Andhra Pradesh Board Sample Papers for Accountancy
Andhra Pradesh Board Sample Papers for Accountancy
Q1.What is Partnership Deed ?
Q2. Mr. Gupta is a partner in a firm. He drew regularly Rs. 1200 at the end of every month for the six
months ending 30 June 2005. Calculate interest on drawing at 15% p.a. 2
Q3.Give two distinctions between Share and Debentures.
Q4.State the four characteristics of debenture.
Q5.What do you mean by Pro-rata Allotment ?
Q6.What is Gaining Ratio ? How it is calculated ?
Q7.How does the Income and Expenditure account differ from a Profit & Loss Account?
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Q8. P and S are partners sharing profits and losses in the ratio of 3:2. Their books showed goodwill at
Rs. 20,000. R is admitted with 1/5th share which he acquires equally from P and S. R brings Rs. 20,000
as his capital and Rs. 10,000 as his share of goodwill. Profit at the end of the year were the amount of
Rs. 1,00,000. You are required to give journal entries.
Q9.What do you understand by Minimum Subscription and forfeiture of share ?
10.What is Sinking Fund and why it is prepared ?
Q11. A company issued Rs. 10,000 10% Debentures on 1st Jan. 1997. Interest on these debentures is
payable on 31st March and 30th September each year. Pass necessary journal for 1997 assuming that
Income Tax is deducted @ 25% on interest and that accounts are closed on 30th September.
Q12. From the following Receipts and Payments A/c of a club and from the information
supplied, Prepare Income and Expenditure A/c for the year ended 31st Dec. 2000.
To Balance bid 250 By Salaries 1,200
To Subscription By Gen. Expenses 300
1999 250 By Electric Charges 200
2000 1,000 By Books 100
2001 200 By News Papers 400
To Sale of old furniture By Postage 50
(costing 100) 60 By furniture 250
To rent received for the
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