Trending ▼   ResFinder

# CBSE XII Pre Boards 2015 : ACCOUNTANCY with Answers (KV Chennai)

9 pages, 42 questions, 27 questions with responses, 28 total responses,    0    0
 Kendriya Vidyalaya Air Force Stn Sulur Kendriya Vidyalaya Air Force...,  Sulur, Coimbatore +Fave Message ProfileTimelineUploads
 Home > kv_kendriya_vidyalaya_sulur >   F Also featured on: kv_kendriya_vidyalaya_iitchennai

Formatting page ...

KENDRIYA VIDYALAYA SANGATHAN, CHENNAI REGION CLASS XII-COMMON PRE BOARD EXAMINATION-2014-2015 SUBJECT:ACCOUNTANCY TIME ALLOTTED: 3 HOURS MAX.MARKS:80 General Instructions: I. This question paper contains two parts A and B ii. All parts of questions should be attempted at one place. iii. Marks are indicated against each question. PART-A (PARTNERSHIP AND COMPANY ACCOUNTS) G D P C A (1) 2. State the formula for valuation of Goodwill on the basis of Capitalization of Average Profits (1) 3. How do you treat the Goodwill appearing in Balance sheet when a partner retires from the firm? (1) H Partnership firm? B S e time of Dissolution of (1) 5. Distinguish between Capital Reserve and Reserve Capital. (1) 6. What do you mean by Participating Preference shares? (1) 7. X Ltd. issued 50,000, 10% Debentures of Rs.100/- each on 1st April 2013 redeemable at par on 30th June 2014. How much amount of Debenture redemption reserve is to be created before the redemption is carried out as per SEBI guidelines? (1) 8. Bat and Ball are partners sharing the profits in the ratio of 2:3 with capitals of Rs.1,20,000 and Rs.60,000 respectively. On 1st October 2013, Bat and Ball granted loans of Rs.2,40,000 and Rs.1,20,000 respectively to the firm. The losses for the year ended 31st March, 2014 before any interest amounted to Rs.9,000. Show the distribution of profit or Loss. (3) 9. Pass Journal entries to record the following issues. (a) E Ltd. issues Rs.60,00,000, 12% Debentures of Rs.100 each at a discount of 5% repayable at a premium of 10% at the end of 5 years. (b) F Ltd. issues Rs.7,00,000, 12% Debentures of Rs.100 each at premium of 5% redeemable at 110% at the end of 10 years. (3) 10. India textiles corporation Ltd. has outstanding Rs.50,00,000, 9% Debentures divided into debenture of Rs.100 each due for redemption on 31st March, 2012. Pass Journal entries regarding redemption assuming that there is a balance of Rs.3,00,000 in Debenture Redemption Reserve on the date of redemption. (3) 11. State the purposes for which Securities Premium Reserve can be utilized? 1 (4)

Formatting page ...

Top Contributors
to this ResPaper

 Savio Bastian(24) jellokuttan19(3) Rikhil Gupta(1)

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Tags : kendriya vidyalaya kv air force station sulur, coimbatore, tamil nadu, chennai, cbse pre boards, prelims preliminary exams, cbse specimen / guess / mock papers / books, cbse india portal, central board for secondary education, answer keys, top schools, cbse question bank, cbse model test papers with answers, solved question papers of cbse last year, previous years papers with solutions, free download pdf online cbse paper, cbse syllabus, pattern, dates notification, application forms, india cbse board sample last 10 years, clat important questions preparation, how to prepare, 2015, 2014.