CBSE Class 12 Accountancy Question Paper 2012 (Set 67-1)

CBSE CLASS XII Questions

• 1.

  From the following information obtained from the books of 'Ajanta Ltd.', calculate Cash from Operations: Net Profit for the year ended 31st March, 2025 after charging depreciation of ₹ 80,000 and after writing off goodwill ₹ 10,500 was ₹ 4,90,000. Additional Information:

  

  View Solution

  ---

• 2.

  Shashi, Maya and Komal were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. On 31st March, 2025 Komal retired. The new profit sharing ratio between Shashi and Maya was decided as 3 : 5. The gain or sacrifice of Shashi and Maya on Komal's retirement was :

  • Shashi's sacrifice \( \frac{1}{8} \) ; Maya's gain \( \frac{13}{40} \)
    
  • Shashi's gain \( \frac{1}{8} \) ; Maya's sacrifice \( \frac{13}{40} \)
    
  • Shashi's sacrifice \( \frac{1}{8} \) ; Maya's sacrifice \( \frac{13}{40} \)
    
  • Shashi's gain \( \frac{1}{8} \) ; Maya's gain \( \frac{13}{40} \)
    
  View Solution

  ---

• 3.

  Sushil and Sapna were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2025, the firm was dissolved. On the date of dissolution there existed a balance of ₹ 1,20,000 in sundry creditors account. The sundry creditors were payable after three months. They were paid immediately at a discount of 12% p.a. The amount paid to sundry creditors was :

  • ₹ 1,20,000
    
  • ₹ 1,23,600
    
  • ₹ 1,16,400
    
  • ₹ 1,34,400
    
  View Solution

  ---

• 4.

  Sudama, Sharma and Varun were partners in a firm sharing profits and losses in the ratio of 6 : 4 : 3. Sharma retired from the firm on 31st March, 2025. The gaining ratio of Sudama and Varun will be:

  • 3 : 2
    
  • 2 : 1
    
  • 1 : 2
    
  • 2 : 3
    
  View Solution

  ---

• 5.

  Arora and Gurmeet were partners in a firm sharing profits and losses in the ratio of 3 : 2. Starting from 1st October, 2024 Arora withdrew ₹ 30,000 at the beginning of each quarter for his personal use. Interest on drawings was to be charged @ 12% per annum. Interest on Arora's drawings for the year ended 31st March, 2025 was:

  • ₹ 1,800
    
  • ₹ 2,700
    
  • ₹ 450
    
  • ₹ 3,600
    
  View Solution

  ---

• 6.

  Aashree and Manvi were partners in a firm and their capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. Normal rate of return in a similar business was 15% and the goodwill of the firm was valued at ₹ 3,00,000. If goodwill was calculated at three years purchase of super profits, the average profits of the firm were :

  • ₹ 1,00,000
    
  • ₹ 45,000
    
  • ₹ 2,50,000
    
  • ₹ 1,50,000
    
  View Solution