Maharashtra Board HSC Papers Commerce

Hello sir, my brother is preparing for Maharashtra Board HSC exam with commerce stream. He wants some papers for commerce stream in Maharashtra Board HSC?

[Harsh Pandit]

Maharashtra Board HSC in Commerce stream having various papers on different subjects. Here all subjects are:

Name of Subjects:

Hindi
English
Marathi
Economics
Organisation Of Commerce & Management
Secretarial Practice
Book Keeping & Accounts
Mathematics & Statistics (Commerce) (Paper I)
Mathematics & Statistics (Commerce) (Paper II)

Maharashtra HSC Board Exam Paper 2011 : ECONOMICS







Paper of account:


Q1. Attempt any THREE of the following sub - questions:

(A) Answer the following questions in ‘one’ sentence each:
1. What is ‘liability of partners’?
Ans. The ‘liability of partners’ are joint, several and unlimited as mentioned in ‘Indian Partnership Act - 1932’.

2. What is meant by ‘capital fund’?
Ans. Capital fund consists of contributions, entrance fees, surplus income, legacies and donations specifically received for capital fund.

3. What is ‘gain ratio’?
Ans. Proportion in which continuing partner gain the share of outgoing partner on his retirement.

4. What do you mean by ‘issue of shares at premium’?
Ans. Issue of shares at the value higher than their face value is known as ‘issue of shares at premium’.

5. What are ‘noting charges’?
Ans. Noting charges are the fees paid to the Notary public for recording the fact of dishonoured bill.

(B) Write a word / term / phrase which can substitute each of the following statements:

1. Excess of income over expenditure of a ‘not for profit’ concern.
Ans. Surplus.

2. Debit balance of revaluation account.
Ans. Loss on revaluation .

3. The debentures which are convertible into shares.
Ans. Convertible debentures

4. A person who draws a bill of exchange.
Ans. Drawer

5. An asset which can be converted into cash immediately.
Ans. Liquid Asset.

(C) Select the most appropriate alternative from those given below and rewrite the statements:

1. Dissolution expenses are credited to ___________ [Cash / Bank account]
a. Realisation account
b. Cash/ Bank account
c. Partners’ capital account
d. Partners’ loan account

2. Prepaid expenses are sown on the ____________ side of balance sheet. [Assets]
a. Assets
b. Liability
c. Debit
d. Cash

3. A bill is drawn on 23rd Sept, 2013 at 4 months would be payable on __________ [25th Jan. 2014]
a. 24th Jan. 2014
b. 25th Jan. 2014
c. 26th jan. 2014
d. 25th Jan. 2013

4. Capital Balance is ascertained by preparing ________________ [Statement of affairs]
a. Statement of affairs.
b. Cash account
c. Drawing account
d. Debtor’s account

5. From financial statement analysis the creditors are interested to know ________ [liquidity]
a. Liquidity
b. Profit
c. Share
d. Share capital

(D) State whether the following statements are True or False:

1. Balance Sheet is a nominal account. [False]
2. Drawee can transfer the ownership of a bill. [False]
3. Debit balance of insolvent partner’s capital account is known as ‘capital deficiency’. [True]
4. A bill drawn in India and Payable in japan is a foreign bill. [True]


5. Under single entry system it is not possible to prepare trial balance. [True]
(E) Prepare a specimen of Bill of Exchange from the following information:
Drawer - Shri Mahesh Patil, Plot No. 25,, “Ganesh Nivas”, Mahesh Nagar, Koregaon.
Drawee - Shri Vijay Jadhav, “Saket” M.G. Road, Pune - 11
Payee - Shri Sanjay Bornare, Vaijapur.
Period of bill - 60 days.
Date of bil : 16th March, 2013
Amount of bill - ₹ 15000
Date of acceptance - 20th March, 2013.