Andhra Pradesh Board Class 12 Accountancy Sample Papers 2011
Andhra Pradesh Board Sample Papers 2011 for Class 12 Accountancy
Time Allowed : 3 Hrs. Max. Marks 65
General Instructions :-
1. Question paper is divided into two parts. Part-A and Part-B. Part-A carries 50 marks
and Part-B carries 15 marks.
2. All questions are compulsory.
3. Marks are indicated against each question.
4. Answer should be brief and according to marks allotted.
Q1.What is Partnership Deed ?
Q2. Mr. Gupta is a partner in a firm. He drew regularly Rs. 1200 at the end of every
month for the six months ending 30 June 2005. Calculate interest on drawing at
15% p.a. 2
Q3.Give two distinctions between Share and Debentures.
Q4.State the four characteristics of debenture.
Q5.What do you mean by Pro-rata Allotment ?
Q6.What is Gaining Ratio ? How it is calculated ?
Q7.How does the Income and Expenditure account differ from a Profit & Loss Account?
Q8. P and S are partners sharing profits and losses in the ratio of 3:2. Their books
showed goodwill at Rs. 20,000. R is admitted with 1/5th share which he acquires
equally from P and S. R brings Rs. 20,000 as his capital and Rs. 10,000 as his share
of goodwill. Profit at the end of the year were the amount of Rs. 1,00,000. You are
required to give journal entries. 3
Q9.What do you understand by Minimum Subscription and forfeiture of share ?
10.What is Sinking Fund and why it is prepared ?
Q11. A company issued Rs. 10,000 10% Debentures on 1st Jan. 1997. Interest on these
debentures is payable on 31st March and 30th September each year. Pass necessary
journal for 1997 assuming that Income Tax is deducted @ 25% on interest and that
accounts are closed on 30th September. 4
Q12. From the following Receipts and Payments A/c of a club and from the information
supplied, Prepare Income and Expenditure A/c for the year ended 31st Dec. 2000.
To Balance bid 250 By Salaries 1,200
To Subscription By Gen. Expenses 300
1999 250 By Electric Charges 200
2000 1,000 By Books 100
2001 200 By News Papers 400
To Sale of old furniture By Postage 50
(costing 100) 60 By furniture 250
To rent received for the
use of hall 740 By Balance clos 500
To sale of Newspaper 100
(a) The club has 50 members each paying annual subscription of Rs. 25.
Subscription outstanding on 31st Dec. 1999 were Rs. 300.
(b) On 31st Dec. 2000 salaries outstanding amount to Rs. 100. Salaries paid
included Rs. 100 for the year 1999.
(c) On 1-1-2000 the club owned land and building valued at Rs. 10,000, furniture
Rs. 600 and books for Rs. 500. 5
What is Receipt and Payment account ? What are its characteristics
Q13. X and Y share profits in the proportion of 3:1. The balance sheet of the firm as on
31st Dec. 1998 was as follows :
Liabilities Rs. Assets Rs.
Sundry Creditors 41,500 Cash at Bank 23,500
Capital BIR 3,000
X 30,000 Debtors 16,000
Y 16,000 46,000 Stock 20,000
Land & Building 25,000
On 1st January, 1999 Z was admitted into partnership on the following terms :
(i) That Z will pay Rs. 10,000 as his share of capital.
(ii) That Z will pay Rs. 5,000 for goodwill.
(iii) That the stock be reduced by 10%.
(iv) A provision at the rate of 5% be created both for bad and doubtful debts and
(v) That the value of the land and building be appreciated by 20%. Prepare
revaluation A/c and capital A/c.
Wha t i s goodwi l l ? Why doe s a new pa r tne r pay for i t ? How i s i t s va lue
Q14. X Co. Ltd,. issued 10,000 shares of Rs. 10 each at Re. 1 Premium. The amount
payable are as follows :
on application 3
on allotment 5 (including premium)
on first call 2
on final call 2
Ajay who was holding 100 shares, did not pay his allotment and first call money.
His shares were forfeited and Sanjay who was holding 200 shares did not pay first
call money and his shares were subsequently forfeited. The share were forfeited after
the first call is over and reissued to Mr. Gupta for Rs. 2,500 fully paid.
Prepare the necessary Journal Entries. 5
Q15. C, D and E were partners sharing profits in the ratio of 1/2, 1/3 and 1/6 respectively.
The Balance Sheet of C, D and E as on 31st Dec. 1998 are as follows :
Liabilities Amount Assets Amount
Sundry Creditors 19,000 Cash at Bank 2,500
B/P 5,000 Debtor 16,000
Less : Reserve for
Doubtful debts 500 15,500
Reserve Fund 12,000 Stock 25,000
Capital A/c Motor vans 8,000
C 40,000 Plant & Machinery 35,000
D 30,000 Factory Building 45,000
E 25,000 95,000
D retires on that subject to the following adjustments.
(i) Goodwill of the firm to be valued at Rs. 18000 and is to be written off later on.
(ii) Plant to be depreciated by 10% and Motor vans by 15%.
(iii) Stock to be appreciated by 20% and building by 10%.
(iv) The Reserve for doubtful debts to be increased by Rs. 1950.
Prepare Revaluation A/c, Capital A/c and Balance Sheet of the firm after CLS
Explain in detail the adjustments of A/cs on the retirement and death of Partner.
(Analysis of Financial Statements)
Q16. Under the headings will you show the following items in the Balance sheet of a Joint
(ii) Cash A/c
(iii) Trade Marks
(iv) Bills Receivable
(v) Debentures 2
Q17. Define the objectives of financial analysis.
Q18. What is the meaning and two objectives of trend analysis ?
Q19.What are the limitations of Cash Flow Statement ?
Q20. From the following information calculate :
(a) Current Ratio
(b) Liquid Ratio
(c) Operating Ratio
Items Rs. Rs.
Current Assets 70,000 Operating Expenses 40,000
Current Liabilities 35,000 Sales 1,20,000
Stock 30,00 Cost of goods sold 60,000
Q21. From the following information prepare a Cash Flow Statement.
Opening Cash Balance 20,000
Closing Cash Balance 24,000
Decrease in Debtors 10,000
Increase in Creditors 14,000
Sale of Fixed Assets 40,000
Redemption of Debentures 1,00,000
Net Profit for the year 40,000 4
Andhra Pradesh Board Best Sellers
In order to keep pace with technological advancement and to cope up with Andhra Pradesh Board examinations, Pearson group has launched Edurite to help students by offering Books and CDs of different courses online.
Get help on Andhra Pradesh Board Sample Question Paper for class 12 Now
Board Sample Paper
- Andhra Pradesh Board Class 12 Economics 2011
- Andhra Pradesh Board Class 12 Chemistry 2007
- Himachal Pradesh Board Class 10 English Literature 2009
- CBSE Board Class 12 Biology Sample Paper
- CBSE Board Class 12 Sample Paper of Math For 2007
- Bihar Board Class 11 Biology 2009
- Himachal Pradesh Board Class 10 Math 2009
- CBSE Board Class 8 Science 2009
- CBSE Board Class 11 English Core 2011
- CBSE Board Class 12 Biotechnology 2009
Previous Year Paper
- CBSE Board Class 12 English Core 2011
- CBSE Board Class 11 Biology 2008
- CBSE Board Class 10 English Core 2010
- CBSE Board Class 11 English Core 2011
- CBSE Board Class 12 Psychology 2010
- CBSE Board Class 11 Functional English 2007
- CBSE Board Class 12 Fashion Studies 2007
- CBSE Board Class 10 Home Science 2010
- CBSE Board 12 Political Science Previous Year Question Paper 2008
- CBSE Board Class 11 Math 2005
- West Bengal Board Class 10 Syllabus Of History
- Madhya Pradesh Board Class 11 Biology
- Madhya Pradesh Board Class 9 Painting
- Himachal Pradesh Board Class 12 Yoga
- Madhya Pradesh Board Class 12 French
- Madhya Pradesh Board Class 11 Elements of Science & Maths for Agriculture
- Andhra Pradesh Board Class 12 Political Science
- Madhya Pradesh Board Class 12 Music (Hindustani Vocal)
- Himachal Pradesh Board Class 10 Social Science
- Gujarat Board Class 11 Political Science