Principles of Accounting-II | 224B | NEB | Class 12 | Question Paper 2076 [2019]

Question paper of Grade 12/xii Principles of Accounting II having subject code 224b of the year 2076/2019.

Principles of Accounting II 224B NEB Class 12 Question Paper of the year 2076-2019. Check and download in pdf format – National Examinations Board (NEB) exam paper of Principles of Accounting II subject of the year 2076-2019.

National Examinations Board [NEB]

Principles of Accounting II – Class/Grade 12/XII

Examination – 2076 (2019)

Regular Students | Subject Code: 224 ‘B’

Time – 3 hrs

Full Marks – 100

Pass Marks: 35 (Only for partial students)

View and check Principles of Accounting II 224B NEB Class 12 Question Paper of the year 2076-2019.

DOWNLOAD in PDF | Question Paper (Exam Paper) of | Principles of Accounting II | Class 12, Grade 12-XII Sub. Code-224B of the year 2076 [2019] National Examination Board (NEB).

Also Check:

Download in PDF | Class/Grade 12/XII | NEB Mathematics | Question (Exam) Paper| Subject Code-216B | 2076/2019.

Download in PDF | Class/Grade 12/XII | NEB Chemistry | Question (Exam) Paper| Subject Code-212C | 2076/2019.

Download in PDF | Class/Grade 12/XII | NEB Physics | Question (Exam) Paper| Subject Code-210B | 2076/2019.

Download in PDF | Class/Grade 12/XII | NEB Biology | Question (Exam) Paper| Subject Code-214B | 2076/2019.

Download in PDF | Class/Grade 12/XII | NEB Biology | Question (Exam) Paper| Subject Code-214C | 2076/2019.

Download in PDF | Class/Grade 12/XII | NEB Compulsory English | Question (Exam) Paper| Subject Code-004B | 2076/2019.

Download in PDF | Class/Grade 12/XII | NEB Principles of Accounting II | Question (Exam) Paper| Subject Code-224B | 2076/2019.

Candidates are required to give their answers in their own words as far as practicable. The figures in the margin indicate full marks.

1. Mention any three characteristics of the company. [3]

2. Write in brief about memorandum of association. [2]

3. State any three limitations of financial statement analysis. [3]

4. Write the meaning of working capital. [2]

5. Clarify the meaning of cost accounting stating its any two objectives. [3]

6. Classify cost on the basis of element. [2]

7. State any two differences between time system and piece wage system. [2]

8. State any three objectives of stores control. [3]

9. The following informations are provided regarding the shares:

– 20,000 applications were received on the issued of 10,000 ordinary shares of Rs. 100 each at a premium of 10%.

– The shares were issued payable as under:

On applications: Rs. 30 per share

On allotment: Rs. 40 per share

On First and final call: Rs. 40 per share

– Allotment were made as under:

4,000 Applicants: Full

4,000 Applicants: Nil

12,000 Applicants: 6,000

– All calls were made and duly received. On allotment a shareholder holding 500 shares paid the full value of shares.

Required:

Journal entries for application, allotment and final call. [6]

10. A company forfeited 200 shares of Rs. 100 each of a shareholder for non payment of final call of Rs. 40 per share. Of the forfeited share, 100 shares were issued at Rs. 80 per share.

Required:-

Journal entries for forfeiture, re-issue and transfer. [3]

11. D co. Ltd. accepted the following assets and liabilities of P co. Ltd.:

Furnitures: Rs. 50,000

Machinery: Rs. 60,000

Sundry creditors: Rs. 30,000

Bills receivable: Rs. 15,000

Sundry debtors: Rs. 15,000

Inventories: Rs. 25,000

D company paid the purchase price of Rs. 1,80,000 by issuing shares of Rs. 100 each at a discount of 10%.

Required:-

Entries for purchase of business. [3]

12. A company Ltd. issued 8,000, 10% debentures at a discount of 10% and redeemable after 5 years at a premium of 5%.

Required:-

Entries for issue and redemption of debentures. [4]

13. The trial balance of a limited company as on 31st Chaitra, 2074 is given below:

Trial Balance 31 Chaitra 2074

Additional information:

– 5% depreciation to be charged on furniture.

– Prepaid wage Rs. 6,000

– General expenses payable Rs. 5,000

– Proposed dividend 20% on share capital.

Required:

i. Adjustment entries

ii. Work sheet [2+6=8]

14. The following trial balance of ABC company for the year ending 31st December, 2017 is given:

Trial Balance 31 December 2017

Additional information:

– Closing stock: Rs. 80,000

– Baddebt written off on debtor: @5%

– Outstanding salaries: Rs. 30,000

– Unearned commission: Rs. 10, 000

– Proposed dividend: @10%

Required:-

(i) Trading Account

(ii) Profit and Loss Account

(iii) Profit and Loss Appropriation Account

(iv) Balance Sheet

15. Following informations are given:-

Debtors – Rs.40,000

Creditors – Rs. 80,000

Debtors turnover ratio – 10 times

Cash balance – Rs. 24,000

Closing stock – Rs. 96,000

Gross Profit – Rs. 80,000

Net Profit – Rs. 50,000

Required:-

(i) Current Ratio

(ii) Quick Ratio

(iii) Sales Amount

(iv) Gross Profit Ratio

(v) Net Profit Ratio [5]

16. Following informations are provided:-

(i) Patent written off – Rs. 10,000

(ii) Purchase of fixed assets – Rs. 2,00,000

(iii) Sales of fixed assets – Rs. 15,000

(iv) Depreciation on fixed assets – Rs. 90,000

(v) Issue of share capital – Rs. 2,00,000

(vi) Net profit of the year – Rs. 1,80,000

(vii) Profit on sale of fixed assets – Rs. 6,000

Required:-

i) Funds from operation

ii) Funds Flow Statement [3+2=5]

17. The main transaction of a limited company for this year are as under:

The closing balances of different assets and liabilities are as under: (in Rs.)

Cash Flow Statement

Required:-

Cash Flow Statement [10]

18. The stores transactions for the last month are as under:

Store Transactions

Required:-

Stores ledger under First-in First-out Method. [5]

19. Following details are available:

Re-order level – 6,000 units

Minimum consumption – 400 units

Re-order period – 10 to 30 days

Maximum stock level – 10,000 units

Required:-

Re-order quantity [2]

20. The following informations are given:

Normal wages rate per hour – Rs. 200

Normal time per unit – Rs. 30 minutes

Output produced by a worker – 40 units

Required:-

Wages of a worker by using piece rate system [2]

21. The information regarding the cost records of the last month is as under:

Direct materials consumption – Rs. 2,50,000

Direct labour cost – Rs. 2,50,000

Factory overhead – Rs. 3,00,000

Office overhead – Rs. 2,00,000

Overheads are to be allocated as under:

– Factory overhead: on the basis of direct labour cost

– Administrative overhead: on the basis of factory cost

Following costs estimation were made for submitting the tender:

– Direct material: – Rs. 1,25,000

– Direct labour: – Rs. 80,000

– Profit: – 20% of sales

Required:-

Cost sheet showing:

i) Cost sheet of last month

ii) Tender sheet [3+7=10]

22. On reconciliation of Financial and Cost Accounting, following informations were disclosed:

i) Profit shown by Cost Account Rs. 80,000

ii)) Works overhead under recovered in Cost Account Rs. 5,000

iii) Office overhead under recovered in Financial Account Rs. 10,000

iv) Depreciation under charge in Cost Account Rs. 6,000

v) A profit on sale of fixed assets was shown on Financial Account  Rs. 5,000

Required:-

Reconciliation of Cost and Financial Account. [5]

View 2076/2019 Question Paper of Principles of Accounting Class 12, Grade 12-XII| Sub. Code: 224B | National Examination Board (NEB).

Download neb principles of accounting ii question paper 2076-2019 in pdf format.
2076-2019 Class 12 Principles of accounting ii exam papers.
Principles of accounting Grade 12 Question Paper 2076-2019 Nepal.
Where to find exam papers of account Nepal 2076-2019?
Account Grade 12 Class 12 Question Paper of the year 2076 Nepal.
Check 2076-2019 question paper of principles of accounting neb class 12.
Class 12 Account Question Paper solution 2076-2019.
Easy download Account Question Paper 2076-2019.

Check Also

Hotel Management | 170 | NEB | Class 11 | Question Paper 2076 [2019]

Exam paper of Hotel Management of Class/Grade 11/xi having subject code 170 of the year …

Leave a Reply

Your email address will not be published. Required fields are marked *

77 − 73 =