### Jharkhand Board Intermediate Accounts Sample Papers

Jharkhand Board Exam is around the corner and all the students are preparing for the examination and everyone is looking for the JAC Board 12th class accounts sample papers in order to score good marks. Well sample papers not only prepares the student to face the worst but also help them to manage the time and sample papers are given unit wise. So you can view them and start preparing and share this post to your friends.

Question1. Interest on Partners Capital is calculated on:

(1) Capital at beginning

(2) Capital at the end

(3) Average Capital

(4) None of these

Question2. If the partner’s Capital A/C are fixed where will you record the following items:

(1) Salary paid to a partner.

(2) Fresh Capital Introduced by a Partner

(3) Interest on Capital

(4) Interest on drawing.

Question3. At the time of retirement of a partner, his share of goodwill

(1) Credited to retiring partner’s capital A/c

(2) Credited to continuing partner’s capital A/c

(3) Debited to continuing partner’s capital A/c

(4) Both (1) & (2)

Question4. On 1.1.1996 Ashish Khare, Pam and Aman Sirohi were partners sharing profit and loss in the ration of 2/5, 2/5 and 1/5 respectively. On this date Pam retires. The new profit sharing ratio of Ashish Khare and Aman Sirohi will be 3/4 and 1/4 respectively. Calculate gaining ratio.

Question5. JSPL was registered with a Nominal Capital of Rs. 1,00,000 divided into shares of Rs. 10 each. The Company purchased plant for Rs. 50000 from H.E.C. Delhi. Company issued fully paid equity shares of Rs. 10 each in satisfaction of the claim at par. Pass Journal Entries.

Question6. Aditya Birla Ltd. has Rs. 60,000 10% debentures due for redemption. For the purpose redemption of these debentures. Company issued 7000 equity share of Rs. 10 each. Debentures were redeemed out of the proceeds of fresh issue. Pass Necessary Journal issue.

JAC 12th Class Accounts Sample Papers