CBSE Class 12 Accountancy 2023
630 questions · 1500 marks · every one with the board’s own marking-scheme answer.
Marks by chapter
Counted from the 630 questions listed below, as the 2023 papers print them. CBSE allocates marks per unit, not per chapter — this is what was observed, not an official CBSE weightage. Every year compared →
| Chapter | Marks | Share |
|---|---|---|
| Accounting for Share Capital80 questions | 206 | 13.7% |
| Reconstitution of a Partnership Firm – Admission of a Partner73 questions | 167 | 11.1% |
| Issue and Redemption of Debentures53 questions | 152 | 10.1% |
| Reconstitution of a Partnership Firm – Retirement/Death of a Partner55 questions | 147 | 9.8% |
| Spreadsheet42 questions | 140 | 9.3% |
| Accounting for Partnership: Basic Concepts93 questions | 123 | 8.2% |
| Cash Flow Statement45 questions | 120 | 8.0% |
| Accounting Ratios50 questions | 115 | 7.7% |
| Dissolution of Partnership Firm36 questions | 105 | 7.0% |
| Overview of Computerised Accounting System45 questions | 81 | 5.4% |
| Using Computerised Accounting System18 questions | 47 | 3.1% |
| Financial Statements of a Company15 questions | 45 | 3.0% |
| Graphs and Charts for Business Data12 questions | 29 | 1.9% |
| Analysis of Financial Statements10 questions | 20 | 1.3% |
| Database Management System for Accounting3 questions | 3 | 0.2% |
630 questions from 2023
- Q1Vijay and Ajay are partners in a firm. The partnership agreement provides for interest on drawings @ 12% per annum.…1 mk
- Q1Rad he Ltd. forfeited 500 shares of ₹ 10 each fully called up for non-payment of final call of ₹ 3 per share. 300 of…1 mk
- Q1Net Assets minus capital reserve is: OR When a company issues shares at a premium, the company can collect securities…1 mk
- Q1Kavita, Savita and Madhu were partners in a firm with capitals of ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively.…1 mk
- Q1Ram and Mohan were partners with fixed capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. As per their partnership…1 mk
- Q1Mehak and Ravish were partners in a firm. On dissolution of the firm, the loan given by Mehak to the firm was ₹ 30,000,…1 mk
- Q1Manas and Mili are partners in a firm sharing profits in the ratio of 3: 2. Anita is admitted as a new partner for 1/4…1 mk
- Q1Keshav and Karan were partners in a firm sharing profits equally. The capitalised value of average profits of the firm…1 mk
- Q1A company forfeited 400 shares of ₹ 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. On…1 mk
- Q1Sujata Ltd. issued 5,000, 7% Debentures of ₹ 100 each at a premium of 10%. According to the terms of issue, 40% of the…1 mk
- Q1A share of ₹ 10 issued at a premium of ₹ 2 per share on which ₹ 8 per share (including premium) have been called and ₹…1 mk
- Q1Yuvraj and Yogesh were partners in a firm sharing profits in the ratio of 2: 1. They admitted Yogita as a new partner…1 mk
- Q1Nita and Samar are partners in a firm sharing profits in the ratio of 3: 2. Their fixed capitals were ₹ 90,000 and ₹…1 mk
- Q1Assertion: Increase in the value of liabilities on reconstitution of a firm is debited to Revaluation Account. Reason…1 mk
- Q1Hina and Neena are partners in a firm. Neena withdrew ₹ 10,000 per month at the beginning of each month during the year…1 mk
- Q2Ram and Mohan were partners with fixed capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. As per their partnership…1 mk
- Q2Kavita, Savita and Madhu were partners in a firm with capitals of ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively.…1 mk
- Q2is the basis of relationship between the partners to run the partnership business. OR At the time of change in profit…1 mk
- Q2Assertion: Under the fluctuating capital method, the balance in the capital account fluctuates from time to time.…1 mk
- Q2Keshav, Krishna and Murari were in partnership sharing profits and losses in the ratio of 3: 2: 1. Their fixed capitals…1 mk
- Q2Ria and Surbhi were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April,…1 mk
- Q2Assertion: Partnership is the relation between persons who have agreed to share the profits of the business carried on…1 mk
- Q2Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021…1 mk
- Q2Sunbeam Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. The Loss…1 mk
- Q2Aman and Chaman are partners in a firm. On 1st July, 2021 Aman advanced a loan of ₹ 6,00,000 to the firm. There is no…1 mk
- Q2Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3: 2: 1. Suman retired from the firm. On…1 mk
- Q2On dissolution of the firm of Ramesh, Suresh and Naresh, Naresh had agreed to bear all realisation expenses for which…1 mk
- Q2'A' and 'B' were partners in a firm sharing pr ofits and losses in the ratio of 7: 1. 'A' withdrew a fixed amount of ₹…1 mk
- Q2Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3: 2: 1. Suman retired from the firm. On…1 mk
- Q2Assertion: Interest on p artners' loan is debited to Profit and Loss Account. artners' loan is a charge against…1 mk
- Q3Aysha Ltd. forfeited 1,10,000 shares of ₹ 10 each issued at 20% premium for the non-payment of first call of ₹ 2 per…1 mk
- Q3is the basis of relationship between the partners to run the partnership business. OR At the time of change in profit…1 mk
- Q3Manmohan Ltd. invited applications for issuing 50,000 equity shares of ₹ 10 each at par. The amount payable per share…1 mk
- Q3Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures account will be credited…1 mk
- Q3Part of the uncalled share capital that can be called up only at the time of winding up of the company is called:1 mk
- Q3Gopal, Krishna and Govind are partners sharing profits and losses in the ratio of 5: 4: 3. Krishna retired on 1st…1 mk
- Q3Rad he Ltd. forfeited 500 shares of ₹ 10 each fully called up for non-payment of final call of ₹ 3 per share. 300 of…1 mk
- Q3Keshav, Krishna and Murari were in partnership sharing profits and losses in the ratio of 3: 2: 1. Their fixed capitals…1 mk
- Q3Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021…1 mk
- Q3Akshita Ltd. issued fully paid shares of ₹ 5,00,000 in purchase consideration of net assets of ₹ 4,70,000. The balance…1 mk
- Q3Net Assets minus capital reserve is: OR When a company issues shares at a premium, the company can collect securities…1 mk
- Q3Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase…1 mk
- Q3Assertion: Partnership is the relation between persons who have agreed to share the profits of the business carried on…1 mk
- Q3Mehak and Ravish were partners in a firm. On dissolution of the firm, the loan given by Mehak to the firm was ₹ 30,000,…1 mk
- Q3Akshita and Anurag are partners in a firm sharing profits in the ratio of 2: 1. Akshat is admitted in the firm with 1/3…1 mk
- Q4Zinki Limited forfeited a share of ₹ 100 issued at a premium of 20% for non - payment of first call of ₹ 30 per share…1 mk
- Q4On 1st October 2020, Amit, a partner, advanced a loan of ₹ 1,20,000 to the firm. In the absence of partnership deed,…1 mk
- Q4Kavita, Savita and Madhu were partners in a firm with capitals of ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively.…1 mk
- Q4Keshav and Karan were partners in a firm sharing profits equally. The capitalised value of average profits of the firm…1 mk
- Q4Keshav and Karan were partners in a firm sharing profits equally. The capitalised value of average profits of the firm…1 mk
- Q4Abhay and Ravi were partners in a firm sharing profits and losses in the ratio 2:1. During the year, Abhay withdrew ₹…1 mk
- Q4On dissolution of a partnership firm, furniture appearing in the Balance Sheet was ₹ 2,00,000. 50% of the furniture was…1 mk
- Q4Aditya, Abhinav and An kit were partners in a firm sharing profits in the ratio of 4: 3: 3. On 31st March, 2022, the…1 mk
- Q4Anuradha Ltd. issued 2,00,000, 7% debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5%. Discount…1 mk
- Q4Assertion: Goodwill is a intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of…1 mk
- Q4Rita and Usha were partners in a firm sharing profits and losses in the ratio of 3:5. During the year Usha withdrew ₹…1 mk
- Q4Sunbeam Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. The Loss…1 mk
- Q4Khushi, Namita and Manvi were partners in a firm sharing profits and losses in the ratio of 5: 2: 3. On 30 1 June,…1 mk
- Q4Suchi and Ruchi were partners in a firm sharing profits and losses equally. Throughout the year Ruchi withdrew ₹ 12,000…1 mk
- Q4L, M and N are partners sharing profits in the ratio of 5: 3: 2. They decided to share profits equally with effect from…1 mk
- Q5Vijay and Ajay are partners in a firm. The partnership agreement provides for interest on drawings @ 12% per annum.…1 mk
- Q5An equity share of 5 10 fully called up on which ₹ 6 has been paid was forfeited for the non-payment of the balance…1 mk
- Q5Indu, Vijay and Pawan were partners in a firm sharing profits in the ratio of 4: 3: 3. They admitted Subhash into…1 mk
- Q5Anuradha Ltd. issued 2,00,000, 7% debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5%. Discount…1 mk
- Q5On the reconstitution of a firm the value of furniture increased from ₹ 7,00,000 to ₹ 8,00,000 and stock reduced to ₹…1 mk
- Q5is the basis of relationship between the partners to run the partnership business. OR At the time of change in profit…1 mk
- Q5On reconstitution of a firm, the value of machinery was depreciated by ₹ 1,00,000 and investments increased to ₹ 70,000…1 mk
- Q5Assertion: Interest on p artners' loan is debited to Profit and Loss Account. Reason (R): Interest on p artners' loan…1 mk
- Q5Chavi Ltd. forfeited 5,000 equity shares of ₹ 10 each issued at a premium of ₹ 5 per share for non - payment of first…1 mk
- Q5Kavita, Savita and Madhu were partners in a firm with capitals of ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively.…1 mk
- Q5Which of the following will be transferred to Realisation Account at the time of dissolution of firm? (i) Provision for…1 mk
- Q5On the reconstitution of a firm, the value of the land was appreciated by ₹ 2,00,000 and plant and machinery reduced to…1 mk
- Q5On dissolution of the partnership firm of A, B and C, the accumulated profits of ₹ 40,000 will be transferred to which…1 mk
- Q5Which of the following statements is true for 'Reserve Capital'?1 mk
- Q5'A' and 'B' were partners in a firm sharing profits and losses in the ratio of 7: 1. 'A' withdrew a fixed amount of ₹…1 mk
- Q6The debentures which are payable on the expiry of a specified period either in lump-sum or in instalments during the…1 mk
- Q6Keshav, Krishna and Murari were in partnership sharing profits and losses in the ratio of 3: 2: 1. Their fixed capitals…1 mk
- Q6A share of ₹ 10 issued at a premium of ₹ 2 per share on which < 8 per share (including premium) have been called and ₹…1 mk
- Q6P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. P died on 1st September, 2022.…1 mk
- Q6Akshita and Anurag are partners in a firm sharing profits in the ratio of 2: 1. Akshat is admitted in the firm with 1/3…1 mk
- Q6200 equity shares of ₹ 10 each issued at par were forfeited fOr non-payment of first call of ₹ 3 per share. Final call…1 mk
- Q6Elite Ltd. issued 20,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. On issue of these…1 mk
- Q6Total assets of a partnership firm, which was dissolved were ₹ 30,00,000 and its total liabilities were ₹ 6,00,000.…1 mk
- Q6Manmohan Ltd. invited applications for issuing 50,000 equity shares of ₹ 10 each at par. The amount payable per share…1 mk
- Q6Amit, Sumit and Kiara are partners sharing profits and losses in the ratio 2: 2: 1. Sumit is entitled to a commission…1 mk
- Q6Assertion: Increase in the value of liabilities on reconstitution of a firm is debited to Revaluation Account. Reason…1 mk
- Q6At the time of forfeiture of shares, share capital account is debited with:1 mk
- Q6A company forfeited 400 shares of ₹ 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. On…1 mk
- Q6Gopal, Krishna and Govind are partners sharing profits and losses in the ratio of 5: 4: 3. Krishna retired on 1st…1 mk
- Q6Sunbeam Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. The Loss…1 mk
- Q7Kavita, Savita and Madhu were partners in a firm with capitals of ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively.…1 mk
- Q7Indu, Vijay and Pawan were partners in a firm sharing profits in the ratio of 4: 3: 3. They admitted Subhash into…1 mk
- Q7Vikram and Sumit were partners in a firm sharing profits and losses in the ratio of 2: 1. The capitals of Vikram and…1 mk
- Q7Assertion: Interest on p artners' loan is debited to Profit and Loss Account. Reason (R): Interest on p artners' loan…1 mk
- Q7Keshav, Krishna and Murari were in partnership sharing profits and losses in the ratio of 3: 2: 1. Their fixed capitals…1 mk
- Q7Elite Ltd. issued 20,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. On issue of these…1 mk
- Q7L, M and N are partners sharing profits in the ratio of 5: 3: 2. They decided to share profits equally with effect from…1 mk
- Q7Part of the uncalled share capital that can be called up only at the time of winding up of the company is called:1 mk
- Q7Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase…1 mk
- Q7Assertion: Goodwill is a intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of…1 mk
- Q7Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures account will be credited…1 mk
- Q7On dissolution of a partnership firm, furniture appearing in the Balance Sheet was ₹ 2,00,000. 50% of the furniture was…1 mk
- Q7Mehak and Ravish were partners in a firm. On dissolution of the firm, the loan given by Mehak to the firm was ₹ 30,000,…1 mk
- Q7At the time of forfeiture of shares, share capital account is debited with:1 mk
- Q7Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way…1 mk
- Q8Gopal, Krishna and Govind were partners sharing profits and losses in the ratio of 5:4:3. Krishna retired on 1st April,…1 mk
- Q8Sunbeam Limited issued 4,000, 6% Debentures of ₹ 100 each at ₹ 95 per debenture. 6% Debentures account will be credited…1 mk
- Q8On dissolution of a partnership firm, furniture appearing in the Balance Sheet was ₹ 2,00,000. 50% of the furniture was…1 mk
- Q8Which of the following will be transferred to Realisation Account at the time of dissolution of firm? (i) Provision for…1 mk
- Q8Anu, Monu and Sonu were partners in a firm sharing profits in the ratio of 5: 3: 2. Monu died on 1st January, 2022. Anu…1 mk
- Q8Kavita, Savita and Madhu were partners in a firm with capitals of ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively.…1 mk
- Q8Gopal, Krishna and Govind were partners sharing profits and losses in the ratio of 5:4:3. Krishna retired on 1st April,…1 mk
- Q8Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3: 2: 1. Suman retired from the firm. On…1 mk
- Q8A share of ₹ 10 issued at a premium of ₹ 2 per share on which ₹ 8 per share (including premium) have been called and ₹…1 mk
- Q8Part of the uncalled share capital that can be called up only at the time of winding up of the company is called:1 mk
- Q8Amit, Sumit and Kiara are partners sharing profits and losses in the ratio 2: 2: 1. Sumit is entitled to a commission…1 mk
- Q8The debentures which are payable on the expiry of a specified period either in lump-sum or in instalments during the…1 mk
- Q8Aman, Aadhar and Avinash were partners and sharing profits in the ratio of 3: 2: 1. Avinash retired from the firm on…1 mk
- Q8Sunbeam Limited issued 4,000, 6% Debentures of ₹ 100 each at ₹ 95 per debenture. 6% Debentures account will be credited…1 mk
- Q8A partnership firm has four partners. How many additional partners can be admitted into the business as per the…1 mk
- Q9Vikram and Sumit were partners in a firm sharing profits and losses in the ratio of 2: 1. The capitals of Vikram and…1 mk
- Q9Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3: 2. Their fixed capitals are ₹…1 mk
- Q9Ria and Surbhi were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April,…1 mk
- Q9Gaurav, Sonu and Anita are partners in a firm sharing profits in the ratio of 4: 3: 2. Sonu retires and the balance in…1 mk
- Q9A partnership firm has four partners. How many additional partners can be admitted into the business as per the…1 mk
- Q9Vijay and Ajay are partners in a firm. The partnership agreement provides for interest on drawings @ 12% per annum.…1 mk
- Q9Gopal, Krishna and Govind were partners sharing profits and losses in the ratio of 5:4:3. Krishna retired on 1st April,…1 mk
- Q9Assertion: Under the fluctuating capital method, the balance in the capital account fluctuates from time to time.…1 mk
- Q9Gurpreet, Vishal and Ananya are partners in a firm sharing profits in the ratio of 2: 3: 1. Vishal retires and the…1 mk
- Q9Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3: 2. Their fixed capitals are ₹…1 mk
- Q9Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3: 2. Their fixed capitals are ₹…1 mk
- Q9Chavi Ltd. forfeited 5,000 equity shares of ₹ 10 each issued at a premium of ₹ 5 per share for non - payment of first…1 mk
- Q9Anu, Charu and Divya are partners sharing profits and losses in the ratio of 2: 1: 2. Their capitals were ₹ 5,00,000, ₹…1 mk
- Q9Nidhi, Kunal and Kabir are partners in a firm sharing profits in the ratio of 2: 1: 2. Kunal retired and the balance in…1 mk
- Q9Anu, Charu and Divya are partners sharing profits and losses in the ratio of 2: 1: 2. Their capitals were ₹ 5,00,000, ₹…1 mk
- Q10Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3: 2. Their fixed capitals are ₹…1 mk
- Q10Sujata Ltd. issued 5,000, 7% Debentures of ₹ 100 each at a premium of 10%. According to the terms of issue, 40% of the…1 mk
- Q10Anu, Charu and Divya are partners sharing profits and losses in the ratio of 2: 1: 2. Their capitals were ₹ 5,00,000, ₹…1 mk
- Q10Anu, Charu and Divya are partners sharing profits and losses in the ratio of 2: 1: 2. Their capitals were ₹ 5,00,000, ₹…1 mk
- Q10Manmohan Ltd. invited applications for issuing 50,000 equity shares of ₹ 10 each at par. The amount payable per share…1 mk
- Q10Anu, Charu and Divya are partners sharing profits and losses in the ratio of 2: 1: 2. Their capitals were ₹ 5,00,000, ₹…1 mk
- Q10Aman, Aadhar and Avinash were partners and sharing profits in the ratio of 3: 2: 1. Avinash retired from the firm on…1 mk
- Q10Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3: 2. Their fixed capitals are ₹…1 mk
- Q10At the time of forfeiture of shares, share capital account is debited with:1 mk
- Q10Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5: 3: 2. Their fixed capitals are ₹…1 mk
- Q10Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way…1 mk
- Q10Assertion: Goodwill is a intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of…1 mk
- Q10Akshita Ltd. issued fully paid shares of ₹ 5,00,000 in purchase consideration of net assets of ₹ 4,70,000. The balance…1 mk
- Q10On dissolution of the firm of Ramesh, Suresh and Naresh, Naresh had agreed to bear all realisation expenses for which…1 mk
- Q10Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way…1 mk
- Q11The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The…1 mk
- Q11Anuradha Ltd. issued 2,00,000, 7% debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5%. Discount…1 mk
- Q11Sujata Ltd. issued 5,000, 7% Debentures of ₹ 100 each at a premium of 10%. According to the terms of issue, 40% of the…1 mk
- Q11Khushi, Namita and Manvi were partners in a firm sharing profits and losses in the ratio of 5: 2: 3. On 30 1 June,…1 mk
- Q11A partnership firm has four partners. HOW many additional partners can be admitted into the business as per the…1 mk
- Q11Elite Ltd. issued 20,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. On issue of these…1 mk
- Q11Gopal, Krishna and Govind are partners sharing profits and losses in the ratio of 5: 4: 3. Krishna retired on 1st…1 mk
- Q11Vikram and Sumit were partners in a firm sharing profits and losses in the ratio of 2: 1. The capitals of Vikram and…1 mk
- Q11An equity share of ₹ 10 fully called up on which ₹ 6 has been paid was forfeited for the non-payment of the balance…1 mk
- Q11Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures account will be credited…1 mk
- Q11'A' and 'B' were partners in a firm sharing profits and losses in the ratio of 7: 1. 'A' withdrew a fixed amount of ₹…1 mk
- Q11Aysha Ltd. forfeited 1,10,000 shares of ₹ 10 each issued at 20% premium for the non-payment of first call of ₹ 2 per…1 mk
- Q11Anu, Charu and Divya are partners sharing profits and losses in the ratio of 2: 1: 2. Their capitals were ₹ 5,00,000, ₹…1 mk
- Q11P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. P died on 1st September, 2022.…1 mk
- Q11Total assets of a partnership firm, which was dissolved were ₹ 30,00,000 and its total liabilities were ₹ 6,00,000.…1 mk
- Q12Total assets of a partnership firm, which was dissolved were ₹ 30,00,000 and its total liabilities were ₹ 6,00,000.…1 mk
- Q12That portion of the uncalled capital which is called only in the event of winding up of the company, is called:1 mk
- Q12200 equity shares of ₹ 10 each issued at par were forfeited for non-payment of first call of ₹ 3 per share. Final call…1 mk
- Q12That portion of the called-up capital which has been actually received from the shareholders is called:1 mk
- Q12Average capital employed in a firm is ₹ 1,60,000. The normal rate of return is 15% and its average profits are ₹…1 mk
- Q12L, M and N are partners sharing profits in the ratio of 5: 3: 2. They decided to share profits equally with effect from…1 mk
- Q12Anu, Monu and Sonu were partners in a firm sharing profits in the ratio of 5: 3: 2. Monu died on 1st January, 2022. Anu…1 mk
- Q12That part of the authorised capital which is actually issued to the public for subscription is called:1 mk
- Q12Average capital employed in a firm is ₹ 3,00,000. The normal rate of return in the business is 20% and the {arm's…1 mk
- Q12Rhythm Ltd. took over assets of ₹ 30,00,000 and liabilities of ₹ 12,00,000 of Shyam Ltd. for a purchase consideration…1 mk
- Q12Net Assets minus capital reserve is: OR When a company issues shares at a premium, the company can collect securities…1 mk
- Q12An equity share of 5 10 fully called up on which ₹ 6 has been paid was forfeited for the non-payment of the balance…1 mk
- Q12Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021…1 mk
- Q12Chavi Ltd. forfeited 5,000 equity shares of ₹ 10 each issued at a premium of ₹ 5 per share for non - payment of first…1 mk
- Q12On dissolution of the firm of Ramesh, Suresh and Naresh, Naresh had agreed to bear all realisation expenses for which…1 mk
- Q13Ram and Mohan were partners with fixed capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. As per their partnership…1 mk
- Q13200 equity shares of ₹ 10 each issued at par were forfeited for non-payment of first call of ₹ 3 per share. Final call…1 mk
- Q13Isha and Naman were partners in a firm sharing profits and losses in the ratio of 2: 3. With effect from 1st April,…1 mk
- Q13Jeevan Ltd. forfeited 50 shares of ₹ 100 each on which allotment money of ₹ 30 per share (including premium of ₹ 10 per…1 mk
- Q13On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment of…1 mk
- Q13Rad he Ltd. forfeited 500 shares of ₹ 10 each fully called up for non-payment of final call of ₹ 3 per share. 300 of…1 mk
- Q13X Ltd. forfeited 100 shares of ₹ 10 each, ₹ 8 called-up for non - payment of allotment money of ₹ 5 per share…1 mk
- Q13Zinki Limited forfeited a share of ₹ 100 issued at a premium of 20% for non - payment of first call of ₹ 30 per share…1 mk
- Q13Khushi, Namita and Manvi were partners in a firm sharing profits and losses in the ratio of 5: 2: 3. On 30 h June,…1 mk
- Q13Aditya, Abhinav and An kit were partners in a firm sharing profits in the ratio of 4: 3: 3. On 31st March, 2022, the…1 mk
- Q13Aman and Chaman are partners in a firm. On 1st July, 2021 Aman advanced a loan of ₹ 6,00,000 to the firm. There is no…1 mk
- Q13On 1st October 2020, Amit, a partner, advanced a loan of ₹ 1,20,000 to the firm. In the absence of partnership deed,…1 mk
- Q13Hina and Neena are partners in a firm. Neena withdrew ₹ 10,000 per month at the beginning of each month during the year…1 mk
- Q13Keshav, Krishna and Murari were in partnership sharing profits and losses in the ratio of 3: 2: 1. Their fixed capitals…1 mk
- Q13On 1st October 2020, Amit, a partner, advanced a loan of ₹ 1,20,000 to the firm. In the absence of partnership deed,…1 mk
- Q14A portion of the called-up capital which has been actually received from the shareholders is termed as:1 mk
- Q14A company forfeited 400 shares of ₹ 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. On…1 mk
- Q14Ria and Surbhi were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April,…1 mk
- Q14On dissolution of the partnership firm of A, B and C, the accumulated profits of ₹ 40,000 will be transferred to which…1 mk
- Q14Akshita and Anurag are partners in a firm sharing profits in the ratio of 2: 1. Akshat is admitted in the firm with 1/3…1 mk
- Q14Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5:3:2. Their fixed capitals were ₹…1 mk
- Q14Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 51312. Their fixed capitals were ₹…1 mk
- Q14Keshav, Krishna and Murari were in partnership sharing profits and losses in the ratio of 3: 2: 1. Their fixed capitals…1 mk
- Q14A partnership firm has capital employed of ₹ 6,00,000. Its average profits are ₹ 80,000. The normal rate of return in…1 mk
- Q14On dissolution of the partnership firm of A, B and C, the accumulated profits of ₹ 40,000 will be transferred to which…1 mk
- Q14Hina and Neena are partners in a firm. Neena withdrew ₹ 10,000 per month at the beginning of each month during the year…1 mk
- Q14Assertion: Increase in the value of liabilities on reconstitution of a firm is debited to Revaluation Account. Reason…1 mk
- Q14Indu, Vijay and Pawan were partners in a firm sharing profits in the ratio of 4: 3: 3. They admitted Subhash into…1 mk
- Q14Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5:3:2. Their fixed capitals were ₹…1 mk
- Q14A portion of the uncalled capital to be called only in the event of winding up of the company is termed as:1 mk
- Q15Which of the following will be transferred to Realisation Account at the time of dissolution of firm? (i) Provision for…1 mk
- Q15Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 51312. Their fixed capitals were ₹…1 mk
- Q15Assertion: Partnership is the relation between persons who have agreed to share the profits of the business carried on…1 mk
- Q15On 1st April, 2021, Narmada Ltd. issued 5,000, 8% Debentures of ₹ 100 each at a premium of 10%. The total amount of…1 mk
- Q15The debentures which are payable on the expiry of a specified period either in lump-sum or in instalments during the…1 mk
- Q15If a fixed amount is withdrawn by a partner at the end of each quarter, 'interest on drawings' on the total amount…1 mk
- Q15Aman and Chaman are partners in a firm. On 1st July, 2021 Aman advanced a loan of ₹ 6,00,000 to the firm. There is no…1 mk
- Q15Niva, Naman and Nityam were partners sharing profits in the ratio of 1 from their share to Nityam on 4: 3: 2. Niva and…1 mk
- Q15Zinki Limited forfeited a share of ₹ 100 issued at a premium of 20% for non - payment of first call of ₹ 30 per share…1 mk
- Q15Amit, Sumit and Kiara are partners sharing profits and losses in the ratio 2: 2: 1. Sumit is entitled to a commission…1 mk
- Q15Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5:3:2. Their fixed capitals were ₹…1 mk
- Q15Niva, Naman and Nityam were partners sharing profits in the ratio of 1 from their share to Nityam on 4: 3: 2. Niva and…1 mk
- Q15Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5:3:2. Their fixed capitals were ₹…1 mk
- Q15If a fixed amount is withdrawn by a partner at the beginning of each month, interest on drawings on the total amount…1 mk
- Q15The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The…1 mk
- Q16Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase…1 mk
- Q16Akshita Ltd. issued fully paid shares of ₹ 5,00,000 in purchase consideration of net assets of ₹ 4,70,000. The balance…1 mk
- Q16On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment of…1 mk
- Q16Sunbeam Limited issued 4,000, 6% Debentures of ₹ 100 each at ₹ 95 per debenture. 6% Debentures account will be credited…1 mk
- Q16Aditi and Bobby were partners with capitals of ₹ 30,000 each. They 1 share in the profits of the firm. admitted Chetan…1 mk
- Q16Assertion: Under the fluctuating capital method, the balance in the capital account fluctuates from time to time.…1 mk
- Q16Aysha Ltd. forfeited 1,10,000 shares of ₹ 10 each issued at 20% premium for the non-payment of first call of ₹ 2 per…1 mk
- Q16Anu, Monu and Sonu were partners in a firm sharing profits in the ratio of 5: 3: 2. Monu died on 1st January, 2022. Anu…1 mk
- Q16On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment of…1 mk
- Q16Niva, Naman and Nityam were partners sharing profits in the ratio of 1 from their share to Nityam on 4: 3: 2. Niva and…1 mk
- Q16Aditya, Abhinav and An kit were partners in a firm sharing profits in the ratio of 4: 3: 3. On 31st March, 2022, the…1 mk
- Q16The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The…1 mk
- Q16P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. P died on 1st September, 2022.…1 mk
- Q16Mehak and Chehak were partners with capitals of ₹ 40,000 each. They admitted Aadi as a new partner for 1/5 share in the…1 mk
- Q16Aman, Aadhar and Avinash were partners and sharing profits in the ratio of 3: 2: 1. Avinash retired from the firm on…1 mk
- Q17Mansi, Mona and Amar were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Mona retired on 1st…3 mk
- Q17Niti and Aditi were partners in a firm sharing profits and losses in the 1th share in the ratio of 2: 3. They admitted…3 mk
- Q17Aayush and Aarushi are partners sharing profits and losses in the ratio of 3: 2. They admitted Naveen into partnership…3 mk
- Q17Tarun, Abhishek, Kamal and Vivek were partners in a firm sharing profits in the ratio of 5: 3: 2: 2. Kamal retired on…3 mk
- Q17Rohit and Mohit were partners in a firm sharing profits and losses in the 1 share in profits. ratio of 3: 2. Rahul was…3 mk
- Q17Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase…3 mk
- Q17Suman, Vivek and Vinod were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Suman retired on 1st…3 mk
- Q17Mahesh and Suresh were partners in a firm sharing profits and losses in 1th the ratio of 2: 1. They decided to admit…3 mk
- Q17Tarun, Abliishek, Kamal and Vivek were partners in a firm sharing profits in the ratio of 5: 3: 2: 2. Kamal retired on…3 mk
- Q17Raman, Manan and Naman were partners sharing profit in the ratio of 2: 1: 1. Raman withdrew ₹ 3,000 every month and…3 mk
- Q17Kanak, Kamal and Kanha are partners in a firm. Their fixed capitals were ₹ 5,00,000, ₹ 10,00,000 and ₹ 15,00,000…3 mk
- Q17M Ltd. issued 10,000, 8% Debentures of ₹ 100 each at 6% discount. The amount was payable as ₹ 60 on application and the…3 mk
- Q17Shweta, Meenu and Asha were partners in a firm sharing profits and losses in the ratio of 3: 5: 2. Meenu retired on 1st…3 mk
- Q17Mita, Geeta and Mohit were partners in a firm sharing profits and losses in the ratio of 5:3:2. With effect from 1st…3 mk
- Q17Mohan, Sohan and Suresh were partners in a firm sharing profits in the ratio of 2:2:1. Suresh was guaranteed a profit…3 mk
- Q18Monika, Bhoomika and Kamolika are partners sharing profits in the ratio of 6: 4: 1. Kamolika is guaranteed a minimum…3 mk
- Q18Mohan, Sohan and Suresh were partners in a firm sharing profits in the ratio of 2:2:1. Suresh was guaranteed a profit…3 mk
- Q18Isha, Surbhi, Naman and Manya were partners in a firm sharing profits and losses in the ratio of 4: 3: 2: 1. They…3 mk
- Q18Miter, Geeta and Mohit were partners in a firm sharing profits and losses in the ratio of 5:3:2. With effect from 1st…3 mk
- Q18Sangeeta, Deepa, Ajay and Lalit were partners in a firm sharing profits and losses in the ratio of 3: 2: 4: 1. They…3 mk
- Q18Vibha, Sud ha and As fish were partners in a firm sharing profits in the ratio 2:3:l. Sud ha retired and the balance in…3 mk
- Q18Ashy, Disha and Raghav were partners in a firm sharing profits in the ratio of 2: 3: 1. According to the partnership…3 mk
- Q18Aayush and Aarushi are partners sharing profits and losses in the ratio of 3: 2. They admitted Naveen into partnership…3 mk
- Q18M Ltd. issued 10,000, 8% Debentures of ₹ 100 each at 6% discount. The amount was payable as ₹ 60 on application and the…3 mk
- Q18Raman, Manan and Naman were partners sharing profit in the ratio of 2: 1: 1. Raman withdrew ₹ 3,000 every month and…3 mk
- Q18On 1st April, 2021, Hitesh Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 40,000 of Pranjal Ltd. at an agreed…3 mk
- Q18Anu, Manu, Tanu and Kanu were partners in a firm sharing profits and losses in the ratio of 2: 1: 2: 1. They decided to…3 mk
- Q18On 1st April, 2021, Hitesh Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 40,000 of Pranjal Ltd. at an agreed…3 mk
- Q18M Ltd. issued 10,000, 8% Debentures of ₹ 100 each at 6% discount. The amount was payable as ₹ 60 on application and the…3 mk
- Q18Asha, Disha and Raghav were partners in a firm sharing profits in the ratio of 2: 3: 1. According to the partnership…3 mk
- Q19Annex Ltd. issued 1,00,000 shares of ₹ 10 each at a premium of 10% to the public for subscription. The whole amount was…3 mk
- Q19Mohan, Sohan and Suresh were partners in a firm sharing profits in the ratio of 2:2:1. Suresh was guaranteed a profit…3 mk
- Q19Vibha, Sud ha and As fish were partners in a firm sharing profits in the ratio 2:3:1. Sud ha retired and the balance in…3 mk
- Q19Asha, Disha and Raghav were partners in a firm sharing profits in the ratio of 2: 3: 1. According to the partnership…3 mk
- Q19Tarun, Abhishek, Kamal and Vivek were partners in a firm sharing profits in the ratio of 5: 3: 2: 2. Kamal retired on…3 mk
- Q19Vibha, Sud ha and As fish were partners in a firm sharing profits in the ratio 2:3:1. Sud ha retired and the balance in…3 mk
- Q19Raman, Manan and Naman were partners sharing profit in the ratio of 2: 1: 1. Raman withdrew ₹ 3,000 every month and…3 mk
- Q19On 1st April, 2021, Hitesh Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 40,000 of Pranjal Ltd. at an agreed…3 mk
- Q19Kanak, Kamal and Kanha are partners in a firm. Their fixed capitals were ₹ 5,00,000, ₹ 10,00,000 and ₹ 15,00,000…3 mk
- Q19Monika, Bhoomika and Kamolika are partners sharing profits in the ratio of 6: 4: 1. Kamolika is guaranteed a minimum…3 mk
- Q19Annex Ltd. issued 1,00,000 shares of ₹ 10 each at a premium of 10% to the public for subscription. The whole amount was…3 mk
- Q19Monika, Bhoomika and Kamolika are partners sharing profits in the ratio of 6: 4: 1. Kamolika is guaranteed a minimum…3 mk
- Q19On 1st April, 2022, the capital of the firm of Ashu and Madhav is ₹ 1,50,000. The normal rate of return on capital…3 mk
- Q19Aayush and Aarushi are partners sharing profits and losses in the ratio of 3: 2. They admitted Naveen into partnership…3 mk
- Q19Kanak, Kamal and Kanha are partners in a firm. Their fixed capitals were ₹ 5,00,000, ₹ 10,00,000 and ₹ 15,00,000…3 mk
- Q20Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase…3 mk
- Q20Kuber Ltd. purchased assets worth ₹ 10,00,000 and took over liabilities of ₹ 1,00,000 of Amrit Ltd. for a purchase…3 mk
- Q20Aditi, Bobby and Krish were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Their capitals were…3 mk
- Q20Vimal Ltd. purchased assets worth ₹ 5,00,000 and took over liabilities of ₹ 1,00,000 of Kapil Ltd. for a purchase…3 mk
- Q20Sunny, Vaibhav and Mita were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Sunny retired on…3 mk
- Q20Neon Ltd. purchased assets worth ₹ 18,00,000 and took over liabilities of ₹ 2,00,000 of Zenith Ltd. for a purchase…3 mk
- Q20Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase…3 mk
- Q20Annex Ltd. issued 1,00,000 shares of ₹ 10 each at a premium of 10% to the public for subscription. The whole amount was…3 mk
- Q20On 1st April, 2022, the capital of the firm of Ashu and Madhav is ₹ 1,50,000. The normal rate of return on capital…3 mk
- Q20Raj, Mehak and Divya were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their respective…3 mk
- Q20Miter, Geeta and Mohit were partners in a firm sharing profits and losses in the ratio of 5:3:2. With effect from 1st…3 mk
- Q20On 1st April, 2022, the capital of the firm of Ashu and Madhav is ₹ 1,50,000. The normal rate of return on capital…3 mk
- Q20A, B and C were partners in a firm sharing profits and losses equally. Their respective capitals were ₹ 10,00,000, ₹…3 mk
- Q20Vanshika and Shikha were partners in a firm with capitals of ₹ 1,00,000 and ₹ 80,000 respectively. They admitted Nisha…3 mk
- Q20A and B are partners in a firm sharing profits in the ratio of 3: 2. C is 1 share in profits. The total capital of the…3 mk
- Q21Prakash, Aakash and Vikas were partners in a business sharing profits in the ratio of 2: 2: 1. Their Balance Sheet as…4 mk
- Q21Sunstar Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited…4 mk
- Q21Prakash, Aakash and Vikas were partners in a business sharing profits in the ratio of 2: 2: 1. Their Balance Sheet as…4 mk
- Q21Sandesh Ltd. has an authorised capital of ₹ 30,00,000 divided into equity shares of ₹ 10 each. The company invited…4 mk
- Q21Pawan Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 1,00,000 equity shares of ₹ 10 each.…4 mk
- Q21Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully…4 mk
- Q21Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully…4 mk
- Q21Ravi, Kavi and Chand were partners sharing profits in the ratio of 5: 3: 2. On 31st March, 2022, their Balance Sheet…4 mk
- Q21Unnati Ltd. was registered with an authorised capital of ₹ 8,00,000 divided into equity shares of ₹ 10 each. The…4 mk
- Q21Shiv Ltd. was registered with an authorised capital of ₹ 9,00,000 divided into equity shares of ₹ 10 each. The company…4 mk
- Q21Madhur Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited…4 mk
- Q21Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully…4 mk
- Q21Ravi, Kavi and Chand were partners sharing profits in the ratio of 5: 3: 2. On 31st March, 2022, their Balance Sheet…4 mk
- Q21Narmada Ltd. has an authorized capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. The company issued a…4 mk
- Q21Tanay Ltd. has an authorised capital of ₹ 40,00,000 divided into equity shares of ₹ 10 each. The company invited…4 mk
- Q22P, Q and R were partners in a firm sharing profits and losses in the ratio of 2:1:2. Their balance sheet on 31st March,…4 mk
- Q22Somali, Sohan and Shivain were partners in a pen manufacturing firm. They were sharing profits and losses in the ratio…4 mk
- Q22Sudhir, Deepak and Naveen were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March,…4 mk
- Q22On 1st April, 2021, Prabha Ltd. was formed with an authorised capital of ₹ 90,00,000 divided into 90,000 equity shares…4 mk
- Q22A, B and C were partners in a printer manufacturing firm. They were sharing profits and losses in the ratio of 2: 2: 1.…4 mk
- Q22Sunstar Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited…4 mk
- Q22Sunstar Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited…4 mk
- Q22Mina, Beena and Veena were partners in a firm sharing profits & losses equally. Their balance sheet as on 31st March,…4 mk
- Q22Prakash, Aakash and Vikas were partners in a business sharing profits in the ratio of 2: 2: 1. Their Balance Sheet as…4 mk
- Q22Ravi, Kavi and Chand were partners sharing profits in the ratio of 5: 3: 2. On 31st March, 2022, their Balance Sheet…4 mk
- Q22Sudhir, Deepak and Naveen were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March,…4 mk
- Q22On 1st April, 2021, Vishwas Ltd. was formed with an authorised capital of ₹ 10,00,000 divided into 1,00,000 equity…4 mk
- Q22Sudhir, Deepak and Naveen were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March,…4 mk
- Q22M, B and V were partners in a firm sharing profits & losses in the ratio of 6:3:1. On 30th September, 2022, V died.…4 mk
- Q22P, Q and R were partners in a water dispenser manufacturing firm. They were sharing profits and losses in the ratio of…4 mk
- Q23Pass necessary journal entries for the following transactions on the dissolution of a firm after various assets (other…6 mk
- Q23Kamal, Rahul and Neeraj were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March,…6 mk
- Q23Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tina…6 mk
- Q23Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount…6 mk
- Q23G and M were partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March 2022, their balance sheet…6 mk
- Q23Yuv and Veer were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet as on 31st…6 mk
- Q23Pass necessary journal entries for the forfeiture and reissue of shares in the following cases: (i) BCG Limited…6 mk
- Q23Pass necessary journal entries for issue of 12% debentures in the books of Ghanshyam Ltd. in the following cases: (i)…6 mk
- Q23Aadish and Shreyansh were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2022 their…6 mk
- Q23On 31st March, 2022 the Balance Sheet of partners A and B, who were sharing profits in the ratio of 3: 2 was as…6 mk
- Q23Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance…6 mk
- Q23Pass necessary journal entries for issue of 12% Debentures in the books of Hemant Ltd. in the following cases: (i)…6 mk
- Q23Vani Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of 10%. The amounts were…6 mk
- Q23Vani Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of 10%. The amounts were…6 mk
- Q23Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tanay…6 mk
- Q24Vani Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of 10%. The amounts were…6 mk
- Q24Pass the necessary journal entries for the following transactions on dissolution of the firm of Kartik and Karan after…6 mk
- Q24On 31st March, 2022 the Balance Sheet of partners A and B, who were sharing profits in the ratio of 3: 2 was as…6 mk
- Q24Pass the necessary journal entries for the following transactions on dissolution of the firm of Varun and Vivek after…6 mk
- Q24Pass necessary journal entries for the issue of debentures in the following cases: (i) Issued ₹ 7,00,000, 9% debentures…6 mk
- Q24Pass the necessary journal entries for the issue of debentures in the books of Amrit Ltd. for the following…6 mk
- Q24Pass necessary journal entries for the forfeiture and reissue of shares in the following cases: (i) BCG Limited…6 mk
- Q24Pass necessary journal entries for the issue of debentures in the following cases: (i) Issued ₹ 75,00,000, 9%…6 mk
- Q24Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance…6 mk
- Q24Kamal, Rahul and Neeraj were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March,…6 mk
- Q24Aadish and Shreyansh were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2022 their…6 mk
- Q24Yuv and Veer were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet as on 31st…6 mk
- Q24Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount…6 mk
- Q24Pass necessary journal entries for the issue of debentures in the following cases: (i) Issued 5,000, 9% debentures of ₹…6 mk
- Q24Kamal, Rahul and Neeraj were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March,…6 mk
- Q25Pass necessary Journal Entries for the following transactions, on the dissolution of a partnership firm of Kavita and…6 mk
- Q25Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount…6 mk
- Q25Bhumi and Chavi were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted Aditi in the…6 mk
- Q25Bhumi and Chavi were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted Aditi in the…6 mk
- Q25Pass necessary Journal Entries for the following transactions on the dissolution of a partnership firm of Mita and Sonu…6 mk
- Q25Madhav and Girdhari were partners in a firm sharing profits and losses in the ratio of 3:1. Their balance sheet as at…6 mk
- Q25Garda Ltd. invited applications for issuing 10,000 equity shares of ₹ 10 each. The amount per share was payable as…6 mk
- Q25On 31st March, 2022 the Balance Sheet of partners A and B, who were sharing profits in the ratio of 3: 2 was as…6 mk
- Q25Yuv and Veer were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet as on 31st…6 mk
- Q25Yash Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 10%. The amount was payable as…6 mk
- Q25Ganga Ltd. invited applications for issuing 10,000 equity shares of 5 10 each. The amount per share was payable as…6 mk
- Q25Pass necessary journal entries for the forfeiture and reissue of shares in the following cases: (i) BCG Limited…6 mk
- Q25Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance…6 mk
- Q25Aadish and Shreyansh were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2022 their…6 mk
- Q25C, D, E were partners in a firm sharing profits in the ratio of 3: 1: 1. Their Balance Sheet as at 31st March, 2022 was…6 mk
- Q26Madhav and Girdhari were partners in a firm sharing profits and losses in the ratio of 3:1. Their balance sheet as at…6 mk
- Q26Pass necessary journal entries for the following transactions relating to the issue of debentures: Gagan Limited issued…6 mk
- Q26Madhav and Girdhari were partners in a firm sharing profits and losses in the ratio of 3:1. Their balance sheet as at…6 mk
- Q26Yash Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 10%. The amount was payable as…6 mk
- Q26On 1st April, 2022, Smith Ltd. acquired assets of ₹ 80,00,000 from Bharat Ltd. and took over its liabilities of ₹…6 mk
- Q26Chiranjeevi Limited issued 2,000, 10% debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of…6 mk
- Q26Pass necessary journal entries relating to the issue of debentures in the books of Akash Ltd. for the following…6 mk
- Q26Garda Ltd. invited applications for issuing 10,000 equity shares of 5 10 each. The amount per share was payable as…6 mk
- Q26Pass necessary journal entries relating to issue of debentures in the books of Shree Ltd. for the following…6 mk
- Q26On 1st October, 2021 Pihu Ltd. issued ₹ 15,00,000, 9% Debentures of ₹ 20 each at a discount of ₹ 6 per debenture. The…6 mk
- Q26On 1st April, 2021, LM Ltd. issued ₹ 45,00,000, 12% Debentures of ₹ 50 each at a discount of 10%. On 31st March, 2022…6 mk
- Q26Bhumi and Chavi were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted Aditi in the…6 mk
- Q26Chiranjeevi Limited issued 2,000, 10% debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of…6 mk
- Q26Chiranjeevi Limited issued 2,000, 10% debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of…6 mk
- Q26Yash Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 10%. The amount was payable as…6 mk
- Q27Which of the following transactions would result in inflow of cash and cash equivalents:1 mk
- Q27The current assets of X Ltd. are ₹ 2,00,000 and its current liabilities are ₹ 1,50,000. If, its working capital…1 mk
- Q27Which of the following is not a 'Profitability Ratio': OR Which of the following is a tool of 'Analysis of Financial…1 mk
- Q27Which of the following equations is correct: OR Which of the following is a tool of Analysis of Financial Statements:…1 mk
- Q27Which of these is not a argument of the IF function? OR How many blank worksheets are shown when a new workbook is…1 mk
- Q27Which of the following transaction will result in no flow of cash? OR Match the transactions given in Column - II with…1 mk
- Q27Which of the following are not tools of Financial Analysis? (i) Cash Flow Statement (ii) Income Statement (iii) Balance…1 mk
- Q27Which of the following will result in flow of cash? OR An investment normally qualifies as cash equivalent only when it…1 mk
- Q27Which of the following transactions are shown under financing activities while preparing cash flow statement: (i) Issue…1 mk
- Q27When the accumulated data from various sources is processed in one shot, it is called:1 mk
- Q27Which of the following is a tool of Analysis of Financial Statements? OR ratios are calculated to determine the ability…1 mk
- Q27Which of the following transactions is not related to cash flows from investing activities:1 mk
- Q27Which of the following will result in flow of cash? OR An investment normally qualifies as cash equivalent only when it…1 mk
- Q27Which type of software package is suitable for an organization where the volume of transactions is very low and…1 mk
- Q27Codes comprising of alphabets or abbreviation are known as1 mk
- Q27works as a platform to work with 'Tally.1 mk
- Q27How many logical values can be entered into a logical function?1 mk
- Q27Which of the following transactions are shown under financing activities while preparing cash flow statement: (i) Issue…1 mk
- Q27If revenue from operations is ₹ 10,00,000 and gross profit is 25% on cost, cost of revenue from operations will be: OR…1 mk
- Q27Which of the following components of computerised accounting system are known as raw facts for any business…1 mk
- Q27Which one of the following statement is/are correct? (i) Quick Ratio is considered better than Current Ratio as a…1 mk
- Q27A is identified by combination of letter and number corresponding to particular location within the spreadsheet. OR…1 mk
- Q27The need of codification is for: OR Which of the following software packages is suitable for an organisation where the…1 mk
- Q27Absence of data items is represented by one of the special values from the following i.e.: OR The process of comparing…1 mk
- Q27From the following a legend can be repositioned on a chart: OR Which of the following are the five pillars of…1 mk
- Q27Maximum number of characters that can be used to write a field name in MS Access is: OR Which of the following command…1 mk
- Q27To safeguard assets and optimise the use of resources, a business OR Correct error appears:1 mk
- Q27The name of accounting information sub - system which is linked with other sub - systems for obtaining information…1 mk
- Q27Interest of ₹ 3,000 received in cash on loans and advances will result in: OR In case of a financial enterprise whose…1 mk
- Q27The need of codification is for: OR Where are the amounts owed by customers for credit purchases found in books of…1 mk
- Q28From the following a legend can be repositioned on a chart: OR Which of the following are the five pillars of…1 mk
- Q28Which of the following menu is used to create a group:1 mk
- Q28The name of accounting information sub - system which is linked with other sub - systems for obtaining information…1 mk
- Q28The outcome of an arithmetic expression or function is called:1 mk
- Q28Which of the following transactions would result in inflow of cash and cash equivalents:1 mk
- Q28Codes comprising of alphabets or abbreviation are known as1 mk
- Q28Which of the following is not a Solvency Ratio?1 mk
- Q28Which of the following transaction will result in no flow of cash? OR Match the transactions given in Column - II with…1 mk
- Q28The 'Inventory Turnover Ratio' from the following information will be:? Revenue from operations 12,00,000 Average…1 mk
- Q28Which of the following are not tools of Financial Analysis? (i) Cash Flow Statement (ii) Income Statement (iii) Balance…1 mk
- Q28Which of the following equations is correct: OR Which of the following is a tool of Analysis of Financial Statements:…1 mk
- Q28When the accumulated data from various sources is processed in one shot, it is called:1 mk
- Q28Which of the following is a tool of Analysis of Financial Statements? OR ratios are calculated to determine the ability…1 mk
- Q28Which of the following are not tools of Financial Analysis? (i) Cash Flow Statement (ii) Income Statement (iii) Balance…1 mk
- Q28Maximum number of characters that can be used to write a field name in MS Access is: OR Which of the following command…1 mk
- Q28From the follow ing information, the 'Proprietor's funds' are: Current Assets ₹ 20,00,000 Non-Current Assets ₹…1 mk
- Q28Which of the following chart element details the data values and categories below the chart:1 mk
- Q28Which of the following is not a 'Profitability Ratio': OR Which of the following is a tool of 'Analysis of Financial…1 mk
- Q28Correct DIV/0! Error appears when1 mk
- Q28Which of the following components of computerised accounting system are known as raw facts for any business…1 mk
- Q28The Debt-Equity Ratio of a company is 2: 1. Which of the following transactions will increase the Debt - Equity Ratio?…1 mk
- Q28HOW many worksheets are available to a user by default while working on a workbook?1 mk
- Q28Name the widely accepted security control which uses binary encoding format of storage to offer access to database:1 mk
- Q28Maximum number of characters that can be used to write a field name in MS Access is: OR Which of the following command…1 mk
- Q28'Dividend paid' by a financial enterprise will come under which kind of activity from the following while preparing…1 mk
- Q28Pie Charts do not have more than categories.1 mk
- Q28The need of codification is for: OR Where are the amounts owed by customers for credit purchases found in books of…1 mk
- Q28While preparing Cash Flow Statement, 'Interest received' by a finance company is classified as:1 mk
- Q28If revenue from operations is ₹ 10,00,000 and gross profit is 25% on cost, cost of revenue from operations will be: OR…1 mk
- Q28If revenue from operations is ₹ 9,00,000, gross profit is 25% on cost and operating expenses are ₹ 90,000, the…1 mk
- Q29When the accumulated data from various sources is processed in one shot, it is called:1 mk
- Q29Which of the following statement is not a limitation of computerised accounting system?1 mk
- Q29'Dividend paid' by a financial enterprise will come under which kind of activity from the following while preparing…1 mk
- Q29Interest of ₹ 3,000 received in cash on loans and advances will result in: OR In case of a financial enterprise whose…1 mk
- Q29Which of the following transactions is not related to cash flows from investing activities:1 mk
- Q29What is the outcome of an arithmetic expression or function called:1 mk
- Q29From the following a legend can be repositioned on a chart: OR Which of the following are the five pillars of…1 mk
- Q29Interest of ₹ 3,000 received in cash on loans and advances will result in: OR In case of a financial enterprise whose…1 mk
- Q29The Debt-Equity Ratio of a company is 2: 1. Which of the following transactions will increase the Debt - Equity Ratio?…1 mk
- Q29From the following, identify the Accounting information sub-system which generates periodic reports about sales and…1 mk
- Q29Which of the following equations is correct: OR Which of the following is a tool of Analysis of Financial Statements:…1 mk
- Q29Which of the following will result in flow of cash? OR An investment normally qualifies as cash equivalent only when it…1 mk
- Q29The need of codification is for: OR Where are the amounts owed by customers for credit purchases found in books of…1 mk
- Q29Absence of data items is represented by one of the special values from the following i.e.: OR The process of comparing…1 mk
- Q29The outcome of an arithmetic expression or function is called:1 mk
- Q29The need of codification is for: OR Which of the following software packages is suitable for an organisation where the…1 mk
- Q29Which of these is not a argument of the IF function? OR How many blank worksheets are shown when a new workbook is…1 mk
- Q29From the following information, the ' P roprietor's fund ' s are: Current Assets ₹ 20,00,000 Non-Current Assets ₹…1 mk
- Q29Codes comprising of alphabets or abbreviation are known as1 mk
- Q29Which of the following components of computerised accounting system are known as row facts for any business…1 mk
- Q29Which of the following activities are operating activities for the purpose of preparing 'Cash flow statement'? (i)…1 mk
- Q29Which of the following transactions will not result in flow of cash:1 mk
- Q29To safeguard assets and optimise the use of resources, a business: OR Correct error appears:1 mk
- Q29The current assets of X Ltd. are ₹ 2,00,000 and its current liabilities are ₹ 1,50,000. If, its working capital…1 mk
- Q29Which of the following is not a Solvency Ratio?1 mk
- Q29Which of the following transactions would result in inflow of cash and cash equivalents:1 mk
- Q29Which of the following activities are operating activities for the purpose of preparing 'Cash flow statement'? (i)…1 mk
- Q29While preparing Cash Flow Statement, 'Interest received' by a finance company is classified as:1 mk
- Q29A is identified by combination of letter and number corresponding to particular location within the spreadsheet. OR…1 mk
- Q29Which of the following is not the advantage of Pivot table?1 mk
- Q30Which of the following is not a Solvency Ratio?1 mk
- Q30A 'value' or 'function' or an 'arithm e ic expression' is recorded in1 mk
- Q30Which of these is not a argument of the IF function? OR How many blank worksheets are shown when a new workbook is…1 mk
- Q30Which of the following is not a 'Profitability Ratio': OR Which o f the following is a tool of 'Analysis of Financial…1 mk
- Q30Which of the following transactions will result into flow of cash?1 mk
- Q30Which of the following transaction will result in no flow of cash? OR Match the transactions given in Column - II with…1 mk
- Q30Which of the following is not the advantage of Pivot table?1 mk
- Q30Which of the following activities are operating activities for the purpose of preparing 'Cash flow statement'? (i)…1 mk
- Q30The 'Inventory Turnover Ratio' from the following information will be: T Revenue from operations 12,00,000 Average…1 mk
- Q30If revenue from operations is ₹ 10,00,000 and gross profit is 25% on cost, cost of revenue from operations will be: OR…1 mk
- Q30From the following information, the ' P roprietor's fund ' s are: Current Assets ₹ 20,00,000 Non-Current Assets ₹…1 mk
- Q30'Dividend paid' by a financial enterprise will come under which kind of activity from the following while preparing…1 mk
- Q30Name the non-accounting voucher which is recorded in separate register but not as a part of ledger:1 mk
- Q30The ranges are identified within Excel by:1 mk
- Q30From the following, identify the Accounting information sub - system for obtaining information about cost and expenses:1 mk
- Q30Which of the following is not the advantage of Pivot table?1 mk
- Q30Which of the following is not a feature of Computerised Accounting System?1 mk
- Q30The outcome of an arithmetic expression or function is called:1 mk
- Q30A is identified by combination of letter and number corresponding to particular location within the spreadsheet. OR…1 mk
- Q30The current assets of X Ltd. are ₹ 2,00,000 and its current liabilities are ₹ 1,50,000. If, its working capital…1 mk
- Q30While preparing Cash Flow Statement, 'Interest received' by a finance company is classified as:1 mk
- Q30The Debt-Equity Ratio of a company is 2: 1. Which of the following transactions will increase the Debt - Equity Ratio:…1 mk
- Q30From the following, identify the Accounting information sub - system which deals with payment of wages and salaries to…1 mk
- Q30The name of accounting information sub - system which is linked with other sub - systems for obtaining information…1 mk
- Q30Which of the following transactions are shown under financing activities while preparing cash flow statement: (i) Issue…1 mk
- Q30To safeguard assets and optimise the use of resources, a business OR Correct error appears:1 mk
- Q30Which of the following transactions is not related to cash flows from investing activities:1 mk
- Q30The need of codification is for: OR Which of the following software packages is suitable for an organisation where the…1 mk
- Q30Absence of data items is represented by one of the special values from the following i.e.: OR The process of comparing…1 mk
- Q30Which of the following transactions will not result in flow of cash:1 mk
- Q31Classify the following items under major heads and sub-heads (if any). in the Balance Sheet of a company as per…3 mk
- Q31Classify the following items under major heads and sub - heads (if any) in the Balance Sheet of a company as per…3 mk
- Q31Explain the following: Block codes Sequential codes3 mk
- Q31Under which major heads and sub-heads will the following items be presented in the Balance Sheet of a Company as per…3 mk
- Q31Explain the following sub-systems of Accounting Information System: Cash and Bank Sub-system Sales and Accounts…3 mk
- Q31What is meant by 'Memo Voucher', 'Post dated - Voucher' and 'User - defined voucher'?3 mk
- Q31Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of a company as per Schedule…3 mk
- Q31Which error occurs when Excel does not recognise 'text' in the formula? State the steps to correct it.3 mk
- Q31What is meant by 'Memo Voucher', 'Post dated - Voucher' and ' User- defined voucher'?3 mk
- Q31Classify the following items under major heads and sub - heads (if any) in the Balance Sheet of a company as per…3 mk
- Q31Explain any three advantages of using charts.3 mk
- Q31Name the major heads and sub-heads under which the following items will be presented in the Balance Sheet of a company…3 mk
- Q31Under which major heads and sub-heads will the following items be presented in the Balance Sheet of the company as per…3 mk
- Q31Classify the following items under major heads and sub - heads (if any) in the Balance Sheet of a company as per…3 mk
- Q31Under which heads and sub-heads the following items will appear in the Balance Sheet of Company as per Schedule III,…3 mk
- Q31Explain two main groups in which 'Group of Accounts' is classified in Accounting Software "Tally'.3 mk
- Q31Explain the following two features of Computerised Accounting System: (i) Simple and integrated (ii) Accuracy and speed3 mk
- Q31Classify the following items under major heads and sub - heads (if any) in the Balance Sheet of a company as per…3 mk
- Q31Diffe rentiate between 'Generic software' and 'Specific software' on any three bases.3 mk
- Q31Explain any three advantages of using charts.3 mk
- Q31Classify the following items under major heads and sub - heads (if any) in the Balance Sheet of a company as per…3 mk
- Q31Under which major heads and sub-heads will the following items be presented in the Balance Sheet of the company as per…3 mk
- Q31Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of a company as per Schedule…3 mk
- Q31Differentiate between 'Generic software' and 'Specific software' on any three bases.3 mk
- Q31Differentiate between 'Generic Software' and 'Tailored Software' on any three basis.3 mk
- Q31Explain 'Group of Accounts' with reference to Accounting software Tally.3 mk
- Q31Explain 'COUNTIF' function. 31.3 mk
- Q31Explain the following sub-systems of Accounting Information System: Purchase and Accounts payable sub-system Costing…3 mk
- Q31Classify the following items under major heads and sub - heads (if any) in the Balance Sheet of a company as per…3 mk
- Q31Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of a company as per Schedule…3 mk
- Q32Identify and state the significance of any two ratios that are calculated to measure the efficiency of operations of…3 mk
- Q32'These ratios are calculated to measure the short -term solvency of the business Identify the ratios and state the…3 mk
- Q32D ifferentiate between 'Generic Software' and 'Tailored Software' on any three basis.3 mk
- Q32'It is a technique which involves regrouping of data by application of arithmetical relationships.' Identify the…3 mk
- Q32Explain - 'Number formatting', 'Percentages' and 'Dates' as data formatting tools.3 mk
- Q32'It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing…3 mk
- Q32Differentiate between 'Generic Software' and 'Tailored Software' on any three basis.3 mk
- Q32'These ratios are calculated to analyse the earning capacity of the business which is the outcome of utilisation of…3 mk
- Q32Explain the methods of 'voucher numbering'.3 mk
- Q32Differentiate between 'Generic software' and 'Specific software' on any three bases.3 mk
- Q32'It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing…3 mk
- Q32"It is a technique which involves regrouping of data by application of arithmetical relationships." Identify the…3 mk
- Q32'These ratios are calculated to determine the ability of the business to service its debt in the long run.' (i)…3 mk
- Q32Explain the following two features of Computerised Accounting System: (i) Simple and integrated (ii) Accuracy and speed3 mk
- Q32'It is a technique which involves regrouping of data by application of arithmetical relationships.' Identify the…3 mk
- Q32Explain the terms 'Memo Voucher', 'Post - dated Voucher' and 'User -defined Vouch er'.3 mk
- Q32Explain the following two features of Computerised Accounting System: (i) Simple and integrated (ii) Accuracy and speed3 mk
- Q32Give the meaning of 'Cell reference'. Differentiate between 'Relative Cell reference' and 'Absolute cell reference.'3 mk
- Q32'It is a technique which involves regrouping of data by application of arithmetical relationships.' Identify the…3 mk
- Q32Explain two main groups in which 'Group of Accounts' is classified in Accounting Software "Tally'.3 mk
- Q32'It is a process of identifying the financial strengths and weaknesses of the firm by properly establishing…3 mk
- Q32'It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing…3 mk
- Q32Explain the terms 'Password Security' and 'Data Audit'.3 mk
- Q32Explain two main groups in which 'Group of Accounts' is classified in Accounting Software 'Tally'.3 mk
- Q32'It is a technique whic h involves regrouping of data by application of arithmetical relationships.' Identify the…3 mk
- Q32'It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing…3 mk
- Q32Explain any three advantages of using graph/chart.3 mk
- Q32'These ratios are calculated for measuring the efficiency of operations of business based on effective utilisation of…3 mk
- Q32What is meant by 'Memo Voucher', 'Post dated - Voucher' and 'User - defined voucher'?3 mk
- Q32Explain any three advantages of using charts.3 mk
- Q33Define Accounting cycle and state the phases involved in an Accounting cycle. OR Explain the meaning of 'Password…4 mk
- Q33Explain the accounting group of 'Current Liabilities'. OR Give the meaning of the terms (i) Labels, and (ii) Values as…4 mk
- Q33What is a 'Pivot table'? State any three of its advantages. OR List eight uses of Accounting Software.4 mk
- Q33Calculate Gross Profit Ratio from the following information: Average Inventory ₹ 1,60,000; Inventory Turnover Ratio 8…4 mk
- Q33Y Ltd. has a Current Ratio of 3 5: 1 and Quick Ratio of 2: 1. If excess of current assets over quick assets represented…4 mk
- Q33Calculate Gross Profit Ratio from the following information: Inventory Turnover Ratio: 6 times Average Inventory: ₹…4 mk
- Q33What is data formatting? What tools are used to format a given data? Explain. OR List eight uses of accounting software.4 mk
- Q33(i) Calculate Revenue from operations of 'BN Ltd.' from the following information: Current Assets ₹ 8,00,000 Quick…4 mk
- Q33What is data formatting? What tools are used to format a given data? Explain. OR List eight uses of accounting software.4 mk
- Q33State the steps to be taken in preparation of a chart. OR What is meant by Accounting Cycle? State its basic phases.4 mk
- Q33State the steps to construct Bank Reconciliation Statement in 'Tally' software. OR Explain the following formatting…4 mk
- Q33From the following information, calculate the value of opening and closing inventory: Inventory Turnover Ratio - 4…4 mk
- Q33Calculate Gross Profit Ratio from the following information: Inventory Turnover Ratio: 6 times Average Inventory: ₹…4 mk
- Q33From the following information, calculate the value of opening and closing inventory: Inventory Turnover Ratio - 4…4 mk
- Q33From the following information, calculate the value of opening and closing inventory: Inventory Turnover Ratio - 4…4 mk
- Q33Y Ltd. has a Current Ratio of 3 5: 1 and Quick Ratio of 2: 1. If excess of current assets over quick assets represented…4 mk
- Q33Define Accounting cycle and state the phases involved in an Accounting cycle. OR Explain the meaning of 'Password…4 mk
- Q33What is meant by 'conditional formatting'? State its any three advantages. OR State any four salient features of…4 mk
- Q33Define 'Charts' and 'Graphs'. Give their any two uses for business. OR Which error appears when a negative date or time…4 mk
- Q33What is data formatting? What tools are used to format a given data? Explain. OR List eight uses of accounting software.4 mk
- Q33State any three advantages and any one limitation of Computerised Accounting System. OR Explain any four heads from the…4 mk
- Q33Y Ltd. has a Current Ratio of 3 5: 1 and Quick Ratio of 2: 1. If excess of current assets over quick assets represented…4 mk
- Q33How can the format of a selected chart element be changed? Explain. OR List any eight uses of accounting software.4 mk
- Q33Calculate Gross Profit Ratio from the following information: Average Inventory ₹ 1,60,000; Inventory Turnover Ratio 8…4 mk
- Q33(1) Calculate Revenue from operations of 'BN Ltd.' from the following information: Current Assets ₹ 8,00,000 Quick…4 mk
- Q33Calculate Gross Profit Ratio from the following information: Average Inventory ₹ 1,60,000; Inventory Turnover Ratio 8…4 mk
- Q33Explain account group 'Current Assets'. OR Give the meaning of 'lake s' l and 'values' as used in spreadsheet.4 mk
- Q33Calculate Gross Profit Ratio from the following information: Inventory Turnover Ratio: 6 times Average Inventory: ₹…4 mk
- Q33(1) Calculate Revenue from operations of 'BN Ltd.' from the following information: Current Assets ₹ 8,00,000 Quick…4 mk
- Q33Define Accounting cycle and state the phases involved in an Accounting cycle. OR Explain the meaning of 'Password…4 mk
- Q34Sujata started a small enterprise under the 'Skill India Scheme'. As the business grew, the revenue started increasing…6 mk
- Q34Madhav is a young entrepreneur. On 1st April, 2019, he formed a partnership firm with two of his friends, Mohan and…6 mk
- Q34Name and explain the financial function which will be used to verify the total interest on a loan between any two…6 mk
- Q34Name the financial function which returns accrued interest on a bond with 5% coupon rate and where issue and settlement…6 mk
- Q34In 2011, two young Indian entrepreneurs, Vaishali Bhatia and Vivek Bhatia decided to start an online auto portal. At…6 mk
- Q34What is meant by 'Present Value' of an investment? Explain the financial function which helps in its calculation.6 mk
- Q34Madhav is a young entrepreneur. On 1st April, 2019, he formed a partnership firm with two of his friends, Mohan and…6 mk
- Q34Assad, inspired by 'Make - in - India' mission, initiated his start - up in the form of a compare 'Azad Ltd.' alon with…6 mk
- Q34Sujata started a small enterprise under the 'Skill India Scheme'. As the business grew, the revenue started increasing…6 mk
- Q34Name and explain the financial function which will be used to verify the total interest on a loan between any two…6 mk
- Q34Name the error which appears when the cell reference is not valid. State how this error can be corrected.6 mk
- Q34Azad, inspired by 'Make - in - India' mission, initiated his start - up in the form of a compare 'Azad Ltd.' alon with…6 mk
- Q34Sujata started a small enterprise under the 'Skill India Scheme'. As the business grew, the revenue started increasing…6 mk
- Q34Assad, inspired by 'Make - in - India' mission, initiated his start - up in the form of a compare 'Azad Ltd.' alon with…6 mk
- Q34Name the function which is often used to calculate the payment for mortgage loans that have fixed rate of interest.…6 mk
- Q34Name the financial function which returns accrued interest on a bond with 5% coupon rate and where issue and settlement…6 mk
- Q34Aditi, initiated her start-up 'Fizz Ltd.' in 2019. 'Fizz Ltd.' is an organic juice extracting unit. Its profits are…6 mk
- Q34Name the financial function which returns accrued interest on a bond with 5% coupon rate and where issue and settlement…6 mk
- Q34Name and explain the financial function which will be used to verify the total interest on a loan between any two…6 mk
- Q34Name the error which appears when the cell reference is not valid. State how this error can be corrected.6 mk
- Q34What is meant by 'Present Value' of an invest ment? Explain the financial function which helps in its calculation.6 mk
- Q34Aditi, initiated her start-up 'Fizz Ltd." in 2019. 'Fizz Ltd.' is an organic juice extracting unit. Its profits are…6 mk
- Q34Aditi, initiated her start-up 'Fizz Ltd." in 2019. 'Fizz Ltd.' is an organic juice extracting unit. Its profits are…6 mk
- Q34In 2011, two young Indian entrepreneurs, Vaishali Bhatia and Vivek Bhatia decided to start an online auto portal. At…6 mk
- Q34Name the function which is often used to calculate the payment for mortgage loans that have fixed rate of interest.…6 mk
- Q34In 2011, two young Indian entrepreneurs, Vaishali Bhatia and Vivek Bhatia decided to start an online auto portal. At…6 mk
- Q34Madhav is a young entrepreneur. On 1st April, 2019, he formed a partnership firm with two of his friends, Mohan and…6 mk
- Q34What is meant by 'Present Value' of an investment? Explain the financial function which helps in its calculation.6 mk
- Q34Name the error which appears when the cell reference is not valid. State how this error can be corrected.6 mk
- Q34Name the function which is often used to calculate the payment for mortgage loans that have fixed rate of interest.…6 mk
Other Accountancy years
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