
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

ISC Class XII Board Specimen 2014 : Accounts

9 pages, 43 questions, 17 questions with responses, 22 total responses,

ISC 12th
Indian School Certificate Examination (ISC), New Delhi

+Fave Message

Profile Timeline Uploads Q & A

Home > isc >

Formatting page ...

ACCOUNTS (Three hours) (Candidates are allowed additional 15 minutes for only reading the paper. They must NOT start writing during this time.) ---------------------------------------------------------------------------------------------------------------Section A - Answer Question 1 (compulsory) from Part I and any other four questions from Part II. Section B and Section C Answer two questions from either section B or Section C. The intended marks for questions or parts of questions are given in brackets [ ]. Transactions should be recorded in the answer book. All calculations should be shown clearly. All working, including rough work, should be done on the same sheet as, and adjacent to, the rest of the answer. --------------------------------------------------------------------------------------------------------------- SECTION A PART I (20 Marks) Answer all questions. Question 1 [10 2] Answer each of the following questions briefly: (i) (ii) Define joint venture. State the provisions of the Partnership Act, 1932, in the absence of a Partnership Deed regarding (a) Interest on Partner s Drawing (b) Interest on advances made by a partner to the firm other than capital. (iii) State the complete accounting treatment of hidden goodwill at the time of admission of a partner. (iv) Why are assets revalued and liabilities reassessed when there is a change in profit sharing ratio amongst the partners? (v) State two differences between dissolution of partnership and dissolution of firm. (vi) Why is a memorandum balance sheet prepared at the time of dissolution of a partnership firm? (vii) State two similarities between calls in arrear account and calls in advance account. (viii) What is the accounting treatment when shares are issued to promoters for consideration other than cash? (ix) Differentiate between Joint Venture account and JV with account. (x) Mention the name and explain the part of capital of a company which is called up only on its winding up. 1 ISC Specimen Question Paper 2014

Related ResPapers
Class 12 ISC Board Exam 2017 : Accounts
by american_badass

ISC Class XII Board Specimen 2018 : Accounts
by skmahanor

ISC Class XII Board Exam 2023 : Accounts (Solved)
by snehaverma223

ISC Class XII Board Specimen 2017 : Accounts
by isc

Formatting page ...

Top Contributors
to this ResPaper
(answers/comments)

Naman Dudhedia
(10)

Ayswarya Balamurali
(3)

Rudrajit
(3)

sidchandra898
(2)

Formatting page ...

Additional Info : ISC Board Specimen Question Paper 2014 Accounts
Tags : ISC Board, Council for the Indian School Certificate Examinations, ISC 2021 - 2022 Examination, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, ISC Solved Specimen Question Papers 2021 - 2022, ISC Solved Mock Guess Exam Papers, ISC Board Model Paper with Answers, Detailed Solutions & Explanations, isc sample question bank, past / old / last year online test papers, syllabus, online coaching.

isc chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: