Class 12 accountancy important questions

Important Accountancy Questions for CBSE Class 12 Students

Introduction: In CBSE Class 12 Accountancy, students need to prepare for both theoretical and practical exams. To help you excel in this subject, we have compiled a list of important questions that cover all the major topics in the syllabus. By answering these questions, you can test your understanding of the concepts and identify areas that need more attention.

Part 1: Theoretical Questions

1: Partnership and Company Accounts

• What is a partnership deed, and what are its contents?
• How is the profit-sharing ratio calculated in a partnership firm?
• Explain the concept of goodwill and how it is calculated.
• What is the difference between dissolution and winding up of a partnership firm?
• How is a company registered, and what are the documents required for registration?
• Explain the concept of share capital and the different types of shares.

2: Financial Statements Analysis

• What is the purpose of preparing financial statements?
• How is a balance sheet prepared, and what are its components?
• What is the difference between revenue and capital receipts?
• Explain the concept of cash flow statement and its importance.
• What are the different methods of analyzing financial statements?

Part 2: Practical Questions

1: Partnership Accounts

• Prepare a profit and loss appropriation account for a partnership firm.
• Calculate the value of goodwill based on the given information.
• Journalize the transactions for admission of a new partner.
• Calculate the amount of interest on drawings for a partner.

2: Company Accounts

• Prepare a balance sheet and profit and loss account for a company.
• Journalize the transactions related to issue and redemption of debentures.
• Calculate the amount of dividend to be paid to shareholders.
• Prepare a cash flow statement based on the given information.

Class 12 accountancy important questions

Conclusion: By practicing these important questions, you can enhance your understanding of the concepts and perform well in your CBSE Class 12 Accountancy exams. We hope that this article has been helpful to you, and we wish you all the best in your studies.

Class 12 accountancy important questions

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Class 12 accountancy important questions