List of top Questions asked in Bihar Board XII- 2025

What are the objectives of preparing a Cash Flow Statement?

Give two examples of cash outflow from investing activities.

What is Receipts and Payments Account? How is it different from Income and Expenditure Account?

What is Sweat Equity Share?

Why does a company forfeit shares?

Write the formula of calculating gaining ratio.

What is partnership deed?

State the items which are debited to deceased partner’s Capital Account.

What is Joint Life Policy?

How is Capital Fund calculated (for a Not-for-Profit Organisation)?

X and Y are partners. They share profits and losses in the ratio of \(2:1\). They admit Z by giving him \(\tfrac{1}{4}\) share in future profits. Calculate the new profit-sharing ratio.

X, Y and Z are partners sharing profits in the ratio \(3:2:2\). Z retires. X and Y decide to share future profits in the ratio \(4:3\). Calculate the \emph{gaining ratio}.

What is called accumulated profit?

Distinguish between charge against profit and appropriation of profit (any two points).

Write any two points of difference between sacrificing ratio and gaining ratio.

State two objectives of ratio analysis.

Differentiate between shares and debentures on any two points.

What is lumpsum payment method of redemption of debenture?

What is meant by redemption of debentures?

State the conditions for valuation of goodwill.

What do you understand by common size statement?

What is trend analysis?

Why are assets and liabilities revalued on the death of a partner?

Under what circumstances is a partnership firm compulsorily dissolved?

What is meant by analysis of financial statements?