Class 12th Accountancy 2017 Set3 Delhi Board Paper Solution
Name the table which is an interactive way to quickly summarize large amounts of data. State its any five advantages
The table which is an interactive way to quickly summarize large amounts of data is Pivot table
Advantages of Pivot Table are:
i. User friendly
ii. Focus on results
iii. Multiple summarisation of data
iv. Filtering, sorting, grouping etc. Makes it possible to focus on information.
v Presenting concise, attractive and annotated online or printed reports.
vi Analysis of related tables is facilitated (with suitable explanation)
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?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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If some goodwill already exists in the books and the new partner brings in his share of goodwill in cash, how will you deal with existing amount of goodwill?
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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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(i) Mohan is an active partner. He wants a salary of Rs. 10,000 per year;
(ii) Shyam had advanced a loan to the firm. He claims interest @ 10% per annum;
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