CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 Solved

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Find CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 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 08 Solved to begin your self-assessment today.

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PART – A
(Accounting for Not-for-profit-organizations,
Partnership Firms and Companies)
1. Capital Reserve is created out of ______ profits.
 
2. Avya, Divya and Kavya were equal partners. They decided to change the profit sharing ratio to 4 : 3 : 2. For this purpose the goodwill of the firm was valued at ` 90,000.
The journal entry for the treatment of Goodwill on change in profit sharing ratio will be :
             Particular                                       Debit           Credit
                                                               Amt. (₹)       Amt. (₹)
(a) Kavya’s Capital A/c. Dr. 10,000
               To Avya’s Capital A/c. 10,000
(b) Divya’s Capital A/c. Dr. 10,000
               To Avya’s Capital A/c. 10,000
(c) Avya’s Capital A/c. Dr. 90,000
               To Kavya’s Capital A/c. 90,000
(d) Avya’s Capital A/c. Dr. 10,000
               To Kavya’s Capital A/c. 10,000
 
3. Mohit, Shobhit and Rohit are partners sharing profits and losses in the ratio 2 : 1 : 1. Rohit is guaranteed a profit of ₹14,000. The firm incurred a profit of ₹20,000 during the year. Calculate the amount of deficiency borne by Mohit and Shobhit.
 
4. Which of the following is not a purpose for which the Securities Premium amount can be used ?
(a) Issuing fully paid bonus shares to shareholders.
(b) Issuing partly paid up bonus shares to shareholders.
(c) Writing off preliminary expenses of the company.
(d) In purchasing its own shares (buy back)
 
5. Tangible Assets of the firm are ₹ 14,00,000 and outside liabilities are`₹ 4,00,000. Profit of the firm is ₹ 1,50,000 and normal rate of return is
10%. The amount of Capital employed will be
(a) ₹ 10,00,000           (b) ₹ 1,00,000
(c) ₹ 50,000                (d) ₹ 20,000 
 
6. Income and Expenditure Account records :
(a) Receipts and Payments of Revenue and Capital nature both.
(b) Income and Expenditure of Revenue nature only.
(c) Expenditure of Capital nature only.
(d) Receipts of Revenue nature only.
 
7. When the business of the firm becomes illegal, the way of dissolution of the firm is ________.
 
8. Amla, Bimla and Kavita were partners sharing profits and losses in the ratio of 4 : 3 : 1. Bimla retires and gives her share of profit to Amla for ` 3,600 and to Kavita for ` 3,000. The gaining ratio of Amla and Kavita will be :
(a) 4 : 5                    (b) 2 : 1
(c) 6 : 5                    (d) 4 : 1
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CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 Solved & Previous Year Question Papers for Class 12 Accountancy

Download CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 Solved 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 08 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.

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Making use of the CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 Solved regularly optimizes your final Class 12 Accountancy score. These files outline the critical marking scheme and evaluation layout established by the CBSE. Attempting them under strict exam environments trains your pacing, guaranteeing you can finish the Accountancy exam duration efficiently.

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Having the CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 Solved in PDF format allows you to revise key concepts anywhere, even without an internet connection. These sets are a reliable tool to practice numerical problems and understand the correct approach to all types of answers. After solving the questions, you should compare your work with the solutions provided by our teachers. Along with these papers, students should always solve the Class 12 Accountancy sample papers and MCQ tests online for a complete revision.

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The CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 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 08 Solved based on the official CBSE marking scheme?

Yes, the solutions for CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 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.

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Solving previous year papers like CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 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.

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Yes, where applicable, CBSE Class 12 Accountancy Boards 2020 Question Paper Set 08 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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