CBSE Sample papers for 2010 are available for you to go through and practice.
You can download the sample papers.
Please Note: The sample papers are only an indication of the format of the actual question paper. They give you an idea of how the questions are organized in the various sections and the approximate level of difficulty.
Effect of Admission of a Partner
Admission of a new partner is a major event in a partnership business. A new admission can take place only with the unanimous consent of all the existing partners. New partners are admitted for several reasons. Additional capital contribution, fresh ideas more contacts etc. are some of the advantages in admitting a new partner.
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satheeh traders received a bank statement showing a favourable balance of rs.10,392
for the period ended on 30june,2010, this did not agree with the balance in the cash book.
1. a deposit of rs.3000 the cashier mistakely entered the gross amt in the bank column of the cash book.
2. 92 paid on 29june,2010 had not been credited by the bank until 1july.2010