Solve to get maximum marks in Term 2 test

CBSE Term 2 Class 12 Board Exam 2022: CBSE Term 2 Sample Papers for Class 12, session 2021-22 has been released. Check here Accountancy sample paper with marking scheme.

The Central Board of Secondary Education, CBSE will conduct the Class 12th Accountancy Term 2 examination tomorrow (May 23, 2022). We have provided below CBSE Sample Papers for Class 12 Accountancy. This sample question paper released by the board will provide you with the basic information about the type of paper, the pattern to be followed and the marks distribution scheme for Term 2 exam. Have a look at the CBSE 12th Term 2 Accounts sample paper below and also understand the marking scheme to score high in tomorrow’s exam.

CBSE Class 12th Accounts Sample Paper (Term 2 Exam 2022) by experts for last minute revision

CBSE Class 12th Accountancy Syllabus for Term 2 Exam with Important Resources

CBSE Term 2 Class 12 Accounts Sample Paper: Marking Scheme, Question Paper Pattern

The question paper will have two parts: A and B.

There will be 12 questions in the question paper. All questions will be compulsory.

Part-A is compulsory for all the candidates.

There will be two major options in Part-B

(i) Analysis of the financial statements and

(ii) Computerized Accounting

Students should attempt only one of the given options.

Each paper will consist of short type questions carrying two marks each and 3 marks each. Then there will also be longer type questions carrying 5 marks each. Internal choices will be given in questions of three and five marks.

CBSE Term 2 Accountancy Sample Paper: CBSE Class 12 Board Exam 2022

Q1. The following information is provided by M/s Achyut Health Care. You need to calculate the quantity of medicines consumed during the year 2020-21:

Stock of medicines as on 1st April 2020

Creditors of medicines till April 1, 2020

Stock of medicines till 31st March 2021

Creditors of medicines till March 31, 2021

Cash purchase of medicines during the year 2020-21

Credit purchase of medicines during the year 2020-21

15,00,000

3,50,000

10,00,000

4,20,000

2,00,000

6,00,000

north. Quantity of Medicines consumed during the year 2020-21:

description

Amount (₹)

cash purchase of medicines

Add: Credit Purchase of Medicines

total purchase

Add: Opening Stock

Low: Closing Stock

Medicines consumed during the year

2,00,000

6,00,000

8,00,000 points

15,00,000 points

10,00,000 points

13,00,000 points

Question 2. Distinguish on the basis of ‘dissolution of partnership’ and ‘dissolution of partnership firm’:

(i) Settlement of assets and liabilities

(ii) Economic Relations

north.

basis of distinction

dissolution of partnership

dissolution of partnership firm

Settlement of assets and liabilities

Assets are revalued and liabilities are revalued

Assets are sold and liabilities are paid.

economic relationship

The economic relationship between the partners continues, albeit in a changed form.

Economic relations between the partners come to an end.

Q3. Suresh, Ramesh and Tushar were partners in the firm sharing profits in the ratio 6 : 5 : 4. Ramesh retired and his capital reserves, after adjusting for revaluation of assets and revaluation of liabilities, stood at ₹ 2,50,400. Suresh and Tushar agreed to pay ₹ 2,90,000 to her in full settlement of her claim. Pass necessary journal entries for the remedy of goodwill. Show work clearly.

north.

Journal entry

Date

description

LF

Dr. Rashi

Ten million. Amount

Suresh’s Capital Account Dr.

23,760

Tushar Capital A/c Dr.

15,840

Ramesh’s Capital Account (Goodwill Adjusted)

39,600

Working Note:

Ramesh’s share of goodwill = ₹2,90,000 – ₹2,50,400 = ₹39,600

Question 4. Calculate the amount of membership received during the year 2020-21 from the following information given by Modern Dance Academy.

(i) The amount of membership credited to the Income and Expenditure Account for the year ending 31st March 2021 was 3,00,000 and each member is required to pay an annual subscription of Rs.

(ii) The amount of subscription outstanding as on 1st April 2020 was Rs 16,000.

(iii) During the year 2020-21, 10 members made partial payment of Rs 26,000 for membership, 8 members failed to pay the membership amount and 5 members paid the membership amount for the year 2021-22.

(iv) During the year 2019-20, 12 members paid the membership amount for the year 2020-21.

north. Calculation of subscription amount received during the year 2020-21

description

Amount (₹)

Membership credited to Income and Expenditure Account

3,00,000

Add: Outstanding for 2019-20

16,000

Less : Outstanding for 2020-21

For 10 members (10 x 3000 – 26,000) 4,000

24,000 for 8 members (8 x3000)

-28,000

Less : Advances during 2019-20

-36,000

Add : Advances during 2020-21

15,000

Amount of subscription received during the year

2,67,000

To solve many more such questions check the links given below:

Read|

CBSE Class 12 Accounts Sample Paper 2022: Download PDF Here

CBSE Class 12 Accounts Marking Scheme with Answers: Download PDF Below

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