CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (3)

CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (3). 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. What is meant by a 'Joint Life Policy' ?

2. D. Pharma Ltd. purchased machinery worth Rs. 10,00,000 from M. Pharma Ltd. Rs. 5,50,000 was paid by issue of 9% preference shares of Rs. 100 each at a premium of 10%. The balance was paid in cash by cheque. Pass necessary journal entries in the books of D. Pharma Ltd. for making payment. 

3. On 1.1.2005 X Ltd. received in advance the first call of Rs. 2 per share on 10,000 equity shares. The first call was due on 15.2.2005. Journalise the above transactions and transfer the advance to first call account by opening a Calls-in-Advance Account.

4. Kamath Ltd. converted 200, 9% debentures of Rs. 1000 each into 8% preference shares of Rs. 100 each issued at a premium of 25%. Pass necessary journal entries.

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

6. Why is it necessary to revaluate the assets and liabilities of a firm on its reconstitution ? Explain briefly. 

7. On 1.4.2004 Z Ltd. issued 5,00,000 8% Debentures of Rs. 100 each at a discount of 6% redeemable at a premium of 10% after four years. The amount was payable as follows : On application — Rs. 50 per debenture On allotment — Balance after discount Record the necessary journal entries for the issue of debentures in the books of the company.

8.On 1.1.2000 Sona Ltd. issued 50,000 7% debentures of Rs. 100 each at par redeemable after 10 years. The debenture-holders were given the option to get their debentures redeemed at any time after 3 years at a premium of 10%. At the end of 4 years debenture-holders holding 10,000 debentures exercised their option and got their debentures redeemed. Record necessary journal entries in the books of Sona Ltd. for the issue and redemption of debentures.

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