MODEL PAPER 2025 — Accountancy STD 12 Commerce — Question

Divident is usually paid:

1. On Authorised Capital
2. On Ussued Capital
3. On Paid-up Capital
4. On Called-up Capital

As Per Cash Flow Statement, when a firm invests in fixed assets and short-term financial investments results into:

1. Deceased Cash Outflow
2. Deceased Cash Inflow
3. Increased Cash Inflow
4. Increased Cash Outflow

Debenture is a :

1. Loan certificate
2. Cash certificate
3. Credit certificate
4. None of these

Oustensible partners are those who:

1. Do not contribute any capital but get some share of profit for lending their name to the business.
2. Contribute very less capital but get equal profit.
3. Do not contribute any capital and without having any interest in the business, lend their name to the business.
4. Contribute maximum capital of the business.

The paid-up capital of Mukund Ltd. is Rs 18,00,000. The company decided to propose a dividend of Rs 2,16,000 out of current profit. How much of current profit is to be transferred to reserve?

1. At least 2.5 %
2. At least 5 %
3. At least 10 %
4. None of the above

The following journal entry appears in the books of X Co. Ltd.

Bank a/c	Dr.	4,75,000
Loss on issue of debenture a/c	Dr.	75,000
To 12% Debentures a/c			5,00,000
To Premium on Redemption of Debenture A/c			50,000

Debentures have been issued at a discount of:

1. 15%,
2. 5%,
3. 10%.

The form of Balance Sheet as per Companies Act, 2013 is:

1. Horizontal
2. Horizontal or Vertical
3. Vertical
4. None of these

Which of the following shows the actual financial position of n enterprise?

1. Fund Flow
2. Balance Sheet
3. P & L A/c
4. Ratio Analysis

Types of fixed assets are ______.

1. Tangible asset
2. Intangible asset
3. None of the bove
4. Both A & B

Which statement is prepared to show resources and obligations for acquiring its resources?

1. Statement of fund flow
2. Statement of cash flow
3. Statement of balance sheet
4. Statement of profit & loss