CBSE Class 12 Accountancy Boards 2020 Question Paper Solved Set I

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

Accountancy Class 12 Question Paper 2020

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.

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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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