NCERT Solutions for Class 12 Accountancy – Partnership Accounts – Chapter 4 – Dissolution of Partnership Firm

Short answers : Solutions of Questions on Page Number : 252 Q1 :  State the difference between dissolution of partnership and dissolution of partnership firm. Answer : Basis of Difference Dissolution of Partnership Dissolution of Partnership firm Meaning It means change in the partnership deed (or the agreement) among the partners. It means that the … Read more

NCERT Solutions for Class 12 Accountancy – Partnership Accounts – Chapter 2 – Reconstitution of a Partnership Firm – Admission of a Partner

Short answers numerical questions long answers : Solutions of Questions on Page Number : 167 Q1 : Identify various matters that need adjustments at the time of admission of a new partner. Answer :  The following are the various items that need to be adjusted at the time of admission of a new partner. 1. … Read more

NCERT Solutions for Class 12 Accountancy – Partnership Accounts – Chapter 1 – Accounting for Partnership : Basic Concepts

Short answers : Solutions of Questions on Page Number : 100 Q1 :Define Partnership Deed. Answer :  Partnership Deed is a written agreement among the partners of a partnership firm. It includes agreement on profit sharing ratio, salaries, commission of partners, interest provided on partner’s capital and drawings and interest on loan given or taken … Read more

NCERT Solutions for Class 12 Accountancy – Company Accounts and Analysis of Financial Statements Chapter 6 – Cash Flow Statement

Short answers : Solutions of Questions on Page Number : 285 Q1 :What is a Cash Flow Statement? Answer :  A Cash Flow Statement is a statement showing inflows and outflows of cash and cash equivalents from operating, investing and financing activities of a company during a particular period. It explains the reasons of receipts … Read more

NCERT Solutions for Class 12 Accountancy – Company Accounts and Analysis of Financial Statements Chapter 5 – Accounting Ratios

Short answers long answers : Solutions of Questions on Page Number : 272 Q1 :What do you mean by Ratio Analysis? Answer :  Ratio Analysis is a technique of financial analysis. It describes the relationship between various items of Balance Sheet and Income Statements. It helps us in ascertaining profitability, operational efficiency, solvency, etc. of … Read more

NCERT Solutions for Class 12 Accountancy – Company Accounts and Analysis of Financial Statements Chapter 4 – Analysis of Financial Statements

Short answers numerical questions long answers : Solutions of Questions on Page Number : 198 Q1 :List the techniques of Financial Statement Analysis. Answer : The following are the commonly used techniques of Financial Statement analysis : 1. Comparative Financial Statements 2. Common Size Financial Statements 3. Trend Analysis 4. Ratio Analysis 5. Cash Flow … Read more

NCERT Solutions for Class 12 Accountancy – Company Accounts and Analysis of Financial Statements Chapter 3 – Financial Statements of a Company

Short answers long answers : Solutions of Questions on Page Number : 172 Q1: State the meaning of financial statement analysis? Answer: A critical and thorough examination of the financial statements of a company in order to understand the data contained in it, is known as ‘Financial Statement Analysis‘. It helps in identifying and understanding … Read more

NCERT Solutions for Class 12 Accountancy – Company Accounts and Analysis of Financial Statements Chapter 1 – Accounting for Share Capital

Short answerslong answers : Solutions of Questions on Page Number : 65 Q1 :What is public company? Answer : A public company is defined as a company that offers a part of its ownership in the form of shares, debentures, bonds, securities to the general public through stock market. There must be atleast seven members … Read more

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