| Board | Madhya Pradesh Board of Secondary Education [MPBSE] |
| Class | Class 12th / HSC |
| Download | Model Question Paper |
| Year | 2022-23 |
| Subject | Book Keeping & Accountancy Studies |
| Document Type | |
| Official Website | http://www.mpbse.nic.in/default.htm |
MPBSE Class 12th Accountancy Studies Model Question Paper
Madhya Pradesh Board of Secondary Education [MPBSE] Class 12th / HSC Book Keeping & Accountancy Studies Model Question Paper 2022-23
Download MPBSE Class 12th Accountancy Studies Model Question Paper
| Class & Subjects | Question Bank |
| Class XII Book Keeping & Accountancy Studies |
Download Here |
MPBSE Class 12th Accountancy Studies Sample Questions
Choose the correct option :
(I) The portion of the capital which is actually received from the Shareholders, is called –
(a) Paid-up Capital
(b) Issued Capital
(c) Called-up Capital
(d) Authorised Capital
(II) At the time of forfeiture of shares, Share Capital is debited by-
(a) Called-up amount on shares
(b) Paid-up amount on shares
(c) Issued amount on shares
(d) Face value of shares
(III) The format of Balance Sheet of a Company is given in which schedule of the Company’s Act 2013-
(a) Schedule III part1
(b) Schedule III part 2
(c) Schedule III part 3
(d) Schedule III part 4
(IV) ‘Average collection’ is related to —
(a) Invested Capital
(b) Shareholder’s fund
(c) Net Credit Purchase
(d) Net Credit Sale
(V) Cost of goods sold is ₹20000. Average stock is ₹8000. Stock turnover Ratio will be –
(a) 2 Times
(b) 2.5 Times
(c) 3 Times
(d) 3.5 Times
(VI) Cash flow statement is related to —
(a) AS-3
(b) AS-6
(c) AS-9
(d) AS-12
Fill in the blanks :
(I) The liability of Partners is ……………. .
(II) …………………. account is opened, when the amount payable to retired partner is given in instalments.
(III) At the time of admission of a new partner, if Goodwill already appearing in the books. It will be distributed in …………..ratio.
(IV) The nature of Realisation account is …………… .
(V) Insolvency of all Partners is…………… dissolution of Firm.
(VI) The rate of dividend is fixed on………….. shares.
(VII) ……………….. Debentures can be converted into shares.
Write answer in True/False :
(I) The objective of Partnership business must be Legel.
(II) At the time of admission of a new partner, It is compulsory to bring capital by him.
(III) The nature of Debenture is short term.
(IV) Debenture holders are the real owners of Company.
(V) ‘Sale of furniture’ is an Investing Activity.
(VI) Non-current assets are Company’s long term investment.
Write the answer in one sentence :
(I) What is the written agreement between the Partners called ?
(II) Which balance does the capital account always show in the fixed capital method ?
(III) In which ratio profit/loss is distributed between the partners in the absence of partnership deed?
(IV) Who gives approval to the name of the Company?
(V) Under which heading ‘reserve &surplus’ is shown in the Company’s Balance sheet.
(VI) What type of necessity is preparation of Financial Statement?
(VII) Which statement shows the Operating result and Financial position of the Company?
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