Mahe Dhse Class 12 Accountancy — Real Previous-Year Papers

Sanju and Samson are partners in the ratio 3:2. They admit Sachin for 1/6th Share. Calculate new ratio and sacrificing ratio.

X, Y and Z are partners sharing profits and losses in the ratio 5 : 3 : 2. Z retires from the firm. The continuing partners, X and Y, gaining ratio is 1 : 1. Z share of goodwill is ₹ 5,000. Pass the journal entry for the adjustment of goodwill without opening a goodwill account.

P, a partner in a firm withdraws ₹ 5,000 per month regularly only on the first day of every month. Interest is at 10% per annum. Calculate interest on drawings.

List the relevant provisions of the Indian Partnership Act, 1932, that are applicable in the absence of a partnership deed.

Pass journal entries at the time of dissolution of a firm in the following cases : (a) Furniture worth ₹ 10,000 is taken over by Rahul, one of the partners, at its book value. (b) An unrecorded computer is sold for ₹ 3,000.

Explain the methods of maintaining capital accounts of partners.

A and B are partners with capitals of ₹ 1,00,000 and ₹ 60,000. They share profits and losses in the ratio 3:2. Interest on capital is 10% p.a., and A is entitled to a salary of 5,000 p.a. The firm made a net profit of ₹ 25,000. Prepare the Profit and Loss Appropriation Account.

X and Y are partners in a firm sharing profits in 3 : 2 ratio. They admitted Z as a new partner. X surrendered 1/3 of her share in favour of Z and Y surrendered 1/4 of her share in favour of Z. Calculate the new profit-sharing ratio and sacrificing ratio.

Consider the following information and ascertain the value of goodwill at 2 years purchase of super profit : (a) Total Capital employed 2,00,000 (b) Normal rate of return 10% (c) Average Profit for the last 5 Years ₹ 24,000 (d) Remuneration to partners ₹ 2,000

M, N and O are equal partners in a firm. M decides to retire from the firm, write journal entries for the following : (a) Furniture increased by ₹ 10,000 (b) Revaluation loss ₹ 6,000

Distinguish between dissolution of partnership and dissolution of firm.

Following is the Balance sheet of Sachin and Kambli who share profits in the ratio of 3:2. **Balance Sheet of Sachin Kambli as on April 1, 2023** | Liabilities | Amount (₹) | Assets | Amount (₹) | |---|---|---|---| | Creditors | 20,000 | Cash in hand | 4,000 | | Capitals | | Debtors | 10,000 | | Sachin 30,000 | | Stock | 16,000 | | Kambli 20,000 | 50,000 | Furniture | 15,000 | | | | Plant Machinery | 25,000 | | | 70,000 | | 70,000 | On that date Lara is admitted into the partnership on the following terms : (1) Lara is to bring in ₹ 10,000 as capital and ₹ 5,000 as premium for goodwill for 1/6 share. (2) The value of stock is reduced by 10% and plant and machinery increased by 5%. (3) A creditor of ₹ 1,000 is not likely to claim her money. Prepare revaluation account and capital account of partners.

Akhil, Binu, and Chinu are equal partners in a firm. Chinu retires from the firm. On the date of retirement, ₹ 1,00,000 becomes due to him. Akhil and Binu agree to pay this amount to Chinu in 4 equal annual instalments together with interest @ 10% p.a. (a) Pass the journal entry for the amount due to Chinu on the date of retirement. (b) Prepare Chinu's Loan Account for four years.

Answer the following questions : (a) What is a Realisation Account ? (b) What are the various modes of dissolution of a firm ? (c) State the order of settlement of accounts on dissolution of a firm.

PGT -Palakkad is an example of ___. (a) Block code (b) Mnemonic code (c) Sequential code (d) None of these

Libre Office Calc is a ___ software. (a) Text document (b) Spreadsheet (c) Database (d) None of the above

The function used for preparing loan repayment schedule is called ___. (a) RATE T (b) PV (c) PMT (d) ACCRIN

Sale of fixed asset is recorded in ___ voucher type.

List out any four features of Libre Office Calc.

State the earnings components of payroll.

What are the advantages of graphs and charts.

Write the steps for creating a chart.

Name the step to create ledger accounts in GNUKhata.

Write short note on : (a) DBMS (b) Query (c) Forms

Explain the components of Libre Office Calc.

Describe the security features of CAS.

Explain the features of GNUKhata.