List of top Questions asked in UP Board XII

What is the difference between sacrifice ratio and profit gaining ratio?
Which Journal Entries are passed in the books of the firm at the time of admission of a new partner?
What do you mean by ‘Preference Shares’?
What is Current Ratio?
What is the meaning of Financial Statement?
What is Cash Flow Statement?
Mention two characteristics of Debenture.
‘Payment of Dividend’ will come under what type of activity while preparing Cash Flow Statement?
What is ‘Realisation Account’?
“Higher the ratio, the more favourable it is.” This does not apply to
State two circumstances of a firm reconstitution.
What is the need for valuation of Goodwill?
Current liabilities include
Share Application A/c is
On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners:
Weighted average method of calculating goodwill is used when
Debenture holders are the
On retirement of a partner, goodwill will be credited to Capital Account of
When time of withdrawals is not mentioned, interest on drawing is charged for
Preparation of partnership agreement in written form is
Answer in about 40 words: When did Bama feel humiliated?
(From 'Memories of Childhood' — 'We Too Are Human Beings' by Bama)
Answer in about 40 words: What is called 'a first day cover' as narrated by Charley?
(From 'The Third Level' by Jack Finney)
Answer in about 80 words: What vow did the Maharaja take and how did he fulfil that?
(From 'The Tiger King' by Kalki)
Answer in about 40 words: What part of history would it be to visit Antarctica now?
(From 'Journey to the End of the Earth' by Tishani Doshi)
Answer in about 40 words: When did Zitkala-Sa have to suffer extreme indignities?
(From 'Memories of Childhood' — 'The Cutting of My Long Hair' by Zitkala-Sa)