CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved

Part- A (Accounting for Not for Profit organizations, Partnership firms and Companies)   1 Which of the following items is not dealt through Profit and Loss Appropriation Account?   a. Interest on Partner’s Loan   b. Partner’s Salary   c. Interest on Partner’s Capital   d.…

CBSE Class 12 Accountancy Compartment Question Paper Solved 2020

PART A (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)   1. The account which shows classified summary of transactions of a ‘Cash Book’ in a Not-for-Profit Organisation is called :   (A) Income and Expenditure A/c   (B) Receipts and Payments A/c…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set J

PART – A (Accounting for Not-For-Profit-Organisations, Partnership Firms and Companies)   1. In case of retirement of a partner, profit or loss on revaluation of assets and re-assessment of liabilities is distributed among _______ partners in _______ ratio.    2. Vanya Ltd.…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

PART – A (Accounting for Not-For-Profit-Organisations, Partnership Firms and Companies) 1. Disha and Abha were partners in a firm. Farad was admitted as a new partner for 1/5th share in the profits of the firm. Farad brought proportionate capital. Capitals of Disha and Abha…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set H

PART – A (Accounting for Not-for-profit-organizations, Partnership Firms and Companies) 1. Capital Reserve is created out of ______ profits.   2. Avya, Divya and Kavya were equal partners. They decided to change the profit sharing ratio to 4 : 3 : 2. For this purpose the…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G

PART – A (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)   1. When a company plans to redeem its debentures out of profits, it should transfer minimum ______ % of the face value of the outstanding debentures to Debenture Redemption Reserve out of…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set F

ACCOUNTANCY 1. Subscribed capital is : 1 (A) That part of authorised capital which is issued to the public for subscription. (B) That part of issued capital which has been actually subscribed by the public. (C) That part of subscribed capital which has been called up on the…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set E

ACCOUNTANCY 1. Riva, Meetu and Asha were partners in a firm sharing profit and losses in the ratio of 1 : 2 : 3. Meetu died on 31st July, 2019. According to the partnership agreement, her share of profit from the closure of last accounting year till the date of her death was…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set D

ACCOUNTANCY 1. Puneet and Deepak were in partnership sharing profits and losses in the ratio of 2 : 1. They admitted Manya as a new partner. Manya brought ₹ 1,00,000 as her share of goodwill premium, which was entirely credited to Puneet’s capital account. On the date of…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set C

ACCOUNTANCY 1. Srishti, Nitya and Anand were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Srishti retired from the firm selling her share of profits to Nitya and Anand in the ratio of 2 : 1. The new profit sharing ratio between Nitya and Anand will…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set B

ACCOUNTANCY 1. Why does the Fixed Capital Account of partners show credit balance even when the firm suffers losses year after year ?   2. Milan, Khilan and Silam were partners sharing profits in the ratio of 2 : 2 : 1. They decided to share future profits in the ratio of 7 :…

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A

ACCOUNTANCY 1. In case the partners’ capitals are fixed, in which account will withdrawal of capital be recorded ?    2. Meera, Myra and Neera were partners sharing profits in the ratio of 2 : 2 : 1. They decided to share future profits in the ratio of 7 : 5 : 3 with effect…

CBSE Class 12 Accountancy Cash Flow Statement MCQs Set C

  Question: A financial statement that shows the inflows and outflows of cash during a particular period of time is known as a) Statement of cash flows b) Income statement c) Statement of retained earnings d) Balance sheet Answer: A   Question:…

CBSE Class 12 Accountancy Cash Flow Statement MCQs Set B

Question: Cash flow arises when the net effect of a transaction _____ the amount of cash or cash equivalents a) Either increase or decrease b) Only Increase c) Only decrease d) All of the options Answer: Either increase or decrease   Question: …

CBSE Class 12 Accountancy Cash Flow Statement MCQs Set A

  Question: Sale of Copyrights is concerned with_______ a) Investing Activities b) Operating Activities c) Both Operating Activities and Financing Activities d) Financing Activities Answer: A   Question: Dividend Received is concerned…