ACCOUNTANCY

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ACCOUNTANCY

OBJECTIVE TYPE EXAMINATION
PLUS ONE COMMERCE SCORE :20

Name : *

School : *

District *

1. Why some businessmen keep incomplete records? *

1 point

A) Ignorance of law

B) Economical

C) Suitable for small business

D) All of the above

2. Statement of affairs is prepared to find out ............. *

1 point

3. Total Debtors account is prepared to find out ............... *

1 point

A) Cash sales

B) Credit sales

C) Total sales

D) None of these

4.Accounts from incomplete record is also known as ................ *

1 point

5.Credit purchases can be ascertained by preparing ................ *

1 point

A) Total Debtors account

B) Total Creditors account

C) B/R account

D) B/P account

6.Following are the details of a single entry trader for a particular period. Opening capital Rs.32000 , Drawings Rs.8000 , Additional capital Rs.18000 , Closing capital Rs.70000 - Ascertain profit or loss made by him. *

3 points

7. The financial position of a single entry trader as on 31/12/2019 was - Cash Rs.3000 , Bank Rs.2000 , Furniture Rs.5000 , Plant Rs.8000 , Sundry debtors Rs.6000 , Sundry creditors Rs.1500 , Bills payable Rs.500. His capital on 31/12/2019 was .............. *

2 points

A) 26000

B) 25500

C)22000

D) None of these

8. Find out credit purchases from the following. Opening creditors Rs.10000. Cash paid to creditors during the year Rs,.48000. Discount received from creditors Rs.6000. Closing creditors Rs. 12000. *

3 points

A) 58000

B)54000

C)52000

D)56000

9. Aiswarya ,a single entry trader, who started business with Rs.50000 on 01/01/2019 . She withdrew Rs.10000 for personal purpose during the year. Her financial position on 31/12/2019 was as follows. Building Rs.35000 ,Furniture Rs.10000 , Plant Rs.5000, Bank Rs.15000 Debtors Rs.8000 Cash Rs.2000, B/P 1000, Creditors Rs.3000 *

4 points

A) 21000

B) 31000

C) 41000

D) 11000

10.From the following find out credit sales by preparing total debtors a/c. Opening debtors Rs.7000, cash received from debtors Rs.5000, B/R received from debtors Rs.15000 Bad debts Rs.3000. Discount allowed to customers Rs.2000. Closing balance of debtors Rs.18000. *

3 points

A) 16000

B) 36000

C) 26000

D) 46000

Prepared by ULLAS G Principal Govt. HSS Mulanthuruthy, Ernakulam

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