Commerce Exam > Commerce Notes > Accountancy Class 12 > Class 12 Accountancy Official Sample Question Paper Solution (2023-24)
Class 12 Accountancy Official Sample Question Paper Solution (2023-24) | Accountancy Class 12 - Commerce PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
Page 2
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Page 3
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Share Forfeiture A/c
Particulars Am t ( ? ) Particulars Am t ( ? )
To Share Capital A/c 120 By Share Capital A/c 400
To Capital Reserve A/c 120
To Capital Reserve A/c 80
To Balance c/d 80
400 400
20 Years (ending 31
st
March)
Adjusted Profit (?) Weights Product (?)
2020 28,000 1 28,000
2021 36,000 1 36,000
2022 46,000 2 92,000
2023 53,000 3 1,59,000
Total 7 3,15,000
Adjusted Profits 2020 2021 2022 2023
Given Profits
Add Capital Expenditure
Charged to Revenue
28,000 27,000
10,000
46,900 53810
Less: Unprovided Depreciation (1,000) (900) (810)
Adjusted Profits 28,000 36,000 46,000 53,000
Weighted Average Profit = 3,15,000/7
=?45,000
Goodwill = 45,000 × 3 = ?1,35,000
Notes to Solution
(i) Depreciation of 2021= 10% of 10,000
= 10,000 × 10/100 =?1,000
(ii) Depreciation of 2022 = 10% of 9000
= 9,000x10/100= ?900
(iii) Depreciation of 2022 = 10% of 8,100
= ?8,100
3
21 Balance Sheet (Extract) as at
Particulars Note No Amount
I. EQUITY AND LIABILITIES
(1) Shareholder’s Funds
(a) Share Capital
1
7,78,000
Notes to Accounts
Note 1:
Particulars Details Amount
1. Share Capital
Authorised Capital
2,00,000 Equity shares of Rs.10 each
Issued Capital
80000 Equity shares of 10 each
Subscribed capital
20,00,000
8,00,000
4
Page 4
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Share Forfeiture A/c
Particulars Am t ( ? ) Particulars Am t ( ? )
To Share Capital A/c 120 By Share Capital A/c 400
To Capital Reserve A/c 120
To Capital Reserve A/c 80
To Balance c/d 80
400 400
20 Years (ending 31
st
March)
Adjusted Profit (?) Weights Product (?)
2020 28,000 1 28,000
2021 36,000 1 36,000
2022 46,000 2 92,000
2023 53,000 3 1,59,000
Total 7 3,15,000
Adjusted Profits 2020 2021 2022 2023
Given Profits
Add Capital Expenditure
Charged to Revenue
28,000 27,000
10,000
46,900 53810
Less: Unprovided Depreciation (1,000) (900) (810)
Adjusted Profits 28,000 36,000 46,000 53,000
Weighted Average Profit = 3,15,000/7
=?45,000
Goodwill = 45,000 × 3 = ?1,35,000
Notes to Solution
(i) Depreciation of 2021= 10% of 10,000
= 10,000 × 10/100 =?1,000
(ii) Depreciation of 2022 = 10% of 9000
= 9,000x10/100= ?900
(iii) Depreciation of 2022 = 10% of 8,100
= ?8,100
3
21 Balance Sheet (Extract) as at
Particulars Note No Amount
I. EQUITY AND LIABILITIES
(1) Shareholder’s Funds
(a) Share Capital
1
7,78,000
Notes to Accounts
Note 1:
Particulars Details Amount
1. Share Capital
Authorised Capital
2,00,000 Equity shares of Rs.10 each
Issued Capital
80000 Equity shares of 10 each
Subscribed capital
20,00,000
8,00,000
4
Subscribed and fully paid up
74,000 equity shares of 10 each
Subscribed but not fully paid-up
4,000 equity shares of 10 each
Less: calls in arrears (4,000x2)
Add Forfeited Shares
2,000 equity shares@3
40,000
(8,000)
7,40,000
32,000
6,000
7,78,000
22 Journal
Date Particulars LF Dr. (?) Cr. (?)
a) Realisation A/c Dr
To Sun’s Capital A/c
(Being Remuneration and expenses payable to
Sun)
40,000
40,000
b) Sun’s Capital A/c Dr
Kiran’s Capital A/c Dr
To Deferred Advertisement Suspense A/c
(Being Advertisement Suspense A/c has been
debited in partner’s capital account in their profit
sharing ratio)
14,000
14,000
28,000
c)(1) Kiran’s Capital A/c Dr
To Realisation A/c
(Being 1/3 of Stock has been taken over by Kiran
at 25% discount))
30,000
30,000
c)(2) No Entry
c)(3) Bank A/c Dr
To Realisation A/c
(Being Stock Realised)
25,000
25,000
d) Cash/Bank A/c Dr
To Realisation A/c
(Being amount realised from unrecorded assets
after payment of outstanding bill)
7,000
7,000
4
23 Journal Entries in the Books of Rockstar Ltd.
Date Particulars L.F Debit (? Credit (?)
i) Bank A/c Dr.
To Share Application A/c
(Being Application money received)
16,00,000
16,00,000
ii) Share Application A/c Dr.
To Share Capital A/c
To Share Allotment A/c
To Bank A/c
(Being Application money utilised)
16,00,000
10,00,000
5,00,000
1,00,000
iii) Share Allotment A/c Dr.
To Share Capital A/c
To Securities Premium A/c
(Being allotment due with premium)
8,00,000
4,00,000
4,00,000
iv) Bank A/c Dr.
Calls in Arrears A/c Dr.
To Share Allotment A/c
(Being allotment received except of Simba)
2,85,000
15,000
3,00,000
v) Share First and Final Call A/c Dr. 6,00,000
6
Page 5
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Share Forfeiture A/c
Particulars Am t ( ? ) Particulars Am t ( ? )
To Share Capital A/c 120 By Share Capital A/c 400
To Capital Reserve A/c 120
To Capital Reserve A/c 80
To Balance c/d 80
400 400
20 Years (ending 31
st
March)
Adjusted Profit (?) Weights Product (?)
2020 28,000 1 28,000
2021 36,000 1 36,000
2022 46,000 2 92,000
2023 53,000 3 1,59,000
Total 7 3,15,000
Adjusted Profits 2020 2021 2022 2023
Given Profits
Add Capital Expenditure
Charged to Revenue
28,000 27,000
10,000
46,900 53810
Less: Unprovided Depreciation (1,000) (900) (810)
Adjusted Profits 28,000 36,000 46,000 53,000
Weighted Average Profit = 3,15,000/7
=?45,000
Goodwill = 45,000 × 3 = ?1,35,000
Notes to Solution
(i) Depreciation of 2021= 10% of 10,000
= 10,000 × 10/100 =?1,000
(ii) Depreciation of 2022 = 10% of 9000
= 9,000x10/100= ?900
(iii) Depreciation of 2022 = 10% of 8,100
= ?8,100
3
21 Balance Sheet (Extract) as at
Particulars Note No Amount
I. EQUITY AND LIABILITIES
(1) Shareholder’s Funds
(a) Share Capital
1
7,78,000
Notes to Accounts
Note 1:
Particulars Details Amount
1. Share Capital
Authorised Capital
2,00,000 Equity shares of Rs.10 each
Issued Capital
80000 Equity shares of 10 each
Subscribed capital
20,00,000
8,00,000
4
Subscribed and fully paid up
74,000 equity shares of 10 each
Subscribed but not fully paid-up
4,000 equity shares of 10 each
Less: calls in arrears (4,000x2)
Add Forfeited Shares
2,000 equity shares@3
40,000
(8,000)
7,40,000
32,000
6,000
7,78,000
22 Journal
Date Particulars LF Dr. (?) Cr. (?)
a) Realisation A/c Dr
To Sun’s Capital A/c
(Being Remuneration and expenses payable to
Sun)
40,000
40,000
b) Sun’s Capital A/c Dr
Kiran’s Capital A/c Dr
To Deferred Advertisement Suspense A/c
(Being Advertisement Suspense A/c has been
debited in partner’s capital account in their profit
sharing ratio)
14,000
14,000
28,000
c)(1) Kiran’s Capital A/c Dr
To Realisation A/c
(Being 1/3 of Stock has been taken over by Kiran
at 25% discount))
30,000
30,000
c)(2) No Entry
c)(3) Bank A/c Dr
To Realisation A/c
(Being Stock Realised)
25,000
25,000
d) Cash/Bank A/c Dr
To Realisation A/c
(Being amount realised from unrecorded assets
after payment of outstanding bill)
7,000
7,000
4
23 Journal Entries in the Books of Rockstar Ltd.
Date Particulars L.F Debit (? Credit (?)
i) Bank A/c Dr.
To Share Application A/c
(Being Application money received)
16,00,000
16,00,000
ii) Share Application A/c Dr.
To Share Capital A/c
To Share Allotment A/c
To Bank A/c
(Being Application money utilised)
16,00,000
10,00,000
5,00,000
1,00,000
iii) Share Allotment A/c Dr.
To Share Capital A/c
To Securities Premium A/c
(Being allotment due with premium)
8,00,000
4,00,000
4,00,000
iv) Bank A/c Dr.
Calls in Arrears A/c Dr.
To Share Allotment A/c
(Being allotment received except of Simba)
2,85,000
15,000
3,00,000
v) Share First and Final Call A/c Dr. 6,00,000
6
To Share Capital A/c
(Being call money due)
6,00,000
vi) Bank A/c Dr.
Calls in Arrears A/c Dr.
To Share First and Final Call A/c
(Being call money received except of Simba)
5,70,000
30,000
6,00,000
vii) Share Capital A/c Dr.
Securities Premium A/c Dr.
To Share Forfeited A/c
To Calls in Arrears A/c
(Being Simba’s shares forfeited)
1,00,000
15,000
70,000
45,000
viii) Bank A/c Dr.
Share Forfeited A/c Dr.
To Share Capital A/c
(Being forfeited shares re-issued)
48,000
12,000
60,000
ix) Share Forfeited A/c Dr.
To Capital Reserve A/c
(Being gain on re-issue transferred to Capital Reserve)
30,000
30,000
Or
Journal Entries in the Books of Shaktimaan Ltd.
Date Particulars L.F Debit (?) Credit (?)
i) Share Application A/c Dr.
To Share Capital A/c
To Securities Premium A/c
To Share Allotment A/c
(Being Application money utilised)
6,00,000
2,00,000
2,00,000
2,00,000
ii) Share Allotment A/c Dr.
To Share Capital A/c
(Being allotment due with premium)
5,00,000
5,00,000
iii) Share First and Final Call A/c Dr.
To Share Capital A/c
(Being call money due)
3,00,000
3,00,000
iv) Calls in Arrears A/c Dr.
To Share First and Final Call A/c
(Being call money received except of Simba)
15,000
15,000
v) Share Capital A/c Dr.
To Share Forfeited A/c
To Calls in Arrears A/c
(Being Simba’s shares forfeited)
50,000
35,000
15,000
vi) Share Forfeited A/c Dr.
To Capital Reserve A/c
(Being gain on re-issue transferred to Capital Reserve)
14,000
14,000
Cash Book (with Bank Column only)
Date Particulars LF Amount
(?)
Date Particulars LF Amount
(?)
i) To Share Application A/c 7,20,000 ii) By Share Application A/c 1,20,000
iii) To Share Allotment A/c 3,00,000
iv) To Share First and Final
Call A/c
2,85,000
v) To Share Capital A/c
To Securities Premium
A/c
20,000
6,000
vi) By Balance c/d 12,11,000
Read More
|
42 videos|168 docs|43 tests
|
Related Exams
About this Document
|
Dec 22, 2024 Last updated |
Document Description: Class 12 Accountancy Official Sample Question Paper Solution (2023-24) for Commerce 2024 is part of Accountancy Class 12 preparation.
The notes and questions for Class 12 Accountancy Official Sample Question Paper Solution (2023-24) have been prepared according to the Commerce exam syllabus. Information about Class 12 Accountancy Official Sample Question Paper Solution (2023-24) covers topics
like and Class 12 Accountancy Official Sample Question Paper Solution (2023-24) Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Class 12 Accountancy Official Sample Question Paper Solution (2023-24).
Introduction of Class 12 Accountancy Official Sample Question Paper Solution (2023-24) in English is available as part of our Accountancy Class 12
for Commerce & Class 12 Accountancy Official Sample Question Paper Solution (2023-24) in Hindi for Accountancy Class 12 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Class 12 Accountancy Official Sample Question Paper Solution (2023-24) | Accountancy Class 12 - Commerce
Description
Full syllabus notes, lecture & questions for Class 12 Accountancy Official Sample Question Paper Solution (2023-24) | Accountancy Class 12 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Accountancy Class 12 | Best notes, free PDF download
Information about Class 12 Accountancy Official Sample Question Paper Solution (2023-24)
In this doc you can find the meaning of Class 12 Accountancy Official Sample Question Paper Solution (2023-24) defined & explained in the simplest way possible. Besides explaining types of
Class 12 Accountancy Official Sample Question Paper Solution (2023-24) theory, EduRev gives you an ample number of questions to practice Class 12 Accountancy Official Sample Question Paper Solution (2023-24) tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
video lectures
,Class 12 Accountancy Official Sample Question Paper Solution (2023-24) | Accountancy Class 12 - Commerce
,past year papers
,Semester Notes
,study material
,ppt
,Exam
,Free
,mock tests for examination
,Summary
,shortcuts and tricks
,Class 12 Accountancy Official Sample Question Paper Solution (2023-24) | Accountancy Class 12 - Commerce
,Viva Questions
,Sample Paper
,Objective type Questions
,Important questions
,Previous Year Questions with Solutions
,Extra Questions
,MCQs
,Class 12 Accountancy Official Sample Question Paper Solution (2023-24) | Accountancy Class 12 - Commerce
,practice quizzes
;
Additional Information about Class 12 Accountancy Official Sample Question Paper Solution (2023-24) for Commerce Preparation
Class 12 Accountancy Official Sample Question Paper Solution (2023-24) Free PDF Download
The Class 12 Accountancy Official Sample Question Paper Solution (2023-24) is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Class 12 Accountancy Official Sample Question Paper Solution (2023-24) now and kickstart your journey towards success in the Commerce exam.
Importance of Class 12 Accountancy Official Sample Question Paper Solution (2023-24)
The importance of Class 12 Accountancy Official Sample Question Paper Solution (2023-24) cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Class 12 Accountancy Official Sample Question Paper Solution (2023-24) Notes
Class 12 Accountancy Official Sample Question Paper Solution (2023-24) Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Class 12 Accountancy Official Sample Question Paper Solution (2023-24).
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Class 12 Accountancy Official Sample Question Paper Solution (2023-24) Notes on EduRev are your ultimate resource for success.
Class 12 Accountancy Official Sample Question Paper Solution (2023-24) Commerce Questions
The "Class 12 Accountancy Official Sample Question Paper Solution (2023-24) Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Class 12 Accountancy Official Sample Question Paper Solution (2023-24) on the App
Students of Commerce can study Class 12 Accountancy Official Sample Question Paper Solution (2023-24) alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Class 12 Accountancy Official Sample Question Paper Solution (2023-24),
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Class 12 Accountancy Official Sample Question Paper Solution (2023-24) is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup