Accountancy Class 12 Viva Questions
To give the students an idea of what is expected from them while appearing for Accountancy Practical Exam., a list of questions has been prepared. These are the questions usually asked by the examiners, depending on the topics in syllabus of Project Work.
Prepare Comparative Statements and Cash Flow Statement topics. Questions usually asked from Cash Flow Statement have been given here. From Comparative Statements questions can be prepared on the same line.
Make sure to revise the file you have prepared. You must prove that the work done in the file has been done by you only.
Cash Flow Statement Viva Questions
- What is Cash Equivalent?
- What is Cash Flow Statement?
- Give any two examples of Cash Equivalent.
- How would you record the effect of sale of marketable securities?
- What is the treatment of Bank Overdraft in CFS?
- If Cash is deposited into bank, what will be the effect on Cash Flow?
- Give any two items of inflow/outflow from operating/investing/financing activities.
- What do you mean by operating/investing/financing activity?
- Give an example of operating/investing/financing activity/
- Small question to identify operating/investing/financing activity.
- What do you mean by Extra-Ordinary Item in Cash Flow Statement?
- Give an example of Extra Ordinary Item of Operating Activity/Investing Activity.
- What is the treatment of Extra Ordinary Item in different cases?
- For which company Rent Received is Investing Activity and for which company it is an Operating Activity?
- Small question on treatment of increase or decrease in a particular Current asset /Liabilities in cash flow statement.
- Is it possible that there is inflow in case of operating activity but outflow in case of investing/financing activity of the same company?
- What will be the treatment of increase in Patents in Cash Flow Statement?
- State a transaction in which one part is investing and the remaining part is financing.
- How would you treat Issue of Bonus Shares in Cash Flow Statement?
- What is the treatment of rent received in cash flow statement?
- What is the treatment of Proposed Dividend in Cash Flow Statement?
- How interest paid and interest received is treated in cash flow statement?
Accountancy Class 12 Viva Questions
Financial Statements Viva Questions
- Under what major subheading will the following items be placed in the B/S Of a company as per schedule-III, part-I of the companies act, 2013 like (a) Capital reserve (b) Bonds etc.
- What is the difference between prepaid expense and preliminary expenses.
- What is the difference between fictitious assets and intangible assets?
- Is Goodwill a fictitious asset?
- What is Contingent Liability?
- Give an example of Contingent Liability.
- What is the place of Contingent Liability in the balance Sheet of a Company?
- Question on placement of different heads in Statement of Profit and Loss of a company as per schedule-III, part-II of the companies act, 2013 like Finance Cost.
- Meaning of all items of Statement of Profit and Loss.
Accountancy Class 12 Viva Questions
Ratio Analysis Viva Questions
- Give an example of segments of a company.
- What is meant by Segment Assets?
- What is Segment Revenue?
- What is Segment Report?
- Question on meaning/formula/components/significance/standard on any ratio.
- What is the standard ratio for Current Ratio/Debt Equity Ratio?
- What is ROI? Why is it important?
- Which two profitability ratios make total of 100%.
- What is the difference between Working Capital Ratio and Working Capital Turnover ratio?
- What is G.P ratio?
- Give two reasons of poor G.P.ratio.
- How can you increase G.P.ratio?
- What can be the reason of Low N.P. Ratio even when there's High G.P.Ratio?
- If Current Ratio is 2:1.What will be the effect of payment to creditors an amount of ₹5,000?
- Which assets are included in Current Assets but not in Quick Assets?
- A very short question can be given to check the understanding of treatment of various items in the calculation of various ratios or Cash Flow Statement like Provision for Tax, Loose Tools etc.
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