HSC ACCOUNTS MARCH 2018 BOARD QUESTION PAPER

HSC ACCOUNTS MARCH 2018 BOARD QUESTION PAPER
Q 1. A. Answer:


1. Trial Balance is a list of all debit and credit balances of ledger accounts.

2. Entrance fees is the fees paid by the person who intends to become members of ‘not for profit concern’.

3. Qualified acceptance is a type of acceptance in which drawee makes changes in the conditions mentioned in the bill.

4. Gain ratio is required to be calculated in case of retirement of partner, when goodwill is raised equal to share of retiring partner and written off.

5.
B. Answers:

(1) Unrecorded assets

(2) Capital

(3) Endorsee

(4) Gain ratio

(5) Single Entry System


(C) Answers:

(1) Debited

(2) 25th January, 2017

(3) Statement of Affairs.

(4) Realization Account.

(5) Purchases.


(D) Answers.

(1) False.

(2) True

(3) True

(4) True

(5) True




Q. 2. Single Entry Solution: For Solution Click Here





38 comments:

  1. How closing stock became 70,000

    ReplyDelete
  2. Replies
    1. Closing stock price is 20% higher than the original cost so 84000x120
      _____
      100

      Delete
  3. Market price of ₹.84000 (20%) depricate
    100+20=120
    84000×100÷12 = 70000 (closing stock)

    ReplyDelete
  4. How we got the amount of depreciation of machinery And what should we do of the second adjustment machinery??

    ReplyDelete
    Replies
    1. Machinery is given 90000.But in adjustment it is given that machinery includes purchase of machinery for Rs.40000 on 1st January,2016.
      So,in the asset side you have to show,
      Machinery=50000
      (+) Purchase =40000
      Therefore, 50000*10/100 + 40000*3/12*10/100.

      Delete
  5. I didn't understood the machinery's Adjustment

    ReplyDelete
    Replies
    1. Machinery adjustment mein kya diya hai Machinery include purachase of machinery for ₹40000 on 1st jan 2016.. jo new machinery purchase kiye the 1st jan ko woh machinery me include hua hai toh phir old machinery 50000 pe pure saal ka nikalenge aur new machinery 40000 pe 3 mahine ka nikalenge 1st jan 2016 ke hisaab se

      Delete
  6. I didn't understood the salaries adjustment . How 3600 came?

    ReplyDelete
    Replies
    1. 18000 10 month ka hai toh 2 mahina o/s hai 18000 ko 10 se divide karke ek mahine ka nikalke fir usko 2 mahine ka
      kardenge aaajayega 3600 o/s

      Delete
    2. Thank you ..for this adjustment... Its really helpful for us

      Delete
  7. This comment has been removed by the author.

    ReplyDelete
  8. Sir 5 adj. me machinery 40000 purchase se less hogi and asset me machinery add hogi ??

    ReplyDelete
    Replies
    1. Nhi.....5th adjustment mein kya diya machinery includes purchase of machinery for ₹40000 on 1jan 2016 .....machinery jo prchase kiye the 1stjan ko woh include ho chuki hai toh old machinery 50000 pe pure year ka depriciate karenge aur jo new machinery hai 40000 ki uspe 3 month ka depriciate karna hai

      Delete
  9. How is goodwill calculated in the sum of admission

    ReplyDelete
    Replies
    1. 144000/- Is a goodwill of total firm. The new partner is admitted for 1/4th share...so
      144000/4
      =36000
      36000/3 (Old partners ratio)
      =12000/-
      Thus, 12000×2= meena
      12000/- heena

      Delete
  10. How the goodwill is calculated ?

    ReplyDelete
  11. What will be the 1st and 2nd effect in machinery aaj

    ReplyDelete
  12. 8%Debentureka effect kha hoga or kese calculated krege

    ReplyDelete
    Replies
    1. Second wala effect P and L A/c Main hoga
      Aur usse calculate main hame 8 % dentures main add karne hoge

      Delete
  13. You guys did the best work for us jai omtex classes

    ReplyDelete
  14. How is current account amount camed

    ReplyDelete
  15. How machinery became 6000???

    ReplyDelete
  16. 144000÷4=36000
    2-24000
    1-12000

    ReplyDelete
  17. how come machinery deprication came 6000 it must 9000 and how to do 5 adjustment

    ReplyDelete
  18. closing stock is 84000 as given , if 35% given what answer would be?

    ReplyDelete
  19. I am not understanding last adjustment

    ReplyDelete
  20. Agar telly nhi krenge toh kitna marks cut hoga ???

    ReplyDelete