CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E

Read and download PDF of CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E designed as per the latest curriculum and examination pattern for Class 12 issued by CBSE, NCERT and KVS. The latest Class 12 Accountancy Sample Papers have been provided with solutions so that the students can solve these practice papers and then compare their answers. This will help them to identify mistakes and improvement areas in Accountancy Class 12 which they need to study more to get better marks in Class 12 exams. After solving these guess papers also refer to solved Class 12 Accountancy Question Papers available on our website to build strong understanding of the subject

Sample Paper for Class 12 Accountancy Pdf

Students can refer to the below Class 12 Accountancy Sample Paper designed to help students understand the pattern of questions that will be asked in Class 12 exams. Please download CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E

Accountancy Class 12 Sample Paper

Part A

Accounting for Not for Profit Organizations, Partnership Firms and Companies


1. Name the account which shows the classified summary of transactions of a Cash Book in a not-for-profit organisation. 

2. List two items that may appear on the Credit side of a partner’s fixed capital account.

3. Give two circumstances in which sacrificing ratio may be applied. 

4. Name any two factors affecting goodwill of a partnership firm. 

5. What is the nature of Interest on Debentures? 

6. On the basis of following information, calculate the amount of stationery to be shown in Income and Expenditure Account for the year ended 31st March, 2007. 

                                                                        Rs.
Stock of stationery on 1.4.2006                        50,000
Stock of stationery on 31.3.2007                       40,000
Amount paid for stationery during the year        2,00,000
Creditors for stationery on 1.4.2006                  20,000
Creditors for stationery on 31.3.2007                 10,000
 
7. State the exceptions to the creation of Debenture Redemption Reserve as per SEBI Guidelines. 
 
8. Akash Ltd. issued 1,00,000 shares of Rs. 10 each, payable as follows :
Rs. 2 on application payable on 1st March, 2006; Rs. 3 on allotment payable on 1st May, 2006; Rs. 2 on first call payable on 1st August, 2006 and Rs. 3 on second and final call payable on 1st December, 2006. All these shares were subscribed for and amounts duly received. Akriti, who had 8,000 shares, paid the amount of both the calls alongwith allotment Suniti, who had 4,000 shares, paid the amount of second and final call with the first call.
Calculate the amount of interest on calls-in-advance payable to Akriti and Suniti.
The Company adopts Table A. 
 
9. X, Y and Z are partners sharing profits and losses in the ratio of 3:2:1. After the final accounts have been prepared, it was discovered that interest on drawings @ 5% p.a. had not been taken into consideration. The drawings of the Partners were : X Rs. 15,000; Y Rs. 12,600; Z Rs. 12,000.Give the necessary adjusting journal entry. 
 
10. P, Q and R are partners sharing profits and losses in the ratio of 5:3:2. From 1st January,2006, they decide to share profits and losses in equal proportion. The partnership deed provides that in the event of any change in profit sharing ratio, the goodwill should be valued at three years’ purchase of the average of five years’ profits. The profits and losses of the preceding five years are:
Profits : 2001 - Rs. 60,000 2002 Rs. 1,50,000 2003 - Rs. 1,70,000 2004 - Rs. 1,90,000.
Loss : 2005 - Rs. 70,000.
Give the necessary journal entry to record the above change. 
 
11. A company took a loan of Rs. 5,00,000 from State Bank of India and issued 10% debentures of Rs. 8,00,000 of Rs. 100 each as a collateral security. Explain how will you deal with issue of debentures in the books of company. 
 
12. (a) Alpha Ltd. has 5,000 8% Debentures of Rs. 100 each due for redemption on March 31, 2007. Assume that Debenture Redemption Reserve has a balance of Rs. 1,90,000 on that date. Record the necessary entries at the time of redemption of debentures.
(b) What journal entries should be made for the issue of debentures in the following cases:
(i) X Limited issued 30,000 12% Debentures of Rs. 100 each at par, redeemable at a premium of 5%.
(ii) Y Limited issued 50,000 12% Debentures of Rs 100 each at a premium of 5%, redeemable at par.


Please click the link below to download full pdf file for CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E

CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E

We hope you liked the above provided CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E. To get an understanding of the type of questions which were asked in exams, it is important for Class 12 students to understand the way sample Paper are set by teachers. Students can download the Sample Paper for Class 12 Accountancy which will be coming in the exams so that you can practise them and solve all types of questions that can be asked in exams. By doing CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked. You can download CBSE Class 12 Accountancy Sample Paper and Class 12 Accountancy Question 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.

Where can I download CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E in Pdf

You can download CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E from StudiesToday.com

How can I improve my scores by solving CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E

Regular practice of sample question paper given on studiestoday for CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E can help you to score better marks in exams

Are there any websites that offer free CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E

Yes, studiestoday.com provides all latest CBSE Class 12 Accountancy Sample Papers with answers based on the latest format issued for current academic session

Are mock CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E available in multiple languages

Yes, mock CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E are available in multiple languages, including English, Hindi