CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 2

CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 2. Students can download the last year question papers using the link below. Free download of examination question papers with solutions. Last 10 year question papers should be practised to get better marks in examinations.


1. Neetu, Meetu and Teetu were partners in a firm. On 1st January, 2018,Meetu retired.On Meetu’s retirement the goodwill of the firm was valued at rs.4,20,000.

Pass necessary journal entry for the treatment of goodwill on Meetu’s retirement.

2. Amit and Beena were partners in a firm sharing profits and losses in the ratio of 3 : 1. Chaman was admitted as a new partner for 61 th share in the profits. Chaman acquired 52 th of his share from Amit. How much share did Chaman acquire from Beena ?

3. Is ‘Reserve Capital’ a part of ‘Unsubscribed Capital’ or ‘Uncalled Capital’ ?

4. Give the meaning of ‘Debentures issued as Collateral Security’.

5. Distinguish between ‘Dissolution of partnership’ and ‘Dissolution of partnership firm’ on the basis of settlement of assets and liabilities.

6. Ritesh and Hitesh are childhood friends. Ritesh is a consultant whereas Hitesh is an architect. They contributed equal amounts and purchased a building for rs. 2 crores. After a year, they sold it for rs.3 crores and shared the profits equally. Are they doing the business in partnership ?Give reason in support of your answer.

7. What is meant by a ‘Share’ ? Give any two differences between ‘Preference Shares’ and ‘Equity Shares’.

8. Jayant, Kartik and Leena were partners in a firm sharing profits and losses in the ratio of 5 : 2 : 3. Kartik died and Jayant and Leena decided to continue the business. Their gaining ratio was 2 : 3.Calculate the new profit sharing ratio of Jayant and Leena.

9. NK Ltd., a truck manufacturing company, is registered with an authorised capital of rs1,00,00,000 divided into equity shares of Rs.100 each. The subscribed and paid up capital of the company is Rs.50,00,000.The company decided to open technical schools in the Jhalawar district of Rajasthan to train the specially abled children of the area. It is planning to provide them employment in its various production units and industries in the neighbourhood area. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 2.



Click to View or Download pdf file
Click for more Accountancy Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Procedure for correction in Name and Date of Birth

Procedure for correction in Name and Date of Birth in CBSE records Name Change: Applications regarding changes in name or surname of candidates will be considered provided the changes have been admitted by the Court of law and notified in the Government Gazette before...

Applied Mathematics Introduced by CBSE as Elective for Class 11 and Class 12

Mathematics Syllabus Revised by CBSE at the Senior Secondary Level! The Central Board of Secondary Education (CBSE) to offer 'Applied Mathematics' as an Elective for XI and XII standard students. The elective subject, Applied Mathematics, is focused at evolving an...

CBSE Board Results for Class 10 and Class 12

Anticipated CBSE result 2020 Date and Time: This is all you wish to know! Here is the news which all students are waiting for. The expected date and time for the CBSE Class X and XII Results 2020 can be viewed here by the students. CBSE Result 2020: The Central Board...

Class 10 and Class 12 Board Exams to be resumed only for Main Subjects

The CBSE Board Exams have been postponed twice this year! New Delhi: The Education Ministry has urged the Central Board of Secondary Education (CBSE) to reinstitute the board exams only for the main subjects. As per the official statement the Board will not conduct...

Critical notice issued by CBSE relating to Boards and other classes

Critical notice issued by CBSE relating to Boards and other classes

CBSE Board Exams in July Press Release

CBSE has released press note for the dates for the CBSE Board exams for Class 10. CBSE said “With regards to conduct of Class X examinations several queries are being received by the CBSE. In this context, it is once again reiterated that remaining examinations of...

Studies Today