Transactions 2
  5. MCQ Class 11 Accountancy Chapter 5 Bank Reconciliation Statement
  6. MCQ Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors
  7. MCQ Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves
  8. MCQ Class 11 Accountancy Chapter 8 Bills of Exchange
  9. MCQ Class 11 Accountancy Chapter 9 Financial Statements 1
  10. MCQ Class 11 Accountancy Chapter 10 Financial Statements 2
  11. MCQ Class 11 Accountancy Chapter 11 Accounts from Incomplete Records
  12. MCQ Class 11 Accountancy Chapter 12 Applications of Computers in Accounting
  13. MCQ Class 11 Accountancy Chapter 13 Computerised Accounting System
  14. MCQ Class 11 Accountancy Chapter 14 Structuring Database for Accounting
  15. MCQ Class 11 Accountancy Chapter 15 Accounting System Using Database Management System


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