HSC Commerce 12th Board ExamMaharashtra State Board
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Important Questions for HSC Commerce 12th Board Exam - Maharashtra State Board - Book Keeping and Accountancy

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Book Keeping and Accountancy
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State any one limitation of Analysis of Financial Statement.

Appears in 6 question papers
Chapter: [9] Analysis of Financial Statements
Concept: Concept of Financial Statement Analysis

what is trial balance ?

Appears in 2 question papers
Chapter: [1] Introduction to Partnership
Concept: Meaning and Definitions of Partnership and Partnership Deed
The debit balance of a trading account.
Appears in 2 question papers
Chapter: [2] Partnership Final Accounts
Concept: Adjustments - Unrecorded Purchases and Sales

Closing stock is always valued at market price.

Appears in 2 question papers
Chapter: [2] Partnership Final Accounts
Concept: Effects of Adjustments-Closing Stock

What do you mean by 'sacrifice ratio'?

Appears in 2 question papers
Chapter: [3] Reconstitution of Partnership
Concept: Admission of a Partner - Sacrifice Ratio and New Ratio

An asset which can be converted into cash immediately.

Appears in 2 question papers
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: Additional Information - Opening Balances of Assets and Liabilities
What is 'deficit'?
Appears in 2 question papers
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: Preparation of Income and Expenditure Account and Closing Balance Sheet
Which statement is prepared under single entry system to ascertain profit?
Appears in 2 question papers
Chapter: [6] Single Entry System
Concept: Preparation of Statements for Single Entry System

What are Noting Charges?

Appears in 2 question papers
Chapter: [7] Bill of Exchange (Only Trade Bill)
Concept: Basic Term of Bills of Exchange - Noting Charges

The inland bill which is drawn in and payable in the same country.

Appears in 2 question papers
Chapter: [7] Bill of Exchange (Only Trade Bill)
Concept: Important Terms of Bills of Exchange - Term of Bill

The debenture holder is owner of the company.

Appears in 2 question papers
Chapter: [8] Company Accounts
Concept: Meaning and Concept of Debentures

When shares are forfeited, share capital account is _____________.

a. debited

b. credited

c. adjusted

d. none of the above
Appears in 2 question papers
Chapter: [8] Company Accounts
Concept: Accounting Treatment of Forfeiture and Re-issue of Share

Capital balance is ascertained by preparing....................................

  1. Statement of affairs
  2. Cash account
  3. Drawing account
  4. Debtor’s account
Appears in 2 question papers
Chapter: [9] Analysis of Financial Statements
Concept: Concept of Financial Statement Analysis

What is ‘liability of partners’ ?

Appears in 1 question paper
Chapter: [1] Introduction to Partnership
Concept: The Indian Partnership Act 1932

The assets which are not recorded in the books of accounts.

Appears in 1 question paper
Chapter: [1] Introduction to Partnership
Concept: Meaning and Definitions of Partnership and Partnership Deed

What do you mean by Capital Fund ?

Appears in 1 question paper
Chapter: [1] Introduction to Partnership
Concept: Methods of Capital Accounts - Fixed and Fluctuating Capital Method

Match the following pairs:

Group ‘A’ Group ‘B’
(a) Partnership Deed (1) Central Processing Unit
(b) Excess of assets over liabilities (2) Purchase price plus installation charges
(c) CPU (3) Written agreement
(d) Co-venturer (4) Purchase price less Scrap Value
(e) Cost of fixed assets (5) Capital
    (6) Partner in joint venture
    (7) Oral agreement
    (8) Liabilities
Appears in 1 question paper
Chapter: [1] Introduction to Partnership
Concept: Meaning and Definitions of Partnership and Partnership Deed
What is partnership deed?
Appears in 1 question paper
Chapter: [1] Introduction to Partnership
Concept: Meaning and Definitions of Partnership and Partnership Deed

What is the relationship between co-venturers?

Appears in 1 question paper
Chapter: [1] Introduction to Partnership
Concept: Meaning and Definitions of Partnership and Partnership Deed

The account in which banking transactions of joint venture are recorded.

Appears in 1 question paper
Chapter: [1] Introduction to Partnership
Concept: Meaning and Definitions of Partnership and Partnership Deed
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