Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers Pdf free download. MCQ Questions for Class 11 Accountancy with Answers were prepared based on the latest exam pattern. We have provided Accounts from Incomplete Records Class 11 Accountancy MCQs Questions with Answers to help students understand the concept very well.
Class 11 Accountancy Chapter 11 MCQ With Answers
Accountancy Class 11 Chapter 11 MCQs On Accounts from Incomplete Records
Question 1.
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.
Answer
Answer: (c) Incomplete accounting system
Question 2.
Accounts which are maintained under single entry system-
(a) Personal accounts
(b) Impersonal accounts
(c) (a) & (b) both
(d) None of these.
Answer
Answer: (a) Personal accounts
Question 3.
Statement of affairs is prepared to-
(a) Know about assets
(b) Know about liabilities
(c) Calculate capital
(d) Know financial position.
Answer
Answer: (c) Calculate capital
Question 4.
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.
Answer
Answer: (d) Capital.
Question 5.
Generally incomplete records are maintained by-
(a) Trader
(b) Society
(c) Company
(d) Government.
Answer
Answer: (a) Trader
Fill in the blanks :
1. Single entry system can be adopted by ………………
Answer
Answer: Sole trader or partnership firm
2. …………… Accounts are maintained under single entry system.
Answer
Answer: Personal
3. Single entry system is not a …………….. system of maintaining accounts.
Answer
Answer: Scientific
4. While calculating profit. Drawings will be added to …………….
Answer
Answer: Closing capital
State True or False:
1. Profit can be determined by preparing statement of affairs in single entry system.
Answer
Answer: True
2. Single entry system cannot be converted into double entry system.
Answer
Answer: False
3. Excess of assets over liabilities is called capital.
Answer
Answer: True
4. Closing capital is deducted from opening capital to calculate profit in single entry system.
Answer
Answer: False
Match the following:
| Column A | Column B |
| 1. statement of affairs | (a) Opening statement of affairs |
| 2. Opening capital | (b) capital |
Answer
Answer:
| Column A | Column B |
| 1. statement of affairs | (b) capital |
| 2. Opening capital | (a) Opening statement of affairs |
Answer in one word / sentence:
1. Which account is prepared to know the credit purchase?
Answer
Answer: Creditors account
2. What is found out by preparation of opening statement of affairs?
Answer
Answer: Opening capital
3. Which amount will be credited on accepting new bills?
Answer
Answer: Bills payable
4. Which account is debited on dishonouring of a bill?
Answer
Answer: Debtor’s A/c
We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Accountancy Accounts from Incomplete Records MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.