CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3

CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3. Students can download the last year question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations. 

1. Aman, Yatin and Uma were partners and were sharing profits and losses in the ratio of 5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin 5 : 3 in ratio. Calculate the gaining ratio of Aman and Yatin.

2. Give the journal entry for the treatment of partner’s loan appearing on the asset side of the  Balance Sheet, on dissolution of a partnership firm.

3. What is meant by ‘Private Placement of Shares’ ?

4. In which ratio do the remaining partners acquire the share of the deceased partner ?

5. Give two items which may appear on the debit side of a Partner’s Current Account.

6. Vinay and Naman are partners sharing profit in the ratio of 4:1. Their capitals were Rs. 90,000 and Rs.70,000 respectively. They admitted Prateek for 1/3 share in the profits.Prateek brought Rs.1,00,000 as his capital. Calculate the value of firm’s goodwill.

7.Navnirman Ltd. issued 4,00,000 equity shares of Rs.10 each at par. The amount per share was payable as follows :Rs.3 on application; Rs.2 on allotment; Rs.2 on first call and Rs.3 on final call. The issue was fully subscribed and the shares were allotted fully to all the applicants. All calls were made. Mahi, a shareholder holding 6,000 shares paid the final call money along with the first call. Shrey holding 700 shares did not pay the first call on the due date.Shrey paid the first call along with the final call. The accountant of the company had correctly passed the entries till receipt of allotment money. After that the following entries were left incomplete by him. Complete these entries.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3.