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
this is incomplete
ReplyDeleteSolutions are updated every 30 min.
DeleteHow much time it will take to give whole paper solution
DeleteOooooo
DeleteSir dissolution NPO or final account ka tally amount sir final account ka tally amount 12,25,600 haina
DeleteFinal account ka mera bhi yahi aa rha tha
DeleteDon't know about dissolution's and npo's
Deletenpo tally nahi hua hai yaar,please upload solutions quicker
DeleteHmmm final a/c ka tally 1225600 hai
DeleteNpo ka 1447100
Yes right
DeletePlease upload Final account solution
DeletePlease share final accounts solution
Deletewhere are answers to other questions?
ReplyDeleteSolutions are updated every 30 min.
Deleteoky sir thankyou
DeleteWhere is questions number 7
DeleteSir 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.
DeleteWhere are the other answer?
ReplyDeleteSolutions are updated every 30 min.
DeleteThere is recent update and the sum is wrong
DeleteSir please provide further solutions
ReplyDeleteSolutions are updated every 30 min.
DeleteSir please continue solution
ReplyDeleteSolutions are updated every 30 min.
Deleteplease give full solution of accounts todays paper
ReplyDeleteHow much marks are deducted for not totaling the journal in shares
ReplyDelete1 marks
DeletePlease provide further solutions
ReplyDeleteBill of exchange solution updated.
DeletePlease upload full paper solution
ReplyDeleteBill of exchange solution updated.
DeleteSir how many marks are deducted for wrong totalling of shares problem?
DeleteSolution plzz...
ReplyDeleteAnswer of dissolution
ReplyDeleteBill of exchange solution updated.
Deletemaths paper solution also required
ReplyDeleteBill of exchange solution updated.
Deleteplzz provide mathematics solution(com.)
ReplyDeleteHow much marks are deducted for not tallying the sum?
ReplyDeleteAll solutions are not given plzz provide full solutions
ReplyDeleteBill of exchange solution updated.
DeleteSir plz update the remaining solution too
Deleteलवकर पाठवा सगळी उत्तर
ReplyDeleteYaiiiiiiii bill of exchange is correct 😎😎😎
ReplyDeletehow many marks was there on entries and making of ledger For bills of exchange
ReplyDeleteFor Entries 8 Marks and for ledger 2 Marks.
DeleteMaths solution is also required
ReplyDeletePlzz upload bills of exchange ans sir
ReplyDeleteUploaded.
DeletePlzz upload all solutions
ReplyDeleteSir is it right if we had written "Accepted"word like this inspite of writing like this "ACCEPTED"
ReplyDeleteBoth are correct and accepted.
DeleteHow much time will it take to give whole solution
ReplyDeleteSolutions are updated please check again.
DeleteSir can you please tell how many Marks are distributed among journal and ledger of Bill of exchange according to the marking scheme ????
ReplyDeleteSir,please upload the marking system of NPO and Single Entry System.
ReplyDeleteWhat if the opening and closing capital balance in Single Entry system is incorrect and the other postings are correctly done
ReplyDeleteFinal account 1225600 is correct
ReplyDeleteyes,but what of npo?
DeleteMY NPO GOT TALLIED BY 1447100
Deletek
Delete🔥🔥🔥✔️✔️✔️✔️1447100
DeleteDissolution Me 6 entry barabr ho to kitna marks milega
ReplyDelete3 Marks
DeleteFinal accounts mai gross profit tk correct hai...bs 1 adjustment galt hui h...toh kitne marks cut honge...
ReplyDeleteSend issue of shares,npo,final alc also,Q1.E solution also
ReplyDeleteSolution Updated Please check the same
DeletePls upload maths paper solutions also
ReplyDeletePlease send the solution for npo and final account
ReplyDeletePlease send the solution for final account
ReplyDeleteWait.
DeleteSir in npo if we write interest on investment of bldg fund in income it will be okk
ReplyDeleteSame doubt ....plzzz answer
DeleteNo it will not work it must b added to building fund...
DeleteNo because the main object of building fund investment is to earn income which will increase the amount of building fund
DeleteCan i get soljsolu for retirement
ReplyDeleteSoluSolut
ReplyDeleteI got 1232440 tally amount of final accoacco
ReplyDeleteThe right tally amount is ₹1225600
DeleteShit dude NPO mai 18000 liability mai add karne ke bajaye income mai likh diya.. fir bhi tally hogya
ReplyDeleteYes the Problem will tally. But for your mistake one mark will be reduced.
DeletePlz provide the answers of companies account too i.e Q. No. 5
ReplyDeleteSir Q5 Q6 or Q7 solutions please
ReplyDeleteFinal account solution
ReplyDeleteHow many marks are deducted if one entry in bill of exchange is wrong
ReplyDeleteSir 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
ReplyDeletefinal a/c solution??
ReplyDeleteSpecimen of boe have payee tooo!!!
ReplyDeleteWhere is share ac plz update fast
ReplyDeleteYup ... I agree ke aapne Q.1E ka ans. Wrong likha h kyunki aapne payee ka naam nhi dala h
ReplyDeleteFINAL a/c ans. Plzzz
ReplyDeleteGive final account solutions
ReplyDeleteYour 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.
ReplyDeleteFinal Account Solution please.
ReplyDeletehow many marks will i score if i get 4 journal entries right in bills of exchange?
ReplyDeleteSir i did only the subscription entry wrong how much marks will i get other adjustment i had done correctly
ReplyDeleteGive the solution of shares question
ReplyDeleteSir please upload final account solution
ReplyDeleteFinal account solution please
ReplyDeleteCan interest on building fund investment be considered as revenue income ??
ReplyDeleteFinal account's answer please
ReplyDeleteSir Q7 baki hai
ReplyDeletesir my bad debts entry is wrong and balance sheet is not tallied in final accounts how much marks will be deducted
ReplyDeleteShares ka answer please dalona
ReplyDeleteWhen will you post final A/c's answer?
ReplyDeleteAns in O word me 'foreign bill of exchange' aisa chalta kya
ReplyDeleteSir answer in one word or phrase me 3rd ka 'debentures of company' to chalta kya
ReplyDeleteYess and i write debenture certificate
DeleteSir 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
ReplyDeleteYou will get full if u have attempted !
DeleteSir maths paper ka solution bhi upload kro na plz
ReplyDeleteSir in 5th one word i write comparative financial statement
ReplyDeleteToh 1 marks pure kat jaayenge
Sir in 5th one word i write comparative financial statement
ReplyDeleteToh 1 marks pure kat jaayenge
Give answer for shares and also what was to be done for the interest on investment of builfibu fund?
ReplyDeleteBuilding fund*
DeleteWhere is final a/c solution
ReplyDeleteFinal a/c solution
ReplyDeleteFinal a/c solution plz sir
ReplyDeletePlease final a/c solution....
ReplyDeleteFinal account solution
ReplyDeleteFinal account solution please
ReplyDeleteIssue of share ka solution please and Q. No. 7
ReplyDeletePls tell me balance sheet total for final accounts
ReplyDelete1225600
DeleteRetirement solution??
ReplyDeleteWhere is Q7
ReplyDeletefinal accounts solution
ReplyDeleteThere is no final accounts solution ???
ReplyDeleteThis is incomplete
ReplyDeleteWhat about the Q. 4 E ?
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I would rather like an only have solution of final accounts of this year rather than solution video.
ReplyDeletePlease give retirement solution
ReplyDeleteSir retirement 2019 march paper solutions do na plzzz
ReplyDeleteSir npo ki marks cutting kaise hoti hain plz tell me ....like surpls wrong hua to kitne mrks deducted hote hain total glt hui to kitne tally nhi hua to kitne etc etc...
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