CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set B

Read and download PDF of CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set B 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 2014 Set B

Accountancy Class 12 Sample Paper

1. State the basis of accounting, on which a Receipts and Payments account is prepared in case of a not for profit organization.

2. What is meant by “Unlimited liability of a Partner” ?

3. State the need for treatment of Good will on admission of a Partner.

4. What are Preliminary expenses?

5. How does the factor “location” affect the goodwill of a firm?

6. From the following information, calculate the amount of subscriptions outstanding for the year 2008-09.

A club has 250 members each paying an annual subscription of Rs. 1,000. The Receipts & Payments account for the year showed a sum of Rs. 2,65,000 received  as subscriptions. The following additional information is provided.

                                                                                       Rs.

Subscriptions Outstanding on 31st March, 2008                 40,000

Subscriptions Received in advance on 31st March, 2009     30,000
 
Subscriptions Received in advance on 31st March, 2008     12,000
 
7. S.S.S. Ltd., has a paid up share capital of Rs. 60,00,000 and a balance of Rs.15,00,000 in the Securities Premium Account. The company management do not want to carryover this balance. State the ‘purposes for which this balance can be utilized.
 
8. DN Ltd., issued 50,000 shares of Rs. 10 each at a discount of 10% payable as Rs. 2 per share on application, Rs. 3 on allotment and Rs. 2 each on first and final call. Applications were received for 70,000 shares. It was decided that (a) refuse allotment to the applicants for 10,000 shares (b) allot 20,000 shares to Mohan who had applied for similar number and (c) allot the remaining shares on pro-rata basis. Mohan failed to pay the allotment money and Sohan who belonged the category ‘c’ and was allotted 3,0,00 shares paid both the calls with allotment. Calculate the amount received on allotment.
 
9. A, B & C were partners. Their capitals were Rs. 30,000; Rs. 20,000 and Rs.10,000 respectively, According to the partnership deed they were entitled to an interest on capital at 5% p.a. In addition B was also entitled to draw a salary of
Rs. 500 per month. C was entitled to a commission of 5% on the profits after charging the interest on capital, but before charging the salary payable to B. The net profits for the year were Rs. 30,000, distributed in the ratio of their capitals
without providing for any of the above adjustments. The profits were to be shared in the ratio of 2:2: 1. Pass the necessary adjustment entry showing the workings clearly.
 
10. A, Band C were partners sharing profits in the ratio of 6:4:5. Their capitals were A Rs. 1,00,000, B - Rs. 80,000 and C - Rs. 60,000. On 1st April 2009, B retired from the firm and the new profit sharing ratio between A and C was decided as 11 :4. On B’s retirement the goodwill of the firm was’ valued at Rs. 1,80,000. Showing your calculations clearly’ pass necessary journal entry for the treatment of-goodwill on B’s retirement.
 
11. X Ltd., had Rs. 8,00,000, 9% debentures due to be redeemed out of profits on 1st Oct, 2009 ,at a premium of 5%. The company had a :Debenture, Redemption Reserve of Rs. 4,14,000. Pass necessary journal entries at the time of redemption.



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CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set B

We hope you liked the above provided CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set B. 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 2014 Set B 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.

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