Financial Statements Analysis Important Questions for CBSE Class 12 Accountancy Introduction to Financial Statement Analysis 1.Financial Statement Analysis It is the systematic numerical representation of the relationship of one financial fact with the other to measure the profitability, operational efficiency, solvency and the growth potential of the business. 2.Types of … [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...]
Important Questions for CBSE Class 12 Accountancy Accounting Treatment of Issue Shares
Accounting for share capital Important Questions for CBSE Class 12 Accountancy Accounting Treatment of Issue Shares 1.Terms of Issue of Shares (i) Issue of shares at par When shares are issued at their face value, the shares are said to have been issued at par. i.e. issue price and face value are same. (ii) Issue of shares at premium When shares are issued at a value that is … [Read more...]
Important Questions for CBSE Class 12 Accountancy Redemption of Debentures
Issue and Redemption of Debentures Important Questions for CBSE Class 12 Accountancy Redemption of Debentures 1.Redemption of Debentures Redemption of debentures means discharging the liability on account of debentures in accordance with the terms and conditions. 2.Methods of Redemption of Debentures (i) Redemption of debentures in lump sum on maturity. (ii) Redemption … [Read more...]
Important Questions for CBSE Class 12 Accountancy Cash Flow Statement
Important Questions for CBSE Class 12 Accountancy Cash Flow Statement 1.Cash Flow Statement Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. The Revised Accounting Standard-3 has made it mandatory for all listed companies to prepare and present a cash … [Read more...]