MCQ Questions for Class 12 Accountancy Chapter 11 Cash Flow Statement with Answers Question 1. Preparation of cash flow statement is : (a) Mendatory (b) Recommendatory (c) Required under the Companies Act (d) None of these Answer Answer: (a) Mendatory Question 2. Issue of shares in consideration of purchase of Read more…
MCQ Questions for Class 12 Accountancy Chapter 10 Accounting Ratios with Answers Question 1. The formula for ascertaining Total Assets to Debt Ratio is: Answer Answer: (a) Question 2. Proprietory Ratio indicates the relationship between proprietor’s funds and…. (a) Reserve (b) Share Capital (c) Total Assets (d) Debentures Answer Answer: Read more…
MCQ Questions for Class 12 Accountancy Chapter 9 Analysis of Financial Statements with Answers Question 1. Interpretation of Financial Statements includes: (a) Criticisms and Analysis (b) Comparison and Trend Study (c) Drawing Conclusion (d) All the above Answer Answer: (d) All the above Question 2. Horizontal Analysis is also known Read more…
MCQ Questions for Class 12 Accountancy Chapter 8 Financial Statements of a Company with Answers Question 1. Which of the following is the element of financial statements? (a) Balance Sheet (b) Profit & Loss A/c (c) Both (a) and (b) (d) None of these Answer Answer: (c) Both (a) and Read more…
MCQ Questions for Class 12 Accountancy Chapter 7 Issue and Redemption of Debentures with Answers Question 1. When all debentures are redeemed, balance in the Debenture Redemption Fund Account is transferred to: (a) Capital Reserve (b) General Reserve (c) Profit & Loss Appropriation A/c (d) None of these Answer Answer: Read more…
MCQ Questions for Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers Question 1. Reserve share capital means : (a) Part of authorised capital to be called at the beginning (b) Portion of uncalled capital to be called only at liquidation (c) Over subscribed capital (d) Under subscribed Read more…
MCQ Questions for Class 12 Accountancy Chapter 5 Dissolution of a Partnership Firm with Answers Question 1. In the event of dissolution of partnership firm, the provision for doubtful debts is transferred to : (a) Realisation Account (b) Partners’ Capital Accounts (c) Sundry Debtors Account (d) None of the above Read more…
MCQ Questions for Class 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement / Death of a Partner with Answers Question 1. On retirement of a partner’s the amount of General Reserve is transferred to all partner’s capital account in: (a) New Profit Sharing Ratio (b) Capital Ratio (c) Old Read more…
MCQ Questions for Class 12 Accountancy Chapter 3 Reconstitution of Partnership Firm: Admission of a Partner with Answers Question 1. Goodwill is nothing more than probability that the old customer will resort to the old place. This definition of goodwill was given by: (a) Spicer and Pegler (b) ICAI (c) Read more…
MCQ Questions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts with Answers Question 1. Features of a partnership firm are: (a) Two or more persons (b) Sharing profit and losses in the agreed ratio (c) Business carried on by all or any of them acting for all Read more…