Read and download CBSE Class 12 Accountancy Question Paper 2006 (4) 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
Accountancy Question Paper Class 12 2006
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 Question Paper 2006 (4)
Accountancy Class 12 Question Paper 2006
CBSE Class 12 Accountancy Question Paper 2006 (4). 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. Give the meaning of partnership deed.
Q. 2. What is meant by ‘private placement’ of shares?
Q. 3. Jay Ltd. issued 10,000, 8% debentures of Rs. 100 each at a premium of 10% redeemable at a premium of 2% after 5 years.Pass necessary journal entries for the issue of 8% debentures.
Q. 4. Ghosh Ltd. made the second and final call on its 50,000 equity shares @ Rs.2 per share on 1.1.2006. The whole amount was received on 15.1.2006 except on 100 shares allotted to Venkat.Pass necessary journal entry for the call money due and received by opening ‘calls-in-arrears account’.
Q. 5. Suman and Poonam were partners in a firm sharing profits in 3: 2 ratios. From 1.3.2006 they decided to change it to 3: 1. For this purpose the goodwill of the firm was valued at Rs. 1, 20,000.
Pass the necessary journal entry for the treatment of goodwill.
Q. 6.(i). A, B and C were partners sharing profits in the ratio of 5 : 3 : 2. B retires on 1.1.2006 with A and C agreeing to share the profits in future in the ratio of 6: 4. Find the gain ratio.
ii. On 1.3.2006 A and C admitted D into the partnership, their profit sharing ratio being 5 : 4 : 3 respectively. Assuming before admission the profit sharing ratio of A and C was equal, find the sacrifice ratio.
Q. 7. Sagar and Santa were partners in a firm sharing profits in 3: 2 ratios. On, 28.2.2006 their firm was dissolved. On that date the balances in their capital accounts were Sagar Rs. 20,000 (Cr.), Santa Rs. 5,000 (Dr.). There was a debit balance of Rs. 15,000 in the profit and loss account. The general reserve account had a balance of Rs. 30,000. Dissolution resulted into a gain of Rs. 75,000.You are required to prepare the capital accounts of the partners at the time of dissolution assuming that the necessary cash was paid to or brought in by the partners for final settlement as the case may be.
Q. 8. X Ltd. forfeited 150 shares of Rs. 20 each issued at a premium of Rs. 5 per share for the non-payment of the second and final call of Rs. 7 per share. 100of these shares were reissued @ Rs 21 per share fully paid. Journalise the above transactions regarding the forfeiture and reissue.
Q. 9. J.B. Ltd. issued Rs. 10, 00,000, 6% debentures at a premium of 4% redeem able at a premium of 5% after four years. The debentures were issued on 1.1.2001. Pass the journal entries at the time of issue and redemption of debentures.
Q. 10. Thandak Refrigerators Ltd. had an outstanding balance of 5,000, 6% debentures of Rs. 100 each redeemable at a premium of 10%. According to the terms of redemption, the company redeemed 10% of these debentures by converting them into 8% preference shares of Rs. 100 each issued at a premium of 10%. Calculate the number of shares to be issued on conversion and record journal entries for the redemption in the books of the company.
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