CBSE Class 12 Accountancy Question Paper 2006 (Set 2)

CBSE CLASS XII Questions

• 1.

  Naisha, Mansi and Aakash were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 2. On 1st January, 2025, Aakash advanced a loan of ₹ 3,00,000 to the firm. In the absence of a partnership deed, the amount of interest on loan due to Aakash on 31st March, 2025 will be :

  • ₹ 18,000
    
  • ₹ 4,500
    
  • ₹ 9,000
    
  • ₹ 30,000
    
  View Solution

  ---

• 2.

  From the following information obtained from the books of 'Ajanta Ltd.', calculate Cash from Operations: Net Profit for the year ended 31st March, 2025 after charging depreciation of ₹ 80,000 and after writing off goodwill ₹ 10,500 was ₹ 4,90,000. Additional Information:

  

  View Solution

  ---

• 3.

  Aashree and Manvi were partners in a firm and their capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. Normal rate of return in a similar business was 15% and the goodwill of the firm was valued at ₹ 3,00,000. If goodwill was calculated at three years purchase of super profits, the average profits of the firm were :

  • ₹ 1,00,000
    
  • ₹ 45,000
    
  • ₹ 2,50,000
    
  • ₹ 1,50,000
    
  View Solution

  ---

• 4.

  There are two statements Assertion (A) and Reason (R):
  Assertion (A): At the time of admission of a new partner in a partnership firm, the newly admitted partner brings an agreed amount of capital either in cash or in kind.
  Reason (R): On admission, the new partner gets the right to acquire share in the assets and profits of the partnership firm.
  Choose the correct option from the following:

  • Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).
    
  • Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).
    
  • Assertion (A) is correct, but Reason (R) is incorrect.
    
  • Assertion (A) is incorrect, but Reason (R) is correct.
    
  View Solution

  ---

• 5.

  Sushil and Sapna were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2025, the firm was dissolved. On the date of dissolution there existed a balance of ₹ 1,20,000 in sundry creditors account. The sundry creditors were payable after three months. They were paid immediately at a discount of 12% p.a. The amount paid to sundry creditors was :

  • ₹ 1,20,000
    
  • ₹ 1,23,600
    
  • ₹ 1,16,400
    
  • ₹ 1,34,400
    
  View Solution

  ---

• 6.

  Hari, Murari and Abhi were partners in a firm sharing profits and losses in the ratio of 8 : 7 : 4. Murari retired from the firm on 31st March, 2025. Hari and Abhi decided to share profits in the future in the ratio of 2 : 1. The gaining ratio of Hari and Abhi was:

  • 1 : 2
    
  • 8 : 7
    
  • 2 : 1
    
  • 7 : 4
    
  View Solution