List of top Questions asked in MPBSE Class XII Board

Which are two options available with the company in the condition of Over-subscription? Write.
What is Un-called Capital?
What is meant by Forfeiture of Shares?
What is meant by Share Capital?
ABC Ltd. purchased a building worth Rs. 5,40,000 from XYZ Ltd. and the payment was made by the issue of shares of Rs. 100 each issued at 20% premium. Give necessary journal entries in the books of ABC Ltd.
Explain types of debentures from the point of view of convertibility.
X, Y and Z are partners in the ratio of 3 : 2 : 1. X retires and his share is taken up by Y and Z in the ratio of 3 : 2. Calculate new profit sharing ratio.
Anu, Vanu and Tanu are partners in the ratio of 4 : 3 : 2. Anu retires. Vanu and Tanu decide to share future profits in the ratio of 5 : 3. Calculate Gaining Ratio.
Write any two characteristics of partnership.
Explain types of debentures from the point of view of security.
Write any two circumstances when a court can issue order for dissolution of a firm.
What is meant by Authorised Capital?
Write any two circumstances for compulsory dissolution of a firm.
Bank overdraft is transferred to Bank account on the dissolution of a firm.
What is partnership deed?
Paid-up capital can exceed called-up capital.
The financial statements of a business include Cash Flow Statement.
Debenture is a part of owned capital.
Proposed dividend is shown as contingent liability.
Capital Reserves are created from Capital Profits.
Which account is also prepared along with capital account in fixed capital method?
The profit sharing ratio of A, B and C is \( \frac{5}{10} : \frac{6}{20} : \frac{4}{20} \). What will be the new profit sharing ratio if C retires?
How much interest is payable on the loan of a partner in the absence of partnership deed?
The change in the value of assets and liabilities on reconstitution is recorded in which account?
On the death of a partner, his claim is transferred to which account?