Read and download CBSE Class 12 Accountancy Question Paper 2020 Set A 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 Question Paper 2020 Set A
Accountancy Class 12 Question Paper 2020
CBSE Class 12 Accountancy Question Paper 2020 Set A. Students can download the last year exams 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 (Partnership and Company Accounts)
1. Which of the following can be claimed by a partner even if there is no partnership deed?
a) Salary b) Interest on capital
c) Commission d) Profit in equal ratio
2. Name the account which is opened to credit the share of profit of the deceased partner till the time of his death to his Capital Account.
a) Revaluation Account b) Realisation Account
c) Profit & Loss Suspense Account d) Profit & Loss Appropriation Account
3. At the time of retirement of Suman, the Balance Sheet of Suman, Meenakshi and Noya shows Workmen’s Compensation Fund of Rs. 60,000. Their profit sharing ratio is 3 : 2 : 1.How will be Workmen’s Compensation Fund claimed by partners?
a) Rs.60,000 to Suman only.
b) Rs.40,000 to Meenakshi and Rs.20,000 to Noya.
c) Rs.30,000 to Suman, Rs.20,000 to Meenakshi and Rs. 10,000 to Noya.
d) Rs. 30,000 each to Meenakshi and Noya.
4. Identify the correct statement regarding goodwill:
a) Goodwill is a current asset. b) Goodwill is a non-current asset.
c) Goodwill is an intangible non-current asset.
d) Goodwill will be recorded even if it is self generated.
5. At the time of forfeiture of shares, the share capital account is debited with
a) face value of share b) called up amount of forfeited shares
c) paid-up amount of forfeited shares d) unpaid amount on forfeited shares
6. Mona, Nisha and Priyanka are partners in a firm. They contributed Rs.50,000 each as capital three years ago. At that time Priyanka agreed to look after the business as Mona and Nisha were busy. The profits for the past three years were Rs.15,000, Rs.25,000 and Rs.50,000 respectively. While going through the books of accounts Mona noticed that the profit had been distributed in the ratio of 1:1:2. When she enquired from Priyanka about this, Priyanka answered that since she looked after the business she should get more profit. Mona disagreed and it was decided to distribute profit equally retrospectively for the last three years.
a) You are required to make necessary corrections in the books of accounts of Mona, Nisha and Priyanka by passing an adjustment entry.
b) Identify the value which was not practiced by Priyanka while distributing profits.
7. Pass the necessary journal entries for issue of 1,000, 7% Debentures of Rs.100 each in the following cases:
a) Issued at 5% premium redeemable at a premium of 10%.
b) Issued at a discount of 5% redeemable at par.
8. Taneja Construction Ltd. has an outstanding balance of Rs.5,00,000/-, 7% debentures of Rs.100/- each redeemable at a premium of Rs.10%. According to the terms of redemption, the company redeemed 30% of the above debentures. Record the entries for redemption of debentures in the books of Taneja Constructions Ltd.
Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2020 Set A
Click for more Accountancy Study Material ›
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) |
CBSE Class 12 Accountancy Question paper 2011 |
CBSE Class 12 Accountancy Question Paper SA1 2010 (1) |
CBSE Class 12 Accountancy Question paper 2009 |
CBSE Class 12 Accountancy Question Paper 2007 (1) |
CBSE Class 12 Accountancy Question Paper 2007 (2) |
CBSE Class 12 Accountancy Question Paper 2007 (3) |
CBSE Class 12 Accountancy Question Paper 2005 (1) |
CBSE Class 12 Accountancy Question Paper 2005 (2) |