CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A

Read and download free pdf of CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests

Accounting For Partnership Firms Class 12 Accountancy Worksheet Pdf

Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Accounting For Partnership Firms in standard 12. This test paper with questions and answers for Grade 12 Accountancy will be very useful for exams and help you to score good marks

Class 12 Accountancy Worksheet for Accounting For Partnership Firms

Chapter I Accounting for Partnership: Fundamental

One mark questions.

Question : In the absence of a partnership deed, how are mutual relations of partners governed?

Answer : In the absence of Partnership deed, mutual relations are governed by the Partnership Act, 1932.

 

Question : State the provision of 'Indian partnership Act 1932’ relating to sharing of profits in absence of any provision in the partnership deed.

Answer : In the absence of any provision in the Partnership deed, profit or losses are share by the Partners equally.

 

Question : Give two circumstances in which the fixed capital of partners may change.

Answer : Two circumstances in which the fixed capital of Partners may change are:

i) When additional capital is introduced by the Partners.

ii) When a part of the capital is permanently withdrawn by the Partners.

 

Question : Ramesh, a partner in the firm has advanced a loan of a Rs. 1,00,000 to the firm and has demanded on interest @ 9% per annum. The partnership deed is silent on the matter. How will you deal with it?

Answer : Since the Partnership deed is silent on payment of interest, the provisions of the Partnership Act, 1932 will apply. Accordingly, Ramesh is entitled to interest @ 6% p.a.

 

Question : Kanha, Neeraj and Asha were partners in a firm. They admitted Raghav their Landlord as a partner in the firm. Raghav brings sufficient amount of capital and goodwill premium for his share in the profits. Raghav had given a loan of Rs. 1,00,000 @ 10% p.a. interest to the partnership firm before he became the partner. Now the accountant of the firm is emphasizing that the interest on loan should be paid @ 6% p.a. Is he right in doing so ? Give reason in support of your answer.
Answer : He is not correct. He will only get interest on capital as per decided @10%p.a. Three and Four mark questions.

 

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More Worksheets for Class 12 Accountancy
CBSE Class 12 Accountancy Fundamentals Of Partnership Worksheet
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CBSE Class 12 Accountancy Revision Worksheet Set B
CBSE Class 12 Accountancy Revision Worksheet Set C
CBSE Class 12 Accountancy Revision Worksheet Set D
CBSE Class 12 Accountancy Revision Worksheet Set E
CBSE Class 12 Accountancy Revision Worksheet Set F
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set A
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set B
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set C
CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set A
CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set B
Part 1 Chapter 2 Accounting for Partnership Basic Concepts
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set C
Part 1 Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set A
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set B
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set C
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set D
CBSE Class 12 Accountancy Change In Profit Sharing Ratio Worksheet Set A
CBSE Class 12 Accountancy Change In Profit Sharing Ratio Worksheet Set B
Part 1 Chapter 4 Reconstitution of a Partnership Firm – Retirement/Death of a Partner
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set C
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set D
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set E
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set F
Part 1 Chapter 5 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set A
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set B
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set C
Part 2 Chapter 1 Accounting for Share Capital
CBSE Class 12 Accountancy Company Accounts Worksheet Set A
CBSE Class 12 Accountancy Company Accounts Worksheet Set B
CBSE Class 12 Accountancy Company Accounts Worksheet Set C
CBSE Class 12 Accountancy Share Capital Worksheet Set A
CBSE Class 12 Accountancy Share Capital Worksheet Set B
Part 2 Chapter 2 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Debentures Worksheet
Part 2 Chapter 3 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set A
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set B
Part 2 Chapter 4 Analysis of Financial Statements
CBSE Class 12 Accountancy Analysis Of Financial Statements Worksheet
CBSE Class 12 Accountancy Financial Analysis And Tools For Financial Analysis Worksheet
Part 2 Chapter 5 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet
Part 2 Chapter 6 Cash Flow Statement
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set C

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