CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set B

Read and download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set B 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

Accountancy Question Paper Class 12 2020

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 B

Accountancy Class 12 Question Paper 2020

ACCOUNTANCY
1. Why does the Fixed Capital Account of partners show credit balance even when the firm suffers losses year after year ?
 
2. Milan, Khilan and Silam 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. After the revaluation of assets and re-assessment of liabilities, Revaluation Account showed a loss of ₹ 15,000. The amount to be debited in the capital account of Milan
because of loss on revaluation will be : 1
(A) ₹ 15,000
(B) ₹ 6,000
(C) ₹ 7,000
(D) ₹ 5,000
 
3. Name an item which is transferred to credit side of Realisation Account at the time of dissolution of partnership firm, but does not involve cash payment. 
 
4. 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.
 
5. P and Q were partners in a firm sharing profits in the ratio of 5 : 3. R was admitted for 1/4th share in the profits, of which he took 75% from P and the remaining from Q. Calculate the sacrificing ratio of P and Q.
 
6. Excess of issue price of a debenture over its face value is called ________ .
 
7. A, B and C were partners in a firm sharing profits in the ratio of 2 : 2 : 1. C retired. The balance in this capital account after adjustments regarding reserves, accumulated profits/loss and revaluation of assets and liabilities was ₹ 4,40,000. C was paid < 5,00,000 including his share of goodwill. The amount that was credited to his capital account on account of goodwill was :
(A) ₹ 60,000
(B) ₹ 3,00,000
(C) ₹ 1,00,000
(D) ₹ 12,000
 
8. 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.
 
9. 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.
 
10. 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.
 
11. 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 _________ .
 
12. Mona and Tina were partners in a firm sharing profits in the ratio of 3 : 2. Naina was admitted with 1/6th 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.
 
13. 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
Please click on below link to download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set B.

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2021
CBSE Class 12 Accountancy Question Paper 2021 Set A Solved
CBSE Class 12 Accountancy Question Paper 2021 Set B Solved
CBSE Class 12 Accountancy Question Paper 2021 Set C Solved
CBSE Class 12 Accountancy Question Paper 2021 Set D Solved
2020
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set A
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set B
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set C
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set D
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set E
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set F
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set G
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set H
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I
CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set J
CBSE Class 12 Accountancy Compartment Question Paper Solved 2020
CBSE Class 12 Accountancy Question Paper 2020 Set A
CBSE Class 12 Accountancy Question Paper 2020 Set B
2019
CBSE Class 12 Accountancy Question Paper Solved 2019 Set A
CBSE Class 12 Accountancy Question Paper Solved 2019 Set B
CBSE Class 12 Accountancy Question Paper Solved 2019 Set C
CBSE Class 12 Accountancy Question Paper Solved 2019 Set D
CBSE Class 12 Accountancy Question Paper Solved 2019 Set E
CBSE Class 12 Accountancy Question Paper Solved 2019 Set F
CBSE Class 12 Accountancy Question Paper Solved 2019 Set G
CBSE Class 12 Accountancy Question Paper Solved 2019 Set H
CBSE Class 12 Accountancy Question Paper Solved 2019 Set I
CBSE Class 12 Accountancy Question Paper Solved 2019 Set J
CBSE Class 12 Accountancy Question Paper Solved 2019 Set K
CBSE Class 12 Accountancy Question Paper Solved 2019 Set L
CBSE Class 12 Accountancy Question Paper Solved 2019 Set M
CBSE Class 12 Accountancy Question Paper Solved 2019 Set N
CBSE Class 12 Accountancy Question Paper Solved 2019 Set O
2018
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 1
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 2
CBSE Class 12 Accountancy Board Question Paper Solved 2018 Set 3
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 1
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 2
CBSE Class 12 Accountancy Compartment Question Paper Solved 2018 Set 3
2017
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper All India with Answers 2017 (3)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper Delhi with Answers 2017 (3)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (1)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (2)
CBSE Class 12 Accountancy Question Paper Foreign with Answers 2017 (3)
2016
CBSE Class 12 Accountancy Question Paper 2016 Set 1
CBSE Class 12 Accountancy Question Paper 2016 Set 1 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 1 Foreign
CBSE Class 12 Accountancy Question Paper 2016 Set 2
CBSE Class 12 Accountancy Question Paper 2016 Set 2 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 2 Foreign
CBSE Class 12 Accountancy Question Paper 2016 Set 3
CBSE Class 12 Accountancy Question Paper 2016 Set 3 Delhi
CBSE Class 12 Accountancy Question Paper 2016 Set 3 Foreign
2015
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 1) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 2) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)
2014
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 1 - Outside Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 2 - Outside Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Delhi
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Foreign
CBSE Class 12 Accountancy Question Paper 2014 Set 3 - Outside Delhi
CBSE Class 12 Accountancy Question Paper SA1 2014 (1)
CBSE Class 12 Accountancy Question Paper SA1 2014 (2)
CBSE Class 12 Accountancy Question Paper SA1 2014 (3)
CBSE Class 12 Accountancy Question Paper SA2 2014
2013
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (1)
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (2)
CBSE Class 12 Accountancy Question Paper - Delhi 2013 (3)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (1)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (2)
CBSE Class 12 Accountancy Question Paper - Foreign 2013 (3)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (1)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (2)
CBSE Class 12 Accountancy Question Paper - Outside Delhi 2013 (3)
CBSE Class 12 Accountancy Question paper 2013
CBSE Class 12 Accountancy Question Paper SA1 2013
CBSE Class 12 Accountancy Question Paper SA2 2013
2012
CBSE Class 12 Accountancy Question Paper 2012
CBSE Class 12 Accountancy Question Paper SA1 2012 (1)
CBSE Class 12 Accountancy Question Paper SA1 2012 (2)
2011
CBSE Class 12 Accountancy Question paper 2011
2010
CBSE Class 12 Accountancy Question Paper SA1 2010 (1)
2009
CBSE Class 12 Accountancy Question paper 2009
2008
Accountancy Question paper 2008
CBSE Class 12 Accountancy Question Paper 2008
CBSE Class 12 Accounts Question Paper 2008
CBSE Class 12 Accounts Question Paper 2008 Answers(2)
CBSE Class 12 Accounts Question Paper 2008(2)
2007
CBSE Class 12 Accountancy Question Paper 2007 (1)
CBSE Class 12 Accountancy Question Paper 2007 (2)
CBSE Class 12 Accountancy Question Paper 2007 (3)
2006
CBSE Class 12 Accountancy Question Paper 2006 (1)
CBSE Class 12 Accountancy Question Paper 2006 (2)
CBSE Class 12 Accountancy Question Paper 2006 (3)
CBSE Class 12 Accountancy Question Paper 2006 (4)
2005
CBSE Class 12 Accountancy Question Paper 2005 (1)
CBSE Class 12 Accountancy Question Paper 2005 (2)
* More Question Papers
CBSE Class XII Accountancy Question Paper 1
CBSE Class XII Accountancy Question Paper 2
CBSE Class XII Accountancy Question Paper 3
CBSE Class XII Accountancy Question Paper 4
CBSE Class XII Accountancy Question Paper 2009
CBSE Class 12 Accountancy Question Paper 2022 Set A Solved
CBSE Class 12 Accountancy Question Paper 2022 Set B Solved
CBSE Class 12 Accountancy Question Paper 2022 Set C Solved
CBSE Class 12 Accountancy Question Paper 2022 Set D Solved

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