State any one limitation of Analysis of Financial Statement.
Concept: Concept of Financial Statement Analysis
State any one limitation of Analysis of Financial Statement.
Concept: Concept of Financial Statement Analysis
what is trial balance ?
Concept: Meaning and Definitions of Partnership and Partnership Deed
Concept: Adjustments - Unrecorded Purchases and Sales
Closing stock is always valued at market price.
Concept: Effects of Adjustments-Closing Stock
What do you mean by 'sacrifice ratio'?
Concept: Admission of a Partner - Sacrifice Ratio and New Ratio
Give word / term or phrase for the following statement.
Excess of income over expenditure of a ‘not for profit’ concern.
Concept: Not for Profit Concerns
Concept: Preparation of Income and Expenditure Account and Closing Balance Sheet
Following is the Receipts and Payments Account of Chamber of Commerce, Amaravati for the year ending 31st March 2012 and some additional information.
| Receipts and Payments Account For the year ended March 31, 2012 | |||
| Receipts | Amount | Payment | Amount |
| To balance b/d (Cash at bank) | 11,960 | By Printing and Stationery | 6,950 |
| To Subscription (Including Rs. 2,500 for 2010–11) | 36,500 | By Repairs | 2,100 |
| To Sale of furniture (Books value Rs. 18,000) | 12,000 | By Rent | 8,500 |
| To Donation for building fund | 27,000 | By Books | 20,000 |
| To Admission fees (Revenue) | 5,050 | By Travelling expenses | 2,000 |
| By Investments | 40,000 | ||
| By Insurance | 1,700 | ||
| By Balance c/d (Cash at bank) | 11,260 | ||
| 92,510 | 92,510 | ||
| Particulars | 1.04.2011 | 31.03.2012 |
| Outstanding Subscription |
3,000 | 5,000 |
| Furniture | 32,000 | 12,600 |
| Building Fund | 1,45,000 | |
| Capital Fund | 1,51,960 | |
| Investment | 2,50,000 |
Prepare Income and Expenditure A/c for the year ended 31st March, 2012 and Balance Sheet as on that date.
Concept: Preparation of Income and Expenditure Account and Closing Balance Sheet
Concept: Preparation of Statements for Single Entry System
Answer in one sentence only.
What is statement of affairs?
Concept: Preparation of Statements for Single Entry System
Answer the following question in one sentence only.
What are Noting Charges?
Concept: Basic Term of Bills of Exchange - Noting Charges
The inland bill which is drawn in and payable in the same country.
Concept: Important Terms of Bills of Exchange - Term of Bill
A bill can’t be deposited into a bank for collection.
Concept: Accounting Treatment of Bill - Sending the Bill to the Bank for Collection, Honour Or Dishonour and Insolvency
State whether the following statement is True or False.
A bill of exchange can be endorsed only once.
Concept: Accounting Treatment - Endorsement of the Bill, Honour/ Dishonour and Also Insolvency of Acceptor
Answer in one sentence only.
Who is a Drawer?
Concept: Accounting Treatment of Bill by the Drawer Or Holder and Drawee
Write True or False
Noting charges are payable to the Notary public on honour of a bill.
Concept: Basic Term of Bills of Exchange - Noting Charges
The debenture holder is owner of the company.
Concept: Meaning and Concept of Debentures
Select the appropriate answer from the alternative given below and rewrite the sentence.
When shares are forfeited, share capital account is _____________.
Concept: Accounting Treatment of Forfeiture and Re-issue of Share
Write a word / term / phrase as a substitute of the following statement.
The acknowledgement of debt under common seal of company.
Concept: Meaning and Concept of Debentures
12th Board Exam Book Keeping and Accountancy can be very challenging and complicated. But with the right ideas and support, you will be able to make it work. That’s why we have the 12th board exam Book Keeping and Accountancy important questions with answers pdf ready for you. All you need is to acquire the PDF with all the content and then start preparing for the exam. It really helps and it can bring in front an amazing experience every time if you're tackling it at the highest possible level.
Book Keeping and Accountancy exams made easy
We make sure that you have access to the important questions for 12th Board Exam Book Keeping and Accountancy H.S.C Maharashtra State Board. This way you can be fully prepared for any specific question without a problem. There are a plethora of different questions that you need to prepare. And that's why we are covering the most important ones. They are the questions that will end up being more and more interesting and the results themselves can be staggering every time thanks to that. The quality itself will be quite amazing every time, and you can check the important questions for 12th Board Exam Book Keeping and Accountancy Maharashtra State Board whenever you see fit.
The important questions for 12th Board Exam Book Keeping and Accountancy 2021 we provide on this page are very accurate and to the point. You will have all the information already prepared and that will make it a lot simpler to ace the exam. Plus, you get to browse through these important questions for 12th Board Exam Book Keeping and Accountancy 2021 H.S.C and really see what works, what you need to adapt or adjust and what still needs some adjustment in the long run. It's all a matter of figuring out these things and once you do that it will be a very good experience.
All you have to do is to browse the important questions for upcoming Maharashtra State Board 12th Board Exam 2021 on our website. Once you do, you will know what needs to be handled, what approach works for you and what you need to do better. That will certainly be an incredible approach and the results themselves can be nothing short of staggering every time. We encourage you to browse all these amazing questions and solutions multiple times and master them. Once you do that the best way you can, you will have a much higher chance of passing the exam, and that's what really matters the most!
