CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

Access and download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I, carefully designed as per the latest 2025-26 examination guidelines issued by CBSE, NCERT, and KVS. These Class 12 Accountancy previous year question papers include detailed solutions, helping students to assess their performance and identify and improve key areas before the final exams.

Solved Accountancy Question Papers for Class 12

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 Solved Set I to begin your self-assessment today.

Accountancy Class 12 Question Paper PDF with Solutions

PART – A
(Accounting for Not-For-Profit-Organisations, Partnership Firms and Companies)
1. Disha and Abha were partners in a firm. Farad was admitted as a new partner for 1/5th share in the profits of the firm. Farad brought proportionate capital. Capitals of Disha and Abha after all adjustments were ₹ 64,000 and ₹46,000 respectively. Capital brought by Farad was :
(a) ₹22,000         (b) ₹27,500          (c) ₹55,000         (d) ₹28,000 
 
2. Which of the following is not a capital receipt ?
(a) Donations for tournament       (b) Donations for building fund
(c) Life membership fee               (d) Entrance fees
 
3. What is meant by ‘Authorised Capital’ ? 
 
4. Saurabh, Shirin and Somesh are partners in a firm sharing profits and losses in the ratio of 3:2:1. Somesh retires and the new profit sharing ratio between Saurabh and Shirin is 3:2. The gaining ratio between Saurabh and Shirin will be :
(a) 3:2         (b) 3:1         (c) 1:1          (d) 2:1 1
 
5. Mohit and Rohit were partners in a firm with capitals of ₹80,000 and ₹40,000 respectively. The firm earned a profit of ₹30,000 during the year.
Mohit’s share in the profit will be :
(a) ₹20,000        (b) ₹10,000          (c) ₹15,000          (d) ₹18,000 
 
6. In case of retirement of a partner, profit or loss on revaluation of assets and re-assessment of liabilities is distributed among _______ partners in _______ ratio.
 
7. Vanya Ltd. forfeited 20,000 equity shares of ₹100 each for non-payment of first and final call of ₹40 per share. The maximum amount of discount at which these shares can be re-issued will be :
(a) ₹8,00,000     (b) ₹12,00,000      (c) ₹20,00,000      (d) ₹20,000
 
8. _________ means any offer of securities to a select group of persons by a company other than by way of public offer.
 
9. Shahi Ltd. decided to redeem its 8,000, 11% debentures of ₹100 each at a premium of 10%. The minimum amount transferred to debenture redemption reserve will be :
(a) ₹8,00,000      (b) ₹4,00,000        (c) ₹2,00,000       (d) ₹2,20,000
 
10. Which of the following does not result into reconstitution of a firm ?
(a) Dissolution of partnership firm.
(b) Dissolution of partnership.
(c) Change in profit-sharing-ratio of existing partners.
(d) Death of partner.
 
11. Jaipur Club has a prize fund of ₹ 6,00,000. It incurs expenses on prizes amounting to ₹5,20,000. The expenses should be
(a) debited to income and expenditure account.
(b) presented on the asset side of the balance sheet.
(c) debited to income and expenditure account and presented on the asset side of the balance sheet.
(d) deducted from the prize fund on the liability side of the balance sheet.
 
12. No debenture redemption reserve is required for debentures issued by :
(a) manufacturing companies (b) infrastructure companies
(c) banking companies (d) trading companies
 
13. The portion of uncalled capital to be called only in the event of winding up of the company is called _________.
 
14. Kabir and Farid are partners in a firm sharing profits in the ratio of 3:1 on 1-4-2019 they admitted Manik into partnership for 1/4th share in the profits of the firm. Manik brought his share of goodwill premium in cash.
Goodwill of the firm was valued on the basis of 2 years purchase of last three years average profits. The profits of last three years were :
2016-17        ₹90,000
2017-18        ₹1,30,000
2018-19        ₹ 86,000
During the year 2018-19 there was a loss of ₹20,000 due to fire which was not accounted for while calculating the profit.
Calculate the value of goodwill and pass the necessary journal entries for the treatment of goodwill.
Raka, Seema and Mahesh were partners sharing profits and losses in the ratio of 5:3:2. With effect from 1st April, 2019, they mutually agreed to share profits and losses in the ratio of 2:2:1.
On that date, there was a workmen’s compensation fund of ₹90,000 in the books of the firm. It was agreed that :
 
(i) Goodwill of the firm be valued at ₹70,000.
(ii) Claim for workmen’s compensation amounted to ₹40,000.
(iii) Profit on revaluation of assets and re-assessment of liabilities amounted to ₹40,000.
Pass necessary journal entries for the above transactions in the books of the firm.
Please click on below link to download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I.
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)

CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

To understand the types of questions asked in past examinations, it is very important for Class 12 students to solve the CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I provided above. You can easily download these past papers for Class 12 Accountancy in PDF format for the last 10 years. By practicing these actual exam questions you will gain an understanding of the difficulty level and the variety of topics covered over the years. By solving these Previous Year Papers (PYPs) you will understand both descriptive and MCQ questions in your final tests.

Importance of solving CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

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

Benefits of downloading CBSE Class 12 Question Papers

Having the CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I 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 on studiestoday.com for a complete revision.

Where can I download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I in Pdf

You can download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I from StudiesToday.com

How can I download and print CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

You can easily access the link above and download CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I and save on your computer of mobile

How can I improve my scores by solving CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

Regular practice of sample CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I can help you to score better marks in exams

Are there any websites that offer free CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

Yes, studiestoday.com provides all latest CBSE Class 12 Accountancy Question Papers with answers based on the latest format issued for current academic session

Are mock CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I available in multiple languages

Yes, mock CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I are available in multiple languages, including English, Hindi