Questions

3 Marks Question

🎯

Test yourself on this topic

4 questions · timed · auto-graded

Question 13 Marks
State any three requirements which should be considered before making an investing decision to choose between 'Desktop database' or 'Server database'.
Answer
Three considerations - scalability, collaboration/accessibility, and security/data integrity - play a crucial role in determining the suitability regarding a desktop database or a server database as the right investment for any organization
View full question & answer
Question 23 Marks
State any three types of Accounting Vouchers used for entry.
Answer
Contra Voucher
Receipt Vouchers
Payment Vouchers
Purchase Vouchers.
View full question & answer
Question 33 Marks
Complete the Comparative Statement of Profit and Loss:
Particulars2022-232023-24Absolute change% change
Revenue from Operations16,00,00020,00,000??
Less: Employees Benefit Expenses8,00,000??25%
Less: Other Expenses2,00,000?(1,00,000)?
Profit before tax6,00,000??50%
Tax @30%??90,000?
Profit after tax4,20,000?2,10,000?
Answer
Comparative Income Statement
Particulars2022-232023-24Absolute change% change
Revenue from Operations16,00,00020,00,0004,00,00025%
Less: Employees Benefit Expenses8,00,00010,00,0002,00,00025%
Less: Other Expenses2,00,0001,00,000(1,00,000)(50%)
Profit before tax6,00,0009,00,0003,00,00050%
Tax @30%1,80,0002,70,00090,00050%
Profit after tax4,20,0006,30,0002,10,00050%
View full question & answer
Question 43 Marks
Find the heads and sub-heads under which the following items will appear in the balance sheet of a company as per Schedule III, Part I of Companies Act, 2013?
a) Furniture and Fixture
b) Advance paid to contractor for building under construction
c) Accrued Income
d) Loans repayable on demand to Bank
e) Employees earned leaves payable on retirement
f) Employees earned leaves encash able
Answer
ItemsHeadingSub-Heading
Furniture and FixtureNon-Current AssetsProperty, Plant & Equipment
Advance paid to contractor for building under constructionNon-Current AssetsLong-Term Loans & Advances
Accrued IncomeCurrent AssetsOther Current Assets
Loans repayable on demand to BankCurrent LiabilitiesShort Term Borrowings
Employees earned leaves payable on retirementNon-Current LiabilitiesLong Term Provisions
Employees earned leaves encashableCurrent LiabilitiesShort Term Provisions
View full question & answer
3 Marks Question - Accountancy STD 12 Commerce Questions - Vidyadip