Gujarat Board Accountancy Sample Papers

Gujarat Board Accountancy Sample Papers

Accountancy Class XII 1. Give two main sources of income of a Not for Profit Organisations. 2. What do you mean by Registered Debentures? 3. What are the features of Receipts and Payments Account? 4. Why is P & L appropriation A/c prepared by partnership firm? 5. Mention any two provisions of the Partnership Act, in the Absence of Partnership deed? 6. Write a note on minimum subscripiton? 7. List the vapious methods by which we can issue debenture? Know More About :- Gujarat Board Psychology Sample Papers

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8. From the following informations calculate the amount of subscriptions for the year 2008-09. subscriptions received during the year 90000 subscriptions outstanding 31 March 2008 20000 subscriptions outstanding 31 March 2009 20000 subscriptions received in advance on 31 March 2008 20000 subscriptions received in advance on 31 March 2009 20000 subscription of Rs. 5000 are still in arrears for the year 2007-08. 9. The promising company ltd. Took over assets of rs 3,50,000 & liabilites of rs 30,000 of x ltd. For a purchase consideration of rs 3,30,000. The promising company ltd. Paid the purchase consideratio n by issuing 12% debenture of rs 100 each at 10 % premium. Give journal entries in the books of promising ltd. 10. AKS Ltd. purchased the business of PR Ltd. for a purchase consideration of Rs. 250,000. Assets of PR Ltd. were of value Rs. 180,000, whereas its liabilities were of value Rs. 40,000. PR Ltd. was issued 10%Debentures of Rs. 100 each at par for the same. Journalise in the books of AKS Ltd. 11. A & b are partners sharing profits in the ratio of 5:3. They admit c in the firm for 3/10th share in profit which he takes 2/10th from a & 1/10th from b. C brings rs 30,000 as premium in cash out of his share of rs 7,800. Goodwill a/c does not appear in the books of a & b. Give necessary journal entries in the books of the firm.

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ThankYou

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