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| MCQ Questions for Class 12 Accountancy Chapter 3 With Answers PDF |
MCQ Questions for Class 12 Accountancy Chapter 3 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 3 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 3 With Answers PDF
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What is meant by the admission of a partner in a partnership firm? a) A new partner joining the firm. b) A partner leaving the firm. c) A change in the profit and loss sharing ratio among partners. d) None of the above Answer: a
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What is the main effect of the admission of a new partner in a partnership firm? a) Increase in the capital of the firm. b) Decrease in the capital of the firm. c) No change in the capital of the firm. d) None of the above Answer: a
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What is meant by the revaluation of assets and liabilities in a partnership firm on the admission of a new partner? a) Increasing the value of assets and decreasing the value of liabilities. b) Decreasing the value of assets and increasing the value of liabilities. c) Increasing the value of assets and increasing the value of liabilities. d) Decreasing the value of assets and decreasing the value of liabilities. Answer: a
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What is meant by the adjustment of capital accounts of the existing partners in a partnership firm on the admission of a new partner? a) Increasing the capital of the existing partners. b) Decreasing the capital of the existing partners. c) No change in the capital of the existing partners. d) None of the above Answer: b
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What is meant by the adjustment of capital accounts of the new partner in a partnership firm on the admission of a new partner? a) Increasing the capital of the new partner. b) Decreasing the capital of the new partner. c) No change in the capital of the new partner. d) None of the above Answer: a
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What is meant by the distribution of profit and loss among partners in a partnership firm on the admission of a new partner? a) A new distribution of profit and loss among partners. b) No change in the distribution of profit and loss among partners. c) Increase in the profit and loss distribution among partners. d) Decrease in the profit and loss distribution among partners. Answer: a
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What is meant by the alteration of the profit and loss sharing ratio in a partnership firm on the admission of a new partner? a) A change in the profit and loss sharing ratio among partners. b) No change in the profit and loss sharing ratio among partners. c) Increase in the profit and loss sharing ratio among partners. d) Decrease in the profit and loss sharing ratio among partners. Answer: a
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What is meant by the creation of a reserve account in a partnership firm on the admission of a new partner? a) Setting aside a portion of profits for a specific purpose. b) No creation of a reserve account. c) Increase in the reserve account. d) Decrease in the reserve account. Answer: a
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What is meant by the preparation of a new profit and loss appropriation account in a partnership firm on the admission of a new partner? a) Preparation of a new profit and loss appropriation account after the admission of a new partner. b) No need for the preparation of a new profit and loss appropriation account. c) Increase in the profit and loss appropriation account. d) Decrease in the profit and loss appropriation account. Answer: a
Benefits of MCQ Questions for Class 12 Accountancy Chapter 3
One of the benefits of using MCQ Questions for Class 12 Accountancy Chapter 3 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 3 more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Accountancy Chapter 3 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 3 With Answers PDF
In conclusion, MCQ Questions for Class 12 Accountancy Chapter 3 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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