CBSE Class XII Accountancy Sample Question Paper 2021-22 : Central Board of Secondary Education
Name of the Board : Central Board of Secondary Education (CBSE)
Class : XII STD
Document Type : Sample Question Paper
Subject : Accountancy
Term : 1 and 2
Year : 2021-22
Website : https://cbseacademic.nic.in/SQP_CLASSXII_2021-22.html
CBSE XII Accountancy Question Paper
CBSE Students can download the Accountancy Sample Question Paper Term 1 and 2 for the year 2021-22 from the website of CBSE Academic.
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Sample Question Paper For CBSE XII Accountancy
From question number 1 to 18, attempt any 15 questions.
1. Gain / loss on revaluation at the time of change in profit sharing ratio of existing partners is shared by ___(i)______ whereas in case of admission of a partner it is shared by____(ii)_____.
(A) (i) Remaining Partners, (ii) All Partners.
(B) (i) All Partners, (ii) Old partners.
(C) (i) New Partner, (ii) All partner.
(D) (i) Sacrificing Partner, (ii) Incoming partner.
2. Calculate the amount of second & final call when Abhijit Ltd, issues Equity shares of ₹10 each at a premium of 40% payable on Application ₹3, On Allotment ₹5, On First Call ₹2.
(A) Second & final call ₹3.
(B) Second & final call ₹4.
(C) Second & final call ₹1.
(D) Second & final call ₹14.
3. Anish Ltd, issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro- rata allotment was made to the applicants of 2,400 shares. If Dhruv has been allotted 40 shares, how many shares he must have applied for?
(A) 40
(B) 44
(C) 48
(D) 52
4. Ambrish Ltd offered 2,00,000 Equity Shares of ₹10 each, of these 1,98,000 shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment and balance on first call. If a shareholder holding 3,000 shares has defaulted on first call, what is the amount of money received on first call?
(A) ₹9,000.
(B) ₹5,85,000.
(C) ₹5,91,000.
(D) ₹6,09,000.
5. What will be the correct sequence of events? (i) Forfeiture of shares. (ii) Default on Calls. (iii) Re-issue of shares. (iv) Amount transferred to capital reserve.
Options:
(A) (i), (iv), (ii), (iii)
(B) (ii), (iv), (i), (iii)
(C) (ii), (i), (iii), (iv)
(D) (iii), (iv), (i) (ii)
6. Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1. Balance Sheet (Extract) Liabilities ₹ Assets ₹ Machinery 40,000 If the value of machinery reflected in the balance sheet is overvalued by 33 %, find out the value of Machinery to be shown in the new Balance Sheet:
(A) ₹ 44,000
(B) ₹48,000
(C) ₹ 32,000
(D) ₹30,000
7. Which of the following is true regarding Salary to a partner when the firm maintains fluctuating capital accounts?
(A) Debit Partner’s Loan A/c and Credit P & L Appropriation A/c.
(B) Debit P & L A/c and Credit Partner’s Capital A/c.
(C) Debit P & L Appropriation A/c and Credit Partner’s Current A/c.
(D) Debit P & L Appropriation A/c and Credit Partner’s Capital A/c.
8. At the time of reconstitution of a partnership firm, recording of an unrecorded liability will lead to:
(A) Gain to the existing partners
(B) Loss to the existing partners
(C) Neither gain nor loss to the existing partners
(D) None of the above
9. E, F and G are partners sharing profits in the ratio of 3:3:2. According to the partnership agreement, G is to get a minimum amount of ₹80,000 as his share of profits every year and any deficiency on this account is to be personally borne by E. The net profit for the year ended 31st March 2021 amounted to ₹3,12 ,000. Calculate the amount of deficiency to be borne by E?
(A) ₹1,000
(B) ₹4,000
(C) ₹8,000
(D) ₹2,000
10. At the time of admission of a partner, what will be the effect of the following information? Balance in Workmen compensation reserve ₹40,000. Claim for workmen compensation ₹45,000.
(A) ₹45,000 Debited to the Partner’s capital Accounts.
(B) ₹40,000 Debited to Revaluation Account.
(C) ₹5,000 Debited to Revaluation Account.
(D) ₹5,000 Credited to Revaluation Account.
Download CBSE XII Accountancy Question Paper
Download CBSE XII Accountancy Term 1 Question Paper Here : https://www.pdfquestion.in/uploads/pdf2022/40308-Term1.pdf
Download CBSE XII Accountancy Term 2 Question Paper Here : https://www.pdfquestion.in/uploads/pdf2022/40308-Term2.pdf