CBSE Class 12 Accountancy Previous Year Question Paper 2010-11
This CBSE Class 12 Accountancy Previous Year Question Paper from the 2010-11 session focuses on the computation of appropriation and change items. It includes one-mark questions designed to test fundamental concepts. For instance, it clarifies how interest on capital is treated in case of a loss and details the calculation of interest on drawings when amounts are withdrawn at regular intervals, such as at the beginning of each quarter or month. Solving such previous year papers is crucial for students to understand the examination pattern, reinforce their knowledge of key accounting principles, and enhance their performance in the board exams.
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Quick info
| Board | CBSE |
|---|---|
| Class | 12 |
| Subject | Accountancy |
| Session | 2010-11 |
| Language | English |
| Type | Previous Year Question Paper |
| Exam type | Board Exam |
Paper pattern
This paper includes one-mark questions testing concepts related to appropriation and change items in partnership accounts.
Topics covered
Paper topics
- Interest on Capital
- Interest on Drawings
- Partnership Accounts
Important topics
- Interest on Capital in case of Loss
- Calculation of Interest on Drawings (Regular Intervals)
PDF preview
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Question paper text
Computation of Appropriation Items & Change Items
1 Mark Questions
- A partnership deed provides for the payment of interest on capital but there
was a loss instead of profit during the year 2010-2011. At what rate will the interest on capital be allowed? (All India 2012)
Ans. No interest on capital will be allowed as there was loss in the firm.
- Give the average period in months for charging interest on drawings for the
same amount withdrawn at the beginning of each quarter. (All India 2011)
Ans. The average period for charging interest on drawings for the same amount withdrawn at the beginning of each quarter is 7 1/2 months which can be computed as follows = <math>12+3/2=15/2=7.5</math> Interest on Drawings =Total Drawings x Rate/100 x 7 1/2 /12
- How is interest on drawings calculated, if the drawings are made at regular
intervals, as on the first day of each month? (Delhi 2009)
Ans. If the drawings are made regularly on the first day of each month, the interest on drawings will be calculated for 6-^ months which can be computed as follows: <math>= 12+1/2 = 13/2 = 6.5</math>
Interest on Drawings = Total Drawings x Rate/100 x 6 <math>\frac{1}{2}</math>/12
Frequently asked questions
What is this document?
This is a CBSE Class 12 Accountancy Previous Year Question Paper from the 2010-11 session, focusing on appropriation and change items.
What topics are covered?
The paper covers topics such as interest on capital, interest on drawings, and their calculation under different scenarios in partnership accounts.
How does solving this paper help?
Solving this previous year question paper helps students understand the exam pattern, reinforce accounting concepts, and improve their preparation for the CBSE board exams.
What is the format of the questions?
This section contains one-mark questions designed to test conceptual clarity on specific aspects of partnership accounting.
Is this paper useful for the current syllabus?
Previous year papers are excellent for understanding fundamental concepts and exam structure, which remain largely consistent, aiding overall preparation.
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