accounts sample paper 2016 - 2017

Accounts sample papers CBSE class 12 and 11 | Accounts Sample Paper 2016 - 2017

Accounts Sample Paper CBSE Class 12 and 11: Takshila Learning is providing online free accounts sample papers. We guide students how to attempt question papers and how to gain maximum marks with minimum efforts. We have huge collection of previous years accountancy sample paper (Latest Question Papers 2016-2017).

PART A – PARTNERSHIP FIRMS AND COMPANY ACCOUNTS - Accounts Sample Papers CBSE Class 12 - Accounts Sample Paper 2016 - 2017

1. A’s capital account has a credit balance of  Rs.1,00,000 ; bank balance is Rs. 4,50,000. A’s loan a/c is showing a debit balance of Rs. 36,000. Show the treatment for A’s loan A/c. (1)

 2. Under what circumstances premium for goodwill paid by the incoming partners would never be recorded in the books of accounts? (1)

 3. A machine was purchased for Rs. 5,40,000 and the payment to vendor was made in shares. Shares were issued at 10% discount. What will be the amount of share discount? (1)

 4. Under which head in the Balance Sheet do we show the balance of share forfeiture account? (1)

 5. What is the nature of loss on issue of debentures account? Where is it shown? (1)

 6. Which companies are exempted from the obligations of creating DRR? (1)

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