CBSE Class 12 Accountancy Question Paper 2022 Set A Solved

PART A: ACCOUNTING FOR PARTNERSHIP FIRMS,NOT-FOR PROFIT ORGANISATIONS AND COMPANIES
 
1 How is dissolution of partnership different from dissolution of partnership firm? 
 
2 Mohan and Shyam are equal partners in a firm. State with reason whether the claim is valid if the partnership agreement is silent and Mohan is an active partner. He wants a salary of ₹10,000 per year.
OR
One of the partners in a partnership firm has withdrawn ₹9,000 at the end of each quarter, throughout the year. Calculate the interest on drawings at the rate of 6% per annum.
 
3 A and B are partners sharing profits and losses in the ratio of 3:2. Their capital accounts showed balances of ₹1,50,000 and ₹2,00,000 respectively on April 01, 2017. Show the treatment of interest on capital for the year ending March 31, 2018, if partnership deed provides for interest on capital @8% p.a. and the firm incurred a loss of ₹10,000 during the year.
OR
State two situations in which interest on partners’ capital is provided.
 
4 What do you understand by the terms legacy and honorarium?
 
5 How much Debenture Redemption Reserve is required in case of fully convertible debentures as per the provision of section 71 (4) of the Companies Act, 2013 read with Rule 18(7) of the Companies (Share Capital and Debentures) Rules 2014.
 
6 Define Debentures.
OR
What is the nature of interest on debenture?
 
 CBSE Class 12 Accountancy Question Paper 2022 Set A Solved
 
8 XYZ Ltd. was registered with an authorized capital of ₹5,00,000 divided into 50,000 equity shares of₹ 10 each. Since the economy was in robust shape, the company decided to offer to the public for subscription 30,000 equity shares of ₹ 10 each at a premium of ₹ 20 per share. Applications for 28,000 shares were received and allotment was made to all the applicants. All calls were made and duly received except the final call of ₹ 2 per share on 200 shares.
Show the ‘Share Capital’ in the Balance Sheet of the company as per the Companies Act 2013. Also prepare Notes to Accounts for the same.
 
9 Sunshine Ltd. purchased machinery costing ₹10,00,000 from Moonlight Ltd. The company paid the price by issue of equity shares of ₹10 each at a premium of 25%. Pass necessary journal entries for the above transactions in the books of Sunshine Ltd.
OR
What do you mean by Debenture Issued as Collateral Security? Explain with an example.
 
10 Give journal entries for the Issue of Debentures in the following conditions:-
a) Issued 2,000, 12% debentures of ₹ 100 each at a discount of 2%, redeemable at a premium of 5%.
b) Issued 2,000, 12% debentures of ₹ 100 each at a premium of 5%, redeemable at a premium of 10%
 
11 Capital employed in a business is ₹2,00,000. The normal rate of return on capital employed is 15%. During the year 2018 the firm earned a profit of ₹48,000. Calculate goodwill on the basis of 3 years purchase of super profit?
 
12 Nair, Seerat and Hina were partners in firm manufacturing blankets. They were sharing profits in the ratio 5:3:2. Their capitals on 1st April 2017 were ₹ 2,00,000; ₹3,00,000 and ₹ 6,00,000 respectively. After the floods in Kerala, all partners decided to help the flood victims personally.
 
For this Nair withdrew ₹10,000 from the firm on 1st September 2017. Seerat, instead of withdrawing cash from the firm took blankets amounting to ₹ 12,000 from the firm and distributed to the flood victims. On the other hand, Hina withdrew ₹ 2,00,000 from her capital on 1st January, 2018 and set-up a centre to provide medical facilities in the flood affected area.
 
The partnership deed provides for charging interest on drawings @ 6% p.a. After the final accounts were prepared, it was discovered that interest on drawings had not been charged.
 
Give the necessary adjusting journal entry and show the working notes clearly. Also state any two values that the partners wanted to communicate to the society.
 
13 R, S and H were partners in a firm sharing profits in the ratio 7:2:1 respectively. Their fixed capitals were R- ₹ 3,00,000; S ₹ 2,00,000 and H ₹ 1,00,000. The partnership deed provided for the following for the division of profit.
i. 10% of the trading profits will be transferred to reserve account.
ii. H was guaranteed a profit of ₹ 50,000. Any loss because of guarantee to H will be shared by R and S equally.
The trading profit of the firm for the year ended 31st March 2017 was ₹ 2,00,000. Prepare Profit and Loss Appropriation account and Current account for the partners for the year ended 31st March 2017.
 
 
14 On April 1, 2013, XY Limited issued ₹ 9,00,000 10% debentures at a discount of 9%. The debentures were to be redeemed in three equal annual instalments starting from March 31, 2015. Prepare ‘Discount on Issue of Debenture Account’ for the first three years starting from April 1, 2013. Also show your workings clearly.


Please click on below link to download CBSE Class 12 Accountancy Question Paper 2022 Set A Solved

 


Click to View or Download pdf file
Click for more Accountancy Study Material
2021
CBSE Class 12 Accountancy Question Paper 2021 Set A Solved
CBSE Class 12 Accountancy Question Paper 2021 Set B Solved
CBSE Class 12 Accountancy Question Paper 2021 Set C Solved
CBSE Class 12 Accountancy Question Paper 2021 Set D Solved
2020
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set B
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set C
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set D
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set E
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set F
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set H
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set J
CBSE Class 12 Accountancy Compartment Question Paper Solved 2020
CBSE Class 12 Accountancy Question Paper 2020 Set A
CBSE Class 12 Accountancy Question Paper 2020 Set B
2019
CBSE Class 12 Accountancy Question Paper Solved 2019 Set A
CBSE Class 12 Accountancy Question Paper Solved 2019 Set B
CBSE Class 12 Accountancy Question Paper Solved 2019 Set C
CBSE Class 12 Accountancy Question Paper Solved 2019 Set D
CBSE Class 12 Accountancy Question Paper Solved 2019 Set E
CBSE Class 12 Accountancy Question Paper Solved 2019 Set F
CBSE Class 12 Accountancy Question Paper Solved 2019 Set G
CBSE Class 12 Accountancy Question Paper Solved 2019 Set H
CBSE Class 12 Accountancy Question Paper Solved 2019 Set I
CBSE Class 12 Accountancy Question Paper Solved 2019 Set J
CBSE Class 12 Accountancy Question Paper Solved 2019 Set K
CBSE Class 12 Accountancy Question Paper Solved 2019 Set L
CBSE Class 12 Accountancy Question Paper Solved 2019 Set M
CBSE Class 12 Accountancy Question Paper Solved 2019 Set N
CBSE Class 12 Accountancy Question Paper Solved 2019 Set O
2018
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 1
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 2
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 3
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 1
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 2
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3
2017
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (3)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (3)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (3)
2016
CBSE Class 12 Accountancy Question Paper 2016 Set 1
CBSE Class 12 Accountancy Question Paper 2016 Set 1 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 1 Foreign
CBSE Class 12 Accountancy Question Paper 2016 Set 2
CBSE Class 12 Accountancy Question Paper 2016 Set 2 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 2 Foreign
CBSE Class 12 Accountancy Question Paper 2016 Set 3
CBSE Class 12 Accountancy Question Paper 2016 Set 3 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 3 Foreign
2015
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 2 with Answers (Reval)
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 (Reval)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 1) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 2) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)
2014
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Outside Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Outside Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Outside Delhi
CBSE Class 12 Accountancy Question Paper SA1 2014 (1)
CBSE Class 12 Accountancy Question Paper SA1 2014 (2)
CBSE Class 12 Accountancy Question Paper SA1 2014 (3)
CBSE Class 12 Accountancy Question Paper SA2 2014
2013
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (1)
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (2)
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (3)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (1)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (2)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (3)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (1)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (2)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (3)
CBSE Class 12 Accountancy Question paper 2013
CBSE Class 12 Accountancy Question Paper SA1 2013
CBSE Class 12 Accountancy Question Paper SA2 2013
2012
CBSE Class 12 Accountancy Question Paper 2012
CBSE Class 12 Accountancy Question Paper SA1 2012 (1)
CBSE Class 12 Accountancy Question Paper SA1 2012 (2)
2011
CBSE Class 12 Accountancy Question paper 2011
2010
CBSE Class 12 Accountancy Question Paper SA1 2010 (1)
2009
CBSE Class 12 Accountancy Question paper 2009
2008
Accountancy Question paper 2008
CBSE Class 12 Accountancy Question Paper 2008
CBSE Class 12 Accounts Question Paper 2008
CBSE Class 12 Accounts Question Paper 2008 Answers(2)
CBSE Class 12 Accounts Question Paper 2008(2)
2007
CBSE Class 12 Accountancy Question Paper 2007 (1)
CBSE Class 12 Accountancy Question Paper 2007 (2)
CBSE Class 12 Accountancy Question Paper 2007 (3)
2006
CBSE Class 12 Accountancy Question Paper 2006 (1)
CBSE Class 12 Accountancy Question Paper 2006 (2)
CBSE Class 12 Accountancy Question Paper 2006 (3)
CBSE Class 12 Accountancy Question Paper 2006 (4)
2005
CBSE Class 12 Accountancy Question Paper 2005 (1)
CBSE Class 12 Accountancy Question Paper 2005 (2)
* More Question Papers
CBSE Class XII Accountancy Question Paper 1
CBSE Class XII Accountancy Question Paper 2
CBSE Class XII Accountancy Question Paper 3
CBSE Class XII Accountancy Question Paper 4
CBSE Class XII Accountancy Question Paper 2009
CBSE Class 12 Accountancy Question Paper 2022 Set A Solved
CBSE Class 12 Accountancy Question Paper 2022 Set B Solved
CBSE Class 12 Accountancy Question Paper 2022 Set C Solved
CBSE Class 12 Accountancy Question Paper 2022 Set D Solved

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Pariksha Pe Charcha 2022

The 5th edition of Pariskhas Pe Charcha the unique interactive program of Hon’ble Prime Minister with students teaches and parents will be held through virtual mode in February, 2022. In order to select participants who will be featured in Pariksha Pe Charcha programme...

National Youth Day and Birth Anniversary of Swami Vivekananda

Ministry of Education, Govt. of India vide D.O No. 12-4/2021-IS.4 dated 04.01.2022 intimated that 12 January 2022 will be celebrated as “National Youth Day” and “Birth Anniversary of Swami Vivekananda”.   All Schools affiliated to CBSE may celebrate 12 January 2022 as...

Celebration of Matribhasha Diwas Mother Language day

UNESCO has declared 21st February of every year to be celebrated as International Mother Language day to promote dissemination of Mother Language of all, create awareness of linguistic and cultural traditions and diversity across the world and to inspire solidarity...

CBSE Science Challenge 2021 22

Science is inexplicably linked with our lives and helps us to understand the world around us better. Scientific and technological developments contribute to progress and help improve our standards of living. By engaging with this subject, students learn to think, solve...

Heritage India Quiz 2021 2022

CBSE Heritage India Quiz is conducted every year to raise the awareness about the preserving human heritage, diversity and vulnerability of the India's built monuments and heritage sites. It is an attempt of the Board to motivate the future generations of this country...

CBSE Term 2 Board Examinations

CBSE vide Circular No.Acad-51/2021 dated 5th July, 2021, notified that in the session 2021-2022, Board Examinations would be conducted in two terms, i.e.. Term I and Term II. This decision was taken due to the uncertainty arising out of COVID 19 Pandemic. Term I...