CBSE Class 12 Accountancy Question Paper Solved 2019 Set J

CBSE Class 12 Accountancy Question Paper Solved 2019 Set J. 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.


(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the  other partners ?

2. Differentiate between ‘Capital Reserve’ and ‘Reserve Capital’.


What is meant by Preference Shares ?

3. In the absence of a partnership deed, in which ratio do the old partners  sacrifice their share of profit in case of admission of a new partner ?


Give any two circumstances in which sacrificing ratio may be applied.

4. Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’s loan was Rs.  45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?

5. Why are adjustments for outstanding and prepaid expenses not recorded in Receipts and Payments Account ?


Distinguish between ‘Receipts and Payments Account’ and ‘Income and Expenditure Account’ on the basis of ‘Depreciation’.

6. What is meant by ‘mutual agency’ in case of partnership ?

7. Nano Ltd. purchased assets of Dow Ltd. for Rs.  3,00,000. It also agreed to take over the liabilities of Dow Ltd. amounting to Rs.  50,000 for a purchase consideration of Rs. 2,75,000. The payment to Dow Ltd. was made by issue of 8% Debentures of Rs.  50 each at a premium of 10%. Pass necessary journal entries for the above transactions in the books of Nano Ltd.


On 1st April, 2014, a limited company issued Rs. 4,00,000, 9% debentures at 93%, repayable by draw of lots in two equal instalments starting from 31st March, 2017. Prepare Discount o on Issue of Debentures Account from 1st April, 2014 to 31st March, 2016. 

Please click the link below to download pdf file of CBSE Class 12 Accountancy Question Paper Solved 2019 Set J.



Click to View or Download pdf file
Click for more Accountancy Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Critical notice issued by CBSE relating to Boards and other classes

Critical notice issued by CBSE relating to Boards and other classes

CBSE Boards Answer Sheet Evaluation Class 10 and Class 12

HRD Minister Ramesh Pokhriyal, through a video conference with all the education ministers of the state, discussed the further steps to be taken to smoothen the education process during the Covid-19 lockdown. The most important topic which was discussed repeatedly on...

CBSE Board Results for Class 10 and Class 12

Anticipated CBSE result 2020 Date and Time: This is all you wish to know! Here is the news which all students are waiting for. The expected date and time for the CBSE Class X and XII Results 2020 can be viewed here by the students. CBSE Result 2020: The Central Board...

CBSE Board Exams in July Press Release

CBSE has released press note for the dates for the CBSE Board exams for Class 10. CBSE said “With regards to conduct of Class X examinations several queries are being received by the CBSE. In this context, it is once again reiterated that remaining examinations of...

CBSE Board 2020 Important announcement regarding rescheduling of Class 10 12 Board Exams

CBSE Board Exams 2020: Here's when Board will organize the CBSE Class X and Class XII Board Exams.   All the candidates appearing for CBSE Standard X and Standard XII Board Exams 2020 can cross-check the essential notice released by the board concerning the...

Board Exams FAQs released by CBSE

CBSE has released very important FAQs for class 10 and class 12 students who have given the board exams. Students have been coming up with lot of queries and have lot of questions relating to what are the next steps of CBSE. The following FAQs by CBSE will help to...

Studies Today