CBSE Class 12 Accountancy Sample Paper 2014 Set 09

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PART A

(Accounting for Partnership Firms and Companies)

1.In the absence of a Partnership Deed how interest on capital is allowed to partners? 

2. List out any two factors affecting goodwill 

3. What journal entry will you pass when a partner agrees to pay the realization expenses on behalf of the firm ? 

4. A and B share profits and losses in the ratio of 4:3. They admit C with 3/7th share, which he gets 2/7th from A and 1/7th from B. What is the new ratio ? 

5. What is Calls-in-arrears ? 

6. What is meant by ‘Under subscription of shares’? 

7.Give the meaning of ‘Irredeemable debenture’. 

8. A firm earns Rs.60,000 as its annual profits, the normal profits being 10%. The assets of the firm amount to Rs.7,20,000 (excluding goodwill) and Liabilities to Rs.2,40,000. Find out the value of goodwill by Capitalisation Method. 

9. Show by means of journal entry, how you would record the following issue.

B Ltd issues 30,000; 10% Debentures of Rs.100 each at a discount of 5% to be repaid at par at the end of 5years. 

10. X Ltd took over assets of Rs.7,00,000 and liabilities of Rs.60,000 of W Ltd for the purchase consideration of Rs.6,60,000. X Ltd paid the purchase consideration by issuing debentures of Rs.100 each at 10% premium. Give journal entries in the books of X Ltd. 

11.Pass journal entries for the following transactions on the Dissolution of the firm of T and P after the various assets (other than Cash) and outside liabilities have been transferred to Realisation a/c:

(a) Bank loan Rs.34,000 was paid.

(b) Furniture worth Rs.70,000 was taken over by partner T at Rs.43,000.

(c) Partner P agreed to pay a creditor Rs.7,500

(d) Partner’s loan was paid off Rs.10,000 

12.A and B are partners in a firm sharing profits and losses in the ratio of 3:2. They admit C into partnership for 1/5th share. C brings in Rs.30,000 as capital and Rs.10,000 as goodwill. At the time of admission of C, goodwill appears in the Balance sheet of A and B at Rs.3,000. The new ratio of the partners will be 5:3:2. Pass necessary entries.

 

Please click the below link to access CBSE Class 12 Accountancy Sample Paper 2014 Set I

CBSE Class 12 Accountancy Sample Paper 2014 Set 09 & Sample Question Papers for Class 12 Accountancy

Access Sample Papers for Class 12 Accountancy

Access structured sample papers for Class 12 Accountancy. Solving the CBSE Class 12 Accountancy Sample Paper 2014 Set 09 provided above helps students understand official exam blueprints and tackle anticipated question formats with confidence.

Key Advantages of Solving CBSE Class 12 Accountancy Sample Paper 2014 Set 09

  • Exam Blueprint: Understand mark allocations and structural guidelines relevant to Class 12 evaluations.
  • Targeted Improvement: Identify weak areas in Class 12 Accountancy requiring focused revision.
  • Pacing & Precision: Practice mixed question formats to build execution speed and ensure timely paper completion.

Steps to Follow After Completing CBSE Class 12 Accountancy Sample Paper 2014 Set 09

  1. Verify Answers: Compare your responses against professional teacher solutions provided in the sample paper keys.
  2. Error Analysis: Class 12 learners must review incorrect answers carefully to understand underlying mistakes.
  3. Concept Reinforcement: Consult the official NCERT book for Class 12 Accountancy when stuck before re-attempting problems.

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