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ICSE Class 8 Notes 2024 : Accounts (Pawar Public School (PPS), Hadapsar, Pune)

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Ja Haha
Pawar Public School (PPS), Hadapsar, Pune

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SAMPLE QUESTION PAPER 2022-23 SUBJECT ACCOUNTANCY 055 CLASS XII TIME 3 HOURS MAX. MARKS 80 GENERAL INSTRUCTIONS: 1. 2. 3. 4. 5. 6. 7. 8. 9. This question paper contains 34 questions. All questions are compulsory. This question paper is divided into two parts, Part A and B. Part - A is compulsory for all candidates. Part - B has two options i.e. (i) Analysis of Financial Statements and (ii) Computerised Accounting. Students must attempt only one of the given options. Question 1 to 16 and 27 to 30 carries 1 mark each. Questions 17 to 20, 31and 32 carries 3 marks each. Questions from 21 ,22 and 33 carries 4 marks each Questions from 23 to 26 and 34 carries 6 marks each There is no overall choice. However, an internal choice has been provided in 7 questions of one mark, 2 questions of three marks, 1 question of four marks and 2 questions of six marks. PART A (Accounting for Partnership Firms and Companies) S.No. 1. Question Marks Part A :- Accounting for Partnership Firms and Companies Navya and Radhey were partners sharing profits and losses in the ratio of 3: 1. 1 Shreya was admitted for 1/5th share in the profits. Shreya was unable to bring her share of goodwill premium in cash. The journal entry recorded for goodwill premium is given below: Date Particular LF Debit Credit ( ) ( ) Shreya s Current A/c. Dr. 24,000 To Navya s Capital A/c. 8,000 To Radhey s Capital A/c 16,000 (Being entry for goodwill treatment passed) The new profit-sharing ratio of Navya, Radhey and Shreya will be: a) 41: 7: 12 b) 13:12: 10 c) 3:1: 1 d) 5:3: 2

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ICSE Class 8 Notes 2024 : Accounts (Pawar Public School (PPS), Hadapsar, Pune)
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