HSC Commerce 12th Board ExamMaharashtra State Board
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Micheal Vaz Solutions for 12th Board Exam Accounts

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Solutions for Micheal Vaz Class 12 Accounts - Book Keeping and Accountancy

Shaalaa provides Micheal Vaz Solutions for 12th Board Exam Accounts and has all the answers for the questions given in Micheal Vaz Class 12 Accounts - Book Keeping and Accountancy. Shaalaa is surely a site that most of your classmates are using to perform in exams.

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Micheal Vaz Solutions for 12th Board Exam Accounts

Micheal Vaz Class 12 Accounts - Book Keeping and Accountancy - Shaalaa.com

Chapters covered in Micheal Vaz Solutions for 12th Board Exam Accounts

Chapter 1: Introduction to Partnership

Shaalaa has a total of 57 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Introduction to Partnership are Meaning and Definitions of Partnership and Partnership Deed, Methods of Capital Accounts - Fixed and Fluctuating Capital Method, The Indian Partnership Act 1932

Chapter 2: Partnership Final Accounts

Shaalaa has a total of 69 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Partnership Final Accounts are Adjustments - Bills Payable Dishonoured, Adjustments - Bills Receivable Dishonoured, Adjustments - Capital Expenditure Included in Revenue Expenses and Vice-versa, Adjustments - Capital Receipts Included in Revenue Receipts and Vice-versa, Adjustments - Commission to Working Partner Managers on the Basis of Gross Profit Net Profit, Sales, Etc, Adjustments - Deferred Expenses, Adjustments - Goods Destroyed by Fire Or Accident (Insured Or Uninsured), Adjustments - Goods Stolen, Adjustments - Goods Withdrawn by Partners, Adjustments - Income Receivable, Adjustments - Interest on Capital, Drawings and Loans, Adjustments - Interest on Investment and Loans, Adjustments of Financial Statements - Goods Distributed as Free Samples and Manager's Commission, Adjustments - Unrecorded Purchases and Sales, Effects of Adjustments-Bad and Doubtful Debts, Effects of Adjustments-Closing Stock, Effects of Adjustments-Depreciation, Effects of Adjustments-Income Received in Advance, Effects of Adjustments-Outstanding Expenses, Effects of Adjustments-Prepaid Expenses, Effects of Adjustments-Provision for Discount on Debtors and Creditors, Introduction of Final Accounts, Partnership Final Accounts - Examples and Solutions, Preparation of Final Accounts

Chapter 3: Reconstitution of Partnership (Admission of Partner)

Shaalaa has a total of 52 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Reconstitution of Partnership (Admission of Partner) are Admission of a Partner, Admission of a Partner - Adjustment of Accumulated Profits and Losses, Admission of a Partner - Adjustment of Capitals, Admission of a Partner - Revaluation of Assets and Liabilities, Admission of a Partner - Sacrifice Ratio and New Ratio, Admission of a Partner - Treatment of Goodwill, Capital Brought by New Partner, Concept of Goodwill, Different Ways of Reconstitution, Meaning of Reconstitution, Meaning of Retirement Or Death of a Partner, Need of Admission of a Partner, Needs of Retirement Or Death of a Partner, Reconstitution of Partnership Examples and Solutions, Retirement Or Death of a Partner - Adjustment of Accumulated Profits and Losses, Retirement Or Death of a Partner - Adjustment of Capitals, Retirement Or Death of a Partner - Amount Due to Retiring Parter, Retirement Or Death of a Partner - Gain Ratio, Retirement Or Death of a Partner - New Ratio, Retirement Or Death of a Partner - Revaluation of Assets and Liabilities, Retirement Or Death of a Partner - Treatment of Goodwill

Chapter 4: Reconstitution of Partnership (Retirement of Partnership)

Shaalaa has a total of 29 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Reconstitution of Partnership (Retirement of Partnership) are Admission of a Partner, Admission of a Partner - Adjustment of Accumulated Profits and Losses, Admission of a Partner - Adjustment of Capitals, Admission of a Partner - Revaluation of Assets and Liabilities, Admission of a Partner - Sacrifice Ratio and New Ratio, Admission of a Partner - Treatment of Goodwill, Capital Brought by New Partner, Concept of Goodwill, Different Ways of Reconstitution, Meaning of Reconstitution, Meaning of Retirement Or Death of a Partner, Need of Admission of a Partner, Needs of Retirement Or Death of a Partner, Reconstitution of Partnership Examples and Solutions, Retirement Or Death of a Partner - Adjustment of Accumulated Profits and Losses, Retirement Or Death of a Partner - Adjustment of Capitals, Retirement Or Death of a Partner - Amount Due to Retiring Parter, Retirement Or Death of a Partner - Gain Ratio, Retirement Or Death of a Partner - New Ratio, Retirement Or Death of a Partner - Revaluation of Assets and Liabilities, Retirement Or Death of a Partner - Treatment of Goodwill

Chapter 5: Reconstitution of Partnership (Death of Partner)

Shaalaa has a total of 34 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Reconstitution of Partnership (Death of Partner) are Admission of a Partner, Admission of a Partner - Adjustment of Accumulated Profits and Losses, Admission of a Partner - Adjustment of Capitals, Admission of a Partner - Revaluation of Assets and Liabilities, Admission of a Partner - Sacrifice Ratio and New Ratio, Admission of a Partner - Treatment of Goodwill, Capital Brought by New Partner, Concept of Goodwill, Different Ways of Reconstitution, Meaning of Reconstitution, Meaning of Retirement Or Death of a Partner, Need of Admission of a Partner, Needs of Retirement Or Death of a Partner, Reconstitution of Partnership Examples and Solutions, Retirement Or Death of a Partner - Adjustment of Accumulated Profits and Losses, Retirement Or Death of a Partner - Adjustment of Capitals, Retirement Or Death of a Partner - Amount Due to Retiring Parter, Retirement Or Death of a Partner - Gain Ratio, Retirement Or Death of a Partner - New Ratio, Retirement Or Death of a Partner - Revaluation of Assets and Liabilities, Retirement Or Death of a Partner - Treatment of Goodwill

Chapter 6: Dissolution of Partnership Firm

Shaalaa has a total of 51 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Dissolution of Partnership Firm are Dissolution of Partnership Firm

Chapter 7: Accounts of 'Not For Profit' Concerns

Shaalaa has a total of 53 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Accounts of 'Not For Profit' Concerns are Accounts of “Not for Profit” Concerns Examples and Solutions, Additional Information - Capitalisation of Entrance Fees, Additional Information - Creation of Special Funds Out of Donations, Additional Information - Opening Balances of Assets and Liabilities, Additional Information - Prepaid Expenses of the Current and Previous Year, Additional Information - Stock of Stationery, Additional Information - Subscription Outstanding of the Current and Previous Year, Additional Information - Subscription Received in Advance, Effects of Adjustments-Accrued Income, Effects of Adjustments-Depreciation, Effects of Adjustments-Income Received in Advance, Effects of Adjustments-Outstanding Expenses, Feature of Receipts and Payments Account, Features of "Not for Profit" Concerns., Meaning of Receipts and Payments Account, Not for Profit Concerns, Preparation of Income and Expenditure Account and Closing Balance Sheet

Chapter 8: Single entry System

Shaalaa has a total of 50 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Single entry System are Additional Information - Additional Capital, Additional Information - Depreciation on Fixed Asset, Additional Information - Overvaluation of Assets and Liabilities, Additional Information - Partners Salary, Additional Information - Undervaluation of Assets and Liabilities, Adjustments - Interest on Capital, Drawings and Loans, Effects of Adjustments-Bad and Doubtful Debts, Effects of Adjustments-Drawings, Effects of Adjustments-Outstanding Expenses, Effects of Adjustments-Prepaid Expenses, Illustrations of Single Entry System, Meaning of Single Entry, Preparation of Statements for Single Entry System, Single Entry Difference with Double Entry, Single Entry System Examples and Solutions

Chapter 9: Bill of Exchange (Trade Bill)

Shaalaa has a total of 65 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Bill of Exchange (Trade Bill) are Acceptance of Bill, Accounting Treatment - Discounting the Bill with the Bank Honour/Dishonour and Insolvency, Accounting Treatment - Endorsement of the Bill, Honour/ Dishonour and Also Insolvency of Acceptor, Accounting Treatment of Bill by the Drawer Or Holder and Drawee, Accounting Treatment of Bill - Honour Or Dishonour of New Bill, Accounting Treatment of Bill - Insolvency of the Acceptor and Settlement of His Account, Accounting Treatment of Bill - Journal Entries and Ledger, Accounting Treatment of Bill - Making Part Payment of Basic Amount, Interest and Noting Charges and Drawing of New Bill, Accounting Treatment of Bill - Retirement of Bill, Accounting Treatment of Bill - Sending the Bill to the Bank for Collection, Honour Or Dishonour and Insolvency, Accounting Treatment - Retaining the Bill Till Due Date. Honour Or Dishonour, Insolvency of the Drawee Or Acceptor, Basic Term of Bills of Exchange - Notary Public, Basic Term of Bills of Exchange - Noting Charges, Bill of Exchange Examples and Solutions, Dishonour of Bill, Draft Or Format of Bills, Honouring of Bill, Important Terms of Bills of Exchange - Date of Maturity, Important Terms of Bills of Exchange - Days of Grace, Important Terms of Bills of Exchange - Due Date, Important Terms of Bills of Exchange - Noting of Bill, Important Terms of Bills of Exchange - Term of Bill, Introduction of Bill of Exchange (Only Trade Bill), Necessity of Bill of Exchange (Only Trade Bill), Parties to the Bill of Exchange, Protesting of Bill

Chapter 10: Company Accounts Part - 1 (Accounting for Shares)

Shaalaa has a total of 62 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Company Accounts Part - 1 (Accounting for Shares) are Accounting for Share Capital, Accounting Treatment of Forfeiture and Re-issue of Share, Calls in Advance and Arrears, Disclosure of Share Capital in Company’S Balance Sheet (Horizontal Form), Interest on Debentures, Issue at Par and Premium and at Discount, Issue of Debentures at Par at Premium and at Discount, Issue of Debentures for Consideration Other than Cash, Issue of Shares for Consideration Other than Cash, Meaning and Concept of Debentures, Meaning of Share and Share Capital, Nature and Types of Share and Share Capital, Over Subscription of Shares, Private Placement of Shares, Public Subscription of Shares, Share Capital - Issue and Allotment of Equity Shares, Under Subscription of Shares

Chapter 11: Company Accounts Part - 2 (Accounting for Debentures)

Shaalaa has a total of 45 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Company Accounts Part - 2 (Accounting for Debentures) are Accounting for Share Capital, Accounting Treatment of Forfeiture and Re-issue of Share, Calls in Advance and Arrears, Disclosure of Share Capital in Company’S Balance Sheet (Horizontal Form), Interest on Debentures, Issue at Par and Premium and at Discount, Issue of Debentures at Par at Premium and at Discount, Issue of Debentures for Consideration Other than Cash, Issue of Shares for Consideration Other than Cash, Meaning and Concept of Debentures, Meaning of Share and Share Capital, Nature and Types of Share and Share Capital, Over Subscription of Shares, Private Placement of Shares, Public Subscription of Shares, Share Capital - Issue and Allotment of Equity Shares, Under Subscription of Shares

Chapter 12: Analysis of Financial Statements

Shaalaa has a total of 41 questions are solved for this Chapter in 12th Board Exam Accounts. Chapters covered in Analysis of Financial Statements are Cash Flow Analysis, Classification of Ratios, Common Size Statements, Comparative Statements, Concept of Accounting Ratios, Concept of Financial Statement Analysis, Introductions to Current Ratio, Introductions to Gross Profit Ratio, Introductions to Liquid Ratio, Operating Profit Ratio, Ratio Analysis and its Types, Return on Investment (ROI), ROCE

Micheal Vaz Solutions for 12th Board Exam Accounts

12th Board Exam Micheal Vaz solutions answers all the questions given in the Micheal Vaz textbooks in a step-by-step process. Our Maths tutors have helped us put together this for our 12th Board Exam Students. The solutions on Shaalaa will help you solve all the Micheal Vaz 12th Board Exam Book Keeping and Accountancy questions without any problems. Every chapter has been broken down systematically for the students, which gives fast learning and easy retention.

Shaalaa provides free Micheal Vaz solutions for 12th Board Exam Accounts. Shaalaa has carefully crafted Micheal Vaz solutions for 12th Board Exam Book Keeping and Accountancy that can help you understand the concepts and learn how to answer properly in your board exams. You can also share our link for free 12th Board Exam Book Keeping and Accountancy Micheal Vaz solutions with your classmates.

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