Home Uncategorized HSC Accounts Paper Solution March 2023 -Maharashtra Class 12th

HSC Accounts Paper Solution March 2023 -Maharashtra Class 12th

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Solution for Maharashtra HSC Commerce Class 12 Book Keeping & Accountancy March 2023

Academic Year : 2022-23

Q1 (A) Write the word/phrase/term which can substitute each of the following
statements:
  1. Credit balance of profit and loss account – Net Profit
  2. Donation received for a specific purpose – Capital Receipt
  3. The ratio which is obtained after deducting old ratio from new ratio – Gain Ratio
  4. Expenses incurred on dissolution of firm – Dissolution/Realisation Expenses
  5. Tally software is classified into this category – Mercantile
Q1 (B) Calculate the following:
  1. Calculate 12.5% p.a. depreciation on furniture
    (a) On 2,20,000 for 1 year (b) On 10,000 for 6 months : ₹625
  2. Library books _________ Less 10% Depreciation 5,000 = ` 45,000 : ₹50,000
  3. Apte and Bhate are sharing profits and losses in the ratio 3:2, if Kate is admitted at
    ¼ share then calculate new profit sharing ratio : 9:6:5
  4. Ganesh draws a bill for ` 40,000 on 15th January, 2020 for 2 months. He
    discounted the bill with bank of India @ 15% p.a. on the same day. Calculate the
    amount of discount : ₹1,000
  5. From the following information, calculate Current Assets :
    Debtors 60,000, Creditors 30,000, Bills Payable 20,000, Stock 30,000,
    Loose tools 10,000, Bank Overdraft 10,000 : ₹1,00,000
Q1 (C) Do you AGREE/DISAGREE with the following statements :
  1. Partnership is an association of two or more persons : AGREE
  2. Not for profit concerns do not prepare Balance Sheet : DISAGREE
  3. Retiring partner is not entitled to share in general reserve and accumulated profit : DISAGREE
  4. Dissolution takes place when the relation among the partners comes to an end : AGREE
  5. The Authorized Capital is also known as Nominal Capital : AGREE
Q1 (D) Select the most appropriate alternative from those given below and rewrite
the statements :
  1. Maximum numbers of partners in firm are _ according to Companies Act
    2013
    (a) 10 (b) 25 (c) 20 (d) 50
  2. Income and expenditure account is a __ account
    (a) Capital (b) Real
    (c) Personal (d) Nominal
  3. If asset is taken over by the partner _ account is debited
    (a) Revaluation (b) Capital
    (b) Asset (d) Balance Sheet
  4. Death is compulsory __
    (a) dissolution (b) admission
    (c) retirement (d) winding up
  5. The person on whom a bill is drawn is called a _
    (a) drawee (b) payee
    (c) drawer (d) acceptor
Question 2 (i)
Solution :

Question 2 (ii)
Solution

Question 3 (i)
Solution

Question 3 (ii)
Solution

Question 4 (i)
Solution

Question 4 (ii)
Solution

Question 5 (i)
Solution

Question 5 (ii)
Solution

Question 6
Solution

Question 7
Solution

Q1 (A) Write the word/phrase/term which can substitute each of the following
  1. Credit balance of profit and loss account – Net Profit
  2. Donation received for a specific purpose – Capital Receipt
  3. The ratio which is obtained after deducting old ratio from new ratio – Gain Ratio
  4. Expenses incurred on dissolution of firm – Dissolution/Realisation Expenses
  5. Tally software is classified into this category – Mercantile

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  41. Hi Everyone at commercelearning.in,

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    I’m a educator in hospitality. In addition to teaching, I offer a specialized Hotel Receptionist Training program designed for anyone interested in gain or upgrade skills in the hotel industry. Whether you’re curious about the hotel front desk job description, looking to better understand the hotel receptionist job duties, or exploring the hotel receptionist job profile, this training has something for everyone. It covers all aspects of the hotel receptionist job, including anin-depth look at the hotel receptionist job description, essential hotel receptionist job responsibilities, and therequired hotel receptionist qualifications for success.

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    If this sounds useful, I encourage you to visit my website to explore the comprehensive training videos and materials available: https://www.hotelreceptionisttraining.com/homepage

    You can also check out what others have to say about the program in the https://www.hotelreceptionisttraining.com/revews. It’s a great way to see how the program has helped others in similar positions!

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    I’m a educator in hospitality. In addition to teaching, I offer a specialized Hotel Receptionist Training program perfect for anyone looking to gain or sharpen skills in the hotel industry. Whether you’re interested in the hotel front desk job description, looking to better understand the hotel receptionist job duties, or interested in the hotel receptionist job profile, this training has something for everyone. It covers all aspects of the hotel receptionist job, including anin-depth look at the hotel receptionist job description, key hotel receptionist job responsibilities, and thenecessary hotel receptionist qualifications for success.

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    If this sounds interesting, I encourage you to visit my website to explore the wide range of training videos and materials available: https://www.hotelreceptionisttraining.com/homepage

    You can also check out what others have to say about the program in the https://www.hotelreceptionisttraining.com/revews. It’s a great way to see how the program has helped others in similar positions!

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  44. Hi Everyone at commercelearning.in,

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    I’m a educator in hospitality. In addition to teaching, I offer a specialized Hotel Receptionist Training program designed for anyone interested in gain or upgrade skills in the hotel industry. Whether you’re interested in the hotel front desk job description, looking to better understand the hotel receptionist job duties, or interested in the hotel receptionist job profile, this training has something for everyone. It covers all aspects of the hotel receptionist job, including ancomprehensive look at the hotel receptionist job description, essential hotel receptionist job responsibilities, and therequired hotel receptionist qualifications for success.

    If you’re considering a career in hospitality, you’ll find this program incredibly useful forunderstanding the job description of the front desk receptionist in hotel settings, mastering the hotel check-in process, and learning how to handle hotel guest complaints effectively. The training also covers the hotel receptionist job role, including crucial hotel receptionist responsibilities that are part of everyday operations. Whether you’re aiming for a hotel night receptionist job or want to learn more about hotel receptionist roles and hotel reservation systems, this program provides a complete package.
    Our training is perfect for all levels, including those who are new to the hotel receptionist position or anyone looking to advance in hotel receptionist schools. It even includes specialized modules on the job duties of front desk receptionist and the crucial processes involved in the hotel check-out procedure.
    If this sounds interesting, I invite you to visit my website to explore the wide range of training videos and materials available: https://www.hotelreceptionisttraining.com/homepage

    You can also check out what others have to say about the program in the https://www.hotelreceptionisttraining.com/revews. It’s a great way to see how the program has helped others in similar positions!

    I’d be appreciative if the great team at commercelearning.in could kindly approve my post here, and I’m confident that your community will find the training as valuable as I’ve found your platform.

    Thank you for your time and consideration!
    Best regards,

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