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Published on: 08/09/2022
QB365 provides a detailed and simple solution for every Possible Case Study Questions in Class 12 Accountancy Subject - Reconstitution of a Partnership Firm - Admission of a Partner, CBSE. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download CBSE Class 12th Standard CBSE Accountancy question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE Accountancy
Questions + Answers key
Take MCQ Accountancy Test
1.
Read the following hypothetical text and answer the given questions on the basis of the same: Krishika an alumni of IIM Ahemdabad initiated her startup Krishika Ltd. in 2018. The profits of Krishika Ltd. in the year 2019-20 after all appropriations was ₹ 31,25,000. This profit was arrived after taking into consideration the following items:-
| S. No | Particular | Amount (in Rs.) |
|---|---|---|
| 1. | Gain on sale of fixed tangible assets | 12,50,000 |
| 2. | Goodwill written off | 7,80,000 |
| 3. | Transfer to General Reserve | 8,75,000 |
| 4. | Provision for taxation | 4,37,500 |
Additional Information:-
| Particulars | 31.03.2020 (in Rs.) | 31.03.2019 (in Rs.) |
|---|---|---|
| Prepaid Expenses | 7,50,000 | 5,00,000 |
| Inventory | 10,50,000 | 8,20,000 |
| Trade Payables | 4,50,000 | 3,50,000 |
| Trade Receivables | 6,20,000 | 5,90,000 |
1.Net Profit before tax will be Rs.……………………………. (Choose the correct alternative)
| (a)22,50,000 | (b) 35,62,500 | (c) 39,67,50 | (d) 44,37,500 |
2.Operating profit before working capital changes will be ₹…………………… (Choose the correct alternative)
| (a) 52,17,500 | (b) 64,67,500 | (c) 39,67,500 | (d) 39,69,500 |
3.Cash from operating activities before tax will be __________(Choose the correct alternative)
| (a) 35,57,500 | (b) 40,67,500 | (c) 37,87,500 | (d) 35,67,300 |
4.Cash flow from Operating Activities will be₹…………………… (Choose the correct alternative)
| (a) 39,95,000 | (b) 31,20,000 | (c) 40,67,500 | (d) 31,00,000 |
1.
1. (d) 44,37,500
2. (c) 39,67,500
3. (a) 35,57,500
4. (b) 31,20,00
12th Standard CBSE Syllabus & Materials
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CBSE 12th Standard CBSE Subjects
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