CBSE Board Paper Solution-2020

Class : XII Subject : Accountancy Set 2 Code No 67/3/2 : Time allowed : 3 hours Maximum Marks : 80

Read the following instructions very carefully and strictly follow them:

1. This question paper comprises two parts – A and
2. There are 32 questions in the question paper. All questions are compulsory.

1. Part A is compulsory for all candidates.
2. Part B has two options i.e. (1) Analysis of Financial Statements and (2) Computerized Accounting. You have to attempt only one of the given options.
3. Heading of the option opted must be written on the Answer-Book before attempting the questions of that particular OPTION.
4. Questions nos. 1 to 13 and 23 to 29 are very short answer type questions carrying 1 marks each.
5. Question nos. 14 and 30 are short answer type-I questions carrying 3 marks each.
6. Questions nos. 15 to 18 and 31 are short answer type-II questions carrying 4 marks each.
7. Questions nos. 19, 20 and 32 are long answer type –I questions carrying 6 marks each.

1. Question nos. 21 and 22 are long answer type-II questions carrying 9 marks each.
2. Answers should be brief and to the point. The answer of each part should be written at one place.

1. questions.

(xii)

Part A

(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. Riva, Meetu and Asha were partners in a firm sharing profit and losses in the ratio of 1: 2: 3. Meetu died on 31^st July, 2019, According to the partnership agreement, her share of profit from the closure of last accounting year till the date of her death was to be calculated on the basis of aggregate profits of two completed years before her death. Profits of the firm for the years ending 31^st March, 2018 and 31^st March 2019 were ₹ 46000 and ₹ 44,000 respectively. The firm closes its books on 31st march every year. Meetu's share of profit till the date of her death will be

(1)