Board Question Paper : March 2022 — Elements of Account STD 12 Commerce — Question

What is revaluation of goodwill?

What is current asset and non-current asset ?

Which transactions are always included in investment activity ?

When business profit shows continously increasing or continously decreasing trend, which average is considered for valuation of goodwill ?

What should be the minimum and maximum face value of an equity share as per the Companies Act ?

What are changes in the stock?

Under which head goodwill is shown in the balance-sheet ?

Where will you disclose the following items given in a trial balance during the preparation of a final account of a partnership firm : Interest on investments of providend fund.

Give illustration for non-operating expenses.

Who has to bear dissolution expenses, at the time of dissolution of a firm ?