Samacheer Kalvi 12th Accountancy Choices Chapter 7 Balances

  • To Bankers: Recommendations considering on financial statements is extreme into lenders to evaluate if there was adequate protection to purchase count of financing otherwise overdraft.
  • To help you Bodies: Monetary statements is actually significant with the bodies to assess the tax accountability out-of organization issues and also to frame and amend commercial regulations.
  • To help you Group: From economic comments, the employees is also measure the element of organization to invest wages and you may whether they have upcoming development in this new concern.
  1. To analyze profits and you can making capabilities.
  2. To learn the long run and you may temporary solvency of your own providers.
  3. To choose the overall performance from inside the functions and employ away from assets.
  4. To find the abilities off administration and you will staff.
  5. To determine the pattern from inside the conversion process and you can development, etcetera.
  6. To forecast for the future and you can ready yourself finances.
  7. And work out inter-corporation and you may intra – corporation contrasting.

Matter cuatro. On pursuing the harmony piece extracts, compute trend payment, and you may touch upon new exchangeability status regarding X ltd. It’s also possible to capture 1990 as the legs season.

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Samacheer Kalvi 12th Accountancy Balances Text book Right back Issues and Responses

Concern 1. An inclination share is but one …………….. (i) and that sells preferential right regarding payment out-of bonus in the fixed speed (ii) and that sells preferential right when it comes to payment from funding towards the finding yourself (a) Simply (i) is correct (b) Just (ii) is correct (c) Each other (i) and you may (ii) are right (d) Both (i) and you may (ii) is incorrect Address: (c) One another (i) and you will (ii) is best

Concern dos. One to element of display money which will be entitled upwards just towards ending up off a buddies is known as …………….. (a) Authorised capital (b) Titled right up capital (c) Financial support put aside (d) Set aside financial support Answer: (d) Set-aside resource

Concern step three. During forfeiture, share capital account is debited which have …………….. (a) Par value (b) Affordable really worth (c) Paid up amount (d) Titled upwards count Respond to: (d) Entitled up matter

Tamilnadu Samacheer Kalvi twelfth Accountancy Choices Chapter 7 Records

Matter 4. Pursuing the sacrificed shares try reissued, the bill in the forfeited offers account shall be moved to …………….. (a) General reserve account (b) Financing put aside account escort review Lakewood (c) Ties premium account (d) Excessive membership Respond to: (b) Financing reserve membership

Question 5. The amount acquired past new par value is actually paid so you’re able to …………….. (a) Securities advanced membership (b) Contacts improve account (c) Express investment account (d) Sacrificed shares account Answer: (a) Ties advanced account

Question 6. And that of after the report is false? (a) Issued funding can’t ever be more compared to the authorised capital (b) In the event of significantly less than registration, issued investment is below the licensed funding (c) Set aside financing can be titled during the time of winding up (d) Paid-up resource is part of named upwards investment Answer: (b) If there is not as much as subscription, approved funding might be lower than the fresh subscribed resource

Question eight. When shares try granted for purchase regarding assets, the total amount will be paid so you can …………….. (a) Vendor’s A good/c (b) Sundry possessions A/c (c) Show financing A/c (d) Bank Good/c Answer: (c) Express capital A beneficial/c

Question 9. In the event that a portion out of ? 10 on which ? 8 might have been paid up is actually sacrificed. Minimum reissue price is …………….. (a) ? ten for every single express (b) ? 8 for each show (c) ? 5 for every single share (d) ? 2 per express Address: (d) ? 2 for each and every share