CBSE Class 12 Accountancy Question Paper SA1 2010 (1)

CBSE Class 12 Accountancy Question Paper SA1 2010 (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.

Q.1 What is meant by Not-for profit organisation. 

Q.2 How will you calculate interest on drawings if partner withdrew even amount at the end of every month ? 

Q.3 Mention two factors that affect the value of Goodwill of the firm. 

Q.4 Give one distinguish feature between 'Revaluation Account and Realisation Account'. 

Q.5 Define 'Partnership'. 

Q.6 What is the accounting treatment of accumlated Profits & Reserves at the time of admission of a Partner ? 

Q.7 As a Director of a company you had invited applications for 30,000 shares of Rs. 10 each at par.The total application money received at Rs. 2 per share was Rs. 72,000. Name the kind of subscription. 

Q.8 State two purpose for which securities premium money can be used ?

Q.9 A, B and C are partners in a firm, sharing profits & losses in the ratio of 2:2:1. Their (fixed) capitals were Rs. 1,00,000; Rs. 80,000 & Rs. 70,000 respectively for the year 2009-10 interest on capital was credited to them @ 9% p.a. instead of 12% p.a. Give necessary Journal entry. 

Q.10 What provisions are applicable in the absense of Partnership deed, under following conditions :-

(a) Profit Sharing Ratio

(b) Interest on Capital

(c) Interest on Loan

(d) Partners Salary  

Q.11 A firm earns profit of Rs. 5,00,000. The Normal Rate of Return is 10% the value of total assets Rs. 55,00,000 and Liabilites Rs. 14,00,000. Calculate the value of Goodwill on the basis of 3 years purchase of average super profits.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper SA1 2010 (1).