067/2/4 Answer Key PDF download at official website. CBSE Accountancy Term 1 Exam 2021-2022 conducted today 13th December 2021 on 11:30 AM to 01:00 PM. Examination duration is one hour thirty minutes. Examination type is multiple choice questions. Central Board of Secondary Education soon published official key paper and later released term 1 results at official website.
Here it is the first question from 067/2/4 i.e The partnership deed should be properly drafted and prepared as per the provisions of the. Second question is A ltd. Forfeited a share of Rs.100 issued at a premium of 20% for non payment of first call of Rs.30 per share and final call of Rs.10 per share. The minimum price at which this share can be reissued is.
Another question is R,S and T were partners sharing profits and losses in the ration of 5:3:2. On 31st March 2021, Their books reflected a net profit a net profit of Rs.3,10,000. As per the terms of the partnership deed they were entitled for interest on capital which amounted to Rs.90,000, Rs.60,000 and Rs.30,000 respectively for R,S and T. Besides this an annual salary of Rs.60,000 each was payable to R and S.