Question

First term examination subject accountancy class 12th most important questions

Answer 1

1* Define non profit organisation and give its features.

2* Difference between receipt and payment account and income and expenditure account.

3* Difference between profit and loss account and income and expenditure account.

4* Define subscription, life membership, enterence fees, donation, fund accounting system etc..

5* Define partnership and give nature.

6* write about advantage and disadvantage of partnership.

7* Write about agreement between partners in partnership.

8* explain rights and duties of partners

9* define salary.

10* Define reserve and provision.

11.. Define admission and retirement of partnerships.

12% Difference between dissolution of partnership firm and dissolution of partnership.

13/ write modes of dissolution of partnership firm.

14/ why goodwill given to retire partner

15/ what is goodwill. give types.

16/ How goodwill calculate.

17* what are the factors affect goodwill.

18* Difference between sacrifice and gaining ratio.

19/ How we Calculate gain and sacrifice ratio.

20/ Difference between partnership and joint stock company..

Answer 2

1. Why Dissolution happen in the partnership
2. Practical questions of admission or dissolution
3. Forfeiture of shares
4.types of share capital