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MCQ Questions for Class 12 Accountancy Chapter 11 With Answers PDF |
MCQ Questions for Class 12 Accountancy Chapter 11 With Answers PDF: Multiple Choice Questions (MCQs) are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge.
An MCQ Questions for Class 12 Accountancy Chapter 11 consists of a question or statement, followed by several answer options, of which the student must choose the correct one. The answer options are usually presented as a list of possible choices, such as A, B, C or D.
MCQ Questions for Class 12 Accountancy Chapter 11 With Answers PDF
- What is the purpose of the cash flow statement? a) To show the inflow and outflow of cash for a given period of time b) To show the amount of cash a company has on hand c) To show the company's net income for a given period of time d) To show the company's liabilities
Answer: a) To show the inflow and outflow of cash for a given period of time
- What are the three sections of a cash flow statement? a) Operating, investing, financing b) Inflows, outflows, balance c) Assets, liabilities, equity d) Income, expenses, profit
Answer: a) Operating, investing, financing
- What is included in the operating section of the cash flow statement? a) Cash inflows and outflows from the company's core business operations b) Cash inflows and outflows from investments in long-term assets c) Cash inflows and outflows from financing activities, such as borrowing and repaying debt d) All of the above
Answer: a) Cash inflows and outflows from the company's core business operations
- What is included in the investing section of the cash flow statement? b) Cash inflows and outflows from investments in long-term assets c) Cash inflows and outflows from the company's core business operations d) Cash inflows and outflows from financing activities, such as borrowing and repaying debt e) All of the above
Answer: b) Cash inflows and outflows from investments in long-term assets
- What is included in the financing section of the cash flow statement? a) Cash inflows and outflows from financing activities, such as borrowing and repaying debt b) Cash inflows and outflows from investments in long-term assets c) Cash inflows and outflows from the company's core business operations d) All of the above
Answer: a) Cash inflows and outflows from financing activities, such as borrowing and repaying debt
- How is the cash balance at the end of a given period calculated in the cash flow statement? a) Total cash inflows minus total cash outflows b) Total cash outflows minus total cash inflows c) Total cash inflows plus total cash outflows d) Total cash outflows plus total cash inflows
Answer: a) Total cash inflows minus total cash outflows
- What is the difference between cash flow and net income? a) Cash flow shows actual inflows and outflows of cash, while net income includes non-cash items such as depreciation b) Cash flow includes non-cash items such as depreciation, while net income shows actual inflows and outflows of cash c) Cash flow and net income are the same thing d) Cash flow is calculated before taxes, while net income is calculated after taxes
Answer: a) Cash flow shows actual inflows and outflows of cash, while net income includes non-cash items such as depreciation
- Can a company have positive net income but negative cash flow? a) Yes, this is possible if the company is using cash to invest in long-term assets or repay debt b) No, this is not possible as positive net income means the company has generated cash c) Yes, this is possible if the company is paying out dividends to shareholders d) No, this is not possible as positive net income always means positive
Benefits of MCQ Questions for Class 12 Accountancy Chapter 11
One of the benefits of using MCQ Questions for Class 12 Accountancy Chapter 11 is that they are easy to grade. The correct answer is already provided, so the teacher or exam proctor simply needs to check that the student has chosen the correct option. This makes MCQ Questions for Class 12 Accountancy Chapter 11 more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Accountancy Chapter 11 is that they can test a wide range of knowledge, including factual information, concepts, and problem-solving skills. They can also be used to test a student's ability to apply knowledge to new situations, rather than just recall information.
Conclusion of MCQ Questions for Class 12 Accountancy Chapter 11 With Answers PDF
In conclusion, MCQ Questions for Class 12 Accountancy Chapter 11 are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge. But to minimize the drawbacks, it is important to write good MCQs and use a variety of question types. They can test a wide range of knowledge, including factual information, concepts, and problem-solving skills, but they should not be the only method of assessment, it's important to use different types of questions to evaluate a student's understanding of a subject.
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