CBSE Class 12 Accountancy Fundamentals Worksheet Set B

Access the latest CBSE Class 12 Accountancy Fundamentals Worksheet Set B. We have provided free printable Class 12 Accountancy worksheets in PDF format, specifically designed for Part 1 Chapter 1 Accounting for Partnership Basic Concepts. These practice sets are prepared by expert teachers following the 2025-26 syllabus and exam patterns issued by CBSE, NCERT, and KVS.

Part 1 Chapter 1 Accounting for Partnership Basic Concepts Accountancy Practice Worksheet for Class 12

Students should use these Class 12 Accountancy chapter-wise worksheets for daily practice to improve their conceptual understanding. This detailed test papers include important questions and solutions for Part 1 Chapter 1 Accounting for Partnership Basic Concepts, to help you prepare for school tests and final examination. Regular practice of these Class 12 Accountancy questions will help improve your problem-solving speed and exam accuracy for the 2026 session.

Download Class 12 Accountancy Part 1 Chapter 1 Accounting for Partnership Basic Concepts Worksheet PDF

Interest on Drawings

 
1 Mr. A withdrew Rs 1, 20,000 p.a. @10% p.a. Calculate interest on drawing of Mr. A at the end of the financial year
(Ans Rs 6,000)
 
2 Mr. B withdrew Rs 1, 20,000 p.a. @10% Calculate the interest on drawings of Mr. B at the end of the financial year (Ans Rs 12,000)
 
3 In a partnership, partners are charged interest on drawings @15% p.a. During the year ended 31st December, 2013 a partner drew as follows Calculate interest on drawing

CBSE Class 12 Accountancy Fundamentals Worksheet Set B 1

4 Calculate interest on drawings of Rajesh @10% p.a. for the year ended 31st December, 2014 in each of the below mentioned cases
 
(a) If he withdrew Rs 2,000 per month in the beginning of every month
(Ans : Rs 1,300)
 
(b) If he withdrew Rs 2,000 per month in the end of every month
(Ans :Rs  1,100)
 
(c) If he withdrew Rs 2,000 per month in the middle of every month
(Ans : Rs 1,200)
 
5 Calculate interest on drawings of Shiv @10% p.a. for the year ended 31st December, 2014 in each of the below mentioned cases
 
(a) If he withdrew Rs  2,000 per quarter in the beginning of every quarter
(Ans : Rs 500)
 
(b) If he withdrew Rs 2,000 per quarter in the end of every quarter
(Ans : Rs 300)
 
(c) If he withdrew Rs 2,000 per quarter in the middle of every quarter
(Ans :Rs  400)
 
6 Mr. X and Mr. Y started business on 1st April, 2013 with capitals of 5, 00,000 and 3,00,000 respectively Calculate interest on drawings of Mr. X @10% p.a. for the year ended 31st December 2015 in each of the following alternative cases :
(a) If he withdrew Rs 2,000 per month in the beginning of every month
(Ans : Rs 750)
 
(b) If he withdrew Rs 2,000 per month in the end of every month
(Ans :Rs 600)
 
(c) If he withdrew Rs 2,000 per month in the middle of every month
(Ans :Rs Rs 675)
 
(d) If he withdrew Rs  6,000 in the beginning of every quarter
(Ans : Rs 900)
 
(e) If he withdrew Rs 6,000 in the end of every quarter
(Ans : Rs 450)
 
(f) If he withdrew Rs 6,000 in per quarter
(Ans : Rs 675)
 
Interest on Capital
 
7 L and M started business on 1st April, 2013 with capitals of Rs 3, 00,000 and Rs 1, 80,000 respectively There is no withdrawal or addition of capital during the year Calculate the interest on capital @ 12% p.a. for the year (a) 31st March, 2014 and (b) on 31st December, 2013
 
(Ans (a) L 36, 000; M 21,600 (b) L 27,000; M 16,200)
 
8 X and Y started business on 1st April, 2015 with capitals of Rs 3, 00,000 and 1, 80,000 respectively On 1st May 2015 he introduced an additional capital of Rs 60, 000 and Y withdrew 30, 000 from his capital On 1st October 2015, X withdrew Rs 1, 20,000 from his capital and Y introduced 1, 50,000 Interest on capital is allowed @6% p.a. Calculate the interest on capital for the year ending 31st March, 2016
 
(Ans: IOC of X Rs 17,700 and IOC of Y Rs 13,650)
 
9 On 31st March 2013 after the close of A/c, the capital accounts of Mr. X and Mr. Y stood in the books of the firm at Rs 2, 40,000 and Rs 3, 00,000 respectively On 1st May, 2012, Mr. X introduced an additional capital of Rs 60,000 and Mr. Y withdrew Rs 30,000 from his capital On 1st October, 2012, Mr. X withdrew Rs 1, 20,000 from his capital and Y introduced Rs 1, 50,000 Interest on capital is allowed @6% p.a. Calculate the interest on capital for the year ending 31st March, 2013
 
(Ans : Total IOC of Mr. X Rs 17,700 and Mr. Y Rs 13, 650)
 
10 Leena and Kavita are partners sharing the profits and losses in the ratio of 2:3 with capitals of Rs 20,000 and Rs 10,000 respectively Show the distribution of profit/loss for the year 2015 by preparing the relevant account in each of the following in the below cases
 
(a) If the partnership deed is silent as to the interest on capital and the trading profits for the year are Rs 1,600
(Ans : Divisible Profit Leena Rs 640; Kavita Rs 960)
 
(b) If the partnership deed provides for interest on capital @6% and the trading losses for the year are Rs 1,600
(Ans : Divisible Loss Leena Rs 640; Kavita Rs 960)
 
(c) If the partnership deed provides for interest on capital @6% and the trading profits for the year are Rs 2,200
(Ans : Divisible Profit Leena Rs 160; Kavita Rs 240)
 
(d) If the partnership deed provides for interest on capital @6% and the trading profits for the year are Rs 1,650
(Ans : Divisible Profit Leena Rs 1,100; Kavita Rs 550)
 
(e) If the partnership deed provides for interest on capital @6% even if it involves

 

Please click on below link to download CBSE Class 12 Accountancy Fundamentals Worksheet Set B

Part 1 Chapter 01 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 02 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 03 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 04 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
CBSE Class 12 Accountancy Worksheet Set H Solved
CBSE Class 12 Accountancy Worksheet Set I Solved
~ Class 12 Accountancy (Old Chapters)
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

Important Practice Resources for Class 12 Accountancy

Part 1 Chapter 1 Accounting for Partnership Basic Concepts CBSE Class 12 Accountancy Worksheet

Students can use the Part 1 Chapter 1 Accounting for Partnership Basic Concepts practice sheet provided above to prepare for their upcoming school tests. This solved questions and answers follow the latest CBSE syllabus for Class 12 Accountancy. You can easily download the PDF format and solve these questions every day to improve your marks. Our expert teachers have made these from the most important topics that are always asked in your exams to help you get more marks in exams.

NCERT Based Questions and Solutions for Part 1 Chapter 1 Accounting for Partnership Basic Concepts

Our expert team has used the official NCERT book for Class 12 Accountancy to create this practice material for students. After solving the questions our teachers have also suggested to study the NCERT solutions  which will help you to understand the best way to solve problems in Accountancy. You can get all this study material for free on studiestoday.com.

Extra Practice for Accountancy

To get the best results in Class 12, students should try the Accountancy MCQ Test for this chapter. We have also provided printable assignments for Class 12 Accountancy on our website. Regular practice will help you feel more confident and get higher marks in CBSE examinations.

Where can I download the latest PDF for CBSE Class 12 Accountancy Fundamentals Worksheet Set B?

You can download the teacher-verified PDF for CBSE Class 12 Accountancy Fundamentals Worksheet Set B from StudiesToday.com. These practice sheets for Class 12 Accountancy are designed as per the latest CBSE academic session.

Are these Accountancy Class 12 worksheets based on the 2026 competency-based pattern?

Yes, our CBSE Class 12 Accountancy Fundamentals Worksheet Set B includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

Do you provide solved answers for CBSE Class 12 Accountancy Fundamentals Worksheet Set B?

Yes, we have provided detailed solutions for CBSE Class 12 Accountancy Fundamentals Worksheet Set B to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Accountancy Fundamentals Worksheet Set B help in exam preparation?

Daily practice with these Accountancy worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

Is there any charge for the Class 12 Accountancy practice test papers?

All our Class 12 Accountancy practice test papers and worksheets are available for free download in mobile-friendly PDF format. You can access CBSE Class 12 Accountancy Fundamentals Worksheet Set B without any registration.