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Solved Accountancy Question Papers for Class 12
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Accountancy Question Papers for Class 12 (2026-27)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 1 with Answers (Reval). 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
(Accounting for Partnership Firms and Companies)
1.In the absence of partnership agreement, interest on drawings of a partner is charged :
(i) at 6% per annum.
(ii) at 9% per annum.
(iii) at 12% per annum.
(iv) no interest is charged.
2. Kamal and Vimal were partners in a firm sharing profits in the ratio of 3 : 2. Ghosh was admitted as a new partner for 5 1 share in the profits. On Ghosh’s admission the Balance Sheet of the firm showed a credit balance of Rs.10,000 in its Profit and Loss Account which was debited by the accountant of the firm in the accounts of Kamal and Vimal. Did the accountant give correct treatment to the balance of Profit and Loss Account ? If ‘yes’ give the reason and if ‘not’ give the correct treatment.
3. Anurag and Bhawana entered into partnership on 1.4.2014. On 1.1.2015 they admitted Monika as a new partner for th 10 3 share in the profits which she acquired equally from Anurag and Bhawana. The new profit sharing ratio of Anurag, Bhawana and Monika was 4 : 3 : 3. Calculate the profit sharing ratio of Anurag and Bhawana at the time of forming the partnership.
4. Deepak, Farukh and Lilly were partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 28.2.2015 Farukh retired from the firm. On Farukh’s retirement there was a balance of Rs.12,000 in Workmen’s Compensation
Reserve which was no more required. On Farukh’s retirement this amount will be :
(a) Debited to the Capital accounts of all the partners in their profit sharing ratio.
(b) Credited to the Capital accounts of all the partners in their profit sharing ratio.
(c) Credited to the Capital accounts of Deepak and Lilly in their profit sharing ratio.
(d) Credited to the Capital account of Farukh.
5. Give the meaning of forfeiture of shares.
6. ‘Samta Limited’ invited applications for issuing 6,750 equity shares of Rs.10 each. The amount was payable as follows :
On application – Rs.3 per share
On allotment – Rs.5 per share
On first and final call – Rs. 2 per share
The issue was fully subscribed. Subhash applied for 250 shares and paid his entire share money with application. Moti applied for 175 shares and paid allotment money also with application. The amount received with applications was :
(a) Rs.16,750
(b) Rs.16,000
(c) Rs.19,250
(d) Rs. 22,875
7. State any three purposes other than ‘buy-back of shares’ for which securities premium can be utilized.
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Past Exam Papers & Solutions for Class 12 Accountancy
Download CBSE Class 12 Accountancy Question Paper 2015 with Answers (Reval) Foreign Set 01 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 Question Paper 2015 with Answers (Reval) Foreign 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.
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FAQs
The CBSE Class 12 Accountancy Question Paper 2015 with Answers (Reval) Foreign 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 2015 with Answers (Reval) Foreign 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 2015 with Answers (Reval) Foreign 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 2015 with Answers (Reval) Foreign Set 01 is available in both English and Hindi mediums. All students from Class 12 can access Accountancy study material in their preferred language.
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