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. 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

2. Accounts which are maintained under single entry system _____.
(a) Personal accounts
(b) Impersonal accounts
(c) (a) & (b) both
(d) None of these

3. Statement of affairs is prepared to _____.
(a) Know about assets
(b) Know about liabilities
(c) Calculate capital
(d) Know financial position

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

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By Team Learning Mantras