CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Outside Delhi

 CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Outside Delhi. 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.State the rights acquired by a newly admitted partner. 

2.Distinguish between Dissolution of partnership and Dissolution of partnership firm on the basis of Court’s intervention. 

3.Give the meaning of Reconstitution of a partnership firm. 

4. 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. 

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

6.Hemant and Nishant were partners in a firm sharing profits in the ratio of 3 : 2. Their capitals were Rs.1,60,000 and Rs.1,00,000 respectively. They admitted Somesh on 1st April, 2013 as a new partner for 1/5 share in the future profits. Somesh brought Rs.1,20,000 as his capital. Calculate the value of goodwill of the firm and record necessary journal entries for the above transactions on Somesh’s  admission.Pass necessary journal entries in the following cases : 

(i) Sunrise Ltd. converted 500, 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) Britannia Ltd. redeemed 3,000, 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 - Outside Delhi.