Class 12 Accountancy Solved Question Papers: CBSE Class 12 Accountancy Question Paper 2007 Set 02
Explore authentic exam materials through the CBSE Class 12 Accountancy Question Paper 2007 Set 02. Tailored for Class 12 learners, utilizing these Accountancy previous year papers ensures thorough preparation and strengthens time management skills before final CBSE evaluations.
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Access the complete question paper PDF for Class 12 Accountancy below. Regular practice with these targeted exam papers builds familiarity with standard question patterns and helps secure higher marks in final evaluations.
CBSE Class 12 Accountancy Question Paper 2007 (2). 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
1.List any four factors that help in the creation of goodwill of a partnership firm.
2. Give the meaning of ‘Authorised Capital’.
3. What is meant by ‘Preferential Allotment of Shares’ ?
4. Give any two points of distinction between a share and a debenture.
5. Jain and Gupta were partners in a firm sharing profits in 3 : 2 ratio. Their fixed capitals were Jain Rs. 1,00,000 and Gupta Rs. 1,50,000. After the accounts of the year had been closed it was discovered that interest on capital at 10% per annum as provided in the partnership agreement has not been credited to the capital accounts of the partners before distribution of profits. Pass the necessary journal entry to rectify the error.
6. Pass necessary journal entries for the issue of 7% debentures in the following cases :
(i) 100 debentures of Rs. 100 each issued at Rs. 105 each repayable at Rs. 100 each.
(ii) 100 debentures of Rs. 100 each issued at Rs. 100 each repayable at Rs. 105 each.
(iii) 100 debentures of Rs. 100 each issued at Rs. 105 each repayable at Rs. 108 each.
7. Arti and Bharti are partners in a firm sharing profits in 3 : 2 ratio. They admitted Sarthi as a new partner and the new profit sharing ratio will be 2:1:1. Sarthi brought Rs. 10,000 for her share of goodwill. Goodwill already appeared in the books of Arti and Bharti at Rs. 5,000.
Pass necessary journal entries in the books of the new firm for the above transactions.
8. What journal entries would be passed for the following transactions on the dissolution of a partnership firm, after transferring various assets (other than cash) and third party liabilities to the Realisation Account ?
(i) Bank loan Rs. 50,000 was paid.
(ii) An unrecorded asset realised Rs. 17,000.
(iii) Stock worth Rs 20,000 was taken over by a partner Rohan for Rs. 14,000.
(iv) Loss on realisation was Rs. 14,000, which was distributed between the partners
Rohan and Mohan in the ratio of 3 : 2.
Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2007 (2).
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Understanding Exam Patterns with CBSE Class 12 Accountancy Question Paper 2007 Set 02
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FAQs
The CBSE Class 12 Accountancy Question Paper 2007 Set 02 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 Question Paper 2007 Set 02 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 Question Paper 2007 Set 02 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 Question Paper 2007 Set 02 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 Question Paper 2007 Set 02, are provided free of charge in mobile-friendly PDF.