# CBSE Class 12 Accountancy Question Paper 2006 (1)

Read and download CBSE Class 12 Accountancy Question Paper 2006 (1) 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 Class 12 which they need to improve to get better marks in Class 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

## Accountancy Question Paper Class 12

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 Class 12 exams. Please download CBSE Class 12 Accountancy Question Paper 2006 (1)

### Accountancy Class 12 Question Paper

CBSE Class 12 Accountancy Question Paper 2006 (1). 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.

PART - A

Q. 1. What is meant by Guarantee of profit to a partner?

Q. 2. What is meant by Authorised Capital of a company?

Q. 3. What is an Escrow account?

Q. 4. What is meant by a Debenture?

Q. 5. A, B & C entered into a partnership on October 1, 2004 to share profits and losses in the ratio of 3:2: 1. A, however personally guaranteed that C’s share of profit after charging interest on capitals at 5% p.a. would not be less than Rs. 30,000/- in any year. The capital contributions were A: Rs. 3 lakhs,B Rs. 2 lakhs and C: Rs. 1 lakh. The profits for the period ended March 31, 2005 were Rs. 1,20,000/-Show the distribution of profits:

Q. 6. Romi Ltd. acquired assets of Rs. 20 lakhs and took over creditors of Rs. 2 lakhs from Kapil Enterprises.Romi Ltd. issued 8% debentures of Rs. 100 each at par as purchase consideration.Record necessary journal entries in the books of Romi Ltd.

Q. 7.i. A, B & C are partners in a firm sharing profits in the ratio of 4:3: 1. A retires and his share is taken up by B and C equally. Find the new profit sharing ratio and the gaining ratio.

ii. The good will of the firm is valued at Rs. 16,000. No goodwill account appears in the books.

Pass necessary journal entry for recording the goodwill in the above mentioned case.

Q. 8. The partnership between A & B was dissolved on March 31, 2005. Their capitals on that date were Rs. 1,70,000 and Rs. 30,000 respectively. Rs. 1,00,000 was owed by the firm to A, and B owed to the firm Rs. 20,000. Creditors on that date were Rs. 2,00,000. The assets realised Rs. 4,50,000 exclusive of what was owed by B. Find the profit or loss on realisation.

Q. 9. X. Ltd. forfeited 1000 shares of Rs. 10 each (Rs. 8 called up) for the non payment of the allotment money of Rs. 5 per share including Rs. 2 as premium. Of these 800 shares were re-issued to S at Rs. 7 per share as Rs. 8 called up. Journalise the above transactions in the books of X Ltd.

Q. 10. F Ltd. issued 12% debentures of Rs. 100 each valued at Rs. 3,00,000 at a discount of 4%,repayable at par in equal proportions at the end of the 2nd, 4th and 6th year. Calculate the amount of discount to be written off at the end of each year and prepare ‘discount on issue of debentures account’.

Q. 11. Anirudh Ltd. has 4,000,8% debentures of Rs. 100 each due for redemption on March 31,2005.The company has a debenture redemption reserve of Rs. 1,50,000 on that date. Assuming that no interest is due record the necessary journal entries atthe time of redemption of debentures.

## More Study Material

### Previous Year Question Paper Accountancy Class 12

We hope you liked the above provided CBSE Class 12 Accountancy Question Paper 2006 (1). To get an understanding of the type of questions which were asked in previous year exams, it is important for Class 12 students to refer to CBSE Class 12 Accountancy Question Paper 2006 (1) that we have provided above. Students can download all the Question Papers for Class 12 Accountancy which were issued in the exams so that you can practise them and solve all types of questions which have been asked till now. If you do CBSE Class 12 Accountancy Question Paper 2006 (1) for Class 12 Accountancy you will easily understand the way examination question papers are set by teachers.

### Class 12 Accountancy Previous Year Question Papers

The past year question papers CBSE Class 12 Accountancy Question Paper 2006 (1) covers all the topics which have been suggested by CBSE in their Class 12 Accountancy syllabus for the current year. By doing all CBSE Class 12 Accountancy Question Paper 2006 (1) PYP (previous year papers) you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked and learn them so that you can get full marks in those questions.

We have provided links above of CBSE Class 12 Accountancy Question Paper 2006 (1) in Pdf format so that you can just click the links and easily download the papers with answers. On studiestoday, we have also provided a download and print option for all CBSE Class 12 Accountancy last year papers and Sample Papers for Class 12 Accountancy to make it more easy for students. You can download CBSE Class 12 Accountancy Previous Year Question Papers and Class 12 Accountancy Sample Papers in PDF absolutely free of cost.

#### Accountancy Previous Year Question Papers Class 12 with Solutions

We have provided CBSE Class 12 Accountancy Question Paper 2006 (1) with solutions. You will be able to understand the type of answers which you should write in Class 12 Accountancy exams to score good marks. You should attempt all the last year question paper for Class 12 and Class 12 Accountancy MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers. This way you will be able to identify your weak areas and also understand how the teachers of Class 12 Accountancy set their questions in the exams.

#### CBSE Class 12 Accountancy Previous Year Question Papers with solutions

We have provided the last 10 years Class 12 Accountancy Question Papers. Students who want to practice question papers from all previous years can easily get them on studiestoday. We are the leading website in India from which you can download all the latest Class 12 Accountancy study material for free as per the CBSE syllabus for Class 12 Accountancy for the current academic year.

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Yes, the CBSE Class 12 Accountancy Question Paper 2006 (1) issued for Class 12 Accountancy have been made available here for latest academic session

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