CBSE Guess > Papers > Question Papers > Class XII > 2006 > Accountancy > Outside Delhi Set - II

Accountancy — 2006 (Set II — Outside Delhi)

PART - A

(ACCOUNTANCY)

Q. 1. How would you calculate interest on drawings of equal amounts drawn on the last day of every month? (2)

Q. 2. What is meant by Called-up Capital? (2)

Q. 3. What is pro-rata allotment of shares? (2)

Q. 4. What does a Convertible Debenture mean? (2)

Q. 7.

1. A and B are partners in a firm sharing profits in the ratio of 2: 1. C is admitted as a partner. A and B surrender 1/2 of their respective share in favour of C. Find the new profit sharing ratio and also the sacrificing ratio.
2. C is to bring his share of premium for goodwill in cash. The goodwill of the firm is estimated at Rs. 30,000. Pass necessary entries for the record of goodwill in the above case. (2 + 2 = 4)

PART - B

(ANALYSIS OF FINANCIAL STATEMENTS)

Q. 18. List any three items that can be shown as 'Contingent Liabilities' in a company's Balance Sheet. (3)

Q. 20.

1. From the given information calculate the Stock Turnover Ratio :
   Sales: Rs. 2, 00,000; GP: 25%; Opening Stock was 1/4th of the value of Closing Stock. Closing Stock was 20% of Sales.
2. A business has a Current Ratio of 2: I and a Quick Ratio of 1.2: 1. If the Working Capital is Rs. 1, 50,000, calculate the total Current Assets and Stock. (2 + 2 = 4)

Accountancy 2006 Question Papers Class XII
Delhi		Outside Delhi		Compartment Delhi		Compartment Outside Delhi
	Set I		Set I		Set I		Set I
	Set II		Set II