Central Board of Secondary Education Accounting sample papers - 2018-2019 StudyChaCha

 User Name Remember Me? Password

#1
June 4th, 2014, 01:37 PM
 Unregistered Guest Posts: n/a
Central Board of Secondary Education Accounting sample papers

I am in 12th class in Central Board of Secondary Education and for my exams I want to get the Accounting sample papers so can you provide me that?
#2
June 4th, 2014, 04:31 PM
 Super Moderator Join Date: May 2011 Location: Delhi Posts: 38,280
Re: Central Board of Secondary Education Accounting sample papers

As you want to get the Accounting sample papers of 12th class of Central Board of Secondary Education so here is the information of the same for you:

Some content of the file has been given here:

Part – A
1. State any two cases of dissolution of partnership firm by the order of the Court (Sec.44). 1

2. Goodwill (According to capitalization of Super profit) = Super profit × 100
Normal Rate of Return
What do you mean by Super profit in above formula of calculating goodwill? 1

3. How is new partner admitted to a partnership firm? 1

4. Steffi and Sarapova were partners in a firm. They decided to admit Sania as a partner in the firm and
Sania Brought Rs.40,00,000 as premium for goodwill in cash for 1/3rd share in profits. Pass journal entry for distribution of premium for goodwill. 1

5. What do you mean by Convertible Preference share? 1

6. State any two purposes for which amount of Securities Premium can be utilised according to Section
78 of the Indian Companies Act, 1956. 1

7. Why would investor prefer to invest in Debentures of a company rather than in its shares? 1

8. The net profit of a firm for the year ended 31st December, 2012 has been duly distributed between its partners A and B in their agreed ratio 3 : 2 respectively. It was discovered on 10th Jan. 2013 that the under mentioned transactions were not recorded before distribution of Profits:
(i) Interest on A’s Capital – Rs.6,000 and interest on B’s Capital – Rs.4,000.
(ii) Interest on drawings @12% p.a. and drawings of A were Rs.2,000 in each month during the year.
Pass an adjustment entry to rectify the above errors. 3

9. Shivang Ltd. On 1st Jan. 2013 acquired assets of the value of Rs.8,00,000 and liabilities worth Rs.90,000
from Saurya Ltd., at an agreed value of Rs.7,20,000. Shivang Ltd. Issued 12% Debentures of Rs.100
each at a discount of 10% in full satisfaction of purchase consideration. The debentures were
redeemable 3 years later at a premium of 5%. Pass journal entries to record the above in the books of Shivang Ltd upto issue of Debentures. 3

10. Suraj Infrastructure Limited redeemed its 20,000, 15% Debentures of Rs.100 each at a premium of 8% and redemption is carried out in the following ways:
i. 25% of the amount due to debentureholders was paid by cheques.
ii. 25% of the amount due was paid by conversion into 12% Preference Shares of Rs.50 each
issued at 20% premium.
iii. 25% of the amount due was paid by conversion into 11% Debentures of Rs.100 each issued
at 10% discount.
iv. 25% of the amount due was paid by conversion into Equity Shares of Rs.50 each issued at Par.
Pass journal entries for redemption of debentures in the books of Suraj Infrastructure Ltd. 3

11. *Zenny and Zuzu were partners in a firm sharing profits in 7 : 3 ratio. They admitted Sudesh (without any premium for goodwill) for 20% share into partnership who has won 1st position in the national level Laughter competition. However Gogoi brought Rs.2,00,000 as Capital. Sudesh acquired his share equally from Zenny and Zuzu.
You are required to
i. * Identify one value in admitting Mr. Sudesh into partnership. 1
ii. Pass journal entry for capital brought in by new partner and calculate new profit sharing ratio. 3

12. *ZaheerKhan, Ajay Jadeja and Chris Cairn entered into a partnership business of sports equipments on 1st January 2012 with the capitals of Rs.5,00,000 by each. Zaheer Khan also gave a loan of Rs.4,00,000 to the firm after 3 months of starting of their firm.. Partners decided to distribute Rs.1,00,000 sports items to 10 players of the city (In which firm is carrying its business activities) for representing the state in different national level sports competitions. After considering that expense but before considering any interest on loan given by Zaheer Khan the Profits were Rs.3,55,000. Following adjustments are also to be considered :
i. Interest on capital is to be allowed @4% p.a.
ii. Interest on drawings @6%p.a. Drawings were Ajay Jadeja-Rs.60,000 and Chris Cairns-Rs.40,000
iii. Ajay Jadeja is allowed a commission of 2% on sales. Sales for the year were Rs.20,00,000.
iv. 10% of the divisible profits is to be kept in a Reserve Account.
You are Required:
a.* To state the value in forming the partnership firm and the value served by the partners by taking
decision of distributing the sports items among players. 2
b. Show the distribution of profit after considering above adjustments. 4

13. X Ltd. forfeited 500 shares of Rs.10 each(Rs.6 called-up) issued at a discount of 10% to Ram on which he has paid Rs.3 per share. Out of these 300 shares were re-issued to Z as Rs.8 paid up for 6 per share.
(i) Give journal entries for forfeiture and re-issue of shares. 3
(ii) What is the minimum amount at which remaining 200 shares can be reissued as fully paid up. 1

14. Write the meaning of any two of the following: 4
(i) Sweat equity shares (ii) Minimum Subscription (iii) Reserve Capital
15. A, B and C were partners sharing profits in the ratio of 5 : 3 : 2. Their assets and liabilities as on
31st March 2012 were as follows:
Assets: Cash : Rs.16,000 ; Debtors : Rs.16,000 and other assets were Rs.2,34,000.

Liabilities: Creditors: Rs.20,000; Employees’ Compensation Fund: Rs.26,000;
A’s Capital: Rs.1,00,000 B’s Capital: Rs.70,000 and C’s Capital: Rs.50,000.

C retires on the above date and it was agreed that:
(i) C’s share of Goodwill was Rs.8,000;
(ii) 5% provision for doubtful debts was to be made on debtors;
(iii) Sundry creditors were valued Rs.4,000 more than the book value.
Pass necessary journal entries for the above transactions on C’s retirement. 4

For more detailed information I am uploading word 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:
Attached Files
 Accounting sample papers of 12th class of Central Board of Secondary Education.zip (34.3 KB, 15 views) Accounting sample papers of 12th class of Central Board of Secondary Education-2.zip (252.1 KB, 11 views)
__________________
Answered By StudyChaCha Member
 Sponsored Links

#3
October 2nd, 2015, 02:13 PM
 Unregistered Guest Posts: n/a
Re: Central Board of Secondary Education Accounting sample papers

I am pursuing 12th commerce of Central Board of Secondary Education and I want the previous year question papers of Accounting of 12th commerce of this board so will you provide me?
#4
October 2nd, 2015, 02:16 PM
 Super Moderator Join Date: Jun 2013 Posts: 42,294
Re: Central Board of Secondary Education Accounting sample papers

Ok, as you want the previous year question papers of Accounting of 12th commerce of Central Board of Secondary Education CBSE board so here I am providing you.

CBSE 12th commerce Accounting question paper

1. Any change in the relationship of existing partners which results in an end of the existing agreement and enforces making of a new agreement is called
(a) Revaluation of partnership.
(b) Reconstitution of partnership.
(c) Realization of partnership.
(d) None of the above.

2. Karan, Nakul and Asha were partners in a firm sharing profits and losses in the ratio 3:2:1. At the time of admission of a partner, the goodwill of the firm was valued at `2,00,000. The accountant of the firm passed the entry in the books of accounts and thereafter showed goodwill at `2,00,000 as an asset in the Balance Sheet. Was he correct in doing so? Why?

3. Anu, Bina and Charan are partners. The firm had given a loan of `20,000 to Bina. They decided to dissolve the firm. In the event of dissolution, the loan will be settled by:
(a) Transferring it to debit side of Realization account.
(b) Transferring it to credit side of Realization account.
(c) Transferring it to debit side of Bina’s capital account.
(d) Bina paying Anu and Charan privately.

4. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.

5. Metacaf Ltd. issued 50,000 shares of ` 100 each payable `20 on application (on 1st May 2012); `30 on allotment (on 1st January 2013); `20 on first call (on 1st July 2013) and the balance on final call (on 1st February 2014). Shankar, a shareholder holding 5,000 shares did not pay the first call on the due date. The second call was made and Shankar paid the first call amount along with the second call. All sums due were received. Total amount received on 1st February was:
(a) `15,00,000
(b) `16,00,000
(c) `10,00,000
(d) `11,00,000

CBSE 12th commerce Accounting question paper

For more questions here is the attachment
Attached Files
 CBSE 12th commerce Accounting question paper.pdf (1,023.7 KB, 11 views)
__________________
Answered By StudyChaCha Member

 Have a Facebook Account? Ask your Question Here

Reply to this Question / Ask Another Question
 Your Name: Click here to log in

Message:
Options

 Forum Jump StudyChaCha Discussion Forum     General Topics     Exams     MBA / Business Schools     Study Abroad and Immigration Consultancy     Career and Jobs Questions by Topics     Medicine and Health     Management

All times are GMT +6.5. The time now is 11:12 PM.

 -- Default Style -- Default vBulletin -- Lightweight MBA Discussion - Job Discussion - Contact Us - StudyChaCha - Blog Archives - Forum Archive - Partners : Management Forum Eduvark MBA Forum Courses Forum Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2