CBSE Class 12 Accountancy Question Paper 2014 Foreign Set 02

CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Foreign. 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.What is meant by issue of debentures as collateral security ?

2. Why is Realisation Account prepared ?

3.Give the meaning of Share Capital?.

4.When can a company forfeit the shares held by a shareholder ?.

5.Why does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner ?

6.Distinguish between dissolution of partnership and partnership firm on the basis of Settlement of assets and liabilities.

7. Vishesh Ltd. issued 10,000, 10% Debentures of Rs.100 each on 1st April,

2012. The issue was fully subscribed. According to the terms of issue,interest on debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%.Pass the necessary journal entries related to the debenture interest for the half-yearly ending on 31st March, 2013 and transfer of interest on debentures for the year to Statement of Profit and Loss.

8.Pass necessary journal entries in the following cases :

(i) Kim India Ltd. converted 1,000, 9% debentures of 100 each issued at a discount of 10% into equity shares of Rs.100 each issued at a premium of 25%.

(ii) Sonali Ltd. redeemed 6,000, 12% debentures of Rs.100 each which were issued at a discount of Rs.10 per debenture by converting them into equity shares of Rs. 100 each, Rs.90 paid up.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Foreign.