CBSE Class 12 Accountancy Question Paper 2020 Set B

Read and download CBSE Class 12 Accountancy Question Paper 2020 Set B 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 Class 12 which they need to improve to get better marks in Class 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

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 Class 12 exams. Please download CBSE Class 12 Accountancy Question Paper 2020 Set B

Accountancy Class 12 Question Paper

CBSE Class 12 Accountancy Question Paper 2020 Set B. Students can download the last year board 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. What will be the rate of interest on the drawings if a partner makes drawings of equal amount on the last day of every month of a year?

a) 6%                                                            b) 7.5%

c) 5.5%                                                         d) 4.5% 

2. Treatment of goodwill among the partners is not required when there is _________________.

a) dissolution of firm                                     b) change in profit sharing ratio

c) admission of a partner                               d) retirement of a partner

3. Mention the liability which is transferred to Realisation Account but does not require cash payment. 

a) Contingent liability                                    b) Partner’s Loan

c) Investment Fluctuation Fund                      d) Partner’s capital

4. Ajit, Nitin and Gaurav are partners sharing profits and losses in the ratio of 5 : 3 : 2. Ajit retires and remaining partners agree to share future profits the ratio of 3 : 2. What will be the gaining ratio of remaining partners? 

a) 5 : 2 

b) 3 : 2 

c) 5 : 3 

d) 1 : 1

5. According to Companies Act 2013, a company can issue its equity shares on discount only to its __________________. 

a) existing shareholders                                             b) debenture holders

c) new shareholders                                                  d) employees

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 the 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. 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. 

8. 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.

9. Naresh, David and Aslam are partners sharing profits in the ratio of 5:3:7. On April 1st, 2012, Naresh, gave a notice to retire from the firm, David and Aslam decided to share future profits in the ratio of 2:3. The adjusted capital accounts of David and Aslam show a balance of Rs. 33,000/- and Rs. 70,500/- respectively. The total amount to be paid to Naresh is Rs.90,500/-. This amount is to be paid by David and Aslam in such a way that their capitals become proportionate to their new profit sharing ratio. Pass necessary journal entries for the above transactions in the books of the firm. Show your working clearly. 

10. The authorized capital of Suhani Ltd. is Rs. 45,00,000/- divided into 30,000 shares of Rs.150/- each at a premium of Rs.10/- per share. The amount was payable as follows

 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper 2020 Set B

2015
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 Foreign Set 3 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 1 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 2 with Answers (Reval)
CBSE Class 12 Accountancy Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Accountancy Question Paper 2015 Outside Delhi Set 3 with Answers (Reval)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 1) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 2) (Compartment)
CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)

More Study Material

Previous Year Question Paper Accountancy Class 12

We hope you liked the above provided CBSE Class 12 Accountancy Question Paper 2020 Set B. To get an understanding of the type of questions which were asked in previous year exams, it is important for Class 12 students to refer to CBSE Class 12 Accountancy Question Paper 2020 Set B that we have provided above. Students can download all the Question Papers for Class 12 Accountancy which were issued in the exams so that you can practise them and solve all types of questions which have been asked till now. If you do CBSE Class 12 Accountancy Question Paper 2020 Set B for Class 12 Accountancy you will easily understand the way examination question papers are set by teachers.

Class 12 Accountancy Previous Year Question Papers

The past year question papers CBSE Class 12 Accountancy Question Paper 2020 Set B covers all the topics which have been suggested by CBSE in their Class 12 Accountancy syllabus for the current year. By doing all CBSE Class 12 Accountancy Question Paper 2020 Set B PYP (previous year papers) you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked and learn them so that you can get full marks in those questions.

Class 12 Accountancy Model Question Paper Pdf Download

We have provided links above of CBSE Class 12 Accountancy Question Paper 2020 Set B in Pdf format so that you can just click the links and easily download the papers with answers. On studiestoday, we have also provided a download and print option for all CBSE Class 12 Accountancy last year papers and Sample Papers for Class 12 Accountancy to make it more easy for students. You can download CBSE Class 12 Accountancy Previous Year Question Papers and Class 12 Accountancy Sample Papers in PDF absolutely free of cost.

Accountancy Previous Year Question Papers Class 12 with Solutions

We have provided CBSE Class 12 Accountancy Question Paper 2020 Set B with solutions. You will be able to understand the type of answers which you should write in Class 12 Accountancy exams to score good marks. You should attempt all the last year question paper for Class 12 and Class 12 Accountancy MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers. This way you will be able to identify your weak areas and also understand how the teachers of Class 12 Accountancy set their questions in the exams.

CBSE Class 12 Accountancy Previous Year Question Papers with solutions

We have provided the last 10 years Class 12 Accountancy Question Papers. Students who want to practice question papers from all previous years can easily get them on studiestoday. We are the leading website in India from which you can download all the latest Class 12 Accountancy study material for free as per the CBSE syllabus for Class 12 Accountancy for the current academic year.
 

Where can I download CBSE Class 12 Accountancy Question Paper 2020 Set B in Pdf

You can download CBSE Class 12 Accountancy Question Paper 2020 Set B from StudiesToday.com

Can I download the previous year Question Papers of Class 12 Accountancy in Pdf

Yes, you can click on the links above and download Question Papers in PDFs for Class 12 for Accountancy. Click on above link to download CBSE Class 12 Accountancy Question Paper 2020 Set B

Is the Class 12 Accountancy Question Paper available for the latest session

Yes, the CBSE Class 12 Accountancy Question Paper 2020 Set B issued for Class 12 Accountancy have been made available here for latest academic session

How can I download and print CBSE Class 12 Accountancy Question Paper 2020 Set B

You can easily access the link above and download CBSE Class 12 Accountancy Question Paper 2020 Set B and save on your computer of mobile

Is there any charge for CBSE Class 12 Accountancy Question Paper 2020 Set B

There is no charge for CBSE Class 12 Accountancy Question Paper 2020 Set B you can download everything free

How can I improve my scores by solving CBSE Class 12 Accountancy Question Paper 2020 Set B

Regular practice of sample question paper given on studiestoday for CBSE Class 12 Accountancy Question Paper 2020 Set B can help you to score better marks in exams

Are there any websites that offer free CBSE Class 12 Accountancy Question Paper 2020 Set B

Yes, studiestoday.com provides all latest CBSE Class 12 Accountancy Question Papers with answers based on the latest format issued for current academic session

Can model paper CBSE Class 12 Accountancy Question Paper 2020 Set B be accessed on mobile devices

Yes, studiestoday provides CBSE Class 12 Accountancy Question Paper 2020 Set B in Pdf and can be accessed on smartphones and tablets.

Are mock CBSE Class 12 Accountancy Question Paper 2020 Set B available in multiple languages

Yes, mock CBSE Class 12 Accountancy Question Paper 2020 Set B are available in multiple languages, including English, Hindi