CBSE Class 12 Accountancy All Chapters Question Bank

Accountancy
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Read and download free pdf of CBSE Class 12 Accountancy All Chapters Question Bank. Download printable Accountancy Class 12 Worksheets in pdf format, CBSE Class 12 Accountancy All Chapters Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Accountancy Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

All Chapters Accountancy Worksheet for Class 12

Class 12 Accountancy students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Accountancy will be very useful for tests and exams and help you to score better marks

Class 12 Accountancy All Chapters Worksheet Pdf

NOT FOR PROFIT ORGANISATIONS
 
1. What do you mean by Not - For - Profit Organisation? Do they promote any values. Name them.
 
2. Give two differences between Capital Fund and Capital.
 
3. Differentiate between Fund Based Accounting and Non - Fund Based Accounting.
 
4. What is Income and Expenditure Account? State its major sources of income.
 
5. Show the following information in the Final Accounts of Golden Club, Delhi as on 31st March, 2016 :

CBSE Class 12 Accountancy All Chapters Question Bank 1

6. Calculate the amount of subscription to be credited to Income and Expenditure Account for the year 2012-13.

CBSE Class 12 Accountancy All Chapters Question Bank 2

7. From the following prepare Income and Expenditure Account of R.K. Sports Club for the year ended 31st March, 2015 :

CBSE Class 12 Accountancy All Chapters Question Bank 3

Managing Committee decided to treat 50% of donation and legacy as Capital Receipts and balance as revenue receipts
 
8. Following is the Receipts and Payments Accounts of Chennai Sports Club for the year ended 31.03.2016.

CBSE Class 12 Accountancy All Chapters Question Bank 4

CBSE Class 12 Accountancy All Chapters Question Bank 5

9. Prepare Income and Expenditure Account and Balance Sheet of Lion's Club, Delhi for the year ended 31st.March, 2014 from the following Receipts and Payments Account and Additional Information.

CBSE Class 12 Accountancy All Chapters Question Bank 6

10. From the following summary of cash transactions of Friends club for the year ended 31st March 2016.Prepare Income and Expenditure Account and Balance Sheet for the year ended 31st March 2016.

CBSE Class 12 Accountancy All Chapters Question Bank 7

 
Additional Information:
i. In the beginning of the year, the club had Books worth Rs. 3,00,000 and Furniture worth Rs. 58,000.
ii. Subscriptions, in arrears, on 1st April 2015 were Rs. 6,000 and Rs. 7,000 on 31st March 2016.
iii. Rs. 18,000 was due by way of Rent in the beginning as well as at the end of the year.
iv. Write off Rs. 5,000 from Furniture and Rs. 30,000 from Book
 
11. Following is the Receipt & Payment a/c of Excellent Recreation Club, for the year ended 31st March 2015: -

CBSE Class 12 Accountancy All Chapters Question Bank 8

Additional Information:
i. On 1st April 2014, the Club had following assets and liabilities:
ii. Investments Rs. 4,00,000; Furniture Rs. 30,000; Library Books Rs. 50,000; Liability for Rent Rs. 600 and for Salaries Rs.2,000.
iii. On 31st March 2015, rent of Rs. 800 and salaries of Rs. 2,500 were in arrears. The book value of furniture sold was Rs. 2,500. Prepare Income & Expenditure account of the Club and Balance sheet for the year ended 31st March 2015.

FUNDAMANTAL OF PARTNERSHIP
 
1. Amit and Vijay started a partnership business on 1st April, 2010. Their capital contributions were Rs.2,00,000 and Rs.1,50,000 respectively. The partnership deed provided inter alia that:
(a) Interest on capital @ 10% p.a.
(b) Amit to get a salary of Rs.2,000 per month and Vijay Rs.3,000 per month.
(c) Profits are to be shared in the ratio of 3:2.
 
The profits for the year ended 31st March, 2011 before making above appropriations were Rs.2,16,000. Interest on drawings amounted to Rs.2,200 for Amit and Rs.2,500 for Vijay. Prepare Profit and Loss Appropriation A/c.
 
2. The capital accounts of A and B stood at Rs.4,00,000/- and Rs.3,00,000/- respectively after necessary adjustments in respect of the drawings and the net profits for the year ended 31st March, 2012. It was subsequently ascertained that 5% p.a. interest on capital and drawings were not taken into account in arriving at the net profit. The drawings of the partners had been :- A-Rs. 12,000/- drawn at the end of each quarter and B- Rs.18,000/- drawn at the end of each half year.The profits for the year as adjusted amounted to Rs.2,00,000/-. The partners share profits in the ratio of 3:2.You are required to pass journal entries.
 
3. A, B and C were partners in a firm having capitals ofRs.50,000; Rs.50,000 and Rs.1,00,000 respectively. Their current account balances were A: Rs.10,000 B: Rs.5,000 and C: Rs.2,000 (Dr.). According to the partnership deed the partners were entitled to an interest on capital @ 10% p.a. C being the working partner was also entitled to a salary of Rs.12,000 p.a. The profits were to be shared as:
(a) The first Rs.20,000 in the proportion to their capitals.
(b) Next Rs.30,000 in the ratio of 5:3:2.
(c) Remaining profits to be shared equally.
The firm made a profit of Rs.1,72,000 before charging any of the above items. Prepare the profits and loss appropriation account and pass the necessary Journal entry for the appropriation of profits.
 
4. Ram, Mohan and Sohan sharing profits and losses equally have capitals Rs.1,20,000; Rs.90,000 and Rs.60,000. For the year 2009, interest was credited to them @ 6% instead of 5%. Give the adjusting journal entry.
 
5. A, B and C are partners in a firm. Their profit sharing ratio is 2:2:1. However, C is guaranteed a minimum amount of Rs.10,000 as share of profits every year. Any deficiency arising on that amount shall be met by B. The profits for the two years ended 31st March, 2009 and 31st March, 2010 were Rs.40,000 and Rs.60,000 respectively. Prepare the profit and loss appropriation account for the two years.
 
6. A partnership deed provides for the payment of interest on capital but there was a loss instead of profits during the year 2010-2011. At what rate will the interest on capital be allowed?
 
7. A and B are partner’s dealing in manufacturing Plastic Polythene were sharing profits in the ratio of 3:2. Their capitals are Rs. 70,000/- and Rs. 50,000/- respectively. The government banned the plastic and therefore, they shifted to manufacturing paper bags. Their sale was going down consistently as compared to previous years. They employed a new marketing manager to uplift the sale volume from the current year. To motivate the manager, firm provided him 5% commission on net profit earned during the year. Net profit earned during the year was Rs. 2,00,000/-. The firm also admitted one new partner C, who is marketing expert, for 1/4th share with a guarantee of minimum profit of Rs. 50,000/- every year as he needed this money for her daughter’s marriage. Prepare profit and Loss Appropriation Account to show the effect of the above transactions.
 
8. A, B and C are partners in a firm. A and B sharing profits in the ratio of 5:3 and C receiving a salary of Rs.150 per month, plus a commission of 5% on the profits after charging such salary and commission or 1/5 the of the profits of the firm, whichever is larger. Any excess of the latter over the former is, under the partnership agreement, to be borne personally by A. The profits for the year ended 31st March, 2010 amounted to Rs.10,710 after charging C’s salary. Prepare the Profit and Loss Appropriation Account showing the division of the profits of the firm.
 
9. A and B entered into partnership on 1st April 2009 without any partnership deed. They introduced capitals of Rs5,00,000 and Rs3,00,000 respectively. On 31st October 2009, Advanced Rs2,00,000 by way of loan to the firm without any agreement as to interest.The profit and loss account for the year ended 31.3.2010 showed a profit of Rs 4,30,000, but the partners could not agree upon the amount of interest on loan to be charged and the basis of division of profits. Pass the necessary journal entries for the distribution of the profit between the partners and prepare the Capital A/cs of both the partners and Loan A/c of ‘A’.
 
10.The partners of a firm distributed the profits for the year ended 31st March, 2011, Rs.90,000 in the ratio of 3:2:1 without providing for the following adjustments –
(a) A and B were entitled to a salary of Rs.1,500 each p.a.
(b) B was entitled to a commission of Rs.4,500.
(c) B and C guaranteed a minimum profit of Rs.35,000 p.a. to A.
(d) Profits were to be shared in the ratio of 3:3:2.
Pass the necessary journal entry for the above adjustments in the books of the firm.


Please click on below link to download CBSE Class 12 Accountancy All Chapters Question Bank

Part 1 Chapter 01 Accounting for Not-for-Profit Organisation
CBSE Class 12 Accountancy Accounting For Not For Profit Organisation Worksheet
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set B
Part 1 Chapter 02 Accounting for Partnership Basic Concepts
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set C
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set D
CBSE Class 12 Accountancy Fundamentals Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Worksheet Set B
CBSE Class 12 Accountancy Partnership Volume Worksheet
Part 1 Chapter 03 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set A
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set B
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set C
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set A
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set B
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set C
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set A
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set B
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C
Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Death of A Partner Worksheet Set A
CBSE Class 12 Accountancy Death of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set C
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set D
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set B
Part 1 Chapter 05 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set A
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set B
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set C
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy Accounting For Companies Worksheet
CBSE Class 12 Accountancy Accounting For Share Capital Worksheet
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set A
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set B
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Analysis of Financial Statements Worksheet
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set A
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set B
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set A
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set B
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set C
Part 2 Chapter 06 Cash Flow Statement
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set C
z More Worksheets for Class 12 Accountancy
CBSE Class 12 Accountancy All Chapters Question Bank
CBSE Class 12 Accountancy All Chapters Worksheet
CBSE Class 12 Accountancy Worksheet Set A Solved
CBSE Class 12 Accountancy Worksheet Set B Solved
CBSE Class 12 Accountancy Worksheet Set C Solved
CBSE Class 12 Accountancy Worksheet Set D Solved
CBSE Class 12 Accountancy Worksheet Set E Solved
CBSE Class 12 Accountancy Worksheet Set F Solved
CBSE Class 12 Accountancy Worksheet Set G Solved
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CBSE Class 12 Accountancy Worksheet Set I Solved

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CBSE Class 12 Accountancy All Chapters Worksheet

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