What is meant by a “Form” ? How ‘Split Form’ is different from ‘Simple Form’ ?
Form: Access provides a user friendly interface, which allows users to enter information in a graphical way. It is known as ‘Form’. This information transparently passes to the underlying database.
Split Form: This presentation shows underlying database in one half of the section and form in other half for entering information in the record selected in the datasheet.
The two views in the form are synchronized so that scrolling in one view causes scrolling of the other view to same location of the record.
What is Capital Fund? How is it calculated?
What is sacrificing ratio? Why is it calculated?
If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?
Why there is need for the revaluation of assets and liabilities on the admission of a partner?
What is subscription? How is it calculated?
List the items which may be debited or credited in capital accounts of the partners when:
(i) Capitals are fixed.
(ii) Capital are fluctuating.
Why is Profit and Loss Adjustment Account prepared? Explain.
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?
Why it is considered desirable to make the partnership agreement in writing.
On what occasions sacrificing ratio is used?
What is Capital Fund? How is it calculated?
What steps are taken to prepare Income and Expenditure Account from a Receipt and Payment Account?
Identify various matters that need adjustments at the time of admission of a new partner.
State the difference between dissolution of partnership and dissolution of partnership firm.
State the meaning of Receipt and Payment Account.
On what occasions sacrificing ratio is used?
What are the different ways in which a partner can retire from the firm?
Why is Profit and Loss Adjustment Account prepared? Explain.
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.
Why there is need for the revaluation of assets and liabilities on the admission of a partner?