CBSE Class 12 Accountancy 2025
756 questions · 1800 marks · every one with the board’s own marking-scheme answer.
Marks by chapter
Counted from the 756 questions listed below, as the 2025 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 Capital90 questions | 279 | 15.5% |
| Reconstitution of a Partnership Firm – Admission of a Partner114 questions | 249 | 13.8% |
| Issue and Redemption of Debentures72 questions | 153 | 8.5% |
| Dissolution of Partnership Firm48 questions | 144 | 8.0% |
| Cash Flow Statement54 questions | 144 | 8.0% |
| Spreadsheet46 questions | 141 | 7.8% |
| Reconstitution of a Partnership Firm – Retirement/Death of a Partner57 questions | 138 | 7.7% |
| Accounting for Partnership: Basic Concepts87 questions | 117 | 6.5% |
| Overview of Computerised Accounting System48 questions | 105 | 5.8% |
| Accounting Ratios42 questions | 96 | 5.3% |
| Graphs and Charts for Business Data26 questions | 66 | 3.7% |
| Analysis of Financial Statements27 questions | 63 | 3.5% |
| Financial Statements of a Company21 questions | 57 | 3.2% |
| Using Computerised Accounting System21 questions | 39 | 2.2% |
| Use of Spreadsheet in Business Applications3 questions | 9 | 0.5% |
756 questions from 2025
- Q1Money received in advance from the shareholders before it is actually called up by the directors is:1 mk
- Q1Jim and Joy were partners in a firm sharing profits and losses equally. On 1st April, 2024, they admitted John as a new…1 mk
- Q1Akhil, Bajrang and Chin ray were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Dilawar was…1 mk
- Q1On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of 5 100 each at a discount of 10% redeemable at a premium…1 mk
- Q1Rajat and Samar were partners in a firm sharing profits and losses in the 2 ratio of 5: 3. Tarun was admitted as a new…1 mk
- Q1P, Q and R were partners in a firm sharing profits and losses in the ratio 1th share in the profits of 3: 5: 2. S was…1 mk
- Q1Sara and Tara were partners in a firm. Their capitals as on 1st April, 2023 were ₹ 6,00,000 and ₹ 4,00,000…1 mk
- Q1On 1st April, 2024, the Balance Sheet of Radha and Mohan showed a loan of ₹ 10,000 given by Mohan to the firm. The firm…1 mk
- Q1There are two statements Assertion and Reason (R): Assertion: The artners' fixed ca ital accounts alwa s show a credit…1 mk
- Q1A, B and C were partners in a firm sharing profits and losses in the ratio 1th of 5: 3: 2. D was admitted as a new…1 mk
- Q1On 1st October, 2024, Nirmal Ltd. issued 6,000, 11% Debentures of 100 each at a premium of 10%, redeemable at a premium…1 mk
- Q1Rakesh and Somesh were partners in a firm sharing profits and losses in § the ratio of 2: 3. Moksh was admitted as a…1 mk
- Q1Amen, Boman and Chetan were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Dinesh was admitted…1 mk
- Q1Aron, Bashir and Joseph were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. They admitted Daksh…1 mk
- Q1On the dissolution of the partnership firm of Raman, Hari and Suresh, realisation expenses ₹ 17,000 were paid by a…1 mk
- Q1Pooja and Kumari were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, Noori was…1 mk
- Q1D, E and F were partners in a firm sharing profits and losses in the ratio 1th share in the profits of 2: 3: 5. G was…1 mk
- Q1Ram and Shyam were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. Mohan was admitted as a new…1 mk
- Q2Vimal, Bose and Ghosh were partners in a firm sharing profits and losses equally. On 1st April, 2024, Bose retired from…1 mk
- Q2Arushi, Vivaan and Mitali were partners in a firm. On 31" March 2024, the firm was dissolved. On that date the firm had…1 mk
- Q2Paratigm Ltd. issued 40,000, 11% debentures of 100 each at a discount 2 of 5%, redeemable at a premium. On issue of…1 mk
- Q2There are two statements Assertion and Reason (R): Assertion: Private assets of a partner can also be used for paying…1 mk
- Q2Ekta, Faguni and Garima were partners in a firm sharing profits and losses in the ratio of 5: 3: 1. Faguni was…1 mk
- Q2Debentures in respect of which all details including names, addresses and particulars of holding of the debenture…1 mk
- Q2Ravi, Mohan and Vinod were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The partnership deed…1 mk
- Q2Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its…1 mk
- Q2Assertion: Each partner carrying on the business of the firm is the principal as well as the agent for all the other…1 mk
- Q2A, B and C were partners in a firm sharing profits and losses in the ratio of 8: 5: 3. It was decided that with effect…1 mk
- Q2Elvis, Finch and Gordon entered into a partnership on 1st July, 2023 with capitals of ₹ 20,00,000 each. The partnership…1 mk
- Q2Eklavya, Fateh and Girish entered into a partnership firm on 1st January, 2024 with capitals of ₹ 30,00,000 each. The…1 mk
- Q2Sandhya and Suman were partners in a firm sharing profits and losses in the ratio of 3: 5. They decided to dissolve the…1 mk
- Q2Emily, Flora and Ginni entered into a partnership on 1st October, 2023 with capitals of ₹ 10,00,000 each. The…1 mk
- Q2Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its…1 mk
- Q2Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3: 3: 2. On 1st April, 2024…1 mk
- Q2Emil y, Farida and Gauri were partners in a firm sharing profits and losses in the ratio of 4: 3: l. Farida was…1 mk
- Q2Eliza, Fenn and Garry were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. Fenn was guaranteed ₹…1 mk
- Q3Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Raghav retired. The…1 mk
- Q3The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as:1 mk
- Q3Uma and Veena were partners in a firm sharing profits and losses in the ratio of 4: 5. On 1st April, 2024 they decided…1 mk
- Q3On 1st April, 2023, Viya Ltd. issued 20,000, 10% debentures of 2 100 each at a premium of 10%. The total amount of…1 mk
- Q3There are two statements Assertion and Reason (R): Assertion: Partnership is the result of an agreement between two or…1 mk
- Q3'The business of a partnershi firm may be carried on by all the partners or any of them acting for all.' The above…1 mk
- Q3Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5: 3: 1: 1. On 1st…1 mk
- Q3Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st…1 mk
- Q3Wayne, Shaan and Bryan were partners in a firm. Shaan had advanced a loan of ₹ 1,00,000 to the firm. On 31st= March,…1 mk
- Q3Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of…1 mk
- Q3Suhas and Vilas were partners in a firm with capitals of ₹ 4,00,000 and 1th ₹ 3,00,000 respectively. They admitted…1 mk
- Q3'Reserve Capital' can be utilised: OR An offer of securities or invitation to subscribe securities to a select group of…1 mk
- Q3VL Ltd. offered for public subscription 90,000 equity shares of 5 10 each at a premium of 10%. The entire amount was…1 mk
- Q3X Ltd. invited applications for issuing 90,000 equity shares of 100 each. 2 The amount per share was payable as…1 mk
- Q3Which of the following will not result in compulsory dissolution of a partnership firm? OR Which of the following will…1 mk
- Q3Ashmit, Verna and Rohan were partners in a firm sharing profits and losses in the ratio of 3: 2: l. Veena retired on…1 mk
- Q3White, Shaun and Todd were partners in a firm sharing profits and losses equally. Shaun's wife had advanced a loan of ₹…1 mk
- Q3On dissolution of a firm, there was an unrecorded asset of ₹ 15,000 which was taken over by a partner at ₹ 13,000.…1 mk
- Q4Anuj and Kartik were partners in a firm sharing profits and losses in the ratio of 5: 4. Anuj withdrew ₹ 20,000 in the…1 mk
- Q4Pulkit and Ravinder were partners in a firm sharing profits and losses in the 1th ratio of 3: 2. Sikander was admitted…1 mk
- Q4Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders…1 mk
- Q4Kartik, Inder and Lalit were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from…1 mk
- Q4Sun and Moon were partners in a firm sharing profits and losses equally. Their fixed capitals were ₹ 5,00,000 each.…1 mk
- Q4Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. If Radhika's…1 mk
- Q4Saloni and Mohini were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2024,…1 mk
- Q4X Ltd. invited applications for issuing 90,000 equity shares of 100 each. 2 The amount per share was payable as…1 mk
- Q4Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for 1/3rd share in the profits.…1 mk
- Q4Nita, Vidur and Miter were partners in a firm sharing profits and losses in the ratio of 3: 4: 1. On 1st April 2024,…1 mk
- Q4On 1st April, 2023, Viya Ltd. issued 20,000, 10% debentures of 3 100 each at a premium of 10%. The total amount of…1 mk
- Q4Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way…1 mk
- Q4Diksha Ltd. invited applications for issuing 1,00,000 equity shares of 10 2 each at a premium of 10%. The whole amount…1 mk
- Q4On 1st April, 2023, Mudra Ltd. issued 9,000, 12% Debentures of 100 each at 10% premium, redeemable at a premium of 10%…1 mk
- Q4A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company, is…1 mk
- Q4Reema, Meesha and Shikha were partners in a partnership firm sharing profits and losses in the ratio of 8: 7: 5. On 1st…1 mk
- Q4Prakhar and Rajan were partners in a firm sharing profits and losses in 2 2 the ratio of 3: 2 with capitals of ₹…1 mk
- Q4Uma and Veena were partners in a firm sharing profits and losses in the ratio of 4: 5. On 1st April, 2024 they decided…1 mk
- Q5Kabir and Lara were partners in a firm sharing profits and losses in the.2 ratio of 5: 3. Mark was admitted as a new…1 mk
- Q5'The business of a partnershi firm may be carried on by all the partners or any of them acting for a11.' The above…1 mk
- Q5On 1st April, 2023, Mudra Ltd. issued 9,000, 12% Debentures of 100 each at 10% premium, redeemable at a premium of 10%…1 mk
- Q5Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Amit retired on 31…1 mk
- Q5Manav, Mayank and Manish were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March,…1 mk
- Q5Modish and Pram were partners in a firm sharing profits and losses in the ratio of 1: 2. Their capitals were ₹ 5,00,000…1 mk
- Q5Suhas and Vilas were partners in a firm with capitals of ₹ 4,00,000 and 1th t 3, 00,000 respectively. Th ey admitted…1 mk
- Q5Java Ltd. forfeited 600 equity shares of 100 each f 80 called up for the non-payment of first call of 20 per share.…1 mk
- Q5A, B and C were partners in a firm sharing profits and losses in the ratio of 8: 5: 3. It was decided that with effect…1 mk
- Q5John and Harry were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, they…1 mk
- Q5Nandita and Prabha were partners in a firm. Nandita withdrew ₹ 3,00,000 during the year for personal use. The…1 mk
- Q5In the event of dissolution of a partnership firm, the order of payment of losses including deficiencies of capital…1 mk
- Q5Sara and Tara were partners in a firm. Their capitals as on 1st April, 2023 were ₹ 6,00,000 and ₹ 4,00,000…1 mk
- Q5Saloni and Mohini were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2024,…1 mk
- Q5Jayant, Vijayant and Anant were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from…1 mk
- Q5Kajal and Laura were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. They admitted Maddy for -…1 mk
- Q5Neeru and Pooja were partners in a partnership firm sharing profits and losses in the ratio of 4: 3. The firm earned…1 mk
- Q5Paratigm Ltd. issued 40,000, 11% debentures of 100 each at a discount 3 of 5%, redeemable at a remit. On issue of these…1 mk
- Q6Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders…1 mk
- Q6Assertion: Each partner carrying on the business of the firm is the principal as well as the agent for all the other…1 mk
- Q6Reema, Meesha and Shikha were partners in a partnership firm sharing profits and losses in the ratio of 8: 7: 5. On 1st…1 mk
- Q6When the partners' capitals are fixed, the drawings made by a partner are recorded on the:1 mk
- Q6Kajal and Laura were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. They admitted Maddy for -…1 mk
- Q6Manas Ltd. forfeited 600 shares of 10 each for the non-payment of first call of T 2 per share. The final call of T 3…1 mk
- Q6Radhika, Mehar and Shuhha were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. If Radhika's…1 mk
- Q6Kabir and Lara were partners in a firm sharing profits and losses in the 2. ratio of 5: 3. Mark was admitted as a new…1 mk
- Q6X Ltd. forfeited 100 shares of T 100 each for non-payment of the allotment money of 15 per share (including premium 5).…1 mk
- Q6Mohan, a partner, withdrew % 80,000 from the business for his personal use during the year ended 31st March, 2024.…1 mk
- Q6On 1st April, 2024, the Balance Sheet of Radha and Mohan showed a loan of ₹ 10,000 given by Mohan to the firm. The firm…1 mk
- Q6Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5: 3: 1: 1. On 1st…1 mk
- Q6Assertion: The maximum number of partners in a partnership firm is 50. Reason (R): By virtue of the Companies Act 2013,…1 mk
- Q6Money received in advance from the shareholders before it is actually called up by the directors is:1 mk
- Q6On the dissolution of the partnership firm of Raman, Hari and Suresh, realisation expenses ₹ 17,000 were paid by a…1 mk
- Q6Which of the following will not result in compulsory dissolution of a partnership firm? OR Which of the following will…1 mk
- Q6Assertion: Partners' solar is debited to Profit and Loss Appropriation Account and not to Profit and Loss Account.…1 mk
- Q6Jeeta Ltd. forfeited 300 shares of 100 each for the non-payment? of final call of 2 10 per share. The amount credited…1 mk
- Q7The debentures that can be transferred by way of delivery and the company does not keep any record of the debentures…1 mk
- Q74,000 shares of ₹ 10 each were forfeited for non-payment of second and final call money of ₹ 2 per share. The minimum…1 mk
- Q7Sandhya and Suman were partners in a firm sharing profits and losses in the ratio of 3: 5. They decided to dissolve the…1 mk
- Q7Wayne, Shaan and Bryan were partners in a firm. Shaan had advanced a loan of ₹ 1,00,000 to the firm. On 31st March,…1 mk
- Q7Debentures in respect of which all details including names, addresses and particulars of holding of the debenture…1 mk
- Q7Vimal, Bose and Ghosh were partners in a firm sharing profits and losses equally. On 1st April, 2024, Bose retired from…1 mk
- Q7VL Ltd. offered for public subscription 90,000 equity shares of ₹ 10 each at a premium of 10%. The entire amount was…1 mk
- Q7White, Shaun and Todd were partners in a firm sharing profits and losses equally. Shaun's wife had advanced a loan of ₹…1 mk
- Q7Ashok and Avinash were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2023, their…1 mk
- Q7Manas Ltd. forfeited 600 shares of 10 each for the non-payment of first call of T 2 per share. The final call of T 3…1 mk
- Q7Neeru and Pooja were partners in a partnership firm sharing profits and losses in the ratio of 4: 3. The firm earned…1 mk
- Q7On 1st October, 2024, Nirmal Ltd. issued 6,000, 11% Debentures of T 100 each at a premium of 10%, redeemable at a…1 mk
- Q7Nandita and Prabha were partners in a firm. Nandita withdrew ₹ 3,00,000 during the year for personal use. The…1 mk
- Q7There are two statements Assertion and Reason (R): Assertion: The partners' fixed capital accounts always show a credit…1 mk
- Q7Manoj, Dilip and Rajinder were partners in a firm sharing profits and losses in the ratio of 7: 3: 5. Their fixed…1 mk
- Q7Pulkit and Ravinder were partners in a firm sharing profits and losses in 1th the ratio of 3: 2. Sikander was admitted…1 mk
- Q7Prakhar and Rajan were partners in a firm sharing profits and losses in the ratio of 3: 2 with capitals of ₹ 10,00,000…1 mk
- Q7Shyamla Ltd. purchased machinery of ₹ 9,50,000 from Rohini Ltd. The payment was made by issue of 9% debentures of 100…1 mk
- Q8Reema, Meesha and Shikha were partners in a partnership firm sharing profits and losses in the ratio of 8: 7: 5. On 1st…1 mk
- Q8Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. If Radhika's…1 mk
- Q8On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of ₹ 100 each at a discount of 10% redeemable at a premium…1 mk
- Q8Neeru and Pooja were partners in a partnership firm sharing profits and losses in the ratio of 4: 3. The firm earned…1 mk
- Q8Kartik, Inder and Lalit were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from…1 mk
- Q8Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st…1 mk
- Q8Jim and Joy were partners in a firm sharing profits and losses equally. On 1st April, 2024, they admitted John as a new…1 mk
- Q8Diksha Ltd. invited applications for issuing 1,00,000 equity shares of 10 2 each at a premium of 10%. The whole amount…1 mk
- Q8Sudha, a partner withdrew ₹ 12,000 on 31st October, 2023 for her personal use. Interest on drawings is charged @ 6%…1 mk
- Q8Nandita and Prabha were partners in a firm. Nandita withdrew ₹ 3,00,000 during the year for personal use. The…1 mk
- Q8Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way…1 mk
- Q8In the event of dissolution of a partnership firm, the order of payment of losses including deficiencies of capital…1 mk
- Q8Mohan, a partner, withdrew ₹ 80,000 from the business for his personal use during the year ended 31st March, 2024.…1 mk
- Q8Sandhya and Suman were partners in a firm sharing profits and losses in the ratio of 3: 5. They decided to dissolve the…1 mk
- Q8Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3: 3: 2. On 1st April, 2024…1 mk
- Q8On 1st October, 2024, Nirmal Ltd. issued 6,000, 11% Debentures of T 100 each at a premium of 10%, redeemable at a…1 mk
- Q8A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company, is…1 mk
- Q8Sudha, a partner withdrew ₹ 12,000 on 31st October, 2023 for her personal use. Interest on drawings is charged @ 6%…1 mk
- Q9Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of…1 mk
- Q9Manoj, Dilip and Rajinder were partners in a firm sharing profits and losses in the ratio of 7: 3: 5. Their fixed…1 mk
- Q9Ravi, Mohan and Vinod were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The partnership deed…1 mk
- Q9On dissolution of a firm, there was an unrecorded asset of ₹ 15,000 which was taken over by a partner at ₹ 13,000.…1 mk
- Q9Daksh and Moksh were partners in a firm. Moksh withdrew a fixed amount at the end of every quarter for the year ended…1 mk
- Q9Radha and Rohit were partners in a firm. Radha withdrew a fixed amount at the beginning of every quarter for the year…1 mk
- Q9Suhas and Vilas were partners in a firm with capitals of ₹ 4,00,000 and 1th ₹ 3,00,000 respective y. l They admitted…1 mk
- Q9Assertion: Partners' solar is debited to Profit and Loss Appropriation Account and not to Profit and Loss Account.…1 mk
- Q9Usha and Mohak were partners in a firm. Usha withdrew a fixed amount at the end of every half-year for the year ended…1 mk
- Q9Modish and Pram were partners in a firm sharing profits and losses in the ratio of 1: 2. Their capitals were ₹ 5,00,000…1 mk
- Q9The debentures that can be transferred by way of delivery and the company does not keep any record of the debentures…1 mk
- Q9Anuj and Kartik were partners in a firm sharing profits and losses in the ratio of 5: 4. Anuj withdrew ₹ 20,000 in the…1 mk
- Q9'The business of a partnershi firm may be carried on by all the partners or any of them acting for all.' The above…1 mk
- Q9Arushi, Vivaan and Mitali were partners in a firm. On 31st March 2024, the firm was dissolved. On that date the firm…1 mk
- Q9Assertion: The maximum number of partners in a partnership firm is 50. Reason (R): By virtue of the Companies Act 2013,…1 mk
- Q9Daman, Mohit and Paras were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Daman retires. Mohit…1 mk
- Q9Daman, Mohit and Paras were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Daman retires. Mohit…1 mk
- Q9'Reserve Capital' can be utilised: OR An offer of securities or invitation to subscribe securities to a select group of…1 mk
- Q10Jeeta Ltd. forfeited 300 shares of 100 each for the non-payment? of final call of 2 10 per share. The amount credited…1 mk
- Q10Assertion: The maximum number of partners M a partnership firm is 50. Reason (R): By virtue of the Companies Act 2013,…1 mk
- Q10Assertion: Partners' solar is debited to Profit and Loss Appropriation Account and not to Profit and Loss Account.…1 mk
- Q10Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Raghav retired. The…1 mk
- Q10Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Amit retired on 31…1 mk
- Q10Diksha Ltd. invited applications for issuing 1,00,000 equity shares of 10 Q each at a premium of 10%. The whole amount…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
- Q10Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for 1/3rd share in the refits.…1 mk
- Q10The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as:1 mk
- Q10In the event of dissolution of a partnership firm, the order of payment of losses including deficiencies of capital…1 mk
- Q10Mohan, a partner, withdrew ₹ 80,000 from the business for his personal use during the year ended 31st March, 2024.…1 mk
- Q10Sun and Moon were partners in a firm sharing profits and losses equally. Their fixed capitals were ₹ 5,00,000 each.…1 mk
- Q10Which of the following will not result in compulsory dissolution of a partnership firm? OR Which of the following will…1 mk
- Q10Money received in advance from the shareholders before it is actually called up by the directors is:1 mk
- Q10Ashmit, Verna and Rohan were partners in a firm sharing profits and losses in the ratio of 3: 2: l. Veena retired on…1 mk
- Q10Kajal and Laura were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. They admitted Maddy for -…1 mk
- Q10On the dissolution of the partnership firm of Raman, Hari and Suresh, realisation expenses ₹ 17,000 were paid by a…1 mk
- Q10Kabir and Lara were partners in a firm sharing profits and losses in the Z th ratio of 5: 3. Mark was admitted as a new…1 mk
- Q11Debentures in respect of which all details including names, addresses and particulars of holding of the debenture…1 mk
- Q11Prakhar and Rajan were partners in a firm sharing profits and losses in 2 2 the ratio of 3: 2 with capitals of ₹…1 mk
- Q11Paratigm Ltd. issued 40,000, 11% debentures of 100 each at a discount Q of 5%, redeemable at a premium. On issue of…1 mk
- Q11There are two statements Assertion and Reason (R): Assertion: Private assets of a partner can also be used for paying…1 mk
- Q11'Reserve Capital' can be utilised: OR An offer of securities or invitation to subscribe securities to a select group of…1 mk
- Q11Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of…1 mk
- Q11Java Ltd. forfeited 600 equity shares of 100 each 80 called up for the non-payment of first call of T 20 per share.…1 mk
- Q11Nita, Vidur and Miter were partners in a firm sharing profits and losses in the ratio of 3: 4: 1. On 1st April 2024,…1 mk
- Q11White, Shaun and Todd were partners in a firm sharing profits and losses equally. Shaun's wife had advanced a loan of ₹…1 mk
- Q11When the partners' capitals are fixed, the drawings made by a partner are recorded on the:1 mk
- Q11Ashok and Avinash were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2023, their…1 mk
- Q11Wayne, Shaan and Bryan were partners in a firm. Shaan had advanced a loan of ₹ 1,00,000 to the firm. Cn 31st March,…1 mk
- Q11Jayant, Vijayant and Anant were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from…1 mk
- Q11Shyamla Ltd. purchased machinery of ₹ 9,50,000 from Rohini Ltd. The payment was made by issue of 9% debentures of r 100…1 mk
- Q11John and Harry were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, they…1 mk
- Q11Saloni and Mohini were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2024,…1 mk
- Q11John and Harry were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, they…1 mk
- Q11Pulkit and Ravinder were partners in a firm sharing profits and losses in the 1th ratio of 3: 2. Sikander was admitted…1 mk
- Q12Sun and Moon were partners in a firm sharing profits and losses equally. Their fixed capitals were ₹ 5,00,000 each.…1 mk
- Q12That portion of the called-up capital which has been actually received from the shareholders is called:1 mk
- Q12Jeeta Ltd. forfeited 300 shares of 100 each for the non-payment 3 of final call of 2 10 per share. The amount credited…1 mk
- Q12X Ltd. forfeited 100 shares of T 100 each for non-payment of the allotment money of 15 per share (including premium 5).…1 mk
- Q12Anisha, Deepa and Charu were partners sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2024, they…1 mk
- Q12The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount Amount (Q) (Q) Bank…1 mk
- Q12Ashok and Avinash were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2023, their…1 mk
- Q12Sara and Tara were partners in a firm. Their capitals as on 1st April, 2023 were ₹ 6,00,000 and ₹ 4,00,000…1 mk
- Q12Tavish, Umesh and Varun were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Tavish retired.…1 mk
- Q12On 1st April, 2023, Mudra Ltd. issued 9,000, 12% Debentures of 100 each at 10% premium, redeemable at a premium of 10%…1 mk
- Q124,000 shares of ₹ 10 each were forfeited for non-payment of second and final call money of ₹ 2 per share. The minimum…1 mk
- Q12Manas Ltd. forfeited 600 shares of 10 each for the non-payment of first call of % 2 per share. The final call of T 3…1 mk
- Q12On 1st April, 2023, Viya Ltd. issued 20,000, 10% debentures of 2 100 each at a premium of 10%. The total amount of…1 mk
- Q12Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st…1 mk
- Q12Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders…1 mk
- Q12The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as OR…1 mk
- Q12Shivalik Ltd. issued 7% debentures of 100 each at a discount of? 5% on 1st April, 2023. Discount on issue of…1 mk
- Q12Pooja and Kumari were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, Noori was…1 mk
- Q13Assertion: Each partner carrying on the business of the firm is the principal as well as the agent for all the other…1 mk
- Q13On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of ₹ 100 each at a discount of 10% redeemable at a premium…1 mk
- Q13Daman, Mohit and Paras were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Daman retires. Mohit…1 mk
- Q13SQ Ltd. forfeited 300 shares of T 10 each. The amount forfeited was 2,700. What will be the maximum discount per share…1 mk
- Q13shan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Jatin retired and his…1 mk
- Q13Java Ltd. forfeited 600 equity shares of f 100 each T 80 called up for the non-payment of first call of 20 per share.…1 mk
- Q13Debentures on which a company does not give any undertaking for the repayment of money borrowed are called: OR If the…1 mk
- Q13Tavish, Umesh and Varun were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Tavish retired.…1 mk
- Q13LN Ltd. forfeited 200 shares of T 10 each. The amount forfeited was ₹ 1,400. What will be the maximum amount of…1 mk
- Q13On 1st April, 2024, Bright Ltd. issued 20,000, 11% debentures of 3 100 each at a premium of 10%, redeemable at a…1 mk
- Q13Manav, Mayank and Manish were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March,…1 mk
- Q13MK Ltd. forfeited 100 shares of f 10 each. The amount forfeited was 800. The maximum discount per share at which these…1 mk
- Q13The debentures that can be transferred by way of delivery and the company does not keep any record of the debentures…1 mk
- Q13Anuj and Kartik were partners in a firm sharing profits and losses in the ratio of 5: 4. Anuj withdrew ₹ 20,000 in the…1 mk
- Q13Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Biswas died on 30th…1 mk
- Q13Anisha, Deepa and Charu were partners sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2024, they…1 mk
- Q13On dissolution of a firm, there was an unrecorded asset of ₹ 15,000 which was taken over by a partner at ₹ 13,000.…1 mk
- Q13X Ltd. invited applications for issuing 90,000 equity shares of 100 each. 2 The amount per share was payable as…1 mk
- Q14Shivalik Ltd. issued 7% debentures of 2 100 each at a discount of 5% on 1st April, 2023. Discount on issue of…1 mk
- Q14Pooja and Kumari were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, Noori was…1 mk
- Q14The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as OR…1 mk
- Q14Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3: 3: 2. On 1st April, 2024…1 mk
- Q14Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Amit retired on 31…1 mk
- Q14A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company, is…1 mk
- Q14shan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Jatin retired and his…1 mk
- Q14Uma and Veena were partners in a firm sharing profits and losses in the ratio of 4: 5. On 1st April, 2024 they decided…1 mk
- Q14Arushi, Vivaan and Mitali were partners in a firm. On 31st March 2024, the firm was dissolved. On that date the firm…1 mk
- Q14Shyamla Ltd. purchased machinery of 9,50,000 from Rohini Ltd. The payment was made by issue of 9% debentures of T 100…1 mk
- Q14Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Biswas died on 30th…1 mk
- Q14Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for 1/3rd share in the profits.…1 mk
- Q14A, B and C were partners in a firm sharing profits and losses in the ratio of 8: 5: 3. It was decided that with effect…1 mk
- Q14The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount (₹) Amount (₹) Bank…1 mk
- Q14Sudha, a partner withdrew ₹ 12,000 on 31st October, 2023 for her personal use. Interest on drawings is charged @ 6%…1 mk
- Q14Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5: 3: 1: 1. On 1st…1 mk
- Q14That portion of the called-up capital which has been actually received from the shareholders is called:1 mk
- Q14VL Ltd. offered for public subscription 90,000 equity shares of ₹ 10 each at a premium of 10%. The entire amount was…1 mk
- Q15Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Raghav retired. The…1 mk
- Q15The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as OR…1 mk
- Q15Ashmit, Verna and Rohan were partners in a firm sharing profits and losses in the ratio of 3: 2: l. Veena retired on…1 mk
- Q15Jayant, Vijayant and Anant were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from…1 mk
- Q15Kartik, Inder and Lalit were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from…1 mk
- Q15On 1st April, 2024, Bright Ltd. issued 20,000, 11% debentures of 2 100 each at a premium of 10%, redeemable at a…1 mk
- Q15Debentures on which a company does not give any undertaking for the repayment of money borrowed are called: OR If the…1 mk
- Q15Anisha, Deepa and Charu were partners sharing profits and losses in the ratio of 5: 3: 2. On 31St= March, 2024, they…1 mk
- Q15That portion of the called-up capital which has been actually received from the shareholders is called:1 mk
- Q15Vimal, Bose and Ghosh were partners in a firm sharing profits and losses equally. On 1st April, 2024, Bose retired from…1 mk
- Q15Manoj, Dilip and Rajinder were partners in a firm sharing profits and losses in the ratio of 7: 3: 5. Their fixed…1 mk
- Q15When the partners' capitals are fixed, the drawings made by a partner are recorded on the:1 mk
- Q15Tavish, Umesh and Varun were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Tavish retired.…1 mk
- Q15There are two statements Assertion and Reason (R): Assertion: The partners' fixed capital accounts always show a credit…1 mk
- Q15There are two statements Assertion and Reason (R): Assertion: Partnership is the result of an agreement between two or…1 mk
- Q15Manav, Mayank and Manish were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March,…1 mk
- Q15On 1st April, 2024, the Balance Sheet of Radha and Mohan showed a loan of ₹ 10,000 given by Mohan to the firm. The firm…1 mk
- Q15There are two statements Assertion and Reason (R): Assertion: Private assets of a partner can also be used for paying…1 mk
- Q16Shivalik Ltd. issued 7% debentures of 100 each at a discount of 2 5% on 1st April, 2023. Discount on issue of…1 mk
- Q16Nita, Vidur and Miter were partners in a firm sharing profits and losses in the ratio of 3: 4: 1. On 1st April 2024,…1 mk
- Q16Debentures on which a company does not give any undertaking for the repayment of money borrowed are called: OR If the…1 mk
- Q16Ravi, Mohan and Vinod were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The partnership deed…1 mk
- Q16Sona and Mona were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2024, they…1 mk
- Q16Ajay and Parth were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2024, they…1 mk
- Q16Sameer and Sohan were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2024, they…1 mk
- Q16On 1st April, 2024, Bright Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a…1 mk
- Q16Jim and Joy were partners in a firm sharing profits and losses equally. On 1st April, 2024, they admitted John as a new…1 mk
- Q16Modish and Pram were partners in a firm sharing profits and losses in the ratio of 1: 2. Their capitals were ₹ 5,00,000…1 mk
- Q16X Ltd. forfeited 100 shares of T 100 each for non-payment of the allotment money of 15 per share (including premium 5).…1 mk
- Q16Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its…1 mk
- Q164,000 shares of ₹ 10 each were forfeited for non-payment of second and final call money of ₹ 2 per share. The minimum…1 mk
- Q16There are two statements Assertion and Reason (R): Assertion: Partnership is the result of an agreement between two or…1 mk
- Q16shan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Jatin retired and his…1 mk
- Q16The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount Amount (?) (?) Bank…1 mk
- Q16Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Biswas died on 30th…1 mk
- Q16The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as:1 mk
- Q17Saurabh, Reena and Deepak were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Saurabh died on…3 mk
- Q17Bhawana and Vedika were partners in a firm sharing profits and losses in the ratio of 5: 4. From 1st April, 2024 they…3 mk
- Q17Daya and Deena were partners in a firm sharing profits and losses in the ratio of 3: 1. On 1st April, 2023, their…3 mk
- Q17On 1st April, 2023, Jain and Gupta started a partnership firm with fixed capitals of 15,00,000 and 12,00,000…3 mk
- Q17Prathma, Madhyama and Tritiya were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 1st April,…3 mk
- Q17Anubha and Yuvika were partners in a firm sharing profits and losses in the ratio of 3: 2. From 1st April 2024, they…3 mk
- Q17Alok, Sameer and Tushar were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from…3 mk
- Q17Jain and Gupta were partners in a firm sharing profits and losses in the ratio of 7: 3. On 31st March, 2024, the firm…3 mk
- Q17Sudha and Sudhir were partners in a firm sharing profits and losses in the ratio of 4: 1. On 1st April, 2023, their…3 mk
- Q17Suman and Lata were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2023, their…3 mk
- Q17Zaina, Yash and Kiran were partners in a firm sharing profits and losses in the ratio 2: 2: 1. Zaina died on 1st July,…3 mk
- Q17Aman, Suman and Tanvi were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. They decided to share…3 mk
- Q17Lata and Dheeraj were partners in a firm sharing profits and losses in the ratio of 7: 3. On 31st March, 2024, the firm…3 mk
- Q17Nishu, Rishu and Kishu were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. They decided to…3 mk
- Q17Rambha and Urvashi were partners in a firm sharing profits and losses in the ratio of 13: 12. From 1st April, 2024,…3 mk
- Q17Piyush and Mita were partners in a firm sharing profits and losses in the ratio of 5: 2. On 31st March, 2024, the firm…3 mk
- Q17Piyush, Aadi and Sud ha were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. Aadi died on 1st…3 mk
- Q17Devi and Anupam were partners in a firm. Their fixed capitals were ₹ 9,00,000 and 6,00,000 respectively on 1st April,…3 mk
- Q18Abha and Sara were partners in a firm. Their capitals were: Abha ₹ 3,00,000 and Sara ₹ 2,00,000. The normal rate of…3 mk
- Q18Sudhir and Balbir were partners in a firm sharing profits and losses in the ratio of 5: 4. The following is the extract…3 mk
- Q18Vinay and Pankaj were partners in a firm sharing profits and losses in the ratio of 3: 2. The following is the extract…3 mk
- Q18The firm of Amish, British and Misha, who have been sharing profits in the ratio of 2: 2: 1, have existed for some…3 mk
- Q18Delight Ltd. purchased assets worth ₹ 4,00,000 and took over liabilities of ₹ 70,000 of Marvel Ltd. for a purchase…3 mk
- Q18On 1st April, 2024, Varsha Ltd. purchased from Rama Ltd., furniture at % 12,00,000 and machinery at % 20,00,000. It…3 mk
- Q18Rocky and Vicky were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2024 Shivay was…3 mk
- Q18The firm of Amish, British and Misha, who have been sharing profits in the ratio of 2: 2: 1, have existed for some…3 mk
- Q18Bharat and Ishu were partners in a firm sharing profits and losses in the ratio of 4: 1. Rishab was admitted into…3 mk
- Q18Sunny and Ujjwal were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024 Timmy was…3 mk
- Q18Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and 15,00,000 respectively. Annual salary of the…3 mk
- Q18Abha and Sara were partners in a firm. Their capitals were: Abha 3,00,000 and Sara ₹ 2,00,000. The normal rate of…3 mk
- Q18KM Ltd. acquired assets worth ₹ 7,20,000 and took over liabilities of 2,00,000 of LS Ltd. for a purchase consideration…3 mk
- Q18Vishal and Pulkit were partners in a firm sharing profits and losses in the ratio of 7: 3. The following is the extract…3 mk
- Q18Bharat and Ishu were partners in a firm sharing profits and losses in the ratio of 4: 1. Rishab was admitted into…3 mk
- Q18Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and ₹ 15,00,000 respectively. Annual salary of the…3 mk
- Q18Aman, Raj and Suresh were partners in a firm sharing profits and losses in the ratio of 5: 3: 8. Suresh was guaranteed…3 mk
- Q18Luv and Kush were partners in a firm sharing profits and losses in the ratio of 5: 4. On 1st April, 2024, Rishi was…3 mk
- Q19Abhay and Sujoy entered into partnership on 1st April, 2024 with capitals of ₹ 80,00,000 and ₹ 60,00,000 respectively.…3 mk
- Q19Bharat and Ishu were partners in a firm sharing profits and losses in the ratio of 4: 1. Rishab was admitted into…3 mk
- Q19Delight Ltd. purchased assets worth ₹ 4,00,000 and took over liabilities of ₹ 70,000 of Marvel Ltd. for a purchase…3 mk
- Q19Delight Ltd. purchased assets worth ₹ 4,00,000 and took over liabilities of ₹ 70,000 of Marvel Ltd. for a purchase…3 mk
- Q19Aakash and Baadal entered into partnership on 1st October, 2023 with the capitals of ₹ 80,00,000 and ₹ 60,00,000…3 mk
- Q19Apoorv Ltd. ac uired building worth ₹ 15,50,000, Machinery worth ₹ 11,40,000 and Furniture worth ₹ 1,10,000 from Dhruv…3 mk
- Q19On 1st April, 2024, Varsha Ltd. purchased from Rama Ltd., furniture at ₹ 12,00,000 and machinery at ₹ 20,00,000. It…3 mk
- Q19Mallark Ltd. purchased assets of book value ₹ 40,00,000 and took over liabilities of ₹ 5,00,000 from Naroha Ltd. It was…3 mk
- Q19Aman, Raj and Suresh were partners in a firm sharing profits and losses in the ratio of 5: 3: 8. Suresh was guaranteed…3 mk
- Q19Mallark Ltd. purchased assets of book value ₹ 40,00,000 and took over liabilities of ₹ 5,00,000 from Naroha Ltd. It was…3 mk
- Q19Abha and Sara were partners in a firm. Their capitals were: 2 2 Abha 3,00,000 and Sara ₹ 2,00,000. The normal rate of…3 mk
- Q19Sandhya Ltd. took over the assets of 50,00,000 and liabilities of 7,00,000 of Guman Ltd. for purchase consideration of…3 mk
- Q19KM Ltd. acquired assets worth 7,20,000 and took over liabilities of ₹ 2,00,000 of LS Ltd. for a purchase consideration…3 mk
- Q19Aman, Raj and Suresh were partners in a firm sharing profits and losses in the ratio of 5: 3: 8. Suresh was guaranteed…3 mk
- Q19Apoorv Ltd. ac uired building worth ₹ 15,50,000, Machinery worth ₹ 11,40,000 and Furniture worth ₹ 1,10,000 from I)hruv…3 mk
- Q19The firm of Amish, British and Misha, who have been sharing profits in the ratio of 2: 2: 1, have existed for some…3 mk
- Q19KM Ltd. acquired assets worth 7,20,000 and took over liabilities of ₹ 2,00,000 of LS Ltd. for a purchase consideration…3 mk
- Q19On 1st April, 2024, Varsha Ltd. purchased from Rama Ltd., furniture at 12,00,000 and machinery at ₹ 20,00,000. It also…3 mk
- Q20Abhay and Sujoy entered into partnership on 1st April, 2024 with capitals of ₹ 80,00,000 and ₹ 60,00,000 respectively.…3 mk
- Q20Diksha, Krish and Rajan were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. On 1st April, 2024,…3 mk
- Q20Mallark Ltd. purchased assets of book value ₹ 40,00,000 and took over liabilities of ₹ 5,00,000 from Naroha Ltd. It was…3 mk
- Q20Aman, Govind and Guru were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Sudarshan was…3 mk
- Q20Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and 15,00,000 respectively. Annual salary of the…3 mk
- Q20Aman, Govind and Guru were partners in a firm sharing profits and l th losses in the ratio of 3: 2: 1. Sudarshan was…3 mk
- Q20The capital of the firm of Sumit and Ashy is ₹ 20.00.000 and the market rate of interest is 1'2.%. Salary of each…3 mk
- Q20The capital of the firm of Rajat and Karan is ₹ 15,00,000 and the market rate of interest is 12%. Annual salary of…3 mk
- Q20Aakash and Baadal entered into partnership on 1st October, 2023 with the capitals of ₹ 80,00,000 and ₹ 60,00,000…3 mk
- Q20Rani, Manav and Pushpa were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April, 2024,…3 mk
- Q20Aakash and Baadal entered into partnership on 1st October, 2023 with the capitals of ₹ 80,00,000 and ₹ 60,00,000…3 mk
- Q20Sandhya Ltd. took over the assets of ₹ 50,00,000 and liabilities of ₹ 7,00,000 of Guman Ltd. for purchase consideration…3 mk
- Q20Sandhya Ltd. took over the assets of ₹ 50,00,000 and liabilities of ₹ 7,00,000 of Guman Ltd. for purchase consideration…3 mk
- Q20Apoorv Ltd. acquired building worth ₹ 15,50,000, Machinery worth ₹ 11,40,000 and Furniture worth ₹ 1,10,000 from Dhruv…3 mk
- Q20Aman, Govind and Guru were partners in a firm sharing profits and 1th losses in the ratio of 3: 2: 1. Sudarshan was…3 mk
- Q20Amar, Ali and Ajay were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 1st April, 2024, Ajay…3 mk
- Q20Abhay and Sujoy entered into partnership on 1st April, 2024 with capitals of ₹ 80,00,000 and ₹ 60,00,000 respectively.…3 mk
- Q20The capital of the firm of Seema and Avi is ₹ 12.00.000 and the market rate of interest is 10%. Salary of each partner…3 mk
- Q21Ridyum Limited issued 5,000, 9% debentures of ₹ 500 each at a premium of 10%. The amount was payable as fellows: On…4 mk
- Q21PR Ltd. forfeited 10,000 equity shares of 10 each issued at a premium of 4 per share for non-payment of first call of 3…4 mk
- Q21Gupta, Jain and Singh were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. On 31st March, 2020,…4 mk
- Q21PQ Ltd. invited applications for issuing 6,000, 11% debentures of 100 3 each at a premium of 2 10 per debenture. The…4 mk
- Q21Pass necessary journal entries for the issue of debentures in the books of ZX Ltd. for the following transactions: (i)…4 mk
- Q21Pass necessary journal entries for issue of debentures for the following transactions (i) Kiero Ltd. issued 80,000, 9%…4 mk
- Q21Pass necessary journal entries for issue of debentures for the following transactions (i) Kiero Ltd. issued 80,000, 9%…4 mk
- Q21CD Ltd. invited applications for issuing 2,000, 12% debentures of 100? each at a premium of 3 10 per debenture. The…4 mk
- Q21JK Ltd. forfeited 6,000 equity shares of 10 each issued at a premium of 2 per share for the non-payment of first call…4 mk
- Q21Poonam Ltd. forfeited 2,00,000 equity shares of T 10 each issued at a premium of t 5 per share for the non - payment of…4 mk
- Q21Rohit, Mohit and Sandeep were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April,…4 mk
- Q21Sudha, Sudama and Sulochna were partners in a firm sharing profits equally. On 31st March, 2020, Sudha retired. On the…4 mk
- Q21Raja, Bharat and Vedika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet…4 mk
- Q21Pass necessary journal entries for the issue of debentures in the books of NK Ltd. for the following transactions: (i)…4 mk
- Q21EF Ltd. invited applications for issuing 4000, 10% debentures of 100 2 each at a premium of 10 per debenture. The…4 mk
- Q21Swar Sangam Limited issued 3,000, 9% debentures of ₹ 500 each at a premium of 10%. The amount was payable as follows:…4 mk
- Q21Pass necessary journal entries for the issue of debentures in the books of RN Ltd. for the following transactions: (i)…4 mk
- Q21Sargam Limited issued 2,000, 9% debentures of ₹ 500 each at a premium of 10%. The amount was payable as follows: On…4 mk
- Q22On 1st April, 2023, SM Ltd. issued 30,000, 12% debentures of 100 each at a premium of 10%, redeemable at par after four…4 mk
- Q22Raja, Bharat and Vedika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet…4 mk
- Q22Simar, Tanvi and Umara were partners in a firm sharing profits and losses in the ratio of 5: 6: 9. On 31st March, 2024…4 mk
- Q22Hans, Sohan and Kishore were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The firm closes its…4 mk
- Q22Shobha, Kalyani and Kaveri were partners in a firm sharing profits and losses in the ratio of 3: 5: 2. The firm closes…4 mk
- Q22Gopal, Heera and Iqbal were partners in a firm sharing profits and losses equally. Iqbal died on 1st April, 202 2.…4 mk
- Q22Hans, Sohan and Kishore were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The firm closes its…4 mk
- Q22Gopal, Heera and Iqbal were partners in a firm sharing profits and losses equally. Iqbal died on 1st April, 202 2.…4 mk
- Q22Simar, Tanvi and Umara were partners in a firm sharing profits and losses in the ratio of 5: 6: 9. On 31st March, 2024…4 mk
- Q22Gopal, Heera and Iqbal were partners in a firm sharing profits and losses equally. Iqbal died on 1st April, 202 2.…4 mk
- Q22On 1st April, 2023, YK Ltd. issued 20,000, 9% debentures of 100 each at a premium of 5%, redeemable after five years at…4 mk
- Q22Simar, Tanvi and Umara were partners in a firm sharing profits and losses in the ratio of 5: 6: 9. On 31st March, 2024…4 mk
- Q22Raja, Bharat and Vedika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet…4 mk
- Q22Hans, Sohan and Kishore were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The firm closes its…4 mk
- Q22On 1st April, 2023, GI Ltd. issued 40,000, 12% debentures of 100 each 3 at a premium of 10%, redeemable at par after…4 mk
- Q22Asha, Ashish and Naman were partners in a firm sharing profits and losses in the ratio of 2: 5: 3. The firm closes its…4 mk
- Q22Pass necessary journal entries for issue of debentures for the following transactions (i) Kiero Ltd. issued 80.000, 9%…4 mk
- Q22Chandni, Bhanu and Garima were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. The firm closes…4 mk
- Q23Manav and Namit were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st…6 mk
- Q23DDG Ltd. invited applications for issuing 75,000 equity shares of 75 each at a premium of 25 per share. The amount was…6 mk
- Q23Mayank Ltd. invited applications for issuing 70,000 equity shares of t 100 each. The amount was payable as follows: On…6 mk
- Q23Rishika and Shivika were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at…6 mk
- Q23PL Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 1,00,000 equity shares of ₹ 10 each. The…6 mk
- Q23The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024: Balance Sheet of…6 mk
- Q23LK Ltd. was registered with an authorised capital of ₹ 15,00,000 divided into 1,50,000 equity shares of ₹ 10 each. The…6 mk
- Q23Radhika Ltd. invited applications for issuing 40,000 equity shares of 100 each at a premium of i 50 per share. The…6 mk
- Q23Radhika Ltd. invited applications for issuing 40,000 equity shares of T 100 each at a premium of T 50 per share. The…6 mk
- Q23Kishore and Ranjan were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their…6 mk
- Q23Madhur and Neeraj were partners in a firm sharing profits and losses in the ratio of 3: 2. The Balance Sheet as at 31st…6 mk
- Q23Ratan, Singh and Sharma were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet…6 mk
- Q23MK Ltd. was registered with an authorised capital of ₹ 9,00,000 divided into 90,000 equity shares of ₹ 10 each. The…6 mk
- Q23Raja, Rajan and Rajani were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2024,…6 mk
- Q23Pass necessary journal entries for the following transactions on dissolution of the partnership firm of Preeti, Varsha…6 mk
- Q23Pass necessary journal entries for the following transactions on dissolution of the firm of Sachin, Virat and Rohit…6 mk
- Q23Uma and Umesh were partners in a firm sharing profits and losses in the ratio of 2: 3. On 31st March, 2024, their…6 mk
- Q23Pass necessary journal entries for the following transactions on dissolution of the firm of Rajesh, Somesh and Yogesh…6 mk
- Q24Pass necessary journal entries for the following transactions on the dissolution of the partnership firm of Mansha and…6 mk
- Q24Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Sami…6 mk
- Q24Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4: 3. Their Balance Sheet as at 31st…6 mk
- Q24Alexia Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at premium of ₹ 10 per share. The…6 mk
- Q24The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024: Balance Sheet of…6 mk
- Q24Atharv and Anmol were partners in a firm sharing profits and losses in the ratio of 5: 2. Their Balance Sheet as at…6 mk
- Q24Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st…6 mk
- Q24Mayank Ltd. invited applications for issuing 70,000 equity shares of t 100 each. The amount was payable as follows: On…6 mk
- Q24DDG Ltd. invited applications for issuing 75,000 equity shares of T 75 each at a premium of 25 per share. The amount…6 mk
- Q24Centurian Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 20 per share. The…6 mk
- Q24Raja, Rajan and Rajani were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2024,…6 mk
- Q24Pass the necessary journal entries for the following transactions on the dissolution of a partnership firm of Vibha and…6 mk
- Q24Kishore and Ranjan were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their…6 mk
- Q24Following is the extract of the Balance Sheet of Sankalp Ltd. as per Schedule III, Part I of the Companies Act, 2013 as…6 mk
- Q24Radhika Ltd. invited applications for issuing 40,000 equity shares of T 100 each at a premium of t 50 per share. The…6 mk
- Q24Ratan, Singh and Sharma were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet…6 mk
- Q24Uma and Umesh were partners in a firm sharing profits and losses in the ratio of 2: 3. On 31st March, 2024, their…6 mk
- Q24Kishore and Ranjan were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their…6 mk
- Q25Mayank Ltd. invited applications for issuing 70,000 equity shares of f 100 each. The amount was payable as follows: On…6 mk
- Q25Rishi, Manu and Komal were partners in a firm sharing profits and losses in the ratio of 3: 4: 5. On 31st March, 2024…6 mk
- Q25Atharv and Anmol were partners in a firm sharing profits and losses in the ratio of 5: 2. Their Balance Sheet as at…6 mk
- Q25Centurian Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 20 per share. The…6 mk
- Q25Altima Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The…6 mk
- Q25Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4: 3. Their Balance Sheet as at 31st…6 mk
- Q25Lalit and Madan were partners in a firm sharing profits and losses in the ratio of 7: 3. On 31st March, 2024 their firm…6 mk
- Q25Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st…6 mk
- Q25Dev, Santosh and Arti were partners in a firm sharing profits and losses in the ratio of 1: 2: 2. On 31st March, 2024,…6 mk
- Q25Guru, Samta and Prakash were partners in a firm sharing profits and losses in the ratio of 2: 3: 5. On 31st March,…6 mk
- Q25Uma and Umesh were partners in a firm sharing profits and losses in the ratio of 2: 3. On 31st March, 2024, their…6 mk
- Q25Following is the extract of the Balance Sheet of Sankalp Ltd. as per Schedule III, Part I of the Companies Act, 2013 as…6 mk
- Q25Alexia Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at premium of ₹ 10 per share. The…6 mk
- Q25Madhavan, Chatterjee and Pillai were partners in a firm sharing profits and losses in ratio of 2: 1: 2. On 31st March,…6 mk
- Q25Altima Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The…6 mk
- Q25Tushar, Mehta and Ghosh were partners in a firm sharing profits and losses in the ratio of 1: 2: 4. On 31st March, 2024…6 mk
- Q25Aryan and Adya were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet on 31st…6 mk
- Q25Raja, Rajan and Rajani were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2024,…6 mk
- Q26Neera Ltd. is registered with an authorised capital of 2,00,00,000 divided into equity shares of t 10 each. The company…6 mk
- Q26Altima Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The…6 mk
- Q26Ratan, Singh and Sharma were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet…6 mk
- Q26Meera Ltd. is registered with an authorised capital of 1,00,00,000 divided into equity shares of 10 each. The company…6 mk
- Q26Centurian Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 20 per share. The…6 mk
- Q26DDG Ltd. invited applications for issuing 75,000 equity shares of t 75 each at a premium of 25 per share. The amount…6 mk
- Q26Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4: 3. Their Balance Sheet as at 31st…6 mk
- Q26Following is the extract of the Balance Sheet of Sankalp Ltd. as per Schedule III, Part I of the Companies Act, 2013 as…6 mk
- Q26ABC Ltd. was registered with authorised capital of ₹ 1,00,00,000 divided into 10,00,000 equity shares of t 10 each. On…6 mk
- Q26Aryan and Adya were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet on 31st…6 mk
- Q26ABC Ltd. was registered with authorised capital of ₹ 1,00,00,000 divided into 10,00,000 equity shares of T 10 each. On…6 mk
- Q26The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024: Balance Sheet of…6 mk
- Q26Atharv and Anmol were partners in a firm sharing profits and losses in the ratio of 5: 2. Their Balance Sheet as at…6 mk
- Q26ABC Ltd. was registered with authorised capital of ₹ 1,00,00,000 divided into 10,00,000 equity shares of t 10 each. On…6 mk
- Q26Meetu Ltd. is registered with an authorised capital of 1,00,00,000 divided into equity shares of 10 each. The company…6 mk
- Q26Aryan and Adya were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet on 31st…6 mk
- Q26Alexia Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at remit of ₹ 10 per share. The…6 mk
- Q26Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st…6 mk
- Q27To see all available shape styles which of the following button is clicked. 'P1 mk
- Q27Which of the following is not an advantage of Computerised Accounting System? OR The need for codification is for:1 mk
- Q27is not a tool of 'Analysis of Financial Statements'. OR In 'Common size income statement' each item is expressed as a…1 mk
- Q27The Debt Equity Ratio of nanak Enterprises is 2.5: 1. Which of the following transaction will result in increase in…1 mk
- Q27A piece of information shown in a graph which is assigned to the data series is known as: OR Identify the type of code…1 mk
- Q27In a graph, the area bounded by different axes is known as:1 mk
- Q27The Current Ratio of Manas Ltd. is 2: 1. Which of the following transactions will reduce the current ratio?1 mk
- Q27The Quick Ratio of a company is 1: 1. Which of the following transactions will result in increase in Quick Ratio?1 mk
- Q27The tool of analysis of financial statements which indicates the trend and direction of financial position and…1 mk
- Q27The tool of 'Analysis of Financial Statements' which indicates the trend and direction of financial position and…1 mk
- Q27Which of the following is 9 a part of Asset group 'Current Assets' in account group of Assets. OR Null value is the…1 mk
- Q27Identify the error which will be displayed on the screen when the value is not available to a function or formula:1 mk
- Q27Cash Flow Statement is prepared in accordance with: OR Which of the following statements is correct?1 mk
- Q27Which of the following voucher records outflow of money from the business? OR The raw facts for any business…1 mk
- Q27Ratios that are calculated for measuring the efficiency of operations of business based on effective utilisation of…1 mk
- Q27Short-term highly liquid investments qualify as cash equivalents if they are realisable into known amounts of cash from…1 mk
- Q27Statement I: In case of non-financial enterprises, payment of interest and dividends are classified as financing…1 mk
- Q27The statement that shows changes in all items of financial statements in absolute and percentage terms over a period of…1 mk
- Q27It is a widely accepted security control. It uses binary coding format of storage to offer access to database. It is…1 mk
- Q27Name the accounting information sub-system which deals with payment of wages and salaries of employees. OR When the…1 mk
- Q27Operating ratio of a company is 63%. Its gross profit ratio is 20%. What will be its operating profit ratio? OR Which…1 mk
- Q27The Current Ratio of Magnum Ltd. is 25: 1. Which of the following transactions will result in decrease in this ratio?1 mk
- Q27How is navigation conducted from first to last cell in a cluster of data in a column by skipping all the cells in…1 mk
- Q27If the operating ratio of Sana Ltd. is 28%, its operating profit ratio will be. OR The statement which expresses all…1 mk
- Q27How are ranges identified within Excel? OR Two important requirements of an accounting report are:1 mk
- Q27The Quick Ratio of a company is 2: 1. Which of the following transactions will result in decrease of this ratio?1 mk
- Q27'MAJN' for Mangaluru Junction is an example of: OR Which of the following is not contained in Account group Current…1 mk
- Q27Computerised Accounting System rests on Five Pillars: Data, People, Procedure and,. Identify the blank pillars from the…1 mk
- Q27There are two statements: Statement I: The balance in the Statement of Profit and Loss in the Balance Sheet of Samta…1 mk
- Q27Which chart element provides additional information about a data marker to identify the details of data in data series?1 mk
- Q27To safeguard assets and optimise the use of resources of a business OR Which of the following item is not included in…1 mk
- Q27Which of the following is an adjustment voucher normally used for non- cash transaction?1 mk
- Q27Which of the following transactions will result in 'Cash Flows from Operating Activities'? OR 'Sale of Patents' will…1 mk
- Q27The code that enables identification of missing documents is: OR Absence of data item is represented by a special value…1 mk
- Q27Which of the following are operating activities for the purpose of preparing cash flow statement? (i) Cash payments to…1 mk
- Q27'LABELS' in Excel means: OR Which of the following is not contained on formula tab on Excel ribbon?1 mk
- Q28is not a tool of 'Analysis of Financial Statements'. OR In 'Common size income statement' each item is expressed as a…1 mk
- Q28Which of the following is an adjustment voucher normally used for non- cash transaction?1 mk
- Q28To see all available shape styles which of the following button is clicked?1 mk
- Q28In a graph, the area bounded by different axes is known as:1 mk
- Q28If the operating ratio of Sana Ltd. is 28%, its operating profit ratio will be. OR The statement which expresses all…1 mk
- Q28There are two statements: Statement I: The balance in the Statement of Profit and Loss in the Balance Sheet of Samta…1 mk
- Q28How are ranges identified within Excel? OR Two important requirements of an accounting report are:1 mk
- Q28Identify the error which will be displayed on the screen when the value is not available to a function or formula:1 mk
- Q28Cash Flow Statement is prepared in accordance with: OR Which of the following statements is correct?1 mk
- Q28Which of the following is a part of Asset group 'Current Assets' in account group of Assets? OR Null value is the…1 mk
- Q28MS Excel considers which of the following group of mathematical operations to be of equal importance?1 mk
- Q28The software of computerised accounting system can be used for any size of business and type of organization as it…1 mk
- Q28'LABELS' in Excel means: OR Which of the following is not contained on formula tab on Excel ribbon?1 mk
- Q28Which of the following are operating activities for the purpose of preparing cash flow statement? (i) Cash payments to…1 mk
- Q28It is a widely accepted security control. It uses binary coding format of storage to offer access to database. It is…1 mk
- Q28Ratios that are calculated for measuring the efficiency of operations of business based on effective utilisation of…1 mk
- Q28Which chart element provides additional information about a data marker to identify the details of data in data series?1 mk
- Q28Statement I: Snow Ltd. made a net profit of ₹ 5,00,000 after taking into consideration interest on investment of ₹…1 mk
- Q28The activities that result in changes in the size and composition of the owners' capital and borrowings of the…1 mk
- Q28Which of the following transactions will result in 'Cash Flows from Operating Activities'? OR 'Sale of Patents' will…1 mk
- Q28The tool of 'Anal sis of Financial Statements' which indicates the trend and direction of financial position and…1 mk
- Q28Which of the following transactions will result in outflow of cash? OR In case of a non-financial enterprise, payment…1 mk
- Q28Statement-I: Snow Limited earned a profit of ₹ 2,00,000 after charging depreciation of ₹ 50,000 on machinery. S0,…1 mk
- Q28To safeguard assets and optimise the use of resources of a business OR Which of the following item is not included in…1 mk
- Q28To see all the available shape styles, which of the following button is to be clicked?1 mk
- Q28The activities that result in changes in the size and composition of the owners' capital and borrowings of the…1 mk
- Q28How is navigation conducted from first to last cell in a cluster of data in a column by skipping all the cells in…1 mk
- Q28The outcome of an arithmetic expression or function is called:1 mk
- Q28The Debt Equity Ratio of nanak Enterprises is 2.5: 1. Which of the following transaction will result in increase in…1 mk
- Q28The Current Ratio of Magnum Ltd. is 2-5: 1. Which of the following transactions will result in decrease in this ratio?1 mk
- Q28A cell reference that either holds raw or column constant when the formula or function is copied to another location is…1 mk
- Q28Short-term highly liquid investments quali as cash equivalents if they are realisable into known amounts O cash from…1 mk
- Q28Statement - I: Investing activities are the acquisition and disposal of long term assets and other investments not…1 mk
- Q28'MAJN' for Mangaluru Junction is an example of: OR Which of the following is not contained in Account group Current…1 mk
- Q28The Current Ratio of Manas Ltd. is 2: 1. Which of the following transactions will reduce the current ratio?1 mk
- Q28What is the activity sequence of the basic information processing model?1 mk
- Q29A piece of information shown in a graph which is assigned to the data series is known as: OR Identify the type of code…1 mk
- Q29Which of the following voucher records outflow of money from the business? OR The raw facts for any business…1 mk
- Q29It is a widely accepted security control. It uses binary coding format of storage to offer access to database. It is…1 mk
- Q29If the operating ratio of Sana Ltd. is 28%, its operating profit ratio will be. OR The statement which expresses all…1 mk
- Q29The Quick Ratio of a company is 2: 1. Which of the following transactions will result in decrease of this ratio?1 mk
- Q29The activities that result in changes in the size and composition of the owners' capital and borrowings of the…1 mk
- Q29Statement-I: Snow Limited earned a profit of ₹ 2., O() 000, after charging depreciation of ₹ 50,000 on machinery. S0,…1 mk
- Q29The Current Ratio of Manas Ltd. is 2: 1. Which of the following transactions will reduce the current ratio?1 mk
- Q29Name the accounting information sub-system which deals with payment of wages and salaries of employees. OR When the…1 mk
- Q29Which of the following are operating activities for the purpose of preparing cash flow statement? (i) Cash payments to…1 mk
- Q29Statement I: Snow Ltd. made a net profit of ₹ 5,00,000 after taking into consideration interest on investment of ₹…1 mk
- Q29Statement - I: Investing activities are the acquisition and disposal of long term assets and other investments not…1 mk
- Q29is not a tool of 'Analysis of Financial Statements'. OR In 'Common size income statement' each item is expressed as a…1 mk
- Q29To safeguard assets and optimise the use of resources of a business OR Which of the following item is not included in…1 mk
- Q29The code that enables identification of missing documents is: OR Absence of data item is represented by a special value…1 mk
- Q29What is the activity sequence of the basic information processing model?1 mk
- Q29The software of computerised accounting system can be used for any size of business and type of organization as it…1 mk
- Q29The Quick Ratio of a company is 1: 1. Which of the following transactions will result in increase in Quick Ratio?1 mk
- Q29The statement that shows changes in all items of financial statements in absolute and percentage terms over a period of…1 mk
- Q29The Current Ratio of Magnum Ltd. is 25: 1. Which of the following transactions will result in decrease in this ratio?1 mk
- Q29Which of the following is a part of Asset group 'Current Assets' in account group of Assets? OR Null value is the…1 mk
- Q29The tool of 'Analysis of Financial Statements' which indicates the trend and direction of financial position and…1 mk
- Q29Which of the following transactions will result in 'Cash Flows from Operating Activities'? OR 'Sale of Patents' will…1 mk
- Q29The tool of analysis of financial statements which indicates the trend and direction of financial position and…1 mk
- Q29How are ranges identified within Excel? OR Two important requirements of an accounting report are:1 mk
- Q29Operating ratio of a company is 63%. Its gross profit ratio is 20%. What will be its operating profit ratio? OR Which…1 mk
- Q29Computerised Accounting System rests on Five Pillars: Data, People, Procedure and,. Identify the blank pillars from the…1 mk
- Q29To see all the available shape styles, which of the following button is to be clicked?1 mk
- Q29Which of the following is not an advantage of Computerised Accounting System? OR The need for codification is for:1 mk
- Q29Which of the following transactions will result in outflow of cash? OR In case of a non-financial enterprise, payment…1 mk
- Q29How is navigation conducted from first to last cell in a cluster of data in a column by skipping all the cells in…1 mk
- Q29Ratios that are calculated for measuring the efficiency of operations of business based on effective utilisation of…1 mk
- Q29MS Excel considers which of the following group of mathematical operations to be of equal importance?1 mk
- Q29The outcome of an arithmetic expression or function is called:1 mk
- Q29A cell reference that either holds raw or column constant when the formula or function is copied to another location is…1 mk
- Q29'MAJN' for Mangaluru Junction is an example of: OR Which of the following is not contained in Account group Current…1 mk
- Q30The code that enables identification of missing documents is: OR Absence of data item is represented by a special value…1 mk
- Q30Name the accounting information sub-system which deals with payment of wages and salaries of employees. OR When the…1 mk
- Q30Short-term highly liquid investments qualif as cash equivalents if they are realisable into known amounts ofYcash from…1 mk
- Q30Statement I: Sale of marketable securities will result in flow of cash. Statement II: Cash flow implies movement of…1 mk
- Q30The Quick Ratio of a company is 1: 1. Which of the following transactions will result in increase in Quick Ratio?1 mk
- Q30Computerised Accounting System rests on Five Pillars: Data, People, Procedure and,. Identify the blank pillars from the…1 mk
- Q30The software of computerised accounting system can be used for any size of business and type of organization as it…1 mk
- Q30Statement I: In case of non-financial enterprises, payment of interest and dividends are classified as financing…1 mk
- Q30Which chart element provides additional information about a data marker to identify the details of data in data series?1 mk
- Q30There are two statements: Statement I: The balance in the Statement of Profit and Loss in the Balance Sheet of Samta…1 mk
- Q30The outcome of an arithmetic expression or function is called:1 mk
- Q30Identify the error which will be displayed on the screen when the value is not available to a function or formula:1 mk
- Q30Which of the following voucher records outflow of money from the business? OR The raw facts for any business…1 mk
- Q30Which of the following transactions will result in outflow of cash? OR In case of a non-financial enterprise, payment…1 mk
- Q30Which of the following is not an advantage of Computerised Accounting System? OR The need for codification is for:1 mk
- Q30A piece of information shown in a graph which is assigned to the data series is known as: OR Identify the type of code…1 mk
- Q30Operating ratio of a company is 63%. Its gross profit ratio is 20%. What will be its operating profit ratio? OR Which…1 mk
- Q30Statement I: Sale of marketable securities will result in flow of cash. Statement II: Cash flow implies movement of…1 mk
- Q30A cell reference that either holds raw or column constant when the formula or function is copied to another location is…1 mk
- Q30What is the activity sequence of the basic information processing model?1 mk
- Q30Cash Flow Statement is prepared in accordance with: OR Which of the following statements is correct?1 mk
- Q30The Debt Equity Ratio of nanak Enterprises is 2.5: 1. Which of the following transaction will result in increase in…1 mk
- Q30In a graph, the area bounded by different axes is known as:1 mk
- Q30Which of the following is an adjustment voucher normally used for non- cash transaction?1 mk
- Q30To see all the available shape styles, which of the following button is to he clicked?1 mk
- Q30Statement - I: Investing activities are the acquisition and disposal of long term assets and other investments not…1 mk
- Q30To see all available shape styles which of the following button is clicked?1 mk
- Q30Statement I: Snow Ltd. made a net profit of ₹ 5,00,000 after taking into consideration interest on investment of ₹…1 mk
- Q30Statement-I: Snow Limited earned a profit of ₹ 2,00,000 after charging depreciation of ₹ 50,000 on machinery. S0,…1 mk
- Q30The Quick Ratio of a company is 2: 1. Which of the following transactions will result in decrease of this ratio?1 mk
- Q30Statement I: In case of non-financial enterprises, payment of interest and dividends are classified as financing…1 mk
- Q30Statement I: Sale of marketable securities will result in flow of cash. Statement II: Cash flow implies movement of…1 mk
- Q30MS Excel considers which of the following group of mathematical operations to be of equal importance?1 mk
- Q30The statement that shows changes in all items of financial statements in absolute and percentage terms over a period of…1 mk
- Q30'LABELS' in Excel means: OR Which of the following is not contained on formula tab on Excel ribbon?1 mk
- Q30The tool of analysis of financial statements which indicates the trend and direction of financial position and…1 mk
- Q31Which built-in function can be used to compute monthly instalments of repayment of loan? State its parameters also.3 mk
- Q31Name the error which occurs when Excel doesn't recognize a 'Text' formula. Give any two solutions to correct it.3 mk
- Q31Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per…3 mk
- Q31State the phases of 'Accounting Cycle'.3 mk
- Q31Classify the following items under major heads and sub-heads (if any) 111 • the Balance Sheet of the company as per…3 mk
- Q31Write the advantages of using Graphs.3 mk
- Q31Under which major headings and sub-headings (if any) will the following items be presented in the Balance Sheet of a…3 mk
- Q31With the help of an example explain sequential code and block code.3 mk
- Q31Show the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule…3 mk
- Q31List six features of an Accounting Software.3 mk
- Q31Classify the following items under major heads and sub-heads (if any) 111 • the balance sheet of the company as per…3 mk
- Q31Show the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule…3 mk
- Q31Classify the following items under major heads and sub-heads (if any) 111 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 the Company as per…3 mk
- Q31What is meant by 'Data', 'Information' and 'Transaction'3 mk
- Q31Under which major headings and sub-headings (if any) will the following items be shown in the Balance Sheet of a…3 mk
- Q31State the advantages of 'Pivot Table' report.3 mk
- Q31Explain the ways in which accounting software provide data security, safety and confidentiality.3 mk
- Q31Under which major heads and sub-heads (if any) will the following items be shown in the Balance Sheet of the company as…3 mk
- Q31Under which major heads and sub-heads (if any) will the following items be shown in the Balance Sheet of the company as…3 mk
- Q31Under which major headings and sub-headings (if any) will the following items be shown in the Balance Sheet of a…3 mk
- Q31Explain the following: (i) Memo Voucher (ii) Post-dated Voucher (iii) User defined Voucher3 mk
- Q31State the phases of 'Accounting Cycle'.3 mk
- Q31What is meant by 'Data', 'Information' and Transaction'3 mk
- Q31Name the error which occurs when Excel doesn't recognize a 'Text' formula. Give any two solutions to correct it.3 mk
- Q31Classify the following items under major heads and sub-heads (if any) 111 • the balance sheet of the company as per…3 mk
- Q31In an accounting software how many pre-defined account groups exist? State their further division with reference to…3 mk
- Q31Classify the following items under major heads and sub-heads (if any) 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 the company as per…3 mk
- Q31Differentiate between tailored and specific softwares on any three basis.3 mk
- Q31Explain the ways in which accounting software provide data security, safety and confidentiality.3 mk
- Q31Write the advantages of using Graphs.3 mk
- Q31Under which major heads and sub-heads (if any) will the following items be shown in the Balance Sheet of a company as…3 mk
- Q31Classify the following items under major heads and sub-heads (if any) 111 • the Balance Sheet of a company as per…3 mk
- Q31With the help of an example explain sequential code and block code.3 mk
- Q31Show the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule…3 mk
- Q32From the following information, prepare a Comparative Statement of Profit and Loss of X Ltd. for the year ended 31st…3 mk
- Q32Differentiate between tailored and specific softwares on any three basis.3 mk
- Q32From the following information, prepare a Comparative Statement of Profit and Loss for the year ended 31" March, 2024:…3 mk
- Q32Name the error which occurs when Excel doesn't recognize a 'Text' formula. Give any two solutions to correct it.3 mk
- Q32State the phases of 'Accounting Cycle'.3 mk
- Q32From the following Balance Sheet of Nayak Ltd. prepare a Comparative Balance Sheet: Balance Sheet of Nayak Ltd. as at…3 mk
- Q32Explain the following: (i) Memo Voucher (ii) Post-dated Voucher (iii) User defined Voucher3 mk
- Q32From the following information of CN Ltd., prepare a common size Statement of Profit and Loss for the years ended 31st…3 mk
- Q32Explain the ways in which accounting software provide data security, safety and confidentiality.3 mk
- Q32List six features of an Accounting Software.3 mk
- Q32In an accounting software how many pre-defined account groups exist? State their further division with reference to…3 mk
- Q32Prepare a Common Size Statement of profit and loss of Laveena Ltd. for the year ended 31st March, 2023 and 31st March,…3 mk
- Q32What is meant by 'Data', 'Information' and Transaction'3 mk
- Q32From the following information of Jamna Ltd. prepare a Comparative Statement of Profit and Loss for the year ended 31st…3 mk
- Q32Differentiate between tailored and specific softwares on any three basis.3 mk
- Q32From the following Balance Sheet of GGM Ltd. prepare a Comparative Balance Sheet. Balance Sheet of GGM Ltd. as at 31st…3 mk
- Q32Explain the following: (i) Memo Voucher (ii) Post-dated Voucher (iii) User defined Voucher3 mk
- Q32From the following information, prepare a Comparative Statement of Profit and Loss of Smart Ltd. Particu as 2023-24…3 mk
- Q32From the following Balance Sheet of Vinayak Ltd., prepare a Comparative Balance Sheet. Balance Sheet of Vinayak Ltd. as…3 mk
- Q32tate the advantages of 'Pivot Table' report.3 mk
- Q32From the following information of KL Ltd., prepare a Common Size Statement of Profit and Loss for the year ended 31st…3 mk
- Q32From the following information, prepare a Common Size Statement of Profit and Loss of Betanik Ltd. for the year ended…3 mk
- Q32In an accounting software how many pre-defined account groups exist? State their further division with reference to…3 mk
- Q32List six features of an Accounting Software.3 mk
- Q32Which built-in function can be used to compute monthly instalments of repayment of loan? State its parameters also.3 mk
- Q32Prepare a Common Size Balance Sheet of ZXT Ltd. from the following information.3 mk
- Q32From the following information, prepare a Common Size Statement of Profit and Loss of QLM Ltd. for the year ended 31st…3 mk
- Q32From the following information of NK Ltd., prepare a common size Statement of Profit and Loss for the years ended 31st;…3 mk
- Q32Prepare a Comparative Balance Sheet of Tushar Ltd. as at 31st March, 2024, from the following information.3 mk
- Q32From the following information of AK Ltd., prepare a Comparative Statement of Profit and Loss for the year ended 31st…3 mk
- Q32From the following information prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2024:…3 mk
- Q32With the help of an example explain sequential code and block code.3 mk
- Q32Which built-in function can be used to compute monthly instalments of repayment of loan? State its parameters also.3 mk
- Q32State the advantages of 'Pivot Table' report.3 mk
- Q32Write the advantages of using Graphs.3 mk
- Q32From the following information of PK Ltd., prepare a common size Statement of Profit and Loss for the years ended 3131;…3 mk
- Q33The current ratio of Jack Ltd. is 3·2: 1 and the quick ratio is 1·5: 1. The excess of current assets over quick assets…4 mk
- Q33What are the different phases of accounting cycle which can be processed through the use of computers? OR List eight…4 mk
- Q33What are the different phases of accounting cycle which can be processed through the use of computers? OR List eight…4 mk
- Q33The following information has been obtained from the books of Vivek Ltd.: T 10% Debentures 15,00,000 Current…4 mk
- Q33From the following information, calculate Opening Trade Receivables and Closing Trade Receivables: Trade Receivables…4 mk
- Q33The following information has been obtained from the books of Gama Ltd.: Particulars Amount ( ) Inventory 2,50,000…4 mk
- Q33Calculate opening and closing Trade Payables from the following information: Total purchases ₹ 15,00,000, Cash…4 mk
- Q33Calculate opening and closing Trade Payables from the following information: Total purchases ₹ 15,00,000, Cash…4 mk
- Q33From the following information, calculate Opening Trade Receivables and Closing Trade Receivables: Trade Receivables…4 mk
- Q33Explain 'Generic' and 'Customised' accounting software. OR 'A business data needs to be guarded from its competitors '.…4 mk
- Q33The following information has been obtained from the books of Vivek Ltd.: T 10% Debentures 15,00,000 Current…4 mk
- Q33What is data formatting? What tools are used to format data? OR Explain 'ROUND function of Excel.4 mk
- Q33Explain 'Generic' and 'Customised' accounting software. OR 'A business data needs to be guarded from its competitors '.…4 mk
- Q33From the following information, calculate Interest Coverage Ratio: OR Calculate the amount of Opening Trade Receivables…4 mk
- Q33The current ratio of Jack Ltd. is 3·2: 1 and the quick ratio is 1·5: 1. The excess of current assets over quick assets…4 mk
- Q33The following information has been obtained from the books of Gama Ltd.: Particulars Amount ( ) Inventory 2,50,000…4 mk
- Q33Each and every data from Notepad file can be saved as an Excel data file. This provides a lead that Excel worksheet…4 mk
- Q33Develop a code for Nisha, Roll No. 23 who took admission in Section A, Class XI in the year 2024 in School No. 10 run…4 mk
- Q33State the steps to prepare a chart. OR What is meant by internal margin while using MS Excel? State the options…4 mk
- Q33State the steps to prepare a chart. OR What is meant by internal margin while using MS Excel? State the options…4 mk
- Q33The following information has been obtained from the books of Vivek Ltd.: 10% Debentures 15,00,000 Current Liabilities…4 mk
- Q33Develop a code for Nisha, Roll No. 23 who took admission in Section A, Class XI in the year 2024 in School No. 10 run…4 mk
- Q33Explain 'Generic' and 'Customised' accounting software. OR 'A business data needs to be guarded from its competitors '.…4 mk
- Q33State the steps to prepare a chart. OR What is meant by internal margin while using MS Excel? State the options…4 mk
- Q33From the following information, calculate Interest Coverage Ratio: OR Calculate the amount of Opening Trade Receivables…4 mk
- Q33Calculate opening and closing Trade Payables from the following information: Total purchases ₹ 15,00,000; Cash…4 mk
- Q33What is data formatting? What tools are used to format data? OR Explain 'ROUND function of Excel.4 mk
- Q33Each and every data from Notepad file can be saved as an Excel data file. This provides a lead that Excel worksheet…4 mk
- Q33The current ratio of Jack Ltd. is 3·2: 1 and the quick ratio is 1·5: 1. The excess of current assets over quick assets…4 mk
- Q33Each and every data from Notepad file can be saved as an Excel data file. This provides a lead that Excel worksheet…4 mk
- Q33From the following information, calculate Opening Trade Receivables and Closing Trade Receivables: Trade Receivables…4 mk
- Q33Develop a code for Nisha, Roll No. 23 who took admission in Section A, Class XI in the year 2024 in School No. 10 run…4 mk
- Q33What is data formatting? What tools are used to format data? OR Explain 'ROUND function of Excel.4 mk
- Q33What are the different phases of accounting cycle which can be processed through the use of computers? OR List eight…4 mk
- Q33The following information has been obtained from the books of Gama Ltd.: Particulars Amount ( ) Inventory 2,50,000…4 mk
- Q33From the following information, calculate Interest Coverage Ratio: OR Calculate the amount of Opening Trade Receivables…4 mk
- Q34On 31st March, 2024 following is the Balance Sheet of Bhavik Limited: Bhavik Ltd. Balance Sheet as at 31st Mareh 2024…6 mk
- Q34From the following information extracted from the books of Kant Ltd., calculate 'Cash Flows from Operating Activities'.…6 mk
- Q34From the following information extracted from the books of Kant Ltd., calculate 'Cash Flows from Operating Activities'.…6 mk
- Q34(3) From the following information, calculate Cash Flows from Investing Activities: 31-3-2024 31-3-2023 Particulars (Q)…6 mk
- Q34Which function can be used as an alternate to the 'IF' function for elaborate test and why? Give the meaning of its…6 mk
- Q34The following information has been extracted from the books of Ram Lal Ltd.: 31.3.2024 31.3.2023 Particulars (T) (t)…6 mk
- Q34Cn 31st March, 2024 following is the Balance Sheet of Bhavik Limited: Bhavik Ltd. Balance Sheet as at 31st Mareh 2024…6 mk
- Q34List any six questions which are often asked when a user wants to be benefited by conditional formatting. Also state…6 mk
- Q34Name the error which occurs when there is some invalid numeric value (e.g. you try to calculate square root of some…6 mk
- Q34Explain the financial function which is used to calculate interest rate per period of an annuity.6 mk
- Q34From the following information extracted from the books of Kant Ltd., calculate 'Cash Flows from Operating Activities'.…6 mk
- Q34On 31st March, 2024 following is the Balance Sheet of Bhavik Limited: Bhavik Ltd. Balance Sheet as at 31st March 2024…6 mk
- Q34From the following Balance Sheet of Bose Ltd. as at 31st March, 2024, calculate 'Cash Flows from Operating Activities'.…6 mk
- Q34From the following information, calculate Cash Flows from Investing Activities: 31-3-2024 31-3-2023 Particulars (Q) (Q)…6 mk
- Q34Calculate 'Cash Flows from Investing Activities' from the following information: 31.03.2024 31.03.2023 Particulars ( )…6 mk
- Q34Name the error which occurs when the column is not wide enough or a negative date or time is used. How can it be…6 mk
- Q34From the following Balance Sheet of Bose Ltd. as at 31st March, 2024, calculate 'Cash Flows from Operating Activities'.…6 mk
- Q34What is meant by 'Pivot Table'? What are its uses?6 mk
- Q34Which error appears when there is formula or function with 'invalid' numeric value? How can you correct it?6 mk
- Q34If a user wishes to change a 'Text Option' as an element of chart, how can he/she do so? Explain.6 mk
- Q34State the steps to import data from a text file.6 mk
- Q34The following information has been extracted from the books of Ram Lal Ltd.: 31.3.2024 31.3.2023 Particulars (T) ()…6 mk
- Q34How can conditional formatting be changed? Explain.6 mk
- Q34Calculate 'Cash Flows from Investing Activities' from the following information: 31.03.2024 31.03.2023 Particulars ( )…6 mk
- Q34State the steps in creating a pie chart using Excel.6 mk
- Q34Calculate 'Cash Flows from Investing Activities' from the following information: 31.03.2024 31.03.2023 Particulars ( )…6 mk
- Q34From the following information, calculate Cash Flows from Investing Activities: 31-3-2024 31-3-2023 Particulars (Q) (Q)…6 mk
- Q34From the following Balance Sheet of Bose Ltd. as at 31st March, 2024, calculate 'Cash Flows from Operating Activities'.…6 mk
- Q34'As per the requirement of the user, MS Excel gives an option to change chart elements.' State the options available to…6 mk
- Q34= SUM (B2B3) will give an error while using a spreadsheet. Identify the error and state the steps to correct it.6 mk
- Q34'As per the requirement of the user, Excel gives an option to change chart elements.' State the options available to…6 mk
- Q34Name the error which occurs when a given number is divided by zero; e.g. 7/0. What are the reasons for this error? How…6 mk
- Q34'Different chart elements can be formatted and edited as per requirement.' State various options available to a user,…6 mk
- Q34In case the total cost of a machine less installation charges is greater than ₹ 2,00,000, then 20% depreciation is…6 mk
- Q34The following information has been extracted from the books of Ram Lal Ltd.: 31.3.2024 31.3.2023 Particulars (T) (t)…6 mk
- Q34State the steps to be followed to copy or import the data into required cells of Excel worksheet.6 mk
Other Accountancy years
Answers come from CBSE’s own marking schemes. How we source them.