Class 12th Accountancy 2017 Set3 Delhi Board Paper Solution
Name the table which is an interactive way to quickly summarize large amounts of data. State its any five advantages
The table which is an interactive way to quickly summarize large amounts of data is Pivot table
Advantages of Pivot Table are:
i. User friendly
ii. Focus on results
iii. Multiple summarisation of data
iv. Filtering, sorting, grouping etc. Makes it possible to focus on information.
v Presenting concise, attractive and annotated online or printed reports.
vi Analysis of related tables is facilitated (with suitable explanation)
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?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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State whether the following statements are true or false:
(i) Valid partnership can be formulated even without a written agreement between the partners;
(ii) Each partner carrying on the business is the principal as well as the agent for all the other partners;
(iii) Maximum number of partners can be 50;
(iv) Methods of settlement of dispute among the partners can’t be part of the partnership deed;
(v) If the deed is silent, interest at the rate of 6% p.a. would be charged on the drawings made by the partner;
(vi) Interest on partner’s loan is to be given @ 12% p.a. if the deed is silent about the rate. - Q:-
How deficiency of crditors is paid off at the time of dissolution of firm.
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On dissolution, how will you deal with partner’s loan if it appears on the
(a) assets side of the balance sheet, (b) liabilities side of balance sheet. - Q:-
On what account realisation account differs from revaluation account.
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Define Partnership Deed.
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What is meant by partnership? Explain its chief characteristics? Explain.
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Why it is necessary to ascertain new profit sharing ratio even for old partners when a new partner is admitted?
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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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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:-
What is a Realisation Account?