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





34 comments:

Unknown said...

How closing stock became 70,000

Anonymous said...

same doubt

Unknown said...

Same doubt

Ankita Thakare said...

Market prices =84000=20%
Cost price = ???=100%
100×84000
------ = 70000
120

Rocky Bhai said...

100×84000/120
=70000

Unknown said...

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

Unknown said...

Sorry its 84000 ×100÷120=70000

Unknown said...

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

shreyas kalekar said...

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.

Unknown said...

YEAH RIGHT

Unknown said...

I didn't understood the machinery's Adjustment

Naina007 said...

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

Naina007 said...
This comment has been removed by the author.
Unknown said...

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

Jason Gomes said...

How is goodwill calculated in the sum of admission

Unknown said...

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

Unknown said...

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

Unknown said...

84000×100
______
120

Unknown said...

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

Unknown said...

How the goodwill is calculated ?

Unknown said...

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

Anonymous said...

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

Unknown said...

8%Debentureka effect kha hoga or kese calculated krege

Unknown said...

You guys did the best work for us jai omtex classes

Unknown said...

How is current account amount camed

Unknown said...

How machinery became 6000???

Unknown said...

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

Unknown said...

144000÷4=36000
2-24000
1-12000

Unknown said...

Joint ????

Harshad Kamble said...

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

Unknown said...

Closing stock price is 20% higher than the original cost so 84000x120
_____
100

Nobody said...

MCQ. 1ST ONE IS CRADIT

Unknown said...

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

Unknown said...

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

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