CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved

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Find CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved right below. We provide standard Class 12 Accountancy previous year question papers packed with detailed solutions for the 2026-27 term, following guidelines set by CBSE, NCERT, and KVS. Practice these tests to build confidence and score better marks.

Previous Year Papers: Class 12 Accountancy (CBSE)

Practicing these Class 12 Accountancy question papers is the best way to understand the actual exam pattern and marking scheme. By solving these papers under timed conditions, Class 12 students can improve their speed and accuracy. Download the full CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved to begin your self-assessment today.

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ACCOUNTANCY
1. Riva, Meetu and Asha were partners in a firm sharing profit and losses in the ratio of 1 : 2 : 3. Meetu died on 31st July, 2019. According to the partnership agreement, her share of profit from the closure of last accounting year till the date of her death was to be calculated on the basis of aggregate profits of two completed years before her death. Profits of the firm for the years ending 31st March, 2018 and 31st March, 2019 were ₹ 46,000 and ₹ 44,000 respectively. The firm closes its books on
31st March every year. Meetu’s share of profit till the date of her death will be :
(A) ₹ 20,000
(B) ₹ 5,000
(C) ₹ 10,000
(D) ₹ 45,000
 
2. Excess value of net assets over purchase consideration at the time of purchase of business is :
(A) Credited to the Capital Reserve.
(B) Debited to the Goodwill Account.
(C) Credited to the General Reserve Account.
(D) Credited to the Vendor’s Account.
 
3. First call amount received in advance from the shareholders before it is actually called up by the directors is :
(A) Debited to calls-in-advance account.
(B) Credited to share allotment account.
(C) Debited to first call account.
(D) Credited to calls-in-advance account.
 
4. Supreme Ltd. issued 1,000, 11% Debentures of ₹ 100 each at par, redeemable after five years at a premium of 10%. The minimum amount invested in Debenture Redemption Investments will be :
(A) ₹ 25,000
(B) ₹ 27,500
(C) ₹ 16,500
(D) ₹ 15,000
 
5. Fill in the blanks for the transaction ‘Interest on drawings’ ₹ 4,000. 1
                                          Journal
Date             Particulars                    L.F.       Dr.         Cr.
                                                                   ₹           ₹
          ......................... Dr.                       4,000
         To .............................                                  4,000
    (Being Interest on drawings charged)
 
6. On 1st April, 2018, Queens Club had a Prize Fund of ₹ 4,00,000. During the year it incurred expenses on prizes amounting to ₹ 4,30,000. The balance of Prize Fund in the Balance Sheet as on 31st March, 2019 will be :
(A) ₹ 30,000
(B) ₹ 4,00,000
(C) (₹ 30,000)
(D) Zero
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Past Exam Papers & Solutions for Class 12 Accountancy

Download CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved for Class 12 Accountancy

To familiarize yourself with recurring exam trends, it is essential for Class 12 learners to review the CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved shared above. These past papers for Class 12 Accountancy are readily accessible as a PDF format for the last 10 years download. Working through these real examination sets reveals the true difficulty scale and thematic coverage, preparing you thoroughly for both descriptive and MCQ sections.

Master Marking Schemes and Time Management

Regularly practicing CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 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.

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Downloading the CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved ensures you can revise offline without requiring constant internet access. These curated collections provide excellent practice for numerical challenges and standard answer formatting. Following your practice, compare results with professional teacher solutions alongside our recommended Class 12 Accountancy sample papers and MCQ assessments for thorough revision.

FAQs

Where can I download the official PDF for CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved?

The CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 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 05 Solved based on the official CBSE marking scheme?

Yes, the solutions for CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 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 05 Solved help in preparing for the 2026 exams?

Solving previous year papers like CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 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 05 Solved in different languages?

Yes, where applicable, CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved is available in both English and Hindi mediums. All students from Class 12 can access Accountancy study material in their preferred language.

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No, all previous year question papers on StudiesToday, including CBSE Class 12 Accountancy Boards 2020 Question Paper Set 05 Solved, are provided free of charge in mobile-friendly PDF.