Sample Paper Class XII Subject- Accountancy PART  A (PARTNERSHIP & COMPANY ACCOUNTS)   Q1. What is the nature of Receipts & Payments Account?                                                                (1) Q2. A and B are partners sharing profits in the ratio of 2:1.  C is admitted for 1/4th share. Calculate new and sacrificing ratio.                                                                                                             (1) Q3. Name the two items that would appear in credit side of Partner’s Capital account when capitals are fixed.                                                                                                                                      (1) Q4. How...