CBSE Class 12 Accountancy Question Paper 2000 (Sample 2) details are given here. This page is about the CBSE Class 12 Accountancy question paper of the 2000 sample paper (Sample 2).
| CBSE Class 12 Accountancy Question Paper 2000 Sample 2 | Download PDF | Check Solutions |
| Exam | CBSE Class 12 Sample Paper 2000 |
| Subject | Accountancy |
| Paper | Sample 2 |
The Capital Accounts of Nita and Ansh stood at Rs 4,00,000 and Rs 5,00,000 respectively, after the necessary adjustments in respect of drawings and net profits for the year ended 31st March, 2025. It was later discovered that interest on drawings @ 6% p.a. was not taken into account while calculating the net profit. The drawings of the partners had been : Nita Rs 20,000 drawn at the beginning of each quarter and Ansh Rs 8,000 drawn at the beginning of each half year. The profits for the year ended 31st March, 2025 amounted to Rs 2,00,000. The profit sharing ratio of Nita and Ansh was 1 : 1.
Pass the necessary adjustment entry. Show your working clearly.
Mitali, Reena and Ishaan were partners in a firm, sharing profits and losses in the ratio of 3 : 2 : 1. Reena died on 30th June, 2022. After all the necessary adjustments, her Capital Account showed a credit balance of Rs 3,82,000. Reena's executors were paid Rs 82,000 cash on 1st July, 2022 and the balance amount to be paid in three equal yearly instalments starting from 30th June, 2023 with interest @ 6% p.a. on the unpaid amount. The firm closes its books on 31st March every year.
Prepare Reena's Executor's Account till 31st March, 2024.
Neena, Aman and Vipul were partners in a firm, sharing profits and losses in the ratio of 7 : 2 : 1. Vipul's share of profit at the end of the year amounted to Rs 1,50,000. Aman's share in the profit was :
Madhur, Alok and Tushar were partners in a firm, sharing profits and losses in the ratio of 2 : 1 : 1. Alok died on 30th June, 2022. After all the necessary adjustments, his Capital Account showed a credit balance of Rs 9,70,000. Alok's executors were paid Rs 70,000 cash on 1st July, 2022 and the balance amount to be paid in three equal yearly instalments starting from 30th June, 2023 with interest @ 6% p.a. on the unpaid amount. The firm closes its books on 31st March every year.
Prepare Alok's Executor's Account till 31st March, 2024.
A company wants to invest Rs 50,000 for 2 years in a Fixed Deposit Scheme that offers an interest rate of 7% per annum compounded annually. Name the financial function used to calculate the future value of the investment. Write the syntax of the function and apply the formula to the data given, considering that :
(i) instalment is paid in the beginning of each period, and
(ii) instalment is paid at the end of each period.
When does RATE function return #NUM! error ? Explain its syntax and significance.
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