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12th Standard English Medium Accountancy Subject Creative 3 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. Radhika started a small bakery for providing healthy and good quality bakery product at reasonable prices on 1st January, 2019 with a capital of Rs. 1,80,000. She appointed a ten year old boy as a sweeper. She withdrew Rs. 60,000 for household expenses. She introduced Rs. 20,000as fresh capital. Her position of assets and liabilities as at 31st December, 2019 stood as follows.

      Rs.
    Cash in hand 70,000
    Stock 80,000
    Bills receivable 1,00,000
    Debtors 1,50,000
    Creditors 60,000
    Bills payable 10,000
  2. Yuvan foundation is formed to educate and to provide jobs to unemployed women. Identify the values involved.

  3. Explain the procedure for preparation of final accounts of a partnership firm.

  4. What is the need for valuation of goodwill?

  5. Explains the divisions of share capital.

  6. Write a short note on
    (i) Public issue
    (ii) Private placement

  7. What are the significance of financial statements?

  8. What are the objectives of financial statement analysis?

  9. What is functional classifications of rational analysis? and types of functional classification.

  10. Write a note an Long-term solvency ratios.

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