Here is CBSE Class 12 Accountancy Question Paper 2007 Set 03 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.
CBSE Class 12 Accountancy Exam Question Papers
Every Class 12 Accountancy student should practice with these question papers to understand question trends and marks distribution. Working through them in a timed test environment makes you faster and more accurate. Use the full CBSE Class 12 Accountancy Question Paper 2007 Set 03 for your daily self-tests.
Get Class 12 Accountancy Previous Year Paper PDF
CBSE Class 12 Accountancy Question Paper 2007 (3). 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 essential features of partnership.
2. Give the meaning of ‘Reserve Capital’.
3. What is meant by ‘Preferential Allotment of Shares’ ?
4. Define a ‘Debenture’.
5. A, B and C were partners in a firm sharing profits in 2 : 3 : 5 ratio. A was guaranteed a minimum profit of Rs. 1,00,000. Any deficiency on this account was to be borne by C.The net profit of the firm for the year ended 31.3.2006 was Rs. 4,50,000. Prepare Profit and Loss Appropriation Account of A, B and C for the year ended 31.3.2006.
6. A Ltd. issued 10,000 7% debentures of Rs. 100 each. Pass the necessary journal entries for issue of debentures in the following cases :
(a) When debentures are issued at par and are redeemable at 5% premium.
(b) When debentures are issued at 5% premium and are redeemable at par.
(c) When debentures are issued at 5% premium and are redeemable at 5% premium.
7. X, Y and Z are partners in a firm sharing profits in the ratio of 4 : 3 : 3. They admitted P as a new partner. X, Y and Z each surrendered l/3rd of his share in favour of P.
Calculate the new profit sharing ratio of X, Y, Z and P.
8. P, Q and R were partners in a firm sharing profits in 7 : 8 : 5 ratio. Their firm was dissolved on 28.2.2007. After transfer of assets (other than cash) and outsider’s liabilities to ‘Realisation Account’, the following transactions took place :
(i) Debtors with Rs. 9,000 paid Rs. 8,900 in full settlement of their claim.
(ii) Creditors Rs. 6,000 were paid Rs. 5,500 in full settlement of their claim.
(iii) Expenses of realisation Rs. 900 were paid by P.
(iv) Loss on realisation was Rs. 15,000.
Pass necessary journal entries for the above transactions in the books of P, Q and R.
9. Dhyey Ltd. redeemed Rs. 30,00,000, 8% debentures issued at a premium of 5% as follows. Rs. 12,00,000, 8% debentures were converted into equity shares of Rs. 100 each issued at a premium of Rs. 25 per share and the balance by converting them into 8% preference shares of Rs. 100 each issued at a discount of Rs. 10 per share.
Pass necessary journal entries in the books of the company. Show your workings clearly.
Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2007 (3).
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Past Exam Papers & Solutions for Class 12 Accountancy
Last 10 Years Question Papers for Class 12 Accountancy
To familiarize yourself with recurring exam trends, it is essential for Class 12 learners to review the CBSE Class 12 Accountancy Question Paper 2007 Set 03 shared above. These past papers for Class 12 Accountancy are readily accessible as a PDF format for the last 10 years download. Working through these real examination sets reveals the true difficulty scale and thematic coverage, preparing you thoroughly for both descriptive and MCQ sections.
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Consistent practice using the CBSE Class 12 Accountancy Question Paper 2007 Set 03 is a proven strategy to elevate your Class 12 Accountancy performance. These documents clarify the official marking scheme and framework followed by the CBSE. Simulating real test conditions at home helps hone your time management abilities, ensuring you finish your Accountancy paper comfortably within the official time limit.
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FAQs
The CBSE Class 12 Accountancy Question Paper 2007 Set 03 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 03 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 03 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 03 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 03, are provided free of charge in mobile-friendly PDF.