Central Board of Secondary Education
Class – XII (Year 2009)
Subject – Accountancy - (Delhi)
(i) All questions are compulsory.
(ii) Marks for each question are indicated against it.
(iii) Use of Calculators is not permitted.
- Can a partner be exempted from sharing the losses in a firm ? If yes,
Under what Circumstances?
- Why should a firm have a partnership deed ?
- When is dividend received considered as operating activity ?