(Guess Paper) CBSE : Class - XII Guess Paper 2010 : Accountancy

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CBSE Guess Paper 2010 : Accountancy
Class - XII


1. Give two main sources of income of a ‘Not for Profit Organisations’. 1
2.
What do you mean by ‘Registered Debentures’? 1
3.
What are the features of Receipts and Payments Account? 1
4.
Why is P & L appropriation A/c prepared by partnership firm? 1
5.
Mention any two provisions of the Partnership Act, in the Absence of Partnership deed? 1
6.
Write a note on minimum subscripiton? 2
7.
List the vapious methods by which we can issue debenture? 2
8.
From the following informations calculate the amount of subscriptions for the year 2008-09.

subscriptions received during the year

90000

subscriptions outstanding 31 March 2008

20000

subscriptions outstanding 31 March 2009

20000

subscriptions received in advance on 31 March 2008

20000

subscriptions received in advance on 31 March 2009

20000

subscription of Rs. 5000 are still in arrears for the year 2007-08. 3

9. The promising company ltd. Took over assets of rs 3,50,000 & liabilites of rs 30,000 of x ltd. For a purchase consideration of rs 3,30,000. The promising company ltd. Paid the purchase consideratio n by issuing 12% debenture of rs 100 each at 10 % premium. Give journal entries in the books of promising ltd. 3

10. AKS Ltd. purchased the business of PR Ltd. for a purchase consideration of Rs. 250,000. Assets of PR Ltd. were of value Rs. 180,000, whereas its liabilities were of value Rs. 40,000. PR Ltd. was issued 10%Debentures of Rs. 100 each at par for the same. Journalise in the books of AKS Ltd. 3