CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set B

Read and download the CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set B in PDF format. We have provided exhaustive and printable Class 12 Accountancy worksheets for Sure Shot Questions, designed by expert teachers. These resources align with the 2025-26 syllabus and examination patterns issued by NCERT, CBSE, and KVS, helping students master all important chapter topics.

Chapter-wise Worksheet for Class 12 Accountancy Sure Shot Questions

Students of Class 12 should use this Accountancy practice paper to check their understanding of Sure Shot Questions as it includes essential problems and detailed solutions. Regular self-testing with these will help you achieve higher marks in your school tests and final examinations.

Class 12 Accountancy Sure Shot Questions Worksheet with Answers

CBSE Class 12 Accountancy Sure Shot Questions (2). Students can download these worksheets and practice them. This will help them to get better marks in examinations. Also refer to other worksheets for the same chapter and other subjects too. Use them for better understanding of the subjects.

SURE SHOT QUESTIONS
ACCOUNTANCY
1 marks questions
1.How would you show the following two items in a company’s Balance Sheet as at 31st
March, 2015 as per the requirement of Schedule VI:
General Reserve(Since 31st March, 2014) Rs. 3,00,000, Statement of Profit and
Loss(Debit Balance) for 2014-15 Rs. 2,00,000.
Ans. Balance Sheet
As at 31st march, 2015
Equity and Liablities Note No. Rs.
Shareholders’ fund
Reserve and Surplus 1 1,00,000
Notes to Accounts:
Reserve and Surplus
General Reserve(1st April, 2014) 3,00,000
Less: Statement of Profit and Loss(Dr. Balance) 2,00,000
1,00,000
 
2.Under Which main headings and sub-headings of Equity and Liabilities of the balance
sheet as per the Revised Schedule III of a company will you classify the following items:
Proposed dividend.
Fixed Deposit from Public.
Ans. Items Main-Heading Sub-Heading
i) Proposed dividend Current-Liabilities short-term provision
ii) Fixed deposit from Public non-current liabilities long term borrowing
3. State any two items which are shown under the head ‘Non Current Investment’ in a
company balance sheet.
Ans. (i) Government Securities.
(ii) Sinking Fund Investment.
4.How is analysis of Financial statements suffered from the limitation of window
dressing ?
Ans. Analysis of financial statements is affected from the limitation of window dressing
as companies hide Some vital information or show items at incorrect value to portray
better profitability and financial Position of the business, for example the company
may overvalue closing stock to show higher profits.
5. What is the interest of Shareholders in the analysis of Financial Statements?
Ans. (i) They want to judge the present and future earning capacity of the business.
(ii) They want to judge the safety of their investment.
6.Name two tools of Financial Analysis?
Ans. (i) Comparative Financial Statements.
(ii) Ratio Analysis etc.
7. What is Horizontal Analysis?
Ans:The analysis which is made to review and compare the financial
statements of two or more then two Years is called Horizontal Analysis.
8. Give the example of Horizontal Analysis.
Ans. Comparative Financial Statement.
 
1. Give the Main Heading and Sub- Heading of Equity and Liabilities of the Balance
sheet of a company as per the Revised Schedule III of the companies Act.2013.
Ans.
EQUITY AND LIABILITIES
Shareholders’ Funds
Share Capital
Reserves and Surplus
Money received against share warrants
Share Applications Money Pending Allotment
Non-Current Liabilities
Long-term borrowings
Deferred tax liabilities(Net)
Other Long-term Liabilities
Long-term provisions
Current Liabilities
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
TOTAL
[
2.Give the Main Heading and Sub- Heading of Assets of the Balance sheet of a company
as per the Revised Schedule III of the companies Act.2013.
Ans. ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets
Intangible assets
Capital work-in progress
Intangible assets under development
Non-current investments
Deferred tax assets (net)
Long-term loans and advances
Other non-current assets
Current Assets
Current investments
Inventories
Trade receivables
Cash and cash equivalents

Please click the link below to download CBSE Class 12 Accountancy Sure Shot Questions (2)

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
Part 1 Chapter 02 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set A
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set B
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set C
Part 1 Chapter 03 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set C
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set D
Part 1 Chapter 04 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set A
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set B
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy Share Capital Worksheet Set A
CBSE Class 12 Accountancy Share Capital Worksheet Set B
CBSE Class 12 Accountancy Share Capital Worksheet Set C
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Debentures Worksheet
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set B
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Financial Analysis And Tools For Financial Analysis Worksheet
CBSE Class 12 Accountancy Financial Analysis And Tools For Financial 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
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
z More Worksheets for Class 12 Accountancy
CBSE Class 12 Accountancy Case Studies
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet
CBSE Class 12 Accountancy Revision Worksheet
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set A
CBSE Class 12 Accountancy Sure Shot Questions Worksheet Set B
~ Class 12 Accountancy (Old Chapters)
CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Worksheet

Important Practice Resources for Class 12 Accountancy

CBSE Accountancy Class 12 Sure Shot Questions Worksheet

Students can use the practice questions and answers provided above for Sure Shot Questions to prepare for their upcoming school tests. This resource is designed by expert teachers as per the latest 2026 syllabus released by CBSE for Class 12. We suggest that Class 12 students solve these questions daily for a strong foundation in Accountancy.

Sure Shot Questions Solutions & NCERT Alignment

Our expert teachers have referred to the latest NCERT book for Class 12 Accountancy to create these exercises. After solving the questions you should compare your answers with our detailed solutions as they have been designed by expert teachers. You will understand the correct way to write answers for the CBSE exams. You can also see above MCQ questions for Accountancy to cover every important topic in the chapter.

Class 12 Exam Preparation Strategy

Regular practice of this Class 12 Accountancy study material helps you to be familiar with the most regularly asked exam topics. If you find any topic in Sure Shot Questions difficult then you can refer to our NCERT solutions for Class 12 Accountancy. All revision sheets and printable assignments on studiestoday.com are free and updated to help students get better scores in their school examinations.

Where can I download the 2025-26 CBSE printable worksheets for Class 12 Accountancy Chapter Sure Shot Questions?

You can download the latest chapter-wise printable worksheets for Class 12 Accountancy Chapter Sure Shot Questions for free from StudiesToday.com. These have been made as per the latest CBSE curriculum for this academic year.

Are these Chapter Sure Shot Questions Accountancy worksheets based on the new competency-based education (CBE) model?

Yes, Class 12 Accountancy worksheets for Chapter Sure Shot Questions focus on activity-based learning and also competency-style questions. This helps students to apply theoretical knowledge to practical scenarios.

Do the Class 12 Accountancy Chapter Sure Shot Questions worksheets have answers?

Yes, we have provided solved worksheets for Class 12 Accountancy Chapter Sure Shot Questions to help students verify their answers instantly.

Can I print these Chapter Sure Shot Questions Accountancy test sheets?

Yes, our Class 12 Accountancy test sheets are mobile-friendly PDFs and can be printed by teachers for classroom.

What is the benefit of solving chapter-wise worksheets for Accountancy Class 12 Chapter Sure Shot Questions?

For Chapter Sure Shot Questions, regular practice with our worksheets will improve question-handling speed and help students understand all technical terms and diagrams.