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: . 2 ,, NKES HIGH SCHOOL & JR. COLLEGE WADALA WEST MUMBAI-31 Fage No: |, , PRELIMINARY EXAM Il _ MARKS: 80, , , , STD: SYJC SUB: BOOK-KEEPING & ACCOUNTANCY Duration : 3 HOURS Wa, , sentence: (5), , Q. 1) (A) Select the correct option and rewrite the, according to Companies Act, 2013 i, , 1) Maximum number of partners in the firm are, a) 10 b) 25. e) 20 d) 50, 2) Subscription received in advance during the accounting year is, , a) anincome b) anexpense c) an assets d) a liability, , 3) X and Y are equal partners decided to admit Z into partnership giving 1/7 th share, their new profit sharing, ratio will be, , a) 22 bse @) 424-3) acid, , 4) The balance of Realisation A/c is shared by, a) Allpartners b) Insolvent partner c) Solvent partner d) Creditors, , 5) Abill drawn on 5" August, for 45 days will be due on, a) 19'" September b) 20" September c) 21° September d) 22™ September, , , , , , , , , , , , , , , , , , , , , Complete the following table:, , B, Expenditure Deficit, , 1) Income, , 10.000, , —, , }, ul, So, oO, oO, , 2) Revaluation Share of Ajay Share of Vijay, , 24,000 18,000, , Bills Payable Third Party Liabilities, 49,000, , ;, , 3) Creditors, 18,000, , 4) Date of Acceptance Payable after sight Due Date, , :, , 17.08.2020, , Paid up amount Called up amount, , 5,000, , 5) Calls in Arrears, , :, , 3,000, , C) Do you agree or disagree with the following statement: (5), , 1. The Indian Partnership Act came into force in the year 1945, 2. Receipts and Payment Account contains only the transactions relating to current year, 3. Retiring partners is called an outgoing partner, , 4. Adeceased partner is not entitled to goodwill of the firm, , 5. Alt+D are the short cut key for delete voucher entry, , , , , D) Complete the sentences:, 1. Trading Account is prepared on the basis of, 2. Income and Expenditure Account isa, , 3. When goodwill is raised and written off, , expenses, Account, account is credited