CBSE Class-12 Accountancy: Questions 105 - 110 of 209

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 209 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 250.00 or

Question number: 105

» Analysis of Financial Statements » Financial Statements of a Company

Short Answer Question▾

Write in Short

From the following statement, calculate the cash generated from operating activities:

Statement of Profit For the year ended 31st March, 2005

it shows various transaction of income and expenditure and gives net profit

Particulars

Rs.

Particulars

Rs.

To Salaries

10, 000

By Gross Profit

85, 000

To Rent

5, 000

By Profit on sale of Machinery

5, 000

To Depreciation

20, 000

By Dividend received

3, 000

To Loss on sale of Building

5, 000

By Commission Accrued

4, 000

To Goodwill written off

8, 000

To Proposed Dividend

10, 000

To Provision for TAX

15, 000

To Net Profit

24, 000

97, 000

97, 000

Question number: 106

» Accounting for Partnership Firms » Not-for-Profit Organizations

One Liner Question▾

Write in Brief

Explain the treatment of aid from government and other institutions?

Question number: 107

» Accounting for Partnership Firms » Reconstitution and Dissolution » Admission of a Partner

One Liner Question▾

Write in Brief

At the time of admission of a new partner, workmen’s compensation reserve in appearing in the Balance sheet as Rs. 1, 000. Give journal entry if workmen’s compensation at the time of admission is estimated at Rs. 1, 200.

Question number: 108

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

Short Answer Question▾

Write in Short

How is goodwill adjusted in the books of a firm -when a partner retires from partnership?

Question number: 109

» Analysis of Financial Statements » Liquidity Ratios

Short Answer Question▾

Write in Short

Current Ratio is 2.5, working capital is Rs. 60, 000/-. Calculate the amount of Current Assets and Current Liabilities.

Question number: 110

» Accounting for Partnership Firms » Reconstitution and Dissolution » Change in the Profit Sharing Ratio

Short Answer Question▾

Write in Short

P, Q and R are partners in a firm sharing profits in the ratio of 2: 2: 1 on 1.4. 2007 the partners decided to share future profits in the ratio of 3: 2: 1 on that day balance sheet of the firm shows General Reserve of Rs. 50, 000. Pass entry for distribution of reserve.

Sign In