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Aaj ke article me aap logo ko HSC ACCOUNT Board Exam related MCQ provide karne wala hu yeah MCQs kafi jyada important hai 12th ke Student ke liye.
Friends is article me 25 MCQ honge agar aapko aur bhi artical chahie ho is topic ke related to please comment Karke hame jarur batae
Friends ye artical ke alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko Post ke End me de raha hu.
1) Subscription received in advance during the accounting year is _____________.
a) An Income
b) An Expense
c) An Asset
d) A Liability
ANS: D
2) Anuj and Eeshan are two partners sharing profits and losses in the ratio of 3:2. They decided to admit Aaroh for 1/5th share, the new profit sharing ratio will be __________ .
a) 12:8:5
b) 4:3:1
c) 12:8:1
d) 12:3:1
ANS: A
3) New Ratio = Old Ratio ANS: ____________Ratio.
a) Gain
b) Capital
c) Sacrifice
d) Current
ANS: A
4) This displays the balance day wise for a selected voucher type.
a) Record Book
b) Ledger book
c) Journal book
d) Day book
ANS: D
5) Income and Expenditure Account is a _____________ Account.
a) Capital
b) Real
c) Personal
d) Nominal
ANS: D
6) Apte, Bhate and Chitale are sharing 1/2, 3/10, and 1/5 if Apte retire their new ratio will be ____________.
a) 5:2
b) 3:2
c) 5:3
d) 2:5
ANS: B
7) Profit and Loss Suspense Account is shown in the new Balance Sheet on ___________ side.
a) Debit
b) Credit
c) Assets
d) Liabilities
ANS: C
8) When a bill is drawn for 2 months after date on 3rd Jan. 2020, its due date will be _____________.
a) 3rd Jan. 2020
b) 3rd Mar. 2020
c) 5th Mar. 2020
d) 6th Mar. 2020
ANS: D
9) The balance of Share Forfeiture A/c is transferred to ____________ account after re-issue of these share.
a) Reserve Capital
b) Capital Reserve
c) Profit & Loss
d) Share capital
ANS: B
10) If any unrecorded liability is paid on dissolution of the firm _________account is debited.
a) Cash / Bank Account
b) Realisation Account
c) Partners capital Account
d) Loan Account
ANS: B
11) Realisation account is ___________ on realisation of asset.
a) Debited
b) Credited
c) Deducted
d) Closed
ANS: B
12) Cost of goods sold ____________.
a) Sales - Gross profit
b) Sales - Net Profit
c) Sales Proceeds
d) None of these
ANS: A
13) The Indian Partnership act is in force since __________ .
A) 1932
b) 1881
c) 1956
d) 1984
ANS: A
14) Liquid Assets = ____________.
a) Current Assets + Stock
b) Current Assets-Stock
c) Current Assets - stock ANS: prepaid Expenses
d) None of these
ANS: B
15) Shareholders get ___________ on shares.
a) Interest
b) Commission
c) Rent
d) Dividend
ANS: D
16) The Share Capital which a company is authorised to issue by its Memorandum of Association is ___________ .
a) Nominal capital/Authorised capital
b) Issued capital
c) Paid up capital
d) Reserve capital
ANS: A
17) Bill Payable is ____________.
a) Long term loan
b) Current Liabilities
c) Liquid Assets
d) Net Loss
ANS: B
18) The primary document for recording all financial transactions in Tally is the ___________.
a) Journal
b) Trial sheet
c) Voucher
d) File
ANS: C
19) The balance on the capital account of a partners, on his death is transferred to ____________ account.
a) Relatives
b) Legal Heir’s loan / Executors loan
c) Partner’s capital
d) Partners Loan
ANS: B
20) _________ is credited when unrecorded asset is brought into business.
a) Revaluation Account
b) Balance Sheet
c) Trading Account
d) Partners capital Account
ANS: A
21) Decrease in the value of assets should be ___________ to Profit and Loss Adjustment Account.
a) Debited
b) Credited
c) Added
d) Equal
ANS: A
22) When goodwill is withdrawn by the partner _________ account is credited.
a) Revaluation
b) Cash / Bank
c) Current
d) Profit and Loss Adjustment
ANS: D
23) Outstanding subscription at the end of the Accounting Year represents _____________.
a) Liability
b) An Expenditure
c) An Asset
d) Capital Fund
ANS: C
24) If asset is taken over by the partner __________ account is debited.
a) Revaluation
b) Capital
c) Asset
d) Balance Sheet
ANS: B
25) The ratio by which existing partners are benefited ____________ .
a) Gain Ratio
b) Sacrifice Ratio
c) Profit Ratio
d) Capital Ratio
ANS: A
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Paper 3) https://www.surajpateleducation.com/2021/03/important-questions-12th-board-exam.html
a) An Income
b) An Expense
c) An Asset
d) A Liability
ANS: D
2) Anuj and Eeshan are two partners sharing profits and losses in the ratio of 3:2. They decided to admit Aaroh for 1/5th share, the new profit sharing ratio will be __________ .
a) 12:8:5
b) 4:3:1
c) 12:8:1
d) 12:3:1
ANS: A
3) New Ratio = Old Ratio ANS: ____________Ratio.
a) Gain
b) Capital
c) Sacrifice
d) Current
ANS: A
4) This displays the balance day wise for a selected voucher type.
a) Record Book
b) Ledger book
c) Journal book
d) Day book
ANS: D
5) Income and Expenditure Account is a _____________ Account.
a) Capital
b) Real
c) Personal
d) Nominal
ANS: D
6) Apte, Bhate and Chitale are sharing 1/2, 3/10, and 1/5 if Apte retire their new ratio will be ____________.
a) 5:2
b) 3:2
c) 5:3
d) 2:5
ANS: B
7) Profit and Loss Suspense Account is shown in the new Balance Sheet on ___________ side.
a) Debit
b) Credit
c) Assets
d) Liabilities
ANS: C
8) When a bill is drawn for 2 months after date on 3rd Jan. 2020, its due date will be _____________.
a) 3rd Jan. 2020
b) 3rd Mar. 2020
c) 5th Mar. 2020
d) 6th Mar. 2020
ANS: D
9) The balance of Share Forfeiture A/c is transferred to ____________ account after re-issue of these share.
a) Reserve Capital
b) Capital Reserve
c) Profit & Loss
d) Share capital
ANS: B
10) If any unrecorded liability is paid on dissolution of the firm _________account is debited.
a) Cash / Bank Account
b) Realisation Account
c) Partners capital Account
d) Loan Account
ANS: B
11) Realisation account is ___________ on realisation of asset.
a) Debited
b) Credited
c) Deducted
d) Closed
ANS: B
12) Cost of goods sold ____________.
a) Sales - Gross profit
b) Sales - Net Profit
c) Sales Proceeds
d) None of these
ANS: A
13) The Indian Partnership act is in force since __________ .
A) 1932
b) 1881
c) 1956
d) 1984
ANS: A
14) Liquid Assets = ____________.
a) Current Assets + Stock
b) Current Assets-Stock
c) Current Assets - stock ANS: prepaid Expenses
d) None of these
ANS: B
15) Shareholders get ___________ on shares.
a) Interest
b) Commission
c) Rent
d) Dividend
ANS: D
16) The Share Capital which a company is authorised to issue by its Memorandum of Association is ___________ .
a) Nominal capital/Authorised capital
b) Issued capital
c) Paid up capital
d) Reserve capital
ANS: A
17) Bill Payable is ____________.
a) Long term loan
b) Current Liabilities
c) Liquid Assets
d) Net Loss
ANS: B
18) The primary document for recording all financial transactions in Tally is the ___________.
a) Journal
b) Trial sheet
c) Voucher
d) File
ANS: C
19) The balance on the capital account of a partners, on his death is transferred to ____________ account.
a) Relatives
b) Legal Heir’s loan / Executors loan
c) Partner’s capital
d) Partners Loan
ANS: B
20) _________ is credited when unrecorded asset is brought into business.
a) Revaluation Account
b) Balance Sheet
c) Trading Account
d) Partners capital Account
ANS: A
21) Decrease in the value of assets should be ___________ to Profit and Loss Adjustment Account.
a) Debited
b) Credited
c) Added
d) Equal
ANS: A
22) When goodwill is withdrawn by the partner _________ account is credited.
a) Revaluation
b) Cash / Bank
c) Current
d) Profit and Loss Adjustment
ANS: D
23) Outstanding subscription at the end of the Accounting Year represents _____________.
a) Liability
b) An Expenditure
c) An Asset
d) Capital Fund
ANS: C
24) If asset is taken over by the partner __________ account is debited.
a) Revaluation
b) Capital
c) Asset
d) Balance Sheet
ANS: B
25) The ratio by which existing partners are benefited ____________ .
a) Gain Ratio
b) Sacrifice Ratio
c) Profit Ratio
d) Capital Ratio
ANS: A
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