Class 12 Accountancy ISC Question Paper 2016 - Free PDF Download
FAQs on ISC Class 12 Accountancy Question Paper 2016
1. How Can I Study for ISC Class 12 Accountancy?
Our subject experts suggest the following tips.
Know the basics of ledger posting, debit, and credit balances.
Remember the definitions of terms like assets, debts, liabilities, profit, and loss, etc.
Make flashcards of these definitions and read them at regular intervals.
Be consistent throughout your preparation.
2. How Can I Achieve a 95+ Score in the Accountancy Exam?
Make consistent studying your Mantra!
Practice all the numerical type questions on every topic covered in your syllabus.
Go through our stepwise strategy to score 95+ in the accountancy exam on our website.
Revise all the concepts with our study materials.
Practice the sample papers available on our website.
3. Is the NCERT Helpful for the ISC Accountancy Class 12 Exam?
Yes, definitely, NCERT books are very helpful in scoring a good percentage in the ISC accountancy class 12 exam.
4. How Vedantu Helps in the ISC Class 12 Accountancy Exam Preparation?
To prepare for your Class 12 Accountancy exam, you can refer to Vedantu. We at Vedantu, provide free study materials, sample papers for practice, free tutorials to clear all your doubts from our faculties in our live classes. All you need to do is, stay connected with us for the best study materials and test papers for your exam preparation.
5. What is goodwill and accounting for goodwill as discussed in ISC Class 12 Accountancy?
Goodwill is an inexhaustible resource associated with the purchase of one company by another. Altruism is measured in situations when the price tag is more than the sum of the reasonable estimates of all visible strong resources and impalpable resources. These assets are purchased at the same time that the obligations are accepted. The value placed on an organization's brand name, strong customer base, excellent client relations, excellent representation relations, and any licensing or restrictions on innovation all speak to altruism in some way.
When a company takes over another company, it develops goodwill as well. The true value of the resources can be discerned, and the obligations are also carried over as a result of transactions.
6. Following the concepts of ISC Class 12 Accountancy, what is partnership and partnership deed?
A partnership is a type of business in which at least two people come to an agreement and agree to be co-owners. They divide the responsibilities of running a company and distribute the profits or losses that the company generates. This form of affiliation is documented in a report called organization deeds. A partnership deed is an agreement and understanding between the partners in a business that specifies the terms and conditions of the partnership. The purpose of an association deed is to delegate each accomplice's tasks in order to ensure that the firm's operations run smoothly.
7. What is bookkeeping and how has it evolved with time according to the concepts of ISC Class 12 Accountancy?
Traditionally, bookkeeping has been limited to financial bookkeeping by the bookkeeper. However, as the economy has altered, bookkeepers have gained the ability to function in excellent starting development domains. Online commerce, monetary planning, ecological bookkeeping, scientific bookkeeping, PC hacking, and so on are all examples. In today's world, a bookkeeper's job has evolved from that of an endorser of trades to that of a delegate who provides timely information to a dynamic group. To gain more information and in-depth knowledge about this, you can visit ISC Class 12 Accountancy Question Paper 2016.
8. How to prepare for ISC Class 12 Accountancy?
Students should learn the basic concepts to prepare for ISC Class 12 accountancy. It is important for the students to be thorough with the basic concepts to do well in ISC Class 12 accountancy. Students should be well versed with concepts like partnership, goodwill, share capital, debentures, dissolution of a partnership firm, company, cash flow statement, financial statement analysis, accounting ratio, etc. Students should also sample papers of ISC Class 12 accountancy. Students should go to the Vedantu app and website for free study materials.