CBSE Class 12 Accountancy Question Paper 2006 (Set 1) details are given here. This page is about the CBSE Class 12 Accountancy question paper of the 2006 board examination (Set 1).
| CBSE Class 12 Accountancy Question Paper 2006 Set 1 | Download PDF | Check Solutions |
| Exam | CBSE Class 12 Board Examination 2006 |
| Subject | Accountancy |
| Paper | Set 1 |
The Capital Accounts of Ishita and Preeti stood at Rs 6,00,000 and Rs 8,00,000 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 : Ishita Rs 10,000 drawn at the end of each quarter and Preeti Rs 4,000 drawn at the end of each half year. The profits for the year ended 31st March, 2025 amounted to Rs 3,00,000. The profit sharing ratio of Ishita and Preeti was 2 : 1.
Pass the necessary adjustment entry. Show your working clearly.
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 :
From the following particulars of Mandeep Ltd., calculate the 'Cash Flows from Investing Activities'. Show your working clearly :
| Particulars | 31.03.2025 (Rs) | 31.03.2024 (Rs) |
|---|---|---|
| Machinery (At Cost) | 6,70,000 | 5,00,000 |
| Accumulated Depreciation | 79,000 | 62,000 |
| Investments | 1,45,000 | 1,20,000 |
| Goodwill | 2,90,000 | 3,10,000 |
Additional information :
(i) A machine having a book value of Rs 1,50,000 was sold for Rs 1,35,000.
(ii) Depreciation charged on machinery during the year was Rs 30,000.
(iii) Investments costing Rs 50,000 were purchased and some investments were sold at a profit of Rs 9,000.
(iv) Interest received on investments was Rs 12,000.
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.
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.
Sara, Lalit and Divya were partners in a firm, sharing profits and losses in the ratio of 5 : 3 : 2. Sara's share of profit at the end of the year amounted to Rs 2,50,000. Divya's share in the profit was :
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