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. Credit purchase during the year is ascertained by preparing _______.
(a) Total creditor’s account
(b) Total debtor’s account
(c) Cash account
(d) Opening statement of affairs

2. Accounts that are maintained under a single entry system is ______.
(a) Personal accounts
(b) Impersonal accounts
(c) both (a) and (b)
(d) None of these

3. The single entry system can be adopted by ______.
(a) Small firms
(b) Joint Stock Companies
(c) Co-operative Societies
(d) None of these

4. Opening capital is ascertained by preparing ______.
(a) Total debtor’s account
(b) Total creditor’s account
(c) Cash account
(d) Opening statement of affairs

5. When closing capital exceeds opening capital, this means ______.
(a) Profit
(b) Profit, if there is no introduction of fresh capital
(c) No Profit or no Loss
(d) Loss

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By Team Learning Mantras