MCQ Questions for Class 11 Accountancy Chapter 11 Accounts from Incomplete Records with Answers

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 Accounts from Incomplete Records MCQ With Answers

Accountancy Class 11 Chapter 11 MCQs On Accounts from Incomplete Records

Mcq 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

Accounts From Incomplete Records Mcq 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

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