Class 12th Accountancy 2017 Set3 Delhi Board Paper Solution
State any two advantages of preparing cash flow statement?
Advantages of Cash Flow Statements are:
(i) It facilitate in short term financial planning by providing information about sources and application of cash and cash equivalents for a specific period of time.
(ii) It helps in efficient Cash Management as it gives information relating to surplus and deficit of cash.
(iii) It helps in comparative study by giving data for comparison of actual cash flows with budgeted cash flows.
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?
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List the items which may be debited or credited in capital accounts of the partners when:
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Why it is considered desirable to make the partnership agreement in writing.
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Identify various matters that need adjustments at the time of admission of a new partner.
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Mohan and Shyam are partners in a firm. State whether the claim is valid if the partnership agreement is silent in the following matters:
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(ii) Shyam had advanced a loan to the firm. He claims interest @ 10% per annum;
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