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Old January 31st, 2014, 11:48 AM
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Will you please provide the Accountancy question paper of CBSE 12th Board Exam?

CBSE(Central Board Of Secondary Education) is the board of school education for public and private schools. Its headquarter is sitiuated at New Delhi, India.

CBSE Exam Pattern:
The paper will contain total 18 questions.
09 questions containing 1-2 marks each
06 questions containing 03 marks each (Short answer type)
03 questions containing 05 marks each (Long answer type)

List of few questions of Accountany paper is given below:
Q. What is meant by issue of debentures as a collateral security?

Q. What rate of interest the company pays on calls - in advance if, it has not prepared its own Articles of Association’

Q. Give the journal entry to distribute workman compensation Reserve' of Rs. 60,000 at the time of retirement of sajjan. when there is no claim against it.The firm has three partners Rajat, Sajjan and Kavita

Q. What is meant by ‘securities premium’?

Q. Name the account which is opened to credit the share of profit of the deceased partner. till the time of his death to his capital account.

Q. State the ratio in which the partners share profits or losses on revaluation on of assets and liabilities, when there is a change in profit sharing ratio amongst existing partner?

Q. When the partner capitals are fixed. where the drawings made by a partner will be recorded?

1. When the partner capitals are fixed, where the drawings made by a partner will be
recorded?

2. State the ratio in which the partners share profits or losses on revaluation of assets
and liabilities, when there is a change in profit sharing ratio amongst existing
partners?

3. Name the account which is opened to credit the share of profit of the deceased
partner, till the time of his death to his capital account.

4. Give the journal entry to distribute ‘Workmen Compensation Reserve’ of Rs. 60,000
at the time of retirement of Sajjan, when there is no claim against it. The firm has
three partners Rajat, Sajjan and Kavita.

5. What is meant by securities premium?

6. What rate of interest the company pays on calls in advance if, it has not prepared its
own Articles of Association?

7. What is meant by issue of debentures as a collateral security?

8. Mona, Nisha and Priyanka are partners in a firm. They contributed Rs. 50,000 each as
capital three years ago. At that time Priyanka agreed to look after the business as
Mona and Nisha were busy. The profits for the past three years were Rs. 15,000, Rs.
25,000 and Rs. 50,000 respectively. While going through the books of accounts
Mona noticed that the profit had been distributed in the ratio of 1:1:2. When she
enquired from Priyanka about this. Priyanka answered that since she looked after
the business she should get more profit. Mona disagreed and it was decided to
distribute profit equally retrospectively for the past three years.
i) You are required to make necessary corrections in the books of accounts of
Mona, Nisha and Priyanka by passing an adjustment entry.
ii) Identify the value which was not practiced by Priyanka while distributing
profits.

9. Pass the necessary journal entries for issue of 1,000, 7% Debentures of Rs. 100 each
in the following cases:
i) Issued at 5% premium redeemable at a premium of 10%
ii) Issued at discount of 5% redeemable at par.

10. Taneja Constructions Ltd has an outstanding balance of Rs. 5,00,000, 7% Debentures
of Rs. 100 each redeemable at a premium of 10%. According to the terms of
redemption, the company redeemed 30% of the above debentures by converting
them into shares of Rs. 50 each at a premium of 20%. Record the entries for
redemption of debentures in the books of Taneja Constructions Ltd.

11. Abhay and Beena are partners in a firm. They admit Chetan as a partner with 1/4th
share in the profits of the firm. Chetan brings Rs. 2,00,000 as his share of capital. The
value of the total assets of the firm is Rs.5,40,000 and outside liabilities are valued at
Rs.1,00,000
on that date. Give necessary entry to record goodwill at the time of Chetan’s
admission. Also show your working notes.

12. Naresh, David and Aslam are partners sharing profits in the ratio of 5 : 3 : 7. On April
1st, 2012. Naresh gave a notice to retire from the firm. David and Aslam decided to
share future profits in the ratio of 2 : 3. The adjusted capital accounts of David and
Aslam show a balance of Rs. 33,000 and Rs. 70,500 respectively. The total amount to
be paid to Naresh is Rs. 90,500. This amount is to be paid by David and Aslam in such
a way that their capital become proportionate to their new profit sharing ratio. Pass
necessary journal entries for the above transactions in the books of the firm. Show
your working clearly.

13. Madhav Ltd. Issued fully paid equity shares of Rs. 80 each at a discount of Rs. 5 per
share for the purchase of a running business from Gupta Bros. for a sum of
Rs.15,00,000
The assets and liabilities consisted of following:
Plant Rs.5,00,000; Trucks Rs.7,00,000; Stock Rs.3,00,000; Machinery Rs.6,00,000; and
Sundry creditors Rs.5,00,000.
You are required to pass necessary journal entries for the above transactions in the
books of Madhav Ltd.

14. The authorized capital Suhani Ltd. is Rs. 45,00,000 divided into 30,000 shares of Rs.
150 each. Out of these company issued 15,000 shares of Rs. 150 each at a premium
of Rs. 10 per share. The amount was payable as follow:
Rs. 50 per share on application, Rs. 40 per share on allotment (including premium),
Rs.30 per share on first call and balance on final call. Public applied for 14,000
shares. All the money was duly received.
Prepare an extract of Balance Sheet of Suhani Ltd. as per Revised Schedule VI Part –
1 of the Companies Act 1956 disclosing the above information. Also prepare note to
accounts for the same.

15. A and B entered into partnership on 1st April, 2011 contributing Rs. 5,00,000 and Rs.
6,00,000 respectively. They agreed to share profits and losses in the ratio of 2 : 3.
Following information is provided regarding the partnership.
i) B is allowed a salary of Rs. 10,000 per quarter.
ii) Interest is to be allowed on capitals @ 8% p.a. and charged on drawings at
10% p.a.
Drawings of A and B during year were Rs. 30,000 and Rs. 50,000 respectively. Profit
for the year ended 31st March, 2012 before the above mentioned adjustments was
Rs. 2,14,000. Prepare Profit and Loss Appropriation A/c and Partner’s capital A/c.

For more questions,here I am giving attachment
Attached Files Available for Download
File Type: pdf CBSE 12th Commerce Board Exam Question Paper.pdf (141.7 KB, 72 views)

Last edited by Aakashd; May 30th, 2019 at 02:12 PM.
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  #2  
Old February 3rd, 2015, 10:41 AM
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Join Date: Nov 2011
Default Re: CBSE 12th Commerce Board Exam Question Paper

CBSE Class 12 Commerce subject contains following topics:

Math
Relations and Functions
Inverse Trigonometric Functions
Matrices
Determinants
Continuity and Differentiability
Application of Derivatives

English
Articles
Nouns
Pronouns
Adjectives
Adverbs
Verbs

Economics
Introduction
Theory of Consumer Behaviour
Production and Costs
The Theory of The Firm Under Perfect Competition
Market Equilibrium
Non-Competitive Markets

Accountancy
Accounting for Partnership : Basic Concepts
Reconstitution of a Partnership Firm - Admission of a Partner
Reconstitution of a Partnership Firm - Retirement/Death of a Partner
Dissolution of Partnership Firm
Accounting for Share Capital
Issue and Redemption of Debentures







Here is the attachment for CBSE 12th Accountancy question paper:
Attached Files Available for Download
File Type: pdf CBSE 12th Accountancy question paper.pdf (1.27 MB, 91 views)
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