Question Papers For Board Examinations 2024

Class – XII

Subject –Accountancy

• Subject :- Accountancy
• Class : XII
• Year : 2024

PART A
(Accounting for Partnership Firms and Companies) 

1. (a) Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8 : 7 : 5. Damini was admitted as a new partner for 51th share in the profits which she acquired entirely ission will be : 
(A) 7 : 7 : 5 : 1 
(B) 4 : 7 : 5 : 4
(C) 8 : 7 : 5 : 4 
(D) 7 : 5 : 8 : 4
 OR
(b) Rushil and Abheer were partners in a firm sharing profits and losses in the ratio of 4 : 3. They admitted Sunil as a new partner for 73th share in the profits of firm, which he acquired 72th share from Rushil and 71th share from Abheer. The new profit sharing ratio of Rushil, Abheer and Sunil will be : 
(A) 4 : 3 : 3 
(B) 2 : 1 : 3
(C) 2 : 2 : 3 
(D) 4 : 3 : 1

2. Abhay, Boris and Chetan were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Boris was guaranteed a profit of < 95,000. Any deficiency on account of this was to be borne by Abhay and Chetan equally. The firm earned a profit of < 2,00,000 for the year ended 31st March, 2023. The amount given by Abhay to Boris as guaranteed amount will be : 
(A) < 17,500
(B) < 35,000
(C) < 25,000
(D) < 10,000

3. Aavya, Mitansh and Praveen were partners in a firm. On 31st March, 2023, the firm was dissolved. Creditors took over furniture of book value of < 50,000 at < 45,000 in part settlement of their amount of < 60,000. The balance amount was paid to them through cheque. The amount paid through cheque will be : 
(A) < 10,000
(B) < 50,000
(C) < 45,000
(D) < 15,000

4. Piyush, Rajesh and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among : 
(A) Old partners in old ratio
(B) New partners in new ratio
(C) New partners in sacrificing ratio
(D) Old partners in sacrificing ratio

5. Alex, Benn and Cole were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They admitted Dona as a new partner for 51th share in the future profits. Dona agreed to contribute proportionate capital. On the date of admission, capitals of Alex, Benn and Cole after all adjustments were < 1,20,000; < 80,000 and < 1,00,000 respectively.
The amount of capital brought in by Dona will be : 
(A) < 75,000
(B) < 60,000
(C) < 65,000
(D) < 70,000

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