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CBSE XII Sample / Mock 2012 : ACCOUNTANCY with Answers (PaperI)

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SAMPLE QUESTION PAPER ACCOUNTANCY Class - XII Set - I Time Allowed - 3 Hrs. Max. Marks - 80 General Instructions :1. This question paper contains three parts A, B and C. 2. Part A is compulsory for all . 3. Attempt only one part of the remaining parts B and C. 4. All parts of questions should be attempted at one place. Part A Accounting for Not-for-Profit Organisations, Partnership Firms and Companies 1. Not-for-profit organisations have some distinguishing features from that of profit organisations. State any one of them. (1) 2. Alka, Barkha and Charu are partners in a firm having no partnership agreement. Alka, Barkha and Charu contributed Rs. 2,00,000, Rs. 3,00,000 and Rs.1,00,000 respectively. Alka and Barkha desire that the profits should be divided in the ratio of capital contribution. Charu does not agree to this. Is Charu correct? Give reasoning. (1) 3. Give the formula for calculating gaining share of a partner in a partnership firm. 4. Pawan and Jayshree are partners. Bindu is admitted for 1/4th share. What is the ratio in which Pawan and Jayshree will sacrifice their share in favour of Bindu? (1) 5. What is meant by Convertible debentures ? 6. Show the following information in the Balance Sheet of the Cosmos Club as on 31st March, 2007: Particulars (1) Debit Rs. Tournament Expenses 18,000 12,000 Income from Tournament Fund Investment 1,50,000 1,50,000 Tournament Fund Investment Credit Rs. Tournament Fund (1) Additional Information :Interest Accrued on Tournament Fund Investment Rs. 6,000. 7. Shubh Limited has the following balances appearing in its Balance Sheet : 78 (3)

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Additional Info : CBSE Class XII Board Solved Sample / Mock Question Paper 2012 Accountancy with Answers
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