Trending ▼   ResFinder  

Class 12 CBSE Pre Board 2016 : Accountancy (Kendriya Vidyalaya (KV) No. 1, Salt Lake)

21 pages, 0 questions, 0 questions with responses, 0 total responses,    0    0
CBSE 12 Pre Boards
  
+Fave Message
 Home > cbse12_pre_boards >   F Also featured on: School Page

Formatting page ...

SAMPLE QUESTION PAPER ACCOUNTANCY (055) CLASS-XII 2016 Time allowed Three hours Max Marks 80 General Instructions: 1) This question paper contains two parts A and B. 2) Part A is compulsory for all. 3) Part B has two options-Financial statements Analysis and Computerized Accounting. 4) Attempt only one option of Part B. 5) All parts of a question should be attempted at one place. PART A: ACCOUNTING FOR PARTNERSHIP FIRMS AND COMPANIES Q1. Q2. A, B and C are the partners sharing profits and losses in the ratio of 5:3:2. C retired and his capital balance after adjustments regarding Reserves, Accumulated profits/ losses and gain/loss on revaluation was 2,50,000. C was paid 3,00,000 in full settlement. Afterwards D was admitted for 1/4th share . Calculate the amount of goodwill premium brought by D. Sol: Goodwill share of C= 3,00,000- 2,50,000= 50,000 Firm s Goodwill= 50,000x10/2= 2,50,000 D s share in Goodwill= 2,50,000x1/4= 62,500 A and B were partners in a firm. They admitted C as a new partner for 20% share in the profits. After all adjustments regarding general reserve, goodwill, gain or loss on revaluation, the balances in capital accounts of A and B were 3,85,000 and 4,15,000 respectively. C brought proportionate capital so as to give him 20% share in the profits. Calculate the amount of capital to be brought by C. (1) (1) Sol: Combined capital of A and B = 3,85,000+ 4,15,000= 8,00,000 C s Share= 1/5th of total capital Remaining share= 1-1/5=4/5 4/5= 8,00,000 C s capital= 8,00,000x5/4x1/5= 2,00,000 Q3. Q4. A and B are partners. The net divisible profit as per Profit and Loss Appropriation A/c is 2,50,000. The total interest on partner s drawing is 4,000. A s salary is 4,000 per quarter and B s salary is 40,000 per annum. Calculate the net profit/loss earned during the year. Sol. Net Profit during the year = Divisible profits + Salary to partners Interest on Drawings = 2,50,000 + 16,000 + 40,000 4000 = 3,02,000 ABC Ltd. Purchased for cancellation its own 5,000, 9% Debentures of 100 each for 95 per debenture. The brokerage charges 15,000 were incurred. Calculate the amount to be transferred to capital reserve. Sol.Amount paid for 5,000 Debentures= 4,75,000+15,000= 4,90,000 The nominal value of debentures to be redemption/cancelled= 5,00,000 Amount of profit on redemption to be transferred to capital reserve= 5,00,000- 4,90,000= 10,000 (1) (1)

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

 

  Print intermediate debugging step

Show debugging info


 


Tags : cbse pre boards, prelims 2015 - 2016, preliminary examinations, central board of secondary education, india schools, free question paper with answers, twelfth standard, xiith std, board exams, mock, model, sample, specimen, past, free guess papers.india, delhi, outside delhi, foreign, cbse class xii, cbse 12, 12th standard, cbse papers, cbse sample papers, cbse books, portal for cbse india, cbse question bank, cbse question papers with answers, pre board exam papers, cbse model test papers, solved board question papers of cbse last year, previous years solved question papers, free online cbse solved question paper, cbse syllabus, india cbse board sample questions papers, last 10 years cbse questions papers, cbse important questions, specimen / mock papers.  

© 2010 - 2020 ResPaper. Terms of ServiceContact Us Advertise with us

 

ICSE Q&A - Ask and Answer
cbse12_pre_boards chat