The CBSE Class 12 Accountancy Board Exam 2025 is scheduled for March 26, 2025, and students must make the most of their final revision. To help you prepare effectively, our experts have curated a CBSE Class 12 Accountancy Sample Paper 2025 based on the latest exam pattern and marking scheme. This expert-designed sample paper will help students understand important concepts, practice high-scoring questions, and boost their confidence before the exam. Download the PDF now and revise efficiently for your tomorrow’s exam!
CBSE Class 12 ACCOUNTANCY Board Exam: BLUE PRINT 2025
Check the table below for the marking scheme of the CBSE Class 12 Accountancy Board exam 2025.
| 1M | 3M | 4M | 6M | TOTAL | ||
| PART A | Accounting for Partnership Firms and Companies | |||||
| Partnership Fundamentals | 7 | 1 | 8(10) | |||
| Partnership-Admission | 2 | 1 | 1(or) | 4(11) | ||
| Retirement & Death | 1 | 1+1 (or) | 2(7) | |||
| Partnership-Dissolution | 1 | 1 | 1 | 3(8) | ||
| Accounting for Companies Share Capital | 3 | 1 | 1 | 5(13) | ||
| Accounting for Companies Debentures | 2 | 1 | 1 | 4(11) | ||
| TOTAL | 16(1) | 4(3) | 2(4) | 4(6) | 26(60) | |
| PART B | Analysis of Financial Statements | |||||
| Analysis of Financial Statement | 1 | 1 | 1 | 3(8) | ||
| Accounting Ratios | 1 | 1 | 2(4) | |||
| Cash Flow Statement | 2 | 1 | 3(8) | |||
| TOTAL | 4(1) | 2(3) | 1(4) | 1(6) | 8(20) |
GENERAL INSTRUCTIONS:
-
This question paper contains 34 questions. All questions are compulsory.
-
This question paper is divided into two parts, Part A and Part B.
-
Part-A is (Accounting for Partnership Firms and Companies). Part-B is Analysis of Financial Statements.
-
Both parts are compulsory for all the candidates.
-
Question Nos. 1 to 16 and 27 to 30 carries 1 mark each.
-
Question Nos. 17 to 20, 31 and 32 carries 3 marks each.
-
Question Nos. 21, 22 and 33 carries 4 marks each.
-
Question Nos. 23 to 26 and 34 carries 6 marks each.
-
There is no overall choice. However, an internal choice has been provided in 7 questions of one mark, 2 questions of three marks, 1 question of four marks and 2 questions of six marks.
PART A
(Accounting for Partnership Firms and Companies)
1. A and B share profits and losses equally. They have ₹2,00,000 each as capital. They admit C as an equal partner, and goodwill was valued at ₹30,000. C is to bring in ₹30,000 as capital and necessary cash towards his share of goodwill. The Goodwill Account will not be opened in books. If profit on revaluation is ₹13,000, find the closing balance of the capital accounts.
(A) ₹2,00,000 ; ₹2,00,000 ; ₹30,000
(B) ₹31,500 ; ₹31,500 ; ₹20,000
(C) ₹26,500 ; ₹26,500 ; ₹30,000
(D) ₹2,00,000 ; ₹2,00,000 ; ₹30,000
2. Anita and Babita are partners sharing profits in the ratio of 3:1. Savita was admitted as a new partner for 1/3rd share. Savita was unable to bring her share of goodwill premium in cash. The journal entry recorded for Goodwill Premium is given below:
| L.F | Amount Dr. (₹) | Amount Cr. (₹) |
| Savita’s Current A/c | Dr. 24,000 | |
| To Anita’s Capital A/c | 8,000 | |
| To Babita’s Capital A/c | 16,000 | |
| (Being adjustment of goodwill premium on Savita’s admission) |
The new profit sharing ratio of Anita, Babita, and Savita will be:
a. 4:2:1
b. 13:1:10
c. 3:1:1
d. 5:3:2
3. Assertion (A): Loss on issue of debentures is written off in the year Debentures are allotted.
Reason (R): Loss on issue of debentures is written off from Capital Reserve first if available and then from the statement of profit and loss.
a. (A) is correct but (R) is wrong
b. Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
c. Both (A) and (R) are incorrect
d. Both (A) and (R) are correct, and (R) is the correct explanation of (A)
OR
X Ltd. purchased assets worth ₹12,30,000. It paid ₹3,00,000 as consideration by bank draft and the balance by issuing debentures of ₹500 each at a discount of 7% in full satisfaction of the purchase consideration. The amount debited to Discount on Issue of Debentures A/c will be:
a. ₹86,100
b. ₹76,100
c. ₹80,000
d. ₹70,100
4. P, Q, and R are partners sharing profits and losses in a ratio of 4:3:2. On 1-4-2023, they decided to share future profits and losses in the ratio of 2:2:1. Workmen compensation reserve appearing in the balance sheet is ₹25,000, and a claim on account of workmen compensation is estimated at ₹35,000. Correct statement is:
a. ₹25,000 will be credited to Partner’s Capital A/c in their old ratio.
b. ₹25,000 will be credited to Partner’s Capital A/c in their new ratio.
c. ₹35,000 will be debited to Revaluation A/c.
d. ₹35,000 will be debited to Partners Capital A/c in their new ratio.
OR
A, B, and C were partners in a firm sharing profit and losses in the ratio of 4:3:2. The partners decided to share future profit and losses in the ratio of 2:2:1. At the time of reconstitution, a stock undervalued by ₹12,000 will be:
a. Credited to Revaluation A/c
b. Debited to Revaluation A/c
c. Debited to Partner’s Capital A/c in old ratio
d. None of the above
5. What will be the correct sequence of events? i) Forfeiture of shares.
ii) Default on Calls.
iii) Re-issue of shares.
iv) Amount transferred to capital reserve.
Options:
(A) i, ii, iv, iii
(B) ii, iv, i, iii
(C) ii, i, iii, iv
(D) i, iii, iv, ii
6. A holds 100 shares of ₹10 each, on which he has paid ₹1 on application. B holds 200 shares of ₹10 each, on which he has paid ₹1 on application and ₹2 on allotment. C holds 300 shares of ₹10 each, who has paid ₹1 on application, ₹2 on allotment, and ₹3 on final call. They all failed to pay their arrears, and each share had a total call of ₹4 per share. All the shares of A, B, and C were forfeited. How much amount will be transferred to Share Forfeiture A/c on forfeiture of shares?
a. ₹2,500
b. ₹2,400
c. ₹2,000
OR
Balance in Forfeited Shares Account is shown in the balance sheet under the head of:
a) Reserves and Surplus
b) Long-term Borrowings
c) Share Capital
d) Other Current Liabilities
7. Given below are two statements – Assertion (A) and Reason (R). Choose the correct alternative.
Assertion (A): The fixed capital account balance of a partner may change due to the addition to capital or withdrawal of capital or both during the year.
Reason (R): Under the fixed capital method, the partner’s capital account balance always remains fixed.
a. (A) is correct but (R) is wrong
b. Both (A) and (R) are correct
c. (A) is wrong, but (R) is correct
d. Both (A) and (R) are wrong
8. Deepa, Niru, and Shilpa were partners in a firm sharing profits in the ratio of 5:3:2. The following journal entry was recorded for the treatment of goodwill on Niru’s retirement:
| Particulars | L.F | Amount Dr. (₹) | Amount Cr. (₹) |
| Shilpa’s Capital A/c | 48,000 | ||
| To Niru’s Capital A/c | 36,000 | ||
| To Deepa’s Capital A/c | 12,000 |
(Being adjustment of goodwill on Niru’s retirement)
What will be the new profit sharing between Deepa and Shilpa?
a. 5:2
b. Equal
c. 3:1
d. 2:3
OR
A, B, and C were partners in a firm sharing profit and losses in the ratio of 2:2:1. The capital balances are ₹50,000 for A, ₹70,000 for B, and ₹35,000 for C. B decided to retire from the firm, and the balance in reserve on the date was ₹25,000. If goodwill of the firm was valued at ₹30,000 and profit on revaluation was ₹7,500, then what amount will be payable to B?
a. ₹76,700
b. ₹70,600
c. ₹75,000
d. ₹95,000
9. Rohan, Mohan, and Sohan were partners sharing profit equally. At the time of dissolution of the partnership firm, Rohan’s loan to the firm will be:
a. Credited to Rohan’s capital account
b. Debited to realization account
c. Debited to Rohan’s capital account
d. Credited to bank account
10. Given below are two statements – Assertion (A) and Reason (R). Choose the correct alternative.
Assertion (A): The part of capital which is called up only on winding up is called reserve capital.
Reason (R): Reserve capital is a portion of uncalled capital, which is available only for creditors on winding up of the company.
a. Both (A) and (R) are correct, and (R) is the correct reason of (A)
b. Both (A) and (R) are correct, and (R) is not the correct reason of (A)
c. Only (R) is correct
d. Both (A) and (R) are wrong
11. Which of the following items is not dealt through profit and loss appropriation account?
a. Interest on Partner’s Loan
b. Partner’s Salary
c. Interest on Partner’s Capital
d. Partner’s Commission
12. Devi withdrew ₹12,000 at the middle of every month. Interest on drawings was to be charged at 12% per annum. The amount of interest on Devi’s drawings will be:
a. ₹1,440
b. ₹4,800
c. ₹2,700
d. ₹1,200
13. P, Q, and R are partners in 6:4:2. R is guaranteed that his share of profit will not be less than ₹20,000. Any deficiency will be borne by P and Q in the ratio of 4:2. The firm’s total profit was ₹1,20,000. Share of P will be:
₹51,200
b. ₹1,00,000
c. ₹1,21,000
d. ₹1,02,000
14. A and B are partners. The net divisible profit as per the profit and loss appropriation account is ₹2,50,000. The total interest on partner’s drawings is ₹4,000 per quarter, and B’s salary is ₹40,000 per annum. The net profit or loss earned during this year was:
a. ₹3,20,000
b. ₹1,98,000
c. ₹3,08,000
d. ₹2,50,000
15. The average period in months for charging interest on drawings for the same amount withdrawn at the beginning of each quarter is:
a. 7.5 months
b. 6.5 months
c. 5.5 months
d. 4.5 months
OR
Manu and Kanu were partners in a firm, sharing profit and losses in the ratio of 2:3. Their fixed capitals were ₹1,00,000 and ₹50,000, respectively. They were entitled to an interest on capital at 10% p.a. The firm earned a profit of ₹60,000 during the year. The amount of interest on capital credited to Kanu will be:
a. ₹20,000
b. ₹40,000
c. ₹36,000
d. ₹24,000
16. Newfound Ltd took over the business of Oldland Ltd and paid for it by issue of 30,000 Equity shares of ₹100 each at par, along with 6% preference shares of ₹1,00,00,000 at a premium of 5% and a cheque of ₹8,00,000. What was the total agreed purchase consideration payable to Oldland Ltd?
a. ₹1,05,00,000
b. ₹1,43,00,000
c. ₹1,40,00,000
d. ₹1,35,00,000
17. Kabir and Farid are partners in a firm sharing profits in the ratio of 3:1. On 1-4-2022, they admitted Manik into the partnership for 1/4th share in the profits of the firm. Manik brought his share of goodwill premium in cash. Goodwill of the firm was valued on the basis of 2 years purchase of the last three years’ average profits. The profits of the last three years were:
2019-20 → ₹90,000
2020-21 → ₹1,30,000
2021-22 → ₹36,000
During the year 2021-22, there was a loss of ₹20,000 due to fire, which was not accounted for while calculating profits. Pass the necessary journal entries for the treatment of goodwill.
18. Young Ltd. took a loan of ₹15,00,000 from State Bank of India against the security of tangible assets. In addition to principal security, it issued 10,000 11% debentures of ₹100 each as collateral security.
Pass the necessary journal entries for the above transaction if the company decided to record the issue of 11% debentures as collateral security and show the presentation in the balance sheet.
19. Ram, Mohan, and Sohan were partners sharing profit in the ratio of 2:1:1. Ram withdrew ₹3,000 every month and Mohan withdrew ₹4,000 every month. Interest on drawings @ 6% p.a. was charged whereas the partnership deed was silent about interest on drawings. Showing your working clearly, pass the necessary adjustment entry to rectify the error.
OR
A and B are partners sharing profit and loss in the ratio of 3:2. Their capital on 31st March 2022 after all adjustments stood at ₹1,65,500 and ₹1,27,600 respectively. Profits amounting to ₹50,000 for the year 2021-22 were distributed after charging interest on drawings @ 12% p.a. During the year A withdrew ₹5,000 at the beginning of every quarter and B withdrew ₹4,000 during the year. The partnership deed is silent on the treatment of interest on drawings or interest allowed @ 5%.
Prepare a profit and loss adjustment account. Showing your workings, pass the adjustment entry to rectify the above errors.
20. Ahuja and Barua add partners in a firm sharing profit and losses in the ratio of 3:2. They decided to admit Chaitanya into partnership for 1/5th share of profits, which he acquired equally from Ahuja and Barua. Goodwill is valued at ₹30,000. Chaitanya brings in ₹16,000 as his capital but does not contribute for goodwill. Goodwill is to be adjusted through existing partners’ capital accounts.
Record the necessary journal entries.
21. Altaur Ltd. was registered with an authorized Capital of ₹4,00,00,000 divided in 25,00,000 Equity Shares of ₹10 each and 1,50,000 9% Preference Shares of ₹100 each.
The company issued 8,00,000 Equity Shares for public subscription at 20% premium, payable ₹ 3 on application, ₹ 7 on allotment (including premium), and balance on call. The public had applied for 10,00,000 shares. Excess Applications were sent letters of regret. All the dues on allotment were received except on 15,000 shares held by Sanju. Another shareholder Rocky paid his call dues along with allotment on his 10,000 shares.
You are required to prepare the Balance Sheet of the company as per Schedule III of Companies Act, 2013, showing Share Capital balance and also prepare Notes to Accounts.
22. Charu, Diwan, Iknour, and Pawav were partners in a firm. They had entered into partnership from last year only, through a verbal agreement. They contributed capitals to the firm and no other agreement was drafted with respect to distribution of profits in the firm. Within a year, their conflicts arose regarding each disagreement made by an individual, and they decided to dissolve the firm and liquidate assets.
They consulted a legal advisor and appointed Mr. Kasav as the external liquidator. In the meantime, Mr. Kasav had transferred various assets and external liabilities to Realisation A/c. Due to their busy schedule, Mr. Kasav liquidated the assets on behalf of the firm. Below are the final transactions made:
(i) Diwan’s Loan of ₹ 50,000 to the firm was settled by paying ₹ 42,000.
(ii) Investments (Book Value ₹ 60,000) were realised at ₹ 45,000.
(iii) Iknour’s Loan of ₹ 83,000 to the firm was adjusted by payment to Charu’s brother for the same amount.
(iv) Bank Loan of ₹ 80,000 to the firm and he took over Machinery of ₹ 60,000 as settlement.
(v) Firm had to pass necessary entries for all the above-mentioned transactions.
23. (a) The directors of Poly plastic Ltd resolved that 200 shares of ₹100 each be forfeited for non-payment of second and final call of ₹30 per share. Out of these 150 shares were re-issued at ₹60 per share to Mohit. Show the necessary journal entries for forfeiture and reissue of shares.
(b) A holds 100 shares of ₹10 each on which he has paid ₹1 per share on application. B holds 200 shares of ₹10 each on which he has paid ₹1 on application ₹2 on allotment. C holds 300 shares of ₹10 each who has paid ₹1 on applications, ₹2 on allotment and ₹3 on first call. They all failed to pay their arrears and second call of ₹4 per share as well. All the shares of A, B and C were forfeited and subsequently reissued at ₹11 per share as fully Paid-up. Pass the necessary journal entries forfeiture and reissue of shares without opening call-in-arrears account.
OR
Arora limited issued a prospectus inviting applications for 20,000 shares of ₹10 each at a premium of ₹2 per share payable as follows: On application ₹2, on allotment ₹5 (including premium), on first call ₹3, on second and final call ₹2. Applications were received for 30,000 shares and pro-rata allotment was made on the applications for 24,000 shares. Money overpaid on application was employed on account of some due on allotment. Sanchit to whom 4,00 shares were allotted failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited. Parth, the holder of 600 shares, failed to pay the two calls and his shares were forfeited after the second call. Of the shares forfeited, 800 shares were sold to Siddharth credited as fully paid for ₹9 per share, the whole of Sanchit’s shares being included. show the journal entries
24. On 31st March 2020, the Balance Sheet of Punit, Rahul, and Seema was as follows:
Balance Sheet as at March 31, 2020
| Liabilities | Rs | Assets | Rs |
| Capitals: Punit 60,000 Rahul 50,000 Seema 30,000 Reserves Creditors |
20,000 14,000 | Buildings Machinery Patents Stock Cash | 40,000 60,000 12,000 20,000 42,000 |
| Total | 1,74,000 | Total | 1,74,000 |
They were sharing profit and loss in the ratio 5:3:2. Seema died on October 1, 2020. It was agreed between her executors and the remaining partners that:
(i) Goodwill be valued at 2 years’ purchase of the average profits of the previous five years, which were: 2015-16: ₹30,000; 2016-17: ₹26,000; 2017-18: ₹24,000; 2018-19: ₹30,000and 2019-20: ₹40,000.
(ii) Patents be valued at ₹16,000; Machinery at ₹56,000; Buildings at ₹60,000.
(iii) Profits for the year 2020-21 be taken as having been accrued at the same rate as that in the previous year.
(iv) Interest on capital be provided at 10% p.a.
(v) A sum of ₹15,500 was paid to her executors immediately and the remaining amount will be paid to her executor in three equal yearly instalments with interest @10% p.a. The first instalment was to be paid on 30.09.2021.
Calculate the amount to be transferred to Seema’s Executor’s A/c and prepare Seema’s Executor’s Account till it is finally settled.
25. On October 1, 2022, Tiger Ltd. issued 40,000, 8% Debentures of ₹100 each at 9% premium and redeemable at a premium of 12% after 5 years. On the same date, the company issued 600, 14% debentures of ₹1,000 each as a collateral security to Punjab National Bank which had advanced a loan of ₹15,00,000 to it for a period of 6 years. The balance in Securities Premium Account on the date of issue of debentures was ₹1,60,000. Interest on debentures was paid half yearly and loss on issue of debentures was written off at the end of year.
Pass Journal entries for the financial year 2022-23.
26. Python Ltd. invited applications for issuing 1,00,000 Shares of ₹10 each at a premium of ₹2 per share. The amount was payable as₹ 4 on application (including premium); ₹ 5 on Allotment and balance on call. Applications were received shares for 1,80,000 of which Applications for 30,000 shares were rejected and remaining applicants were allotted on pro-rata basis. Manthan, holding 5,000 shares failed to pay call money and his shares were forfeited. Out of these 2,000 shares were re-issued at premium of ₹ 3 per share.
Prepare Cash Book and pass necessary entries
OR
Zocon Ltd. issued a prospectus inviting applications for 5,00,000 equity shares of ₹10 each issued at a premium of 10% payable as: ₹3 on Application ₹5 on Allotment (including premium) and ₹3 on call. Applications were received for 6,60,000 shares.
Allotment was made as follows:
(a) Applicants of 4, 00,000 shares were allotted in full.
(b) Applicants of 2, 00,000 shares were allotted 50% on pro rata basis.
(c) Applicants of 60,000 shares were issued letters of regret. A shareholder to whom 500 shares were allotted under category
- (a) paid full amount on shares allotted to him along with allotment money. Another shareholder to whom 1,000 shares were allotted under category
- (b) failed to pay the amount due on allotment. His shares were immediately forfeited. These shares were then reissued at ₹14 per share as ₹7 paid up. Call has not yet been made. Journalise the above transactions in the books of Zocon Ltd..
PART B: Analysis of Financial Statements
27. Which of the following is not an objective of analysis of financial statements?
a) To judge the operational efficiency
b) To judge the long-term and short-term liquidity position of the firm
c) To know the profitability of the firm
d) To judge the variations in the price level
OR
Operating Cycle is the time between the acquisition of assets for processing and their realisation into:
a) Current Assets
b) Non- current Assets
c) Other Current Assets
d) Cash and Cash Equivalents
28. Which of the following is correct?
(i) A ratio is an arithmetical relationship of one number to another number.
(ii) Liquid ratio is also known as Acid test ratio.
(iii) Ideally accepted Current ratio is 1:1.
(iv) Debt Equity ratio is the relationship between Outsider’s funds and shareholders’ funds.
Choose the correct choice from the following:
a)All are correct
b)Only (i), (ii) and (iv) are correct
c)Only (ii), (iii) and (iv) are correct
d)Only (ii) and (iv) are correct
29. Which of the following will not result into cash inflow?
- Decrease in debtors
- Issue of shares
- Decrease in creditors
- Sale of fixed assets
OR
Insurance Claim received by Albert Co. Ltd. of ₹ 5,00,000 for Loss of Machinery due to theft will be recorded in Cash Flow Statement in which of the following manner?
a). Added under Operating Activities as Extraordinary Item and Subtracted from Operating Activities also.
b ) Subtracted under Operating Activities as Extraordinary Item and Added to Operating Activities also.
c) Added under Operating Activities as Extraordinary Item and Outflow under Investing Activity also.
d) Subtracted under Operating Activities as Extraordinary Item and Inflow under Investing Activities also.
30. Which of the following is an example of cash inflow from operating activities?
- Cash receipts from disposal of shares, warrants, or debt instruments held for trading purposes
- Cash receipts from royalties, fees, commissions, and other revenues.
- Cash receipts from the rendering of services.
- All of the above
31. Under which major heads and sub-heads will the following items be placed in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013?
(i) Debentures with maturity period in current financial year
(ii) Securities Premium Reserve
(iii) Provident Fund
(iv) Furniture and Fixtures
(v) Provision for Warranties
(vi) Income received in advance
32. Determine Return on investment and Net Asset Turnover ratio from the following information:
- Profit after tax were ₹6,00,000;
- Tax rate was 40%;
- 15% Debentures were of ₹20,00,000;
- 10% bank loan was ₹20,00,000;
- 12% Preference Share Capital ₹30,00,000;
- Equity Share Capital ₹40,00,000;
- Reserves and Surplus were ₹10,00,000;
- Sales ₹3,75,00,000 and Sales Return ₹15,00,000
33. Prepare a comparative statement of profit and loss with the help of the following information:
| Particulars | 2021-22 (₹) | 2022-23 (₹) |
| Revenue from Operations | 20,00,000 | 30,00,000 |
| Expenses | 12,00,000 | 21,00,000 |
| Other Incomes | 2,00,000 | 3,60,000 |
| Income Tax | 30% | 30% |
OR
From the following Balance Sheets of Deepshikha Ltd. as at 31st March, 2022 and 2023, prepare Comparative Balance Sheets.
Balance Sheet as at 31.03.2022 and 31.03.2023
I. EQUITY AND LIABILITIES
| Particulars | Note No. | 31-03-2022 (₹) | 31-03-2023 (₹) |
| 1. Shareholders' Funds | |||
| - Share Capital (Equity) | 18,00,000 | 12,00,000 | |
| 2. Non-Current Liabilities | |||
| - Long-term Borrowings (8% Debentures) | 6,00,000 | 6,00,000 | |
| 3. Current Liabilities | |||
| - Trade Payables | 6,00,000 | 3,00,000 | |
| Total Equity and Liabilities | 30,00,000 | 21,00,000 |
II. ASSETS
| Particulars | Note No. | 31-03-2022 (₹) | 31-03-2023 (₹) |
| 1. Non-Current Assets | |||
| - Property, Plant & Equipment | 18,00,000 | 15,00,000 | |
| 2. Current Assets | |||
| - Trade Receivables | 10,00,000 | 4,00,000 | |
| - Cash and Cash Equivalents | 2,00,000 | 2,00,000 | |
| Total Assets | 30,00,000 | 21,00,000 |
From the following balance sheet of Agri Tech Ltd. as on 31st March, 2022 and 2021, prepare a cash flow statement
Balance Sheet
As at 31st March, 2022 and 2021
| Particulars | Note No. | 31st March, 2022(₹) | 31st March, 2021(₹) |
| I. EQUITY AND LIABILITIES i. Share Capital ii. Reserves and Surplus
|
84,000 |
48,000 | |
| TOTAL | 2,36,000 | 1,55,400 | |
| II. ASSETS i. Inventories ii. Trade Receivables iii. Cash and Cash Equivalents |
39,000 5,000 |
36,000 4,000 | |
| TOTAL | 2,36,000 | 1,55,400 |
Notes to Accounts
| Particulars | 2022 (₹) | 2021 (₹) |
| 1. Reserves and Surplus General reserve Balance of statement of profit and loss Preliminary Expenses |
30,000 |
20,000 |
| 84,000 | 48,000 |
Additional information :
- Depreciation charged on fixed assets for the year 2021 – 22 was 20,000.
- Income tax 5,000 has been paid during the year.
Also Check:
Comments
All Comments (0)
Join the conversation