Accounting | Question Paper 2081-2024 of Class 12 | NEB

Group 'A'

Rewrite the correct option of each questions in your answer sheet.

Very short answer questions 11x1=11

1. What is statutory company ?

2. State any two types of preference share.

3. List any two items of fixed assets.

4. Write any two limitations of financial accounting.

5. Mention the meaning of fixed overhead.

6. What do you mean of centralized store.

7. State any two advantages of time rate system of wages payment.

8. Write about MS-Excel.

9. Prepare the adjustment entry of pre-paid rent expired of Rs. 5,000.

10. Calculate the amount of cash from financing activities from the following information.

11. If number of order is 6 times and Economic order quantity is 3,000 kg. Find out annual requirement.

Group - 'B'

Short answer questions 8X5=40

12. A company issued 5,000 shares of Rs.100 each at a discount of 10%.

On application Rs. 30 per share
On allotment Rs. 40 per share
On first and final call Rs. 20 per share

Applications were received for 7,000 shares and allotment were made as under:

2,000 applicants 2,000 share
4,000applicants 3,000share
1,000applicants Nil

It is resolved that the excess amount paid on applications is to be adjusted against amount due on allotment. All money were duly received except a shareholder holding 300 shares, failed to pay calls money.

Required: 1.5+2+1.5

Entries for Application, Allotment and First and Final call.

13. I. A company purchased the following assets at an agreed price of Rs. 5,50,000.

Plant Rs.2,60,000
Building Rs.3,65,000

The company paid the agreed price by issuing shares of Rs. 100 each at 10%premium.

Required: 1+1

Entries for purchase of assets and issue of share.

II. A company Ltd. issued 4,000 debentures of Rs. 100 each at par. These debentures were redeemed after 5 years at 10% premium.

Required: 3

Entries for issue and redemption of debentures.

14. The following financial transactions of a company is given below :

...

Accounting Question Paper 2081-2024 of Class 12 NEB.

View and Download Accounting Question Paper 2081-2024 of Class 12 NEB, Code-1041'C' - Images.

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