CBSE Class 12 Accountancy Question Paper 2021 Set B Solved

Access and download CBSE Class 12 Accountancy Question Paper 2021 Set B Solved, carefully designed as per the latest 2025-26 examination guidelines issued by CBSE, NCERT, and KVS. These Class 12 Accountancy previous year question papers include detailed solutions, helping students to assess their performance and identify and improve key areas before the final exams.

Solved Accountancy Question Papers for Class 12

Practicing these Class 12 Accountancy question papers is the best way to understand the actual exam pattern and marking scheme. By solving these papers under timed conditions, Class 12 students can improve their speed and accuracy. Download the full CBSE Class 12 Accountancy Question Paper 2021 Set B Solved to begin your self-assessment today.

Accountancy Class 12 Question Paper PDF with Solutions

PART A: ACCOUNTING FOR PARTNERSHIP FIRMS AND COMPANIES
 
1 A and B are partners sharing profit and losses in the ratio of 2:3. C is admitted for 1/5th share in the profits of the firm. If C gets it wholly from A, Calculate the new profit sharing ratio after C‟s admission.
 
SOL :1:3:1
 
2 A and B were partners in a firm. They admitted C as a new partner for 20% share in the profits. After all adjustments regarding general reserve, goodwill, gain or loss on revaluation, the balances in capital accounts of A and B were ` 3,85,000 and ` 4,15,000 respectively. C brought proportionate capital so as to give him 20% share in the profits. Calculate the amount of capital to be brought by C.
 
Sol: Combined capital of A and B = ` 3,85,000 + ` 4,15,000 = ` 8,00,000 C’s Share= 1/5th of total
capital
Remaining share = 1-1/5=4/5 4/5 = ` 8,00,000
C’s capital = ` 8,00,000x5/4x1/5 = ` 2,00,000
 
3 A, B and C were partners sharing profits in the ratio of 5:3:2. B retires on January 1, 2018 with A and C agreeing to share the profits in future in the ratio of 6:4. Find the gaining ratio.
 
Sol. Gaining Ratio = New Ratio – Old Ratio
A's Gaining Ratio = 6/10-5/10 = 1/10
C's Gaining Ratio = 4/10-2/10=2/10
Gaining Ratio = 1:2
 
4 How is dissolution of partnership different from dissolution of partnership firm?
 
Sol: In case of dissolution of partnership, the firm continue to do business but with a changed agreement. In case of dissolution of partnership firm, the firm ceases to exist, the assets of the firm are realised and its liabilities are discharged.
 
5 ABC Ltd. Purchased for cancellation its own ` 5,000, 9% Debentures of 100 each for 95 per debenture. The brokerage charges 15,000 were incurred. Calculate the amount to betransferred to capital reserve.
 
Sol. Amount paid for ` 5,000 Debentures= ` 4,75,000 + ` 15,000 = ` 4,90,000 The nominal value
of debentures to be redemption/cancelled = ` 5,00,000
Amount of profit on redemption to be transferred to capital reserve = ` 5,00,000 - ` 4,90,000= 10,000
 
6 ABC Ltd., in order to retain high caliber employees or to give them a belongingness, company has offered a choice to the whole time directors, officers and employees, the right to purchase or subscribe at a future date, the securities or equity shares offered by the company at a pre-determined rate. State what type of plan ABC Ltd, has implemented here.
 
Sol: Employee Stock Option Scheme
 
7 Saurabh, Viktram and Kanth were partner in the firm. Vikram retired on March31st, 2016. All revaluation and goodwill adjustments were made and his claim came to be ` 3,20,000. The amount has been transferred to Vikram's Loan a/c.The amount is paid in four equal installments plus interest @12%.

Prepare Vikramloan a/c for first three years.

CBSE Class 12 Accountancy Question Paper 2021 Set B Solved 1


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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)
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CBSE Class 12 Accountancy (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)

CBSE Class 12 Accountancy Question Paper 2021 Set B Solved

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