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Accounts Class - XII
1996 (CBSE)
You are on Set no 2 Qno. 1 to
17
PART - A (ACCOUNTING
III)
Q1) A and B are partners sharing
profits in the ration of 4 : 3. C is admitted as a partner. The new
profit-sharing ration is 3 : 2 : 1. Find out the sacrificing ratio.
(Marks 2)
Q3) Define partnership.
In the absence of Partnership Deed, what are the rules
regarding:
(i) Profit-sharing ratio. (ii) Interest on
drawings, (iii) Interest on Capital, (iv) Interest on loan given by
a partner. (Marks 3)
Q4) Mention the items
that may appear on the credit side of the capital account of a
partner when the
capitals are fluctuating.
Q6) Name the major headings under
which the liabilities and the assets sides of a company's Balance
Sheet is organised and presented. (Marks 5)
PART - B (Analysis of
financial statements)
Q10) From the following
information, calculate Debtors Turnover Ratio and Average Collection
Period.
Opening Debtors Rs.
37,000
Closing
Debtors Rs.
43,000
Sales Rs.
6,00,000
Cash
Sales Rs. 80,000
Q15) Calculate cash from
operations from the following information:
(Marks
5)
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Stock
Debtors
Creditors
Expenses
Outstanding
Bills Payable
Accrued Income
Profit and
Loss A/c
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1994
(Rs.)
60,000
25,000
32,000
3,500
35,000
8,000
80,000 |
1995
(Rs.)
50,000
23,000
28,000
4,500
22,000
9,000
90,000 |
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