questions which are mostly asked in Class 12 ACCOUNTANCY VIVA...
I am bad at accounts please help
Answers
Answer:
Hey mate here is ur expected answer.......
Explanation:
These are so many expected questions based on different topics. It doesn’t mean that examiner will ask these questions only there may be other questions also. Students are advised to read their practical file carefully. Questions can be asked from basics concepts of accounting, important journal entries, depreciation, errors and rectification, ratio analysis, cash flow analysis and the file that students prepare
Some Sample of questions are listed below:
1. What is book-keeping? How is it different from accounting?
2. What is double entry system of book keeping?
3. What are assets? What are liabilities?
4. What is operating cycle?
5. What is a contingent liability?
6. What is a capital reserve? What is a general reserve?
7. What are fundamental accounting assumptions?
8. What are Accounting Standards?
9. What is opening entry? What are closing entries?
10. What is other name for journal/ledger?
11. What is traditional classification of accounts?
12. How are personal accounts classified?
13. What is meant by narration? Why is it necessary to write a narration?
14. What is a trial balance?
15. What are errors of omission? What are compensating errors?
16. What is the journal entry for depreciation?
17. Under which method the cost of fixed assets will never become zero?
18. What is the meaning of financial statements? What is financial statements analysis?
19. What is horizontal analysis? What is vertical analysis?
20. What is meant by Ratio? What is an accounting ratio?
Similarly a lots of questions can be created on the basis of your project work and related theory chapters.
Best of luck.......
Answer:
Explanation:
About partnership and share capital
Hope it helps you.