Check Class 12 Accountancy Sample Paper 2019 by CBSE

By | March 5, 2019

Download CBSE Class 12 Accountancy Sample Paper 2019 in PDF structure along side its solutions and newest marking scheme. CSBE has not too long ago launched Sample Papers for Science, Commerce and different topics of Class 12th. This Sample Paper is in line with newest CBSE Class 12 Syllabus and very important for the preparation of CBSE Class 12 Board Exam 2019.

Preview: CBSE Class 12 Accountancy Sample Paper 2019

• Time Allowed: 3 Hours

• Maximum Marks: 80

General Instructions:

(1) This query paper incorporates two parts- A and B.

(2) All components of a query must be tried at one position.

Part – A

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

Question1. Land and Building (guide worth) ₹ 1,60,000 bought for ₹ 3,00,000 thru a dealer who charged 2% fee at the deal. Journalise the transaction, on the time of dissolution of the company.

Solution1.

Date

Particulars

L.F

Amount (₹)

Amount (₹)

 

Cash A/c            Dr.

To Realisation A/c

(Being land and development bought thru dealer, paid 2% of realisable worth to dealer)

 

2,94,000

 

2,94,000

Question2. Why is it vital to revalue property and liabilities of a company in case of admission of a spouse?

Solution2.

It is vital to revalue property and liabilities of a company in case of admission of a spouse in order that the incoming spouse is neither put to a bonus nor to downside because of exchange available in the market worth of property and liabilities.

OR

Question2. State any two causes for the preparation of ‘Revaluation Account’ at time of admission of a spouse.

Solution2.

Two causes for preparation of ‘Revaluation Account’ at time of admission of a spouse are:-

(i) To report the impact of revaluation of property and liabilities.

(ii) To make sure that the earnings or losses on revaluation of property and liabilities could also be divided among the previous companions.

Question3. State the root of accounting on which “Receipt and Payment Account” is ready in case of Not-for Profit Organisation.

Solution3.

“Receipt and Payment Account” in case of Not-for-Profit Organisation is ready on Cash Basis of Accounting.

OR

Question3. What would be the remedy of ‘Subscription won prematurely’ all the way through the present yr within the Balance Sheet of a Not-For-Profit Organisation?

Soution3.

Subscription won prematurely all the way through the present yr is recorded at the legal responsibility facet of present yr’s Balance Sheet.

Question4.

One of the companions in a partnership company has withdrawn ₹ 9,000 on the finish of every quarter, during the yr. Calculate pastime on drawings on the charge of 6% according to annum.

Soution4.

Interest on drawings = ₹ 9,000 × 4 × (6/100) × (4.5/12)

Interest on drawings = ₹ 810

Question5.

A, B and C are companions in a company sharing cash in and losses within the ratio of three:2:1. B died on 1st April, 2018. C, son of B, is of the opinion that he’s the rightful proprietor of his father’s proportion of earnings, and the earnings of the company must be now shared between A and C similarly. A does no longer agree. Settle the dispute between A and C by giving reason why.

Soution5.

C isn’t right kind in his declare, until agreed; new cash in sharing ratio of the continued companions stays identical as their previous profit- sharing ratio i.e. 3:1.

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All the questions are to be had in PDF of the Sample Paper.

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