Solve 2012 CBSE-Accountancy Question Paper (Set-3) given here.
1. Distinguish between ‘Subscriptions' and ‘Specific Donations’ from the point of view of ‘Nature of Income'.
2. If a fixed amount is withdrawn on 1st1 day of every month of acalendar year, tor what period will the interest on total
amount withdrawn be calculated ?
3. State the reason of contributing for goodwill by a new partner at the time of his admission.
4. Give any one point of distinction between dissolution of partnership and dissolution of partnership firm.
5. What is meant by ‘Over-Subscription’ ?
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