List of top Questions asked in CBSE CLASS XII

The partnership deed should be prepared as per the provisions of which of the following Acts ?

Paratigm Ltd. issued 40,000, 11% debentures of \(₹100\) each at a discount of 5%, redeemable at a premium. On issue of these debentures ‘Loss on Issue of Debentures Account’ was debited with \(₹4,00,000\). The amount of premium on redemption of debentures was :

Manoj, Dilip and Rajinder were partners in a firm sharing profits and losses in the ratio of 7 : 3 : 5. Their fixed capitals were \(₹10,00,000\), \(₹8,00,000\) and \(₹6,00,000\), respectively. The partnership deed provided for interest on partners’ drawings @ 12% p.a. Which of the following accounts will be debited for charging interest on partners’ drawings ?

Sudha, a partner withdrew \(₹12,000\) on 31stOctober, 2023 for her personal use. Interest on drawings is charged @ 6% p.a. The interest on Sudha’s drawings for the year ended 31stMarch, 2024 will be :

Jeeta Ltd. forfeited 300 shares of \(₹100\) each for the non-payment of final call of \(₹10\) per share. The amount credited to share forfeiture account will be :

John and Harry were partners in a firm sharing profits and losses in the ratio of 2 : 1. On 1stApril, 2023, they admitted Dinesh as a new partner for \(\frac{1}{4}\) share in the profits of the firm with a guarantee that his share in the profits shall be at least \(₹1,00,000\). The net profit of the firm for the year ended 31stMarch, 2024 was \(₹2,80,000\). John’s share in the profits of the firm after giving the guaranteed amount of profit to Dinesh will be :

The debentures that can be transferred by way of delivery and the company does not keep any record of the debenture holders are called :

Sun and Moon were partners in a firm sharing profits and losses equally. Their fixed capitals were \(₹5,00,000\) each. After the accounts for the year ended 31stMarch, 2024 were prepared, it was discovered that interest on capital @ 10% p.a. was not credited to the partners’ current accounts as provided in the partnership deed.
The rectifying adjustment entry for the same will be :

Particulars	Debit Amount (₹)	Credit Amount (₹)
(A) No Entry
(B) Sun’s Current A/c Dr.      To Moon’s Current A/c	50,000	50,000
(C) Moon’s Current A/c Dr.      To Sun’s Current A/c	50,000	50,000
(D) Sun’s Current A/c Dr. Moon’s Current A/c Dr.      To Profit and Loss Appropriation A/c	50,000 50,000	1,00,000

Meeta Ltd. invited applications for issuing 30,000 equity shares of \(₹10\) each. Applications for 29,500 shares were received. Allotment was made in full. A shareholder holding 100 shares failed to pay the first call of \(₹2\) per share. His shares were forfeited. The second call of \(₹3\) per share was not yet made. The amount debited to share capital account, on the forfeiture of shares will be :

On dissolution of a firm, there was an unrecorded asset of \(₹15,000\) which was taken over by a partner at \(₹13,000\). Partner’s capital account will be debited by :

Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3 : 3 : 2. On 1stApril, 2024 they admitted Reena as a new partner for \( \frac{1}{5} \) share in the profits of the firm. Reena acquired her share from Rani and Maharani in the ratio of 3 : 2. The new profit sharing ratio between Rani, Maharani, Laxmi and Reena will be :

Ravita, Savita, Kavita and Babita were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2 : 2. On 1stApril, 2024 Savita retired and her share was acquired equally by the remaining partners. The new profit sharing ratio between Ravita, Kavita and Babita will be :

There are two statements Assertion (A) and Reason (R) :
Assertion (A) : The partners’ fixed capital accounts always show a credit balance, which shall remain the same (fixed) year after year unless there is any addition or withdrawal of capital.
Reason (R) : When capitals are fixed, then various items like share of profit or loss, interest on capital, drawings, interest on drawings, etc. are recorded in partners’ capital accounts.
Choose the correct option from the following :

What was the dilemma faced by Sadao on seeing the prisoner of war? (The Enemy)

How does Charley describe himself? (The Third Level)

You read the advertisement and wish to apply for the post of Junior Accountant. Write this job application along with your bio-data.

Write a letter to the editor of a local daily expressing your concern about the cutting down of trees in your city to make space for huge commercial complexes. Discuss the environmental impact and suggest ways to raise awareness about green environment.

Write a report detailing the activities undertaken by students as part of the Road Safety Awareness Campaign. Include event description, participation details, and overall impact.

Write an article exploring the phenomenon of lost playgrounds in metro cities. Provide examples to illustrate your points. You are Sangeeta/Saket, a concerned citizen.

What did the dewan do to procure the hundredth tiger for the king? (The Tiger King)

What shows that Charley was clumsy and absent-minded? (The Third Level)

Draft a formal invitation letter in not more than 50 words from Dr. Singh, Director of the Clean Water Initiative, for a panel discussion on ‘Access to Safe Drinking Water’, inviting Dr. Rajesh Gupta to be one of the panelists. Mention a compelling highlight of the panel discussion along with other necessary details.

An invitation has been issued by Dr. Jacob, HR head of your company inviting you to chair a session on ‘Digital Detox’. Draft a reply in not more than 50 words accepting the invitation.

Why didn't the General send Sadao to the front? (The Enemy)