HSC 12TH STANDARD ACCOUNTS MARCH 2019 BOARD PAPER SOLUTION.

HSC 12TH STANDARD ACCOUNTS MARCH 2019 BOARD PAPER SOLUTION.


Q. 1. Attempt any Three of the following sub – questions.
(A) Answer the following questions in only ‘one’ sentence each. (5)
(1) What is Balance Sheet?

Ans. A balance sheet is a statement showing financial position of the firm at a particular date.
(2) What is gain ratio or benefit ratio?

Ans. Ratio by which remaining partners are benefited on retirement of any partner is known as Gain ratio or benefit ratio.

(3) What is authorised capital?

Ans. The authorised capital of a company is the maximum amount of share capital for which shares can be issued by a company. The initial authorised capital of the Company is mentioned in the Memorandum of Association of the Company and is usually Rs. 1 lakh.
(4) Who is a drawer?

Ans. A person who draws the bill is known as drawer.
(5) What is Statement of Affairs?

Ans. Ans. A statement which is prepared under the single entry system on the basis of estimated balances of various assets and liabilities is called ‘Statement of Affairs’.


(B) Write a word / term / phrase as a substitute for each of the following statements: (5)
(1) An association of two or more persons to carry on business.

Ans. Partnership

(2) Payment of the bill before due date.

Ans. Retirement of the bill.
(3) The acknowledgement of debt under common seal of company.

Ans. Debenture.
(4) A bill which is drawn in India and payable in other country.

Ans. Foreign bill.
(5) Critical evaluation of financial statement to measure profitability.

Ans. ‘Analysis’ of financial statement
(C) Select the most appropriate alternative from those given below and rewrite the statements. (5)
(1) The interest on drawings is transferred to _________ side of the Profit and Loss Account.
(a) debit
(b) credit
(c) assets
(d) liability
(2) If any asset is taken over by a partner from the firm, __________ account will be debited.
(a) capital
(b) revaluation
(c)assets
(d) profit and loss adjustment.
(3) If goodwill is raised to the extent of retiring partner’s share, ________ account is to be debited.
(a) cash
(b) Goodwill
(c) all partners’ capital
(d) retiring partner’s capital
(4) _________ extra days are allowed over and above the period of the bill.
(a) Two
(b) Three
(c) Five
(d) Ten
(5) In the statement of Profit or Loss, interest on capital is ___________
(a) shown as addition
(b) shown as subtraction.
(c) ignored
(d) multiplied
(D) State whether the following statements are True or False: (5)
(1) ‘Not for Profit’ concerns concentrate their efforts on maximizing their profit.  False
(2) On dissolution of a firm, Cash or Bank account is closed automatically. True
(3) A bill can’t be deposited into a bank for collection. False
(4) A person to whom or as per his order, amount of bill is payable is a payee. True
(5) Analysis of financial statement is a tool but not a remedy. True

(E) FORMAT OF Bill of Exchange Solution: (5)
















124 comments:

  1. Replies
    1. Solutions are updated every 30 min.

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    2. How much time it will take to give whole paper solution

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    3. Sir dissolution NPO or final account ka tally amount sir final account ka tally amount 12,25,600 haina

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    4. Final account ka mera bhi yahi aa rha tha

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    5. Don't know about dissolution's and npo's

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    6. npo tally nahi hua hai yaar,please upload solutions quicker

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    7. Hmmm final a/c ka tally 1225600 hai
      Npo ka 1447100

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    8. Yes right

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    9. Please upload Final account solution

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  2. where are answers to other questions?

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    Replies
    1. Solutions are updated every 30 min.

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    2. oky sir thankyou

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    3. Sir my bill of exchange problem has only 1 mistake that mistake is while preparing account of Sunil l written the balance b/d 42000 instead of 50000.Can you describe me how many marks will be reduced for this..I hope you will answer this question,Tha Th you.

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  3. Where are the other answer?

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  4. Sir please provide further solutions

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  5. Sir please continue solution

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  6. please give full solution of accounts todays paper

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  7. How much marks are deducted for not totaling the journal in shares

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  8. Please provide further solutions

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  9. Please upload full paper solution

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    Replies
    1. Bill of exchange solution updated.

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    2. Sir how many marks are deducted for wrong totalling of shares problem?

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  10. Solution plzz...

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  11. maths paper solution also required

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  12. plzz provide mathematics solution(com.)

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  13. How much marks are deducted for not tallying the sum?

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  14. All solutions are not given plzz provide full solutions

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    Replies
    1. Bill of exchange solution updated.

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    2. Sir plz update the remaining solution too

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  15. लवकर पाठवा सगळी उत्तर

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  16. Yaiiiiiiii bill of exchange is correct 😎😎😎

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  17. how many marks was there on entries and making of ledger For bills of exchange

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    Replies
    1. For Entries 8 Marks and for ledger 2 Marks.

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  18. Maths solution is also required

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  19. Plzz upload bills of exchange ans sir

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  20. Sir is it right if we had written "Accepted"word like this inspite of writing like this "ACCEPTED"

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  21. How much time will it take to give whole solution

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    Replies
    1. Solutions are updated please check again.

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  22. Sir can you please tell how many Marks are distributed among journal and ledger of Bill of exchange according to the marking scheme ????

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  23. Sir,please upload the marking system of NPO and Single Entry System.

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  24. What if the opening and closing capital balance in Single Entry system is incorrect and the other postings are correctly done

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  25. Final account 1225600 is correct

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  26. Dissolution Me 6 entry barabr ho to kitna marks milega

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  27. Final accounts mai gross profit tk correct hai...bs 1 adjustment galt hui h...toh kitne marks cut honge...

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  28. Send issue of shares,npo,final alc also,Q1.E solution also

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  29. Pls upload maths paper solutions also

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  30. Please send the solution for npo and final account

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  31. Please send the solution for final account

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  32. Sir in npo if we write interest on investment of bldg fund in income it will be okk

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    Replies
    1. Same doubt ....plzzz answer

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    2. No it will not work it must b added to building fund...

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    3. No because the main object of building fund investment is to earn income which will increase the amount of building fund

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  33. Can i get soljsolu for retirement

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  34. I got 1232440 tally amount of final accoacco

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  35. Shit dude NPO mai 18000 liability mai add karne ke bajaye income mai likh diya.. fir bhi tally hogya

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    Replies
    1. Yes the Problem will tally. But for your mistake one mark will be reduced.

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  36. Plz provide the answers of companies account too i.e Q. No. 5

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  37. Sir Q5 Q6 or Q7 solutions please

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  38. How many marks are deducted if one entry in bill of exchange is wrong

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  39. Sir aapne bill of exchange ka format wrong banaya hai Q1.E kyuki aapne payee ka name nhi daala hai aapne aisa likha hai pay to me or my order

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  40. Specimen of boe have payee tooo!!!

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  41. Where is share ac plz update fast

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  42. Yup ... I agree ke aapne Q.1E ka ans. Wrong likha h kyunki aapne payee ka naam nhi dala h

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  43. Give final account solutions

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  44. Your npo answer is wrong even though the tally amount is correct. And the stock of sports material is 48000 only. There is no need of changing it.

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  45. Final Account Solution please.

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  46. how many marks will i score if i get 4 journal entries right in bills of exchange?

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  47. Sir i did only the subscription entry wrong how much marks will i get other adjustment i had done correctly

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  48. Give the solution of shares question

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  49. Sir please upload final account solution

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  50. Final account solution please

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  51. Can interest on building fund investment be considered as revenue income ??

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  52. Final account's answer please

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  53. sir my bad debts entry is wrong and balance sheet is not tallied in final accounts how much marks will be deducted

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  54. Shares ka answer please dalona

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  55. When will you post final A/c's answer?

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  56. Ans in O word me 'foreign bill of exchange' aisa chalta kya

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  57. Shivanand kotgire07 March, 2019 21:15

    Sir answer in one word or phrase me 3rd ka 'debentures of company' to chalta kya

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    Replies
    1. Yess and i write debenture certificate

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  58. Sir in admission how many marks will cut if I had directly transfers the remaining balance of Harsha and Varsha to their loans account without doing capital adjustment but my and has tallied

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    Replies
    1. You will get full if u have attempted !

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  59. Sir maths paper ka solution bhi upload kro na plz

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  60. Sir in 5th one word i write comparative financial statement
    Toh 1 marks pure kat jaayenge

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  61. Sir in 5th one word i write comparative financial statement
    Toh 1 marks pure kat jaayenge

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  62. Give answer for shares and also what was to be done for the interest on investment of builfibu fund?

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  63. Where is final a/c solution

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  64. Final a/c solution plz sir

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  65. Please final a/c solution....

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  66. Final account solution please

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  67. Issue of share ka solution please and Q. No. 7

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  68. Pls tell me balance sheet total for final accounts

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