HSC Arts (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

Select the appropriate answer from the alternatives given below & rewrite the completed statement
Bills payable is _____________.

Select the appropriate answer from the alternatives given below & rewrite the completed statement
Bills payable is _____________.

Select the appropriate answer from the alternatives given below & rewrite the completed statement
From financial statement analysis, the creditors are interested to know _____________.

Select the appropriate answer from the alternatives given below & rewrite the completed statement
From financial statement analysis, the creditors are interested to know _____________.

Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.

Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.

Answer the following in brief :
What do you mean by analysis of financial statements?

Answer the following in brief :
What do you mean by analysis of financial statements?

Answer the following in brief :
State any three limitations of Analysis of financial statement.

Answer the following in brief :
State any three limitations of Analysis of financial statement.

State whether the following statement are True or False.

Partnership agreement must be in written form.

A partnership firm is a trading concern.

Answer the following question in one sentence only.
What is bill of exchange?

State whether the following statement are True or False.

If the partnership deed is silent, partners share profits and losses equally.

State whether the following statement are True or False.

Partnership is an association of two or more persons.

Answer in one sentence.

What are noting charges?

Answer in one sentence only. 
What is the Balance Sheet?

Answer in one sentence only. 
State the meaning of debit balance of Trading Account.

Answer in one sentence only.
What is Final Accounts?

Answer the following question in one sentence.
What is Trial Balance?