Paper for CBSE Class 12th Accountancy

Will you please give me question paper for CBSE Class 12th accountancy examination in a PDF file format ?

[Quick Sam]

Here I am giving you question paper for CBSE Class 12th accountancy examination.

1. If a partner advances some loan to the firm, he is entitled for interest on loan. Do you think
he will get interest on such loan if there is loss in the firm? (1)
(Hint: Yes, because interest on partner’s loan is a charge against the profit)
2. State two financial rights acquired by a new partner. (1)
(Hint: Share in future profits and share in assets of the firm)

3. X and Y are partners with Rs. 1,50,000 and Rs.1,00,000 as their respective capitals. They admitted
Z as a new partner for 1/6th share in profits. What will be his share of capital if he has to bring
capital in proportion to his profit sharing ratio. (1)
(Hint: Rs. 50,000)

4. Vinod Limited invited applications for 20,000 shares of Rs.10 each. Applications were Received
for 25,000 shares. Name the kind of Subscription.
Give three alternatives for allotting shares. (1)

5. What is meant by Debenture? (1)

CBSE Class 12th Accountancy paper