CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set A

Read and download free pdf of CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set A. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy Sure Shot Questions in PDF format prepared as per the latest syllabus and examination pattern in your schools. Class 12 students should practice questions and answers given here for Accountancy in Class 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems with solutions on daily basis to get more score in school exams and tests

Worksheet for Class 12 Accountancy Sure Shot Questions

Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Sure Shot Questions in Class 12. This test paper with questions and answers for Class 12 will be very useful for exams and help you to score good marks

Class 12 Accountancy Worksheet for Sure Shot Questions

1 MARK QUESTIONS (To be answered in one word or one sentence)

1. In order to be successful an organization must change its goals according to the needs to the environment. Which characteristic of management is highlighted in the statement?
 
2. Managerial activities are performed in all types of organizations in all departments at all levels. Which management character is highlighted here?
 
3. Your grandfather has retired where he is responsible for implementing the plans developed by the top management at which level of management was he working? State one more function of this level of management.
 
4. Your grandfather has retired as a Director of manufacturing company. At which level of management was he working?
 
5. The following is not an objective of management
(A) Earning profits 
(b) growth of the organization
(c) Providing employment 
(d) policy making

COMPANY ACCOUNTS – REDEMPTION OF DEBENTURES

Question. Out of the following in which situation companies do not require creation of Debenture Redemption Reserve
(a) When debentures are issued with a maturity period of 18 months or less.
(b) When infrastructure companies issue debentures.
(c) When financial companies issue debentures.
(d) conversion of debentures into shares
Answer : C

Question. A Ltd. had ₹10,00,000 9% debentures due for redemption on 1.10.12 at a premium of 5%. The company had a Debenture Redemption Reserve of ₹1,64,000. How much Debenture Redemption Reserve needs to be created?
(a) ₹ 86,000
(b) ₹ 96,000
(c) ₹ 54,000
(d) ₹ 76,000
Answer : A

Question. Debentures can be redeemed out of
(a) Capital
(b) Surplus Funds
(c) Profits
(d) All of the above
Answer : D

Question. Where is Debenture Redemption Reserve transferred once all debentures are redeemed?
(a) Capital Reserve
(b) General Reserve
(c) Securities Premium Reserve
(d) P&L A/c
Answer : B

Question. P Ltd. redeemed its 360 9% Debentures of ₹100 each which were issued at a premium of 5% by Converting them into equity shares of ₹10 each issued at a discount of 10%. How many shares will be issued for conversion?
(a) 4,200
(b) 4,500
(c) 4,800
(d) 5,000
Answer : A

Part 1 Chapter 01 Accounting for Not-for-Profit Organisation
CBSE Class 12 Accountancy Accounting for Not-for-Profit Organisation Worksheet
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Debentures Worksheet
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet

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CBSE Class 12 Accountancy Sure Shot Questions Worksheet

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Worksheet for Accountancy CBSE Class 12 Sure Shot Questions

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Sure Shot Questions worksheet Accountancy CBSE Class 12

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Sure Shot Questions CBSE Class 12 Accountancy Worksheet

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Worksheet for CBSE Accountancy Class 12 Sure Shot Questions

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