Karnataka 2nd PUC Accounts 2 Marks Important Questions 2025

Accounting for Partnership-Basic Concepts

1. Define Partnership.
2. Explain a partnership deed.
3. Mention two specific aspects of partnership accounts.
4. Difference between fixed and fluctuating capital methods.
5. What is meant by past adjustments?

Reconstitution of a Partnership Firm

1. Define Gain Ratio.
2. Discuss any two circumstances for a partner’s retirement.
3. State any two disposals of the amount as a result of a partner’s retirement.
4. What can be ways to settle claims of a deceased partner? Mention any two.
5. What do you mean by accrued profit?

Accounting for Share Capital

1. What is meant by a company?
2. Define prospectus.
3. What are the two methods of issue of shares?
4. Mention any two categories of share capital.
5. Discuss any two features of a company.

Financial Statements of Company

1. How are current assets different from non-current assets?
2. Discuss the ways in which you will disclose the given items in the balance sheet of a company: a) Loose Tools b) Proposed Dividends
3. What is meant by a financial statement?
4. What are the benefits of financial statements?
5. State any two objectives of financial statements.

Cash Flow Statement 

1. What are investing activities?
2. Define cash flow statements
3. What are the uses of cash flow statements?
4. Mention two activities that can be classified as AS-3.
5. Mention any two objectives of the cash flow statement.