CBSE Class 12 Accountancy Question Paper 2016 Set 1 Delhi

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 During the year ended 31-3-2015 Nusrat had withdrawn Rs.15,000.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.