Answer all the questions.
- Define partnership?
- Briefly explain the characteristics of partnership?
- What is partnership deed? State its contents.
- Difference between fixed captal and fluctuating capital.
- State the points affecting accounts in the absence of partnership deed?
- What is profit and loss appropriation account?
- What is a company?
- Explain the features of a joint stock company?
- What is a share? State the types of shares?
- What is a preference share? State its types.
- Difference betweem share and preference share.
- What is a debenture?
- Explain the types of debentures.
- Difference between share and debenture.
15.Project work – Comprehensive problem.
Visit any business establishment in your locality and collect transactions relating to a particular month/year, from that transactions pass journal entries and prepare ledger accounts, trial balance , trading, profit and loss account and balancesheet.
Date of submission: 31st May 2016.