Scribd
Upload
92 views3 pages

Most Repeated Questions Class 12 Accountancy

Uploaded by

dhruvbahri4
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
92 views3 pages

Most Repeated Questions Class 12 Accountancy

Uploaded by

dhruvbahri4
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Most Repeated Questions in Class 12 Accountancy

1. Accounting for Partnership Firms

Admission of a Partner

Retirement/Death of a Partner

Dissolution of a Partnership Firm

Questions:

1. Calculate the amount due to the retiring partner based on given revaluation accounts and

goodwill adjustments.

2. Journal entries for the admission of a new partner with adjustments in goodwill and capital.

3. Prepare a Revaluation Account, Partner's Capital Account, and Balance Sheet

post-admission/retirement.

4. Calculation of profit-sharing ratio on admission or retirement of a partner.

2. Accounting for Companies

Issue of Shares

Issue and Redemption of Debentures

Questions:

1. Journal entries for the issue of shares at premium and discount.

2. Forfeiture and reissue of shares (partially or fully paid-up).

3. Journal entries for the redemption of debentures (lump-sum or installment method).

4. Calculation of interest on debentures.

3. Financial Statement Analysis

Comparative and Common-Size Statements

Ratio Analysis
Questions:

1. Prepare a comparative income statement or balance sheet with given data.

2. Calculate liquidity ratios (e.g., current ratio, quick ratio) from provided data.

3. Calculate profitability ratios such as gross profit ratio, operating profit ratio, or net profit ratio.

4. Analyze the financial performance of a company based on the given ratios.

4. Cash Flow Statement

Operating, Investing, and Financing Activities

Questions:

1. Prepare a cash flow statement based on the indirect method.

2. Classification of activities into operating, investing, or financing.

3. Calculation of cash flow from financing or investing activities.

5. Accounting for Not-for-Profit Organizations

Receipts and Payments Account

Income and Expenditure Account

Questions:

1. Prepare an Income and Expenditure Account and Balance Sheet from the Receipts and

Payments Account.

2. Adjustments for subscriptions, donations, or outstanding expenses.

3. Calculation of capital fund or surplus/deficit.

6. Partnership Dissolution

Settlement of Accounts

Realization Account

Questions:

1. Prepare a Realization Account, Capital Accounts, and Bank Account.


2. Calculation of gain or loss on realization.

7. Practical Questions on Journal Entries

Basics of Journal Entries

Questions:

1. Journalize transactions for the adjustment of outstanding expenses, accrued incomes, and

prepaid expenses.

2. Adjustments related to bad debts and provision for doubtful debts.

You might also like