Download CBSE Acountancy Sample Paper Class XII (12th) 2009
CBSE SAMPLE PAPER 2009
ACOUNTANCY
CLASS XII
Time:3 hours Max. Marks: 80
General Instruction:
(i) This question Paper Contains Three Paper A, B and C.
(ii) Part A compulsory for all.
(iii) Attempt only one part of the remaining parts B and C.
- What do you mean by exercise book in the context of employees stock option plan ? 1
- At the time of retirement of a partner give Journal entry for writing off the existing goodwill. 1
- At the time of admission of partner where will you record `Unrecorded Investment'. 1
4. Calculate interest on drawing to be charged on Rs. 2,80,000. If it is drawn at the end of every month @ 15% p.a. 1
5. Give any one feature of Receipts and Payment Account. 1
6. Calculate the amount of subscription to be shown in Income & Expenditure Account for the year ending 31-3-2007 from the following particulars of a Narayan Charitable Trust.
|
Particulars |
31-3-2006 |
31-3-2007 |
|
Outstanding Subscription |
40,000 |
56,000 |
|
Subscription received in advance |
2,500 |
5,000 |
Total Subscription received during the year 31-3-2007 is Rs.3,30,000. Also, show relevant items in the Balance Sheet as at 31-03-06 and as at 31-03-07.
7. (Preparation of Income & Expenditure Account and Balance Sheet) Following its Receipts and Payments Account of Tulsi Educational Society for the year ended 31st March, 2007. Prepare Income and Expenditure Account for the year ended 31st March, 2007 and the Balance Sheet as at 31st March, 2007. 6
RECEIPTS AND PAYMENTS ACCOUNT
For the year ending 31st March, 2007
|
Receipts |
Rs. |
Payments |
Rs. |
|
To Balance b/d To Entrance Fees To Life Membership fees To Subscription To Sale of Old Newspapers To Lockers Rent |
34,600 8,000
14,400 7,800
200 1,000 66,000 |
By Honorarium to Cashier By Stationery By Books By Telephone Charges By Computer By Repairs By Wages By Balance c/d |
2,700 400 4,000 1,000 43,000 1,400 3,000 10,500 66,000 |
On 1st April 2006, the society had assets worth Rs. 23,000 (including books of Rs. 7,000, Investments Rs. 12,000 and Furniture Rs. 4,000). Subscription Outstanding as on 1-4-2006 were Rs. 700 and as on 31-03-2007 were Rs. 800. Creditors for Stationery on 1st April, 2006 were Rs. 300. Bills Outstanding for repairs as on 31st March, 2007 were Rs. 600 and wages Outstanding were Rs. 400. 50% of the Entrance Fee is to be capitalised. Depreciation is to be provided on Computer @ 20% p.a. and Book @ 10% p.a.
8. (Distribution of Profits) A and B are partners sharing profits in the ratio of 3 : 2 with the capitals of Rs. 50,000 and Rs. 30,000 respectively. 4
Interest on Capital is agreed @ 6% p.a. B is to be allowed an annual salary of Rs. 2,500. During 1995, the profits of the year prior to calculation of interest on capital but after charging B's salary amounted to Rs. 12,500. A Provision of 5% of the profits is to made in respect of manager's commission. Prepare Profit and Loss Appropriation Account.
9. Treatment A, B and C were in partnership sharing profits in the ratio of 3 : 2 :1 Their Balance Sheet as at 31-3-2007 was as follows : 6
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