Which theoretical topic should I concentrate for the exam as only 10% of theory will come?

Theoretical Questions: Accountancy Grade-XII

Based on my experience and considering the types of questions being asked in the last 10 years of CBSE board exams, I personally think that the following questions stand-out and one shall not leave them.

Also, considering the recent changes due to implementation of Company Act, 2013, I certainly believe students must be well acquainted with atleast the theory portion of ESOP and the related terminologies. You can leave the numerical portion; however, don't ignore that completely the numerical, atleast have a mere glance.

Theoretical Questions: ‚ÄčSection A
Q.1 State the provisions of Indian Partnership Act, 1932 in the absence of partnership deed.
Q.2 State the maximum number of partners in a partnership firm.---ANS- IT IS FIFTY (50)
Q.3 Distinguish between Fixed and Fluctuating Capitals Accounts.
Q.4 A partnership deed provides for the payment of interest on capital but there was a loss instead of profit during the current year. At what rate will the interest on capital be allowed?
Q.5 Explain the feature(s) (any one) of partnership.
Q.6 What is meant by partnership deed?
Q.7 Can a partner be exempted from sharing the losses in a firm? If yes, under what circumstances?
Q.8 State any two occasions on which a firm can be reconstituted/reconstructed.
Q.9 Give any one distinction between sacrificing ratio and gaining ratio.
Q.10 State any one purpose for admitting a new partner in a firm.
Q.11 State the two main rights that a newly admitted partner acquires in the firm.
Q.12 Explain the factor(s) (any one) affecting the value of goodwill of a firm?
Q.13 State the need for treatment of goodwill on admission of a partner.
Q.14 Why are ‘Reserve and Surplus’ distributed at the time of reconstitution of the firm?
Q.15 Distinguish between 'Dissolution of Partnership' and Dissolution of Partnership Firm'
Q.16 What is meant by ‘Securities Premium’? Give any one purpose for which the amount received as 'Securities Premium' may be utilised.
Q.17 What is the maximum amount of discount at which forfeited shares can be re-issued ?
Q.18 What is meant by ‘Capital Reserve’? Differentiate between capital reserve and reserve capital.
Q.19 Give the meaning of forfeiture of shares.
Q.20 Give the meaning of ‘Issue of Debentures as a collateral security.

Theoretical Questions: Section B
Q.1 State the significance of analysis of financial statements.
Q.2 State any one objective/limitation/advantage of financial statement analysis.
Q.3 What is meant by a ‘Common Size Statement’?
Q.4 State the purpose/objective of preparing a ‘Cash Flow Statement’.
Q.5 Give the meaning of ‘Cash Flow’.
Q.6 What is meant by ‘cash equivalents’?
Q.7 State why non-cash transactions are ignored while preparing a Cash Flow Statement?
Q.8 What is meant by ‘Cash from Operating/Investing/Financing Activities’?
Q.9 Declaration of final dividend would result in inflow, outflow or no flow of cash. Give your answer with reason
Q.10 State whether conversion of debentures into equity shares by a financing company will result in inflow, outflow or no flow of cash.

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2nd book chapter 1,2,3 should be concerned and from 1st book main definitions from accounting for companies
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