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HSC ACCOUNTS MARCH 2017 BOARD PAPER


1. A. (i) Statement of Profit or Loss is prepared under the Single Entry System to ascertain profit.
(ii) The debit balance of insolvent partner’s capital account which insolvent partner cannot pay is called capital deficiency.


(iii) Non - recurring expences are those capital expenses which are spent for acquisition of fixed asssets like purchase of land or furniture, in order to run the concern and it gives benefits for a lon period say more than 3 years.


(iv) Gain ratio is calculated at the time of retirement of a partner by deducting old ratio from new ratio.


(v) A bill of exchange is said to be retired if its acceptor makes payment of it before its due date, usually after deducting some discount or rebate.

Q1. B.

(i) Bad debts

(ii) Drawee

(iii) Gross Profit ratio / Turnover ratio.

(iv) Dissolution of Partnership firm.

(v) Notary Public.

Q. 1. C.

(i) Goodwill is an intangible asset.

(ii)  Debenture is an acknowledgement of debt under common seal of a company.

(iii) When closing capital is greater than opening capital it is denotes Profit.

(iv) Cash proceeds from the issue of debentures is a Financial activity.

(v) Payee is a person to whom the amount on a bill is payable.

Q. 1. D.

(i) True

(ii) False

(iii) True

(iv) False

(v) False.

Q. 1. F.





Solution : Single Entry


Solution : Admission of partner



Click for Retirement of partner solution



Bill of Exchange Solution Click Here

Dissolution problem Akbar and Birbal



Modern Chemicals Co. Ltd. Issue of Shares Solution



NPO Answer Click Here



Final Account Answer Click Here

Book-keeping and Accountancy 12th Standard 

HSC Maharashtra State Board. Latest Syllabus.

Chapter 1: Introduction to Partnership and Partnership Final Accounts

Chapter 2: Accounts of ‘Not for Profit’ Concerns

Chapter 3: Reconstitution of Partnership (Admission of Partner)

Chapter 4: Reconstitution of Partnership (Retirement of Partner)

Chapter 5: Reconstitution of Partnership (Death of Partner)

Chapter 6: Dissolution of Partnership Firm

Chapter 7: Bills of Exchange

Chapter 8: Company Accounts - Issue of Shares

Chapter 9: Analysis of Financial Statements

Chapter 10: Computer In Accounting

 

ACCOUNTS BOARD PAPERS

HSC Accounts March 2020 Board Paper With Solution

MARCH 2014 : View | PDF Download

OCTOBER 2014 View | PDF Download

MARCH 2015 View | PDF Download

JULY 2015 View | PDF Download

MARCH 2016 View | PDF Download

JULY 2016 View | PDF Download

JULY 2017 View | PDF Download

MARCH 2017 View | PDF Download

MARCH 2018 View | PDF Download

JULY 2018 View | PDF Download

MARCH 2019 View | PDF Download

MARCH 2020 View | PDF Download


HSC MAHARASHTRA
ACCOUNTS
PROFORMA OF TRADING ACCOUNT: View | PDF Download
PROFORMA OF PROFIT & LOSS ACCOUNT: View | PDF Download
PROFORMA OF BALANCE SHEET: View | PDF Download
FINAL ACCOUNT ADJUSTMENTS: View | PDF Download
FINAL ACCOUNT: View | PDF Download
NPO : View | PDF Download
BILL OF EXCHANGE: View | PDF Download
FORMAT OF BILL: View | PDF Download
DEATH OF PARTNER: View | PDF Download

ACCOUNTS BOARD PAPERS
MARCH 2014 : View | PDF Download
OCTOBER 2014 View | PDF Download
MARCH 2015 View | PDF Download
JULY 2015 View | PDF Download
MARCH 2016 View | PDF Download
JULY 2016 View | PDF Download
JULY 2017 View | PDF Download
MARCH 2017 View | PDF Download
MARCH 2018 View | PDF Download
JULY 2018 View | PDF Download
MARCH 2019 View | PDF Download

ACCOUNTS BOARD PAPERS WITH SOLUTION
IMPORTANT PRACTICE PAPER FOR BOARD EXAM 2020


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