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  #2  
20th November 2014, 04:17 PM
Super Moderator
 
Join Date: Apr 2013
Re: 12th Class Commerce Question Paper MP Board

Below I am providing you some questions of from question paper of Keeping & Accountancy for 12th Class Commerce of MP (Madhya Pradesh) Board and attaching a PDF attachment which has detail information regarding this that you can down load for free:

1. Fill in the blanks.
(i) If Insurance Company has accepted the entire claim for payment their
account will debited____________
(ii) The loss which incidentally occurs is called as____________
(iii) Partnership is born____________
(iv) Good will is an____________asset.
(v) Revaluation account is a____________account.

2. Write true or false.
(i) Sales of goods sent on Consignment is credited to consignment A/c.
(ii) Sacrificing Ratio = Old Ratio – New Ratio.
(iii) In partnership business there is no limit for maximum partners.
(iv) Joint Life Policy has no surrender value.
(v) Balance sheet is prepared at the time of firm’s dissolution.

3. Write the Answer of the following questions in a sentence.
1. What are those debentures called which can be converted in to share?
2. What are those debentures called which are transferred by mere delivery?
3. In case of fixed capital method, in which account interest on drawings is
shown?
4. What records are made for return of surplus capital to the old partners?
5. Write one reason for retirement of a partner?

4. Choose the correct answer in the following.
(a) The person on whose behalf the agent acts is called -
(i) Chief agent (ii) Principal
(iii) Intermediary (iv) Retail trader.
(b) Super profit is called -
(i) Abnormal profit (ii) Contingent profit
(iii) Normal profit (iv) Excess of actual profit over
normal profit.
(c) Debenture holders are called -
(i) Owners (ii) Creditor
(iii) Debtor (iv) None of the above.
(d) On which type of assets the debentures are charged upon.
(i) Current Asset (ii) Fixed Asset
(iii) Current and Fixed Asset (iv) Intangible Asset.
(e) A & B are partners in a firm who share profit & loss in the ratio of 7:3 A
and B sacrifice 1/7 and 1/3 share in favour of C. What will be the new
profit sharing ratio?
(i) 4:1:1 (ii) 3:1:2
(iii) 2:1:1 (iv) 3:1:1

12th Class Commerce Question Paper MP Board


Attached Files
File Type: pdf 12th Class Commerce Question Paper MP Board.pdf (168.8 KB, 2129 views)

Last edited by sumit; 13th December 2019 at 08:26 AM.
  #3  
16th December 2017, 05:39 PM
ANIMESH MANDAL
Guest
 
Re: 12th Class Commerce Question Paper MP Board

Respected sir
Piease sir send me a photo in last 5 years papers of 11thclass in Madhya Pradesh.


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