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CBSE Guess > Papers > Question Papers > Class XII > 2005 > Accountancy > Delhi Set-III


Except for the following questions, all the remaining questions have been asked in Set I. and Set II.



Q. 1. State the provisions of ‘Indian Partnership Act 1932’ relating to sharing of profits in the absence of any provision in the partnership deed. 2

Q. 2. D Ltd. purchased machinery of Rs. 2,70,000 from V Ltd. The payment was made by the issue of 8% preference shares of RS. 100 each at a discount of 10%.
Pass necessary journal entries. 2

Q. 3. Satyam Ltd. Invited application for issuing 10,000 equity shares of Rs. 100 each at a premium of Rs. 20 per share. The whole amount was payable on application. The issue was fully subscribed
Pass necessary journal entries. 2

Q. 4. On 1.2.2005 Janta Ltd. converted 9,000, 8% debentures of Rs. 100 each into 8% preference shares of Rs. 100 each issued at a discount of 10%.
Pass necessary journal entries for redemption of debentures. 2

Q. 5. A, B and C were partners in a firm sharing profit in the ratio of 2 : 2 : 1. C was guaranteed to be given a profit of Rs. 50,000 per year Deficiency, if any, on that accounts shall be borne by A and B in the ratio of 3 : 2.The net profit of the firm for the year ended 31.3.2004 was Rs. 2,00,000
Prepare Profit and Loss Appropriation Account of A, B and C. 3

Q. 6. Distinguish between a share and a debenture. (Any three points) 3

Q. 7. Briefly explain any four points of the need for the revaluation of assets and liabilities on the reconstitution of a partnership-firm. 4



Q. 18. What is meant by analysis of financial statements? What is its importance to shareholders and creditors? 3

Q. 19. Current liabilities of a company are Rs. 1,20,000. Its current ratio is 3.00 and liquid ratio is 0.90. Calculate the amount of Current Assets; Liquid Assets and Inventory. 3

Accountancy 2005 Question Papers Class XII
Delhi Outside Delhi
Indian Colleges Set I Indian Colleges Set I
Indian Colleges Set II Indian Colleges Set II
Indian Colleges Set III Indian Colleges Set III