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Old April 30th, 2014, 05:49 PM
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Can you please give me the Central Board of Secondary Education class 12th Accountancy previous years question papers as my exams are near?

As you want to get the Central Board of Secondary Education class 12th Accountancy previous years question papers so here is the information of the same for you:

Some content of the file has been given here:

Please check that this question paper contains 19 printed pages.
Code number given on the right hand side of the question paper should be written on the
title page of the answer-book by the candidate.
Please check that this question paper contains 21 questions.
Please write down the serial number of the question before attempting it.

ACCOUNTANCY
General Instructions :
(i) This question paper contains three parts A, B and C.
(ii) Part A is compulsory for all candidates.
(iii) Candidates can attempt only one part of the remaining parts B and C.
(iv) All parts of the questions hould be attempted at one place.

PART A
(Accountancy)
1. List any four factors that help in the creation of goodwill of a partnership firm. 2

2. Give the meaning of ‘Authorised Capital’. 2

3. What is meant by ‘Preferential Allotment of Shares’ ? 2

4. Give any two points of distinction between a share and a debenture. 2

5. Jain and Gupta were partners in a firm sharing profits in 3 : 2 ratio. Their fixed capi als
were Jain Rs. 1,00,000 and Gupta Rs. 1,50,000. After the accounts of the year had een
closed it was discovered that interest on capital at 10% per annum as provided in he
partnership agreement has not been credited to the capital accounts of the partners
before distribution of profits. Pass the necessary journal entry to rectify the err r 3

6. Pass necessary journal entries for the issue of 7% de entures in the following cases : 3
(i) 100 debentures of Rs. 100 each issued at Rs 105 each repayable at Rs. 100 each.
(ii) 100 debentures of Rs. 100 each issued at Rs. 100 each repayable at Rs. 105 each.
(iii) 100 debentures of Rs. 100 each issued at Rs. 105 each repayable at Rs. 108 each.

7. Arti and Bharti are partners in a firm sharing profits in 3 : 2 ratio. They admitted Sarthi
as a new partner and the new profit sharing ratio will be 2:1:1. Sarthi brought
Rs. 0,000 for her share of goodwill. Goodwill already appeared in the books of Arti and
Bharti at Rs. 5,000.
Pass necessary journal entries in the books of the new firm for the above transactions. 4

8. What journal entries would be passed for the following transactions on the dissolution of
a partnership firm, after transferring various assets (other than cash) and third party
liabilities to the Realisation Account ? 4
(i) Bank loan Rs. 50,000 was paid.
(ii) An unrecorded asset realised Rs. 17,000.
(iii) Stock worth Rs 20,000 was taken over by a partner Rohan for Rs. 14,000.
(iv) Loss on realisation was Rs. 14,000, which was distributed between the pa tners
Rohan and Mohan in the ratio of 3 : 2.

9. Y Ltd. redeemed Rs. 50,00,000 8% debentures at a premium of 10% out of profits on
31.3.2006. Pass necessary journa e tries for the redemption of debentures. 4

10. Z Ltd. issued Rs. 20,00,000 8% debentures on 1.4.2001 at a premium of 5%. On
31.3.2006, out of these Rs. 2,00,000 8% debentures were redeemed by converting them
into equity shares of Rs. 100 each issued at par and Rs. 5,00,000 8% debentures were
converted into 10% preference shares of Rs. 100 each issued at a premium of 25%.
Pass ecessary journal entries in the books of Z Ltd. for the redemption of debentures. 4

11. Vimal Ltd. purchased machinery of Rs. 9,90,000 from Kamal Ltd. The payment to Kamal
Ltd. was made by issuing equity shares of Rs. 100 each. Pass necessary journal entries
in the books of Vimal Ltd. for purchase of machinery and the issue of shares when
(i) shares were issued at par.
(ii) shares were issued at 10% discount.
(iii) shares were issued at 25% premium. 4

12. Ravi and Mohan were partners in a firm sharing profits in the rat o of 3 : 2. On 1.3.2007
the firm was dissolved. On that date the Balance Sheet of the firm was as follows :

Balance Sheet of Ravi and Mohan a on 1 3 2007
Liabilities Amount Assets Amount
Rs. Rs.
Loan 1,40,000 Cash 20,000
Creditors 2,60,000 Building 10,00,000
Capitals : Stock 80,000
Ravi 6,00,000 Profit & Loss A/c 1,00,000
Mohan 2,00,000 8 00,000
2,00 000 12,00,000
Building realised Rs. 4,50,000; Stock Rs. 2,00,000. Rs. 2,40,000 were paid to the
creditors in full settlement of their account. The firm has a joint life policy of
Rs. 2,00,000 which was surrendered for Rs. 90,000. The annual premium paid on the
joint life policy w s debited to the Profit and Loss Account.
Prepare Real sation Account, Cash Account and Partners’ Capital Accounts. 6
OR
B and C were partners in a firm sharing profits in 3 : 1 ratio. On 1.3.2007 their firm
was dissolved. On that date B’s capital was Rs. 1,20,000 and C’s capital was Rs. 90,000.
Creditors on that date were Rs. 40,000 and there was a balance of Rs. 68,000 in
general reserve. Cash balance was Rs. 10,000.
Sundry assets realised Rs. 6,00,000 and expenses on dissolution were Rs. 15,000 which
were paid by C.
Prepare Realisation Account, Cash Account and Partners’ Capital Accounts. 6

13. Janata Ltd invited applications for issuing 1,00,000 equity shares of Rs. 100 each at a
discount of 5%. The amount was payable as follows :
On Application Rs. 30
On Allotment Rs. 40
Balance on First and Final Call
Applications for 1,30,000 shares were received. Applications for 10,000 shares were
rejected and pro-rata allotment was made to the remaining applicants. Overpayments
received on applications were adjusted towards sums due on allotment. Vinod, to whom
500 shares were allotted, failed to pay allotment and first and final call. His shares
were forfeited. The forfeited shares were re-issued for Rs. 55,000 fully paid up.
Pass necessary journal entries in the books of Janata Ltd., showing the workings
clearly. 6

OR
Pass necessary journal entries in the books of Arjun Ltd. for the following
transactions : 6
(i) 600 8% preference shares of Rs. 100 each issued at a discount of Rs. 5 per share were
forfeited for the non-payment of final call of Rs. 30 per share. The forfeited shares
were reissued for Rs. 66,000 fully paid up.
(ii) 1500 equity shares of Rs. 100 each issued at a premium of Rs. 20 per share were
forfeited for the non-payment of allotment money (including premium) of Rs 30 per
share. Application money of Rs. 30 per share had been received on these shares. The
first and final call of Rs. 60 per share was not made. The forfeited shar s were
re-issued for Rs. 75,000 fully paid up.

14. A, B and C were partners in a firm sharing profits in proportion of their capitals. On 31.3.2006
their Balance Sheet was as follows :
Balance Sheet of A, B and C as on 31.3.2006
Liabilities Amount Assets Amount
Rs. Rs.
Creditors 16,000 Building 1,40,000
Reserve 12,000 Machinery 60,000
Capitals : Stock 8,000
A 40,000 Debtors 12,000
B 60,000 Cash 8,000
C 1,00,000 2,00,000
2,28,000 2,28,000
B died on 30.6.2006. Under the partnership agreement t e executors of a deceased
partner were entitled to :
(i) Amount standing to the credit of partner’s cap tal ac ount.
(ii) Interest on capital at 12% per annum.
(iii) Share of goodwill. The goodwill of the firm on B’s death was valued at Rs. 2,40,000.
(iv) Share of profit from the closing of last financial year to the date of death on the
basis of last year’s profit. Profit or the year ended 31.3.2006 was Rs. 15,000.
Prepare B’s Capital Account to b rendered to his executors. 6

15. X and Y were partners in a firm sharing profits in 3 : 1 ratio. They admitted Z as a new
partner for 1/4 share in the profits. Z was to bring Rs. 20,000 as his capital and the
capitals of X and Y were to be adjusted on the basis of Z’s capi l in the profit sharing
ratio. The Balance Sheet of X and Y on 31.3.2006 was as foll ws :

Balance Sheet of X and Y on 31.3 2006
Liabilities Amount Assets Amount
Rs. Rs.
Creditors 18,000 Cash 5,000
Bills Payable 10,000 Deb ors 17,000
General Reserve 12,000 Stock 12,000
Capitals : Machinery 21,000
X 25,000 Building 20,000
Y 10,000 35,000
75,000 75,000
Other terms of agreement on Z’s admission were as follows :
(i) Z will bring Rs. 6,000 for his share of goodwill.
(ii) Building will be valued at Rs. 25,000 and machinery at Rs. 19,000.
(iii) A provision at 5% on debtors will be created for bad debts.
(iv) Capital Accounts of X and Y were adjusted by opening Current Accounts.
Prepare Revaluation Account, Partners’ Capital Accounts and the Balance Sheet of X, Y
and Z. 8
OR

Vijay, Vivek and Vinay were partners in a firm sharing profits in 2 : 2 : 1 ratio. On
31.3.2006 Vivek retired from the firm. Qn the date of Vivek’s retirement the Balance
Sheet of the firm was as follows :

Balance Sheet of Vijay, Vivek and Vinay as on 31.3.2006
Liabilities Amount Assets Amount
Rs. Rs.
Creditors 54,000 Bank 55,200
Bills Payable 24,000 Debtors 12,000
Outstanding Rent 4,400 Less Provision for 11,200
doubtful debts 800
Provision for legal claims 12,000 Stock 18,000
Capitals : Furniture 8,000
Vijay 92,000 Premises 1,94,000
Vivek 60,000
Vinay 40,000 1,92,000
2,86,400 2,86,400
On Vivek’s retirement it wa ag eed that :
(i) Premises will be appreciated by 5% and furniture will be appreciated by Rs. 2,000.
Stock will be depreciated by 10%.
(ii) Provision for bad debts was to be made at 5% on debtors and provision for legal
damages to be made for Rs. 14,400.
iii) Goodwill of the firm was valued at Rs. 48,000.
(iv) Rs. 50,000 from Vivek’s Capital Account will be transferred to his loan account and
the balance will be paid by cheque.
Prepare Revaluation Account, Partners’ Capital Accounts and Balance Sheet of Vijay
and Vinay after Vivek’s retirement. 8

PART B
(Analysis of Financial Statements)

16. Give the meaning of ‘Cash Flow Statement’. 2

17. A Ltd., engaged in the business of retailing of two wheelers, invested Rs 50,00,000 in
the shares of a manufacturing company. State with reason whether the dividend received
on this investment will be cash flow from operating activities or invest ng activities. 2

18. The Profit and Loss Accounts of Himani & Co. fo the years ended March 31, 2005 and
2006 are as follows :

Himani & Co.
Profit and Loss Accoun s for the years ended March 31, 2005 and 2006
Parti ulars 2005 2006
Rs. Rs.
Net Sales 4,22,300 4,02,000
Cost of Goods sold 3,71,000 3,69,000
Gross Profit 51,300 33,000
Operating Expenses 22,700 19,900
Net Profit 28,600 13,100
Income Tax 50% of Net Profit 14,300 6,550
Compute percentage changes from 2005 to 2006. 3

19. Explain briefly any three limitations of analysis of finan ial statements. 3

20. The following are the summarised Profit and Loss Account and the Balance Sheet of
Ashoka Ltd. as on 31.3.2006 :
Ashoka Ltd.
Profit and Loss Account for the year ended 31.3.2006
Liabilities Amount Assets Amount
Rs. Rs.
Opening tock 20,000 Sales 2,20,000
Purchases 1,25,000 Closing Stock 10,000
Direct Expenses 15,000
Gross Profit 70,000
2,30,000 2,30,000
Salary 16,000
Loss on Sale of Machinery 4,000
Net Profit 50,000 Gross Profit 70,000
70,000 70,000

Ashoka Ltd.
Balance Sheet as on 31.3.2006
Liabilities Amount Assets Amount
Rs. Rs.
Equity Share Capital 1,50,000 Land 2,00,000
Profit & Loss A/c 50,000 Stock 10,000
Creditors 75,000 Debtors 50,000
Outstanding Expenses 25,000 Cash 40,000
3,00,000 3,00,000
Calculate any two of the following ratios on the basis of the information given in the
above mentioned financial statements : 4
(i) Gross Profit Ratio
(ii) Stock Turnover Ratio
(iii) Proprietary Ratio

21. Seema Ltd. had a profit of Rs. 20,00,000 for th year ended 31.3.2006 after considering
the following :
Depreciation on building Rs. 55,000
Depreciation on plant and machinery Rs. 37,000
Goodwill written off Rs. 14,000
Loss on sale of plant and m chinery Rs. 8,000
Following was the p sition of the Current Assets and Current Liabilities of the
company as on 31st March, 2005 and 31st March, 2006 :
Particulars 31.3.2005 31.3.2006
Rs. Rs.
Stock 65,000 69,000
Debtors 40,000 25,000
Cash 47,000 74,000
Creditors 94,000 1,03,000
Outstanding Expenses 5,000 3,000
Bills Payable 49,000 58,000
Calculate Cash Flow from Operating Activities. 6
OR
With the help of Profit and Loss Account for the year ended 31.3.2006 and Balance
Sheets as on 31.3.2005 and 31.3.2006 of Poonam Ltd., calculate ‘Cash Flows from
Operating Activities’. 6

Profit and Loss Account of Poonam Ltd. for the year ended 31.3.2006
Liabilities Amount Assets Amount
Rs. Rs.
Depreciation 12,000 Gross Profit 4,50,000
Salary 40,000
Rent 70,000
Commission 30,000
Other Expenses 78,000
Net Profit 2,20,000
4,50,000 4,50,000
Proposed Dividend 50,000
Retained Profit 1,70,000 Net Profit 2,20,000
2,20,000 2,20,000

Balance Sheets of Poonam Ltd. as on 31.3.2005 and 31.3.2006
Liabilities 2005 2006 Assets 2005 2006
Rs. Rs. Rs. Rs.
Share C pital 1,02,000 1,39,000 Plant 4,00,000 4,70,000
Reserves 2,00,000 3,70,000 Patents — 75,000
Loan 1,80,000 1,05,000 Stock 1,17,000 1,57,000
Proposed Dividend 20,000 70,000 Debtors 95,000 87,000
Creditors 80,000 65,000 Cash 40,000 55,000
Bills Payable 70,000 95,000
6,52,000 8,44,000 6,52,000 8,44,000

PART C
(Computerised Accounting)

16. What is an alternate key 2

17. List the objectives of grouping and hierarchy of accounts. 2

18. Wi h the help of a suitable example explain the concept of DML. 3

19. What are the advantages of DBMS ? 3

20. What is Colour Coding ? 3

21. (a) Design a Bank voucher with the following information of M/s Mohan Ltd. : 3
Date V. No. Code Account Amount
31/12/06 2 710001 Equity Share Capital 15,00,000
31/12/06 2 720001 Premium on Issue 5,00,000
31/12/06 2 110001 Bank 20,00,000
Prepared by Ravi Authorised by Venu
(b) M/s Mohan Ltd. employs 25 persons whose Salary comprises Basic Pay, D rne s
Allowance, House Rent Allowance and City Compensatory Allowance. The follow ng
are the rules that govern the payment :
Write the queries in SQL using the following data in MS-Access to compute the
allowances :
House Rent Allowance : Rs. 5,000 up to a Basic Pay of Rs. 20,000; Rs. 10,000 up to
Basic Pay of Rs. 30,000; Rs. 15,000 for Basic Pay above Rs. 30,000.
City Compensatory Allowance : @ 10% of Basi Pay subject to a minimum of
Rs. 1,500. 3+1=4

For more detailed information I am uploading a PDF files which are free to download:

Contact Details:
Central Board of Secondary Education
Community Centre, Preet Vihar Metro Railway Station,
Shiksha Kendra,Building No.2,
Acharya Nag Raj Marg,
Block D,
Preet Vihar,
New Delhi,
Delhi 110092 ‎
011 2202 3737
India

Map Location:

Last edited by Aakashd; June 5th, 2019 at 05:25 PM.
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  #2  
Old October 27th, 2015, 11:24 AM
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Default Re: Central Board of Secondary Education class 12th Accountancy previous years questi

Hii buddy , I am pursing 12th Class , Now Here I am looking for Previous years CBSE Class 12th Accountancy question paper , So can you please provide me for Exam preparation ?
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  #3  
Old October 27th, 2015, 11:29 AM
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Default Re: Central Board of Secondary Education class 12th Accountancy previous years questi

What is meant by 'Reconstitution of a partnership Firm'?

Q. Distinguish between 'Dissolution of partnership' and 'Dissolution of partnership Firm' on the basis of closure of books.

Q. Why heirs of a retiring / deceased partner are entitled to a share of goodwill of the firm?

Q. Give the meaning of 'Debenture'.

Q. what is the maximum amount of discount at which forfeited shares can be re-issued?

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 statement Analysis and Computerised Accounting.
4) Attempt only one option of Part B.
5) All parts of a question should be attempted at one place.


Section A

This section consists of 18 questions.

All the questions are compulsory.

Question Nos. 1 to 6 are very short-answer questions carrying 1 mark each.

Question Nos. 7 to 10 carry 3 marks each.

Question Nos. 11 and 12 carry 4 marks each.

Question Nos. 13 to 15 carry 6 marks each.

Question Nos. 16 and 17 carry 8 marks each.

Section B

This section consists of 6 questions.

All questions are compulsory

Question Nos. 18 and 19 are very short-answer questions carrying 1 mark each.

Question Nos. 20 to 22 carry 3 marks.

Question No. 23 carries 6 marks.

Here I am uploading Previous year Class 12th Accountancy Question paper as a Pdf file you can download free of cost :

CBSE Class 12th Accountancy Question paper










for more details here i am giving link of CBSE Class 12th Accountancy Question paper
mycollegebag.in/uploads/9/2/0/3/9203182/accountancy-question-paper-2013.pdf
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Last edited by Aakashd; August 11th, 2018 at 06:14 PM.
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