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CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3. Students can download the last year question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.
1. Aman, Yatin and Uma were partners and were sharing profits and losses in the ratio of 5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin 5 : 3 in ratio. Calculate the gaining ratio of Aman and Yatin.
2. Give the journal entry for the treatment of partner’s loan appearing on the asset side of the Balance Sheet, on dissolution of a partnership firm.
3. What is meant by ‘Private Placement of Shares’ ?
4. In which ratio do the remaining partners acquire the share of the deceased partner ?
5. Give two items which may appear on the debit side of a Partner’s Current Account.
6. Vinay and Naman are partners sharing profit in the ratio of 4:1. Their capitals were Rs. 90,000 and Rs.70,000 respectively. They admitted Prateek for 1/3 share in the profits.Prateek brought Rs.1,00,000 as his capital. Calculate the value of firm’s goodwill.
7.Navnirman Ltd. issued 4,00,000 equity shares of Rs.10 each at par. The amount per share was payable as follows :Rs.3 on application; Rs.2 on allotment; Rs.2 on first call and Rs.3 on final call. The issue was fully subscribed and the shares were allotted fully to all the applicants. All calls were made. Mahi, a shareholder holding 6,000 shares paid the final call money along with the first call. Shrey holding 700 shares did not pay the first call on the due date.Shrey paid the first call along with the final call. The accountant of the company had correctly passed the entries till receipt of allotment money. After that the following entries were left incomplete by him. Complete these entries.
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Past Exam Papers & Solutions for Class 12 Accountancy
Class 12 Accountancy Past Exam Papers & Resources
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The CBSE Class 12 Accountancy Compartment Question Paper 2018 Set 03 Solved is available for download on StudiesToday.com. It includes complete set with all sections so that Class 12 students can practice with the exact same paper that came in the CBSE exams.
Yes, the solutions for CBSE Class 12 Accountancy Compartment Question Paper 2018 Set 03 Solved are prepared by subject matter experts as per official marking scheme. Class 12 students will understand the structure of answers and 'step-marks' methodology Accountancy.
Solving previous year papers like CBSE Class 12 Accountancy Compartment Question Paper 2018 Set 03 Solved is important to understand repeat themes and question difficulty levels of Accountancy. It helps Class 12 students to test their time management skills too.
Yes, where applicable, CBSE Class 12 Accountancy Compartment Question Paper 2018 Set 03 Solved is available in both English and Hindi mediums. All students from Class 12 can access Accountancy study material in their preferred language.
No, all previous year question papers on StudiesToday, including CBSE Class 12 Accountancy Compartment Question Paper 2018 Set 03 Solved, are provided free of charge in mobile-friendly PDF.