CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)

CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment). 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. 

ACCOUNTANCY

1. When a new partner is admitted, the balance of ‘General Reserve’ appearing in the

Balance Sheet at the time of admission is credited to :

(a) Profit and Loss Appropriation Account.

(b) Capital Accounts of all the partners.

(c) Capital Accounts of old partners.

(d) Revaluation Account.

2. Kajal, Neerav and Alisha are partners in a firm sharing profits in the ratio of 3 : 2 : 1.They decided to admit Rajan, their landlord as a partner in the firm. Rajan brought sufficient amount of capital and his share of goodwill premium. The accountant of the firm passed the entry of rent paid for the building to Rajan in ‘Profit and Loss Appropriation Account’. Is he correct in doing so ? Give reason in support of your answer.

3. At the time of retirement of a partner ‘Loss on Revaluation’ is debited :

(a) only to the capital account of the retiring partner.

(b) to the capital accounts of all the partners in their old profit sharing ratio.

(c) to the capital accounts of the remaining partners in their new profit sharing ratio.

(d) to the capital accounts of remaining partners in their old profit sharing ratio.

4. Name the account to which the ‘Balance of Debenture Redemption Reserve’ is transferred after all the debentures have been redeemed.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment).