Class 12th Accountancy 2017 Set1 Delhi Board Paper Solution
Name and explain the type of software which meets the requirements of large business organizations with multi-users and scattered locations.
Name of the software is “Tailored Accounting Software”
As they are designed to meet the requirements of large business organisations with multi users who are scattered on different geographical locations. They require special training to run and use. They are important part of the organisational MIS.
The secrecy and authenticity checks are robust in such software and they provide high flexibility in terms of number of users as well.
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?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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What are the features of Receipt and Payment Account?
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On what occasions sacrificing ratio is used?
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Rani and Suman are in partnership with fixed capitals of Rs, 80,000 and Rs.60,000, respectively. During the year 2015-16, Rani withdrew Rs. 10,000 from her capital and Suman Rs. 15,000. Profits before charging interest on capital was Rs. 50,000. Rani and Suman shared profits in the ratio of 3:2. Calculate the amounts of interest on their capitals @ 12% p.a. for the year ended March 31, 2016.
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Give two circumstances under which the fixed capitals of partners may change.
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Discuss the main provisions of the Indian Partnership Act 1932 that are relevant to partnership accounts if there is no partnership deed.
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State the accounting treatment at the time of dissolution of a firm for:
i. Unrecorded assets ii. Unrecorded liabilities - Q:-
What is sacrificing ratio? Why is it calculated?
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What is subscription? How is it calculated?
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Reproduce the format of Realisation Account.
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State the meaning of ‘Not- for- Profit’ Organisations.