Free MCQ’s Quiz for Class 11 Accountancy Chapter 11 – Accounts from Incomplete Records with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Accountancy – ‘Accounts from Incomplete Records’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Accountancy Chapter 11 – Accounts from Incomplete Records. Accounts from Incomplete Records explain how to calculate profit or loss and the financial situation of a company that does not use double-entry bookkeeping or whose records are otherwise incomplete.

To make you perfect in this topic – Accounts from Incomplete Records, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Accounts from Incomplete Records.

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Accounts from Incomplete Records

Results

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#1. A single entry system can be adopted by:

Small firms

Small firms

Joint-stock companies

Joint-stock companies

Co-operative societies

Co-operative societies

None of the above

None of the above

#2. From the incomplete record, it is possible to prepare

Ledger accounts

Ledger accounts

Trial balance

Trial balance

Statement of affairs

Statement of affairs

None of the above

None of the above

#3. Sales are calculated by adding ____ and ____

cash sales, credit sales

cash sales, credit sales

cash sales, bank sales

cash sales, bank sales

credit sales, tax received

credit sales, tax received

cash sales, tax received

cash sales, tax received

#4. Both aspects of transactions must be recorded in____.

Ledger

Ledger

Single entry

Single entry

Double-entry

Double-entry

Balance sheet

Balance sheet

#5. When closing capital is greater than opening capital. What does it mean?

Loss, if fresh capital is not introduced.

Loss, if fresh capital is not introduced.

Profit, if fresh capital is not introduced.

Profit, if fresh capital is not introduced.

Loss, if fresh capital is introduced.

Loss, if fresh capital is introduced.

Profit, if fresh capital is introduced.

Profit, if fresh capital is introduced.

#6. Generally incomplete records are maintained by

Government

Government

Society

Society

Trader

Trader

Company

Company

#7. If adjusted capital at the end is more than the capital in the beginning then the difference will be?

Net profit

Net profit

Gross profit

Gross profit

Revenue

Revenue

Income

Income

#8. Which account maintained under single entry system?

Personal accounts

Personal accounts

Impersonal accounts

Impersonal accounts

Both (1) and (2)

Both (1) and (2)

None of these

None of these

#9. We cannot prepare a trial balance and precise balance sheet under a single entry system.

True

True

False

False

#10. Which account is being debited when a bill is dishonoured?

Bills Receivable A/c

Bills Receivable A/c

Bills Payable A/c

Bills Payable A/c

Creditor’s A/c

Creditor’s A/c

Debtor’s A/c

Debtor’s A/c

Finish