# CBSE (Central Board of Secondary Education- Board Exam) Class-12 Accountancy: Questions 7 - 12 of 209

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## Question number: 7

One Liner Question▾

### Write in Brief

what is financial statement analysis?

## Question number: 8

### Write in Short

P and Q are partners with capitals of Rs. 6,00,000 and Rs. 4,00,000 respectively. The profit and Loss Account of the firm showed a net Profit of Rs. 4,26,800 for the year. Prepare Profit and Loss account after taking the following into consideration: -

1. Interest on P’s Loan of Rs. 2,00,000 to the firm
2. Interest on ’capital to be allowed@6 % p. a.
3. Interest on Drawings@8 % p. a. Drawings were; P Rs. 80,000 and Q Rs. 1000,000.
4. Q is to be allowed a commission on sales@3%. Sales for the year was Rs. 1000000
5. 10 % of the divisible profits is to be kept in a Reserve Account.

## Question number: 9

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

One Liner Question▾

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In case of admission of a new partner, goodwill was already appearing in the books of the firm. Give journal entry for its treatment.

## Question number: 10

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

One Liner Question▾

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The goodwill of a partnership is valued at Rs. 20,000. State the amount required by a new partner, if he is coming for 1/5 share in profits.

## Question number: 11

One Liner Question▾

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The partnership deed provides that Anjali, the partner will get Rs. 10,000 per month as salary. But, the remaining partners object to it. How will this matter be resolved?

## Question number: 12

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

One Liner Question▾

### Write in Brief

State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner.

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