BSEB Class XII Accountancy Model Question Paper 2017 : biharboard.ac.in

Organisation : Bihar School Examination Board (BSEB)
Class : XII
Paper: Accountancy
Document Type : Model Question Papers
Year : 2017

Website : http://www.biharboard.ac.in/model-question-papers/
Download Question Paper : https://www.pdfquestion.in/uploads/10261-Accountancy.pdf

BSEB Accountancy Model Question Paper

Download Question Paper of Accountancy Model Question Papers is now available in the official website of Bihar School Examination Board (BSEB)

Related : BSEB Class XII Commerce Model Question Paper 2017 : www.pdfquestion.in/10251.html

Instructions

a. For Question Nos. 1 to 40 there are four alternative of which only one is correct choose the correct alternative and mark it in the answer sheet.

Model Questions

1. Life membership fees received by club in shown in.
Income and expenditure
Balance Sheet
Receipts and Payment A/c
None of these

2. Most transaction in non trading concern are
Cash
Credit
Cash and Credit both
Verbal

3. Legacies should be treated as
A liability
A revenue Receipt
Income
None of these

4. Outstanding subscription is
Income
Assets
Liability
Expenses

5. Which of the following is not- for- profit organisation
College
Library
Public Company
Hospital

6. The interest of partner’s capital A/c is to be credited to
Profit and Loss A/C
Interest A/c
Partners capital A/c
None of these

7. Partners current accounts are opened when their capital is
Fixed
Fluctuatating
a and b both
None of these

8. The current account of the partners will always have
Debit balance
Credit Balance
Either of the two
None of these

9. Maximum number of partnership firm performing banking business is)
10
20
30
40

10. Revaluation Account or profit & loss adjustment account is
Personal Account
Real Account
Nominal Account
None of these

11. Decrease in the value of fixed assets in termed is)
Depreciation
Loss
Profit
Expenses

12. In the absence to partnership deed partners shall)
Be paid salaries
Not be paid salaries
Be paid salaries to those who work for the firm
None of these

13. The accumulated profit and reserve are transferred to
Realisation A/c
Partner’s capital account
Bank A/c
Cash Account

14. On the admission of a new partner increase in the value of assets is debited to
Revaluation Account
Assets Account
Old partner capital A/C
None of these

15. A new partner is admitted
With the consent of two partners
with the consent of all partners
Desire of one partner
With the consent of majority partners

Short Answer Type Questions :
1. Write any three difference between receipts and payment account and income and expenditure account.

2. Calculate amount of medicine consumed for the year 2016
(i) Opening stock of medicine – 5000
(ii) Opening creditor of medicine – 4500
(iii) Cash purchase of medicine during the year – 15000
(iv) Closing stock of medicine – 7500
(v) Closing creditor of medicine – 6500

3. What do you mean by revaluation account.

4. A and B are partner in a firm they share profit and losses in the ratio of 3:2. Their capital are Rs. 20,000 and Rs. 16,000 respectively. Their capital are Rs. 20,000 and Rs. 16,000 respectively. They admit C into partnership for ¼ share in profit. C is being in cash Rs. 12,000 as capital and Rs.10,000 for goodwill –Pass journal entries assuming that the old partner have withdrawn goodwill

5. What do you mean by share? State any two type of shares.
6. What do you mean by bond?
7. What do you mean by cash flow statement. Explain

8. Ram’s forfeited share of Rs. 100 each for non-payment of first and final call of Rs. 50 are issued to Shyam for Rs. 70 per share fully paid. Give the journal entries for forfeiture and reissue.
9. Write any three limitations of financial statement analysis.

10. Write any three limitations of financial statement analysis.

Long Answer Type Question :
Instructions :
** For Questions No. 1 to 6 are Long answer type and each question carries 5 marks.

1. The following is the Balance sheet of a company. Calculate the current Ratio and liquid Ratio
2. From the figure given below, calculate cash from operation

3. From the following balance sheet of Sun Ltd. As on 31.12.2016 you are required to calculate the following.
Current Ratio
Debit Equity Ratio
Capital Employed
Solvency Ratio

4. Prepare a balance sheet of M/S Amber Ltd. As on 31st March 2016 as per provision of Part –I schedule VI, Under Section 211 of the companies Act 1956 from the given information.
General Reserve = Rs. 4000
Debenture = Rs. 3000
Profit & Loss A/C Cr. = Rs. 1200
Depreciation fixed Asset) = Rs. 700
Total Fixed Assets) = Rs. 9000
Current Liabilities) = Rs. 2500
Preliminary Expenses) = Rs. 300
Preference share)) = Rs. 4000
Current Assets) = Rs. 6100