CBSE Class 12 Accountancy Sample Paper 2014 Set A

1. Permanent withdrawal of cash, closing Balance. 

2. At the time of admission of a new partner for distributing goodwill brought in by him For adjusting goodwill in the case of change in the profit sharing ratio of the existing partners. 

3. Location, Nature of the business.

4. Differences based on i) Meaning ii) Purpose iii) Time iv) Contents v) Preparation of account. 

5. Correct meaning of minimum subscription. 

6. 6% (3)

7. The debentures which cannot be converted into shares are known as non convertible debentures.

8. Shyam’s Current a/c Dr 200

Mohan’s Current a/c Dr 400

To Ram’s Current a/c 600 

9. Bank a/c Dr 10,500

To Debenture application and allotment a/c 10,500

Debenture application and allotment a/c Dr 10,500

Loss on issue of Debenture a/c Dr. 1,000

To 8% Debenture a/c 10,000

To Securities Premium a/c 500

To Premium on Redemption of Debenture a/c 1,000 (3)

10. Correct entry carries 3 marks.

11. Bank a/c Dr. 1,60,000

To C’s Capital a/c 1,60,000

C’s Capital a/c Dr. 50,000

To A’s Capital a/c 25,000

To B’s Capital a/c 25,000

12. A) Realisation a/c Dr. 3,000

To Bank a/c 3,000

b) Partner’s Loan a/c Dr. 10,000

To Bank a/c 10,000

c) Bank a/c Dr. 1,25,000

To Realisation a/c 1,25,000

Please click the below link to access CBSE Class 12 Accountancy Sample Paper 2014 Set A