List of top Questions asked in CBSE CLASS XII

Kewal Ltd. purchased sundry assets from Ganpati Ltd. for Rs.28,60,000. The amount was paid by issuing fully paid shares of Rs.100 each issued at a premium of 10%.
The number of shares issued to Ganpati Ltd. were:

Amount of interest to be charged on Hitesh’s drawings will be:

Opening capital of Keshav was:

On disSolution of a partnership firm, if realisation expenses are paid by the firm on behalf of a partner, then such expenses are debited to which of the following account:

Rohit, Udit and Mohit were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Mohit retired. The balance in his capital account after making the necessary adjustments on account of reserves and revaluation of assets and liabilities was Rs.1,80,000. Rohit and Udit agreed to pay him Rs.2,00,000 in full settlement of his claim. Mohit’s share of goodwill in the firm was:

Kriti, Hina and Nidhi were partners sharing profits in the ratio of 3 : 2 : 1. Nidhi retired. On the date of her retirement, Workmen Compensation Fund stood in the Balance Sheet at Rs.1,50,000. Workmen Compensation Claim was Rs.1,20,000. How much amount of Workmen Compensation Fund will be credited to Nidhi’s Capital Account?

Assertion (A): Securities Premium cannot be utilized for writing off loss on sale of a fixed asset.
Reason (R): Securities Premium can be applied only for the purposes mentioned in the Companies Act, 2013.
Choose the correct option from the following:

Dove Ltd. issued 8,000, 11% debentures of Rs.100 each at a premium of 5%. The total amount of interest on Debentures for one year will be:

Aarav Ltd. issued 10,000, 9% debentures of Rs.100 each at a premium of 5%, redeemable at a premium of 10%. Loss on issue of debentures account will be debited by:

Ruchika and Harshita were partners in a firm. Ruchika had withdrawn Rs.9,000 at the end of each quarter throughout the year. The interest to be charged on Ruchika’s drawings at 6% p.a. will be:

Ridhima and Kavita were partners sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were Rs.1,50,000 and Rs.2,00,000 respectively. The partnership deed provides for interest on capital @ 8% p.a. The net profit of the firm for the year ended 31^st March, 2023 amounted to Rs.21,000.
The amount of interest on capital credited to the capital accounts of Ridhima and Kavita will be:

Assertion (A): In partnership firm, the private assets of the partners can also be used to pay off the firm's debts.
Reason (R): The liability of the partners for acts of the firm is limited.
Choose the correct option from the following:

Raghav Ltd. forfeited 100 shares of Rs.10 each issued at a premium of 20% for non-payment of the first call of Rs.3 per share and final call of Rs.1 per share. The minimum price per share at which these shares can be reissued will be:

If all the forfeited shares are reissued, the balance, if any, left in the Forfeited Shares Account is transferred to:

A, B and C were partners in a firm sharing profits and losses in the ratio of \( \frac{1}{2} : \frac{1}{3} : \frac{1}{4} \). D was admitted in the firm for \( \frac{1}{6} \) share. C would retain his original share. The new profit sharing ratio will be:

A partnership firm has 45 partners. It wants to admit 7 more partners into partnership. Only ____ more partners can be admitted in the partnership firm according to Companies Act, 2013.

(34.3) Mention any two centres of the Indian National Movement.

(34.2) (b) Mention any one territory under the Mughal empire.

(34.2) (a) Mention the capital city of Vijayanagara empire.

(34.1) Mention any two Buddhist sites in India.

On the same outline map, two centres related to the Indian National Movement are marked as A and B. Identify them and write their correct names on the lines drawn near them.

(33.3) Explain any two tenets of Karma according to Buddha.

(33.2) Why did Buddha emphasize righteous action?