NEB Question Browser
Explore Class 12 Accounting past and model questions by chapter, year, marks and question type.
244 questions found
A limited company issued 10,000 shares of Rs. 100 each, amount payable as under:
On application → Rs. 35
On allotment → Rs. 40
On first and final call → Rs. 25
Application were received for 15,000 shares and allotted to 12,000 applicants on pro-rata basis and rest were rejected. Excess application money were adjusted on allotment. All call money were duly received except on 500 shares on first and final call.
Required: Journal entries for:
(a) Share application
(b) Share allotment
(c) First and final call
Explain the feature of accounting software.
What do you mean by private limited company? Mention the features of a private limited company.
Mention any four limitation of Computerized Accounting System.
Write any two types of accounting software.
Prepare adjustment entry of accrued commission Rs. 28,000.
Mention any two differences between direct cost and indirect cost.
Define company.
Define paid up capital.
Required:
(a) Multi-step Income Statement
(b) Statement of Financial Position
Define Bin Card.
Write the meaning of indirect material.
Prepare adjustment entry of Rs. 20,000 for proposed dividend.
State any two importance of computer system in accounting.
X company issued 7,000, 10% debentures of Rs. 100 each at 5% premium, redeemable at 10% premium after 5 years.
Required: Entries for issue and redemption of debentures.
Write the meaning of allocation of overhead.
State any two limitations of cost accounting.
Define fixed assets.
(a) Statement of Profit or Loss as per NFRS
(b) Statement of Financial Position as per NFRS
Following informations are given:
Net income Rs. 36,000
Depreciation Rs. 12,000
Decrease in current assets Rs. 10,000
Required: Cash flow from operating activities under indirect method.