Accounts from Incomplete Records Class 11 MCQ: Check the below NCERT MCQ Questions for Accountancy Accounts from Incomplete Records Class 11 MCQ with Answers Pdf free download. Accounts from Incomplete Records Class 11 MCQ  Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Accounts from Incomplete Records Class 11 Questions with Answers to help students understand the concept very well.

Accounts from Incomplete Records Class 11 MCQ

1. Statement of affairs is a _______.
(a) Statement of income and expenditure
(b) Statement of assets and liabilities
(c) Summary of cash transactions
(d) Summary of credit transactions

2. Generally, incomplete records are maintained by ______.
(a) Trader
(b) Society
(c) Company
(d) Government

3. If the opening capital is Rs. 60,000, drawings Rs. 5,000, capital introduced during the period Rs. 10,000, closing capital Rs. 90,000. The value of profit earned during the period will be ______.
(a) Rs. 20,000
(b) Rs. 25,000
(c) Rs. 30,000
(d) Rs. 40,000

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

5. A system of accounting that is not based on a double-entry system is called ______.
(a) Cash system
(b) Mahajani system of accounting
(c) Incomplete accounting system
(d) None of these

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By Team Learning Mantras