Do you need some help in preparing for your upcoming Accounting exam? We’ve compiled a list of MCQ Questions for Class 11 Accountancy with Answers to get you started with the subject, Accounts from Incomplete Records Class 11 MCQs Questions with Answers. You can download NCERT MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers Pdf free download and learn how smart students prepare well ahead. So, ace up your preparation with MCQ on Accounts from Incomplete Records Class 11 Objective Questions.
Accounts from Incomplete Records Class 11 MCQs Questions with Answers
Choose the correct answer
Question 1.
Incomplete record mechanism of book keeping is
(a) Scientific
(b) Unscientific
(c) Unsystematic
(d) Both (b) and (c)
Answer
Answer: (b) Unscientific
Question 2.
Opening capital is ascertained by preparing
(a) Total debtor’s account
(b) Total creditor’s account
(c) Cash account
(d) Opening statement of affairs
Answer
Answer: (d) Opening statement of affairs
Question 3.
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
Answer
Answer: (a) Total creditors account
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
Answer
Answer: (b) Rs. 25,000.
Write the correct word(s)
Question 1.
Credit sales can be ascertained as the balancing figure in the …………….. account.
Answer
Answer: total debtor’s
Question 2.
Excess of ……………. over ……………… represents loss sustained during the period.
Answer
Answer: opening capital, closing capital
Question 3.
To ascertain the profit, closing capital is to be adjusted by deducting ………………. and adding …………….
Answer
Answer: additional capital introduced, drawings during the year
Question 4.
Incomplete records are generally used by ……………….
Answer
Answer: small traders.
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