List of top Questions asked in Bihar Board Class XII

In which year did the Partnership Act come into force?

For the firm, interest on partner’s drawings is a/an:

Fixed Assets are shown:

Parties interested in financial statements are:

When financial statements of two or more organisations are analysed, it is called:

Financial analysis is useful for:

Which year can be selected for calculating trend percentage?

Sales less cost of goods sold is called:

Which of the following is not the method of financial statement analysis?

Amount realised from sales of assets, on dissolution of firm is recorded in:

When a partner takes responsibility to make payment of any outside liability of the firm, the account credited will be:

Unrecorded liabilities when paid are shown in:

If at the time of dissolution nothing is said about liabilities, then:

On dissolution of the firm, Partners’ Capital Accounts are closed through:

The term ‘Financial Statement’ includes:

The form of Balance Sheet as per Companies Act, 2013 is:

Financial Statement is:

Patents and copyrights fall under which category?

On death of a partner, the firm gets for joint life policy taken for all partners:

On the death of a partner, final payment is made through:

When is the partner’s executor account opened?

Legal expenses are recorded in which side of Realisation A/c?

At the time of dissolution of firm, book value of assets is recorded in which side of Realisation Account?

The balance of ‘Sinking Fund Account’ after the redemption of debentures is transferred to:

When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to: