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Accounts Rev Ques

The document outlines various chapters related to partnership accounts, including definitions, characteristics, rights of partners, and the processes involved in reconstitution, admission, retirement, and dissolution of a partnership firm. It also covers topics related to share capital, debentures, financial statements, and cash flow statements, providing definitions, differences, and procedures relevant to each topic. Overall, it serves as a comprehensive guide to understanding partnership and corporate accounting principles.

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17 views

Accounts Rev Ques

The document outlines various chapters related to partnership accounts, including definitions, characteristics, rights of partners, and the processes involved in reconstitution, admission, retirement, and dissolution of a partnership firm. It also covers topics related to share capital, debentures, financial statements, and cash flow statements, providing definitions, differences, and procedures relevant to each topic. Overall, it serves as a comprehensive guide to understanding partnership and corporate accounting principles.

Uploaded by

vithikakabramaheshwari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Chapter 1 Partnership accounts (fundamentals)

Q.1What is partnership ?

Q.2 what is partnership deed?

Q.3 Define firm ?

Q.4. What is meaning of fixed capital?

Q5 Define partnership according to the Partnership Act 1932.

Q.6 What is meant by guarantee of profit.

Q7 write any three characteristics of partnership

Q.8.What are the rights of partner

Q10. write the rules applicable in the absence of partnership deed

Q.11. Difference between fixed capital and fluctuating capital.

Q.12. Difference between Profit and loss account and Profit and loss appropriation account

Q.13.What is General matters and matters relating to accounts of Partnership deed.

Q. 14. What is Divisible profit.

Chapter 2 Reconstitution of partnership firm

Q.1.What is meaning of recostituatin.

Q 2 What are rights of new partner.

Q.3.Define Gaining ratio.

Q 4.Define Sacrificing ratio.

Q.5.Difference between gaining and sacrifying ratio.

Q.6.Define super profit.

Q.7.Write the difference between Average profit and super profit.

Q.8. Define hidden goodwill.

Q.9 Write the method of valuation of goodwill.


Q.10 Explain the various conditions of reconstitution of a firm.

Chapter 3 Admission of a partner

Q.1Meaning of admission of a partner

Q 2.Factors determinig goodwill or write causes of

composition of Goodwill.

Q.3. Write the effect of admission of new partner.

Q.4.Explain the main Problem and adjustment on admission of

a new partner.

Q.5.Discuss the Guidelines for recording premium for Goodwill as per

Accountig standard 26(As-26)

Q.6 In what conditions goodwill needs valuation.

Q.7 what are the characteristics of goodwill

Q.8. Write the difference between normal profit and super profit.

Q.9. Explain the causes of creation of goodwill.

Q.10 Explain the need of admission of a new partner (condition of admission)

Chapter 4 Retirement and Death of partner

Q.1 What do you mean by retirement of a partner.

Q.2 Give reason for the retirement of a partner.

Q.3. What do you mean by legal representative.

Q.4. How the amount is calculated for a partner , who is retiring from the firm.

Q.5 what are the problem arising when partner take it retirement from the firm.

Q.6 Write the circumstances of retirement of a partner.

Q.7.What is meant by expulation of a partner.

Q8 what do you mean by revaluation account.


Q.9.what is Joint life insurance policy.

Q.10What is the payment by any method to a retiring partner.

Chapter 5 Dissolution of a partnership firm

Q.1. What do mean by dissolution of partnership firm.

Q.2 what is meaning of realisation account.

Q.3. Write the difference between revaluation account and realization account.

Q.4 Write circumstances for resolution by Court.

Q.5.Write the sequence of payment of liabilities on dissolution the firm.

Q.6 write the causes of dissolution of partnership firm.

Q.7. Write the difference between Dissolution of partnership and Dissolution of a firm.

Q.8.Explain any four method of dissolution of a firm.

Chapter 6 Accounting of share capital issue of share

Q.1.What is Share.

Q.2.What is stock.

Q.3 Define Company.

Q.4.What is Capital Reserve.

Q.5. Explain in any four characteristics of company.

Q.6.What is Over Subscription

Q.7.What do you mean by under Subscription.

Q.8 Define types of Capital.

Q.9 write the difference between equity and preference share.

Q.10. Explain types of preference share.

Q.11. Difference between stock and shares.


Q.12.What is Equity share and writes it's characteristics.

Q.13. Explain Calls in advance and calls in arrears.

Q.14. Difference between Authorised capital and Issued capital.

Q.15 What is meaning of at par.

Q.16. Explain the utilisation of security premium reserve.

Chapter 7 for feiture and Re issue of shares

Q.1. What is meant by forfeitures shares.

Q.2. Explain the procedure of forfeiture of shares.

Q.3. Discuss fully the procedure of Re-Issue of for feitures shares.

Q.4. Discuss the rules of table F of the Companies Act, 2013 regarding forfeiture of shares.

Chapter 8 Issue of Debentures

Q.1 Explain types of debenture

Q.2. What is meaning of Bond.

Q.3. Write the difference between share and debenture.

Q.4. What is naked or unsecured debenture.

Chapter 9 Financial statements of a company

Q.1. What is included In financial statement.

Q.2. Write the characteristics of financial statement.

Q.3. Write the nature of financial statements.

Q.4. Explain any four objectives of financial statements.

Q.5. What are written under current liabilities


Chapter 10 Financial statement analysis

Q.1 Explain any four objectives of analysis of financial statement.

Q.2. Explain significance or Importance of analysis of financial statement.

Q.3. Write any four limitation of analysis of financial statement.

Q.4. What is meaning of break even point analysis.

Q.5 what is current ratio.

Q.6 what is quick ratio.

Q7. What is debt equity ratio.

Q.8. How would you calculated cost of goods sold.

Q.9. What is average collection period.

Q.10. What is solvency ratio.

Q.11. Difference between current ratio and liquid ratio.

Q.12. Right limitations of accounting ratio.

Q.13 you mean by ratio analysis

Chapter 11 Cash flow Flow statement

Q.1 what is what is cash flow statement

Q.2. What is meaning of cash equivalent.

Q.3. What is operating activity .

Q.2What is investing activity .

Q.3what is financing activities.

Q.4. what is fund flow statement.

Q.5. What is important or utility of cash flow statement.

Q.6. Write limitation of cash flow statement.

Q.7 difference between fund flow statement and cash flow statement.
Q.8. Explain direct method of cash flow.

Q.9. Write the objective of cash flow statements.

Q.10 Give example of cash inflow and cash outflow from operating activity ,investing activity
and financing activity.

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