HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION 

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION




HSC Accounts March 2020 Board Paper With Solution.

HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 

HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 


HSC Accounts March 2020 Board Paper With Solution.
HSC Accounts March 2020 Board Paper With Solution. 



Methods of Capital Accounts

Methods of Capital Accounts
Amount in cash or kind brought in by the partner to manage business activities is termed as Capital. Partners maintain and operate some methods of the Capital Accounts. The two methods of Capital Accounts are discussed below.

Methods of Capital Accounts
Methods of Capital Accounts


Fixed Capital Method:
In this method the amount of capital of a partner remains the same at the end of that financial year. There is no addition or subtraction from capital during the year. When this method is adopted partner's open a new account in the name of the partner's Current Account and all the related to capital adjustments are solved through the Partner's Current Account. For example, Drawings. Interest on Drawings, Interest on Capital, Partner's Salary, Commission, Brokerage, Share of Profit and Losses are recorded in the Current Account.
Fixed Capital Method
Fixed Capital Method
Journal Entries
1)  When additional capital is introduced by a partners
Cash / Bank A/c ..................... Dr. 
To Partners Capital A/c
(Being additional capital introduced into the business)
2)  When capital amount is brought in by a Partner in form of Assets
Assets A/c .................. Dr. 
To Partners Capital A/c
(Being additional capital brought in kind)

Partner's Current Accounts:
When fixed capital method is adopted by the partnership firm, a new separate account is opened i.e. 'Partner's Current Account'. In this account all adjustments related to capital are recorded. Partner's Current Account may show debit or credit balance.
1)  Drawings made by the partner in the current accounting year
2)  Goods or any assets taken over by the partner.
3)  Interest on partners capital allowed by the firm.
4)  Interest on partners drawings charged by the firm.
5)  Salary, Commission etc. payable to the partner.
6)  Distribution of Profit or Loss of the firm.
Partner's Current Accounts:
Partner's Current Accounts:
1)  Interest allowed on partner's capital
a)  Interest on Capital A/c ............................................................Dr. 
To Partners Capital A/c/ Current Account
(Being interest due on capital)

b)  Profit and Loss A/C ................................................................Dr
To interest on Capital A/C
(Being interest on Capital transferred to profit and loss account)

2)  Salary or Commission allowed to partners
a)  Salary or Commission in Partner A/c.....................................Dr. 
To Partners Current A/c / Capital Account ....................
(Being Salary or Commission due for payment)

b)  Profit and Loss A/C ................................................................Dr
To Salaries/ Commission A/C ......................................... 
(Being Salary/ Commission transferred to Profit and Loss A/C)

3)  Cash or Goods taken over by the partners for their personal use.
a)  Drawing A/c............................................................................Dr. 
To Cash or Goods A/C
(Being cash or goods withdrawn for personal use)
b)  Partners Current A/c / Capital A/c..........................................Dr
To Drawing A/c
(Being balance on account transferred to current A/c)

4)  Interest charged on drawing of the partners
a)  Partners Current A/c / Capital A/c..........................................Dr. 

To Interest on Drawing account
(Being interest charged on Drawing)
b)  Interest on Drawings A/C ....................................................... Dr
To Profit and Loss A/C
(Being interest on Drawings transferred to profit and loss account)

5) Transfer of Net Profit
Profit and loss A/c ..........................................................................Dr. 
To Partners Current A/c / Capital A/c
(Being profit transferred to Partner's Current / Capital Account)

6) Distribution of Net loss :
Partners Current A/c / Capital A/c ..................................................Dr. 
To Profit and Loss A/c
(Being loss adjusted to Partners Current / Capital Account)



Fluctuating capital method :
In this method, the amount of capital balance changes every year. It is called the fluctuating capital method. In this method the partner's current account is not opened. Hence all adjustments are solved through Capital Account. Following are the general adjustments related to capital.
1)  Initial or Opening Balance of capital
2)  Additional Capital brought in by the partners in Cash or in kind.
3)  Salary / Commission payable to partner
4)  Interest payable on capital balance to partner
5)  Drawings made during the year and interest payable on drawings by the partner
6)  Withdrawal of part of the capital by the partner
7)  Division and transfer of net disposable profit or net adjustable loss of the firm.

Proforma of Fluctuating Capital Method.
Proforma of Fluctuating Capital Method
Proforma of Fluctuating Capital Method

Provision of the Indian Partnership act 1932:

Provision of the Indian Partnership act 1932:
At the time of formation of partnership firm, a document is prepared called as partnership deed and all terms and conditions are mentioned into the deed, but if the partnership deed is silent about any point then this issue is solved as per the provisions in Partnership Act 1932 section no 12 and 17 are made applicable to determine the following issues.
1)  Distribution of profit : If the partnership deed is silent about the profit sharing ratio, then the profit and losses are distributed among the partners is equal ratio.
2)  Interest on drawings : As per the provision of Indian Partnership Act 1932, if the date of drawing is not given then average of six month's interest is charged on drawings.
3)  Interest on partner's loan : If the partner provides additional amount to the business as loan, but rate of interest on loan is not given then 6% p.a. interest is allowed.
4)  Interest on capital : If the partnership deed is silent about interest on capital then interest is not allowed.
5)  Salary or commission to Partners : As per the provision made in the Indian Partnership Act 1932 no salary, commission, allowance or any remuneration is to be given to any of the partners for any extra work done for the firm, However, if any provision is made in partnership deed, then partners are entitled to get commission or salary as per the agree- ment.
6)  Admission of a new partner : As per the provisions of the Indian Partnership Act 1932, no outside person can be admitted into the firm as a partner without the consent of other partners.

PARTNERSHIP DEED

PARTNERSHIP DEED
The document containing the partnership agreement among partners is called Partnership Deed. It contains the terms and conditions which are agreed upon by all the partners. An agreement may be written or oral but when it's written, it's called a deed.
The Partnership Act doesn't make it compulsory to have a written agreement. However, in case of dispute among the partners, it is always in the best course to have a written agreement duly signed (by all the respective partners) and registered under the Act. Partnership Deed contains the rules and regulation framed for the internal Management of the firm. It is also an Article of Partnership.
PARTNERSHIP DEED
PARTNERSHIP DEED


Contents of the Partnership Deed
1)  Name and address of the firm and its main business.
2)  Name and address of all partners and duration of the partnership.
3)  Capital contribution of all the partners
4)  Ratio in which profits (and losses) are to be shared.
5)  Rights, duties and liabilities of the partners.
6)  Provisions related to admission, retirement,death etc. of a partner.
7)  Rate of interest on capital, loan, drawings etc.
8)  Salaries, commission, etc. if payable to any partners.
9)  Settlement of accounts on dissolution of the firm.
10)  Method of settlement of disputes among the partners.
11)  Any other matter relating to the conduct of business.

Importance of Partnership Deed
Partnership Deed  
Partnership deed is a very important document because it is the written agreement which contains all the terms and conditions of the partnership business. It forms the basis of mutual relationship among the partners. Moreover, partnership deeds regulate the rights, duties and liabilities of all the partners as well as of the firm. So by having partnership deed partners disputes in future may be avoided.
Hence it is always in favour, to have a written agreement i.e. partnership deed duly signed by all the partners and registered under the Indian Partnership Act 1932.

Features of Partnership Firm

Features of Partnership Firm
Features of Partnership Firm
Features of Partnership Firm

1)  Agreement :- Partnership is a result of agreement between partners. It could be written or oral. A written agreement is preferred so that it can be used as a proof in the court of law & such written agreement is known as “Partnership Deed.”
2)  Number of Partners :- Minimum two partners are needed to start partnership firm and the maximum number of partners are fifty according to companies Act 2013 (Amended in 2014)
3)  Lawful business :- Business undertaken by partnership should be lawful. It cannot undertake business which is not allowed by state. The definition of Partnership also does not permit any illegal business.
4)  Sharing of Profit and losses :- The purpose of partnership is to earn maximum profits. Partners have to share profits & losses according to the ratio given in the agreement. If the agreement is silent about the ratio then profit and loss sharing will be equal.
5)  Unlimited Liability :- The liability of partners is unlimited joint and several that is, partners are liable till the last rupee in their pocket. If assets of business is not sufficient to pay liabilities, then personal property of partners can be used. If anyone of the partner is declared in solvent then his liability will be borne by the solvent partner.
6)  Registrations :- Registration of partnership firm is compulsory only in the state of Maharashtra with effect from 1st April 2005. According to Indian Partnership Act, 1932, registration of partnership firm is optional it means a firm may or may not be registered. Registration of firm merely certifies its existence and it is a process of entering the name of Partnership Firm in the register of Registrar.
7)  Joint Ownership & Management :- Each partner is joint owner of the property of the firm, so no partner can use property for personal use. All partners have equal rights in managing the firm. So all partners are jointly responsible for the management of firm.
8)  Principal and Agent :- Each partner works in two fold capacities i.e. principal and Agent. A partner acts as a principal of the firm with outsiders and with other partners he acts as an agent.
9) Dissolution :- A partnership firm can be dissolved through agreement between the partner. If a partner wants to close the firm he can dissolve the firm by giving fourteen days notice. The firm can also be dissolved if a partner dies or retires, becomes insolvent or insane.

Meaning and Definition of Partnership :

Meaning and Definition of Partnership :
Partnership is an organisation where there is an association of two or more persons coming together to carry on a business with a view to share Profit or Losses of a firm.

Meaning and Definition of Partnership :
Meaning and Definition of Partnership :

Definition :
Indian Partnership Act 1932 Section 4 defines the partnership as, "It is the relation between persons who have agreed to share the profits of a business carried on by all or anyone of them acting for all."
According to Prof. Handy, "Partnership is the relation existing between persons competent to make a contract, who agree to carry on a lawful business in common with a view to earn private gain.

5 Secret Techniques to Score High in Science Board Exam

5 Secret Techniques to Score High in Science Board Exam

CBSE board examination for class 10 Science is to be held on 16th March 2018. Science and Mathematics are considered the most important subjects as chances to score full in these subjects are high. On the other hand, many students fail to score high in these exams as they take these subjects as harder one. But, we assure you that with a little planning and strategic efforts any students can pass this hurdle and come up with flying colours. Here we are giving you last day tips for class 10th Science Exam. These tips will help you SCORE MORE in CBSE Science exam.

1 Solve Previous Years Papers -

By this time almost all students have gone through their syllabus completely. Even the first phase of revision would have been finished also. What next? Last day is the time to stress upon the revision of some important topics - topics which carry more weightage. Our expert’s team suggests that you should give stress on the following topics. 

• In Biology: Heredity and Evolution, Life Processes, Control and Coordination  

• In Chemistry: Carbon and its compounds

• In Physics: Electricity, Light Reflection and Refraction

Previous papers analysis throws light on the fact that ~25% questions in Board exams are usually repeated from previous exams. Hence, the best way for students to prepare and revise for board exams is to solve previous years` question papers. This way students will get a better understanding of the question pattern which can further help to do effective revision.


S.No.
Chapters
Estimated Marks
Chap1
Chemical Reaction And Equations
3
Chap2
Acids, Bases And Salts
5
Chap3
Metals and Non-Metals
5
Chap4
Carbon and Its Compounds
7
Chap5
Classification Of Elements
5
Chap6
Life Processes
5
Chap7
Control and Coordination
6
Chap8
How Do Organism Reproduce
6
Chap9
Heredity and Evolution
6
Chap10
Light Reflection and Refraction
5
Chap11
The Human Eye and The Colourful World
7
Chap12
Electricity
5
Chap13
Magnetic Effects Of Electric Current
8
Chap14
Sources of Energy
2
Chap15
Our Environment
5
Chap16
Management Of Natural Resources

A very good analysis of previous 10 years papers with topic wise and chapter wise division is available in MTG’s CBSE Champion Chapterwise-Topicwise –Science for Class 10. Though the time is too less, you can easily get the book in Kindle edition on an instant basis and take the benefit of MTG expertise.

2 Prioritize in First 15 Minutes -

The first 15 minutes are allotted for reading the question paper. Read the instructions carefully and then quickly go through the questions one-by-one. Tick the questions which are easy to solve. Students should set their priorities for solving the paper, starting from easier questions. Proper time management is an essential key to attempting a board exam completely within the given time frame, so students should divide the time judiciously. Students should also keep some time for revision after they have solved the question paper. 

3 Never Forget Marking Scheme -

It is generally seen while writing the answers, students pour out whatever they know. This not only puts a negative impression on the examiner, also takes away some of your precious time which you may use to answer more questions. This habit sometimes results in insufficient time to complete the paper. 
The examiner assigns marks for certain definite points, key terms, formulae and steps given in answers. So, it is advised that students should present their answers under word limit, must follow a hierarchy of relevance, from the most important to the least. 

4 Scoring Marks is All About Presentation -

Along with writing the correct and appropriate answers, the presentation also matters a lot. That actually prompts the examiner to read the answer and evaluate properly. 

7 tips and suggestions to make your answer paper presentable:

1. Draw a 3cm border on both sides of the page of your answer sheet. On the left side, you will write the serial number of the question clearly and on the right side, you can do your rough work. This will allow you to do rough work on the same writing space without making your answer sheet looking confusing.

2. Write the question numbers properly. It should be clearly visible. 

3. Write the answers in a legible writing with properly spaced words which are neither too close nor too far away.

4. Try to write most of the answers in points or bullets with properly highlighted headers and subheaders. Make the important points, keywords, steps, etc. highlighted/underlined.

5. Try to support your answers with as many diagrams, tables, charts, etc., as possible (but only for 3-5 marks questions). It increases the visual appeal of the answer as compared to text presentation.

6. Give a proper spacing between two consecutive answers.

7. Avoid scribbling or overwriting as it will make your answer sheet look messy. Strike off only once if you want to cut any information/word in your answer.

5 Try Attempting All Questions -


Since there is no negative marking, try attempting all questions. Always write the formula in any numerical based question. Put all steps while answering the question. If the answer value is wrong but the other calculation and formula is right you will get some marks.

Try to answer in sequence but do not waste time on any question you are stuck at. Students can come back to such questions later as soon as they finish with the rest of the paper.

All the Best!