CBSE Class 12 Accountancy Worksheet Set 09 Solved

Practice Worksheets for Class 12 Accountancy: 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.

Practice All Chapters Worksheets for Class 12 Accountancy

View or download the dedicated All Chapters practice resource below. Engaging with these objective and subjective questions daily ensures continuous academic progress and mastery of the 2026-27 curriculum.

1. Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership firm’ on the basis of closure of books.
 
2. Why is ‘Realisation Account’ prepared? 
 
3. Following is the Balance Sheet of Sunita, Rashi and Seema who are sharing profits in the ratio 2:1:2 as on 31st March 2017.

CBSE Class 12 Accountancy Worksheet Set I Solved 1

Sunita died on 30th September 2017. She had withdrawn 44,000 from her capital on July 1, 2017. According to the partnership agreement, she was entitled to interest on capital @8% p.a. Her share of profit till the date of death was to be calculated on the basis of the average profits of the last three years. Goodwill was to be calculated on the basis of three times the average profits of the last four years. The profits for the years ended 2012-2013, 2013-14, 2014-15 and 2015-16 were Rs. 1,20,000 Rs. 30,000, Rs. 70,000 and Rs. 80,000 respectively. Prepare Sunita’s account to be rendered to her executors.
 
4. X, Y and Z are partners in a firm sharing profits in proportion of 3:2:1 respectively.
 
The Balance Sheet as on April 1, 2018 was as follows:-

CBSE Class 12 Accountancy Worksheet Set I Solved 2

Z retires from the business and the partners agree that: (a) Machinery has to be depreciated by 10%. (b) Provision for bad debts has to be increased to Rs. 1,500. (c) Furniture was taken over by Z for Rs. 14,000. (d) Goodwill is valued at Rs. 21,000 on Z’s retirement. (e) The continuing partners’ have decided to adjust their capitals in their new profit sharing ratio after retirement of Z. Surplus or deficit if any, in their capital accounts will be adjusted through their current accounts. Prepare Revaluation A/c and Partners’ Capital A/c’s.
 
5. Prashant and Rajesh were partners in a firm sharing profits in the ratio of 3 : 2. In spite of repeated reminders by the authorities, they kept dumping hazardous material into a nearby river. The court ordered for the dissolution of their partnership firm on 31st March 2018. Parshant was deputed to realise the assets and to pay the liabilities. He was paid Rs.1,000 as commission for his services. The financial position of the firm on 31st March 2018 was as follows:

CBSE Class 12 Accountancy Worksheet Set I Solved 3

Following was agreed upon:
(i) Prashant agreed to pay off his wife’s loan.
(ii) Debtors realized Rs.24,000
(iii) Rajesh took away all investments at Rs.27,000.
(iv) Building realized Rs.1,52,000.
(v) Creditors were payable after 2 months. They were paid immediately at 10% discount.
(vi) Bills receivable were settled at a loss of Rs.1,400.
(vii) Realisation expenses amounted to Rs.2,500.
Prepare Realisation A/c, Partners Capital A/c and Cash A/c and identify the value being conveyed.


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

Free study material for Accountancy

Practice Worksheet and Study Resources for Class 12 Accountancy All Chapters

CBSE Practice Material: Class 12 Accountancy All Chapters

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.

NCERT-Aligned Questions and Solutions

Built using the official NCERT book for Class 12 Accountancy, these practice materials provide reliable academic guidance. Pair your practice with our recommended NCERT solutions to master optimal problem-solving approaches.

Next Steps in Your Exam Preparation

Follow up your worksheet practice by attempting the interactive online Accountancy MCQ test for this chapter to evaluate your execution speed. All platform resources are free to access.

FAQs

Where can I download the latest PDF for CBSE Class 12 Accountancy Worksheet Set 09 Solved?

You can download the teacher-verified PDF for CBSE Class 12 Accountancy Worksheet Set 09 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 09 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 09 Solved?

Yes, we have provided detailed solutions for CBSE Class 12 Accountancy Worksheet Set 09 Solved to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Accountancy Worksheet Set 09 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 09 Solved without any registration.