Class 12th Accountancy 2017 Set1 Delhi Board Paper Solution
Explain the following formatting tools with example :
(i) Number formatting
(ii) Currency
(iii) Percentage
(iv) Dates
(i) Number Formatting: This feature allows you to format a cell or range based on certain criteria. It changes the appearance of data and makes it easier to read and understand important numeric information.
(ii) Currency: Excel is equipped to incorporate various currency signs in pictorial form for dollar it uses $ similarly for other currencies also. If the user instructs the use of the format it will assign a currency format along with entry.
(iii) Percentage: If we enter a value representing a percentage as a whole number followed by the percentage sign without any decimal places, Excel assigns to the cell the percentage format that follows the pattern along with the entry.
(iv) Dates: If we enter a date (dates are values, too) that follows one of the built in excel formats, such as 11-12-2017 or 11-Dec-2017 the program assigns a date format that follows the pattern of the date.
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Why it is considered desirable to make the partnership agreement in writing.
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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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