CBSE Class 12 Accountancy Question Paper Solved 2019 Set G. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. State the main aim of a not-for-profit organisation.

OR

How is ‘Life membership fee’ treated while preparing the financial statements of a not-for-profit organisation ?

2. Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 : 2 : 1. Navita died on 30th June, 2017. Her share of profit for the intervening period was based on the sales during that period, which were Rs. 6,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes its books on 31st March every year. Calculate Navita’s share of profit.

3. Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was admitted as a new partner with

1/5 th share in the profits and brought in Rs. 24,000 as her share of goodwill premium that was credited to the capital accounts of Kiya and Leela respectively with Rs.18,000 and Rs.6,000. Calculate the new profit sharing ratio of Kiya, Leela and Kiran.

4. What is meant by ‘Private Placement of Shares’ ?

OR

What is meant by ‘Reserve Capital’ ?

5. A new partner acquires two main rights in the partnership firm which he joins. State one of these rights.

OR

How does ‘Nature of business’ affect the value of goodwill of a firm ?

6. B, C and D were partners in a firm sharing profits and losses in the ratio of 1 : 4 : 5. On 31st March, 2018 the firm was dissolved and on that date the Balance Sheet of the firm showed a loan of < 10,000 given by C’s brother F. C agreed to pay his brother’s loan. Pass necessary journal entry for the above on the firm’s dissolution.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set G.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set H. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. A, B and C were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B retired and his share was taken over by A and C equally. Calculate the gaining ratio.

2. In the absence of a partnership deed, in which ratio do the old partners sacrifice their share of profit in case of admission of a new partner ?

OR

Give any two circumstances in which sacrificing ratio may be applied.

3. Why are adjustments for outstanding and prepaid expenses not recorded in Receipts and Payments Account ?

OR

Distinguish between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Depreciation’.

4. In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the other partners ?

5. Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’s loan was Rs. 45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?

6. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.

OR

What is meant by Preference Shares ?

7. Vinod Limited has 30,000, 12% Debentures of Rs. 100 each due for redemption on 31st March, 2018. Debenture Redemption Reserve has a balance of Rs. 7,50,000 on 31st March, 2017 and the company had purchased the required investments on 30th April, 2017.

Pass necessary journal entries for redemption of debentures on 31st March, 2018. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set H.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set I. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. S, T and U were partners in a firm. They admitted V as a new partner. S and T sacrificed  1/3 rd and ¼  th of their share respectively in favour of V. Calculate the new profit sharing ratio of S, T, U and V.

2. Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’s loan was Rs. 45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?

3. In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the other partners ?

4. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.

OR

What is meant by Preference Shares ?

5. Why are adjustments for outstanding and prepaid expenses not recorded in Receipts and Payments Account ?

OR

Distinguish between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Depreciation’.

6. In the absence of a partnership deed, in which ratio do the old partners sacrifice their share of profit in case of admission of a new partner ?

OR 

Give any two circumstances in which sacrificing ratio may be applied. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set I.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set J. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the  other partners ?

2. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.

OR

What is meant by Preference Shares ?

3. In the absence of a partnership deed, in which ratio do the old partners  sacrifice their share of profit in case of admission of a new partner ?

OR

Give any two circumstances in which sacrificing ratio may be applied.

4. Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’s loan was Rs.  45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?

5. Why are adjustments for outstanding and prepaid expenses not recorded in Receipts and Payments Account ?

OR

Distinguish between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Depreciation’.

6. What is meant by ‘mutual agency’ in case of partnership ?

7. Nano Ltd. purchased assets of Dow Ltd. for Rs.  3,00,000. It also agreed to take over the liabilities of Dow Ltd. amounting to Rs.  50,000 for a purchase consideration of Rs. 2,75,000. The payment to Dow Ltd. was made by issue of 8% Debentures of Rs.  50 each at a premium of 10%. Pass necessary journal entries for the above transactions in the books of Nano Ltd.

OR

On 1st April, 2014, a limited company issued Rs. 4,00,000, 9% debentures at 93%, repayable by draw of lots in two equal instalments starting from 31st March, 2017. Prepare Discount o on Issue of Debentures Account from 1st April, 2014 to 31st March, 2016. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set J.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set K. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. Differentiate between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Period’.

OR

What is meant by ‘Life membership fees’ ?

2. Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings.

3. A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and D were admitted as new partners. A sacrificed 1/4 th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit sharing ratio of A, B, C and D.

4. Distinguish between ‘Reconstitution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Closure of books’.

OR

State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death.

5. What is meant by ‘Issue of Debentures as Collateral Security’ ?

OR

State the provision of the Companies Act, 2013 for the creation of Debenture Redemption Reserve.

6. State any two grounds on the basis of which court may order for the dissolution of partnership firm.

7. What is meant by ‘over-subscription’ of shares ? With the help of an example, briefly explain the alternatives available for allotment of shares in case of over-subscription.

OR

What is meant by ‘Forfeiture of shares’ ? When does ‘gain on forfeited shares’ arise and when is it transferred to capital reserve ?

8. Aman, Bimal and Deepak are partners sharing profits in the ratio of 2 : 3 : 5. The goodwill of the firm has been valued at Rs. 37,500. Aman retired. Bimal and Deepak decided to share profits equally in future. Calculate gain/sacrifice of Bimal and Deepak on Aman’s retirement and also pass necessary journal entry for the treatment of goodwill.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set K.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set L. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. What is meant by ‘Issue of Debentures as Collateral Security’ ?

OR

State the provision of the Companies Act, 2013 for the creation of Debenture Redemption Reserve.

2. Distinguish between ‘Reconstitution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Closure of books’.

OR

State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death.

3. Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings.

4. A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and D were admitted as new partners. A sacrificed 1/4 th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit sharing ratio of A, B, C and D.

5. Differentiate between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Period’.

OR

What is meant by ‘Life membership fees’ ?

6. Distinguish between ‘Dissolution of partnership’ and ‘Dissolution of partnership firm’ on the basis of settlement of assets and liabilities.

7. What is meant by ‘over-subscription’ of shares ? With the help of an example, briefly explain the alternatives available for allotment of shares in case of over-subscription.

OR

What is meant by ‘Forfeiture of shares’ ? When does ‘gain on forfeited shares’ arise and when is it transferred to capital reserve ?

8. A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. On 1st April, 2018 they admitted D as a new partner. D brought Rs. 2,00,000 for his capital and Rs.24,000 for his share of goodwill premium. The new profit sharing ratio between A, B, C and D will be 1 : 2 : 1 : 1. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set L.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set M. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and D were admitted as new partners. A sacrificed ¼  th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit

sharing ratio of A, B, C and D.

2. Distinguish between ‘Reconstitution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Closure of books’.

OR

State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death.

3. What is meant by ‘Issue of Debentures as Collateral Security’ ?

OR

State the provision of the Companies Act, 2013 for the creation of Debenture Redemption Reserve.

4. Differentiate between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Period’.

OR

What is meant by ‘Life membership fees’ ?

5. Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings.

6. State any two situations when a partnership firm may be compulsorily dissolved.

7. What is meant by ‘over-subscription’ of shares ? With the help of an example, briefly explain the alternatives available for allotment of shares in case of over-subscription.

OR

What is meant by ‘Forfeiture of shares’ ? When does ‘gain on forfeited shares’ arise and when is it transferred to capital reserve ? 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set M.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set N. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organisations, Partnership Firms and Companies)

1. A not-for-profit organisation prepares three financial statements, one of which is the Income and Expenditure Account. Name the other two financial statements prepared by it.

OR

State the basis of preparing ‘Income and Expenditure Account’.

2. S, B and J were partners in a firm. T was admitted as a partner in the partnership firm for  1/5 th share of profits. Calculate the sacrificing ratio of S, B and J.

3. At the time of dissolution of a partnership firm, the book value of sundry assets transferred to Realisation Account was Rs.2,00,000. 50% of these sundry assets were taken by partner A at 20% discount, 40% of remaining assets were sold at a profit of 30% on cost. 5% of the balance was found obsolete and realised nothing. The remaining assets were taken over by a creditor in full settlement of his claim. Pass necessary journal entries for the above.

4. Give the accounting entry for unrecorded assets in case of reconstitution of a partnership firm.

5. What is meant by ‘Reserve Capital’ ?

OR

Name the sources that may be available for redemption of debentures.

6. State the two situations under which interest on capital is generally provided.

OR

Distinguish between Fixed Capital Account and Fluctuating Capital Account on the basis of ‘Credit Balance’.

7. State any three purposes other than ‘writing off the preliminary expenses of the company’ for which Securities Premium Reserve can be utilised.

OR

Using imaginary figures, present the share capital of a company in its Balance Sheet according to the provisions of Schedule III of the Companies Act, 2013. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set N.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set O. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organisations,Partnership Firms and Companies)

1. State the two situations under which interest on capital is generally provided.

OR

Distinguish between Fixed Capital Account and Fluctuating Capital Account on the basis of ‘Credit Balance’.

2. What is meant by ‘Reserve Capital’ ?

OR

Name the sources that may be available for redemption of debentures.

3. A not-for-profit organisation prepares three financial statements, one of which is the Income and Expenditure Account. Name the other two financial statements prepared by it.

OR

State the basis of preparing ‘Income and Expenditure Account’.

4. At the time of dissolution of a partnership firm, the book value of sundry assets transferred to Realisation Account was Rs. 2,00,000. 50% of these sundry assets were taken by partner A at 20% discount, 40% of remaining assets were sold at a profit of 30% on cost. 5% of the balance was found obsolete and realised nothing. The remaining assets were taken over by a creditor in full settlement of his claim. Pass necessary journal entries for the above.

5. S, B and J were partners in a firm. T was admitted as a partner in the partnership firm for  1/5  th share of profits. Calculate the sacrificing ratio of S, B and J.

6. Give the accounting entry for an unrecorded liability in case of reconstitution of a partnership firm. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set O.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set F. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. What is meant by ‘Private Placement of Shares’ ?

OR

What is meant by ‘Reserve Capital’ ?

2. Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was admitted as a new partner with 1/5 th share in the profits and brought in Rs. 24,000 as her share of goodwill premium that was credited to the capital accounts of Kiya and Leela respectively with Rs.18,000 and Rs. 6,000. Calculate the new profit sharing ratio of Kiya, Leela and Kiran.

3. Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 : 2 : 1. Navita died on 30th June, 2017. Her share of profit for the intervening period was based on the sales during that period, which were RS. 6,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes its books on 31st March every year. Calculate Navita’s share of profit.

4. State the main aim of a not-for-profit organisation.

OR

How is ‘Life membership fee’ treated while preparing the financial statements of a not-for-profit organisation ?

5. A new partner acquires two main rights in the partnership firm which he joins. State one of these rights.

OR 

How does ‘Nature of business’ affect the value of goodwill of a firm ? 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set F.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set G. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. State the main aim of a not-for-profit organisation.

OR

How is ‘Life membership fee’ treated while preparing the financial statements of a not-for-profit organisation ?

2. Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 : 2 : 1. Navita died on 30th June, 2017. Her share of profit for the intervening period was based on the sales during that period, which were Rs. 6,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes its books on 31st March every year. Calculate Navita’s share of profit.

3. Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was admitted as a new partner with

1/5 th share in the profits and brought in Rs. 24,000 as her share of goodwill premium that was credited to the capital accounts of Kiya and Leela respectively with Rs.18,000 and Rs.6,000. Calculate the new profit sharing ratio of Kiya, Leela and Kiran.

4. What is meant by ‘Private Placement of Shares’ ?

OR

What is meant by ‘Reserve Capital’ ?

5. A new partner acquires two main rights in the partnership firm which he joins. State one of these rights.

OR

How does ‘Nature of business’ affect the value of goodwill of a firm ?

6. B, C and D were partners in a firm sharing profits and losses in the ratio of 1 : 4 : 5. On 31st March, 2018 the firm was dissolved and on that date the Balance Sheet of the firm showed a loan of < 10,000 given by C’s brother F. C agreed to pay his brother’s loan. Pass necessary journal entry for the above on the firm’s dissolution.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set G.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set H. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. A, B and C were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B retired and his share was taken over by A and C equally. Calculate the gaining ratio.

2. In the absence of a partnership deed, in which ratio do the old partners sacrifice their share of profit in case of admission of a new partner ?

OR

Give any two circumstances in which sacrificing ratio may be applied.

3. Why are adjustments for outstanding and prepaid expenses not recorded in Receipts and Payments Account ?

OR

Distinguish between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Depreciation’.

4. In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the other partners ?

5. Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’s loan was Rs. 45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?

6. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.

OR

What is meant by Preference Shares ?

7. Vinod Limited has 30,000, 12% Debentures of Rs. 100 each due for redemption on 31st March, 2018. Debenture Redemption Reserve has a balance of Rs. 7,50,000 on 31st March, 2017 and the company had purchased the required investments on 30th April, 2017.

Pass necessary journal entries for redemption of debentures on 31st March, 2018. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set H.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set I. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. S, T and U were partners in a firm. They admitted V as a new partner. S and T sacrificed  1/3 rd and ¼  th of their share respectively in favour of V. Calculate the new profit sharing ratio of S, T, U and V.

2. Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’s loan was Rs. 45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?

3. In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the other partners ?

4. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.

OR

What is meant by Preference Shares ?

5. Why are adjustments for outstanding and prepaid expenses not recorded in Receipts and Payments Account ?

OR

Distinguish between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Depreciation’.

6. In the absence of a partnership deed, in which ratio do the old partners sacrifice their share of profit in case of admission of a new partner ?

OR 

Give any two circumstances in which sacrificing ratio may be applied. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set I.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set J. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the  other partners ?

2. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.

OR

What is meant by Preference Shares ?

3. In the absence of a partnership deed, in which ratio do the old partners  sacrifice their share of profit in case of admission of a new partner ?

OR

Give any two circumstances in which sacrificing ratio may be applied.

4. Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’s loan was Rs.  45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?

5. Why are adjustments for outstanding and prepaid expenses not recorded in Receipts and Payments Account ?

OR

Distinguish between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Depreciation’.

6. What is meant by ‘mutual agency’ in case of partnership ?

7. Nano Ltd. purchased assets of Dow Ltd. for Rs.  3,00,000. It also agreed to take over the liabilities of Dow Ltd. amounting to Rs.  50,000 for a purchase consideration of Rs. 2,75,000. The payment to Dow Ltd. was made by issue of 8% Debentures of Rs.  50 each at a premium of 10%. Pass necessary journal entries for the above transactions in the books of Nano Ltd.

OR

On 1st April, 2014, a limited company issued Rs. 4,00,000, 9% debentures at 93%, repayable by draw of lots in two equal instalments starting from 31st March, 2017. Prepare Discount o on Issue of Debentures Account from 1st April, 2014 to 31st March, 2016. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set J.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set K. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. Differentiate between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Period’.

OR

What is meant by ‘Life membership fees’ ?

2. Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings.

3. A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and D were admitted as new partners. A sacrificed 1/4 th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit sharing ratio of A, B, C and D.

4. Distinguish between ‘Reconstitution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Closure of books’.

OR

State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death.

5. What is meant by ‘Issue of Debentures as Collateral Security’ ?

OR

State the provision of the Companies Act, 2013 for the creation of Debenture Redemption Reserve.

6. State any two grounds on the basis of which court may order for the dissolution of partnership firm.

7. What is meant by ‘over-subscription’ of shares ? With the help of an example, briefly explain the alternatives available for allotment of shares in case of over-subscription.

OR

What is meant by ‘Forfeiture of shares’ ? When does ‘gain on forfeited shares’ arise and when is it transferred to capital reserve ?

8. Aman, Bimal and Deepak are partners sharing profits in the ratio of 2 : 3 : 5. The goodwill of the firm has been valued at Rs. 37,500. Aman retired. Bimal and Deepak decided to share profits equally in future. Calculate gain/sacrifice of Bimal and Deepak on Aman’s retirement and also pass necessary journal entry for the treatment of goodwill.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set K.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set L. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. What is meant by ‘Issue of Debentures as Collateral Security’ ?

OR

State the provision of the Companies Act, 2013 for the creation of Debenture Redemption Reserve.

2. Distinguish between ‘Reconstitution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Closure of books’.

OR

State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death.

3. Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings.

4. A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and D were admitted as new partners. A sacrificed 1/4 th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit sharing ratio of A, B, C and D.

5. Differentiate between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Period’.

OR

What is meant by ‘Life membership fees’ ?

6. Distinguish between ‘Dissolution of partnership’ and ‘Dissolution of partnership firm’ on the basis of settlement of assets and liabilities.

7. What is meant by ‘over-subscription’ of shares ? With the help of an example, briefly explain the alternatives available for allotment of shares in case of over-subscription.

OR

What is meant by ‘Forfeiture of shares’ ? When does ‘gain on forfeited shares’ arise and when is it transferred to capital reserve ?

8. A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. On 1st April, 2018 they admitted D as a new partner. D brought Rs. 2,00,000 for his capital and Rs.24,000 for his share of goodwill premium. The new profit sharing ratio between A, B, C and D will be 1 : 2 : 1 : 1. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set L.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set M. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and D were admitted as new partners. A sacrificed ¼  th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit

sharing ratio of A, B, C and D.

2. Distinguish between ‘Reconstitution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Closure of books’.

OR

State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death.

3. What is meant by ‘Issue of Debentures as Collateral Security’ ?

OR

State the provision of the Companies Act, 2013 for the creation of Debenture Redemption Reserve.

4. Differentiate between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Period’.

OR

What is meant by ‘Life membership fees’ ?

5. Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings.

6. State any two situations when a partnership firm may be compulsorily dissolved.

7. What is meant by ‘over-subscription’ of shares ? With the help of an example, briefly explain the alternatives available for allotment of shares in case of over-subscription.

OR

What is meant by ‘Forfeiture of shares’ ? When does ‘gain on forfeited shares’ arise and when is it transferred to capital reserve ? 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set M.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set N. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organisations, Partnership Firms and Companies)

1. A not-for-profit organisation prepares three financial statements, one of which is the Income and Expenditure Account. Name the other two financial statements prepared by it.

OR

State the basis of preparing ‘Income and Expenditure Account’.

2. S, B and J were partners in a firm. T was admitted as a partner in the partnership firm for  1/5 th share of profits. Calculate the sacrificing ratio of S, B and J.

3. At the time of dissolution of a partnership firm, the book value of sundry assets transferred to Realisation Account was Rs.2,00,000. 50% of these sundry assets were taken by partner A at 20% discount, 40% of remaining assets were sold at a profit of 30% on cost. 5% of the balance was found obsolete and realised nothing. The remaining assets were taken over by a creditor in full settlement of his claim. Pass necessary journal entries for the above.

4. Give the accounting entry for unrecorded assets in case of reconstitution of a partnership firm.

5. What is meant by ‘Reserve Capital’ ?

OR

Name the sources that may be available for redemption of debentures.

6. State the two situations under which interest on capital is generally provided.

OR

Distinguish between Fixed Capital Account and Fluctuating Capital Account on the basis of ‘Credit Balance’.

7. State any three purposes other than ‘writing off the preliminary expenses of the company’ for which Securities Premium Reserve can be utilised.

OR

Using imaginary figures, present the share capital of a company in its Balance Sheet according to the provisions of Schedule III of the Companies Act, 2013. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set N.

CBSE Class 12 Accountancy Question Paper Solved 2019 Set O. Students can download the last year board exams question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.

PART A

(Accounting for Not-for-Profit Organisations,Partnership Firms and Companies)

1. State the two situations under which interest on capital is generally provided.

OR

Distinguish between Fixed Capital Account and Fluctuating Capital Account on the basis of ‘Credit Balance’.

2. What is meant by ‘Reserve Capital’ ?

OR

Name the sources that may be available for redemption of debentures.

3. A not-for-profit organisation prepares three financial statements, one of which is the Income and Expenditure Account. Name the other two financial statements prepared by it.

OR

State the basis of preparing ‘Income and Expenditure Account’.

4. At the time of dissolution of a partnership firm, the book value of sundry assets transferred to Realisation Account was Rs. 2,00,000. 50% of these sundry assets were taken by partner A at 20% discount, 40% of remaining assets were sold at a profit of 30% on cost. 5% of the balance was found obsolete and realised nothing. The remaining assets were taken over by a creditor in full settlement of his claim. Pass necessary journal entries for the above.

5. S, B and J were partners in a firm. T was admitted as a partner in the partnership firm for  1/5  th share of profits. Calculate the sacrificing ratio of S, B and J.

6. Give the accounting entry for an unrecorded liability in case of reconstitution of a partnership firm. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set O.

CBSE Class 12 Accountancy Sample Paper 2020 Solved Set C. It’s always recommended to practice as many sample papers as possible before the examinations. Students can download the sample papers and also question papers of previous years to practice and score better marks in examinations. Refer to other links too for more sample papers.

1 Can paid up capital of a company be more than the issued capital? Give reasons.

2 What is the maximum discount permissible at time of reissue of forfeited shares if shares were originally issued at par?

3 Credit balance of partner’s current a/c is shown on which side of the balance sheet?

4 In which account interest on partner’s loan is debited and why?

5 XYZ Ltd. has a paid – up share capital of Rs. 60,00,000 and a balance of Rs. 15,00,000 in the Securities Premium Reserve account. The company management does not want to carry over this balance. State any one purpose for which this balance can be utilisied.

6 Provision for depreciation Rs. 3,10,000; Employees Provident Fund Rs. 58,000 and Provision for discount on debtors Rs. 12,000 has been transferred to the credit side of realisation a/c. For which item the payment is to be made by the firm?

7 What do you understand by reserve capital?

8 X and Y are partners sharing profits and losses in the ratio 5:3. They admitted Z for 1/5th share in profits, for which he paid Rs.60,000 as capital and Rs. 30,000 against goodwill. Find the capital balance for each partner taking Z’s capital as base capital.

9 A , B and C are partners sharing profits and losses in the ratio of 5:3:2. On 1st April 2013, B retires with A and C agreeing the share profits in future in the ratio of 3:2

(i) Find the gaining ratio

(ii) B’s share after making adjustments for reserves and profits on revaluation amounts to Rs.37,000 but he is paid Rs. 40,000. Identify the item for which he is paid Rs.3,000 more. Also pass a journal entry for same.

10 State any three conditions that must be fulfilled by a company to issue shares at a discount.

11 What Journal entries would be passed for the following transactions on the dissolution of a partnership firm, after transferring assets (other than cash) and third party liabilities to the Realisation a/c?

(i) Z, an old customer, whose account for Rs. 10,000 was written off as bad in the previous year, paid 60%.

(ii) Expenses of realisation Rs. 9,400 were borne by Khan, a partner. Khan used firm’s cash for paying these expenses.

(iii) Bank Overdraft transferred to Realisation a/c at Rs. 20,000 was taken over by Moshim, a partner including Rs. 1,000 as interest.

12 A and B are equal partners. They decided to admit C for 1/3rd share. A surrendered 1/3rd of his share in favour of C and B gave 1/6th from his share in favour of C.

The following information is given :

(i) Average capital employed Rs. 1,00,000 

Please click the link below to download CBSE Class 12 Accountancy Sample Paper 2020 Solved Set C