Organisation : Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE)
Exam Name : HSC Exam 2024
Class : Class 12th
Subject : Book Keeping & Accountancy
Download : Question Paper
Website : https://mahahsscboard.in/mr/questionPaper
MSBSHSE Class 12th Book Keeping & Accountancy Question Paper
Q. 1. Attempt all of the following subquestions :
Related / Similar Question Paper : MSBSHSE Class 12th Organisation of Commerce & Management 2024 Question Paper
(A) Find the odd one :
(1) Subscribed Capital, Called up Capital, Paid up Capital, Equity Shares.
(2) Building, Bills Payable, Furniture, Machinery.
(3) Retaining of Bill, Noting of Bill, Discounting of Bill, Endorsing of Bill.
(4) Audit Fees, Insurance, Medical Expenses, Sundry Receipts.
(5) General Reserve, Creditors, Investments, Capital.
(B) Do you agree or disagree with the following statements :
(1) ‘Not for Profit’ concerns do not prepare Balance Sheet.
(2) Current Account always shows a debit balance.
(3) A Bill of Exchange is a conditional order
(4) Retiring partner is entitled to share in Reserve Fund and Accumulated Profit.
(5) On dissolution, Cash or Bank account is closed automatically.
(C) Select the most appropriate alternative from those given below and rewrite the statements :
(1) In case of dissolution, assets and liabilities are transferred to _____Account.
(a) Bank
(b) Partners’ Capital
(c) Realisation
(d) Partners’ Current
(2) In the absence of an agreement, interest on loan advance by the partner to the firm is allowed at the rate of _____.
(a) 5%
(b) 6%
(c) 10%
(d) 9%
(3) If an asset is taken over by the partner, _____ account is debited.
(a) Revaluation
(b) Capital
(c) Asset
(d) Balance Sheet
(4) The balance of Capital Account of a retired partner is transferred to his _____ Account, if it is not paid.
(a) Loan
(b) Personal
(c) Current
(d) Son’s
(5) Income and Expenditure Account is a _____ Account.
(a) Capital
(b) Real
(c) Personal
(d) Nominal
(D) Write a word / term / phrase as a substitute for each of the following statements :
(1) Tally software is classified into this category.
(2) Partnership Agreement in written form.
(3) An asset which can be converted into cash immediately.
(4) A person who represents the deceased partner.
(5) The debit balance of Income and Expenditure Account.
Mohini Company Limited issued 25,000 equity shares of Rs.100 each payable as follows:
On application Rs. 20
On allotment Rs. 30
On first call Rs. 20
On second and final call Rs. 30
Applications were received for 22,000 equity shares and allotment of shares were made to them. All money received by the company. Pass Journal Entries in the books of Mohini Co. Ltd.
OR
Write the features of Computerized Accounting System
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