Class 12 Accountancy Chapter : - NCERT Solutions
Welcome to the complete NCERT solutions for Class 12 Accountancy Chapter : . In this section, we provide detailed, easy-to-understand solutions for all the questions from this chapter. Whether you're preparing for exams or seeking a deeper understanding of the subject, these question answers will offer you valuable insights and explanations. Each solution is crafted to ensure conceptual clarity and step-by-step problem-solving methods, enabling students to grasp the core themes and excel in their academics.
Key Features of NCERT Class 12 Accountancy Chapter '' question answers :
- All chapter question answers with detailed explanations.
- Simple language for easy comprehension.
- Aligned with the latest NCERT guidelines.
- Perfect for exam preparation and revision.
Popular Questions of Class 12 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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?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 12 Accountancy
- Q:-
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:-
On what occasions sacrificing ratio is used?
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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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Identify various matters that need adjustments at the time of admission of a new partner.
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State the difference between dissolution of partnership and dissolution of partnership firm.
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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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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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State the accounting treatment at the time of dissolution of a firm for:
i. Unrecorded assets ii. Unrecorded liabilities - Q:-
What is Capital Fund? How is it calculated?
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State the meaning of Receipt and Payment Account.
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