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Q) Revenue from Operations less cost of Revenue from Operations is called :

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More questions from 12th Class Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts

Q. A shareholder holding 600 shares paid the amount of call @ ₹5 per share on 1st November 2018 whereas the call was due on 1st March 2019. Interest on calls in advance as per Table F will be :

Q. Cash flow statement is prepared for financial planning of

Q. There was an Unrecorded asset of ?2,000 which was taken over by a partner at ? 1,500. Partner’s Capital Account will be debited by

Q. A, B and C are equal partners. C retires. He surrenders 3/5th of his share in favour of A and 2/5 th in favour of B. New ratio will be :

Q. Which objective is not fulfilled by comparative Statement of Profit & Loss :

Q. Vikas is a partner in a firm. His drawings during the year ended 31st March, 2019 were ?72,000. If interest on drawings is charged @ 9% p.a. the interest charged will be :

Q. Realisation A/c is a :

Q. On dissolution of a firm, its Balance Sheet revealed total creditors ₹50,000; Total Capital ₹48,000; Cash Balance ₹3,000. Its assets were realised at 12% less. Loss on realisation will be :

Q. Sacrificing ratio is used to distribute in case of admisstion of a partner :

Q. X, Y and Z are partners sharing profits in the ratio of 2 : 3 : 5. Goodwill already appearing in their books at a value of ₹60,000. X retires and Yand decided to share future profits equally. Journal entry w ill be :

Subjects (12th Class)

Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts

Biology

Business Studies

Chemistry

Economics - Indian Economic Development

Economics - Macroeconomics (Introductory Macroeconomics)

English - Flamingo Poems

English - Flamingo Prose

English - Vistas

Geography

Geography - India People and Economy

History

Physics

Political Science - Contemporary World Politics

Political Science - Politics in India Since Independence

Chapters (Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts)

Accounting for Partnership Firms — Fundamentals

Change in Profit Sharing Ratio among the Existing Partners

Admission of a Partner

Retirement or Death of a Partner

Dissolution of a Partnership Firm

Financial Statements of Not-for-Profit Organisations (N.P.O.)

Issue of Shares

Issue of Debentures

Redemption of Debentures

Financial Statements of Companies

Financial Statements Analysis

Comparative Statements

Common Size Statements

Accounting Ratios

Cash Flow Statement