CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Foreign

 CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Foreign. 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.Distinguish between dissolution of partnership and partnership firm on the basis of Settlement of assets and liabilities.

2.Why does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner ?

3.Why is Realisation Account prepared ?

4.When can a company forfeit the shares held by a shareholder ?

5. Give the meaning of Share Capital.

6.What is meant by issue of debentures as collateral security ?

7.Pass necessary journal entries in the following cases :

(i) Kim India Ltd. converted 1,000, 9% debentures of Rs.100 each issued at a discount of 10% into equity shares of Rs.100 each issued at a premium of 25%.

(ii) Sonali Ltd. redeemed 6,000, 12% debentures of Rs.100 each which were issued at a discount of Rs.10 per debenture by converting them into equity shares of Rs.100 each, Rs.90 paid up. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Foreign.