CBSE Class 12 Accountancy Question Paper 2014 Outside Delhi Set 03

CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Outside Delhi. 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. A Ltd. forfeited 100 equity shares of Rs.10 each issued at a premium of 20% for the non-payment of final call of Rs.5 including premium. State the maximum amount of discount at which these shares can be re-issued.

2. Give the meaning of ‘Reconstitution of a partnership firm’?

3. What is meant by issue of debentures as collateral security ?

4. State the rights acquired by a newly admitted partner.

5. Distinguish between ‘Dissolution of partnership’ and ‘Dissolution ofpartnership firm on the basis of Court’s intervention.

6. D Ltd. invited applications for issuing 10,00,000 equity shares of Rs.10each. The public applied for 8,55,000 shares. Can the company proceed for the allotment of shares ? Give reason in support of your answer.

7. Tata Ltd. issued 5,000, 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 to Statement of Profit and Loss.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Outside Delhi.