by DeepWebLabs
CBSE-CLASS-XII SERIES
Accountancy

Capital Account

4 previous year questions.

Volume: 4 Ques
Yield: Medium

High-Yield Trend

4
2025

Chapter Questions
4 MCQs

01
PYQ 2025
medium
accountancy ID: cbse-cla
The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as ___.
1
Nominal capital
2
Issued capital
3
Reserve capital
4
Subscribed capital
02
PYQ 2025
medium
accountancy ID: cbse-cla
Kajal and Laura were partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted Maddy for share in future profits. Maddy brought ₹ 8,00,000 as his capital and ₹ 4,00,000 as his share of premium for goodwill. Kajal, Laura and Maddy decided to share profits in future in the ratio of 2 : 1 : 1. After all adjustments in respect of goodwill, revaluation of assets and liabilities etc. Kajal’s capital was ₹ 15,00,000 and Laura’s capital was ₹ 8,00,000. It was agreed that partners’ capitals should be in proportion to their new profit sharing ratio. The cash brought in to adjust the capital was made by bringing in or withdrawing the necessary cash as the case may be. The cash brought in by Kajal was:
1

₹100000

2

₹800000

3

₹1600000

4

₹1200000

03
PYQ 2025
medium
accountancy ID: cbse-cla
According to Securities and Exchange Board of India (SEBI) guidelines, minimum subscription of capital cannot be less than 90 of:
1
Authorised capital
2
Issued capital
3
Reserve capital
4
Subscribed capital
04
PYQ 2025
medium
accountancy ID: cbse-cla
Kajal and Laura were partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted Maddy for share in future profits. Maddy brought ₹ 8,00,000 as his capital and ₹ 4,00,000 as his share of premium for goodwill. Kajal, Laura and Maddy decided to share profits in future in the ratio of 2 : 1 : 1. After all adjustments in respect of goodwill, revaluation of assets and liabilities etc. Kajal’s capital was ₹ 15,00,000 and Laura’s capital was ₹ 8,00,000. It was agreed that partners’ capitals should be in proportion to their new profit sharing ratio. The cash brought in to adjust the capital was made by bringing in or withdrawing the necessary cash as the case may be. The cash brought in by Kajal was:

About Capital Account - CBSE-CLASS-XII

Capital Account is a vital chapter for CBSE-CLASS-XII aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.

By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.

Frequently Asked Questions

Why focus on Capital Account PYQs?

Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.

How to best use this analysis?

Review the topic breakdown to see which sub-topics within Capital Account carry the most weight. Then, tackle the questions iteratively to solidify your understanding.