by DeepWebLabs
CBSE-CLASS-XII SERIES
Accountancy

Receipts Payment Account

4 previous year questions.

Volume: 4 Ques
Yield: Medium

High-Yield Trend

4
2024

Chapter Questions
4 MCQs

01
PYQ 2024
easy
accountancy ID: cbse-cla
Sunny and Rohan were partners in a firm sharing profits and losses in the ratio of 2 : 1. Their books showed that the capital employed on 31st March, 2023 was Rs.7,00,000.
The average profits earned by the firm were Rs.90,000.
Calculate the value of goodwill on the basis of 5 years purchase of super profits assuming that the normal rate of return is 10%.
02
PYQ 2024
medium
accountancy ID: cbse-cla
Mahi, Ruhi, and Ginni are partners in a firm sharing profits and losses in the ratio of 6 : 4 : 1. Mahi guaranteed a profit of Rs.50,000 to Ginni. Net profit for the year ending 31 superscript{st March, 2023, was Rs.1,10,000. Mahi’s share in the profit of the firm after giving the guaranteed amount to Ginni will be:}
1
Rs.20,000
2
Rs.60,000
3
Rs.40,000
4
Rs.10,000
03
PYQ 2024
medium
accountancy ID: cbse-cla
Amount of interest to be charged on Hitesh’s drawings will be:
1
Rs.225
2
Rs.4,500
3
Rs.300
4
Rs.7,200
04
PYQ 2024
medium
accountancy ID: cbse-cla
Ruchika and Harshita were partners in a firm. Ruchika had withdrawn Rs.9,000 at the end of each quarter throughout the year. The interest to be charged on Ruchika’s drawings at 6% p.a. will be:
1
Rs.540
2
Rs.2,160
3
Rs.1,080
4
Rs.810

About Receipts Payment Account - CBSE-CLASS-XII

Receipts Payment 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 Receipts Payment 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.

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