NCERT Solutions for Class 12 Accountancy Part II Chapter 1 Accounting for Share Capital NCERT Solutions CBSE Sample Papers AccountancyClass 12 Accountancy Test Your Understanding I • State which of the following statements are true (a) A company is formed according to the provisions of Indian Companies Act, 1932. Answer False (b) A company is an artificial person. Answer … [Read more...]
NCERT Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership : Basic Concepts
NCERT Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership : Basic Concepts TEST YOUR UNDERSTANDING - I 1. Mohan and Shyam are partners in a firm. State whether the claim is valid if the partnership agreement is silent in the following matters: (i) Mohan is an active partner. He wants a salary of Rs. 10,000 per year; Answer Invalid I In the absence … [Read more...]
NCERT Solutions for Class 12 Accountancy Part II Chapter 4 Analysis of Financial Statements
NCERT Solutions for Class 12 Accountancy Part II Chapter 4 Analysis of Financial Statements NCERT Solutions CBSE Sample Papers AccountancyClass 12 Accountancy TEST YOUR UNDERSTANDING I • Fill in the blanks with appropriate word(s). Question 1. Analysis simply means---------data. Answer Simplification . Question 2. Interpretation means-------------data. Answer … [Read more...]
NCERT Solutions for Class 12 Accountancy Part II Chapter 3 Financial Statements of a Company
NCERT Solutions for Class 12 Accountancy Part II Chapter 3 Financial Statements of a Company NCERT Solutions CBSE Sample Papers AccountancyClass 12 Accountancy TEST YOUR UNDERSTANDING I • State whether the following statements are true or false. (a) Financial statements are the end products of accounting process. Answer True (b) Financial statements are primarily directed … [Read more...]
NCERT Solutions for Class 12 Accountancy Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner
NCERT Solutions for Class 12 Accountancy Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner NUMERICAL PROBLEMS 10.Singh, Gupta and Khan are partners in a firm sharing profits in 3:2:3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain: Gupta surrendered 1/4 of his share in favour of Jain and Khan surrendered … [Read more...]