Test your self by solving Accountancy Sample Paper CBSE 2012, given here.
1. B and M are Partners in a firm. They withdrew Rs. 48.000 and Rs. 36.000 respectively during the year evenly at the middle of every month. According to the Partnership agreement. interest on drawing is to be charged @ 10% p.a.
Calculate the interest on drawing of the partners using appropriate formula.
2. State the provision of Section 78 of Companies Act 1956. regarding the uses of Security Premium Amount.
3. How is Share Capital shown in the Company's Balance Sheet as per Section 211 Schedule VI part I of Company’s Act 1956?
5. What is Partnership? List any three main characteristics of Partnership.
To get complete Sample paper Click Here