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)
Popular Questions of Class 12th accountancy
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What is Capital Fund? How is it calculated?
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What is sacrificing ratio? Why is it calculated?
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?
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Why there is need for the revaluation of assets and liabilities on the admission of a partner?
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What is subscription? How is it calculated?
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List the items which may be debited or credited in capital accounts of the partners when:
(i) Capitals are fixed.
(ii) Capital are fluctuating. - Q:-
Why is Profit and Loss Adjustment Account prepared? Explain.
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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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On what occasions sacrificing ratio is used?
Recently Viewed Questions of Class 12th accountancy
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Raju and Jai commenced business in partnership on April 1, 2017. No partnership agreement was made whether oral or written. They contributed Rs. 4,00,000 and Rs. 1,00,000 respectively as capitals. In addtion, Raju advanced Rs. 2,00,000 as loan to the firm on October 1, 2017. Raju met with an accident on July 1, 2017 and could not attend the business up to september 30, 2017. The profit for the year ended March 31, 2018 amounted to Rs, 50,600. Disputes have arisen between them on sharing the profits of the firm.
Raju Claims:
(i) He should be given interest at 10% p.a. on capital and so also on loan.
(ii) Profit should be distributed in the proportion of capitals.Jai Claims:
(i) Net profit should be shared equally.
(ii) He should be allowed remuneration of Rs, 1,000 p.a. during the period of Raju’s illness.
(iii) Interest on capital and loan should be given @ 6% p.a.
State the correct position on each issue as per the provisions of the Partnership Act. 1932. - Q:-
State the difference between dissolution of partnership and dissolution of partnership firm.
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What is a Realisation Account?
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Distinguish between firm’s debts and partner’s private debts.
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What is sacrificing ratio? Why is it calculated?
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Define Partnership Deed.
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What steps are taken to prepare Income and Expenditure Account from a Receipt and Payment Account?
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Why is Profit and Loss Adjustment Account prepared? Explain.
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How will you deal with a change in profit sharing ratio among existing partners? Take imaginary figures to illustrate your answer?
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State the meaning of Income and Expenditure Account.