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CBSE Class 12 Accountancy Question Paper 2016 Set 1. The 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. A group of 40 people wants to form a partnership firm. They want your advice regarding the maximum number of persons that can be there in a partnership firm and the name of the Act under whose provisions it is given.
2. P, Q and R were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted S as a new partner for 1/8 th share in the profits which he acquired 1/16th from P and 1/16th from Q.
Calculate new profit sharing ratio of P, Q, R and S.
3. On 28.2.2016 the first call of RS 2 per share became due on 50,000 equity shares alloted by Kumar Ltd. Komal a holder of 1000 shares did not pay the first call money. Kovil a holder of 750 shares paid the second and final call of RS 4 per share alongwith the first call.
Pass the necessary journal entry for the amount received by opening calls - in - arrears and calls - in - advance account in the books of the company.
4. Distinguish between 'Dissolution of partnership' and 'Dissolution of partnership firm' on the basis of 'Economic Relationship'.
5. State the provisions of Companies Act, 2013 for the creation of 'Debenture Redemption Reserve'.
6. tom and Harry were partners in a firm sharing profits in the ratio of 5 : 3. During the year ended 31.3.2015 Tom had withdrawn RS 40,000. Interest on his drawings amounted to RS 2,000.
Pass necessary journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating.
7. State any three circumstances other than (i) death of a partner, (ii) admission of a partner and (iii) retirement of a partner when need for valuation of goodwill of a firm may arise.
8. K Ltd. took over the assets of RS 15,00,000 and liabilities of RS 5,00,000 of P Ltd. for a purchase consideration of RS 13,68,500. RS 25,500 were paid by issuing a promissory note in favour of P Ltd. payable after two months and the balance was paid by issue of equity shares of RS 100 each at a premium of 25.
Please click below link CBSE Class 12 Accountancy Question Paper 2016 Set 1
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CBSE Class 12 Accountancy Question Paper 2016 Set 01 & Previous Year Question Papers for Class 12 Accountancy
Previous Year Question Papers: Class 12 Accountancy
Access structured past examination sets for Class 12 Accountancy. Solving the CBSE Class 12 Accountancy Question Paper 2016 Set 01 provided above helps students understand actual exam difficulty levels, question formats, and topic distributions for both descriptive and objective sections.
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FAQs
The CBSE Class 12 Accountancy Question Paper 2016 Set 01 is available for download on StudiesToday.com. It includes complete set with all sections so that Class 12 students can practice with the exact same paper that came in the CBSE exams.
Yes, the solutions for CBSE Class 12 Accountancy Question Paper 2016 Set 01 are prepared by subject matter experts as per official marking scheme. Class 12 students will understand the structure of answers and 'step-marks' methodology Accountancy.
Solving previous year papers like CBSE Class 12 Accountancy Question Paper 2016 Set 01 is important to understand repeat themes and question difficulty levels of Accountancy. It helps Class 12 students to test their time management skills too.
Yes, where applicable, CBSE Class 12 Accountancy Question Paper 2016 Set 01 is available in both English and Hindi mediums. All students from Class 12 can access Accountancy study material in their preferred language.
No, all previous year question papers on StudiesToday, including CBSE Class 12 Accountancy Question Paper 2016 Set 01, are provided free of charge in mobile-friendly PDF.