HSC Accounts March 2020 Board Paper With Solution.
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| HSC Accounts March 2020 Board Paper With Solution. |
Book Keeping & Accountancy (50)
March 2020 Board Paper with Solution
Q.1. Attempt any Three of the Following sub-questions:
(A) Answer the following questions in only 'one' sentence each. (5)
(1) Answer:
The person who draws or makes the bill of exchange is called the drawer. He is the creditor. He will receive the money from the debtor.
(2) Answer:
Dissolution means termination of the existing relationship between the partners of a firm. It means that the business will come to an end and the firm will wind up its business.
(3) Answer:
A balance sheet is a statement showing the financial position of the firm at a particular date.
(4) Answer:
A statement which shows inflow and outflow of cash and cash equivalents from operating, investing and financing activities during a specific period.
(5) Answer:
Capital Receipts are those receipts which are non – recurring in nature and not forming a part of regular flow of income of a concern. E.g. specific donation received for construction of a building.
(B) Write a word / term / phrase as a substitute for each of the following statements: (5)
(1) Answer:
Dissolution Expenses / Realisation Expenses
(2) Answer:
Gross Profit Ratio
(3) Answer:
Legacies
(4) Answer:
Nominal partner.
(5) Answer:
Retirement of Bill of Exchange
(C) Select the most appropriate alternative from the choices given below and rewrite the statements:
(1) Answer:
Rs. 90,000
(2) Answer:
1881
(3) Answerr:
5:2
(4) Answer:
at discount
(5) Answer:
14th August, 2016
(D) State whether the following statements are True or False:
(1) Answer:
False
(2) Answer:
True
(3) Answer:
False
(4) Answer:
False
(5) Answer:
True
(E) Prepare a format of Bill of Exchange from the following information. (5)
Solution:
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| HSC Accounts March 2020 Board Paper With Solution. |
(C) Select the most appropriate alternative from the choices given below and rewrite the statements:
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
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| HSC Accounts March 2020 Board Paper With Solution. |
