Friday, March 24, 2017

HSC ACCOUNTS MARCH 2017 BOARD PAPER

HSC 12th Accounts Board Question Paper Solution and Syllabus
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.
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
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

ACCOUNTS BOARD PAPERS UP TO DATE SOLUTION

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
-
Labels:

26 comments:

  1. Unknown07 February, 2019 10:19

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

    ReplyDelete
  2. Unknown09 February, 2019 07:22

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

    ReplyDelete
    Replies
    1. Unknown20 February, 2019 01:24

      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
    2. Unknown18 January, 2020 11:41

      Thak you

      Delete
  3. Unknown09 February, 2019 07:23

    As you have done in the above solution

    ReplyDelete
    Replies
    1. Unknown11 February, 2019 17:27

      which account does bills payable has??? ex personal, real, nominal???

      Delete
    2. Unknown20 February, 2019 01:31

      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. Unknown13 February, 2019 22:14

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

    ReplyDelete
  5. Unknown21 February, 2019 21:33

    Can we use calculator in board exams???

    ReplyDelete
    Replies
    1. Unknown04 March, 2019 22:14

      Chutiya hai kya re tu

      Delete
    2. Unknown07 March, 2019 12:39

      😂😂😂😂

      Delete
    3. Unknown12 July, 2019 14:13

      Kabhi board exam Diya nahi kya Bhai😆🤣

      Delete
  6. Anonymous01 March, 2019 12:24

    Is it necessary to prepare opening balance sheet in NPO

    ReplyDelete
  7. Unknown05 March, 2019 11:50

    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. Unknown05 March, 2019 21:32

    Firniture wala nai samja balance sheet main

    ReplyDelete
  9. Unknown07 March, 2019 12:38

    How many marks for only posting and adjustments in final accounts

    ReplyDelete
    Replies
    1. Xyzzz09 September, 2019 00:35

      13 marks out of 15
      2 marks for tallying the um

      Delete
  10. Unknown10 September, 2019 12:35

    Wrong calculation given

    ReplyDelete
  11. onlineshoping@24hours.com17 September, 2019 17:51

    Video are not available

    ReplyDelete
  12. Unknown06 December, 2019 15:57

    If we will nt deduct.furniture amt from purchases will it be ok?

    ReplyDelete
  13. Unknown06 December, 2019 15:58

    Plzz answer

    ReplyDelete
  14. Anonymous28 February, 2020 15:57

    Mast

    ReplyDelete

Subscribe to: Post Comments (Atom)