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12th Standard English Medium Accountancy Subject Creative 3 Mark Questions with Solution Part - II

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. Which values are affected, when accounts are maintained on single entry system basis.

  2. Youth of India sports club decided to donate Rs. 50,000 and spread awareness among the people of nearby societies about cleanliness in the country under the programme "Bharat Abhiyan". Identify the values highlighted.

  3. What is Fluctuating capital method?

  4. The firm of A and B earned a profit of Rs.2,75,000 during the year ending on 31st March, 2015. They have decided to donate 10% of this profit to an NGO working for senior citizens. Pass necessary journal entry for the distribution of profits. Identify the values shown by the firm in donating a part of profit of NGO.

  5. Explain the classification of goodwill.

  6. Write a short note on
    (i) Rights issue
    (ii) Bonus issue

  7. Write a short note on
    a) Comparative statement
    b) Common-size statement

  8. Write a note on
    i) Horizontal analysis
    ii) Vertical analysis

  9. Write a short note on
    (i) Gross profit ratio
    (ii) Net profit ratio

  10. Sai Ltd had a current ratio of 3.5:1 and quick ratio of 2:1. If the excess of current assets over quick assets as represented by inventory is Rs.1,50,000. calculate current assets and current liabilities. Which value can be associated with the business having such current ratio and quick ratio?

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