List of top Accountancy Questions on Basics of Accounting asked in PSEB XII

Write any four advantages of preparing charts.

Prepare Cash Account in Tally from the following transactions: 

Write the code name (Sequential, Mnemonic, Block) of the following: (a) Code Name of Accounts

Complete the table by writing formulas in Row 6 and Column E. 

Complete the following table: 

Write any four advantages of computerized accounting system.
What do you mean by Data Audit?
Write the steps to delete a company in Tally.
Write any one security feature of computerized accounting software.
What do you mean by spreadsheet?
Write any two features of electronic spreadsheet.
Which chart is also known as scatter chart?
Write the name of any three types of accounting software.
PMT Method is used to prepare ________ (Payroll statement/Loan repayment statement)
One or more cells selected is called:
__________ is not a feature of computer. (Accuracy/Intelligence)
Command of __________ in Tally is used to delete a voucher. (Alt+D/Alt+C)
Give any two differences between Calls in Arrears and Calls in Advance.
What is Capital Reserve?
Horizontal analysis is also known as __________ analysis. (static/dynamic)
Write any two differences between Fixed Capital Accounts and Fluctuating Capital Accounts.
Why are Reserves and Surplus distributed at the time of reconstitution of the firm?
How can a partner retire from the firm?
What is Realisation Account?
Revaluation Account is __________ account. (real/nominal)