Class11th Accounts Practice Paper 1st Term: Most Important Questions

Time Allowed: 90 MinutesMax. Marks: 40General Instructions :—This paper contains Multiple Choice Questions.—All questions are compulsory.—Only correct specific serial number should be marked.__________________________________________________________________________1.If Capital of a business is Rs. 40000, Creditors Rs. 25000 and Revenue/ Expense Rs. 40000 and Rs. 50,000 respectively, then value of assets will be Rs. _______________a) 65000b) 75000c) 55000d) NIL2.Patents is a/…