Board Question Paper : March 2020 — Elements of Account STD 12 Commerce — Question

Write the formula for sacrifice ratio.

Explain the meaning of sacrifice share.

Where will you disclose the following items given in a trial balance during the preparation of a final account of a partnership firm :  Bad debts returned

In which activity the dividend paid is recorded ?

From which financial statement operating activities are emerging ?

State the circumstances of the retirement of a partner.

In which forms ratios can be presented?

Explain with reasons the accounting treatment of reserves and accumulated profit and loss appearing in the books of the firm at the time of the admission of a new partner. 

The maximum amount which a company can accumulate by share capital during its lifetime, is called which capital ?

What is the cost of goods sold ?