CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B

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Worksheet for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts

Class 12 Accountancy students should download to the following Part 1 Chapter 2 Accounting for Partnership Basic Concepts Class 12 worksheet in PDF. This test paper with questions and answers for Class 12 will be very useful for exams and help you to score good marks

Class 12 Accountancy Worksheet for Part 1 Chapter 2 Accounting for Partnership Basic Concepts

MCQ Questions for NCERT Class 12 Accountancy Accounting For Partnership Firms

Question. Seeta and Geeta are partners sharing profits and losses in the ratio 4 : 1. Meeta was manager who received the salary of ₹4,000 p.m. in addition to a commission of 5% on net profits after charging such commission. Profit for the year is ₹6,78,000 before charging salary. Find the total remuneration of Meeta.
(a) ₹78,000
(b) ₹88,000
(c) ₹87,000
(d) ₹76,000

Answer: A

Question. If the Partners’ Capital Accounts are fixed ‘salary payable to partner’ will be recorded :
(a) On the debit side of Partners’ Current Account
(b) On the debit side of Partners’ Capital Account
(c) On the credit side of Partners’ Current Account
(d) None of the above

Answer: C

Question. For the firm interest on drawings is
(a) Capital Payment
(b) Expenses
(c) Capital Receipt
(d) Income

Answer: D

Question. Interest on Partner’s drawings will be debited to :
(a) Profit and Loss Account
(b) Profit and Loss Appropriation Account
(c) Partner’s Current Account
(d) Interest Account

Answer: C

Question. If a fixed amount is withdrawn by a partner in each quarter, interest on the total amount is charged for ……………….. months
(a) 3
(b) 6
(c) 4.5
(d) 7.5

Answer: B

Question. A and B contribute ₹1,00,000 and RS₹60,000 respectively in a partnership firm by way of capital on which they agree to allow interest @ 8% p.a. Their profit or loss sharing ratio is 3 : 2. The profit at the end of the year was ₹2,800 before allowing interest on capital. If there is a clear agreement that interest on capital will be paid even in case of loss, then S’s share will be:
(a) Profit ₹6,000
(b) Profit ₹4,000
(c) Loss ₹6,000
(d) Loss ₹4,000

Answer: D

Question. Which of the following statement is true
(a) Fixed capital account will always have a credit balance
(b) Current account can have a positive or a negative balance
(c) Fluctuating capital account can have a positive or a negative balance
(d) All of the above

Answer: D

Question. When partners’ capital accounts are fixed, which one of the following items will be written in the partner’s capital account :
(a) Partner’s Drawings
(b) Additional capital introduced by the partner in the firm
(c) Loan taken by partner from the firm
(d) Loan Advanced by partner to the firm

Answer: B

Question. A, B and C are partners. A’s capital is ₹3,00,000 and B’s capital is ₹1,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants RS30,000 p.a. as salary. Firm earned a profit of ₹1,50,000. How much will be each partner’s share of profit:
(a) A ₹60,000; B ₹60,000; C ₹Nil
(b) A ₹90,000; B ₹30,000; C ₹Nil
(c) A ₹40,000; B ₹40,000 and C ₹40,000
(d) A ₹50,000; B ₹50,000 and C ₹50,000.

Answer: D

Question. It the Partner’s Capital Accounts are fixed, interest on capital will be recorded:
(a) On the credit side of Current Account
(b) On the credit side of Capital Account
(c) On the debit side of Current Account
(d) On the debit side of Capital Account

Answer: A

Question. If a fixed amount is withdrawn by a partner in the middle of every month, interest on the total amount is charged for …………… months
(a) 6
(b) 6 1/2
(c) 5 1/2
(d) 12

Answer: A

Question. Sushil is a partner in a firm. He withdrew ₹4,000 per month in the middle of every month during the year ended 31st March, 2019. If interest on drawings is charged @ 8% p.a. the interest charged will be :
(a) ₹2,080
(b) ₹1,760
(c) ₹3,840
(d) ₹1,920

Answer: D

Question. On 1st April 2018, 2fs Capital was ₹2,00,000. On 1st October 2018, he introduces additional capital of ₹1,00,000. Interest on capital @ 6% p.a. on 31st March, 2019 will be :
(a) ₹9,000
(b) ₹18,000
(c) ₹10,500
(d) ₹15,000

Answer: D

Question. X and Y are partners in the ratio of 3 : 2. Their capitals are RS2,00,000 and ₹1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm earned a profit of RS60,000 for the year ended 31st March 2019. Interest on Capital will be :
(a) X ₹16,000; Y ₹8,000
(b) V ₹8.000; Y ₹4,000
(c) X ₹14,400; Y ₹9,600
(d) No Interest will be allowed

Answer: A

Question. X and Y are partners in the ratio of 3:2. Their capitals are ₹2,00,000 and ₹1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm earned a profit of ₹15,000 for the year ended 31st March 2019. As per partnership agreement, interest on capital is treated a charge on profits. Interest on Capital will be :
(a) X ₹16,000; Y ₹8,000
(b) X ₹9,000; Y ₹6,000
(c) X ₹10,000; Y ₹5,000
(d) No Interest will be allowed

Answer: A

Question. Bipasa is a partner in a firm. She withdrew ₹6,000 at the end of each quarter during the year ended 31st March, 2019. Interest on her drawings @ 10% p.a. will be :
(a) ₹900
(b) ₹600
(c) ₹1,500
(d) ₹1,200

Answer: A

Question. Partners are suppose to pay interest on drawing only when by the
(a) Provided, Agreement
(b) Permitted, Investors
(c) Agreed, Partners
(d) ‘A’ & ‘C’ above

Answer: D

Question. Where will you record interest on drawings :
(a) Debit Side of Profit & Loss Appropriation Account
(b) Credit Side of Profit & Loss Appropriation Account
(c) Credit Side of Profit & Loss Account
(d) Debit Side of Capital/Current Account only

Answer: B

Question. Vikas is a partner in a firm. His drawings during the year ended 31st March, 2019 were RS72,000. If interest on drawings is charged @ 9% p.a. the interest charged will be :
(a) ₹324
(b) ₹6,480
(c) ₹3,240
(d) ₹648

Answer: C

Question. X and Y are partners in the ratio of 3:2. Their capitals are RS2,00,000 and ₹1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm incurred a loss of ₹60,000 for the year ended 31st March 2019. Interest on Capital will be :
(a) X ₹16,000; Y ₹8,000
(b) A ₹8,000; Y ₹4,000
(c) X ₹14,400; Y ₹9,600
(d) No Interest will be allowed

Answer: D

Question. If a fixed amount is withdrawn by a partner on the last day of every month, interest on the total amount is charged for …………… months :
(a) 12
(b) 6 1/2
(c) 5 1/2
(d) 6

Answer: C

Question. X and Y are partners in the ratio of 3:2. Their capitals are ₹2,00,000 and ₹1,00,000 respectively. Interest on capitals is allowed @ 8% p.a. Firm earned a profit of ₹15,000 for the year ended 31st March 2019. Interest on Capital will be :
(a) X ₹16,000; Y ₹8,000
(b) X ₹9,000; Y ₹6,000
(c) X ₹10,000; Y ₹5,000
(d) No Interest will be allowed

Answer: C

Question. In a partnership firm, a partner withdrew ₹5,000 per month on the first day of every month during the year for personal expenses. If interest on drawings is charged @ 6% p.a. the interest charged will be : 
(a) ₹3,600
(b) ₹1,950
(c) ₹1,800
(d) ₹1,650

Answer: B

Question. If fixed amount is withdrawn by a partner on the first day of each quarter, interest on the total amount is charged for …………….. months
(a) 4.5
(b) 6
(c) 7.5
(d) 3

Answer: C

Question. If a fixed amount is withdrawn by a partner on the last day of each quarter, interest on the total amount is charged for ……………… months
(a) 6
(b) 4.5
(c) 7.5
(d) 3

Answer: B

 

According to Section -4 of the Indian Partnership Act, 1932:

“Partnership is the relations between two or more persons who have agreed to share the profits of a business carried on by all or any one of them acting for all”
Features of Partnership
1. Two or more persons: There must be at least two persons to form a valid partnership.
The maximum number of partners cannot exceed the number of partners prescribed by companies Act, 2013 which is 50 in any business whether banking or non- banking.
2. Agreement : Partnership comes into existence by an agreement (either written or oral among the partners. The written agreement among the partners is called Partnership Deed. 
3. Existence of business and profit motive :A partnership can be formed for the purpose of carrying on legal business with the intention of earning profits. A joint ownership of some property by itself cannot be called a partnership.
4. Sharing of Profits : An agreement between the partners must be aimed at sharing the profits. If some persons join hands to run some charitable activity, it will not be called partnership. Futher, if a partner is deprived of his right to share the profits of the business, he cannot be called as partner.
5. Buiness carried on by all or any of them acting for all : It means that each partner can participate in the conduct of business and each partner is bound by the acts of other partners in respect to the business of the firm. 
6. Relationship of Principal and Agent : Each partner is an agent ad well as a partner of the firm. An agent, because he can bind the other partners by his acts and principal, because he himself can be bound by the acts of the other partners.
 
Partnership Deed
Since partnership is the outcome of an agreement, it is essential that there must be some terms and conditions agreed upon by all the partners. Such terms and conditions mat be either written or oral. The law doesnot make it compulsory to have a written agreement.
However, in order to avoid all misunderstandings and disputes, it is always the best course to
have a written agreement duly signed and registered under the Act.
 
The partnership deed is a written agreement among the partners which contains the terms of agreement. It is also called ' Articles of Partnership' . A partnership deed should contain the following points:
1. Name and address of the firm as well as partners.
2. Name and addresses of the partners.
3. Nature and place of the business.
4. Duration, if any of partnership.
5. Capital contribution by each partner.
6. Interest on capital.
7. Drawings and interest on drawings.
8. Profit sharing ratio.
9. Interest on loan.
10. Partner’s Salary/commission etc.
11. Method for valuation of goodwill and assets.
12. Accounting period of the firm and duration of partnership
13. Rights and duties of partners how disputes will be settled.
14. Decisions taken if some partner becomes insolvent.
15. Opening of Bank Account – whereas it will be in the name of firm or partners.
16. Rules to be followed in case of admission & Settlement of accounts or retirement or death of partner.
17. Revaluation of assets & liabilities, if any to be done.
18. Method of recording of firm's accounts
19. Auditing
20. Date of commencement of partnership
 
Benefits of Partnership Deed
(1) It regulates the rights, duties and liabilites of each partner.
(2) It helps to avoid any misunderstanding amongst the partners because all the terms and conditins of partnership have been laid down before hand in the deed.
(3) Any dispute amongst the partners may be settled easily as the partnership deed may be readiy referred to.
Hence, it is always best course to have a written partnership deed duly signed by all the partners and registered under the Act. 
 
Rules applicable in the absence of partnership deed
 
Acco
 
Distribution of Profits among Partners
Transactiions of the partnerhsip firm are recorded according to the principles of Doubleentry book keeping system, and as in the case of a sole proprietorship concern a partnership firm will also prepare Trading account, Profit & Loss account and Balance Sheet at the end of every year. The only difference between accounting of a sole trader and partnership firm is that the profits of the partnership firm ar divided amongst the partners.
A Profit and Loss Appropriation Account is prepared to show the distribution of profits among partners as per the provision of Partnership Deed (or as per the provision of Indian Partnership Act, 1932 in the absence of Partnership Deed). It is an extension of profit and Loss Account. It is nominal account. It records entries for interest on capital, Interest on Drawings, Salary to the partner, and division of profits among the partners.
The Journal Entries regarding Profit and Loss Appropriation Account are as follows:
 
1.For transfer of balance of Profit and Loss Account
Profit and Loss A/cDr.
To Profit and Loss Appropriation A/c
 
2.For Interest on Capital
For allowing Interest on capital
1. Interest on Capital A/c
To Partner’s Capital/Current A/cs
(Being interest on capital allowed @ % p.a.)
2. For transferring Interest on Capital to p&L appropriation A/c.
Profit and Loss Appropriation A/cDr.
To Interest on Capital A/c.
(Being interest on capital transferred to p&L Appropriation A/c)
 
3. For Salary or Commission payable to a partner
i. For allowing Salary or Commission to a partner:
Partners Salary/Commission A/cDr.
To Partner’s Capital/Current A/cs
(Being salary/commission payable to a partner)
ii. For transferring Partner’s Salary/Commission A/c to Profit and Loss
Appropriation A/s:
Profit and Loss Appropriation A/cDr.
To Partner’s Salary/Commission A/c
 
4. For transfer of Reserves:
Profit and Loss Appropriation A/cDr.
To Reserve A/c
(Being reserve created)
 
5. For Interest on Drawings:
1.For charging interest on a partner’s drawings:
Partner’s Capital/Current A/c.Dr.
To Interest on Drawings A/c
(Being interest on drawings charged @ % p.a.)
2. For transferring interest on drawings to Profit and Loss Appropriation A/c
Interest on Drawings A/cDr.
To Profit and Loss Appropriation A/c
(Being interest on drawings transferred to P&L appropriation A/c)
 
6. For transfer to Profit (i.e. Credit Balance of Profit and Loss Appropriation Account
Profit and Loss Appropriation A/cDr.
To Partners Capital/Current A/cs
(Being profits distributed among partners)
 
SPECIMEN OF PROFIT AND LOSS APPROPRIATION ACCOUNT
Profit and Loss Appropriation Account
For the year ending on ___________________

Acco1

Parter’s Capital Accounts
Parter’s Capital Accounts : It is an account which represents the partners interest in the business.
In case of partnership business, a separate capital account is mainted for each partner. The capital accounts of partners may be maintained by any of the following two methods.
1. Fixed Capital Accounts
2. Fluctuating Capital Accounts
 
1. Fixed Capital Accounts
Under this method the original capitals invested by the partners remain constant, unless additional capital is introduced by an agreement. All entries relating to drawings, interest on capitals, interest on drawings, salary to partner, share of profits/losses are made in separate account whihc is called as Current Account. Thus the following two accounts are maintained when capitals are fixed.
 
(i) Capital Account
This account will always show a credit balance: Balance of Capital account remains fixed, it does not change every year that is why it is called fixed capital method and only the following two transactions are recorded in the Fixed Capital Accounts:
Permanent·Additional Capital Introduced
·Permanent Capital Withdrawn or Drawings out of Capital only
Partner’s Capital A/Cs
 
Acco-
 
(ii) Current Account 
The Current account may show a debit or credit balance. All the usual adjustments such as interest on Capital, partner’s salary/commission, drawings (out of profits), interest on drawings and share in profits or losses etc. are recorded in this account.All the Current Year's adjustments are recorded in this account, that is why it is called Current account.
 
Partner’s Current A/Cs
Acco-1
Acco-2
 
Note :
1. Debit balance of Current Account is shown in Assets side of Balance Sheet.
2. Credits balance of Current Account A/c is shown in Liabilities side of balance Sheet.
3. Balance of Fixed Capital Accounts are always shown in Liabilities side of Balance Sheet as it will be always be credit balance.
 
2. Fluctuating Capital Accounts
In this method only one account i.e., Capital Account of each and every partner is prepared and all the adjustment such as interest on capital interest on drawings etc, are recorded in this account under this method, Capital account may show a debit or credit balance and the balance of this account changes frequently from time to time therefore it is called fluctuating Capital Account.In this method the capitals are not fixed. In the absence of information, the Capital Accounts should be prepared by this method.
 
Partner’s Capital
Acco-3
Acco-4
 
 
INTEREST ON CAPITAL
Interest on partners capital will be allowed only when it has been specifically mentioned in the partnership deed. If interest on capital is to be allowed as per the agreement, it should be calculated with respect to the time, rate of interest and the amount of capital. Interest on Capital can be treated as either:
a. An Appropriation of profit; or 
b. A charge against profit.
 
A. Interest on Capital: An Appropriation of Profits:
Acco-5
 
B. Interest on Capital: As a Charge against Profits:
Interest on Capital is always allowed in full irrespective of amount of profits of losses.
 
Note:
Interest on Capital is always calculated on the OPENING CAPITAL.
Il’ Opening Capital is not given in the question, it should be ascertained as follows:
Acco-6
 
INTEREST ON DRAWINGS
Interest on drawing is charged by the firm only when it is clearly mentioned in Partnership Deed. It is calculated with reference to the time period for which the money was withdrawn. There are two cases in which calulation of interest on drawings may arise:
 
Case 1: When Rate of Interest on Drawings is given in %
Interest on Drawings is calculated on flat rate irrespective of period.
Case 2: When Rate of Interest on Drawings is given in % p.a.
 
1. When date of Drawing is not given
Acco-7
 
2. When date of Drawings is given
 
Acco-8
 
Case 3: When different amount are withdrawn on different dates:
We have the following two methods to calculate the amount of interest on Drawing:
 
1. Simple Interest Method
In this method, interest on drawing is calculated for each amount of drawing individually on the basis of periods for which it remained withdrawn till the close of accounting period.
 
2. Product Method
In this method, the amounts of drawings are multiplied by the period for which it remained withdrawn during the period;Thereafter the products are added and interest is calculated on the total of products so arrived at for one month. The advantage of this system is that separate calculations are not required each time.
We can explain the above mentioned two methods with the help of an example.
 
Acco-9
 
Interest on drawings is to be charged @ 9% p.a
 
SIMPLE METHOD
 
Acco-10
Acco-11
 
Acco-12
 
Interest = Total of products * 9/100* 1/12= 306000*9/100*1/12 = Rs 2295/-.
 
Case 4: When an equal amount is withdrawn regularly
Interest on Drawing can be calculated using either Product Method or Direct Method (i.e. Short Cut Method)
Direct Method will be used only if all the following three conditions are satisfied:
1. Amount should be same throughout the period
2. Date of Drawings should be same throughout the period
3. Drawings should be made regularly without any gap.
 
Acco-13
 
Value of T under Different circumstances will be as under:
Acco-14
Acco-15
 
INTEREST ON PARTNERS LOAN
If a partner has given loan to the firm, he is entittled to receive interest on such loan at an agreed rate.
 
It is a charge against profits. It is provided irrespective of profits or loss. It will also be provided in the absence of Partnership Deed @ 6% per annum.
 
The following entries are passed to record the interest on partner’s loan
1. For allowing Interest on loan:
Interest on Partner’s Loan A/cDr.
To Partner’s Loan A/c
(Being interest on loan allowed @ % p.a.)
2. For transferring Interest on Loan to Profit and Loss A/c:
Profit and Loss A/cDr.
 
To Interest on Loan A/c
(Being Interest on loan transferred to P & L A/c)
It is always DEBITED to Profit and Loss A/c
Rent Paid to Partner.
Rent paid to a partner is also a charge against profits and it will also be
 
DEBITED to Profit and Loss A/c
Acco-16
 
PAST ADJUSTMENTS
If, after preparation of Final Accounts of firm, it is found that some errors or commission in accounts has occurred than such errors or omissions are rectified in the next year by passing an adjustment entry.
A statement is prepared to ascertain the net effect of such errors or omissions on partner’s capital/current accounts in the following manner.
 
Statement showing adjustment
Acco-17
Acco-18
 
+ Indicates Amount to be Credited to Partner’s Capital Account – Indicates Amount to be Debited to Partners Capital Account
Acco-19
During Past Adjustment it is not compulsory that capital accounts of all partners are affected.
More than one partners Capital Account may be debited or credited but amount of debit & credit should be equal.
 
GUARANTEE OF PROFITS TO A PARTNER
 
Guarantee is an assurance given to the partner of the firm that at least a fixed amount shall be given to him/her irrespective of his/her actual share in profits of the firm. If actual share in profits is less than the guaranteed amount in that case the deficit amount shall be borne either by the firm or by any partner as the case may be or as may have been decided bya na agreement.
 
Note: Guarantee to a partner is given for minimum share in profits. If the actual share in profits is more than the minimum share in profits, then the actual profits will be allowed to the partner.
 
Case: 1. When guarantee is given by FIRM (i.e. by all the Partners of the firm)
1. If share in actual profits is less than the guaranteed amount then. Guaranteed amount to a partner is first written off against the profits and then,
2. Remaining profits are distributed among the remaining partners in the remaining ratio.
 
Case: 2. When guarantee is given by a partner or partners to another partner.
1. Calculate the share in profits for the partner to whom guarantee is given.
2. If share in profits is more than the guaranteed amount, distribute the profit as per the profit and loss sharing ratio in usual manner.
3. If share in profits is less than the guaranteed amount, find the difference between the share in profits and the guaranteed amount and the difference known as deficiency.
Deficiency is contributed by the partner or partners who guaranteed in certain ratio and subtracted from his or their respective shares.

 

Q.1. A and B are partners. A gave a loan of ₹ 8,000 to the firm on 1.4.12. The Partnership Deed is silent upon interest on loan. How much interest on loan will be provided to him?
Accounting year is calendar year
(a) ₹ 480
(b) ₹360
(c) ₹ 200
(d) none of the above
Answer : B

Q.2. On 31.3.12, after the close of books of accounts, the capital a/c of Ram, Shyam & Mohan showed a balance of ₹24,000, ₹ 18,000 and ₹ 12,000 respectively. The profits for the year ended 31.3.12 amounted to Rs. 36,000 and the partner’s drawings had been Ram-Rs. 3,600, Shyam-₹ 4,500 and Mohan-₹ 2,700. The Profit Sharing Ratio was 3:2:1. How much will be the opening capital?
(a) Ram-₹15,600, Shyam-₹10,500, Mohan-₹ 8,700
(b) Ram-₹15,650, Shyam-₹ 10,550, Mohan-₹ 2,750
(c) Ram-₹15,600, Shyam-₹10,500, Mohan-₹ 2,800
(d) None of the above
Answer : A

Q.3. If Partnership Deed is silent, how much salary will be provided to partners?
(a) Proportionate to capital contribution
(b) Proportionate to time spent
(c) Nil
(d) none of the above
Answer : C

Q.4. A, B and C are partners in a firm. They decided to share profits upto ₹ 10,000 in the ratio of 50%, 30% and 20% respectively. Above this amount, profits are shared equally. If the profits of the firm for the year was ₹25,600. Distribute the profits.
(a) A-₹10,000, B-₹8,500, C-₹7,500
(b) A-₹10,200, B-₹8,100, C-₹7,300
(c) A-₹10,200, B-₹8,200, C-₹7,200
(d) A-₹10,200, B-₹8,200, C-₹.7,500
Answer : C

Q.5. A, B and C are partners sharing profits and losses in the ratio of 2:1:2. Their capitals were ₹3,00,000, ₹1,00,000 and ₹2,00,000 respectively. Interest on capital for the year 2011 was credited to them @ 9% p.a. instead of 10% p.a. The profits for the year before charging interest was ₹ 2,50,000. Which of the following journal entry is correct?
(a) A’s Capital A/c Dr. 200
     C’s Capital A/c Dr. 400
             To B’s Capital A/c 600
(b) B’s Capital A/c Dr. 200
     C’s Capital A/c Dr. 400
             To A’s Capital A/c 600
(c) B’s Capital A/c Dr. 200
     A’s Capital A/c Dr. 400
             To C’s Capital A/c 600
(d) None of the above
Answer : B

Q.6. X and Y are partners. X drew regularly ₹400 at the beginning of every month for six months ending 30.6.12. Calculate interest on drawings @ 5% p.a.?
(a) ₹ 40
(b) ₹ 38
(c) ₹ 29
(d) ₹35
Answer : D

Part 1 Chapter 01 Accounting for Not for Profit Organisation
CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Worksheet
Part 1 Chapter 02 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 03 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
Part 1 Chapter 04 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 05 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
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
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Financial Analysis And Tools For Financial Analysis Worksheet
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet
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

Worksheet for CBSE Accountancy Class 12 Part 1 Chapter 2 Accounting for Partnership Basic Concepts

We hope students liked the above worksheet for Part 1 Chapter 2 Accounting for Partnership Basic Concepts designed as per the latest syllabus for Class 12 Accountancy released by CBSE. Students of Class 12 should download in Pdf format and practice the questions and solutions given in the above worksheet for Class 12 Accountancy on a daily basis. All the latest worksheets with answers 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 class tests and examinations. Expert teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. After solving the questions given in the worksheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers. 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.

Where can I download latest CBSE Printable worksheets for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts

You can download the CBSE Printable worksheets for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts for latest session from StudiesToday.com

Is there any charge for the Printable worksheets for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts

There is no charge for the Printable worksheets for Class 12 CBSE Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts you can download everything free

Are there any websites that offer free test sheets for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts

Yes, studiestoday.com provides all latest NCERT Part 1 Chapter 2 Accounting for Partnership Basic Concepts Class 12 Accountancy test sheets with answers based on the latest books for the current academic session

What topics are covered in CBSE Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts worksheets?

CBSE Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Basic Concepts worksheets cover all topics as per the latest syllabus for current academic year.

How can I use worksheets to improve my Class 12 Accountancy scores?

Regular practice with Class 12 Accountancy worksheets can help you understand all concepts better, you can identify weak areas, and improve your speed and accuracy.