CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set B
1 A business has earned average profits of 100000 during the last few years and the normal rate of return in similar business is 10%. Find out the value of goodwill by: (i) Capitalization of super profit method and (ii) Super profit method if the goodwill is valued at 3 years…
CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set A
Goodwill is good name or the reputaion of the business, which is earned by a firm through the hardwork and honesty of its owners. If a firm renders good service to the customers, the customers who feel satisfied will come again and again and the firm will be able to earn more…
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set C
CBSE Class 12 Accountancy Sure Shot Questions (3). CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year…
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set B
CBSE Class 12 Accountancy Sure Shot Questions (2). Students can download these worksheets and practice them. This will help them to get better marks in examinations. Also refer to other worksheets for the same chapter and other subjects too. Use them for better understanding…
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set A
CBSE Class 12 Accountancy Sure Shot Questions (1). CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year…
CBSE Class 12 Accountancy Share Capital Worksheet Set B
Question : E Ltd. Had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was Rs. 5.F applied for 420 shares. What will be the number of shars allotted and the amount carried forward for adjustment against…
CBSE Class 12 Accountancy Share Capital Worksheet Set A
CHAPTER:-SHARE CAPITAL. Question : Name different types of Share Capital. Answer : (i) Authorised Share Capital. (ii) Issued Share Capital. (iii) Subscribed Share Capital. (iv) Called—up Share Capital. (v) Paid-up Share Capital. (vi) Reserve Capital. Question : What…
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set F
Question : What is the need and required entry to be passed in the books of the firm for distribution of specifi c reserve or fund?Answer : If specific reserve or funds like Workmen’s Compensation Fund, Investment Fluctuation Fund, etc. Are more in value than the actual…
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set E
Question : A, B and C are partners in the ratio of 3 : 5 : 7 respectively. C retires and his share was taken up by A & B in the ratio of 3 : 2. New profi t sharing ratio will be :(a) 5 : 7(b) 12 : 13 (c) 3 : 5 (d) 7 : 3 Answer : B Question : A, B and C are partners…
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set D
Question : X, Y and Z are Partners sharing profits in the ratio of 1/2, 1/3 and 1/6. X retires. New profit sharing ratio will be : (a) 2 : 1 (b) 1 : 2 (c) 2 : 3 (d) l : 3 Answer : A Question : X, Y and Z are partners sharing profits in the ratio of 4 : 3 : 2. Y retires. X…
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set C
Question : On the retirement of a partner, profit on revaluation of assets and liabilities should be credited to the Capital Accounts of : (a) All partners in the old profit-sharing ratio (b) The remaining partners in their old profit-sharing ratio (c) The remaining partners…
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set B
Question : On retirement of a partner, the retiring Partner’s Capital Account will be credited with : (a) His/her share of goodwill (b) Goodwill of the firm (c) Share of goodwill of remaining partners (d) None of these. Answer : A Question : A, B and C are partners. On…
CBSE Class 12 Accountancy Ratio Analysis Worksheet
MCQ Questions for NCERT Class 12 Accountancy Ratio Analysis Question. Trade receivable Includes: (a) Debtors (b) Bills receivables (c) both (a) and (b) (d) Either (a) or (b) Answer: C Question. 100- Operating Profit Ratio is equal to (a) Operating Ratio (b)…
CBSE Class 12 Accountancy Fundamentals Of Partnership Worksheet
According to Section -4 of the Indian Partnership Act, 1932: “Partnership is the relations between two or more persons who have agreed to share the profits of a business carried on by all or any one of them acting for all” Features of Partnership 1. Two or more persons: There…
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set B
CBSE Class 12 Accountancy Financial Statements of Company. CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams…