CBSE Class 12 Accountancy HOTs Accounting Ratios
Question. Ratio of Current Assets (Rs.6,00,000) to Current Liabilities (Rs.4,00,000) is 1.5:1. The ac-countant of the firm is interested in maintaining a Current Ratio of 2:1, by paying a part of the current liabilities. How much amount of current liabilities should be paid so…
CBSE Class 12 Accountancy HOTs Analysis of Financial Statement
UNIT 6. FINANCIAL STATEMENT ANALYSIS: 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…
CBSE Class 12 Accountancy HOTs Financial Statements of a Company
Question. Match the items given in Column I with the headings/subheadings (Balance sheet) as defined in Schedule III of Companies Act 2013. Column I …
CBSE Class 12 Accountancy HOTs Issue And Redemption of Debentures
Q. 1. Sun Ltd. issued 1000 8% debentures of Rs. 1000 each as fully paid to Star Ltd. as consideration for a machinery purchased. Pass necessary journal entries. Soln: Soln: (i) Bank loan raised Bank a/c Dr. Bank loan a/c (Raising of bank loan) (ii) Issue of…
CBSE Class 12 Accountancy HOTs Partnership Basic Concepts
MCQ Questions for NCERT Class 12 Accountancy Fundamentals Of Partnership Question: Ajay is a partner in a firm. He withdrew Rs.2,000 per month on the last day of every month during the year ended 31st March, 2019. If interest on drawings is charged @ 9%…
CBSE Class 12 Accountancy HOTs Accounting for Not-for- Profit Organisation
1. A non profit organisation follows hybrid system of accounting. Do you agree with this. Ans.Yes. A non profit organisation follow the combina-tion of cash and accrual system ie, hybrid system. 2. Receipts and Payments Account is similar to a cash book. Do you…
CBSE Class 12 Accountancy HOTs Dissolution of A partnership firm
Dissolution of A partnership firm Q.1 Distinguish between dissolution of partnership and dissolution of partnership firm on the basis of continuation of business. Ans. 1 In case of dissolution of partnership, the firm may continue its business…
CBSE Class 12 Accountancy HOTs Admission Of A Partner
Admission Of A Partner MCQ Questions for NCERT Class 12 Accountancy Reconstitution of Partnership Firm – Admission of a Partner Question: Profit or loss on revaluation of assets is transferred to Partners’ Capital account in which ratio? (a)…
CBSE Class 12 Accountancy HOTs Death Retirement Of A Partner
Learning Objectives: After studying this Unit, students will be able to understand and prepare: a) Deceased partners capital account b) Deceased partners Executor account c) Executors loan account d) Calculation of share of profit and Goodwill of the deceased partner.…
CBSE Class 12 Accountancy HOTs Questions for all Chapters
Chapter I Accounting for Not –for- profit organization 1) Is it possible for one hospital to have an income and expenditure account whereas another has a profit and loss account?(1) 2) Why depreciation on fixed assets is not recorded in receipts and Payment Account…
CBSE Class 12 Accountancy HOTs Questions for all Chapters Set A
Please refer to link below for CBSE CBSE Class 12 Accountancy HOTs Questions for all Chapters.
CBSE Class 12 Accountancy HOTs Accounting for Debentures
UNIT 5: ACCOUNTING FOR DEBENTURES LEARNING OBJECTIVES I) Understand the meaning and features of debentures. II) Differentiate between shares and debentures. III) Understand different classes of debentures IV) Journal entries regarding issue of debentures for cash and for…
CBSE Class 12 Accountancy HOTs Cash Flow Statement
Very short Answer Type Question. From the following particulars, what will be the amount of provision for tax made during the year? Provision for Taxation 31.3.2018 - 50,000 31.3.2019 - 40,000 The Company paid taxes Rs 45,000 for the year 2018-2019. (a) Rs 45,000 (b) Rs…
CBSE Class 12 Accountancy HOTs Accounting For Share Capital
ACCOUNTING FOR SHARE CAPITAL & DEBENTURE Question. Jain Ltd has incurred a loss of Rs. 8,00,000 before payment of interest on debentures. The directors of the company are of the opinion that interest on debentures is payable only when company earn profit. Do you agree?…