Category: NCERT Solutions for Class 12 Accountancy

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NCERT Solutions for Class 12 Accountancy Part II Chapter 6 Cash Flow Statement

NCERT Solutions for Class 12 Accountancy Part II Chapter 6 Cash Flow Statement   TEST YOUR UNDERSTANDING I DO IT YOUR SELF I Question 1. The profit and loss account of Roy Limited is given here under Question 2. From the following information calculate net cash from operations TEST YOUR UNDERSTANDING II Question 1. Choose…
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NCERT Solutions for Class 12 Accountancy Part II Chapter 5 Accounting Ratios

NCERT Solutions for Class 12 Accountancy Part II Chapter 5 Accounting Ratios   TEST YOUR UNDERSTANDING I • State which of the following statements are True or False. (a) The only purpose of financial reporting is to keep the managers informed about the progress of operations. Answer False (b) Analyses of data provided in the…
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NCERT Solutions for Class 12 Accountancy Part II Chapter 4 Analysis of Financial Statements

NCERT Solutions for Class 12 Accountancy Part II Chapter 4 Analysis of Financial Statements   TEST YOUR UNDERSTANDING I • Fill in the blanks with appropriate word(s). Question 1. Analysis simply means———data. Answer Simplification . Question 2. Interpretation means————-data. Answer Explaining Question 3. Comparative analysis is also known as—————Analysis. Answer Horizontal Question 4. Common size…
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NCERT Solutions for Class 12 Accountancy Part II Chapter 3 Financial Statements of a Company

NCERT Solutions for Class 12 Accountancy Part II Chapter 3 Financial Statements of a Company   TEST YOUR UNDERSTANDING I • State whether the following statements are true or false. (a) Financial statements are the end products of accounting process. Answer True (b) Financial statements are primarily directed towards the needs of owners. Answer True…
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NCERT Solutions for Class 12 Accountancy Part II Chapter 2 Issue and Redemption of Debentures

NCERT Solutions for Class 12 Accountancy Part II Chapter 2 Issue and Redemption of Debentures   DO IT YOURSELF I 1. Amrit Company Limited purchased assets of the book value of Rs.2,20,000 fromanother company and agreed to make the payment of purchase consideration by issuing 2,000, 10% debentures of Rs.100 each at a premium of…
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NCERT Solutions for Class 12 Accountancy Part II Chapter 1 Accounting for Share Capital

NCERT Solutions for Class 12 Accountancy Part II Chapter 1 Accounting for Share Capital   Test Your Understanding I • State which of the following statements are true (a) A company is formed according to the provisions of Indian Companies Act, 1932. Answer False (b) A company is an artificial person. Answer True (c)Shareholders of…
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NCERT Solutions for Class 12 Accountancy Chapter 5 Dissolution of Partnership Firm

NCERT Solutions for Class 12 Accountancy Chapter 5 Dissolution of Partnership Firm   TEST YOUR UNDERSTANDING -I Question 1. Dissolution of a partnership is different from dissolution of a firm. Answer True In dissolution of partnership, business continues whereas in dissolution of firm, the business is closed. Question 2. A partnership is dissolved when there…
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NCERT Solutions for Class 12 Accountancy Chapter 4 Reconstitution of a Partnership Firm – Retirement/Death of a Partner

NCERT Solutions for Class 12 Accountancy Chapter 4 Reconstitution of a Partnership Firm – Retirement/Death of a Partner   DO IT YOURSELF Question 1. Anita, Jaya and Nisha are partners sharing profits and losses in the ratio of 1:1:1 Jaya retires from the firm. Anita and Nisha decided to share the profit in future in…
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NCERT Solutions for Class 12 Accountancy Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner

NCERT Solutions for Class 12 Accountancy Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner   NUMERICAL PROBLEMS 10.Singh, Gupta and Khan are partners in a firm sharing profits in 3:2:3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain: Gupta surrendered 1/4…
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NCERT Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership : Basic Concepts

NCERT Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership: Basic Concepts   TEST YOUR UNDERSTANDING – I 1. Mohan and Shyam are partners in a firm. State whether the claim is valid if the partnership agreement is silent in the following matters: (i) Mohan is an active partner. He wants a salary of…
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