Class 12 Accountancy Quick Practice
Try real questions from active chapters in this subject.
Question 1 of 8
Income and Expenditure A/c is of the nature of:
Correct answer: B
Question 2 of 8
In Receipts and Payments A/c, cash in hand or at the bank is put on:
Correct answer: C
Question 3 of 8
No cash transaction will be excluded from:
Correct answer: B
Question 4 of 8
Receipts and Payments A/c is the summary of a:
Correct answer: D
Question 5 of 8
Cash received by converting an asset into cash is reflected in:
Correct answer: C
Question 6 of 8
If the credit side of Receipts and Payments A/c exceeds the debit side, the balance represents:
Correct answer: B
Question 7 of 8
In Income and Expenditure A/c all revenue expenses are entered on:
Correct answer: C
Question 8 of 8
Subscriptions received in advance during the accounting year is:
Correct answer: A
Chapter-wise MCQ Practice
