CBSE Class 12 Accountancy Question Paper - Delhi 2013 (1)

CBSE Class 12 Accountancy Question Paper - Delhi 2013 (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.

1. State the provisions of ‘Indian Partnership Act 1932’ relating to sharing of profits in the absence of any provision in the partnership deed. 

2. D Ltd. purchased machinery of Rs. 2,70,000 from V Ltd. The payment was made by the issue of 8% preference shares of Rs. 100 each at a discount of 10%. Pass necessary journal entries.

3. Satyam Ltd. invited applications for issuing 10,000 equity shares of Rs. 100 each at a premium of Rs. 20 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary journal entries.

4. On 1.2.2005 Janta Ltd. converted 9,000, 8% debentures of Rs. 100 each into 8% preference shares of Rs. 100 each issued at a discount of 10%. Pass necessary journal entries for redemption of debentures.

5. A, B and C were partners in a firm sharing profits in the ratio of 2 : 2 : 1. C was guaranteed to be given a profit of Rs. 50,000 per year. Deficiency, if any, on that account shall be borne by A and B in the ratio of 3 : 2. The net profit of the firm for the year ended 31.3.2004 was Rs. 2,00,000. Prepare Profit and Loss Appropriation Account of A, B and C. 

6. Distinguish between a share and a debenture. (Any three points).

7. Briefly explain any four points of the need for the revaluation of assets and liabilities on the reconstitution of a partnership firm.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper - Delhi 2013 (1).