CBSE 12TH ACCOUNTANCY EXPECTED QUESTION PAPER SET-1

CBSE 12TH ACCOUNTANCY EXPECTED QUESTION PAPER SET-1

CBSE 12TH ACCOUNTANCY EXPECTED QUESTION PAPER SET-1

Hy lovely students welcome to Ankit commerce official website as you know that CBSE 12th board exam is near and many students are looking for CBSE 12TH ACCOUNTANCY EXPECTED QUESTION PAPER. so our Ankit commerce team analyze the question asked in the previous year 12th ACCOUNTANCY exam and prepared a series of expected questions paper.

       This is the first part of CBSE 12TH ACCOUNTANCY EXPECTED QUESTION PAPER SET-1. I strongly recommend every commerce student to attempt these EXPECTED QUESTION PAPER SET honestly and check their preparation level 

Dear students The 12th board exam is considered a crucial phase of every student's life so practice hard to score good marks .....

1. This question paper contains two parts – A and B.

2. Part A is compulsory for all.

3. Part B has two options – Analysis of Financial Statements 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

1. Chhavi and Neha were partners in firm sharing profits and losses equally. Chhavi withdrew a fixed amount at the beginning of each quarter. Interest on drawings is charged @ 6% p.a. At the end of the year, interest on Chhavi’s drawings amounted to Rs.900. Pass necessary journal entry for charging interest on drawings.

2.R, Y and S were partners sharing profits in the ratio of 1:2:3 their capital ₹23000, ₹30000 and
₹17000 respectively. Y retired. Capital has to be fully paid in cash and the whole amount is brought in cash by R and S to make their capital thereafter equal. Calculate the amount brought by R

a) 10000 b) 12000

c) 17000 d) 16000

3.State any two situations when a partnership firm can be compulsorily dissolved

4. Amount brought by a new partner for his share in goodwill is known as 

a)Premium b) Will

c) Profit d) Discount

5. What is meant by the fixed capital of a partner?

6. If, at the time of change in profit sharing ratio among existing partners, Revaluation Account shows a loss, where will you debit the same?

7. At the time of change in profit sharing ratio among existing partners, if there is an unrecorded liability, where will you record the same?

8. State the ratio in which the partners share the accumulated profits when there is a change in the profit-sharing ratio amongst existing partners.

9.A, B and C are sharing profits in the ratio of 3 : 2 : 2. C retires on 1st April 2012 and C’s son D is admitted to partnership in his place and the new profit-sharing ratio of A, B and D is 3 : 3 : 2.Do you think that in spite of the fact that C’s son D is admitted in his place, still, goodwill will have to be valued and why?

10.Fill in the blanks:
Revaluation account is prepared at the time of____________

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