HSC ACCOUNTS MARCH 2017 BOARD PAPER


1. A. (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.

Q1. B.

(i) Bad debts

(ii) Drawee

(iii) Gross Profit ratio / Turnover ratio.

(iv) Dissolution of Partnership firm.

(v) Notary Public.

Q. 1. C.

(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.

Q. 1. D.

(i) True

(ii) False

(iii) True

(iv) False

(v) False.

Q. 1. F.





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


HSC MAHARASHTRA
ACCOUNTS
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
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
DEATH OF PARTNER: View | PDF Download
ACCOUNTING FOR SHARES : View | PDF Download

ACCOUNTS BOARD PAPERS
MARCH 2014 : View | PDF Download
OCTOBER 2014 View | PDF Download
MARCH 2015 View | PDF Download
JULY 2015 View | PDF Download
MARCH 2016 View | PDF Download
JULY 2016 View | PDF Download
JULY 2017 View | PDF Download
MARCH 2017 View | PDF Download
MARCH 2018 View | PDF Download
JULY 2018 View | PDF Download
MARCH 2019 View | PDF Download

ACCOUNTS BOARD PAPERS WITH SOLUTION
IMPORTANT PRACTICE PAPER FOR BOARD EXAM 2020


22 comments:

  1. Very good all answer r given properly very happy...

    ReplyDelete
  2. in Npo any if any receipts and expenses of one account given then we must less from receipts??

    ReplyDelete
    Replies
    1. You can either do that......or you can simply post it in their repective side...
      For eg. If drama expense and drama receipts are given .....you can put drama expense to the expenditure side and drama receipts to income side ....the anwer results same

      Delete
  3. As you have done in the above solution

    ReplyDelete
    Replies
    1. which account does bills payable has??? ex personal, real, nominal???

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    2. It doesn't come in any of the type of account......its as simple that Bill receivable are your assets and Bill payable is your liability

      Delete
  4. Is it compulsory to prepare current a/c in final a/c if not given in question??

    ReplyDelete
  5. Can we use calculator in board exams???

    ReplyDelete
    Replies
    1. Chutiya hai kya re tu

      Delete
    2. 😂😂😂😂

      Delete
    3. Kabhi board exam Diya nahi kya Bhai😆🤣

      Delete
  6. Is it necessary to prepare opening balance sheet in NPO

    ReplyDelete
  7. I really enjoy reading from omtex class. I had learned every subject from omtex. It is so easy to understand everything. Thank you very much.

    ReplyDelete
  8. Firniture wala nai samja balance sheet main

    ReplyDelete
  9. How many marks for only posting and adjustments in final accounts

    ReplyDelete
    Replies
    1. 13 marks out of 15
      2 marks for tallying the um

      Delete