CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved

Accountancy
Download PDF

Read CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved below. Find downloadable Class 12 Accountancy previous year question papers complete with answers, aligned with the 2026-27 assessment patterns of CBSE, NCERT, and KVS. Reviewing these sets helps every Class 12 learner check their readiness for upcoming exams.

Solved Accountancy Question Papers for Class 12

Every Class 12 Accountancy student should practice with these question papers to understand question trends and marks distribution. Working through them in a timed test environment makes you faster and more accurate. Use the full CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved for your daily self-tests.

Get Class 12 Accountancy Previous Year Paper PDF

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.
 
 
Please click on below link to download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A.

Free study material for Accountancy

Practice Exam Question Papers for Class 12 Accountancy CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved

Last 10 Years Question Papers for Class 12 Accountancy

Analyzing previous exam trends is vital for Class 12 students, making the CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved above an essential resource. You can conveniently download these past papers for Class 12 Accountancy in a convenient PDF format for the last 10 years. Regular practice helps decode question complexities and tests styles, ensuring full readiness for upcoming descriptive and objective assessments.

Exam Structure & Time Management for Accountancy

Regularly practicing CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved is the best way to improve your score in Class 12 Accountancy. These papers will give you details of the marking scheme and the paper structure used by the CBSE. By regularly attempting these under actual exam conditions at home, you can slowly improve your time management skills, which will help you to complete your Accountancy paper within the allowed duration.

Enhance Practice with Sample Papers & MCQs

Carrying the CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved in portable formats facilitates seamless offline learning. These practice papers serve as trusted tools for working through numerical problems and learning answer frameworks. Review your answers using our teacher-prepared keys, and extend your study using our Class 12 Accountancy sample papers and online MCQ practice modules.

FAQs

Where can I download the official PDF for CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved?

The CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved is available for download on StudiesToday.com. It includes complete set with all sections so that Class 12 students can practice with the exact same paper that came in the CBSE exams.

Are the solutions for CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved based on the official CBSE marking scheme?

Yes, the solutions for CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved are prepared by subject matter experts as per official marking scheme. Class 12 students will understand the structure of answers and 'step-marks' methodology Accountancy.

How does solving CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved help in preparing for the 2026 exams?

Solving previous year papers like CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved is important to understand repeat themes and question difficulty levels of Accountancy. It helps Class 12 students to test their time management skills too.

Can I access CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved in different languages?

Yes, where applicable, CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved is available in both English and Hindi mediums. All students from Class 12 can access Accountancy study material in their preferred language.

Is there a charge to download the CBSE Class 12 Accountancy solved papers?

No, all previous year question papers on StudiesToday, including CBSE Class 12 Accountancy Boards 2020 Question Paper Set 01 Solved, are provided free of charge in mobile-friendly PDF.