CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved

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Read CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved below. Find downloadable Class 12 Accountancy previous year question papers complete with answers, aligned with the 2026-27 assessment patterns of CBSE, NCERT, and KVS. Reviewing these sets helps every Class 12 learner check their readiness for upcoming 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 2022 Set 01 Solved to begin your self-assessment today.

Accountancy Question Papers for Class 12 (2026-27)

PART A: ACCOUNTING FOR PARTNERSHIP FIRMS,NOT-FOR PROFIT ORGANISATIONS AND COMPANIES
 
1 How is dissolution of partnership different from dissolution of partnership firm? 
 
2 Mohan and Shyam are equal partners in a firm. State with reason whether the claim is valid if the partnership agreement is silent and Mohan is an active partner. He wants a salary of ₹10,000 per year.
OR
One of the partners in a partnership firm has withdrawn ₹9,000 at the end of each quarter, throughout the year. Calculate the interest on drawings at the rate of 6% per annum.
 
3 A and B are partners sharing profits and losses in the ratio of 3:2. Their capital accounts showed balances of ₹1,50,000 and ₹2,00,000 respectively on April 01, 2017. Show the treatment of interest on capital for the year ending March 31, 2018, if partnership deed provides for interest on capital @8% p.a. and the firm incurred a loss of ₹10,000 during the year.
OR
State two situations in which interest on partners’ capital is provided.
 
4 What do you understand by the terms legacy and honorarium?
 
5 How much Debenture Redemption Reserve is required in case of fully convertible debentures as per the provision of section 71 (4) of the Companies Act, 2013 read with Rule 18(7) of the Companies (Share Capital and Debentures) Rules 2014.
 
6 Define Debentures.
OR
What is the nature of interest on debenture?
 
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 CBSE Class 12 Accountancy Question Paper 2022 Set A Solved
 
8 XYZ Ltd. was registered with an authorized capital of ₹5,00,000 divided into 50,000 equity shares of₹ 10 each. Since the economy was in robust shape, the company decided to offer to the public for subscription 30,000 equity shares of ₹ 10 each at a premium of ₹ 20 per share. Applications for 28,000 shares were received and allotment was made to all the applicants. All calls were made and duly received except the final call of ₹ 2 per share on 200 shares.
Show the ‘Share Capital’ in the Balance Sheet of the company as per the Companies Act 2013. Also prepare Notes to Accounts for the same.
 
9 Sunshine Ltd. purchased machinery costing ₹10,00,000 from Moonlight Ltd. The company paid the price by issue of equity shares of ₹10 each at a premium of 25%. Pass necessary journal entries for the above transactions in the books of Sunshine Ltd.
OR
What do you mean by Debenture Issued as Collateral Security? Explain with an example.
 
10 Give journal entries for the Issue of Debentures in the following conditions:-
a) Issued 2,000, 12% debentures of ₹ 100 each at a discount of 2%, redeemable at a premium of 5%.
b) Issued 2,000, 12% debentures of ₹ 100 each at a premium of 5%, redeemable at a premium of 10%
 
11 Capital employed in a business is ₹2,00,000. The normal rate of return on capital employed is 15%. During the year 2018 the firm earned a profit of ₹48,000. Calculate goodwill on the basis of 3 years purchase of super profit?
 
12 Nair, Seerat and Hina were partners in firm manufacturing blankets. They were sharing profits in the ratio 5:3:2. Their capitals on 1st April 2017 were ₹ 2,00,000; ₹3,00,000 and ₹ 6,00,000 respectively. After the floods in Kerala, all partners decided to help the flood victims personally.
 
For this Nair withdrew ₹10,000 from the firm on 1st September 2017. Seerat, instead of withdrawing cash from the firm took blankets amounting to ₹ 12,000 from the firm and distributed to the flood victims. On the other hand, Hina withdrew ₹ 2,00,000 from her capital on 1st January, 2018 and set-up a centre to provide medical facilities in the flood affected area.
 
The partnership deed provides for charging interest on drawings @ 6% p.a. After the final accounts were prepared, it was discovered that interest on drawings had not been charged.
 
Give the necessary adjusting journal entry and show the working notes clearly. Also state any two values that the partners wanted to communicate to the society.
 
13 R, S and H were partners in a firm sharing profits in the ratio 7:2:1 respectively. Their fixed capitals were R- ₹ 3,00,000; S ₹ 2,00,000 and H ₹ 1,00,000. The partnership deed provided for the following for the division of profit.
i. 10% of the trading profits will be transferred to reserve account.
ii. H was guaranteed a profit of ₹ 50,000. Any loss because of guarantee to H will be shared by R and S equally.
The trading profit of the firm for the year ended 31st March 2017 was ₹ 2,00,000. Prepare Profit and Loss Appropriation account and Current account for the partners for the year ended 31st March 2017.
 
 
14 On April 1, 2013, XY Limited issued ₹ 9,00,000 10% debentures at a discount of 9%. The debentures were to be redeemed in three equal annual instalments starting from March 31, 2015. Prepare ‘Discount on Issue of Debenture Account’ for the first three years starting from April 1, 2013. Also show your workings clearly.

 

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CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved & Previous Year Question Papers for Class 12 Accountancy

Download CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved for Class 12 Accountancy

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Consistent practice using the CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved 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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Having the CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved in PDF format allows you to revise key concepts anywhere, even without an internet connection. These sets are a reliable tool to practice numerical problems and understand the correct approach to all types of answers. After solving the questions, you should compare your work with the solutions provided by our teachers. Along with these papers, students should always solve the Class 12 Accountancy sample papers and MCQ tests online for a complete revision.

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The CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved 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.

Are the solutions for CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved based on the official CBSE marking scheme?

Yes, the solutions for CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved 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.

How does solving CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved help in preparing for the 2026 exams?

Solving previous year papers like CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved is important to understand repeat themes and question difficulty levels of Accountancy. It helps Class 12 students to test their time management skills too.

Can I access CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved in different languages?

Yes, where applicable, CBSE Class 12 Accountancy Question Paper 2022 Set 01 Solved 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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