List of top Questions asked in PSEB XII

Match the following:
\begin{tabbing} \hspace{7cm} \= \hspace{1cm} \= \hspace{2cm} \= \hspace{2cm} \kill Iron Industry \> (i) \> Psychology \>
Study of behaviour \> (ii) \> Siderosis \>
Interval training method \> (iii) \> Incomplete Rest \>
\end{tabbing}

Adolescence period ranges between 13 to 18 years of age.
True/False

Sprain is an injury of:

Write any four advantages of preparing charts.

Prepare Cash Account in Tally from the following transactions:

Write the code name (Sequential, Mnemonic, Block) of the following: (a) Code Name of Accounts

Complete the table by writing formulas in Row 6 and Column E.

Calculate depreciation using the following data:

Complete the following table:

Ambuja Ltd. issued for public subscription 2,00,000 equity shares of ₹20 each at a premium of ₹10 per share payable as under:
On Application ₹10
On Allotment ₹14 (including premium ₹10)
On First & Final Call ₹6
Applications were received for 3,00,000 shares. Allotment was made on pro-rata basis and excess application money was adjusted towards allotment. Pooja, who applied for 3,600 shares, failed to pay allotment and call money and her shares were forfeited. Two-third of the forfeited shares were re-issued to Sandeep as fully paid-up at ₹16 per share. Pass the necessary journal entries.

From the following information, prepare a Comparative Income Statement of Arun Ltd. for the year ended 31st March, 2024.

Calculate Cash Flow from Investing Activities from the following particulars:

Additional Information:
Depreciation charged during the year ₹1,70,000.
Plant & Machinery having written down value of ₹2,20,000 was sold for ₹2,50,000.

ABC Ltd. invited applications for issuing 30,000, 10% debentures of ₹100 each at a premium of ₹50 per debenture. The full amount was payable on application. Applications were received for 50,000 debentures. Applications for 10,000 debentures were rejected and the pro-rata application money was refunded. Debentures were allotted to the remaining applicants on pro-rata basis. Pass the necessary journal entries in the books of ABC Ltd.

Ritu Ltd. forfeited 2,000 shares of ₹20 each issued at 10% premium to Neeru (₹18 called up) on which he did not pay ₹6 of allotment (including premium) and first call of ₹4. Out of these, 1,200 shares were re-issued to Goldy as fully paid up for ₹16 per share. Give journal entries for forfeiture and re-issue of shares.

Star and Moon were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024 the Balance Sheet of the firm was as follows:

They admitted Sun into partnership on 1st April, 2024 for 1/10 share. It was agreed as follows:
Sun brings ₹6,00,000 as capital but could not bring goodwill in cash.
Goodwill is valued at ₹4,00,000.
Provision on debtors is required @10%.
Interest on Bank Loan for 6 months is due @12% p.a.
Liability to workers is ₹15,000 against Workmen Compensation Reserve.
Unrecorded stock of ₹40,000 is taken by Star at ₹38,000.
Prepare Revaluation Account and Partners’ Capital Accounts.

A partnership firm earned net profits during the last three years as follows:

The capital employed in the firm throughout the above period was ₹8,00,000. Considering the risk involved, 15% is regarded as a fair return on capital. The remuneration of all the partners during this period is estimated at ₹2,00,000 per annum. Calculate the value of Goodwill on the basis of Super Profit Method (3 years’ purchase).

Ekam and Akash were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024 the Balance Sheet of the firm was as follows:

The firm was dissolved and the assets and liabilities were settled as follows:
Land and Building was taken over by the creditors as full settlement.
Ekam accepted an unrecorded asset of ₹50,000 in full settlement of his loan.
Furniture was taken over by Akash for cash payment at 5% less than book value.
Debtors were collected by a debt collection agency at a cost of ₹10,000.
Bills Receivable realised ₹1,41,000.
Akash agreed to bear all realisation expenses. He was allowed ₹1,000 for this service. Actual realisation expenses of ₹2,000 were paid by Akash.
Prepare Realisation Account and Partners’ Capital Accounts.

Debtors appearing in the Balance Sheet of a firm were as follows:

On dissolution of firm, bad debts were ₹40,000 and the remaining debtors were realised at 5% discount. How much amount was realised from Debtors?

Sita, Gita and Rita are partners sharing profits in the ratio of 4 : 3 : 2. From April 1, 2024, they decided to share the profit equally. On that date their books showed the following items:
General Reserve ₹1,80,000
Workmen Compensation Reserve ₹2,25,000
Profit & Loss Account (Dr.) ₹4,50,000
Record the necessary Journal Entries.

The monthly sales of a company for the first six months are given below in Rupees (₹):

Write the formulae to calculate Sales:

Write any four advantages of computerized accounting system.