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 Dissolution of Partnership
Important Questions for CBSE Class 12 Accountancy Dissolution of Partnership 1.Dissolution Dissolution means discontinuance of existing relationship among the partners. According to Indian Partnership Act, 1932, dissolution may be either of partnership or of a firm. 2.Dissolution of Partnership It changes the existing relationship between partners but the firm may continue … [Read more...]
Important Questions for CBSE Class 12 Accountancy Classification of Accounting Ratios
Accounting Ratios Important Questions for CBSE Class 12 Accountancy Classification of Accounting Ratios Classification of Accounting Ratios In view of the requirements of various users, the accounting ratios may be classified as under 1.Liquidity Ratios Liquidity ratios measure the firm’s ability to fulfil its short-term financial obligations. (i)Current ratio/Working … [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 Tools of Financial Statements Analysis
Financial Statements Analysis Important Questions for CBSE Class 12 Accountancy Tools of Financial Statements Analysis Tools of Financial Statements Analysis There are different tools of financial statements analysis available to the analyst. The following tools are used to measure the operational efficiency and financial soundness of an enterprise. The most common used … [Read more...]