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 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









128 comments:

Param Kasliwal said...

this is incomplete

Anonymous said...

where are answers to other questions?

Unknown said...

Where are the other answer?

Unknown said...

Sir please provide further solutions

Unknown said...

Sir please continue solution

AMIN BUHARI said...

Solutions are updated every 30 min.

AMIN BUHARI said...

Solutions are updated every 30 min.

AMIN BUHARI said...

Solutions are updated every 30 min.

AMIN BUHARI said...

Solutions are updated every 30 min.

AMIN BUHARI said...

Solutions are updated every 30 min.

Anonymous said...

oky sir thankyou

Avinash Suthar said...

please give full solution of accounts todays paper

Anonymous said...

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

Unknown said...

How much time it will take to give whole paper solution

Unknown said...

Please provide further solutions

Unknown said...

Please upload full paper solution

Anonymous said...

Solution plzz...

Unknown said...

1 marks

Unknown said...

Answer of dissolution

Avinash Suthar said...

maths paper solution also required

Unknown said...

plzz provide mathematics solution(com.)

Anonymous said...

How much marks are deducted for not tallying the sum?

Unknown said...

All solutions are not given plzz provide full solutions

AMIN BUHARI said...

Bill of exchange solution updated.

AMIN BUHARI said...

Bill of exchange solution updated.

AMIN BUHARI said...

Bill of exchange solution updated.

AMIN BUHARI said...

Bill of exchange solution updated.

AMIN BUHARI said...

Bill of exchange solution updated.

Unknown said...

लवकर पाठवा सगळी उत्तर

Unknown said...

Yaiiiiiiii bill of exchange is correct 😎😎😎

Unknown said...

Oooooo

Shy said...

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

Shy said...

Maths solution is also required

Unknown said...

Plzz upload bills of exchange ans sir

Unknown said...

Plzz upload all solutions

Unknown said...

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

Shy said...

Final account ka mera bhi yahi aa rha tha

Shy said...

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

Unknown said...

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

Shy said...

Sir plz update the remaining solution too

Unknown said...

How much time will it take to give whole solution

manas sawant said...

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

Unknown said...

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

Unknown said...

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

Anonymous said...

Final account 1225600 is correct

Unknown said...

Dissolution Me 6 entry barabr ho to kitna marks milega

Param Kasliwal said...

npo tally nahi hua hai yaar,please upload solutions quicker

Param Kasliwal said...

yes,but what of npo?

Anonymous said...

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

Unknown said...

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

Anonymous said...

Pls upload maths paper solutions also

Unknown said...

Please send the solution for npo and final account

YASH H MAHURKAR said...

MY NPO GOT TALLIED BY 1447100

Anonymous said...

Please send the solution for final account

Ridhi said...

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

Unknown said...

Can i get soljsolu for retirement

Unknown said...

SoluSolut

Unknown said...

I got 1232440 tally amount of final accoacco

manas sawant said...

Same doubt ....plzzz answer

Unknowm said...

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

AMIN BUHARI said...

For Entries 8 Marks and for ledger 2 Marks.

AMIN BUHARI said...

Uploaded.

AMIN BUHARI said...

Both are correct and accepted.

AMIN BUHARI said...

Solutions are updated please check again.

AMIN BUHARI said...

3 Marks

AMIN BUHARI said...

Solution Updated Please check the same

AMIN BUHARI said...

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

AMIN BUHARI said...

Wait.

Unknown said...

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

Unknown said...

Sir Q5 Q6 or Q7 solutions please

Unknown said...

Final account solution

Unknown said...

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

Unknown said...

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

Unknown said...

final a/c solution??

Param Kasliwal said...

k

Unknown said...

Specimen of boe have payee tooo!!!

Unknown said...

Where is share ac plz update fast

Unknown said...

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

Unknown said...

FINAL a/c ans. Plzzz

Unknown said...

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

Unknown said...

Give final account solutions

Unknown said...

The right tally amount is ₹1225600

Anonymous said...

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.

Unknown said...

Final Account Solution please.

Anonymous said...

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

Sahil said...

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

Anonymous said...

Give the solution of shares question

Unknown said...

Sir please upload final account solution

Unknowm said...

Final account solution please

Anonymous said...

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

Unknown said...

Final account's answer please

Unknown said...

Sir Q7 baki hai

Anonymous said...

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

Unknown said...

Shares ka answer please dalona

Unknown said...

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

Unknown said...

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

Shivanand kotgire said...

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

Unknown said...

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

Unknown said...

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

Unknown said...

🔥🔥🔥✔️✔️✔️✔️1447100

Unknown said...

Sir maths paper ka solution bhi upload kro na plz

Unknown said...

Yess and i write debenture certificate

Unknown said...

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

Unknown said...

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

Unknown said...

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

Unknown said...

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

Unknown said...

Building fund*

Unknown said...

Where is final a/c solution

Unknown said...

You will get full if u have attempted !

Bhushan vangani said...

Where is questions number 7

Anonymous said...

Yes right

Unknown said...

Final a/c solution

Unknown said...

Final a/c solution plz sir

Unknown said...

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.

Unknown said...

Please final a/c solution....

Unknowm said...

Final account solution

Unknown said...

Please upload Final account solution

Deep gattani said...

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

Unknown said...

Final account solution please

Unknown said...

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

Unknown said...

Pls tell me balance sheet total for final accounts

Unknown said...

Retirement solution??

Unknown said...

Where is Q7

Unknown said...

1225600

Unknown said...

final accounts solution

Unknown said...

Please share final accounts solution

Unknown said...

There is no final accounts solution ???

Unknown said...

This is incomplete
What about the Q. 4 E ?

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