UP Board Class 12 Accountancy Question Paper 2025 PDF (Code 349) is available for download here. The Mathematics exam was conducted on March 4, 2025 in the Morning Shift from 8:30 AM to 11:45 AM. The total marks for the theory paper are 100. Students reported the paper to be easy to moderate.
UP Board Class 12 Accountancy Question Paper 2025 (Code 349) with Solutions
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For the firm, interest on partner's drawing is a/an
The excess of average profit over the normal profit is called
Profits of the last three years were Rs. 6,000, Rs. 13,000 and Rs. 8,000 respectively. Goodwill at two years' purchase of the average net profit will be.
Revaluation gains and losses are carried at the time of retirement
On dissolution of a firm, the final balance of Capital Account is transferred to
A company has
Zero coupon bonds are issued
Which of the following is not a part of financial statement of a company?
Which of the following is not a profitability ratio?
Cash flow statement is prepared from
Explain Partnership Deed.
Write any two characteristics of partnership.
Explain any one method of calculation of interest on drawings.
What is meant by reconstitution of partnership firm?
What is meant by dissolution of partnership firm?
Write two characteristics of equity shares.
State the types of debentures from the point of view of convertibility.
Write two objectives of financial statements.
What is meant by Ratio Analysis?
Write two examples of cash inflows by financing activities.
Explain the method of calculation of Goodwill on the basis of superprofit.
Why are the assets and liabilities of the firm revalued on the admission of new partner?
Discuss the types of Preference shares.
Differentiate between Private company and Public company.
Explain the types of debentures from the security point of view.
Give a specimen of vertical form of Balance Sheet.
A, B, C, and D share profit and loss in the ratio of 4 : 3 : 2 : 1. The partnership was dissolved on 31st March, 2024. The firm’s balance sheet on this date was as follows:
% Requires: \usepackage{graphicx
\begin{table[h]
\centering
\begin{tabular{|l|r|l|r|
\hline
\multicolumn{2{|c|{Liabilities & \multicolumn{2{c|{Assets
\hline
Description & Amount (Rs.) & Description & Amount (Rs.)
\hline
Creditors & 1,20,000 & Cash at Bank & 8,000
\hline
Bills Payable & 20,000 & Bills Receivable & 40,000
\hline
Capital A & 80,000 & Debtors & 1,40,000
\hline
Capital C & 1,20,000 & Stock & 92,000
\hline
& & Capital B & 40,000
\hline
& & Capital D & 20,000
\hline
Total & 3,40,000 & Total & 3,40,000
\hline
\end{tabular
\caption{Balance Sheet as on 31st March, 2024
\label{tab:balance_sheet_2024
\end{table
90% of Book value was realised from Debtors and Bills Receivable. Stock could be sold for Rs. 78,000. Outstanding salary of Rs. 2,000, which was not shown in the Balance Sheet, was also paid. The realisation expenses amounted to Rs. 6,000.
B is insolvent and only Rs. 32,000 could be recovered from him. The rule of Garner v/s Murray shall apply.
Prepare Realisation Account and Partners' Capital Account.
What problems arise on retirement or death of a partner? How are they settled?
R Co. Ltd. issued 5,000 shares of Rs. 100 each, payable Rs. 20 on application, Rs. 30 on allotment, Rs. 25 on first call, and Rs. 25 on second & final call. Applications were received for all the shares. Sohan, who was allotted 50 shares, did not pay first and second calls. All other amounts were received. The company forfeited shares held by Sohan and reissued them as fully paid shares for Rs. 3,000.
Pass necessary journal entries in the books of the company.
What do you mean by share capital of a company? Explain the main categories in which the share capital of a company is divided.
Calculate Current Ratio and Quick Ratio from the following balance sheet:
% Requires: \usepackage{booktabs
\begin{table[h]
\centering
\begin{tabular{ll|ll
\toprule
\multicolumn{2{c|{Liabilities & \multicolumn{2{c{Assets
\midrule
Description & Amount (Rs. in Lakhs) & Description & Amount (Rs. in Lakhs)
\midrule
Equity share capital & 10 & Land & 5
Reserve & 5 & Building & 8
Preference share capital & 5 & Plant and Machinery & 2
Debentures & 5 & Fixtures and Fittings & 5
Long term loans & 5 & Cash & 1
Bank loans & 2 & Bank & 2
Creditors & 3 & Debtors & 3
Bills Payable & 5 & Bills Receivable & 2
& & Stock & 10
\midrule
Total & 40 & Total & 40
\bottomrule
\end{tabular
\caption{Balance Sheet of ABC Company Ltd. (As on 1st January, 2024)
\label{tab:balance_sheet
\end{table
Define Debenture. What is meant by issue of debentures as collateral security? Explain with the help of an example.
From the following information, prepare Cash Flow Statement from the operating activities:
% Requires: \usepackage{graphicx
\begin{table[h]
\centering
\begin{tabular{|l|r|
\hline
Items & Rs.
\hline
Net profit of current year & 1,00,000
\hline
Transfer to general reserve & 10,000
\hline
Decrease in debtors & 25,000
\hline
Decrease in bills payable & 20,000
\hline
Discount on shares written off & 5,000
\hline
Increase in stock & 18,000
\hline
Loss on sale of machine & 12,000
\hline
Profit on sale of investment & 4,000
\hline
\end{tabular
\caption{Financial Data Summary
\label{tab:financial_summary
\end{table
What is meant by "Financial Statements"? Discuss the utility and significance of financial statements to various parties interested in the business concern.
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