Adjustments in Preparation of Financial Statements - MCQs | Class 11 Accountancy Chapter 19 | CBSE

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✔️ Class: 11th
✔️ Subject: Accountancy
✔️ Chapter: Adjustments in Preparation of Financial Statements (Chapter 19)
✔️ Topic Name: Multiple Choice Questions
✔️ Topics Covered In This Video (By Ambika Singh Ma'am): In this captivating video, the teacher guides you through the fascinating realm of Class 11th Accountancy, focusing on the topic of "Multiple Choice Questions" within Chapter 19 Adjustments in Preparation of Financial Statements. Dive deep into the captivating world of accountancy as we explore key concepts essential for success in your studies. Join us as we simplify complex topics and make learning fun and engaging for all Class 11th students.
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00:00 Introduction: Adjustments in Preparation of Financial Statements - Multiple Choice Questions
03:19 MCQs (Que.1 to 3) Que.1 - Adjustments given are recorded once in Trading and Profit & Loss
Account and again in Balance Sheet. It is so because of
11:34 MCQs (Que.4 to 6) Que.4 - On 1st February, 2025, a loan of ₹1,00,000 was given to Parth @ 12% p.a. Interest was received for 3 months from February 2025 to April, 2025. In the financial statements for the year ended 31st March, 2025, amount of advance interest will be
20:07 MCQs (Que.7 to 9) Que.7 - Closing Stock is valued at Cost or Net Realisable Value (Market Value), whichever is less because of
33:06 MCQs (Que.10 to 12) Que.10 - Balance of Provision for Doubtful Debts (As on 1st April, 2023): ₹1,250, Bad Debts during the year were: ₹300. Provision for Doubtful Debts is required @ 5% on debtors of ₹10,000. Provision for Doubtful Debts credited to Profit & Loss Account will be
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