CBSE Academic Class XII Accountancy Sample Question Paper 2022-23
Name of the Board : Central Board of Secondary Education (CBSE)
Class : XII STD
Document Type : Sample Question Paper
Subject : Accountancy
Year : 2022-23
Website : https://cbseacademic.nic.in/SQP_CLASSXII_2022-23.html
CBSE XII Accountancy Sample Question Paper
CBSE Students can download the Accountancy Sample Question Paper for the year 2022-23 from the website of CBSE Academic.
Related / Similar Scholarship : CBSE Academic Class XII Bharatanatyam Sample Question Paper 2022-23
CBSE Accountancy Sample Question Paper
1. Navya and Radhey were partners sharing profits and losses in the ratio of 3: 1. Shreya was admitted for 1/5th share in the profits. Shreya was unable to bring her share of goodwill premium in cash. The journal entry recorded for goodwill premium is given below:
Date Particular LF Debit(₹) Credit(₹)
Shreya’s Current A/c. Dr. 24,000, 8,000 16,000
To Navya’s Capital A/c.
To Radhey’s Capital A/c
(Being entry for goodwill treatment passed)
The new profit-sharing ratio of Navya, Radhey and Shreya will be:
a) 41: 7: 12
b) 13:12: 10
c) 3:1: 1
d) 5:3: 2
2. Assertion (A):- Commission provided to partner is shown in Profit and Loss A/c. Reason (R):- Commission provided to partner is charge against profits and is to be provided at fixed rate.
a) (A) is correct but (R) is wrong
b) Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
c) Both (A) and (R) are incorrect.
d) Both (A) and (R) are correct, and (R) is the correct explanation of (A)
3. A share of ₹ 10 each, issued at ₹ 4 premium out of which ₹ 7 (including ₹ 1 premium) was called up and paid up. The uncalled Capital will be ___________.
a) ₹ 7 per share
b) ₹ 4 per share
c) ₹ 8 per share
d) ₹ 3 per share
OR
While issuing ___________ type of Debentures, company doesn’t give any undertaking for the repayment of money borrowed by issuing such debentures.
a) Zero Coupon Rate Debentures
b) Non-Convertible Debentures
c) Secured Debentures
d) Non-Redeemable Debentures
4. Samiksha, Arshiya and Divya were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. With effect from 1st April 2022, they agreed to share future profits and losses in the ratio of 2: 5: 3. Their Balance Sheet showed a debit balance of ₹ 50,000 in the Profit and Loss Account and a balance of ₹ 40,000 in the Investment Fluctuation Fund. The market value of an investment is ₹30,000 against the book value of ₹50,000. Partners have decided, not to show revised valued in the balance sheet and to pass an adjusting entry for it. Which of the following is the correct treatment of the above?
a) Samiksha’s Capital A/c. Dr. To Arshiya’s Capital A/c. To Divya’s Capital A/c 9,000,6,000 3,000
b) Arshiya’s Capital A/c. Dr. To Samiksha’s Capital A/c. To Divya’s Capital A/c. 5,000,2,000 3,000
c) Arshiya’s Capital A/c. Dr. Divya’s Capital A/c. Dr. To Samiksha’s Capital A/c 2,000,1,000 3,000
d) Arshiya’s Capital A/c. Dr. Divya’s Capital A/c. Dr. To Samiksha’s Capital A/c 6,000,3,000 9,000
Or
Sohan and Mohan are partners sharing profits and losses in the ratio of 2:3 with the capitals of ₹ 5,00,000 and ₹ 6,00,000 respectively. On 1st January 2022, Sohan and Mohan granted loans of ₹ 20,000 and ₹ 10,000 respectively to the firm. Determine the amount of loss to be borne by each partner for the year ended 31st March 2022 if the loss before interest for the year amounted to ₹ 2,500.
a) Share of Loss Sohan –₹ 1,250 Mohan – ₹ 1,250
b) Share of Loss Sohan –₹ 1,000 Mohan – ₹ 1,500
c) Share of Loss Sohan –₹ 820 Mohan – ₹ 1,230
d) Share of Loss Sohan –₹ 1,180 Mohan – ₹ 1,770
5. Vihaan and Mann are partners sharing profits and losses in the ratio of 3:2. The firm maintains fluctuating capital accounts and the balance of the same as on 31st March 2022 is ₹ 4,00,000 and ₹ 4,65,000 for Vihaan and Mann respectively. Drawings during the year were ₹ 65,000 each. As per the partnership Deed, Interest on capital @ 10% p.a. on Opening Capital has been allowed to them. Calculate the opening capital of Vihaan given that the divisible profits during the year 2021-22 was ₹ 2,25,000.
a) ₹ 3,30,000
b) ₹ 4,40,000
c) ₹ 4,00,000
d) ₹ 3,00,000
Download CBSE XII Accountancy Question Paper
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https://www.pdfquestion.in/uploads/pdf2022/41005.pdf