CBSE Class 12 Accountancy Question Paper SA1 2012 (1)

CBSE Class 12 Accountancy Question Paper SA1 2012 (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. Name the account which is akin to classified summary of Cash Book. 

2. While preparing Incomes & Expenditures Account adjustments regarding Accrued Incomes and outstanding expenses are made according to one of the concepts of Accounting. State the name of the concept.

3. What is the purpose of preparing Profit & Loss Appropriation Account. 

4. A, B and C were partners. Their capitals were Rs. 5,00,000; Rs. 3,00,000 and Rs. 1,00,000. At the end of the year they earned profits of Rs. 27,00,000. They had no agreement . A and B wanted to distribute profits in their capital Ratio but C was not agreed upon it. Settle the dispute according to Indian partnership Act 1932. 

5. State any two conditions when ‘Reconstitution of partnership firm take place. 

6. If a partnership firm earn excess average profits then that of earned by other firms engaged in the same kind of business. In this condition excess of average profits over normal will be known as ...?

7. What is the accounting treatment of accumulated profits & Reserves at the time of admission of a new partner ? 

8. What is meant by ‘Nominal Capital’ ?

9.Distinguish between ‘Receipts & Payments Account and Incomes & expenditures Account on the basis of any three points

9. A and B are partners with profit sharing Ratio of 5:4. They decided to admit C as a new partner with 1/9th shares, which he acquired equally from A & B. Calculate new profit sharing ratio of A, B & C. 

10. A and B are partners sharing profits in 3:2. They admit C into the partnership with 1/4th share in future profits. The new profit sharing ratio is 5:4:3. C brings into the business Rs. 50,000 for his capital but could not bring any amount for Goodwill. The firm’s goodwill was valued at Rs. 48,000. Pass journal entries.

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper SA1 2012 (1).