Advanced Accounting Important Questions

1. What is Partnership Firm? Explain its features.

2. What is Partnership deed and what are its contents?
3. Explain treatment of goodwill in case of admission of partner?
4. What is Revaluation Account? Explain
5. Explain accounting treatment in case of dissolution of the partnership
firm.
6. What is Realization Account? Explain
7. Explain how the profits are distributed at the time of Death of a partner?
8. Explain about Sale of Partnership to a limited company?
9. Differentiate between Revaluation account and realization account?
10.Explain about different types of Companies?
11.What is a Share? Explain different types of share capital
12.What are Equity shares? Explain the difference between Equity shares
and preference shares
13.Explain about Issue of shares at premium and discount?
14.Explain the different types of debentures?
15.What is underwriting of share?
16.What is bonus share? Explain its provisions.
17.What are the general instructions while preparing the balance sheet?
18.Explain about profit and loss account as per company act,2013
19.Explain the concept of profit prior to incorporation
20.How while preparing the final account of the company profit prior to
incorporation treated?
21.What is goodwill? Explain its necessity for valuation of goodwill
22.Explain about methods of goodwill valuation
23.What is valuation of shares? Explain its necessity for valuation
24.What are the factors affecting on valuation of shares?
25.Explain about net assets backing method.