II PUC ACCOUNTANCY CHAPATER WISE MATCH THE FOLLOWING LIST:2024

Prepared By JOY.K.V M.com ,B.ed , K-set.

MATCH THE FOLLOWING BY PU BOARD

SL.NO A B
1. Partnership Deed Written Agreement
2. Fixed Capital System Capital A/C balance remains constant
3. Current A/C Fixed capital system
4. Goodwill Intangible asset
5. Sacrifice Ratio Admission of a partner
6. Gain Ratio Retirement of a partner
7. Executors' A/c Death of a partner
8. Realisation A/c Dissolution of Partnership firm
9. Dissolution of Partnership Firm Closing down the business of the firm
10. Dividend The return on Shares
11. Companies Act 2013
12. Debenture Acknowledgement of debt
13. Share capital Shareholders fund
14. Security Premium Reserves and Surplus
15. Comparative Statement Horizontal Analysis
16. Vertical Analysis Common size Statement
17. Working Capital Current assets-Current Liabilities
18. Profitability Ratios Percentage
19. Purchase of Fixed asset Investing activities
20. Issue of Shares Financing activities
21. Payment of salaries to employees Operating activity.

1.ACCOUNTING FOR PARTNERSHIP: BASIC CONCEPS

SL.NO A B
1. Partnership Act 1932
2. Partnership Any of them Acting for all
3. Partnership No separate legal entity.
4. Liability of Partnership Unlimited
5. Agreement Oral or written
6. Partnership deed Terms of the agreement
7. Profit sharing ratio Equally
8. Name and address of all partners Partnership deed
9. Interest on Advances 6%
10. Fixed capital method Capitals of the partners fixed.
11. Partners current a/c Fixed capital method.
12. Fixed capital Method Always show a credit balance
13. Current a/c Debit or Credit balance
14. Fluctuating capital method Capital a/c
15. Past adjustments Omission or errors.
16. Written Agreement Partnership deed
17. Interest on drawings Average period method.
18. Partnership deed Stamp act
19. Fixed capital Methods of maintaining Partners capital a/c’s
20. Fluctuating capital method Capital varies year to year
 2. ADMISSION OF A PARTNER

SL.NO A B
1. Reconstitution End of existing agreement.
2. New Partner Right to share assets
3. New Partner Right to share profits
4. Old share-new share Sacrifice ratio
5. Goodwill Sacrifice ratio
6. Reputation of a business Goodwill
7. Super profits Goodwill
8. Capitalized value Goodwill
9. Excess earnings Goodwill
10. Goodwill Nature of business
11. Monopoly condition Goodwill
12. Value of goodwill Average profits method
13. Value of goodwill Super Profits method
14. Value of goodwill Capitalisation Method
15. Intangible assets/Goodwill AS-26
16. Accumulated profits or losses Capita accounts of the partners.
17. Sacrifice ratio Admission of a partner
18. Revaluation A/c Profit and loss adjustment a/c
19. Admission of a partner Reconstitution of partners
20. Hidden goodwill Excess paid over capital balance to paid

3. RETIREMENT AND DEATH OF A PARTNER

SL.NO A B
1. Gain ratio Retiring partner
2. Gain ratio New ratio – old ratio
3. Section 37 of partnership Outgoing partner receive 6% interest.
4. Disposal of amount Transferring to his loan a/c
5. Executors Death of a partner
6. Executor Legal representatives
7. New share old share+ acquired share
8. Gain ratio Acquired by the remaining partners

4. DISSOLUTION OF PARTNERSHIP

SL.NO A B
1. Section 39 of Partnership Dissolution
2. Changes in existing partnership Dissolution of partnership
3. At the suit of a partner Dissolution by court
4. Partnership at will Dissolution by notice
5. Termination of business Dissolution of partnership firm
6. Dissolution of partnership Without the intervention of the court
7. PBD Credited to realization a/c
8. Dissolution expenses Realization a/c
9. Dissolution of partnership Realization a/c
10. Asset taken over Credited to realization a/c
11. Assets realized Cash/bank a/c
12. Assets realized Credited to realization a/c
13. Dissolution of partnership firm All the accounts payable are settled.
14. Partner’s loan Settled by payment on dissolution
15. Un recorded asset Realization A/c
 5. ACCOUNTING FOR SHARE CAPITAL

SL.NO A B
1. Shareholders Real owners of the company
2. Affairs of the company Directors
3. Companies act 2013
4. Company Association of person
5. Company Artificial person
6. Common seal Company signature
7. Body corporate Formed according to the provisions of law
8. Separate law Banking and insurance companies.
9. Perpetual succession Members may come and go.
10. Transferability of shares Public companies
11. Nominal capital Authorised capital
12. Authorised capital Memorandum of association
13. Issued capital Part of authorised capital
14. Not paid amount on calls Calls in arrears.
15. Uncalled capital Portion of the subscribed capital
16. Portion of uncalled capital Reserve capital
17. Winding of the company Reserve capital
18. Available only for creditors Reserve capital
19. Minimum subscription 90%
20. Amount on any call Not exceed 25% of the face value
21. Application money At least 5% of the face value of the share.
22. Due on allotment or calls Calls in arrears.
23. Calls in arrears Interest at 10%
24. Calls in advance Liability of the company
25. Interest on calls in advance 12%
26. Calls in advance Other current liabilities or current liabilities
27. Proportionate allotment Pro-rata allotment
28. Excess of application money Pro-rata allotment
29. Excess of application money Over subscription
30. Securities premium a/c Reserves and surplus
31. Securities premium a/c Write off preliminary expenses
32. Balance of forfeited shares Capital profit
33. Buy back of shares Open market
34. Buy back of shares Odd-lot shareholders
35. Buy back of shares Capital redemption reserve
36. Sweat equity shares Issued at discount.
37. Discount on issue of shares Capital loss
38. Equity Owner’s equity
39. Calls in arrears Unpaid call money
40. Share at premium More than the face value of shares
41. Over subscription More applications than company have
42. Under subscription Less applications than company have
43. Security premium Reserves and Surplus
44. Share issue at par Share sold at face value
45. Equity Shares Normal voting right
46. Forfeiture of shares Cancellation of shares.
47. Prospectus Public company
 6. ISSUE AND REDEMPTION OF DEBENTURES

SL.NO A B
1. Debere which means Borrow
2. Debenture bears Fixed interest
3. Debentures Borrowed capital
4. Bond Acknowledgement of debt
5. Return on debentures interest
6. Debentures Floating charge over assets
7. Unsecured debenture Do not have a specific charge on the assets
8. Irredeemable debentures Perpectual debenture
9. Irredeemable debentures Repayable pm the winding up of a company
10. Coupon rate Specific rate of interest
11. Discount on issue on debentures Capital loss
12. Loss on issue of debentures Revenue loss
13. Coupon rate Specific rate of interest
14. Capital loss Other Non-current assets
15. Collateral security Subsidiary or secondary security
16. Interest on debenture Charge against the profit of the company
17. Capital loss Discount/loss on issue of debenture
18. Writing off discount Fixed/fluctuating instalment method
19. Redemption of debentures DRR
20. Redemption of debentures Out of capital
21. Redemption of debentures Out of profits
22. Redemption of debentures Payment in Lump sum
23. Redemption of debentures Purchase in open market
24. Redemption of debentures Conversion into shares
25. Redemption of debentures Sinking fund method
26. Sinking fund Reserves and Surplus
27. Long term borrowings 5% debentures
28. Coupon rate Interest on debentures
29. Debenture Non-current liability

7. FINANCIAL STATEMENTS OF A COMPANY

SL.NO A B
1. Financial statements Position statement
2. Postulate Basic /Accounting assumptions
3. Going concern postulate Assets are shown on historical cost basis
4. Shareholders fund Money received against share warrants
5. Reserve and surplus Share options outstanding account
6. Deffered tax assets/liabilities IAS-1
7. Cash and cash equivalents IAS-3
8. Owner Internal users
9. Balance sheet Type of Financial statement
10. Land and Building Tangible asset
11. Trade payables Current liability
12. Format of company Balance sheet Schedule III of companies act 2013
13. Financial statement disclose Monetary information
 8. ANALYSIS FINANCIAL STATEMENTS

SL.NO A B
1. Critical evaluation Analysis of financial statements
2. Analysis Simplification of financial data
3. Interpretation Meaning and significance of the data
4. Common size statement Intra/Inter frim comparisons
5. Trend analysis Tool of financial statement analysis
6. Common size statement Component percentage statement
7. Lenders Users of financial statement analysis
8. Financial statement analysis Critical evaluation of financial statement.
9. Income statement Financial statement
10. Analysis of financial statement Financial data

9. ACCOUNTING RATIOS

SL.NO A B
1. Ratio Analysis Simplify complex figures
2. Ratio Analysis Swot Analysis
3. Ignore Qualitative Aspects Ratio Analysis
4. A ratio of two variable Statement of profit and loss ratios
5. Composite ratio One variable from the statement of profit and loss
6. Liquidity ratio Short-term in nature
7. Solvency ratios Contractual obligations
8. Liquidity ratio Short term solvency
9. Solvency ratio’s Long-term in nature
10. Quick ratio Acid test ratio
11. Debt-equity ratio Long term debt and equity.
12. Debt equity ratio Considered to be safe 2:1
13. Capital employed Long term debt + Shareholders funds
14. Proprietary ratio Shareholders fund
15. Interest coverage ratio Servicing of interest on loan
16. Activity ratio Number of times assets employed
17. Inventory turnover ratio Measure of Liquidity
18. Activity ratios Measures of return
19. Profitability ratio Measures of return
20. Lower operating ratio Very healthy sign
21. Current ratio Liquidity ratio
22. Proprietary ratio Solvency ratio
23. Inventory turn over ratio Activity ratio
24. Cost of revenue from operation Revenue from operation-Gross profit
25. Debt equity ratio Solvency ratio
26. Activity ratio’s Efficiency of operation

9. CASH FLOW STATEMENT

SL.NO A B
1. AS-3 Cash flow statement
2. Cash equivalents Short-term highly liquid investments
3. Operating activities Primary or main activities
4. Operating activities Sale of goods and rendering services
5. Cash receipts from royalties Operating activities
6. Cash payment to income taxes Cash flows from operating activities
7. Cash payments to insurance enterprise Operating activities
8. Investing activities Disposal of long term assets
9. Purchase and sale of long term assets Investing activities
10. Purchase of goodwill Investing activities
11. Dividend received from investments Investing activities
12. Long-term funds Financing activities
13. Capital and borrowings Financing activities
14. Issuing equity or preference shares Financing activities
15. Dividend paid Financing activities
16. Procurement of loans Financing activities
17. Purchase of employee benefit expenses Operating activities
18. Purchase of inventory from supplier Operating activities
19. Buy back own equity shares Investing activities
20. Redemption of preference shares Investing activities
21. Loss due to theft/earthquake/flood Extraordinary item
22. Extraordinary items Non-recurring in nature
23. Direct method Gross cash receipts and gross payments
24. Indirect method Net profit or loss
25. Depreciation Non-cash Item
26. Discount on shares Non-cash item
27. Cash flow statement Indirect method
28. Cash From sale of goods Operating activity
29. Interest received in cash Investing activity
30. Cash From sale of asset Investing activity
31. Cash payment to acquire shares Investing activities
32. Cash payment to employees Operating activity