CBSE Class 12 Accountancy Sample Paper 2017 Set F

Read and download PDF of CBSE Class 12 Accountancy Sample Paper 2017 Set F designed as per the latest curriculum and examination pattern for Class 12 issued by CBSE, NCERT and KVS. The latest Class 12 Accountancy Sample Papers have been provided with solutions so that the students can solve these practice papers and then compare their answers. This will help them to identify mistakes and improvement areas in Accountancy Class 12 which they need to study more to get better marks in Class 12 exams. After solving these guess papers also refer to solved Class 12 Accountancy Question Papers available on our website to build strong understanding of the subject

Sample Paper for Class 12 Accountancy Pdf

Students can refer to the below Class 12 Accountancy Sample Paper designed to help students understand the pattern of questions that will be asked in Class 12 exams. Please download CBSE Class 12 Accountancy Sample Paper 2017 Set F

Accountancy Class 12 Sample Paper

PART A: ACCOUNTING FOR PARTNERSHIP FIRMS AND COMPANIES

Q1. A, B and C are partners sharing profits and losses in the ratio of 5:3:2. C retired and his capital balance after adjustments regarding reserves, accumulated profits/ losses and gain/loss on revaluation was `2,50,000. C was paid `3,00,000 in full settlement. Afterwards D was admitted for 1/4th share. Calculate the amount of goodwill premium brought by D.
Sol: Goodwill share of C= `3,00,000-`2,50,000= `50,000
Firm’s Goodwill = 50,000x10/2= `2,50,000
D’s share in Goodwill= `2,50,000x1/4= `62,500 
 
Q2. A and B were partners in a firm. They admitted C as a new partner for 20% share in the profits. After all adjustments regarding general reserve, goodwill, gain or loss on revaluation, the balances in capital accounts of A and B were `3,85,000 and `4,15,000 respectively. C brought proportionate capital so as to give him 20% share in the profits. Calculate the amount of capital to be brought by C.
Sol: Combined capital of A and B = `3,85,000+`4,15,000= `8,00,000
C’s share=1/5th of total capital
Remaining share= 1-1/5 =4/5
4/5= `8,00,000
C’s capital= `8,00,000x5/4x1/5= `2,00,000 (1)
 
Q3. A and B are partners. The net divisible profit as per Profit and Loss Appropriation A/c is `2,50,000. The total interest on partner’s drawing is `4,000. A’s salary is `4,000 per quarter and B’s salary is `40,000 per annum. Calculate the net profit/loss earned during this year.
Sol. Net Profit during the year=Divisible profits + Salary to partners – Interest on Drawings
= 2,50,000+16,000+40,000-4000= `3,02,000 
 
Q4. ABC Ltd. purchased for cancellation its own 5,000, 9% Debentures of `100 each for `95 per debenture. Brokerage charges `15,000 were incurred. Calculate the amount to be transferred to capital reserve.
Amount paid for 5,000 Debentures=4,75,000+15,000= `4,90,000
The nominal value of debentures to be redeemed/cancelled= `5,00,000
Amount of profit on redemption to be transferred to capital reserve= `5,00,000--`4,90,000= `10,000 
 
Q5. When can shares held by a shareholder be forfeited?
Answer: Shares held by a shareholder can be forfeited for the non-payment of call money due.
 
Q6. A partnership firm has 50 members. All the partners have agreed to admit Ram and Mohan as new partners. Can Ram and Mohan be admitted? Give reason in support of your answer.
Answer: No, Ram and Mohan can’t be admitted as partners.
Reason--- As per the Companies Miscellaneous Rules, 2014 the Maximum number of partners in a partnership firm can be 50.
 
 
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Sample Paper Accountancy Class 12

We hope you liked the above provided CBSE Class 12 Accountancy Sample Paper 2017 Set F. To get an understanding of the type of questions which were asked in exams, it is important for Class 12 students to refer to CBSE Class 12 Accountancy Sample Paper 2017 Set F that we have provided above. Students can download the Sample Paper for Class 12 Accountancy which will be coming in the exams so that you can practise them and solve all types of questions that can be asked in exams. If you do CBSE Class 12 Accountancy Sample Paper 2017 Set F for Class 12 Accountancy you will easily understand the way examination Sample Paper are set by teachers.

Class 12 Accountancy Sample Paper

The latest Sample Paper CBSE Class 12 Accountancy Sample Paper 2017 Set F covers all the topics which have been suggested by CBSE in their Class 12 Accountancy syllabus for the current year. By doing CBSE Class 12 Accountancy Sample Paper 2017 Set F you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked and learn them so that you can get full marks in those questions.

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Accountancy Sample Paper Class 12 with Solutions

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CBSE Class 12 Accountancy Sample Paper with solutions

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