CBSE Class 12 Accountancy Analysis of Financial Statements VBQs
CBSE Class 12 Accountancy Analysis of Financial Statements VBQs Question 1. Borrowing cost is in par with Rate of return.Still companies prefer to raise funds through borrowings and not through Share Capital. Identify the value followed by the company in raising funds.…
CBSE Class 12 Accountancy Company Account Issue of Debentures VBQs
VERY SHORT ANSWER - QUESTIONS Question. Debenture holders are A) Debtors of the Company B) Creditors of the Company C) External users D) Owners of the Company Answer. B Question. Debenture Application A/c is in the form of A) Current Account B) Nominal Account C)…
CBSE Class 12 Accountancy Dissolution of Partnership Firms VBQs
VERY SHORT ANSWER QUESTIONS Question. Which o the following will be Transferred to Realisation Account? A. Goodwill appearing in the books at the time of Dissolution of Firm B. Investment Fluctuation Reserve C. Provision for Doubtful Debts D. General Reserve Choose the…
CBSE Class 12 Accountancy Reconstitution of Partnership VBQs
CBSE Class 12 Accountancy Reconstitution of Partnership VBQs Q.1. A…
CBSE Class 12 Accountancy Partnership Fundamentals VBQs
1. A,B and C are partners sharing profits in the ratio 3:2:1 and contribute capital ₹1,00,000; ₹ 80,000 and 60,000 respectively. Profit before adjustments is 84,000. Interest on capital is to be provided @ 10% p.a. Since C has to take care of his physically challenged…
CBSE Class 12 Accountancy Cash Flow Statement VBQs
ACCOUNTANCY VALUE BASED QUESTIONS FUNDAMENTALS Question. A, B and C are partners sharing profits in the ratio 3:2:1 and contribute capital Rs. 1, 00,000; Rs. 80,000 and Rs. 60,000 respectively. Profit before adjustments is Rs. 84,000. Interest on capital is to be…
CBSE Class 12 Accountancy Reconstitution of a Partnership Firm – Admission of a Partner VBQ
Multiple Choice Questions/Objective type Questions: Question. Sacrificing ratio is used to distribute --------------------- in case of admission of a partner. (a) Goodwill (b) Revaluation Profit or Loss (c) Profit and Loss Account (Credit Balance) (d) Both b and c Answer…
CBSE Class 12 Accountancy Accounting for Share Capital VBQs
Very Short Answer Type Questions: Question. State in brief, the SEBI guidelines regarding Debenture Redemption Reserve(DRR). Answer : As per SEBI guidelines, an amount equal to 50% of the debenture issue, must be transferred to DRR before the redemption begins. Question…