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. Which of the following is main source of income of non-profit organisation? a) Sale of old books b) Sale of old furniture c) Received subscription d) Business Answer : C Question. For the year ending 31st March, 2022, the following entries appeared related to…
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…
CBSE Class 12 Accountancy Accounting Ratios Assignment
Question. Ratio analysis under financial analysis is significant as it a) ignores qualitative factors b) helps in window-dressing c) does not requires any standards d) helps in locating weak points of the firm Answer : D Question. Consider the following…
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…
CBSE Class 12 Accountancy Company Accounts Share Capital Assignment
LEARNING OBJECTIVES Understand the meaning and features of company I) Classification of share capital II) Understand the accounting treatment of over subscription, calls in arrears, premium and discount on issue of shares. III) Understand the meaning of forfeiture…