CBSE Class 12 Accountancy Revision Worksheet Set F

CBSE Class 12 Accountancy Worksheet - Revision Worksheet (4). CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.

Q1 State two main rights a newly admitted partner acquires in a firm. 1

Q2. How does the market situation affect the value of goodwill of a firm? 1

Q3. Distinguish between fixed and fluctuating capital account. 1

Q4. Give the average period in months for charging interest on drawings for the same amount withdrawn at the beginning of each quarter.1

Q5. State the meaning of sacrificing ratio. 1

Q6. State the difference between dissolution of partnership and dissolution of partnership firm.1

Q7. What is meant by preferential allotment of shares? 1

Q8. State any two restrictions regarding issue of shares at discount. 1

Q9. a. Goodluck Ltd. Purchased furniture costing Rs.1,35,000 from Fair Deal Ltd. The payment was made by issue of 9%Preference Shares of Rs.100 each at a discount of Rs.10 per share. Pass necessary journal entries in the books of Goodluck Ltd.

b. The company also issued 5000 shares to the promoters as the remuneration of the services rendered by them at par. 3+1

Q10. Gupta trading company forfeited 1,100 shares of Rs.10, Rs.6 called up, issued at a discount of 10% to Mahesh on which he paid Rs.4 per share. Out of these 660 shares were reissued to Somesh at Rs.6 per share, Rs.8 paid up. 3

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