Bihar Board Class 12 Accountancy Question Paper PDF with Solutions is available for download. The Bihar School Examination Board (BSEB) conducted the Class 12 examination for a total duration of 3 hours 15 minutes, and the question paper was of a total of 100 marks.
Bihar Board Class 12 Accountancy 2025 Question Paper with Solutions PDF
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In the absence of partnership deed, partners are not entitled to get
A new partner brings for his share of Goodwill
Which of the following is a nature of goodwill?
Under superprofit basis goodwill is calculated by
Factor(s) that affect(s) goodwill is/are
What do you understand by superprofit ?
General Reserve Account always shows
Revaluation Account is a
Excess of credit side over the debit side in Revaluation Account is called
Equal profit ratio of three partners is
According to Companies (Share capital and Debenture) Rules, 2014 by which percentage of the amount of debentures will have to create Debenture Redemption Reserve, before the commencement of redemption of debentures ?
Deep Ltd. issued 10,00,000, 7% debentures of Rs. 100 each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss on the issue of debenture is
The balance of 'Sinking Fund Account' after the redemption of debentures is transferred to
When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to
Method(s) of redemption of debenture is/are
Sale of marketable securities will be shown under
Provision for Tax is
An annual report is issued by a company for
Financial Statement is
Patents and copyrights fall under which category?
On death of a partner, the firm gets for joint life policy taken for all partners is
On the death of a partner, final payment is made through
When is the partner's executor account opened?
Legal expenses are recorded in which side of Realisation A/c?
At the time of dissolution of firm, book value of assets is recorded in which side of Realisation Account?
Amount realised from sales of assets, on dissolution of firm is recorded in
When a partner takes responsibility to make payment of any outside liability of the firm, the account credited will be
Unrecorded liabilities when paid are shown in
If at the time of dissolution nothing is said about liabilities, then
On dissolution of the firm, Partners' Capital Accounts are closed through
The term 'Financial Statement' includes
The form of Balance Sheet as per Companies Act, 2013 is
Fixed Assets are shown
Parties interested in financial statements are
When financial statements of two or more organisations are analysed, it is called
Financial analysis is useful for
Which year can be selected for calculating trend percentage ?
Sales less cost of goods sold is called
Which of the following is not the method of financial statement analysis ?
Common size financial statements are mostly prepared in the form of
Legacies should be treated as
All receipts of capital nature are shown in
Subscription received in advance is
In which year did the Partnership Act come into force ?
For the firm, interest on partner's drawing is a/an
In partnership, preparation of partnership agreement is
When capital is fixed, the capital accounts of partners show
To become a partner it is essential to be
In the absence of partnership deed, partner
The balance of Current Account can be
Which of the following items is not taken into consideration while computing current ratio ?
Liquid assets include
Tangible assets of a company are increased from Rs. 4,00,000 to Rs. 5,00,000. What is the percentage of change?
Operating ratio is
Current assets include only those assets which are expected to be realised within
Creditors turnover ratio includes
Cash Flow Statement is prepared from
While preparing the Cash Flow Statement, the 'cash purchase of building' will be classified as
Which of the following is not an application of cash ?
An example of cash flow from financing activities is
A company is incorporated by
Discount on issue of shares is
A company issues its shares at a premium under which section of Indian Companies Act, 2013?
The liability of members in a company is
The amount received over and above the par value is credited to which account?
Balance of Share Forfeiture A/c is shown in the Balance Sheet under the item
Which of the following should be deducted from the called-up capital to find out paid-up capital?
Sweat equity shares are issued to
A company issued 10,000 shares of Rs. 10 each at a premium of 10%. The amount of premium will be
To whom is dividend given at a fixed rate in a company ?
Which of the following is a capital receipt?
The surplus / deficit of not-for-profit organisation is ascertained by
Which of the following is a revenue expenditure ?
Donations received for specific purpose are treated as
The summary of cash and bank transaction shows
Payment of honorarium to Secretary is treated as
Which of the following shows transactions related to one year?
Entrance fee is treated as
What is used to prepare the opening Balance Sheet ?
Outstanding subscription is shown in
Which of the following assets is compulsorily revalued at the time of admission of a new partner ?
Decrease in the value of fixed asset is called as
Revaluation Account is alike a
When a new partner does not bring his share of goodwill in cash, then the amount is debited to
The Partner's Capital Account is credited with
The accumulated profits are transferred to
Reconstitution of partnership is
In which ratio, the cash brought in for goodwill by the new partner is shared by the existing partners ?
Hari, Roy and Prasad are partners and their profit sharing ratio is 3:5:1. Roy now wants to retire and his share is taken by Prasad. New ratio of Hari and Prasad will be
X, Y and Z are partners sharing profit in the ratio of 3:4:3. Y retires and X and Z share their profits in equal ratio. New ratio of X and Z will be
Forfeiture of share results in the reduction of
A company signs through
Debenture is the part of
Debenture holders are the
What is the nature of Debenture application account ?
Interest payable on debentures is
In case of issue of debentures as a collateral security for the loan taken from the bank, which account will be debited ?
In the Balance Sheet of a company, debentures are shown under which head ?
Discount on issue of debentures is recorded in the form of
Premium on redemption of debenture is a
Mention two objectives of financial statements.
State two objectives of common size statement.
What is meant by analysis of financial statements ?
Why are assets and liabilities revalued on the death of a partner ?
When and why is realisation account prepared ?
Under what circumstances is a partnership firm compulsorily dissolved?
What is meant by number of years' purchase at the time of valuation of goodwill?
State the conditions for valuation of goodwill.
Write any two points of difference between sacrificing ratio and gaining ratio.
What is trend analysis ?
What do you understand by common size statement ?
State two objectives of ratio analysis.
Differentiate between shares and debentures on any two points.
What is lumpsum payment method of redemption of debenture ?
What is meant by redemption of debentures ?
Write the formula of calculating gaining ratio.
X and Y are partners. They share profits and losses in the ratio of 2:1. They admit Z into partnership by giving 1/4th share in future profits. Calculate the new profit sharing ratio.
What is called accumulated profit ?
How is Capital Fund calculated ?
Distinguish between charge against profit and appropriation of profit.
What is partnership deed ?
X, Y and Z are partners sharing profit in the ratio of 3:2:2. Y retires. X and Z decide to share profit in future in the ratio of 4:3. Calculate gaining ratio.
What is joint life policy?
State the items which are debited to deceased partner's capital account.
Name any two solvency ratios.
What are the objectives of preparing Cash Flow Statement?
Give two examples of cash outflow from investing activities.
What is Sweat equity share?
Why does company forfeit shares ?
What is Redeemable Debenture ?
What is Receipts and Payments Account ? How is it different from Income and Expenditure Account ?
What is partnership firm ? State its main characteristics.
What is meant by comparative income statement ? How is it prepared ?
What is Cash Flow Statement ? Describe its uses.
The total capital of the firm of Sourabh, Mohit and Nikhil was Rs. 1,00,000. The net profits for the last three years were: 2019-20 Rs. 40,000; 2020-21 Rs. 46,000 and 2021-22 Rs. 52,000. There was an abnormal loss of Rs. 3,000 in 2020-21. Goodwill of the firm was to be valued at 2 years' purchase of the average profit of last three years. Calculate the goodwill of the firm.
What journal entries would you pass for the following transactions on the dissolution of a firm of A and B?
i) Dissolution expenses amounted to Rs. 500.
ii) Unrecorded assets realised Rs. 2,500.
iii) Stock worth Rs. 2,000 already transferred to realisation account was taken over by a partner A.
iv) Creditors, already transferred to realisation account were paid Rs. 3,000.
v) Profit on realisation Rs. 4,000 is to be distributed between A and B in the ratio of 3:1.
Cemto Ltd. forfeited 6,000 shares of Rs. 10 each issued at a premium of Rs. 2 per share for the non-payment of final call of Rs. 3 per share. 300 of the forfeited shares were re-issued for Rs. 8 per share as fully paid up. Pass necessary journal entries for the forfeiture and re-issue of shares. Also prepare share forfeited account.
A Ltd. provides the following information :
i) Closing Stock Rs. 1,00,000
ii) Creditors Rs. 86,000
iii) Cash Rs. 20,000
iv) Bills Receivable Rs. 18,000
v) Sales Rs. 6,00,000
vi) Fixed Assets Rs. 1,20,000
vii) Bank Rs. 42,000
viii) Overdraft Rs. 34,000
You are required to calculate the following ratios :
(a) Current Ratio, (b) Quick Ratio, (c) Stock Turnover Ratio, (d) Fixed Asset Turnover Ratio.
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