Read and download PDF of CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E 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 2020 Solved Set E
Accountancy Class 12 Sample Paper
CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E. It’s always recommended to practice as many sample papers as possible before the examinations. Students can download the sample papers and also question papers of previous years to practice and score better marks in examinations. Refer to other links too for more sample papers.
PART A
Accounting for Partnership Firm and Companies
1 A and B were partners in a firm sharing profits and losses equally .C is admitted with 1/4th share in profits of the firm. He brings in Rs.2,50,000 as his share in capital. The value of total assets of the firm is Rs.19,40,000 and outside liabilities are valued at Rs.13,00,000 on that date. The amount of goodwill to be brought in by C is:-
(a) Rs.8,00,000
(b) Rs.6,20,000
(c) Rs.1,60,000
(d) Rs.40,000
2 Which of the following is not a conditions that must be fulfilled by a company to issue share at a discount as per section 79
a) The shares are of a class already issued
b) Atleast two years must have elapsed since the company became entitled to commence business.
c) Issue of shares is authorised by a resolution passed by the company in its general meeting and sanctioned by the central govt.
d) Resolution should specify the max rate of discount at which the shares are to be issued.
3 A and B were partners in a firm sharing profits and losses equally. Their firm was dissolved on 15th March 2014 which resulted in a loss of Rs.30,000. On that date the capital account of A showed a credit balance of Rs.20,000 and that of B a credit balance of Rs.30,000. The cash account had a balance of Rs.20,000. The journal entries for making final payment to the partners will be:-
(a) A’s capital a/c Dr.15,000
B’s capital a/c Dr.15,000
To cash a/c 30,000
(b) A’s capital a/c Dr. 5,000
B’s capital a/c Dr 15,000
To cash a/c 20,000
(c) A’s capital a/c Dr.20,000
B’s capital a/c Dr.30,000
To cash a/c 50,000
(d) A’s capital a/c Dr.15,000
B’s capital a/c Dr.15,000
To realisation a/c 30,000
4 A and B were partners sharing profits and losses in the ratio of 3:2. On April 1st 2013,they decided to admit C for 1/5th share in the profits. They had a reserve of Rs.25,000 which they wanted to show in their new balance sheet. C agreed and the necessary adjustments were made in the books. On October 1st 2013, A met with an accident and died. B and C decided to admit A’s daughter F in their partnership , who agreed to bring Rs.2,00,000 as capital. Calculate A’s share in the reserve on the date of her death.
5 X and Y are partners sharing profits in the ratio of 2:1.They admit Z into partnership for 1/4th share for which he brings in Rs.20,000 as his share of capital. Hence on the basis of new profit sharing ratio , the adjusted capitals of X and Y will be:
(a) Rs.40,000 & Rs.20,000 resp
(b) Rs.32,000 & Rs.16,000 resp
(c) Rs.60,000 & Rs.30,000 resp
(d) Rs.35,000 & Rs.25,000 resp
6 X Ltd. made an issue of 2,000 , 15% debentures of 100 each .During 2013-14 , the company purchased for cancellation Rs.40,000 debentures at Rs.95 and Rs.10,000 debentures at Rs.98.
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Sample Paper Accountancy Class 12
We hope you liked the above provided CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E. To get an understanding of the type of questions which were asked in exams, it is important for Class 12 students to refer to CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E that we have provided above. 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. If you do CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E for Class 12 Accountancy you will easily understand the way examination Sample Paper are set by teachers.
Class 12 Accountancy Sample Paper
The latest Sample Paper CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E covers all the topics which have been suggested by CBSE in their Class 12 Accountancy syllabus for the current year. By doing CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked and learn them so that you can get full marks in those questions.
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Accountancy Sample Paper Class 12 with Solutions
We have provided CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E with solutions. You will be able to understand the type of answers which you should write in Class 12 Accountancy exams to score good marks. 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. This way you will be able to identify your weak areas and also understand how the teachers of Class 12 Accountancy set their questions in the exams.
CBSE Class 12 Accountancy Sample Paper with solutions
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