TN +1 Annual Exam May 2022 Question paper with Answer Key- ACCOUNTANCY

[Thirumagan]

Tamilnadu Plus One Accountancy Annual Exam 2022 Question Paper with answer key can be had from the link attached below:

Selected questions from the question paper are:

• Trial balance is prepared :
  

(a) on a particular date
(b) for a year
© at the end of the year
(d) none of the above

• Closing stock is an item of
  

(a) Fictitious asset
(b) Fixed asset
© Intangible asset
(d) Current asset

• Under Straight Line Method, the amount of depreciation is
  

(a)    Constant for all years
(b)    Increasing every year
©Â Â   Fluctuating every year
(d)    Decreasing every year

• Name any two accounting packages.
  

• A firm purchased a Machine for Rs. 50,000 Erection charges amounted to Rs. 5,000. Effective life of the Machine is 5 years. Calculate the amount of depreciation per year under straight line method.
  

• Give the golden rules of double entry accounting system.
  
• Distinguish between capital receipt and revenue receipt.
  

Detailed question aper with answer key can be had from the below attachments.