NCERT Solutions for Class 12 Accountancy Chapter 5 Dissolution of Partnership Firm NCERT Solutions CBSE Sample Papers AccountancyClass 12 Accountancy TEST YOUR UNDERSTANDING -I Question 1. Dissolution of a partnership is different from dissolution of a firm. Answer True In dissolution of partnership, business continues whereas in dissolution of firm, the business is … [Read more...]
NCERT Solutions for Class 12 Accountancy Part II Chapter 5 Accounting Ratios
NCERT Solutions for Class 12 Accountancy Part II Chapter 5 Accounting Ratios NCERT Solutions CBSE Sample Papers AccountancyClass 12 Accountancy TEST YOUR UNDERSTANDING I • State which of the following statements are True or False. (a) The only purpose of financial reporting is to keep the managers informed about the progress of operations. Answer False (b) Analyses of … [Read more...]
NCERT Solutions for Class 12 Accountancy Part II Chapter 1 Accounting for Share Capital
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...]