Issue and Redemption of Debentures Important Questions for CBSE Class 12 Accountancy Introduction,Issue of Debentures and various cases from the point of view of Redemption 1.Meaning of Debenture It means a document of companies indebtedness issued under the seal of the company and containing a contract for the repayment of the principal sum at a specified date with interest … [Read more...]
Important Questions for CBSE Class 12 Accountancy Introduction
Accounting Ratios Important Questions for CBSE Class 12 Accountancy Introduction 1.Ratio It is an arithmetical expression of relationship between two related or interdependent items. 2.Accounting Ratios It is a mathematical expression that shows the relationship between various items or groups of items shown in financial statements. When ratios are calculated on the basis … [Read more...]
Important Questions for CBSE Class 12 Accountancy Introduction
Accounting for share capital Important Questions for CBSE Class 12 Accountancy Introduction 1.Company A joint stock company is an artificial person, created by law, having separate entity distinct from its members with a perpetual succession and a common seal. 2.Characteristics or Features of a Company (i)Artificial person (ii) Voluntary association (iii) Created by law … [Read more...]