Here is CBSE Class 12 Accountancy Question Paper 2007 Set 01 for your practice. Download official Class 12 Accountancy previous year question papers featuring complete solutions, matched with the 2026-27 syllabus standards of CBSE, NCERT, and KVS. Solving these papers lets students track their progress and study efficiently.
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CBSE Class 12 Accountancy Question Paper 2007 (1). Students can download the last year question papers using the link below. Free download of examination question papers with solutions.Last 10 year question papers should be practised to get better marks in examinations.
PART-A
1. List any four items which can be credited to the Capital Account of a partner when the Capital Account is fluctuating.
2. State the conditions according to Sec. 79 of Company Act 1956 for the issue of shares at discount.
3. What is meant by ‘Preferential Allotment of Shares’ ?
4. Give the meaning of a Debenture.
5. Ram and Shyam were partners in a firm sharing profits in the ratio of 3 : 5. Their Fixed Capitals were: Ram Rs. 5,00,000 and Shyam Rs. 9,00,000. After the accounts of the year had been closed, it was found that interest on capital at 10% per annum as provided in the partnership agreement has not been credited to the Capital Accounts
of the partners. Pass a necessary entry to rectify the error.
6. AB Ltd. issued 5,00,000, 7% debentures of Rs. 50 each. Pass necessary journal entries in the books of the company for the issue of debentures when debentures were :
(i) Issued at par, redeemable at 8% premium,
(ii) Issued at 4% premium redeemable at 5% premium,
(iii) Issued at 5% premium redeemable at par.
7. Hari, Ravi and Kavi were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted Guru as a new partner for l/7th share in the profits. The new profit sharing ratio will be 2 : 2 : 2 : 1 respectively. Guru brought Rs. 3,00,000 for his capital and Rs.45,000 for his l/7th share of goodwill. Showing your working clearly, pass necessary journal entries in the books of the firm for the above mentioned transactions.
8. Chander and Naresh were partners in a firm sharing profits in 3 :2 ratio. On 28.2.2007 their firm was dissolved. After the transfer of various assets (other than cash) and third party liabilities to Realisation Account, the following transactions took place :
(i) An unrecorded asset costing Rs. 9,000 was taken over by Chander for Rs. 7,800.
(ii) Creditors Rs. 47,500 were paid Rs. 45,000 in full settlement of their claim,
(iii) Expenses of realisation Rs. 1,200 were paid by Naresh.
(iv) Loss on dissolution was Rs. 3,400.
Pass necessary journal entries for the above transactions in the books of the firm.
Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2007 (1).
Free study material for Accountancy
Practice Exam Question Papers for Class 12 Accountancy CBSE Class 12 Accountancy Question Paper 2007 Set 01
Class 12 Accountancy Past Exam Papers & Resources
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 Question Paper 2007 Set 01 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.
Why Practice Class 12 Accountancy Question Papers?
Making use of the CBSE Class 12 Accountancy Question Paper 2007 Set 01 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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FAQs
The CBSE Class 12 Accountancy Question Paper 2007 Set 01 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.
Yes, the solutions for CBSE Class 12 Accountancy Question Paper 2007 Set 01 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.
Solving previous year papers like CBSE Class 12 Accountancy Question Paper 2007 Set 01 is important to understand repeat themes and question difficulty levels of Accountancy. It helps Class 12 students to test their time management skills too.
Yes, where applicable, CBSE Class 12 Accountancy Question Paper 2007 Set 01 is available in both English and Hindi mediums. All students from Class 12 can access Accountancy study material in their preferred language.
No, all previous year question papers on StudiesToday, including CBSE Class 12 Accountancy Question Paper 2007 Set 01, are provided free of charge in mobile-friendly PDF.