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Karnataka 2nd PUC Accounts Previous Year Question Paper

Accountancy is one of the most important subjects affiliated to Commerce stream and most of the students face difficulty in this subject. As accountancy is based on the some typical terms so students face problem. Accountancy creates a huge hindrance in the min of students.  So this post is about Karnataka 2nd PUC Accountancy previous year question papers. Kar 12th Board Accountancy Sample Question Papers are provided at the end of this page so that you can practice well for the exam.

Question1.  Give journal entry for transferring profit on revaluation account in admission of a partner.

Question 2. What is payroll accounting and database system?

Question 3.  Prepare an Income and Expenditure Account with five imaginary figures.

Question 4.  Uma and Suma are partners sharing profits and losses in the proportion 3:2 respectively. They agree to admit Rashmi as a new partner. Future profits and losses are to be shared between all partners in the proportion of 8:7:5 respectively.

Find out the sacrifice ratio of old partners.

Question 5. Sri Bharath kept his books under single entry system. He provided the following information.

Particulars As in 01.01.2009

(In Rs.)

As on 31.12.2009

(In Rs.)

Cash

Bank overdraft

Bills receivable

Debtors

Stock

Furniture

Machinery

Bill payable

Creditors

Buildings

10,000

20,000

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16,000

30,000

24,000

20,000

30,000

6,000

14,000

50,000

16,000

14,000

20,000

40,000

28,000

20,000

30,000

10,000

16,000

50,000

During the year he has withdrawn cash Rs. 13,000 and goods worth Rs. 7,000 for his personal use.  He has also introduced Rs. 12,000 as an additional capital on 01. 04 .2009

Adjustments:

  1. Reserve 5% on debtors for bad debts
  2. Allow interest on capita; at 12% P.A
  3. Depreciate machinery by 10% P.A and furniture by 5% P.A.
  4. Appreciate buildings by 20% P.A
  5. Salary payable Rs 1,000 and commission receivable Rs. 2,000.

Prepare:

  • Statement of affairs.
  • Statement of profit or loss
  • Revised statement of affairs.
 Paper 1 Paper 2 Paper 3

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