CBSE Class 12 Accountancy Sample Paper 2015 Set I

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.

Please click the below link to access CBSE Class 12 Accountancy Sample Paper 2015 Set I