Also Refer: ACCOUNTS LATEST BOARD PAPER MARCH 2022 WITH SOLUTION.
HSC Accounts March 2020 Board Paper With Solution.
Book Keeping & Accountancy (50)
March 2020 Board Paper with Solution
Q.1. Attempt any Three of the Following sub-questions:
(A) Answer the following questions in only 'one' sentence each. (5)
(1) Answer:
The person who draws or makes the bill of exchange is called the drawer. He is the creditor. He will receive the money from the debtor.
(2) Answer:
Dissolution means termination of the existing relationship between the partners of a firm. It means that the business will come to an end and the firm will wind up its business.
(3) Answer:
A balance sheet is a statement showing the financial position of the firm at a particular date.
(4) Answer:
A statement which shows inflow and outflow of cash and cash equivalents from operating, investing and financing activities during a specific period.
(5) Answer:
Capital Receipts are those receipts which are non – recurring in nature and not forming a part of regular flow of income of a concern. E.g. specific donation received for construction of a building.
(B) Write a word / term / phrase as a substitute for each of the following statements: (5)
(1) Answer:
Dissolution Expenses / Realisation Expenses
(2) Answer:
Gross Profit Ratio
(3) Answer:
Legacies
(4) Answer:
Nominal partner.
(5) Answer:
Retirement of Bill of Exchange
(C) Select the most appropriate alternative from the choices given below and rewrite the statements:
(1) Answer:
Rs. 90,000
(2) Answer:
1881
(3) Answer:
5:2
(4) Answer:
at discount
(5) Answer:
14th August, 2016
(D) State whether the following statements are True or False:
(1) Answer:
False
(2) Answer:
True
(3) Answer:
False
(4) Answer:
False
(5) Answer:
True
(E) Prepare a format of Bill of Exchange from the following information. (5)
Solution:
Single Entry Solution March 2020 Board Paper Accounts HSC
In the books of Shri Amar
Statement of Affairs as on 31st March, 2016.
Statement of Profit or Loss For the year ended 31st March, 2016.
Admission of Partner Solution March 2020 Board Paper Accounts HSC
In the books of the Firm
Revaluation A/c
Partners Current A/c
Balance Sheet as on 1st April 2017
Cash A/c
Goodwill A/c
Bills of Exchange Solution March 2020 Board Question.
Journal Entries in the books of Meenakshi (Drawer)
In the Books of Meenakshi
Neeta’s A/c
Book-keeping and Accountancy 12th Standard
HSC Maharashtra State Board. Latest Syllabus.
Chapter 1: Introduction to Partnership and Partnership Final Accounts
Chapter 2: Accounts of ‘Not for Profit’ Concerns
Chapter 3: Reconstitution of Partnership (Admission of Partner)
Chapter 4: Reconstitution of Partnership (Retirement of Partner)
Chapter 5: Reconstitution of Partnership (Death of Partner)
Chapter 6: Dissolution of Partnership Firm
Chapter 8: Company Accounts - Issue of Shares
ACCOUNTS BOARD PAPERS
HSC Accounts March 2020 Board Paper With Solution
MARCH 2014 : View | PDF Download
OCTOBER 2014 View | PDF Download
MARCH 2015 View | PDF Download
JULY 2015 View | PDF Download
MARCH 2016 View | PDF Download
JULY 2016 View | PDF Download
JULY 2017 View | PDF Download
MARCH 2017 View | PDF Download
MARCH 2018 View | PDF Download
JULY 2018 View | PDF Download
MARCH 2019 View | PDF Download
MARCH 2020 View | PDF Download