Accountancy CBSE Board Examination
New Delhi:
The Central Board of Secondary Schooling (CBSE) will conduct the board examination for Class 12 Accountancy on Saturday March 23, 2024. College students showing within the examination can go to the official web site of the CBSE to examine query papers of the earlier years to familiarise themselves with the paper sample. Query papers can be found from the board yr 2019 on the official web site of the CBSE.
Excessive mark Accountancy questions from earlier yr paper:
What’s knowledge formatting ? What instruments are used to format a given knowledge ? Clarify.
Listing eight makes use of of accounting software program.
What is supposed by ’Current Worth’ of an funding? Clarify the monetary perform which helps in its calculation.
Clarify the phrases ’Memo Voucher’, ’Put up-dated Voucher’ and ’Person-defined Voucher’.
Which error happens when Excel doesn’t recognise ’textual content’ within the components? State the steps to right it.
The Present Ratio of an organization is 2 : 1. State giving causes, which of the next transactions would enhance, scale back or not change the ratio:
(a) Bought items on credit score < 40,000
(b) Sale of furnishings of < 8,000 at a lack of < 2,000
(c) Money obtained from commerce receivables < 15,000
(d) Issued fairness shares < 6,00,000
Calculate Gross Revenue Ratio from the next data:
Stock Turnover Ratio : 6 occasions
Common Stock : < 4,00,000
Items are offered at a revenue of 25% on value
Classify the next gadgets below main heads and sub-heads (if any) within the Stability Sheet of an organization as per Schedule III, Half I of the Corporations Act, 2013:
(a) Licenses and Franchise
(b) Loans Repayable on Demand
(c) Accrued Earnings
Go needed journal entries for the next transactions referring to the difficulty of debentures:
(a) Gagan Restricted issued < 10,00,000, 9% Debentures of < 100 every at a premium of 5%, redeemable at par after 4 years.
(b) KS Restricted issued < 10,00,000, 10% Debentures of < 100 every at par, redeemable at 10% premium after 4 years.
(c) QR Restricted issued < 10,00,000, 9% Debentures of < 100 every at a reduction of 10%, redeemable at a premium of 5% after 5 years.
Go needed journal entries for the forfeiture and reissue of shares within the following instances :
(i) BCG Restricted forfeited 75 shares of < 10 every issued at a premium of < 4 per share for non-payment of allotment cash of < 8 per share (together with premium). The primary and remaining name of < 4 per share was not made. The forfeited shares have been reissued at < 15 per share absolutely paid.
(ii) Geetika Restricted forfeited 1,200 shares of < 50 every issued at par for non-payment of ultimate name of < 10 per share. Out of those, 900 shares have been reissued at < 45 per share absolutely paid-up.
Pushkar Restricted invited functions for 30,000 shares of < 100 every at 20% premium. The quantity per share was payable as below :
On utility < 40 (together with < 10 premium)
On allotment < 30 (together with <10 premium)
On first name < 30
On second and remaining name Stability