CBSE Class 12 Accountancy Question Paper Solved 2019 Set C

CBSE Class 12 Accountancy Question Paper Solved 2019 Set C. Students can download the last year board exams 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.

PART – A

 (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. What is meant by ‘Gaining Ratio’ on retirement of a partner ?

OR

P, Q and R were partners in a firm. On 31st March, 2018 R retired. The amount payable to R Rs. 2,17,000 was transferred to his loan account. R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. State the rate at which interest will be paid to R.

2. Atul and Neera were partners in a firm sharing profits in the ratio of 3 : 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul’s Capital Account. Calculate the new profit sharing ratio.

3. Chhavi and Neha were partners in a firm sharing profits and losses equally. Chhavi withdrew a fixed amount at the beginning of each quarter. Interest on drawings is charged @ 6% p.a. At the end of the year, interest on Chhavi’s drawings amounted to Rs. 900. Pass necessary journal entry for charging interest on drawings.

4. What is meant by ‘Issued Capital ?

OR

What is meant by ‘Employees Stock Option Plan’ ?

5. How are Specific donations treated while preparing final accounts of a ‘Not-For-Profit Organisation’ ?

OR

State the basis of accounting of preparing ‘Income and Expenditure Account’ of a Not- For-Profit Organisation. 

6. State any two situations when a partnership firm can be compulsorily dissolved. 

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