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Question Paper 2017 Delhi set 1

Question Paper 2017 Delhi set 1  This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Net increase in working capital other than cash and cash equivalents will increase, decrease or not change cash flow from operating activities. Give reason in support of your answer.

Question Paper 2017 Delhi set 2

Question Paper 2017 Delhi set 2  This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. 'Payment and Receipt of interest and dividend' is classified as which type of activity while preparing cash flow statement? 

Question Paper 2017 Delhi set 3

Question Paper 2017 Delhi set 3  This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Financial statements are prepared following the consistent accounting concepts, principles, procedures and also the legal environment in which the business organizations operate. These statements are the sources of information on the basis of which conclusions are drawn about the profitability and financial position of a company so that their users can easily understand and use them in their economic decisions in a meaningful way.

Question Paper 2017 Outside Delhi set 1

Question Paper 2017 Outside Delhi set 1 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.Pass necessary journal entries on the dissolution of a partnership firm in the following cases:
(i) Dissolution expenses were Rs 800.(ii) Dissolution expenses Rs 800 were paid by Prabhu, a partner. (iii) Geeta, a partner, was appointed to look after the dissolution work, for which she was allowed a remuneration of Rs 10,000. Geeta agreed to bear the dissolution expenses. Actual dissolution expenses Rs 9,500 were paid by Geeta. i.

Question Paper 2017 Outside Delhi set 2

Question Paper 2017 Outside Delhi set 2 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.The proprietary ratio of M. Ltd. is 0.80 : 1. State with reasons whether the following transactions will increase, decrease or not change the proprietary ratio:(i) Obtained a loan from bank Rs 2,00,000 payable after five years. (ii) Purchased machinery for cash Rs 75,000.

Question Paper 2017 Outside Delhi set 3

Question Paper 2017 Outside Delhi set 3 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.P and Q were partners in a firm sharing profits and losses equally. Their fixed capitals were Rs 2,00,000 and Rs 3,00,000 respectively. The partnership deed provided for interest on capital @ 12% per annum. For the year ended 31st March, 2016, the profits of the firm were distributed without providing interest on capital.Pass necessary adjustment entry to rectify the error.

Question Paper 2017 Foreign set 1

Question Paper 2017 Foreign set 1 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.Suman and Sudha were partners in  a firm sharing profits equally. Their fixed capitals were Rs 50,000 and Rs 25,000 respectively. The partnership deed provided interest on capital at the rate of 12% per annum. For the year ended 31st March, 2016, the profits of the firm were distributed without providing interest on capital. Pass necessary adjustment entry to rectify the error. 

Question Paper 2017 Foreign set 2

Question Paper 2017 Foreign set 2 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.Z Ltd. forfeited 1000 equity shares of Rs 10 each for the non-payment of the final call of Rs 2 per share. Calculate the maximum amount of discount at which these shares can be reissued.  

Question Paper 2017 Foreign set 3

Question Paper 2017 Foreign set 3 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.What is meant by a non-cash transaction? Give one example of a non-cash transaction.

Question Paper 2016 abroad (Set 1)

Question Paper 2015 Foreign set 2 Question Paper 2015 Outside Delhi set 1 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. To provide employment to the youth and to develop a backward area of Jharkhand which is near one of the coal mines, Thermal Power Energies Ltd. decided to set-up a Thermal Power Plant of 500 mega watt capacities. The company decided to issue 10,00,000 equity shares of Rs 10 each at a premium of 70% to finance the project.Applications for 17,00,000 shares were received. Applications for 5,00,000 shares were rejected and money refunded. Shares were allotted on pro-rata basis to the remaining

 

Question Paper 2016 Foreign set 2

Question Paper 2016 Foreign set 2 Question  This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. To provide employment to the youth and to develop a backward area of Jharkhand which is near one of the coal mines, Thermal Power Energies Ltd. decided to set-up a Thermal Power Plant of 500 mega watt capacities. The company decided to issue 10,00,000 equity shares of Rs 10 each at a premium of 70% to finance the project.Applications for 17,00,000 shares were received. Applications for 5,00,000 shares were rejected and money refunded. Shares were allotted on pro-rata basis to the remaining

Question Paper 2016 Foreign set 3

Question Paper 2016 Foreign set 3 Question Paper 2015 Outside Delhi set 1 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.State the provisions of the Companies Act, 2013 for the creation of 'Debenture Redemption Reserve’.

Question Paper 2016 Delhi (Set 1)

2016_12_Accountancy_LYP_DELHI_SET1 Accountancy_LYP_DELHI_SET1 Question Paper 2016 Foreign set 2 Question Paper 2016 Outside Delhi set 1 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. 

Question Paper 2016 Delhi (Set 2)

2016_12_Accountancy_LYP_DELHI_SET2 2016_12_Accountancy_LYP_DELHI_SET3 Question Paper 2016 Foreign set 2 Question Paper 2016 Outside Delhi set 3 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. 

Question Paper 2016 Delhi (Set 3)

2016_12_Accountancy_LYP_DELHI_SET3 Question Paper 2016 Foreign set 2 Question Paper 2016 Outside Delhi set 3 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. 

Question Paper 2016 All India (Set 1)

2016_12_Accountancy_LYP_All India_SET1 Class 12 Accountancy last year paper 2016 Compt Outside Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. A group of 40 people wants to form a partnership firm. They want your advice regarding the maximum number of persons that can be there in a partnership firm and the name of the Act under whose provisions it is given.

Question Paper 2015 Outside Delhi set 2

Question Paper 2015 Outside Delhi set 2 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. n 28.2.2016 the first call of Rs 2 per share became due on 50,000 equity shares alloted by Kumar Ltd. Komal a holder of 1000 shares did not pay the first call money. Kovil a holder of 750 shares paid the second and final call of Rs 4 per share alongwith the first call.Pass the necessary journal entry for the amount received by opening calls - in – arrears and calls - in - advance account in the books of the company.

Question Paper 2016 OutsideDelhi set 3

Question Paper 2016 OutsideDelhi set 3  This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. (a) What is meant by 'Activity Ratios'? (b) From the following information calculate inventory turnover ratio; Revenue from operations Rs 16,00,000; Average Inventory Rs 2,20,000; Gross Loss Ratio 5%.

Question Paper 2015 Delhi set 1

Class 12 Accountancy 2015 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Anant, Gulab and Khushbu were partners in a firm sharing profit in the ration of 5:3:2. From 1.4.2014, they decided to share the profit equally. For this purpose the goodwill of the firm was value at Rs. 2,40,000.Pass necessary journal entry for the treatment of goodwill on change in the profit sharing ration of Anant, Gulab and Khushbu.

Question Paper 2015 Delhi set 2

Class 12 Accountancy last year paper 2015 Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Kumar, Verma and Naresh were partners in a firm sharing profit & loss in the ratio of 3 : 2 : 2. On 23rd January, 2015 Verma died. Verma's share of profit till the date of his death was calculated at Rs 2,350. Pass necessary journal entry for the same in the books of the firm.

Question Paper 2015 Delhi set 3

Class 12 Accountancy last year paper 2015 Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. A, B, C and D were partners in a firm sharing profits in the ratio of 4 : 3 : 2 : 1. On 1-1-2015 they admitted E as a new partner for 110 share in the profits. E brought Rs 10,000 for his share of goodwill premium which was correctly recorded in the books by the accountant. The accountant showed goodwill at Rs 1,00,000 in the books. Was the accountant correct in doing so? Give reason in support of your answer. 

Question Paper 2015 Outside Delhi set 1

Question Paper 2015 Outside Delhi set 1 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Anant, Gulab and Khushbu were partners in a firm sharing profits in the ratio of 5 : 3 : 2. From 1.4.2014, they decided to share the profits equally. For this purpose the goodwill of the firm was valued at Rs 2,40,000.Pass necessary journal entry for the treatment of goodwill on change in the profit sharing ratio of Anant, Gulab and Khushbu.

Question Paper 2015 Outside Delhi set 2

Question Paper 2015 Outside Delhi set 2 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.  State any three purposes other than 'issue of bonus shares' for which securities premium can be utilized.

Question Paper 2015 Outside Delhi set 3

Question Paper 2015 Outside Delhi set 3 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. 'Luxury Cars Ltd.' invited applications for issuing 10,000 equity shares of Rs 50 each at a premium of Rs 100 per share. The amount was payable as follows: On application − Rs 75 per share (including Rs 50 premium) On allotment − The balance

Question Paper 2015 Foreign set 1

Question Paper 2015 Foreign set 1This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Anurag and Bhawana entered into partnership on 1.4.2014. On 1.1.2015 they admitted Monika as a new partner for 310th share in the profits which she acquired equally from Anurag and Bhawana. The new profit sharing ratio of Anurag, Bhawana and Monika was 4 : 3 : 3. Calculate the profit sharing ratio of Anurag and Bhawana at the time of forming the partnership.

Question Paper 2015 Foreign set 3

Question Paper 2015 Foreign set 3 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Kamal and Vimal were partners in a firm sharing profits in the ratio of 3 : 2. Ghosh was admitted as a new partner for 15th share in the profits.
On Ghosh's admission the Balance Sheet of the firm showed a credit balance of Rs 10,000 in its Profit and Loss Account which was debited by the accountant of the firm in the accounts of Kamal and Vimal.

Question Paper 2015 Comp. OutsideDelhi set 1

Question Paper 2015 Comp. OutsideDelhi set 1 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Kajal, Neerav and Alisha are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They decided to admit Rajan, their landlord as a partner in the firm. Rajan brought sufficient amount of capital and his share of goodwill premium. The accountant of the firm passed the entry of rent paid for the building to Rajan in ‘Profit and Loss Appropriation Account’. Is he correct in doing so ? Give reason in support of your
answer.

Question Paper 2015 Comp. OutsideDelhi set 2

Question Paper 2015 Comp. OutsideDelhi set 2 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.When a new partner is admitted, the balance of ‘General Reserve’ appearing in the Balance Sheet at the time of admission is credited to :
(a) Profit and Loss Appropriation Account. (b) Capital Accounts of all the partners. (c) Capital Accounts of old partners. (d) Revaluation Account

Question Paper 2015 Comp. OutsideDelhi set 3

Question Paper 2015 Comp. OutsideDelhi set 3 This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.At the time of retirement of a partner ‘Loss on Revaluation’ is debited :(a) only to the capital account of the retiring partner.
(b) to the capital accounts of all the partners in their old profit sharing ratio. (c) to the capital accounts of the remaining partners in their new profit sharing ratio. to the capital accounts of remaining partners in their old profit sharing ratio

Question Paper 2014 Delhi set 1

Class 12 Accountancy last year paper 2014 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. why heirs of a retiring / deceased partner are entitled to a share of goodwill of the firm?

Question Paper 2014 Delhi set 2

Class 12 Accountancy last year paper 2014 Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. BG. Ltd issued 2,000, 12% debenture of Rs. 100 each on 1st April 2012. The issue was fully subscribed. According to the terms of issue on the debentures is payable half-yearly on 30th September and 31st March and the tax deducted at source is 10%.

Question Paper 2014 Delhi set 3

Class 12 Accountancy last year paper 2014 Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of partnership Firm’ on the basis of closure of books.

Question Paper 2014 Outside Delhi set 1

Class 12 Accountancy last year paper 2014 Outside Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place.  A Ltd. forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for the non-payment of final call of Rs. 5 including premium. State the maximum amount of discount at which these shares can be re-issued.

Question Paper 2014 Outside Delhi set 2

Class 12 Accountancy last year paper 2014 Outside Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. A Ltd. forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for the non-payment of final call of RS. 5 including premium. State the maximum amount of discount at which these shares can be re-issued.

Question Paper 2014 Outside Delhi set 3

Class 12 Accountancy last year paper 2014 Outside Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Tata Ltd. issued 5,000, 10% Debentures of Rs. 100 each on 1st April 2012. The issue was fully subscribed. According to the terms of issue, interest on debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%. Pass the necessary journal entries related to the debenture interest for the half-yearly ending on 31st March 2013, and transfer of interest on debentures to Statement of Profit and Loss.

Question Paper 2014 Foreign set 1

Class 12 Accountancy last year paper 2014 Foreign set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Bhuwan and Shivam were partners in a firm sharing profits in the ratio of 3 : 2. Their capitals were Rs. 50,000 and Rs. 75,000 respectively. They admitted Atul on 1st April, 2013 as a new partner for 1/4th share in the future profits. Atul brought Rs. 75,000 as his capital. Calculate the value of goodwill of the firm and record necessary journal entries for the above transactions on Atul’s admission.

Question Paper 2014 Foreign set 2

Class 12 Accountancy last year paper 2014 Foreign set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Calculate the formulae from the following information on Excel for computing the amounts of: (a) House Rent Allowance, Basic Pay upto Rs. 25,000 at 20% and above it at 25%. (b) Provident Fund deduction, Basic Pay upto Rs. 25,000 at 15% and 20% above that. (c) Net Salary, adding House Rent Allowance and deducting Provident Fund calculated from Basic Pay.

Question Paper 2014 Foreign set 3

Class 12 Accountancy last year paper 2014 Foreign set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Vishesh Ltd. issued 10,000, 10% Debentures of Rs. 100 each on 1st April, 2012. The issue was fully subscribed. According to the terms of issue, interest on debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%. 3 Pass the necessary journal entries related to the debenture interest for the half-yearly ending on 31st March, 2013 and transfer of interest on debentures for the year to Statement of Profit and Loss.

Question Paper 2014 Compt Delhi set 1

Class 12 Accountancy last year paper 2014 Compt Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. The partnership deed is silent on payment of salary to partners. Amita, a partner, claimed that since she managed the business, she should get a monthly salary of Rs. 10,000. Is she entitled for the salary? Give reason.

Question Paper 2014 Compt Delhi set 2

Class 12 Accountancy last year paper 2014 Compt Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. X and Y are partners. Y wants to admit his son K into business. Can K become the partner of the firm? Give reason.

Question Paper 2014 Compt Delhi set 3

Class 12 Accountancy last year paper 2014 Compt Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. A, T and R were partners in a firm sharing profits in the ratio of 5 : 6 : 7 respectively. Their capitals were Rs. 5,00,000; Rs, 6,00,000 and Rs. 7,00,000 respectively. State the ratio in which the goodwill of the firm amounting to Rs. 16,00,000 will be adjusted in the capital accounts of A and T in case of R’s death.

Question Paper 2014 Compt Outside Delhi set 1

Class 12 Accountancy last year paper 2014 Compt Outside Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Mukesh and Ramesh are partners sharing profits and losses in the ratio of 2 : 1 respectively. They admit Rupesh as partner with 1/4 share in profits with guarantee that his share of profit shall be at least Rs. 55,000. The net profit of the firm for the year ending 31st March, 2013 was Rs. 1,60,000. Prepare Profit and Loss Appropriation Account.

Question Paper 2014 Compt Outside Delhi set 2

Class 12 Accountancy last year paper 2014 Compt Outside Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Pranshu and Himanshu are partners sharing profits and losses in the ratio of 3 : 2 respectively. They admit Anshu as partner with 1/6 share in the profits of the firm. Pranshu personally guaranteed that Anshu’s share of profit would not be less than Rs. 30,000 in any year. The net profit of the firm for the year ending 31st March, 2013 was Rs. 90,000. Prepare Profit and Loss Appropriation Account.

Question Paper 2014 Compt Outside Delhi set 3

Class 12 Accountancy last year paper 2014 Compt Outside Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Mukesh and Ramesh are partners sharing profits and losses in the ratio of 2 : 1 respectively. They admit Rupesh as partner with 1/4 share in profits with guarantee that his share of profit shall be at least Rs. 55,000. The net profit of the firm for the year ending 31st March, 2013 was Rs. 1,60,000. Prepare Profit and Loss Appropriation Account.

Question Paper 2013 Delhi set 1

Class 12 Accountancy last year paper 2013 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. State the ratio in which the partners share profits or losses on revaluation of assets and liabilities, when there is change in profit sharing ratio amongst existing partners?

Question Paper 2012 Delhi set 1

Class 12 Accountancy last year paper 2012 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. State the provisions of Indian Partnership Act regarding the payments of remuneration to a partner for the service rendered.

Question Paper 2012 Delhi set 2

Class 12 Accountancy last year paper 2015 Delhi set 2, This question paper contains two parts A and B. Part A is compulsory for all. Part B has two options – Analysis of Financial Statements and Computerized Accounting. Attempt only one option of Part B. All parts of a question should be attempted at one place. Narain Laxmi Ltd. Invited applications for issuing 7500, 12% Debentures of Rs100 each at a premium of Rs 35 per Debenture. The full amount was payable on application. Applications were received for 10,000 Debentures. Applications for 2500 Debentures were rejected and the application money was refunded. Debentures were allotted to the remaining applicants.

Question Paper 2012 Delhi set 3

Class 12 Accountancy last year paper 2015 Delhi set 3, This question paper contains two parts A and B. Part A is compulsory for all. Part B has two options – Analysis of Financial Statements and Computerized Accounting. Attempt only one option of Part B. All parts of a question should be attempted at one place. 

Question Paper 2011 Delhi set 1

Class 12 Accountancy last year paper 2011 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Pass the necessary Journal entry when 10,000 debentures of Rs. 100 each are issued as collateral security against a Bank loan of Rs. 8,00,000.

Question Paper 2011 Delhi set 2

Class 12 Accountancy last year paper 2011 Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Good luck Ltd. purchased machinery costing Rs. 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity shares of Rs. 10 each at a premium of 25%. Pass necessary journal entries for the above transactions in the books of Good luck Ltd.

Question Paper 2010 Delhi set 1

Class 12 Accountancy last year paper 2010 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. State the basis of accounting, on which a Receipts and Payments account is prepared in case of a not for profit organisation.

Question Paper 2010 Delhi set 2

Class 12 Accountancy last year paper 2010 Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. X Ltd. obtained a loan of Rs. 4,00,000 from IDBI Bank. The company issued 5000, 9% Debentures of Rs. 100 each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company.

Question Paper 2009 Delhi set 1

Class 12 Accountancy last year paper 2009 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Suresh and Ramesh are partners in a firm with capitals of Rs.3, 00,000 and 4, 00,000 respectively. They do not have a partnership deed. Ramesh wants to share the profits in the ratio of Capitals. State with reasons whether the claim is valid?

Question Paper 2008 Delhi set 1

Class 12 Accountancy last year paper 2008 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Distinguish between Income and Expenditure Account and Receipt and Payment on the basis of nature of items recorded therein.

Question Paper 2008 Delhi set 2

Class 12 Accountancy last year paper 2008 Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Ram and Mohan and partners in a firm without any partnership deed. Their capitals Ram Rs. 8,00,000 and Mohan Rs. 6,00,000. Ram is an active partner and looks after the business. Ram wants that profit should be in proportion of capitals. State with reasons whether his claim is valid or not.

Question Paper 2008 Delhi set 3

Class 12 Accountancy last year paper 2008 Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Distinguish between Income and Expenditure Account and Receipt and Payment Account on the basis of nature of items recorded therein.

Question Paper 2007 Delhi set 1

Class 12 Accountancy last year paper 2007 Delhi set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. List any four items which can be credited to the Capital Account of a partner when the Capital Account is fluctuating.

Question Paper 2007 Delhi set 2

Class 12 Accountancy last year paper 2007 Delhi set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. 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. 10,000 for her share of goodwill. Goodwill already appeared in the books of Arti and Bharti at Rs. 5,000.

Question Paper 2007 Delhi set 3

Class 12 Accountancy last year paper 2007 Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. A, B and C were partners in a firm sharing profits in 2 : 3 : 5 ratio. A was guaranteed a minimum profit of Rs. 1,00,000. Any deficiency on this account was to be borne by C. The net profit of the firm for the year ended 31.3.2006 was Rs. 4,50,000. Prepare Profit and Loss Appropriation Account of A, B and C for the year ended 31.3.2006.

Question paper 2006 Delhi set 1

Class 12 Accountancy last year paper 2005 Delhi Set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. A, B & C entered into a partnership on October 1, 2004 to share profits and losses in the ratio of 3:2: 1. A, however personally guaranteed that C’s share of profit after charging interest on capitals at 5% p.a. would not be less than Rs. 30,000/- in any year. The capital contributions were A: Rs. 3 lakhs, B Rs. 2 lakhs and C: Rs. 1 lakh. The profits for the period ended March 31, 2005 were Rs. 1,20,000/-. Show the distribution of profits:

Question paper 2006 Outside Delhi set 2

Class 12 Accountancy last year paper 2006 Outside Delhi Set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. On March 31, 2005 after the close of books of accounts, the capital accounts of A, B and C stood at Rs. 24,000; Rs. 20,000 and Rs. 12,000 respectively. The profit for the year Rs. 36,000 was distributed equally. Subsequently it was discovered that interest on capital @ 5% p.a. had been omitted. The profit sharing ratio was 2: 2: 1. Pass an adjustment journal entry.

Question Paper 2006 Compartment Delhi set 3

Class 12 Accountancy last year paper 2006 Compartment Delhi set 3, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. K Ltd. purchased building for Rs. 6, 60,000 from Z Ltd. Half the payment was made in cash and for the remaining half K Ltd. issued equity shares of Rs. 100 each at a premium of 10% in favour of Z Ltd. Pass the necessary journal entry only for the issue of equity shares.

Question Paper 2006 Compartment Outside Delhi set 4

Class 12 Accountancy last year paper 2006 Compartment Outside Delhi set 4, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. Jay Ltd. issued 10,000, 8% debentures of Rs. 100 each at a premium of 10% redeemable at a premium of 2% after 5 years. Pass necessary journal entries for the issue of 8% debentures.

Question paper 2005 Delhi set 1

Class 12 Accountancy last year paper 2005 Delhi Set 1, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. P Ltd. purchased assets worth Rs. 1, 80,000 from S Ltd. The payment was made by issuing equity shares of the face value of Rs. 100 each at a premium of Rs. 20 per share. Pass necessary journal entries.

Question paper 2005 Outside Delhi set 2

Class 12 Accountancy last year paper 2005 Outside Delhi Set 2, This question paper contains three parts A, B and C. Part A is compulsory for all candidates. Candidates can attempt only one part of the remaining parts B and C. All parts of a question should be attempted at one place. 3CMC Ltd. Invited for issuing 1, 00,000 Equity Shares of Rs. 10 each at a premium of Rs. 3 per share. The Whole amount was payable on application. The issue was oversubscribed by 30,000 shares and allotment was made on prorate basis. Pass necessary journal entries in the books of the company.



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