Government of Karnataka
Department of School Education
(Pre-University)
REVISED QUESTION BANK
2024-25
Subject :
Accountancy (30)
II PUC
, REVISED QUESTION BANK
COMMITTEE MEMBERS
Coordinator
Sri. Mahabaleshwara Tunga
Principal, Soundarya Composite PU College, AN 0436
Havanur extension, Bengaluru-73
Members
Sri. L G Kumbar
Senior lecturer, Govt. P U College for Boys EE0025
Vijayapura
Sri.V L Kamakar
Senior lecturer, Govt. SSCA PU College - DD0201
K K Koppa, Taluk, District Balagavi.
Sri Sanjeeva
Selection Grade Lecturer - SU0055
Viveka PU College, Kota, Udupi.
Smt. Lakshmi M K
Senior Lecturer, Govt.P.U. College for Girls, Hiriyur – GG0299
Chitradurga District.
**********-------**********
DISCLAIMER
The question bank is prepared for the benefit of students and teachers. The committee that
worked for the preparation of question bank has made all efforts to make the question bank
comprehensive and foolproof. However, if any mistakes or errors are found in the question bank,
please mail at and . There is no guarantee
that only the questions from this question bank would appear in the examination conducted by the
department.
COPYRIGHTS
The copyrights of the question bank lies with the Director, Department of School Education
(Pre-University). The question bank is prepared for academic purpose only. No part of the question
bank is allowed to be used for commercial gains.
, INDEX
Chapter Name of Chapter Page No. Page No
No. From To
01. ACCOUNTING FOR PARTNERSHIP
BASIC CONCEPTS 01 10
02. RECONSTITUTION OF A PARTNERSHIP FIRM
ADMISSION OF A PARTNER 11 28
03. RECONSTITUTION OF A PARTNERSHIP FIRM
RETIREMENT / DEATH OF A PARTNER 29 49
04. DISSOLUTION OF PARTNERSHIP FIRM 50 69
05. ACCOUNTING FOR SHARE CAPITAL 70 82
06. ISSUE AND REDEMPTION OF DEBENTURES 83 91
07. FINANCIAL STATEMENTS OF A COMPANY 92 103
08. FINANCIAL STATEMENT ANALYSIS 104 114
09. ACCOUNTING RATIOS 115 132
10. CASH FLOW STATEMENT 133 142
*****-----*****
, CHAPTER - 01
ACCOUNTING FOR PARTNERSHIP
BASIC CONCEPTS
PART - A
One Mark Questions:
I] Multiple Choice Questions:
1] The agreement between partner may be in
a] Oral
b] Written
c] Oral or Written
d] Duplicate
2] Partnership deed may not contains:
a] Name of the firm
b] Name and address of the partners
c] Profit and loss sharing ratio
d] Ownership of property.
3] If any partner has advanced some money to the firm beyond the amount of his
capital, he shall be entitled to get interest on the amount at the rate of:
a] 5% p.a.
b] 6% p.a.
c] 8% p.a.
d] 7% p.a.
4] Interest on capital is generally provided for, when:
a] The partners contribute unequal amounts of capital but share profits equally.
b] The partners contribute equal amounts of capital but share profit unequally
c] Both (a) & (b) situation
d] The partners contribute equal amounts of capital but withdrawn unequally.
5] When fixed amount is withdrawn on the first day of every month, interest
on total amount for the year ending will be calculated for:
a] 5 & 1/2 months
b] 4 &1/2 months
c] 6 &1/2 months
d] 6 months
REVIESED QUESTION BANK (DPUE) – 2024-25 II - PUC 1|Page
Department of School Education
(Pre-University)
REVISED QUESTION BANK
2024-25
Subject :
Accountancy (30)
II PUC
, REVISED QUESTION BANK
COMMITTEE MEMBERS
Coordinator
Sri. Mahabaleshwara Tunga
Principal, Soundarya Composite PU College, AN 0436
Havanur extension, Bengaluru-73
Members
Sri. L G Kumbar
Senior lecturer, Govt. P U College for Boys EE0025
Vijayapura
Sri.V L Kamakar
Senior lecturer, Govt. SSCA PU College - DD0201
K K Koppa, Taluk, District Balagavi.
Sri Sanjeeva
Selection Grade Lecturer - SU0055
Viveka PU College, Kota, Udupi.
Smt. Lakshmi M K
Senior Lecturer, Govt.P.U. College for Girls, Hiriyur – GG0299
Chitradurga District.
**********-------**********
DISCLAIMER
The question bank is prepared for the benefit of students and teachers. The committee that
worked for the preparation of question bank has made all efforts to make the question bank
comprehensive and foolproof. However, if any mistakes or errors are found in the question bank,
please mail at and . There is no guarantee
that only the questions from this question bank would appear in the examination conducted by the
department.
COPYRIGHTS
The copyrights of the question bank lies with the Director, Department of School Education
(Pre-University). The question bank is prepared for academic purpose only. No part of the question
bank is allowed to be used for commercial gains.
, INDEX
Chapter Name of Chapter Page No. Page No
No. From To
01. ACCOUNTING FOR PARTNERSHIP
BASIC CONCEPTS 01 10
02. RECONSTITUTION OF A PARTNERSHIP FIRM
ADMISSION OF A PARTNER 11 28
03. RECONSTITUTION OF A PARTNERSHIP FIRM
RETIREMENT / DEATH OF A PARTNER 29 49
04. DISSOLUTION OF PARTNERSHIP FIRM 50 69
05. ACCOUNTING FOR SHARE CAPITAL 70 82
06. ISSUE AND REDEMPTION OF DEBENTURES 83 91
07. FINANCIAL STATEMENTS OF A COMPANY 92 103
08. FINANCIAL STATEMENT ANALYSIS 104 114
09. ACCOUNTING RATIOS 115 132
10. CASH FLOW STATEMENT 133 142
*****-----*****
, CHAPTER - 01
ACCOUNTING FOR PARTNERSHIP
BASIC CONCEPTS
PART - A
One Mark Questions:
I] Multiple Choice Questions:
1] The agreement between partner may be in
a] Oral
b] Written
c] Oral or Written
d] Duplicate
2] Partnership deed may not contains:
a] Name of the firm
b] Name and address of the partners
c] Profit and loss sharing ratio
d] Ownership of property.
3] If any partner has advanced some money to the firm beyond the amount of his
capital, he shall be entitled to get interest on the amount at the rate of:
a] 5% p.a.
b] 6% p.a.
c] 8% p.a.
d] 7% p.a.
4] Interest on capital is generally provided for, when:
a] The partners contribute unequal amounts of capital but share profits equally.
b] The partners contribute equal amounts of capital but share profit unequally
c] Both (a) & (b) situation
d] The partners contribute equal amounts of capital but withdrawn unequally.
5] When fixed amount is withdrawn on the first day of every month, interest
on total amount for the year ending will be calculated for:
a] 5 & 1/2 months
b] 4 &1/2 months
c] 6 &1/2 months
d] 6 months
REVIESED QUESTION BANK (DPUE) – 2024-25 II - PUC 1|Page
