PRE-BOARD QUESTION PAPER 2022-23
SUBJECT ACCOUNTANCY 055
CLASS XII
QP & MS
TIME 3 HOURS MAX. MARKS 80
GENERAL INSTRUCTIONS:
1. This question paper contains 34 questions. All questions are compulsory.
2. This question paper is divided into two parts, Part A and B.
3. Part - A is compulsory for all candidates.
4. Part - B (Analysis of Financial Statements) is also compulsory for all candidates.
5. Question 1 to 16 and 27 to 30 carries 1 mark each.
6. Questions 17 to 20, 31and 32 carries 3 marks each.
7. Questions from 21 ,22 and 33 carries 4 marks each
8. Questions from 23 to 26 and 34 carries 6 marks each
9. There is no overall choice. However, an internal choice has been provided in 7 questions of
one mark, 2 questions of three marks, 1 question of four marks and 2 questions of six
marks.
PART A
(Accounting for Partnership Firms and Companies)
S.N Question Mar
o. ks
Part A :- Accounting for Partnership Firms and Companies
1. A and B are sharing profits and losses in the ratio 5 : 3. They admitted C as a partner and 1
gave him 1/5th share of the profits. He acquired his share equally from A and B. New
profit sharing ratio will be:
(a) 5 : 6 : 3
(b) 2 : 4 : 6
(c) 21 : 11 : 8
(d) 18 : 24 : 38.
2. Reserve appearing in the Balance Sheet will be divided among partners during admission 1
in ________________ ratio.
, 3. 1
OR
Premium on issue of debentures is transferred to ________________________.
4. 1
Or
S and M are partners sharing profits and losses in the ratio of 2:3 with the capitals of ₹
10,00,000 and ₹ 12,00,000 respectively. On 1st January 2022, S and M granted loans
of ₹ 40,000 and ₹ 20,000 respectively to the firm. Determine the amount of loss to be
borne by each partner for the year ended 31st March 2022 if the loss before interest
for the year amounted to ₹ 5,000.
a) Share of Loss S –₹ 2500 M – ₹ 2500
b) Share of Loss S –₹ 2,000 M – ₹ 3,000
c) Share of Loss S –₹ 820 M – ₹ 2,460
d) Share of Loss S –₹ 2,360 M – ₹ 3,540
5. Aman and Raman are partners of a firm sharing profit and losses in the ratio of 1
3:2. Their capitals are Rs.2,00,000 and Rs.1,00,000 respectively. Interest on capital
is allowed at 8% per annum. The firm earned a profit of Rs.15,000 for the year
ended 31st March 2022. Interest on capital for Aman and Raman would be
A. Aman Rs.16,000, Raman Rs.8,000
B. Aman Rs.9,000, Rs. Raman 6,000
C. Aman Rs.10,000 Rs. Raman 5,000
D. No interest will be allowed
SUBJECT ACCOUNTANCY 055
CLASS XII
QP & MS
TIME 3 HOURS MAX. MARKS 80
GENERAL INSTRUCTIONS:
1. This question paper contains 34 questions. All questions are compulsory.
2. This question paper is divided into two parts, Part A and B.
3. Part - A is compulsory for all candidates.
4. Part - B (Analysis of Financial Statements) is also compulsory for all candidates.
5. Question 1 to 16 and 27 to 30 carries 1 mark each.
6. Questions 17 to 20, 31and 32 carries 3 marks each.
7. Questions from 21 ,22 and 33 carries 4 marks each
8. Questions from 23 to 26 and 34 carries 6 marks each
9. There is no overall choice. However, an internal choice has been provided in 7 questions of
one mark, 2 questions of three marks, 1 question of four marks and 2 questions of six
marks.
PART A
(Accounting for Partnership Firms and Companies)
S.N Question Mar
o. ks
Part A :- Accounting for Partnership Firms and Companies
1. A and B are sharing profits and losses in the ratio 5 : 3. They admitted C as a partner and 1
gave him 1/5th share of the profits. He acquired his share equally from A and B. New
profit sharing ratio will be:
(a) 5 : 6 : 3
(b) 2 : 4 : 6
(c) 21 : 11 : 8
(d) 18 : 24 : 38.
2. Reserve appearing in the Balance Sheet will be divided among partners during admission 1
in ________________ ratio.
, 3. 1
OR
Premium on issue of debentures is transferred to ________________________.
4. 1
Or
S and M are partners sharing profits and losses in the ratio of 2:3 with the capitals of ₹
10,00,000 and ₹ 12,00,000 respectively. On 1st January 2022, S and M granted loans
of ₹ 40,000 and ₹ 20,000 respectively to the firm. Determine the amount of loss to be
borne by each partner for the year ended 31st March 2022 if the loss before interest
for the year amounted to ₹ 5,000.
a) Share of Loss S –₹ 2500 M – ₹ 2500
b) Share of Loss S –₹ 2,000 M – ₹ 3,000
c) Share of Loss S –₹ 820 M – ₹ 2,460
d) Share of Loss S –₹ 2,360 M – ₹ 3,540
5. Aman and Raman are partners of a firm sharing profit and losses in the ratio of 1
3:2. Their capitals are Rs.2,00,000 and Rs.1,00,000 respectively. Interest on capital
is allowed at 8% per annum. The firm earned a profit of Rs.15,000 for the year
ended 31st March 2022. Interest on capital for Aman and Raman would be
A. Aman Rs.16,000, Raman Rs.8,000
B. Aman Rs.9,000, Rs. Raman 6,000
C. Aman Rs.10,000 Rs. Raman 5,000
D. No interest will be allowed
