SCERT Kerala Class XII Accountancy With Computerised Accounting Sample Question Paper 2015
Organisation : State Council of Educational Research & Training
Exam : Higher Secondary Education Exam
Subject : Accountancy With Computerised Accounting
Document Type : Sample Question Paper
Year : 2015
Class : XII STD
Website : http://www.scert.kerala.gov.in
Download Sample Question Paper : https://www.pdfquestion.in/uploads/8435XIIaccountancy.pdf
Accountancy Computerised Class XII Sample Question Paper :
Maximum : 60 Scores
Time: 2 hrs
Cool off time : 15 Minutes
Related : SCERT Kerala Class XII Sociology Sample Question Paper 2015 : www.pdfquestion.in/8431.html
General Instructions to candidates:
** There is ‘Cool off time’ of 15 minutes in addition to the writing time of 2 hrs.
** You are neither allowed to write your answers nor to discuss anything with others during the ‘cool off time’.
** Use the ‘cool off time’ to get familiar with questions and to plan your answers.
** Read the questions carefully before answering
** All questions are compulsory and only internal choice is allowed.
** When you select a question, all the sub-questions must be answered from the same question itself.
** Calculations, figures and graphs should be shown in the answer sheet itself.
** Malayalam version of the questions is also provided.
** Give equations wherever necessary
** Only non programmable calculators are allowed in the Examination Hall.
Part A – Accounting :
1. Choose the correct Journal entry for interest payable to the partner after his retire mentx on his outstanding balance
a. Interest a/c Dr To interest payable a/c
b. Interest a/c Dr To out going partners capital a/c
c. Interest a/c Dr To out going partners loan a/c
d. Profit and loss appropriation a/c Dr To out going partners capital a/c
2. A plant worth Rs 3000 was taken over by creditors when the firm has to pay Rs.20000. It has been paid on dissolution. Give a journal entry to record the settlement of the claim towards the creditors
3. Anil and Arun are equal partners. They earned a profit of Rs.49, 000 during the year before charging interest on capital @10% P.A. On the opening date, their capital account shows balances of Rs.50,000 and Rs. 40,000 respectively.They shared the profit before charging interest on capital.
i. Find out the present closing balance of capital.
ii. What should have been their real increase in the net worth.
4. A and B are partners sharing profits in the ratio of 3:2 whose capital a/c balances was Rs. 60,000 and Rs. 40,000 respectively. They admit ‘C’ in to the firm for a sixth share who brings Rs. 30,000 being his capital contribution.
Find out.
(i) How much should have been the total capital of the firm based on new partners capital contribution? (1)
(ii) Can you infer the amount of goodwill if, any from the above statement.
5. From the following, calculate the amount of subscriptions to be entered in the income and expenditure a/c of a club for the year ending 31-03-2015.
6. In a firm where ‘A’, ‘B’ and ‘C’ are partners where ‘C’ is guaranteed yearly profit of Rs.10,000 .During the year the firm made a profit of Rs. 28,000 only. Give a journal entry to meet the deficiency, if any, which was equally borne by the other partners. (3)
7. Explain the possible adjustments that one has to undergo when admission process is on in the context of a partnership concern? (3)
8. Anu and Sreekala are partners sharing profits in the ratio of 3:2 .Their Balance sheet as on 31-3-2015 stood as follows:
Rema is taken in as a new partner for a sixth share.
(a) Plant is revalued at Rs. 1,00,000
(b) Stock and debtors valued 10% less
(c) Rema is to bring Rs. 50,000 towards her capital and Goodwill
(d) Goodwill is valued at Rs. 60,000 Prepare revaluation account and capital a/c. (5)
9. Given below is the Balance Sheet of a firm as on 31-3-2015 Anil is to retire on the above date. Arun and Biju has agreed to pay Rs. 10,000 being his share of Goodwill On revaluation of the asset and liabilities, they found some changes in their value and the following entries have been passed.
They have shared the General reserve as follows: Arun Rs. 10,000; Anil Rs. 5000; Biju Rs. 5000. Now you are required to prepare the following accounts.
i. Revaluation a/c (4)
ii. Capital account of partners (2)
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