You are on page 1of 2

H.S.

C OMTEX – CLASSES
TIME – 2HRS
ACCOUNTS “THE HOME OF TEXT” TEST – 60 MARKS
NAME OF THE
STUDENT
CHAPTER NAME VOFG.ADD.BOFE. ROLL NUMBER TEST NO. 6

Q1. Prepare a bill of exchange from the following details. 5 marks


Drawer : Priti Chavan, Chandika Road, Malvan.
Drawee : Snehlata Patil, Prashant Nagar, Ambajogai.
Payee : Archana Ghime, Amaravati.
Amount of bill : Rs. 10,000/-
Period : 2 months
Date of Bill : 1st January, 1996.
Date of Acceptance : 5th January, 1996.

Q2. Find out the Average Due Date from the following details 6marks
Due Date of Bills Amount
(Rs.)
5 – 10 – 1995 1,000
25 – 10 – 1995 5,000
10 – 11 – 1995 3,000
15 – 12 – 1995 2,000
30 – 12 – 1995 4,000

Q3. Mahipati and Ganpati are partners sharing profits and losses in the ration of 4:3. They admitted in
partnership Shripati for 1/8th share. For the purpose of admission of Shripati, goodwill of the firm
should be valued on the basis of 2 years purchase of the last 5 years average profit. 6 marks
Years Profits (Rs.)
1991 75,000
1992 1,00,000
1993 1,25,000
1994 85,000
1995 1,15,000

Q4. Mr. Amol draws a bill on Mr. Atul for Rs. 14,000 at 3 months. Mr. Atul accepts the bill. The bill is
sent to bank for collection on maturity Atul finds himself unable to make payment of the bill and
requests Amol to renew it. Amol accepts the proposal on the condition that Atul should pay Rs. 7,000
in cash along with interest of Rs. 100 and accepts a new bill at one month for the balance. These
arrangements were carried through. Afterwards Atul retired the bill by paying Rs. 6,950.
Give journal entries and Atul's Account in the books of Amol. 12 marks

Neatness carries 1 mark


H.S.C OMTEX – CLASSES
ECONOMICS “THE HOME OF TEXT” TEST – 60 MARKS
NAME OF THE
STUDENT
CHAPTER NAME VOFG.ADD.BOFE. ROLL NUMBER TEST NO. 6

Q1. Answer the following questions. 10 marks

1. Explain the characteristics of Land.


2. Explain the main characteristics of Economic Law.

Q2. Answer the following questions. 10 marks

1. Classification of capital.
2. Types of demand.

Q3. Answer the following questions. 10 marks

1. Desire V/s Demand


2. Consumer goods V/s Capital goods

Neatness carries 1 mark