08-22-2023, 12:17 PM
CBSE 10th Annual Exam 2023 Accountancy Question papers can be downloaded easily from the attachments.
Some sample question s that came for the exam are:
1. Anu, Bindu and Siya were partners in a firm sharing profits and losses in the ratio of 2:2:1. Siya was guaranteed that her share of profit will not be less than Rs. 50,000. The firm’s profit for the year ended 31s' March, 2022 was Rs. 2,00,000. The amount of deficiency to be borne by Anu was :
(a) Rs. 10,000
© Rs. 75,000
(b) Rs. 2,500
(d) Rs. 5,000
2. Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as :
(a) Private placement of shares (b) Sweat equity © Incorporation cost (d) Employee stock option plan
3. Vibha, Sudha and Ashish were partners in a firm sharing profits in the ratio 2:3:1. Sudha retired and the balance in her capital account after making necessary adjustments on account of reserves, revaluation of assets and re-assessment of liabilities was Rs. 85,000. Vibha and Ashish agreed to pay Sudha Rs. 1,15,000 in full settlement of her claim. Record the necessary journal entry for goodwill on Sudha’s retirement.
4. Which one of the following statement is incorrect ?
(A) Liquidity ratios are calculated to measure the short term solvency of the business.
(B) Current ratio is also known as Acid Test Ratio.
© Solvency ratios are calculated to determine the ability of the business to service its debt in the long run.
(D) Proprietary ratio expresses the relationship of proprietor’s funds to net assets / total assets.
Detailed question paper can be had from the links below.
Some sample question s that came for the exam are:
1. Anu, Bindu and Siya were partners in a firm sharing profits and losses in the ratio of 2:2:1. Siya was guaranteed that her share of profit will not be less than Rs. 50,000. The firm’s profit for the year ended 31s' March, 2022 was Rs. 2,00,000. The amount of deficiency to be borne by Anu was :
(a) Rs. 10,000
© Rs. 75,000
(b) Rs. 2,500
(d) Rs. 5,000
2. Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as :
(a) Private placement of shares (b) Sweat equity © Incorporation cost (d) Employee stock option plan
3. Vibha, Sudha and Ashish were partners in a firm sharing profits in the ratio 2:3:1. Sudha retired and the balance in her capital account after making necessary adjustments on account of reserves, revaluation of assets and re-assessment of liabilities was Rs. 85,000. Vibha and Ashish agreed to pay Sudha Rs. 1,15,000 in full settlement of her claim. Record the necessary journal entry for goodwill on Sudha’s retirement.
4. Which one of the following statement is incorrect ?
(A) Liquidity ratios are calculated to measure the short term solvency of the business.
(B) Current ratio is also known as Acid Test Ratio.
© Solvency ratios are calculated to determine the ability of the business to service its debt in the long run.
(D) Proprietary ratio expresses the relationship of proprietor’s funds to net assets / total assets.
Detailed question paper can be had from the links below.