CBSE Class 12 Accountancy 2011 Previous Year Question Paper
This is the CBSE Class 12 Accountancy 2011 Previous Year Board Question Paper, focusing on the 'Introduction' chapter. It includes questions designed to test understanding of key concepts. The paper features 1-mark questions that probe into the nuances of ratio analysis, such as how personal bias can influence it and its inherent limitations. It also defines accounting ratios, highlighting the mathematical relationship between financial statement items. Solving this previous year paper is crucial for students to familiarize themselves with the exam format, question types, and difficulty level, ultimately aiding in better preparation and improved performance in their board examinations.
Quick info
| Board | CBSE |
|---|---|
| Class | 12 |
| Subject | Accountancy-II - PYP Chapter-Wise |
| Session | 2011 |
| Language | English |
| Type | Previous Year Question Paper |
| Exam type | Board Exam |
Paper pattern
The paper includes 1-mark questions.
Topics covered
Paper topics
- Ratio Analysis
- Limitations of Ratio Analysis
- Accounting Ratios
- Personal Bias
Important topics
- Limitations of Ratio Analysis
- Personal Bias in Ratio Analysis
PDF preview
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Question paper text
Introduction
1 Mark Questions
1. State how personal bias can get reflected in ratio analysis. (All India 2011)
Ans. In many situations, the accountant has to make the choice out of various alternatives available e.g. choice in the method of depreciation (straight line or written down), choice in the method of inventory valuation (LIFO, FIFO or HIFO). Since the subjectivity is inherent in personal judgement, the financial statements are therefore not free from personal bias. As a result, ratio analysis cannot be said to be free from bias.
2. State any two limitations of ratio analysis. (All India 2010)
Ans. The two limitations of ratio analysis are:
- Accounting ratios ignore qualitative factors.
- Impressed by personal bias and ability of the analyst.
3. What is meant by accounting ratios? (Delhi 2010 c)
Ans. An accounting ratio is a mathematical expression of the relationship between two items or group of items shown in the financial statements.
Frequently asked questions
What is this document?
This is a CBSE Class 12 Accountancy Previous Year Board Question Paper from 2011, focusing on the 'Introduction' chapter.
What is the benefit of solving this PYQ?
Solving this previous year question paper helps students understand the board pattern, identify important topics, and improve their marks in the CBSE Class 12 Accountancy exam.
What topics are covered in this paper?
This paper covers the introduction to accounting ratios, including personal bias in ratio analysis and its limitations.
How can I use this paper for practice?
Use this paper to practice answering questions within a time limit and to gauge your understanding of the 'Introduction' chapter concepts.
What is the format of the questions?
This section of the paper includes 1-mark questions testing conceptual clarity on accounting ratios and their analysis.
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