CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 1) with Answers (Compartment)

CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 1) with Answers (Compartment). 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. 

ACCOUNTANCY

1. When the new partner brings cash for goodwill, the amount is credited to :

(a) Realisation Account

(b) Cash Account

(c) Premium for Goodwill Account

(d) Revaluation Account

2. Kanha, Neeraj and Asha were partners in a firm. They admitted Raghav their Landlord as a partner in the firm. Raghav brings sufficient amount of capital and goodwill premium for his share in the profits. Raghav had given a loan of Rs.1,00,000 @ 10% p.a.interest to the partnership firm before he became the partner. Now the accountant of the firm is emphasizing that the interest on loan should be paid @ 6% p.a. Is he right in doing so ? Give reason in support of your answer.

3. At the time of retirement of a partner, profit on revaluation will be credited to the capital accounts of :

(a) Retiring Partner

(b) All partners, in the old profit sharing ratio

(c) The remaining partners in their old profit sharing ratio

(d) The remaining partners in their new profit sharing ratio.

4. When does a company create ‘Debenture Redemption Reserve’ ?

5. The part of issued capital which can be used only at the time of winding up of the company is called :

(a) Nominal Capital

(b) Reserve Capital

(c) Subscribed Capital 

(d) Capital Reserve

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 1) with Answers (Compartment)