# CBSE Class 12 Accountancy Worksheet Set B Solved

Read and download free pdf of CBSE Class 12 Accountancy Worksheet Set B Solved. 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

1. State any two circumstances, when need for valuation of goodwill of a firm may arise.

2. Calculate interest on drawings of Mr.Soman @ 10%p.a. for the year ended 31st March, 2018 if he withdrew ₹.6,000 at the end of each quarter.

3. How does the factor ‘efficiency of management’ affect the Goodwill of a firm?

4. X, Y and Z are partners in a firm. They admitted W their landlord as a partner in the firm. W brings sufficient amount of capital and goodwill premium for his share in the profits. W had given a loan of ₹.1,00,000 @ 10% p.a. interest to the partnership firm before he became the partner. Now the accountant of the frim is emphasizing that the interest on loan should be paid @ 6%p.a. Is he right in doing so? Give reason in support of your answer.

5. What do you mean by Number of years purchase?

6. Ameena, Beena and Davina are partners in a firm. Their capital accounts stood at ₹.4,00,000; ₹.3,00,000 and ₹.2,00,000 respectively on 1st April 2018. They shared profits and losses in the ratio of 3:2:1 respectively. Partners are entitled to interest on capital @ 6% per annum and salary to Beena and Davina @ ₹.2,000 per month and ₹.3,000 per quarter respectively as per the provisions of Partnership Deed.
Beena’s share of profit including interest on capital but excluding salary is guaranteed at a minimum of ₹.41,000 p.a. Any deficiency arising on that account shall be met by Davina. Profit for the year ended 31st March 2019 amounted to ₹.1,56,000. Prepare Profit and Loss Appropriation Account.

OR

A, B and C were partners. Their capitals were A - ₹.1,20,000; B - ₹.80,000 and C - ₹.40,000 respectively. According to the Partnership Deed, they were entitled to an interest on capital @ 5% p.a. in addition, B was also entitled to draw a salary of ₹.2,000 per month. C was entitled to a commission of 5% on the profits after charging interest on capital , but before charging the salary payable to B. The net profit for the year were ₹.1,20,000 distributed in the ratio of capitals without providing for any of the above adjustments. The profits were to be shared in the ratio of 5:3:2. Pass necessary adjustment entry showing the workings clearly.

7. Average profit of the firm is ₹. 3,00,000. Total tangible assets in the firm are ₹.28,00,000 and outside liabilities are ₹.8,00,000. In the same type of business the normal rate of return in similar business is 10%. Find the value of goodwill by Capitalization of Super Profit Method.

OR

X and Y are partners sharing profits and losses in the ratio of 3:2. They admit Z into partnership for 1/4th share in goodwill. Z brings in his share of goodwill in cash. Goodwill for this purpose is to be calculated at two years purchase of the average normal profit of past three years. Profits of the last three years ended 31st March were:
2016- Profit ₹.1,00,000 (including profit on sale of assets ₹.10,000)
2017- Loss ₹.40,000 (including loss by fire ₹.60,000)
2018- Profit ₹.1,40,000 (including insurance claim received ₹.36,000 and interest on investments and Dividend received ₹.16,000) Calculate value of goodwill.

8. Rohan and Mohan entered into partnership on 1st April, 2018 and contributed ₹.4,00,000 and ₹.3,00,000 respectively as their capitals. On 1st October, 2018 Rohan provided ₹.1,00,000 as loan to the firm. As per the provisions of the Partnership Deed:

a) 20% of profits before charging Interest on Drawings but after making appropriations to be transferred to General Reserve.
b) Interest on capital @ 12% p.a. and Interest on Drawings @ 10% p.a.
c) Rohan to get monthly salary of ₹.10,000 and Mohan to get salary of ₹.45,000 per quarter.
d) Rohan is entitled to a commission of 5% on sales. Sales for the year were ₹.7,00,000.
e) Profit and loss to be shared in the ratio of their capital contribution up to ₹.3,50,000 and above equally. The profits for the year ended 31st March, 2019 before providing for any interest was ₹.9,22,000. The drawings of Rohan and Mohan were ₹.2,00,000 and ₹.2,50,000 respectively. Prepare necessary ledger accounts

OR

Anita and Binita are partners sharing profits and losses in the ratio of 3:1. On 1st April, 2018 their Fixed capitals were Anita ₹.1,00,000 and Binita ₹.60,000. During the year ended 31st March, 2019 they earned a net profit of ₹.1,00,000. The terms of partnership are :
a) Interest on capital is to be allowed @ 6%p.a.
b) Anita will get a commission @ 2% on turnover.
c) Binita will get a salary of ₹.1,000 per month.
d) Binita will get commission of 5% on profits after deduction of all expenses including such commission. Partners drawings for the year were: Anita ₹.16,000 and Binita ₹.12,000. Turnover for the year was ₹.6,00,000. After considering the above facts, you are required to prepare the necessary ledger accounts.

 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
 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
 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
 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
 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
 CBSE Class 12 Accountancy Accounting For Companies Worksheet CBSE Class 12 Accountancy Accounting For Share Capital Worksheet
 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
 CBSE Class 12 Accountancy Financial Statements of A Company Worksheet
 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
 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
 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
 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

## More Study Material

### CBSE Class 12 Accountancy All Chapters Worksheet

The above practice worksheet for All Chapters has been designed as per the current syllabus for Class 12 Accountancy released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Accountancy on a daily basis. All the latest practice worksheets with solutions have been developed for Accountancy by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Accountancy students to get all the latest study material free of cost.

### Worksheet for Accountancy CBSE Class 12 All Chapters

Teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. If you download the practice worksheet for the above chapter daily, you will get better scores in Class 12 exams this year as you will have stronger concepts. Daily questions practice of Accountancy printable worksheet and its study material will help students to have a stronger understanding of all concepts and also make them experts on all scoring topics. You can easily download and save all revision Worksheets for Class 12 Accountancy also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers

#### All Chapters worksheet Accountancy CBSE Class 12

All practice paper sheet given above for Class 12 Accountancy have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can be assured that the answers have been also provided by our teachers for all test paper of Accountancy so that you are able to solve the problems and then compare your answers with the solutions provided by us. We have also provided a lot of MCQ questions for Class 12 Accountancy in the worksheet so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Accountancy students have been given on studiestoday.

#### All Chapters CBSE Class 12 Accountancy Worksheet

Regular printable worksheet practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of All Chapters concepts. Practice worksheets play an important role in developing an understanding of All Chapters in CBSE Class 12. Students can download and save or print all the printable worksheets, assignments, and practice sheets of the above chapter in Class 12 Accountancy in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Accountancy MCQ Test for the same chapter.

#### Worksheet for CBSE Accountancy Class 12 All Chapters

CBSE Class 12 Accountancy best textbooks have been used for writing the problems given in the above worksheet. If you have tests coming up then you should revise all concepts relating to All Chapters and then take out a print of the above practice sheet and attempt all problems. We have also provided a lot of other Worksheets for Class 12 Accountancy which you can use to further make yourself better in Accountancy

Where can I download latest CBSE Practice worksheets for Class 12 Accountancy All Chapters

You can download the CBSE Practice worksheets for Class 12 Accountancy All Chapters for the latest session from StudiesToday.com

Can I download the Practice worksheets of Class 12 Accountancy All Chapters in Pdf

Yes, you can click on the links above and download chapter-wise Practice worksheets in PDFs for Class 12 for Accountancy All Chapters

Are the Class 12 Accountancy All Chapters Practice worksheets available for the latest session

Yes, the Practice worksheets issued for All Chapters Class 12 Accountancy have been made available here for the latest academic session

How can I download the All Chapters Class 12 Accountancy Practice worksheets

You can easily access the links above and download the Class 12 Practice worksheets Accountancy for All Chapters

Is there any charge for the Practice worksheets for Class 12 Accountancy All Chapters

There is no charge for the Practice worksheets for Class 12 CBSE Accountancy All Chapters you can download everything free

How can I improve my scores by solving questions given in Practice worksheets in All Chapters Class 12 Accountancy

Regular revision of practice worksheets given on studiestoday for Class 12 subject Accountancy All Chapters can help you to score better marks in exams

Are there any websites that offer free Practice test papers for Class 12 Accountancy All Chapters

Yes, studiestoday.com provides all the latest Class 12 Accountancy All Chapters test practice sheets with answers based on the latest books for the current academic session

Can test sheet papers for All Chapters Class 12 Accountancy be accessed on mobile devices

Yes, studiestoday provides worksheets in Pdf for All Chapters Class 12 Accountancy in mobile-friendly format and can be accessed on smartphones and tablets.

Are practice worksheets for Class 12 Accountancy All Chapters available in multiple languages

Yes, practice worksheets for Class 12 Accountancy All Chapters are available in multiple languages, including English, Hindi