# CBSE Class 12 Accountancy Question Paper 2016 Set 1 Delhi

Read and download CBSE Class 12 Accountancy Question Paper 2016 Set 1 Delhi 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 2016 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 2016 Set 1 Delhi

### Accountancy Class 12 Question Paper 2016

CBSE Class 12 Accountancy Question Paper 2016 Set 1 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)What is the maximum number of partners that a partnership firm can have ? Name the Act that provides for the maximum number of partners in a partnership firm.

2)A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit sharing ratio of A, B, C and D.

3)Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Economic Relationship’.

4)State the provisions of the Companies Act, 2013 for the creation of ‘Debenture Redemption Reserve’.

5)On 1-1-2016 the first call of Rs.3 per share became due on 1,00,000 equity shares issued by Kamini Ltd. Karan a holder of 500 shares did not pay the first call money. Arjun a shareholder holding 1000 shares paid the second and final call of 5 per share along with the first call. Pass the necessary journal entry for the amount received by opening ‘Calls-inarrears’ and ‘Calls-in-advance’ account in the books of the company.

6)Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3:2. During the year ended 31-3-2015 Nusrat had withdrawn Rs.15,000. Interest on her drawings amounted to Rs.300. Pass necessary journal entry for charging interest on drawings assuming that the capitals of the partners were fixed.

7)KTR Ltd., issued 365, 9% Debentures of Rs.1,000 each on 4-3-2016. Pass necessary journal entries for the issue of debentures in the following situations :

(a) When debentures were issued at par redeemable at a premium of 10%.

(b) When debentures were issued at 6% discount redeemable at 5% premium.

Please click below link CBSE Class 12 Accountancy Question Paper 2016 Set 1.