Class 12th Accountancy 2017 Set3 Delhi Board Paper Solution
State any two advantages of preparing cash flow statement?
Advantages of Cash Flow Statements are:
(i) It facilitate in short term financial planning by providing information about sources and application of cash and cash equivalents for a specific period of time.
(ii) It helps in efficient Cash Management as it gives information relating to surplus and deficit of cash.
(iii) It helps in comparative study by giving data for comparison of actual cash flows with budgeted cash flows.
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?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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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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?
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State the difference between dissolution of partnership and dissolution of partnership firm.
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What are the different ways in which a partner can retire from the firm?
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How will you deal with a change in profit sharing ratio among existing partners? Take imaginary figures to illustrate your answer?
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Why is Profit and Loss Adjustment Account prepared? Explain.
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Explain why it is considered better to make a partnership agreement in writing.
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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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What is meant by partnership? Explain its chief characteristics? Explain.
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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.