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12 EM Account

The document outlines an examination paper for a 12th-grade accounting subject scheduled for January 22, 2025. It consists of multiple sections including multiple-choice questions, short answer questions, and longer problem-solving questions, with varying marks assigned to each section. The total marks for the exam are 100, and it includes questions on topics such as capitalized profit, balance sheet valuations, and journal entries for partnership dissolution.

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Ruparel Education Pvt. Ltd.
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10 views8 pages

12 EM Account

The document outlines an examination paper for a 12th-grade accounting subject scheduled for January 22, 2025. It consists of multiple sections including multiple-choice questions, short answer questions, and longer problem-solving questions, with varying marks assigned to each section. The total marks for the exam are 100, and it includes questions on topics such as capitalized profit, balance sheet valuations, and journal entries for partnership dissolution.

Uploaded by

Ruparel Education Pvt. Ltd.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Date : 22/1/25 Day : Wednesday Time :2:30 to 5:45

Subject : Account Std. : 12 [English Medium] Marks :100


Section A
Select appropriate option for each question: (Each question carrying 1 mark) [20]
1

1
10

11

12

13

14

15

16

17

18

19

20

2
Section B
Answer in one sentence: (Each question carrying 1 mark) [10]
21. What is capitalized profit?
22. At which value assets-liabilities are shown in the balance sheet after revaluation?
23. Explain accounting treatment of the new goodwill of the firm valued at the time of the
retirement of a partner?
24. Who has to bear dissolution expense, at the time of dissolution of a firm?
25. How would you deal with the provident fund balance shown in the balance sheet at the
time of dissolutions?
26. Under which head ’Securities premium reserve account’ appears in the balance sheet?
27. The gross profit ration and the net profit ratios are revenue based ratios or expense based
ratios?
28. When the changes in stock is positive, whether it will be added to cost of goods sold or
deducted?
29. What is cash flow?
30. In which activity the paid dividend and interest are recorded?

Section C
Do as directed: (Any 4out of 31 to36) (Each question carrying 3 mark) [12]
31.

32.

33.

1.

34. Write a journal entry at the time of dissolution of the partnership firm for the following
transactions.
1

35.

3
36.

Section D
Do as directed: (Any 3 out of questions :37 to 41) (Each question carrying 4 mark) [12]
37.

38

39

40.

4
41.

Section E
Do as Directed (any 3 out of 42 to 46)(Each question carrying 8 marks) [24]
42.

43.

5
44.

6
45.

46.

Section F
Do as Directed (47 and 48) (Each question carrying 11 marks) [22]
47.

7
48.

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