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neb class 12 accounting grade increment supplementary exam paper 2080

NEB Class 12 Accounting Grade Increment (Supplementary) Exam Paper 2080

Dear Class 12 Students Namaste! Today, I’m going to provide you NEB Class 12 Accounting Grade Increment (Supplementary) Exam Paper 2080 with subject code – 1041 ‘A’ which examination was held on the year 2080/2023 and you can download the neb grade xii (12) Accounting subject grade increment (supplementary) exam question paper of the year 2080-2023 in PDF format. Please check and download pdf file grade 12 Accounting Exam question paper of the year 2023-2080 Nepal. The Exam Question provided below – Accounting Grade Increment (Supplementary) Exam Paper 2080 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 Grade Increment (Supplementary) Exam Paper 2080 Sub. Code: 1041’A’ in pdf format which is 2.15 mb in size. Enjoy!

NEB Class 12 Accounting Grade Increment (Supplementary) Exam Paper 2080.

NATIONAL EXAMINATIONS BOARD [NEB]
Accounting

Grade XII-Class 12
Grade Increment (Supplementary)
Examination – 2080 (2023)
(New Course)
Subject Code: 1041 ‘A’
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. Write the meaning of prospectus.

2. What is meant by pro-rata allotment of shares ?

3. State any two items of current assets.

4. State any two limitations of cost accounting.

5. What do you mean by fixed overhead ?

6. Give the clear meaning of decentralized purchasing.

7. Write any two disadvantages of piece wage system.

8. Define accounting masters in computer accounting.

9. Prepare adjustment entry of proposed dividend Rs. 10,000.

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

Net profit Rs. 1,25,000
Depreciation Rs. 40,000
Goodwill written off Rs. 10,000

11. Following information are provided :

Annual requirement 10,000 units.
Carrying cost per unit Rs. 0.40
Ordering cost per order Rs. 80

Group ‘B’

Short answer questions: 8X5=40

12. M Company Ltd. issued 5,000 shares of Rs. 100 each payable as follows:

On application Rs. 20
On allotment Rs. 50
On first and final call Rs. 30

Applications were received for 10,000 shares. Among them, applicants for 3,000 shares were allotted in full, for 3,000 applicants 2,000 on pro-rata basis and rest applicants were refunded. Excess money paid on applications were utilized towards amount due on subsiquent calls.

Required: (Journal Entry For) 1.5+2+1.5

a) Entry for share application
b) Entry for share allotment
c) Entry for first and final call

13.
(I) A Company issue 5,000 share of Rs. 100 each at 10% discount to purchase the following assets.

Plant  & Machinery Rs. 4,00,000
Debtors Rs. 1,00,000
Inventory Rs. 20,000

Required: 1+1

Journal Entries for assets purchase by issuing shares.

(II) B Company issued 400, 9% debentu re of Rs. 1,000 each at 5% discount,  redeemable at 10% premium after 8 years.

Required: 1+1+1

Entries for issue and redemption of debentures.

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