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Accounting NEB Class 12 Question Paper 2080-2023 Code-1041Q

Accounting | NEB Class 12 Question Paper 2080-2023 | Code-1041Q | PDF Download

Hello dear Class 12 Students Namaste! Today, we are providing you Accounting NEB Class 12 Question Paper 2080-2023 with subject code – 1041 ‘Q’ which examination was held on the year 2080/2023 and you can download the neb grade xii (12) Accounting subject question paper of the year 2080-2023 in PDF format which is only for those students whose registration numbers are 78 and 79. Please check and download pdf file grade 12 Accounting Exam question paper of the year 2023-2080 Nepal. The Exam Question provided below – Accounting NEB Class 12 Question Paper 2080-2023 for the board exam 2079 and onwards. And it is based on the latest NEB Syllabus for 2079 and so on. We will be adding more Exam Question Papers of grade xii- class 12 later on. Scroll down to Download Accounting NEB Class 12 Question Paper 2080-2023 Sub. Code: 1041’Q’ in pdf format which is 2.15 mb in size. Enjoy!

Accounting NEB Class 12 Question Paper 2080-2023 Code-1041Q.

NATIONAL EXAMINATIONS BOARD [NEB]
Accounting
– Grade XII-Class 12
Examination – 2080 (2023)
(New Course)
For students whose registration first numbers are 78 and 79.
Subject Code: 1041 ‘Q’
Time – 3 hrs
Full Marks – 75

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

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Attempt all the questions.

Group – ‘A’

Very short answer questions: 11X1=11

1. State any two contents includes in memorandum of association.

2. State the meaning of calls in advance.

3. Write the meaning of current liabilities.

4. Define process costing.

5. Write the meaning of semi-variable overhead.

6. Give the meaning of material control.

7. What is piece rate system of wages payment ?

8. Define computer software.

9. Prepare adjustment entry of accrued commission Rs. 28,000.

10. From the following information calculate cash flow from operating activities under indirect method.

Net Income Rs. 140,000
Increase in current Assets Rs. 80,000
Non-operating expenses Rs. 40,000

11. If annual requirement are 600,000 units and economic order quantity 30,000 units then find out the number of order.

Group ‘B’

Short answer questions: 8X5=40

12. XYZ company issued 10,000 shares of Rs. 100 each at Rs. 10 premium payable as under.

On application Rs. 30
On allotment Rs. 40 (with premium)
On first and final call Rs. 40

Applications were received for 16,000 shares. No allotment was made to the applicants for 4,000 shares. Rest was allotted on pro-rata basis. All calls were duly made and received except one share holder holding 400 shares paid the full value of shares on allotment.

Required: 1.5+2+1.5

a) Share application
b) Share allotment
c) Share first and final call

13.
(I) A company Ltd. issued 9,000 shares of Rs. 100 each at a premium of Rs. 10 per share to purchase the following assets.

Land and Building Rs. 6,50,000
Office Equipment Rs. 3,40,000

Required: 1+1

Entries for purchase of assest and issue of shares.

(II) A bank issued 5,000, 7% debentures of Rs. 100 each at par. These debentures were redeemed after 5 years at 5% discount.

Required: 1+1+1

Entries for issue and redemption of debentures.

14. The following financial transactions were taken from a company.

Gross profitRs. 5,60,000
Share capitalRs. 6,00,000
Rent expensesRs. 52,000
Salary expensesRs. 96,000
Other incomeRs. 12,000
P & L accountRs. 1,68,000
Fixed assetsRs. 4,00,000
Interest expensesRs. 12,000
Utility expensesRs. 22,000
Discount allowedRs. 14,000

Additional information:

a) Depreciation on fixed assets by 15% p.a.
b) Transfer to general reserve Rs. 55,000
c) Proposed dividend @10% on capital.

Required: 1+4

a) Profit & loss account
b) Profit & loss appropriation account

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