DK Goel Solutions

DK Goel Solutions Class 12 Accountancy Chapter 4 Common Size Statements

Short Answer Questions

Question .1.    What is meant by Common Size Statements? Give any two uses of Common Size Statements.

Solution . 1     Common Size Statement Express all items of a financial statement as a percentages of some common base such as revenue from operations for profit and loss statement and total assets for balance sheet.

 


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DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis

 

Short Answer Questions

Question 1.      What is meant by Comparative Financial Statements? Explain their objectives.

 


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DK Goel Solutions Class 12 Accountancy Chapter 2 Financial Statements Analysis

Short Answer Questions

Question 1.      State who may be interested in the analysis of financial statement and why?

Solution  1.      The interested in the analysis of the financial statement ananlysis may be studies from the point of view of varioud parties as follows:- 

 


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DK Goel Solutions Class 12 Accountancy Chapter 1 Financial Statements of Companies

 

 

Short Answer Questions


 


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DK Goel Solutions Class 12 Accountancy Chapter 9 Company Accounts Redemption of Debentures

Short Answer Questions

Question 1.        Shubh Limited has the following balance appearing in its Balance Sheet:

 


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DK Goel Solutions Class 12 Accountancy Chapter 8 Company Accounts Issue of Debentures

Short Answer Questions

Question 1.      Explain briefly issue of debentures at par, at discount and at premium. Taking imaginary examples pass necessary journal entries in all the cases.

Solution 1        Debentures may be issued either at par, at premium or at a discount.

Issue of Debentures at Par:-

 


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DK Goel Solutions Class 12 Accountancy Chapter 7 Company Accounts Issue of Share

Short Answer Questions


Question 1.      Show the Share Capital in Company’s balance sheet with imaginary figures.

Solution  1

 


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DK Goel Solutions Class 12 Accountancy Chapter 6 Dissolution of a Partnership Firm

 

Short Answer Questions


Question 1.       Write the circumstances under which a firm is dissolved.

Solution  1          Below are the circumstances under which a firm is dissolved:-

1.) When a partner has become of unsound mind.

 


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DK Goel Solutions Class 12 Accountancy Chapter 5 Retirement or Death of a Partner

 Short Answer Questions

Question 1.      Why a retiring or deceased partner is entitled to a share of goodwill of the firm?

 


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DK Goel Solutions Class 12 Accountancy Chapter 4 Admission of a Partner

 Short Answer Questions


Question 1.      Mention the various matters that need adjustments at the time of admission of a partner.

 


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