# CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3

Read and download CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3 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 2018 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 Compartment Question Paper Solved 2018 Set 3

### Accountancy Class 12 Question Paper 2018

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.