CBSE Class 12 Accountancy Sample Paper 2019 Solved

CBSE Class 12 Accountancy Sample Paper 2019 Solved. CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.

1.Land and Building (book value) ₹ 1,60,000 sold for ₹ 3,00,000 through a broker who charged 2% commission on the deal. Journalise the transaction, at the time of dissolution of the firm. 

2. Why is it necessary to revalue assets and liabilities of a firm in case of admission of a partner?

Or

State any two reasons for the preparation of ‘Revaluation Account’ at time of admission of a partner.

3. State the basis of accounting on which ‘Receipt and Payment Account’ is prepared in case of Not-for Profit Organisation.

Or

What will be the treatment of ‘Subscription received in advance’ during the current

year in the Balance Sheet of a Not-For-Profit Organisation?

4. One of the partners in a partnership firm has withdrawn ₹ 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum. 

5. A, B and C are partners in a firm sharing profit and losses in the ratio of 3:2:1. B died on 1st April, 2018. C, son of B, is of the opinion that he is the rightful owner of his father’s share of profits, and the profits of the firm should be now shared between A and C equally. A does not agree. Settle the dispute between A and C by giving reason.

6. Differentiate between ‘Equity Share’ and ‘Debenture’ on the basis of risk involved.

Or 

What is meant by ‘Employee Stock Option Plan’?

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