CBSE Class 12 Accountancy Compartment Question Paper Solved 2020

Accountancy
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Access and download CBSE Class 12 Accountancy Compartment Question Paper Solved 2020, carefully designed as per the latest 2026-27 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.

CBSE Class 12 Accountancy Exam Question Papers

Check out these Class 12 Accountancy question papers to get familiar with actual test rules and scoring systems. Solving these papers regularly sharpens your time management and problem-solving accuracy. Access the complete CBSE Class 12 Accountancy Compartment Question Paper Solved 2020 to practice at home.

Accountancy Question Papers for Class 12 (2026-27)

PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)
 
1. The account which shows classified summary of transactions of a ‘Cash Book’ in a Not-for-Profit Organisation is called :
 
(A) Income and Expenditure A/c
 
(B) Receipts and Payments A/c
 
(C) Profit and Loss A/c
 
(D) Subscriptions A/c
 
2. Give the average period, in months, for charging interest on drawings of a fixed amount, withdrawn at the end of each quarter.
 
3. X, Y and Z are partners in a firm sharing profits and losses in the ratio of 6 : 4 : 1. X guaranteed a profit of < 15,000 to Z. The net profit for the year ending 31st March, 2019 was < 99,000. X’s share in the profit of the firm will be :
 
(A) < 30,000
 
(B) < 15,000
 
(C) < 48,000
 
(D) < 45,000
 
4. Average profit of a firm during the last few years is < 1,50,000. In similar business, the normal rate of return is 10% of the capital employed. Calculate the value of goodwill by capitalisation of super profit method if super profits of the firm are < 50,000. 
 
5. Goodwill is the value of ______________________ . 
 
6. A, B and C were partners in a firm sharing profits and losses in the ratio of 1/2: 1/3: 1/6  D was admitted in the firm for 1/6th share. C would retain his original share. Calculate the new profit sharing ratio.
 
7. State any one right acquired by a newly admitted partner. 
 
8. In the absence of any agreement, the rate of interest payable on the amount remaining unpaid to the executor of deceased partner is 
 
(A) 8% p.a.
 
(B) 6% p.a.
 
(C) 9% p.a.
 
(D) 12% p.a.
 
9. A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 25th February, 2019, B died. B’s share of profit till the date of his death was calculated at < 5,000.
Pass the necessary journal entry for the same in the books of the firm.
 
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Past Exam Papers & Solutions for Class 12 Accountancy

Last 10 Years Question Papers for Class 12 Accountancy

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 Compartment Question Paper Solved 2020 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.

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

Yes, the solutions for CBSE Class 12 Accountancy Compartment Question Paper Solved 2020 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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