CBSE Class 12 Accountancy Worksheet Set 08 Solved

Download Class 12 Accountancy Worksheets for All Chapters

Explore reliable practice materials for All Chapters tailored for Class 12 learners. Utilizing these Accountancy worksheets ensures thorough preparation and strengthens problem-solving speed for upcoming school assessments.

Access All Chapters Questions and Exercises

Navigate directly to the printable exercises for All Chapters using the digital viewer below. Each practice set allows students to isolate specific topics for thorough review and uninterrupted practice alongside standard textbooks.

1. What is dissolution of a firm? 
 
2. List any two items which are not transferred to Realisation Account 
 
3. The Balance Sheet of Sanjay, Rajan and Kavi who were sharing profits in the ratio of 4:2:4 as on 31st March, 2014 was as follows:
 
Balance Sheet as at 31st March, 2014

CBSE Class 12 Accountancy Worksheet Set H Solved 1

Sanjay died on 31st July, 2014. The Partnership Deed provided for the following on the death of a partner:
(i)Goodwill of the firm be valued at two years’ purchase of average profits for the last three years.
(ii)Sanjay’s share of profit or loss till the date of his death was to be calculated on the basis of sales. Sales for the year ended 31st March, 2014 amounted to Rs.4,50,000 and that from 1st April to 31st July, 2014 to Rs.2,70,000. The profit for the year ended 31st March, 2014 was calculated as Rs.1,25,000.
(iii)Interest on capital was to be provided @ 5% p.a.
(iv)The average profit of the last three years were Rs.55,000. Prepare Sanjay’s Capital Account to be rendered to his executor.
 
4. On 31st March, 2018 the Balance Sheet of Anant, Binoy and Charan sharing profits and losses in the proportion to their capitals, stood as follows

CBSE Class 12 Accountancy Worksheet Set H Solved 2

Binoy retires from the firm on 1st April, 2018 and the remaining partners decide to carry on the partnership. Following adjustments of assets and liabilities have been agreed upon before the ascertainment of the amount payable to Binoy.
(i)That out of Fire Insurance Premium paid during the year Rs.10,000 be carried forward as unexpired.
(ii)Provision for doubtful debts be brought up to 5% of debtors.
(iii)Provision of Rs.15,000 be made for repairs.
(iv)Land and Building be appreciated by 10%.
(v)Machinery be decreased by 5%.
(vi)Goodwill of the entire firm be fixed at Rs.1,80,000 and Binoy’s share of the same be adjusted in the accounts of Anant and Charan who share the future profits in the proportion of 3/4th and 1/4th respectively.
(vii)Binoy be paid Rs.50,000 in cash and the balance be transferred to his Loan Account. Prepare Revaluation A/c and Capital Accounts of Partners
 
5. Xavier, Yash and Zayn were partners sharing profits in the ratio of 2:2:1. The Balance Sheet as at 31st March, 2018 when they dissolved the firm was as follows:

CBSE Class 12 Accountancy Worksheet Set H Solved 3

It was agreed that :
(i)Xavier to take over furniture at Rs.8,000 and debtors amounted to Rs.1,20,000 at Rs.1,17,200 and the creditors of Rs.16,000 were to be paid by him at this figure.
(ii)Yash is to take over all stock for Rs.17,000 and some sundry assets at Rs.72,000 (being 10% less than the book value)
(iii)Zayn to take over remaining sundry assets at 80% of the book value and assume the responsibility of discharge of loan together with accrued interest of Rs.2,300.
(iv)The expenses of realization were Rs.2,700. The remaining debtors were sold to a debt collecting agency at 50% of the value.
Prepare Realisation Account, Partners’ Capital Account and Cash Account to close the books of the firm.


Please click on below link to download CBSE Class 12 Accountancy Worksheet Set H Solved

Free study material for Accountancy

All Chapters Practice Sheet and Solutions for Class 12 Accountancy

Chapter Practice Questions for Class 12 Accountancy

Review targeted practice exercises for Class 12 Accountancy All Chapters. Curated to match official CBSE guidelines, these downloadable PDF sheets support daily revision and core concept reinforcement.

Expert Practice Material for Class 12 Accountancy

Cross-reference your completed exercises with comprehensive NCERT solutions for Class 12 Accountancy to ensure absolute clarity across all sub-topics in this chapter.

Complete Your Chapter Revision

Wrap up your chapter revision by testing your knowledge against standard question formats. Everything on our platform is provided free of charge.

FAQs

Where can I download the latest PDF for CBSE Class 12 Accountancy Worksheet Set 08 Solved?

You can download the teacher-verified PDF for CBSE Class 12 Accountancy Worksheet Set 08 Solved 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 2026-27 competency-based pattern?

Yes, our CBSE Class 12 Accountancy Worksheet Set 08 Solved 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 Worksheet Set 08 Solved?

Yes, we have provided detailed solutions for CBSE Class 12 Accountancy Worksheet Set 08 Solved to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Accountancy Worksheet Set 08 Solved 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 Worksheet Set 08 Solved without any registration.