# CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A

Read and download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A designed as per the latest question paper pattern and Class 12 examination guidelines issued by CBSE, NCERT and KVS. The past year Question Papers for Class 12 Accountancy have been provided with solutions which will help students to assess their performance and find out topics in Accountancy grade 12 which they need to improve to get better marks in Standard 12 exams. After solving these last year papers also refer to solved Sample Papers for Class 12 Accountancy available on our website to build strong understanding of the subject

## Question Paper for Class 12 Accountancy 2020 Pdf

Students can refer to the below Class 12 Accountancy Question Paper designed to help students understand the pattern of questions that will be asked in Grade 12 exams. Please download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A

### Accountancy Class 12 Question Paper 2020

ACCOUNTANCY

1. In case the partners’ capitals are fixed, in which account will withdrawal of capital be recorded ?

2. Meera, Myra and Neera were partners sharing profits in the ratio of 2 : 2 : 1. They decided to share future profits in the ratio of 7 : 5 : 3 with effect from 1st April, 2019. Their Balance Sheet as on that date showed a balance of ₹ 45,000 in Advertisement Suspense Account. The amount to be debited respectively to the capital accounts of Meera, Myra and Neera for writing off the amount in Advertisement Suspense Account will be :
(A) ₹ 18,000, ₹ 18,000 and ₹ 9,000
(B) ₹ 15,000, ₹ 15,000 and ₹ 15,000
(C) ₹ 21,000, ₹ 15,000 and ₹ 9,000
(D) ₹ 22,500, ₹ 22,500 and Nil

3. Mona and Tina were partners in a firm sharing profits in the ratio of 3 : 2. Naina was admitted with 1/6 th share in the profits of the firm. At the time of admission, Workmen’s Compensation Reserve appeared in the Balance Sheet of the firm at ₹ 32,000. The claim on account of workmen’s compensation was determined at ₹ 40,000. Excess of claim over the reserve will be :
(A) Credited to Revaluation Account.
(B) Debited to Revaluation Account.
(C) Credited to old partner’s Capital Account.
(D) Debited to old partner’s Capital Account.

4. Diya, Riya and Tiya were partners sharing profits and losses in the ratio of 2 : 3 : 5. Tiya died on 28th November, 2019. Her share of profit was taken equally by Diya and Riya. Diya’s share of profit in the new firm will be _________ .

5. X and Y were partners in a firm sharing profits in the ratio of 7 : 3. Z was admitted for 1/5 th share in the profits which he took 75% from X and remaining from Y. Calculate the sacrificing ratio of X and Y.

6. Name an item that is never shown on the payment side of Receipts and Payments Account, but is shown on the debit side of the Income and Expenditure Account.

7. A, B and C were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. C retired and his capital balance after adjustments regarding reserves, accumulated profits/losses and his share of gain on revaluation was ₹ 2,50,000. C was paid ₹ 3,22,000 including his share of goodwill.

The amount credited to C’s capital account, on his retirement, for goodwill will be :
(A) ₹ 72,000
(B) ₹ 7,200
(C) ₹ 24,000
(D) ₹ 36,000

8. Rahul, Sahil and Jatin were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. Rahul died on 15th October, 2017. At that time, the capitals of Sahil and Jatin after all the adjustments were ₹ 3,56,000 and ₹ 2,44,000 respectively. Sahil and Jatin decided to adjust their capital according to their new profit sharing ratio by opening current accounts.
Calculate the new capitals of Sahil and Jatin.

9. Sun and Star were partners in a firm sharing profits in the ratio of 2 : 1.
Moon was admitted as a new partner in the firm. New profit sharing ratio was 3 : 3 : 2. Moon brought the following assets towards his share of goodwill and his capital :
₹
Machinery      2,00,000
Furniture       1,20,000
Stock            80,000
Cash             50,000
If his capital is considered as ₹ 3,80,000, the goodwill of the firm will be :
(A) ₹ 70,000
(B) ₹ 2,80,000
(C) ₹ 4,50,000
(D) ₹ 1,40,000

10. Rohan, Mohan and Sohan were partners sharing profits equally. At the time of dissolution of the partnership firm, Rohan’s loan to the firm will be :
(A) Credited to Rohan’s Capital Account.
(B) Debited to Realisation Account.
(C) Credited to Realisation Account.
(D) Credited to Bank Account.

11. Excess of issue price of a debenture over its face value is called ________ .

12. Which of the following statements does not relate to ‘Reserve Capital’ :
(A) It is part of uncalled capital of a company.
(B) It cannot be used during the lifetime of a company.
(C) It can be used for writing off capital losses.
(D) It is part of subscribed capital.

## More Study Material

### Previous Year Question Paper Accountancy Class 12

We hope you liked the above provided CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A. To get an understanding of the type of questions which were asked in previous year exams, it is important for Class 12 students to refer to CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A that we have provided above. Students can download all the Question Papers for Class 12 Accountancy which were issued in the exams so that you can practise them and solve all types of questions which have been asked till now. If you do CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A for Class 12 Accountancy you will easily understand the way examination question papers are set by teachers.

### Class 12 Accountancy Previous Year Question Papers

The past year question papers CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A covers all the topics which have been suggested by CBSE in their Class 12 Accountancy syllabus for the current year. By doing all CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A PYP (previous year papers) you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked and learn them so that you can get full marks in those questions.

We have provided links above of CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A in Pdf format so that you can just click the links and easily download the papers with answers. On studiestoday, we have also provided a download and print option for all CBSE Class 12 Accountancy last year papers and Sample Papers for Class 12 Accountancy to make it more easy for students. You can download CBSE Class 12 Accountancy Previous Year Question Papers and Class 12 Accountancy Sample Papers in PDF absolutely free of cost.

#### Accountancy Previous Year Question Papers Class 12 with Solutions

We have provided CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A with solutions. You will be able to understand the type of answers which you should write in Class 12 Accountancy exams to score good marks. You should attempt all the last year question paper for Class 12 and Class 12 Accountancy MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers. This way you will be able to identify your weak areas and also understand how the teachers of Class 12 Accountancy set their questions in the exams.

#### CBSE Class 12 Accountancy Previous Year Question Papers with solutions

We have provided the last 10 years Class 12 Accountancy Question Papers. Students who want to practice question papers from all previous years can easily get them on studiestoday. We are the leading website in India from which you can download all the latest Class 12 Accountancy study material for free as per the CBSE syllabus for Class 12 Accountancy for the current academic year.

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Yes, you can click on the links above and download Question Papers in PDFs for Class 12 for Accountancy. Click on above link to download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A

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