CBSE Class 12 Accountancy Sample Paper SA1 2015

CBSE Class 12 Accountancy Sample Paper SA1 2015.Sample Papers are the very important for every student. The sample papers should be practiced to gain extra marks in examinations. The sample papers have been prepared based on summative assessment1 and summative assessment 2 pattern. The sample papers have been prepared based on pattern of last year examinations and as per latest changes in the syllabus. Students, teachers and parents can download all CBSE educational material and very well prepared worksheets from this website.  All CBSE educational material is developed by our panel of teachers, have also been submitted by CBSE teachers and students. 

PART A – ACCOUNTANCY FOR PARTNERSHIP

1. What is the minimum amount of the discount at which forfeited shares can be re-issued? 

2. What is the procedure of treatment of losses in case of dissolution of the firm under section 48? 

3. Name the method of redemption of debenture which does not involve outflow of cash. 

4. A and B are partners. C is admitted for ¼ share. What is the ratio in which A and B will sacrifice their share in favour of C? 

5. How the Debenture Redemption Reserve Account is closed? 

6. If equal amount is drawn at the end of each quarter, for what period the interest or total drawings will be calculated? 

7. If a retiring partner is not paid immediately on retirement, how should his account be shown in subsequent balance sheet? 

8. Pass journal entries for the following transactions in the books of Jai Hind Ltd. 

a) Redeemed 800, 12% Debentures of Rs 100 each by converting them in shares of Rs 100 each issued at 25% premium.

b) Company had a balance of 6,00,000, 12% debentures. Out of these 25% debentures were redeemed by draw of lots at a premium of 25%.

9. Ravi and Kishan were partners in a firm sharing profits in the ratio of 5:3 their fixed capitals on 1.4.2010 were Ravi Rs. 60,000 and Kishan Rs. 80,000 they agreed to allow interest on Capital @12% per annum and to charge on drawing @15% per annum. The profit of the firm for the year ended 31.3.2011 before all the above adjustments were Rs. 12,600. The drawing made by Ravi were Rs. 2,000 and by Kishan Rs. 4,000 during the year. Prepare Profit and Loss appropriation Account of Ravi and Kishan. Show your calculations clearly. The Interest on Capital will be allowed even if the firm incurs losses. (3)

10. Lara Ltd. Issued 2,000, 9% Debentures of Rs. 100 each, payable as follows: 

On Application Rs. 20

On Allotment Rs. 20

On First Call Rs. 30

On Final Call Rs. 30

The public applied for 2,400 debentures. Applications for 1,800 debentures were accepted in full.Applications for 400 debentures were allotted 200 debentures and applications for 200 debentures were rejected. Pass the necessary journal entries.

11. Javed and Salim were partners in a jewellery business in the ratio of 4:3. But due to lack of creative designing in the Jewellery they were not earning the profits according to their investments. Nikhil suggested to take Om as a partner as he has done the latest jewellery designing course and was good in designing. But they were afraid that due to not having sufficient profit Om will not join their business

Please click the below link to access CBSE Class 12 Accountancy Sample Paper SA1 2015.

Tags: 

 


Click to View or Download pdf file
Click for more Accountancy Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

TERI Green Olympiad 2020

Green Olympiad is a value driven project conducted by TERI (The Energy and Resources Institute) for school students annually since 1999. This Olympiad assesses the environment quotient of students and also enhances their understanding on issues related to sustainable...

National Online Painting Championship

The National Mission for Clean Ganga, Ministry of Jal Shakti in collaboration with Kalantar Art Trust is organizing KALANTAR-2020: National Online Painting Championship with the aim to provide a platform to youth and school children to demonstrate their artistic skills...

Revised SOP preventive measures followed while conducting examinations

Revised SOP on preventive measures to be followed while conducting examinations to contain spread of COVID-19 issued by Ministry of Health & Family Welfare Examination centres are frequented by large number of students (as well as their parents) and staff till the...

Training of CBSE School Teachers on Olabs

Training of CBSE School Teachers on Olabs in collaboration with C-DAC Mumbai: OLabs is a platform jointly developed by the Ministry of Electronics and Telecommunications, Government of India, CDAC, and Amrita University to facilitate a virtual experience of CBSE...

Conduct of the practical work during the lockdown

CBSE has advised schools to follow the Alternative Calendar developed by NCERT to continue education during the lockdown through alternative modes to achieve learning outcomes. Schools have reportedly started using these calendars and other prescribed pedagogical...

NEP Transforming India Quiz

As a part of Shikshak Parv celebration, an online quiz competition on National Education Policy 2020 will be organized by the Ministry of Education, Govt. of India, from 5 th September to 25th September 2020 in order to create awareness about NEP among all stakeholders...

×
Studies Today