Accounts from Incomplete Records — Practice Quiz
ICSE · Class 11 · Accountancy
Try a 4-question quiz on Accounts from Incomplete Records for ICSE Class 11 Accountancy: tap an answer to check it and see why.
Interactive on Super Tutor
Studying Accounts from Incomplete Records? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for practice quiz and more.
Free trial, no card needed.
Quick Quiz: Accounts from Incomplete Records
0/4Tap an answer to check it instantly. No sign-up needed for these 4.
Accounts from incomplete records: A trader has closing assets of ₹2,00,000 and closing liabilities of ₹70,000. His opening capital was ₹70,000, drawings during the year were ₹60,000, and additional capital introduced was ₹40,000. What is the profit for the year?
Accounts from incomplete records: On 31 March 2016, a proprietor’s capital was ₹20,000. On 1 April 2015, his capital was ₹16,700. During the year he withdrew ₹9,400 for personal expenses and introduced personal investment of ₹11,500 into the business. What is the profit for the year?
Accounts from incomplete records: Opening capital is ₹1,14,000. Closing capital is ₹1,67,000. Additional capital introduced during the year is ₹25,000. Profit for the year is ₹40,000. What were the drawings during the year?
Accounts from incomplete records: Opening capital is ₹35,000. Closing capital is ₹91,000. Profit during the year is ₹14,000. There was no drawings. What is the additional capital introduced during the year?
Sample Questions
Accounts from incomplete records: Opening capital is ₹2,50,000. Profit for the year is ₹80,000. Drawings during the year are ₹30,000 and no additional capital was introduced. What is the closing capital?
Show answer
₹3,00,000
Profit = Closing capital + Drawings - Additional capital - Opening capital. So ₹80,000 = Closing capital + ₹30,000 - ₹2,50,000. Therefore Closing capital = ₹3,00,000.
Accounts from incomplete records: A proprietor has closing capital ₹1,05,000, opening capital ₹80,000, and drawings ₹12,000. Additional capital introduced was ₹20,000. What is the profit for the year?
Show answer
₹17,000
Adjusted closing capital = ₹1,05,000 + ₹12,000 - ₹20,000 = ₹97,000. Profit = ₹97,000 - ₹80,000 = ₹17,000.
Accounts from incomplete records: On 1 April 2013, capital was ₹8,000. On 31 March 2014, capital was ₹10,000. During the year, drawings were ₹1,000 and additional capital introduced was ₹2,000. What was the profit for the year?
Show answer
₹1,000
Profit = Closing capital + Drawings - Additional capital - Opening capital = ₹10,000 + ₹1,000 - ₹2,000 - ₹8,000 = ₹1,000.
Accounts from incomplete records: A trader has opening capital ₹90,000, closing capital ₹1,38,000, drawings ₹17,000, and profit ₹25,000. What is the additional capital introduced?
Show answer
₹6,000
Profit = Closing capital + Drawings - Additional capital - Opening capital. So ₹25,000 = ₹1,38,000 + ₹17,000 - Additional capital - ₹90,000. Therefore Additional capital = ₹6,000.
+51 more questions on Accounts from Incomplete Records (ICSE Class 11 Accountancy)
Practise AllFrequently Asked Questions
What are the important topics in Accounts from Incomplete Records for ICSE Class 11 Accountancy?
How many practice questions are there for Accounts from Incomplete Records?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Accounts from Incomplete Records
Important Questions
Exam-style questions with answers
Revision Notes
Key points for last-minute revision
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect
Study Plan
Step-by-step plan for this chapter
Flashcards
Quick-fire cards for active recall
Syllabus
What topics to cover
For serious students
Get the full Accounts from Incomplete Records chapter — start free.
Quizzes, flashcards, an AI doubt solver and a study plan for ICSE Class 11 Accountancy. Free to start, no card needed.