CBSE Class 12 Accountancy Question Paper 2021 Set D Solved

Accountancy
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Read and download CBSE Class 12 Accountancy Question Paper 2021 Set D Solved designed as per the latest question paper pattern and Class 12 examination guidelines issued by CBSE, NCERT and KVS. The past year Question Papers for Class 12 Accountancy have been provided with solutions which will help students to assess their performance and find out topics in Accountancy Class 12 which they need to improve to get better marks in Class 12 exams. After solving these last year papers also refer to solved Sample Papers for Class 12 Accountancy available on our website to build strong understanding of the subject

Accountancy Question Paper Class 12

Students can refer to the below Class 12 Accountancy Question Paper designed to help students understand the pattern of questions that will be asked in Class 12 exams. Please download CBSE Class 12 Accountancy Question Paper 2021 Set D Solved

Accountancy Class 12 Question Paper

PART A: ACCOUNTING FOR PARTNERSHIP FIRMS,NOT-FOR PROFIT ORGANISATIONS AND COMPANIES
 
1 What do you understand by the terms legacy and honorarium? 
 
2 A and B are partners sharing profits and losses in the ratio of 3:2. Their capital accounts showed balances of ₹1,50,000 and ₹2,00,000 respectively on April 01, 2017. Show the treatment of interest on capital for the year ending March 31, 2018, if partnership deed provides for interest on capital @8% p.a. and the firm incurred a loss of ₹10,000 during the year.
 
OR
 
State two situations in which interest on partners’ capital is provided.
 
3 Mohan and Shyam are equal partners in a firm. State with reason whether the claim is valid if the partnership agreement is silent and Mohan is an active partner. He wants a salary of ₹10,000 per year.
 
OR
 
One of the partners in a partnership firm has withdrawn₹9,000 at the end of each quarter, throughout the year. Calculate the interest on drawings at the rate of 6% per annum.
 
4 How is dissolution of partnership different from dissolution of partnership firm?
 
5 How much Debenture Redemption Reserve is required in case of fully convertible debentures as per the provision of section 71 (4) of the Companies Act, 2013 read with Rule 18(7) of the Companies (Share Capital and Debentures) Rules 2014.
 
6 Define Debentures.
 
OR 
7 What is the nature of interest on debenture?
CBSE Class 12 Accountancy Question Paper 2021 Set D Solved 1
 
8 XYZ Ltd. was registered with an authorized capital of ₹ 5,00,000 divided into 50,000 equity shares of₹ 10 each. Since the economy was in robust shape, the company decided to offer to the public for subscription 30,000 equity shares of ₹ 10 each at a premium of ₹ 20 per share. Applications for 28,000 shares were received and allotment was made to all the applicants. All calls were made and duly received except the final call of ₹ 2 per share on 200 shares.
Show the ‘Share Capital’ in the Balance Sheet of the company as per the Companies Act 2013. Also prepare Notes to Accounts for the same.
 
9 Summer Ltd. had issued 40,000, 8% Debentures of ₹ 100 each. Redeemable on 31st March 2017. It was decided to invest 15% of the face value of debentures to be redeemed towards Debenture Redemption Investment on 30th April 2016. Investments were encashed and Debentures were redeemed on due date. Record the necessary journal entries during 2016 and 2017 for redemption of debentures.
 
OR
 
What do you mean by Debenture Issued as Collateral Security? Explain with an example.
 
10 Give journal entries for the Issue of Debentures in the following conditions:-
a) Issued 2,000, 12% debentures of ₹ 100 each at a discount of 2%, redeemable at a premium of 5%.
b) Issued 2,000, 12% debentures of ₹ 100 each at a premium of 5%, redeemable at a premium of 10%
 
11 Capital employed in a business is ₹2,00,000. The normal rate of return on capital employed is 15%. During the year 2018 the firm earned a profit of ₹48,000. Calculate goodwill on the basis of 3 years purchase of super profit?
 
12 Nair, Seerat and Hina were partners in firm manufacturing blankets. They were sharing profits in the ratio 5:3:2. Their capitals on 1st April 2017 were ₹ 2,00,000; ₹3,00,000 and ₹ 6,00,000 respectively. After the floods in Kerala, all partners decided to help the flood victims personally For this Nair withdrew ₹10,000 from the firm on 1st September 2017. Seerat, instead of withdrawing cash from the firm took blankets amounting to ₹ 12,000 from the firm and distributed to the flood victims. On the other hand, Hina withdrew ₹ 2,00,000 from her capital on 1st January, 2018 and set-up a centre to provide medical facilities in the flood affected area.
 
The partnership deed provides for charging interest on drawings @ 6% p.a. After the final accounts were prepared, it was discovered that interest on drawings had not been charged.
 
Give the necessary adjusting journal entry and show the working notes clearly. Also state any two values that the partners wanted to communicate to the society.
 
13 R, S and H were partners in a firm sharing profits in the ratio 7:2:1 respectively. Their fixed capitals were R- ₹ 3,00,000; S ₹ 2,00,000 and H ₹ 1,00,000. The partnership deed provided for the following for the division of profit.
 
i) 10% of the trading profits will be transferred to reserve account.
ii) H was guaranteed a profit of ₹ 50,000. Any loss because of guarantee to H will be shared by R and S equally.
 
The trading profit of the firm for the year ended 31st March 2017 was ₹ 2,00,000. Prepare Profit and Loss Appropriation account and Current account for the partners for the year ended 31st March 2017.
 
14 A limited company issued ₹ 1,00,000, 9% Debentures of ₹ 100 each at a discount of 6% on 1st April, 2016. These debentures are to be redeemed equally in 5 annual installments starting from 31st March, 2017. Discount on Issue of Debentures is written off from Statement of Profit and Loss. Show your working clearly and prepare Discount on Issue of Debenture account till it is finally written off.


Please click on below link to download CBSE Class 12 Accountancy Question Paper 2021 Set D Solved

2022
CBSE Class 12 Accountancy Question Paper 2022 Set A Solved
CBSE Class 12 Accountancy Question Paper 2022 Set B Solved
CBSE Class 12 Accountancy Question Paper 2022 Set C Solved
CBSE Class 12 Accountancy Question Paper 2022 Set D Solved
2021
CBSE Class 12 Accountancy Question Paper 2021 Set A Solved
CBSE Class 12 Accountancy Question Paper 2021 Set B Solved
CBSE Class 12 Accountancy Question Paper 2021 Set C Solved
CBSE Class 12 Accountancy Question Paper 2021 Set D Solved
2020
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set B
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set C
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set D
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set E
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set F
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set H
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set J
CBSE Class 12 Accountancy Compartment Question Paper Solved 2020
CBSE Class 12 Accountancy Question Paper 2020 Set A
CBSE Class 12 Accountancy Question Paper 2020 Set B
2019
CBSE Class 12 Accountancy Question Paper Solved 2019 Set A
CBSE Class 12 Accountancy Question Paper Solved 2019 Set B
CBSE Class 12 Accountancy Question Paper Solved 2019 Set C
CBSE Class 12 Accountancy Question Paper Solved 2019 Set D
CBSE Class 12 Accountancy Question Paper Solved 2019 Set E
CBSE Class 12 Accountancy Question Paper Solved 2019 Set F
CBSE Class 12 Accountancy Question Paper Solved 2019 Set G
CBSE Class 12 Accountancy Question Paper Solved 2019 Set H
CBSE Class 12 Accountancy Question Paper Solved 2019 Set I
CBSE Class 12 Accountancy Question Paper Solved 2019 Set J
CBSE Class 12 Accountancy Question Paper Solved 2019 Set K
CBSE Class 12 Accountancy Question Paper Solved 2019 Set L
CBSE Class 12 Accountancy Question Paper Solved 2019 Set M
CBSE Class 12 Accountancy Question Paper Solved 2019 Set N
CBSE Class 12 Accountancy Question Paper Solved 2019 Set O
2018
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 1
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 2
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 3
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 1
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 2
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3
2017
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (3)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (3)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (3)
2016
CBSE Class 12 Accountancy Question Paper 2016 Set 1
CBSE Class 12 Accountancy Question Paper 2016 Set 1 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 1 Foreign
CBSE Class 12 Accountancy Question Paper 2016 Set 2
CBSE Class 12 Accountancy Question Paper 2016 Set 2 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 2 Foreign
CBSE Class 12 Accountancy Question Paper 2016 Set 3
CBSE Class 12 Accountancy Question Paper 2016 Set 3 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 3 Foreign
2015
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 (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 2 with Answers (Reval)
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 (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 1) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 2) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)
2014
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Outside Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Outside Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Outside Delhi
CBSE Class 12 Accountancy Question Paper SA1 2014 (1)
CBSE Class 12 Accountancy Question Paper SA1 2014 (2)
CBSE Class 12 Accountancy Question Paper SA1 2014 (3)
CBSE Class 12 Accountancy Question Paper SA2 2014
2013
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (1)
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (2)
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (3)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (1)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (2)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (3)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (1)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (2)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (3)
CBSE Class 12 Accountancy Question paper 2013
CBSE Class 12 Accountancy Question Paper SA1 2013
CBSE Class 12 Accountancy Question Paper SA2 2013
2012
CBSE Class 12 Accountancy Question Paper 2012
CBSE Class 12 Accountancy Question Paper SA1 2012 (1)
CBSE Class 12 Accountancy Question Paper SA1 2012 (2)
2011
CBSE Class 12 Accountancy Question paper 2011
2010
CBSE Class 12 Accountancy Question Paper SA1 2010 (1)
2009
CBSE Class 12 Accountancy Question paper 2009
2008
Accountancy Question paper 2008
CBSE Class 12 Accountancy Question Paper 2008
CBSE Class 12 Accounts Question Paper 2008
CBSE Class 12 Accounts Question Paper 2008 Answers(2)
CBSE Class 12 Accounts Question Paper 2008(2)
2007
CBSE Class 12 Accountancy Question Paper 2007 (1)
CBSE Class 12 Accountancy Question Paper 2007 (2)
CBSE Class 12 Accountancy Question Paper 2007 (3)
2006
CBSE Class 12 Accountancy Question Paper 2006 (1)
CBSE Class 12 Accountancy Question Paper 2006 (2)
CBSE Class 12 Accountancy Question Paper 2006 (3)
CBSE Class 12 Accountancy Question Paper 2006 (4)
2005
CBSE Class 12 Accountancy Question Paper 2005 (1)
CBSE Class 12 Accountancy Question Paper 2005 (2)
* More Question Papers
CBSE Class XII Accountancy Question Paper 1
CBSE Class XII Accountancy Question Paper 2
CBSE Class XII Accountancy Question Paper 3
CBSE Class XII Accountancy Question Paper 4
CBSE Class XII Accountancy Question Paper 2009

CBSE Class 12 Accountancy Question Paper 2021 Set D Solved

We hope you liked the above provided CBSE Class 12 Accountancy Question Paper 2021 Set D Solved. To get an understanding of the type of questions which were asked in previous year exams, it is important for Class 12 students to refer to CBSE Class 12 Accountancy Question Paper 2021 Set D Solved that we have provided above. Students can download all the Question Papers for Class 12 Accountancy which were issued in the exams so that you can practise them and solve all types of questions which have been asked till now. By doing all CBSE Class 12 Accountancy Question Paper 2021 Set D Solved PYP (previous year papers) you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked and learn them so that you can get full marks in those questions. You can download CBSE Class 12 Accountancy Previous Year Question Papers and Class 12 Accountancy Sample Papers in PDF. You should attempt all the last year question paper for Class 12 and Class 12 Accountancy MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers.
 

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