Class 12th Accountancy 2017 Set2 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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?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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Reproduce the format of Realisation Account.
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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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What are the features of Receipt and Payment Account?
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Why is Profit and Loss Adjustment Account prepared? Explain.
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Write the various matters that need adjustments at the time of retirement of partner/partners.
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State the difference between dissolution of partnership and dissolution of partnership firm.
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What is Capital Fund? How is it calculated?
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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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State the accounting treatment at the time of dissolution of a firm for:
i. Unrecorded assets ii. Unrecorded liabilities - Q:-
In the absence of Partnership deed, specify the rules relating to the following :
(i) Sharing of profits and losses.
(ii) Interest on partner’s capital.
(iii) Interest on Partner’s drawings.
(iv) Interest on Partner’s loan
(v) Salary to a partner.