CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G

Read and download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G designed as per the latest question paper pattern and Class 12 examination guidelines issued by CBSE, NCERT and KVS. The past year Question Papers for Class 12 Accountancy have been provided with solutions which will help students to assess their performance and find out topics in Accountancy grade 12 which they need to improve to get better marks in Standard 12 exams. After solving these last year papers also refer to solved Sample Papers for Class 12 Accountancy available on our website to build strong understanding of the subject

Question Paper for Class 12 Accountancy 2020 Pdf

Students can refer to the below Class 12 Accountancy Question Paper designed to help students understand the pattern of questions that will be asked in Grade 12 exams. Please download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G

Accountancy Class 12 Question Paper 2020

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 surplus available for payment of dividend.
 
2. _______ capital accounts always show a credit balance.
 
3. In the case of retirement, if full or part of the amount payable to the retiring partner still remains to be paid, and there is no agreement among the partners then retiring partner will get
(i) Interest @ 6% p.a on the Balance amount.
(ii) Share of profit earned proportionate to his amount outstanding to total capital of the firm.
(iii) Interest @ 9% p.a. on the balance amount.
 
Which out of the following is correct ?
(a) (i)                     (b) (ii)
(c) (iii)                    (d) Have a choice to get either (i) or (ii)
 
4. The following information has been extracted from the financial statements of a not-for-profit-organization for the year ended 31st March, 2019.
                             Particulars                                                Amount (`₹)
Opening balance of Match Fund                                                  5,00,000
Sale of Match tickets                                                                 3,75,000
Donation for Match Fund received during the year                       1,24,000
Match expenses                                                                        10,00,000
 
Which of the following statements is correct for the presentation of the above items in the financial statements of the not-for-profit-organization ?
 
(a) Negative Balance of Match fund ₹1,000 will be shown on the liabilities side of the Balance sheet as at 31st March, 2019.
(b) Opening Balance of Match Fund ₹ 5,00,000 will be shown on the liabilities side of Balance Sheet as at 1-4-2018.
(c) Negative balance of match fund, ₹ 1,000 will be shown on the expenditure side of the Income and Expenditure Account for the year ended 31-3-2019.
(d) Both (b) and (c).
 
5. Anita and Babita were partners sharing profits and losses in the ratio of 3 : 1. Savita was admitted for 1/5th share in the profits. Savita was unable to bring her share of goodwill premium in cash. The journal entry recorded for goodwill premium is given below :
     Date                 Particular                     LF      Debit            Credit
                                                                        Amt. (₹)       Amt. (₹)
              Savita’s Current A/c. Dr.                       24,000
              To Anita’s Capital A/c.                                              8,000
              To Babita’s Capital A/c.                                            16,000
             (Being adjustment of goodwill
              premium on Savita’s Admission)
The new profit sharing ratio of Anita, Babita and Savita, will be
(a) 41 : 7 : 12                  (b) 13 : 12 : 10
(c) 3 : 1 : 1                      (d) 5 : 3 : 2 1
 
6. Amla, Bimla and Kavita were partners sharing profits and losses in the ratio of 4 : 3 : 1. Bimla retires and gives her share of profit to Amla for ₹ 3,600 and to Kavita for ₹ 3,000. The gaining ratio of Amla and Kavita will be :
(a) 4 : 5                            (b) 2 : 1
(c) 6 : 5                            (d) 4 : 1 1
 
7. Capital Reserve is created out of ______ profits.
Please click on below link to download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G.
2015
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 1) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 2) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)

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