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HSC ACCOUNTS MARCH 2017 BOARD PAPER

HSC 12th Accounts Board Question Paper Solution and Syllabus
Accounts Header Image 1 Accounts Header Image 2 Accounts Question Solution Image Single Entry Problem Admission of Partner Problem Retirement of Partner Problem Bill of Exchange Problem Dissolution Problem Image NPO Problem Image Final Account Problem Image 1 Final Account Problem Image 2
Q1. A. Answer in One Sentence
(i) Statement of Profit or Loss is prepared under the Single Entry System to ascertain profit.
(ii) The debit balance of insolvent partner’s capital account which insolvent partner cannot pay is called capital deficiency.
(iii) Non - recurring expences are those capital expenses which are spent for acquisition of fixed asssets like purchase of land or furniture, in order to run the concern and it gives benefits for a lon period say more than 3 years.
(iv) Gain ratio is calculated at the time of retirement of a partner by deducting old ratio from new ratio.
(v) A bill of exchange is said to be retired if its acceptor makes payment of it before its due date, usually after deducting some discount or rebate.

ACCOUNTS BOARD PAPERS UP TO DATE SOLUTION

Q1. B. Give the Word/Term/Phrase
(i) Bad debts
(ii) Drawee
(iii) Gross Profit ratio / Turnover ratio.
(iv) Dissolution of Partnership firm.
(v) Notary Public.
Q1. C. Select the Most Appropriate Answer
(i) Goodwill is an intangible asset.
(ii) Debenture is an acknowledgement of debt under common seal of a company.
(iii) When closing capital is greater than opening capital it is denotes Profit.
(iv) Cash proceeds from the issue of debentures is a Financial activity.
(v) Payee is a person to whom the amount on a bill is payable.
Q1. D. State True or False
(i) True
(ii) False
(iii) True
(iv) False
(v) False.
Q. 1. E.
Q1 F Solution Image
Detailed Solutions
Solution : Single Entry

Solution : Admission of partner

Click for Retirement of partner solution

Bill of Exchange Solution Click Here

Dissolution problem Akbar and Birbal

Modern Chemicals Co. Ltd. Issue of Shares Solution

NPO Answer Click Here

Final Account Answer Click Here

Book-keeping and Accountancy 12th Standard
HSC Maharashtra State Board. Latest Syllabus.

Chapter 1: Introduction to Partnership and Partnership Final Accounts
Chapter 2: Accounts of ‘Not for Profit’ Concerns
Chapter 3: Reconstitution of Partnership (Admission of Partner)
Chapter 4: Reconstitution of Partnership (Retirement of Partner)
Chapter 5: Reconstitution of Partnership (Death of Partner)
Chapter 6: Dissolution of Partnership Firm
Chapter 7: Bills of Exchange
Chapter 8: Company Accounts - Issue of Shares
Chapter 9: Analysis of Financial Statements
Chapter 10: Computer In Accounting

HSC MAHARASHTRA ACCOUNTS

ACCOUNTANCY PAPER PATTERN: View | PDF Download
PROFORMA OF TRADING ACCOUNT: View | PDF Download
PROFORMA OF PROFIT & LOSS ACCOUNT: View | PDF Download
PROFORMA OF BALANCE SHEET: View | PDF Download
FINAL ACCOUNT ADJUSTMENTS: View | PDF Download
SINGLE ENTRY: View : PDF Download
FINAL ACCOUNT: View | PDF Download
NPO : View | PDF Download
BILL OF EXCHANGE: View | PDF Download
FORMAT OF BILL: View | PDF Download
ADMISSION OF A PARTNER: View | PDF Download
RETIREMENT OF PARTNER: View | PDF Download
DEATH OF PARTNER: View | PDF Download
ACCOUNTING FOR SHARES : View | PDF Download
DISSOLUTION OF PARTNERSHIP FIRM : View | PDF Download
VALUATION OF GOODWILL WITH SOLUTION: View | PDF Download
FORMAT OF FINAL ACCOUNT : View | PDF Download
INTRODUCTION TO PARTNERSHIP: View | PDF Download
IMPORTANT PRACTICE PAPER FOR BOARD EXAM
ACCOUNTS SAMPLE PAPER ONE
ACCOUNTS SAMPLE PAPER TWO
ACCOUNTS SAMPLE PAPER THREE

OBJECTIVE QUESTIONS
ANSWER IN ONE SENTENCE EACH
SELECT THE MOST APPROPRIATE ALTERNATIVE
WRITE THE WORD/ TERM / PHRASE
STATE TRUE OR FALSE
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