List of top Accountancy Questions asked in CBSE Class Twelve Board Exam

Calculate the Operating Ratio from the following information:

ParticularsAmount (₹)
Revenue from Operations (Cash + Credit)25,00,000
Purchases (Cash + Credit)12,00,000
Carriage Inward20,000
Salaries1,45,000
Wages85,000
Increase in Inventory50,000
Poonam Ltd. forfeited 2,00,000 equity shares of ₹10 each issued at a premium of ₹5 per share for the non-payment of the first call of ₹2 per share. The second and final call of ₹3 per share was not yet made. The forfeited shares were reissued at a discount of ₹1 per share fully paid up. Pass necessary journal entries for the above transactions in the books of Poonam Ltd. Also prepare Share Forfeiture Account.
Show the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013:
(a) Calls in advance
(b) Public deposits
(c) Intangible assets under development
Develop a code for Nisha, Roll No. 23 who took admission in Section A, Class XI in the year 2024 in School No. 10 run by the ‘Education For All Trust’. Section A is a science stream section and its code is 1.
Name the error which occurs when the column is not wide enough or a negative date or time is used. How can it be corrected if:
(i) Error is due to the width of the column, and
(ii) Date or time is negative?
Explain number formatting
P, Q and R were partners in a firm sharing profits and losses in the ratio of 3 : 5 : 2. S was admitted as a new partner for \(\frac{1}{5}\) share in the profits of the firm. S acquired his share entirely from Q. The new profit sharing ratio among P, Q, R and S will be:
Two important requirements of an accounting report are:
How are ranges identified within Excel?
Which built-in function can be used to compute monthly instalments of repayment of loan? State its parameters also.
State the phases of ‘Accounting Cycle’.
Which chart element provides additional information about a data marker to identify the details of data in data series?
From the following Balance Sheet of Bose Ltd. as at 31st March, 2024, calculate ‘Cash Flows from Operating Activities’.
The outcome of an arithmetic expression or function is called:
Which of the following voucher records outflow of money from the business?
The following information has been obtained from the books of Vivek Ltd.:
Particulars Amount (₹)
10% Debentures\( \text{₹}15,00,000 \)
Current Liabilities\( \text{₹}2,00,000 \)
Non-Current Assets\( \text{₹}25,00,000 \)
Current Assets\( \text{₹}7,00,000 \)
During the year ended 31st March, 2024, net profit after interest and tax amounted to \rupee4,10,000. Tax paid was \rupee40,000.
Calculate Return on Investment (ROI).
From the following information, prepare a Common Size Statement of Profit and Loss of QLM Ltd. for the year ended 31st March, 2023 and 31st March, 2024.
The raw facts for any business application is known as which of the following components of Computerised Accounting System?
There are two statements:
Statement I: The balance in the Statement of Profit and Loss in the Balance Sheet of Samta Ltd. showed a deficit of \rupee2,00,000 on 31.03.2023 and a surplus of \rupee3,00,000 on 31.03.2024. \rupee5,00,000 will be considered as profit earned during the year for preparing Cash Flow Statement.
Statement II: On 31.03.2023 the goodwill account of Zeeta Ltd. showed a balance of \rupee4,00,000 and on 31.03.2024 it showed a balance of \rupee5,00,000. \rupee1,00,000 will be considered as goodwill acquired during the year for the preparation of Cash Flow Statement.
Choose the correct option from the following:
Show the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013:
(a) Stock-in-trade
(b) Motor Vehicles
(c) Provision for tax
Which of the following transactions will result in outflow of cash?
The Current Ratio of Magnum Ltd. is 2.5 : 1. Which of the following transactions will result in decrease in this ratio?
In case of a non-financial enterprise, payment of dividend is considered as a/an:
The statement that shows changes in all items of financial statements in absolute and percentage terms over a period of time, for a firm, or between two firms is called ______.
_______ ratios indicate the speed at which activities of the business are being performed.