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WorksheetsTest 12th Accountancy
Total questions: 14
Worksheet time: 7mins
In case of absence of Partnership Deed, Interest on loan is given to the partners @
5%
8%
6%
10%
Double entry system means
Twice recorded
Once in ledger once in journal
Recording of both aspects of transaction
None of these
Double entry system means
Twice recorded
Once in ledger once in journal
Recording of both aspects of transaction
None of these
on dissolution of a partnership firm,goodwill if appearing in the balance sheet, is transferred to
revaluation a/c
realisation a/c
partners capital a/c
balance sheet
Minimum partners in partnership are?
2
4
7
None of these
Is trail balance is an accounts?
Yes
No
Don’t know
None of these
Is BRS an accounts?
Yes
No
Don’t know
None of these
How many types of accounts?
1
2
3
4
What is Accountancy ?
Art
Science
Art and science
None of these
Book-Keeping is recording:
a) All events affecting a business.
b) All business transactions.
c) Only business transactions with outsiders.
d) Only internal business transaction.
Which of the following is an advantage of accounting?
a) Personal judgements influence it.
b) Helps in keeping systematic records.
c) Acts as a reliable evidence.
d) Shows permanent record of business.
Accounting is the language of the ____________
business
finance
All ________ transactions are recorded in the books of accounts
business
personal
All ________ transactions are recorded in the books of accounts
business
personal
