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 If a fixed amount is withdrawn on 1st1 day of every month of acalendar year, tor what period will the interest on total amount withdrawn be calculated ?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