Read and download CBSE Class 12 Accountancy Question Paper 2016 Set 2 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
Accountancy Question Paper Class 12 2016
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 2
Accountancy Class 12 Question Paper 2016
CBSE Class 12 Accountancy Question Paper 2016 Set 2. 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. 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.
2. Distinguish between 'Dissolution of partnership' and 'Dissolution of partnership firm' on the basis of 'Economic Relationship'.
3. State the provisions of Companies Act, 2013 for the creation of 'Debenture Redemption Reserve'.
4.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 During the year ended 31.3.2015 Tom had withdrawn RS 40,000.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.
5. 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.
6. 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.
7.To provide employment to the youth and to develop Baramula district of Jammu and Kashmir, Jyoti Power Ltd. decided to setup a power plant. For raising funds the company decided to issue 8,50,000 equity shares of RS 10 each at a premium of RS 3 per share. The whole amount was payable on application. Applications for 20,00,000 shares were received. Applications for 3,00,000 shares were rejected and shares were alloted to the remaining applicants on pro - rata basis. Pass necessary journal entries for the above transactions in the books of the company and identify any two values which the company wants to propagate.
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.
Pass necessary journal entries for the above transactions in the books of K Ltd.
Please click below link CBSE Class 12 Accountancy Question Paper 2016 Set 2
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