CBSE Class 12 Accountancy Revision Assignment Set A

  Assignment  Q1: What is meant by financial statement analysis? List its objectives. Q2: Briefly explain the limitations of financial statement analysis. Q3: Differentiate between intra firm and inter firm analysis. Q4: Differentiate between horizontal and…

CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Assignment

Question. How would you account for ‘subscription received in advance’ in the current year in the books of a non trading organisation? Answer : Subscription received in advance is subtracted from subscription received during the year in Income and Expenditure A/C and…

CBSE Class 12 Accountancy Revision Assignment Set C

  1. Anupam and Abhishek are partners sharing profits and losses in the ratio of 3: 2. Their capital accounts showed balances of Rs. 1,50,000 and Rs. 2,00,000 respectively on Jan 01, 2003. Show the treatment of interest on capital for the year ending 31-12-06 in each of…

CBSE Class 12 Accountancy Revision Assignment Set B

  Q1. Give two examples of capital receipts which are directly added to capital fund.   Q2. Write the formula for calculating interest on drawings when date of withdrawal is not specified.   Q3.Average super profit of a firm for last 5 years is Rs.18,000.00…

CBSE Class 12 Accountancy Retirement and Death of Partner Questions

MCQ Questions for NCERT Class 12 Accountancy  Retirement And Death Of Partner   Question: As per section ------------ of the Indian Partnership Act, a retiring partner becomes entitled to profits after retirement if his dues remain unpaid(a) Section 73(b) Section 26(c)…

CBSE Class 12 Accountancy Ratio analysis Assignment

Question. Current Ratio is calculated by: (a) Current Liabilities/Current Assets (b) Current Assets/Current Liabilities (c) Current Assets/Long-term Liabilities (d) Long-term Assets/Long-term Liabilities Answer. B Question. The ideal Current ratio is: (a) 1.25 : 1 (b) 2 : 1 (…

CBSE Class 12 Accountancy Issue of Shares Assignment

Question. True/False: According to the below given information the final call per share is Rs.22. The subscribed capital of a company is Rs. 80,00,000 and the nominal value of the share is Rs.100 each. There were no calls in arrear till the final call was made . The final…

CBSE Class 12 Accountancy Issue And Redemption Of Debenture Assignment

OBJECTIVE QUESTIONS 1 Mark Each Stand Alone MCQs Question. Debenture holders are :(A) Owners of the company(B) Lenders of the company(C) Vendors of the company(D) Customers of the companyAnswer. Option (B) is correct. Question. Debentures are shown in the Balance Sheet of a…

CBSE Class 12 Accountancy Cash Flow Statement Set A

OBJECTIVE QUESTIONS Question. Which of the following is not an investing cash flow?(A) Purchase of marketable securities for Rs 25,000 cash(B) Sales of land for Rs 28,000 cash(C) Sale of 2,500 shares (held as investment) for Rs 15 each(D) Purchase of equipment for Rs 500…

CBSE Class 12 Accountancy Admission of a Partner Assignment

MCQ Questions for NCERT Class 12 Accountancy Reconstitution of Partnership Firm – Admission of a Partner   Question: The balance in the investment fluctuation fund after meeting the fall in book value of investment, at the time of admission of partner will be transferred to…

CBSE Class 12 Accountancy Accounting Ratios Assignment

Important Notes for Class 12 Accountancy Accounting Ratios Accounting Ratios Meaning :-  The quantitative relation between two amounts showing the number of times one value contains or is contained within the other.   A ratio may be expressed in the following ways: (1) '…

CBSE Class 12 Accountancy Accounting For Partnership Firms

Question. Ram, Raghav, and Raghu are partners in a firm sharing profits in the ratio of 5:3:2. As per Partnership Deed, Raghu is to get a minimum amount of ₹ 10,000 as profit. Net profit for the year is ₹ 40,000. Find the deficiency amount in the above case. a) ₹ 750 b) ₹ 1,…

CBSE Class 12 Accountancy Reconstitution Of Partnership Assignment Part B

Admission of a Partner Learning objectives:- MCQ Questions for NCERT Class 12 AccountancyReconstitution of Partnership Firm – Admission of a Partner   Question: When a new partner brings his share of goodwill in cash, the amount is debited to:(a) Cash account(b) Capital…

CBSE Class 12 Accountancy Reconstitution Of Partnership Assignment Part A

MCQ Questions for NCERT Class 12 AccountancyReconstitution of Partnership Firm – Admission of a Partner   Question: As per _________ , only purchased goodwill can be shown in the Balance Sheet.(a) AS 37(b) AS 26(c) Section 37(d) AS 37  Answer: B Question: A, and B are…

CBSE Class 12 Accountancy Financial Statement Analysis Assignment

  LEARNING OBJECTIVES: After studying the lesson, students will be able to: ¶ Understand the meaning of financial statements and their objectives. ¶ Identify the parties interested in the financial statements. ¶ Understand the meaning of financial…