Read and download CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval) 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
Question Paper for Class 12 Accountancy 2015 Pdf
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 2015 Foreign Set 3 with Answers (Reval)
Accountancy Class 12 Question Paper 2015
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval). 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
(Accounting for Partnership Firms and Companies)
1. ‘Samta Limited’ invited applications for issuing 6,750 equity shares of Rs.10 each. The amount was payable as follows :
On application – Rs.3 per share
On allotment – Rs.5 per share
On first and final call – Rs. 2 per share
The issue was fully subscribed. Subhash applied for 250 shares and paid his entire share money with application. Moti applied for 175 shares and paid allotment money also with application. The amount received with applications was :
(a) Rs.16,750
(b) Rs.16,000
(c) Rs.19,250
(d) Rs. 22,875
2. Give the meaning of forfeiture of shares.
3. Deepak, Farukh and Lilly were partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 28.2.2015 Farukh retired from the firm. On Farukh’s retirement there was a balance of Rs.12,000 in Workmen’s Compensation Reserve which was no more required. On Farukh’s retirement this amount will be :
(a) Debited to the Capital accounts of all the partners in their profit sharing ratio.
(b) Credited to the Capital accounts of all the partners in their profit sharing ratio.
(c) Credited to the Capital accounts of Deepak and Lilly in their profit sharing ratio.
(d) Credited to the Capital account of Farukh.
4. Anurag and Bhawana entered into partnership on 1.4.2014. On 1.1.2015 they admitted Monika as a new partner for th 10 3 share in the profits which she acquired equally from Anurag and Bhawana. The new profit sharing ratio of Anurag, Bhawana and Monika was 4 : 3 : 3. Calculate the profit sharing ratio of Anurag and Bhawana at the time of forming the partnership.
5. Kamal and Vimal were partners in a firm sharing profits in the ratio of 3 : 2. Ghosh was admitted as a new partner for 1⁄5 share in the profits. On Ghosh’s admission the Balance Sheet of the firm showed a credit balance of Rs.10,000 in its Profit and Loss Account which was debited by the accountant of the firm in the accounts of Kamal and Vimal. Did the accountant give correct treatment to the balance of Profit and Loss Account ? If ‘yes’ give the reason and if ‘not’ give the correct treatment.
6. In the absence of partnership agreement, interest on drawings of a partner is charged :
(i) at 6% per annum.
(ii) at 9% per annum.
(iii) at 12% per annum.
(iv) no interest is charged.
Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2012 |
CBSE Class 12 Accountancy Question Paper SA1 2012 (1) |
CBSE Class 12 Accountancy Question Paper SA1 2012 (2) |
CBSE Class 12 Accountancy Question Paper 2007 (1) |
CBSE Class 12 Accountancy Question Paper 2007 (2) |
CBSE Class 12 Accountancy Question Paper 2007 (3) |