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

Read and download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set E 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 Class 12 which they need to improve to get better marks in Class 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

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 Class 12 exams. Please download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set E

### Accountancy Class 12 Question Paper

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

## 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 E. 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 E 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 E 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 E 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 E 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.

#### Class 12 Accountancy Model Question Paper Pdf Download

We have provided links above of CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set E 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 E 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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Can I download the previous year Question Papers of Class 12 Accountancy in Pdf

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 E

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