CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment)

CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 3) 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. 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.

2. Differentiate between ‘Profit and Loss Appropriation Account’ and ‘Profit and Loss Suspense Account.’

3.Shahzad, Raja and Sohan were partners in a firm. They admitted Angad Singh, their Landlord as a partner in the firm. Angad Singh who brought sufficient amount of capital and his share of goodwill premium. Angad Singh had given a loan of  Rs.10,00,000 @ 5% p.a. interest to the partnership firm before he became the partner.Now the accountant of the firm is emphasizing that the interest on loan should be paid @ 6% p.a. Is he right in doing so ? Give reason in support of your answer.

4.When forfeited shares are reissued the amount of discount allowed on these sharescannot exceed :

(a) 10% of called up capital per share.

(b) 6% of paid up capital per share.

(c) The amount received per share on forfeited shares. 

(d) The unpaid amount per share on forfeited shares.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment).