CBSE Class 12 Accountancy Question Paper 2018
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Snapshot of CBSE Class 12 Accountancy Paper 2018:
Some Content from CBSE Class 12 Accountancy Paper 2018:
(i) This question paper contains two parts - A and B.
(ii) Part A is compulsory for all.
(iii) Part B has two options - Analysis of Financial Statements and Computerised Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
Question1. Neetu, Meetu and Teetu were partners in a firm. On 1st January, 2018, Meetu retired. On Meetu's retirement the goodwill of the firm was valued at Rs. 4,20,000. Pass necessary journal entry for the treatment of goodwill on Meetu's retirement.
Question2. Amit and Beena were partners in a firm sharing profits and losses in the ratio of 3 : 1. Chaman was admitted as a new partner for 1/6 th share in the profits. Chaman acquired 2/5 th of his share from Amit. How much share did Chaman acquire from Beena ?
Question3. Is 'Reserve Capital' a part of Unsubscribed Capital' or 'Uncalled Capital'?
Question4. Give the meaning of 'Debentures issued as Collateral Security'.
Question5. Distinguish between 'Dissolution of partnership' and 'Dissolution of partnership firm' on the basis of settlement of assets and liabilities.
Question6. Ritesh and Hitesh are childhood friends. Ritesh is a consultant whereas Hitesh is an architect. They contributed equal amounts and purchased a building for Rs 2 crores. After a year, they sold it for Rs 3 crores and shared the profits equally. Are they doing the business in partnership ? Give reason in support of your answer.
Question7. What is meant by a ‘Share’? Give any two differences between `Preference Shares' and 'Equity Shares'.
Question8. Jayant, Kartik and Leena were partners in a firm sharing profits and losses in the ratio of 5 : 2 : 3. Kartik died and Jayant and Leena decided to continue the business. Their gaining ratio was 2 : 3. Calculate the new profit sharing ratio of Jayant and Leena.