Accounts from Incomplete Records MCQs with answers
Dear candidates you will find MCQ questions of 11th Class - Accountancy | Chapter: Accounts from Incomplete Records here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
All subjects and chapters of 11th Class are listed below. You can select any subject and chapter below to learn mcq questions of that chapter and subject.
Q. A system of accounting which is not based on double entry system is called-
β
Correct Answer: (C)
Incomplete accounting system
Q. Accounts which are maintained under single entry system-
β
Correct Answer: (A)
Personal accounts
Q. Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-
β
Correct Answer: (D)
Capital
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