JMI Class XII Accountancy Sample Question Paper 2020

JMI Class XII Accountancy Sample Question Paper 2020 Download Free PDF

Jamia Millia Islamia (JMI) 2020 Class XII Accountancy Sample Question paper with answers JMI Class XII Accountancy Sample 2020 Question with solution you can download it in FREE, if JMI Class XII Accountancy 2020 paper in text or pdf for JMI Class XII Accountancy Sample 2020 Answer Keys you can download JMI 2020 page also just Go to menu bar, Click on File->then Save.

JMI Class XII Accountancy Question Paper 2020 Download Pdf

Jamia Millia Islamia (JMI) 2020 Class XII Accountancy Sample Question paper Free Download PDF is available in www.oldquestionpapers.net which has been provided by many students this JMI 2020 paper is available for all the students in FREE and also JMI Class XII Accountancy Question paper 2020 fully solved JMI with answer keys and solution.

You can get daily updates on JMI 2020 from www.oldquestionpapers.net here you can also check similar links for other related study materials on JMI Class XII Accountancy (MCQ) Here Jamia Millia Islamia (JMI) Class XII Accountancy question bank 2020 is also available in Class XII Accountancy English Language.

SAMPLE QUESTIONS

Q1. Ruchi Ltd issued 42,000, 7% Debentures of 100 each on 1st April, 2011, redeemable at a premium of 8% on 31St March 2015. The Company decided to create required Debenture Redemption Reserve on 31st March 2014. The company invested the funds as required by law in a fixed deposit with State Bank of India on 1st April, 2014 earning interest @10% per annum. Tax was deducted at source by the bank on interest @10% per annum. Pass necessary Journal Entries regarding issue and redemption of debentures.

Q2. ABC Ltd was a cloth manufacturing company located in Delhi. Being a socially aware organisation they wanted to set up a manufacturing plant in a backward area of Kashmir to provide employment to the local people. On July 17, 2014 a flood had hit the entire state of Jammu & Kashmir causing massive destruction and loss. The company wanted to help the people, so they decided to raise the funds through issuing 50,000 Equity shares of 50 each to set up the plant in the rural area of Kashmir.

Q3. The Goodwill of X ltd. increased from 2, 00,000 in 2013-14 to 3, 50,000 in 2014-15. What will be its treatment while preparing Cash Flow Statement for the year ended 31st March 2015?

Q4. Mudra Ltd. is in the process of preparing its Balance Sheet as per Schedule III, Part I of the Companies Act, 2013 and provides its true and fair view of the financial position.

a) Under which head and sub-head will the company show ‘Stores and Spares’ in its Balance Sheet?
b) What is the accounting treatment of ‘Stores and Spares’ when the Company will calculate its Inventory Turnover Ratio?
c) The management of Mudra Ltd. want to analyse its Financial Statements. State any two objectives of such analysis.
d) Identify the value being followed by Mudra Ltd.

Q5. While navigating in the workbook, which of the following commands is used to move to the beginning of the Current row: