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
1 MARK QUESTIONS (To be answered in one word or one sentence) 1. In order to be successful an organization must change its goals according to the needs to the environment. Which characteristic of management is highlighted in the statement? 2. Managerial activities are…
CBSE Class 12 Accountancy Share Capital Worksheet Set B
Question : The subscribed share capital of S Ltd. is ₹ 50,00,000 of ₹ 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 42,500 shares. The calls in arrear amounted to ₹ 1,12,500. The Final Call on share :- (a) ₹ 15 (b) ₹ 12.…
CBSE Class 12 Accountancy Share Capital Worksheet Set A
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. …
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set B
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…
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set A
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,…
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…
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 Financial Statements Of Company Worksheet
MCQs Questions for NCERT Class 12 Accountancy Financial Statements Question . General Manager gets 10% commission on net profit after charging such commission. Gross Profit Rs.70,000 and general expenses other than manager’s commission are Rs. 12,000.…
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set B
Question. A partnership firm is compulsorily dissolved) : (a) When the business of the firm is declared illegal (b) When a partner of the firm dies (c) When a partner of the firm becomes insolvent (d) When a partner transfers his share to some other person without the consent…
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set A
MCQ Questions for NCERT Class 12 Accountancy Dissolution Of Partnership Firm Question: Anu, Bina and Charan are partners. The firm had given a loan of Rs 20,000 to Bina. They decided to dissolve the firm. In the event of dissolution, the loan will be settled…
CBSE Class 12 Accountancy Debentures Worksheet
MCQ Questions for NCERT Class 12 Accountancy Issue And Redemption Of Debentures Question. The following journal entry appears in the books of X Co. Ltd. Bank a/c Dr. 9,50,000 Loss on issue of debenture a/c Dr. 1,50,000 To 12 % Debentures a/c 10,00,000 To…
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A
VERY SHORT ANSWER QUESTIONS 1. What do you mean by Cash Flow statement? 2. What are the various activities classified as per AS-3(revised) related to Cash flow statement? 3. State one objective of Cash flow Statement. 4. What do you mean by cash equivalents? Ans. Short-term…
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set B
MCQ Questions for NCERT Class 12 Accountancy Admission Of Partner Question. The profit sharing ratio of Seeema and Ghosh was 5:3. They admitted Munmun as a new partner and the new profit sharing ratio of Seema, Gosh and Munmun was 4:3:3. The sacrificing ratio Seem and…