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Category: Accountancy

On what account realisation account differs from revaluation account.

Class 12 Accountancy accounts
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State the order of settlement of accounts on dissolution.

Class 12 Accountancy accounts
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Distinguish between the firm’s debts and the partner’s private debts.

Class 12 Accountancy accounts
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On dissolution, how will you deal with the partner’s loan if it appears on the (i) assets side of the balance sheet? (ii) liabilities side of balance sheet.

Class 12 Accountancy accounts
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State the accounting treatment at the time of dissolution of a firm for (I) Unrecorded assets (II) Unrecorded Liabilities

Class 12 Accountancy accounts
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State the difference between dissolution of partnership and dissolution of partnership firm.

Class 12 Accountancy accounts
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Describe the role of accounting in the modern world.

Class 11 accounts
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Explain the meaning of gain and profit. Distinguish between these two terms.

Class 11 accounts
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What do you mean by an asset and what are the different types of assets?

Class 11 accounts
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Describe the informational needs of external users.

Class 11 accounts
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Explain the factors which necessitated systematic accounting.

Class 11 accounts
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What is accounting? Define its objectives.

Class 11 accounts
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