CBSE Class 12 Accountancy Sample Paper 2014 Set D

1. Any one correct difference based on i) No. of accounts ii) Meaning carries 

2. Credited to Revaluation account. 

3. New Ratio – Old Ratio 

4. Reconstitution of partnership and Revaluation of Assets and Liabilities is known as Dissolution of Partnership. 

5. Those shares which can be converted into equity shares at the option of shareholders are known as convertible preference shares. 

6. Calls in arrear – 5% 

7. Additional Security 

8. I) No interest on capital is payable to any partner. II) No remuneration is payable to any partner. Harmony and mutual understanding is missing. 

9. Bank a/c Dr 4,60,000

To Deb. Appl& Allotment a/c 4,60,000

Deb. Appln. And allotment a/c Dr. 4,60,000

Discount on issue of debentures a/c Dr. 40,000

To 9% Debentures a/c 5,00,000

10. Amount to be transferred to DRR Rs/ 2,60,000 

11. Cash a/c Dr 25,000

To Premium a/c 25,000

(Being the share of premium brought in by R)

Premium a/c Dr 25,000

To A’s capital a/c 12,500

To B’s capital a/c 12,500

(Being premium credited to sacrificing partners in their sacrificing ratio 1:1)

(Sacrificing Ratio 1+ 1 1/2+1 1/2=4 marks) .

12. a)Realisation a/c Dr 1,000

To cash a/c 1,000

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