PUE
University Karnataka Department of Pre University Education
Course & Year II PUC
Subject Accountancy
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Test First Test
Document Type PDF
Official Website http://pue.kar.nic.in/home.asp

PUE PUC II Accountancy Model Question Paper

Karnataka Department of Pre University Education (PUE) Second Year PUC Accountancy First Test Model Question Paper 2021.

Download PUE Karnataka II PUC First Test Model Question Papers 2021 Here

Download PUC II Accountancy Model Question Paper

Course & Subject Model Question Paper
II PUC Accountancy Download

PUE PUC II Accountancy First Test Model Questions

Section –A:
Answer any FIVE questions, each question carries ONE mark. 05×01=05
1. Partnership deed contains;
a) Name of firm
b) Name and address of the partners
c) Profit and loss sharing ratio
d) All of the above

2. Name any one method of maintaining capital accounts of Partners.
3. Old ratio – New ratio = ________
4. State any one reason for admission of a new partner.
5. New Share = Old share + share sacrificed. (State True or False)
6. When do you prepare Executors account?

Section –B:
Answer any TWO questions, each question carries TWO marks. 02×02=04
7.Define Partnership.
8. What do you mean by profit and loss appropriation account?
9. State any two rights acquired by a new partner.

Section –C:
Answer any FOUR questions, each question carries SIX marks. 04×06=24
10. Arun & Varun are the partners sharing profits & losses in the ratio of 2:1 Their opening capital being Rs.80,000 & Rs.50,000 respectively. They earned a profit of Rs. 20,000 before allowing the following:
• Interest on capital @ 8% p.a.
• Interest on drawings: Arun Rs.2,000, Varun Rs.2,500
• Salary to Arun Rs.3,000 p.a.
• Commission to Varun Rs.2,000 p.a.

Prepare P & L Appropriation account as on 31/03/2021

11. Radha and Ravi are partners in a firm. Radha’s drawings for the year 2020-21 are given as under:
• Rs. 5,000 on 01.04.2020
• Rs. 8,000 on 30.06.2020
•Rs. 3,000 on 01.12.2020
• Rs. 2,000 on 31.03.2021

Calculate interest on Radha’s drawings at 10% p.a. for the year ending on 31.03.2021, under product method.

12. Anil and Sunil are partners in a firm sharing profits and losses in the ratio of 3:2. They admit Ashok as a new partner forth share. The new profit sharing ratio between Anil and Sunil will be 2:1. Calculate the sacrifice ratio.

13. Vani, Rani and Soni are partners in a firm sharing profits and losses in the ratio of 4:3:2. Soni retires from the firm. Vani and Rani agreed to share equally in future. Calculate gain ratio of Vani and Rani

Download PUE Karnataka II PUC Reduced Syllabus 2020-21 Model Question Papers

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