CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 3) with Answers (Compartment)

CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 3) 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.

1. 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.

2. Differentiate between ‘Profit and Loss Appropriation Account’ and ‘Profit and Loss Suspense Account’.

3. Nipun, Vasu and Sheetu are partners in a firm. They admitted their friend Varun into the firm as a partner. Varun brought sufficient amount of capital and premium for goodwill for his share in the profits. Varun had given to the firm Rs.5,00,000 @ 12% p.a. interest as loan before he became a 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.

4. Gama Chemicals Ltd. is a newly formed company. How much discount per share can

it allow for issuing its shares to the public ?

(i) 6%

(ii) 10%

(iii) 5% 

(iv) None of the above

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 3) with Answers (Compartment)