List of top Accountancy Questions asked in PSEB XII

What is Realisation Account?
J, K, L, M are in partnership sharing profits and losses in ratio of 9 : 6 : 5 : 5. 'N' joins the partnership for 20% share. J, K, L and M would in future share profits among themselves as 3 : 4 : 2 : 1. The new profit sharing ratio will be:
X, Y and Z are three partners sharing profits in the ratio 10 : 7 : 7. Z retired. X and Y decided to share profits in equal ratio. Gaining ratio will be:
Rent paid to a partner is _________ against profit. (charge/appropriation)
An increase in the value of assets is recorded on which side of the Revaluation Account?
Revaluation Account is _________ account. (real/nominal)
Under which method of valuation of Goodwill, normal rate of return is not required?