BSEH Class 12th Accountancy Question Paper March 2025 Haryana

Organisation : Board of School Education Haryana (BSEH)
Exam : Senior Secondary Exam (Class 12th)
Document Type : Question Paper
Subject : Accountancy
Year : March 2025
Website : https://bseh.org.in/srsec-old-question-paper-march-2025

BSEH Haryana Class 12th Accountancy Question Paper

Download Board of School Education Haryana (BSEH) Senior Secondary Exam (Class 12th) March 2025 Accountancy Question Paper.

BSEH Haryana Class 12th Accountancy Questions

(Accounting for Partnership Firms & Companies)

1. What do you understand by “Convertible Debentures” ?

2. ‘A’ and ‘B’ were partners in a firm sharing profit or loss equally. With effect from 1st April, 2024 they agreed to share profits in the ratio 4 : 3, due to change in profit sharing ratio, A’s gain or sacrifice will be :
(A) Gain 14/1
(B) Sacrifice 14/1
(C) Gain 7/4
(D) Sacrifice 7/3

3. Shareholders get ………… as their return from the company.

4.What are Accumulated Profits ?

5. If the new partner brings his share of goodwill in cash, it will be shared by old partners in :
(A) Ratio of Sacrifice
(B) Old Profit Sharing Ratio
(C) New Profit Sharing Ratio
(D) Capital Ratio

6. The debentures/securities on which the rate of interest is not specified, instead the difference in sale price and purchase price works as interest, such securities are known as ………… bonds.

7. On the basis of given Statements : Assertion (A) & Reason (R), choose the correct option :
Assertion (A) : Loan from partner is not transferred to realization account.
Reason (R) : Loan from partner is a outside liability. It is paid after the payment of partner’s capital.

Options :
(A) Both Assertion (A) and Reason (R) are true, but Reason (R) is not correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are true, and Reason (R) is correct explanation of Assertion (A).
(C) Assertion (A) is true, but Reason (R) is false.
(D) Assertion (A) is false, but Reason (R) is true.

8. On the basis of given Statements : Assertion (A) & Reason (R), choose the correct option :
Assertion (A) : Admission of a partner does not mean the dissolution of the firm but the dissolution of the old partnership.
Reason (R) : Admission of a partner means reconstitution of the partnership so that the old partnership ceases to exist and a new partnership comes into existence but the firm continuous.

Options :
(A) Both Assertion (A) and Reason (R) are true, but Reason (R) is not correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are true and Reason (R) is correct explanation of Assertion (A).
(C) Both Assertion (A) and Reason (R) are false.
(D) Assertion (A) is false, but Reason (R) is true.

9. Reserve Capital is :
(A) Subscribed Capital
(B) Reserve Capital
(C) Uncalled Capital
(D) Part of uncalled capital with may be called only at the time of liquidation of the company

10. Debentures are shown on ………… side of the Balance Sheet.

11. Calculate the interest on drawing of Mr. Rishabh @ 10% p.a. for the year ended 31 March, 2024, if he withdrew ` 20,000 in beginning of each quarter.

12. Clarify any two differences between dissolution of a firm and dissolution of partnership.

13. A firm average profit are ` 70,000, it includes an abnormal profit of ` 5,000. Capital invested in the business is ` 5,50,000 and the normal rate of return is 10%. Calculate goodwill at four times the super profit.

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