LATEST NOTICES & ADMISSIONS
Recent School Exam Updates, Date Sheets & Question Papers
Stay updated with newly released admit cards, board exam timetables, model papers, and admission guidelines.
25 Sept 2023 Notification
Short Questions Question 1. Define Process of Accounting. Solution 1: Accounting process of a company starts with the identification of the company’s transaction and then recording, categorizing, and...
25 Sept 2023 Notification
Short Questions Question 1. Define basic accounting terms. Solution 1: Financial statement of a company is needed by everyone who belongs to the company. It is necessary to structure this financial...
25 Sept 2023 Notification
Short Question Question 1. Define basic accounting terms. Solution 1: Basic accounting terms are those terms of accounting which are used regularly in recording of accounting transaction. Question 2....
25 Sept 2023 Notification
Question 1. Define Accounting. Solution 1 : Accounting is a process of identifying financial transactions, measuring them in money terms, recording them in primary books, classifying, summarizing,...
25 Sept 2023 Notification
Question 1 Classify the following into: Operating activities Investing activities Financing activities Cash equivalents, while preparing a cash flow statement Cash sales Cash received from trade...
25 Sept 2023 Notification
Short Answer Questions Question . 1. “Accounting Ratios ignore qualitative factors and are also not comparable if different firms follow different accounting policies.” Comment. Solution . 1 Ratio...
25 Sept 2023 Notification
Short Answer Questions Question .1. What is meant by Common Size Statements? Give any two uses of Common Size Statements. Solution . 1 Common Size Statement Express all items of a financial statement...
25 Sept 2023 Notification
Question 1 Following is the balance sheet of X Ltd. as on 31st March 2019 and 2018. Particulars Note No. 31.03.2019 31.03.2018 ₹ ₹ I EQUITY AND LIABILITIES: Shareholder’s Funds: (a) Share Capital...
25 Sept 2023 Notification
Solution 1. The interested in the analysis of the financial statement ananlysis may be studies from the point of view of varioud parties as follows:- 1.) Significance for Management:- Management of a...
25 Sept 2023 Notification
Question 1: Vikas Ltd. has an authorized capital of Rs. 40,00,000 divided into Equity Shares of Rs. 10 each. The company invited applications for 3,00,000 equity shares. The amount was payable as...
25 Sept 2023 Notification
Question 1 A, B and C were partners in a company sharing profits in the ratio 4:3:3. On 1-4-2015 they decided to dissolve the company. On that date, A’s capital was ₹1,25,000, B’s capital was ₹45,000...
25 Sept 2023 Notification
Question 1 X, Y, and Z are associates sharing profits and losses in the ratio 3:2: 1. Calculate the new ratios when (i) X retires (ii) Y retires (iii) Z retires Solution: The new ratio of the left...